Answer:
The balance in the Prepaid Rent account as of April 30, 2018 = $7,200
Explanation:
Monthly rent = $3,600
Rent paid on 1 January = $3,600 
6 = $21,600
Out of which Prepaid Rent = $3,600 5 = $18,000
for 5 months
Prepaid rent account as on April 30 balance will be of rent for May and June,
That is $3,600 2 = $7,200
Only this amount will be outstanding in prepaid rent as for the month till April each month rent would have been adjusted from February to April.
Final Answer
The balance in the Prepaid Rent account as of April 30, 2018 = $7,200
The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.
<h3>What is the wraparound mortgage loan?</h3>
This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.
This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.
Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.
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Answer:
45%
Explanation:
Given the following :
Sales unit = 64000
Sales revenue = $1,280,000
Direct materials and directly labor = $640,000
Other variable cost = $64,000
Fixed cost = $360,000
Contribution margin ratio:
(Sales revenue - variable expenses) / sales revenue
Total variable expenses = (Direct materials and directly labor + other variable expenses)
Total variable expenses = (640000 + 64000) = $704,000
Contribution margin ratio :
$(1,280,000 - 704,000) / $1,280,000
$576,000 / $1,280,000
= 0.45
0.45 * 100 = 45%
Answer:
There will be an increase of $6,200 , If the special order is accepted
Explanation:
For computing the net income effect first we have to find out the net income per scale which is a difference between offer purchase price and variable cost per unit
In mathematically,
Net income = Offer purchase price - variable cost per unit
where,
Offer purchase price is $35
And, the variable cost is $12 per unit plus it incur special shipping charges which is also a part of the variable cost.
So, total variable cost = variable cost per unit + Special shipping charges per scale
= $12 + $1
= $13
So, Net income is
= $15 - $13
= $2 per unit
Now for producing the 3100 scales, the net income should be multiply with the production unit
= Net income × Production unit
= 3,100 × 2
= $6,200
Fixed cost is fixed whether the production level changes or not. Thus, it is not be considered.
Hence, there will be an increase of $6,200 , If the special order is accepted
Unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance.
Amongst the employees whose company properties are vested in or used by. Such property are meant to be used effectively, with good faith and only for the cause of the profitability of the organisation.
Example of Unethical behavior from employees concerning the misuse of companies properties are as follows:
a. Using a company car for leisure
b. Using a company computer to surf social media
c. Mismanagement of the company resources
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