The adjusting entry made on December 31 by Fragment company would be: A debit to Unearned Revenue and a credit to Rent Revenue for $2,475.
<h3>What is revenue?</h3>
Revenue is income earned by an individual or a business from the sale of any products or services offered. It is the value of all sales of goods and services recognized by a company in a period.
Amount unearned = Amount of total rent (3months / 8 months)
Amount unearned = 6,600 [3/8]
Amount unearned = $2,475
Journal entry:
Unearned rent A/c Dr $2,475
Rent A/c Cr $2,475
[Debit to Unearned Rent
Credit to Rent Earned for $2,475]
Learn more about revenue adjusting entries here : brainly.com/question/13448930
Answer:
A. The fact that political infighting consumes a great deal of organizational energy.
Explanation:
When we discuss internal environment of any organization, it includes all the people inside the organization, when we use the term politicized, it impacts negatively on the organization, as it states that there is a political characteristic in the organization.
This is negative as this represents some negative and unethical practices in a corporate entity.
This further impacts the organization in its performance. This might lead to negative results, or in simple terms might not allow the people in organization to perform and give their 100% of input.
Thus, statement A is correct.
The correct answer to this open question is the following.
Here we do not have a question. Just a statement.
What is your question? What do you want to know?
However, trying to help you we can comment on the following.
If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.
Some other considerations need to be made for this to happen. For instance, if the government wants to dissuade people to use their cars, the government has to make sure that the public transportation system is in optimal conditions, it is safe to ride, and can guarantee the transportation times for people to be on time in their jobs.
Otherwise, people will still be driving their cars because they think that using cars is a more safe and better way to travel.
Public transportation also has to comply with strict pollution emissions controls.
Answer and Explanation:
The journal entry is given below:
a. Work in process ($4,850 + $2,420 + $1,910 + $3,570) $12,750
Factory overhead $1,660
To wages payable $14,410
(being the factory labor cost is recorded)
b. Work in process Dr ($12,750 ÷ $17 × $28) $21,000
To factory overhead $21,000
(being the factory overhead is applied)
These two entries should be recorded for an individual parts
Answer:
$2,685
Explanation:
Calculation to determine the machine's net present value
NET PRESENT VALUE
Year Cash flow*Discount factor at 8% =Discounted Cash flows
0 $ -40,000*1= $-40,000
1 $ 12,000*0.9259= $11,111
2 $12,000*0.8573=$10,289
3 $ 12,000* 0.7938=$9,526
4 $16,000*0.7350=$11,760
NET PRESENT VALUE $2,685
($-40,000+$11,111+$10,289+$9,526+$11,760)
Therefore the machine's net present value is $2,685