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larisa86 [58]
3 years ago
9

Purdue Company signed a one-year lease on April 1, 2017, and paid the $45,600 total yearâs rent in advance. Purdue recorded the

transaction as a debit to Prepaid Rent and a credit to Cash. What adjusting entry should Purdue make on December 31, 2017 (no previous adjustment has been made)?
Business
1 answer:
kogti [31]3 years ago
7 0

Answer:

Rent expense debit and credit prepaid rent

Explanation:

Prepaid expense refers to those expenses that have been paid in advance before they are accrued. Some examples prepaid expenses are prepaid rent and prepaid insurance.

Prepaid expenses are debited and cash is credited at the time expenses are paid in advance. At the end of the year, adjustment entry is made when the expense expires. Following is the adjustment entry made at the end of the year:

Date                        Particulars                          Debit($)                 Credit($)

December               Rent expense                     45,600

31'2017                           Prepaid expenses                                       45,600

                                (To record expired prepaid

                                  rent)

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When Honda, a Japanese auto maker, built a factory in Ohio,
Evgesh-ka [11]

Answer:

A) it was engaged in foreign direct investment.

Explanation:

Foreign Direct Investment is a term used in business-related operations that describes a kind of investment made by an investor in a country other than the actual or original country of the investor. It can be either business operations or business assets in a different firm in another country.

Hence, in this case, when a Japanese automaker, built a factory in Ohio, it was engaged in foreign direct investment. Therefore, the correct answer is option A.

4 0
3 years ago
Richard wants to buy additional stock in Rancor Mobil, but the price of the stock has fluctuated in recent days. He wants to mak
kvasek [131]

Answer:

Limit order.

Explanation:

A limit order is an order executed in part or in full when a price level previously defined by it has been reached. In case of a partial execution, the order remains active until executed in full within its validity period or until cancelled.

Limit order in the L2 module :

- executed only at the specified price and only with Deltastock as a liquidity provider ;

- when another liquidity provider is used, the order is executed as a market order when the requested price is met and with the provider first to quote that price.

- in case of a partial execution of a limit order in the L2 module, the remaining amount constitutes a new limit order, valid until executed or cancelled.

8 0
2 years ago
Which do you think would be more effective for shaping long-term ethical behavior in an organization: a written code of ethics c
-Dominant- [34]

Explanation:

A code of ethics can be defined as a set of rules and guidelines that exist in an organization to regulate the behavior and actions of all employees.

Therefore, there is no way to guarantee that only a formal and written code of ethics is necessary for managers and employees to actually practice ethical behavior.

What will define whether the code of ethics is really implemented in the company is its conduct and positioning in the internal and external environment. There is a way for a company to be unethical and have a complete and not exercised code of ethics.

Therefore, for the organizational culture to be based on the values ​​set out in the code of ethics, it is necessary to have strong ethical leadership, as the leader is responsible for motivating and guiding the actions of employees based on their own example, then in the long term , it can be said that an ethical leadership would be more impactful for the formation of the shared values ​​that form the organizational culture.

7 0
3 years ago
Handy Man, Inc., has zero coupon bonds outstanding that mature in eight years. The bonds have a face value of $1,000 and a curre
AnnZ [28]

Answer:

5.657%

Explanation:

Data provided:

Face value = $1,000

Current market price = $640

Time of maturity, t = 8 year

Now,

the compounding formula is given as:

Face value = Current amount × (1+\frac{r}{n})^{nt}

where,

r is the rate i.e pretax rate of debt

n is the number of times the interest is compounded i.e for semiannual n = 2

thus, on substituting the values, we get

$ 1,000= $ 640 × (1+\frac{r}{2})^{2\times8}

or

1.5625 = (1+\frac{r}{2})^{16}

or

(1+\frac{r}{2}) = 1.0282

or

r = 0.05657

or

pretax cost of debt = 0.05657 × 100% = 5.657%

3 0
2 years ago
Once the organization structure is in place, a supervisor must identify the tasks to be done, combine them into jobs, and then f
Nataly [62]
<span>Once the organization structure is in place, a supervisor must identify the tasks to be done, combine them into jobs, and then formalize the process through a: D. Scalar Chain
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8 0
3 years ago
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