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marin [14]
4 years ago
15

Bonita Realty Management Co. received a check for $30,000 on October 1, which represents a one year advance payment of rent on a

n office it rents to a client. Unearned Rent Revenue was credited for the full $30,000. Financial statements are prepared on December 31. The appropriate adjusting journal entry to make on December 31 of the first year would be:_______
Business
2 answers:
Klio2033 [76]4 years ago
8 0

Answer:

The adjusting entry will be made as below;

Explanation:

The entry made on October 1,

Bank    Dr.$30,000

Unearned revenue   Cr.$30,000    

The adjusting entry on December 31 will be;

Unearned Revenue (30,000/12)*2      Dr.$5,000

Rental Income                                      Cr.$5,000                  

umka21 [38]4 years ago
7 0

Answer:

$7500

Explanation:

On December 31, Unearned rent revenue from October 1 to December 31 will be credited to rent revenue and will be Debited to unearned rent revenue.

Unearned rent revenue to be debited on December 31 = $30,000 *3/12 = $7,500

Hence appropriate journal entry would be:

Unearned Rent Revenue Dr $7,500

To rent Revenue $7,500

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McDonald's conducts a value chain analysis of Burger King and discovers that Burger King's logistics and procurement of inputs a
Karo-lina-s [1.5K]

Answer:

The correct answer is letter "D": analyzing competitors’ pricing.

Explanation:

Companies tend to analyze their competitors' pricing to review what are other firms of the same industry doing to obtain revenue. This study usually involves verifying competitors' raw material, labor, and manufacturing pricing. The best practices can be adapted to the analyzing company so revenue can be maximized.

5 0
3 years ago
LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to
VladimirAG [237]

Answer:

$739.72 ≈  739.72

Explanation:

we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])

  • fv = $1,000
  • pmt = $1,000 x 7.25% x 1/2 = $36.25
  • nper = 60
  • rate = 10% / 2 = 5%
  • present value = ?

=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.

6 0
3 years ago
Why do you think people invest their money in options other than those with the highest returns (highest % interest)?
atroni [7]

Answer:Probably the highest return rates usually crash so they invest in smaller options with lower return rates. Explanation:

3 0
3 years ago
In performance appraisal, ______ means that the use of the measure is satisfactory or appropriate to the people who must use it.
inysia [295]

Answer:

Acceptability

Explanation:

Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.

When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.

However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.

5 0
4 years ago
Suppose that an economy has the per-worker production function given as:
Eva8 [605]

Answer:

What is the steady-state value of the capital-labor ratio, k?

k = 16

Explanation:

Suppose that an economy has the per-worker production function given as follows:

yt = 5kt^0.5

where y = output per worker

k = capital per worker

k = sy - (n+d)×k

0 = s(5k^0.5) - (0.10+0.15)×k

0 = 0.20(5k^0.5) - 0.25k

0.25k = k^0.5

k^0.5 = 1/0.25

k^0.5 = 4

k^1/2 = 4

Taking square of both of the sides:

(k^1/2)² = (4)²

k = 16

8 0
4 years ago
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