What is an example of a flame?

To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for, Multiple choice question

EleoNora [17]

To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;

Rent expense is debited, prepaid rent is credited

<h3>Prepaid rent account</h3>

A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.

On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.

Read more on prepaid rent account;

brainly.com/question/1202504

6 0

2 years ago

1. What is the revised net operating income if unit sales increase by 16%? 2. What is the revised net operating income if the se

weeeeeb [17]

Answer:

1) NOI = $90,240

2) NOI = 29,250

3) NOI = 133,260

4) NOI = 110,190

Explanation:

The question is incomplete.

Sales (38,000 units) $342,000 ($9.00 per unit)

Variable expenses $228,000 ($6.00 per unit)

Contribution margin $114,000 ($3.00 per unit)

Fixed expenses $42,000

Net operating income $72,000

1. What is the revised net operating income if unit sales increase by 16%

If unit sales increase, we can calculate this with a 16% increase in the contribution margin.

$NOI=CM*(1+0.16)-FE=114,000*1.16-42,000=132,240-42,000\\\\NOI=90,240$

2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 25%?

A reduction of $1.50 in price means a reduction of the same amount in the contribution margin per unit (CMu), as the variable expenses stay the same .

Also, the contribution margin increases by 25%, for the increase in units sold (q).

$NOI=CM_u*q-FE=(3.00-1.50)*(38,000*1.25)-42,000\\\\NOI=1.5*47,500-42,000=71,250-42,000\\\\NOI=29,250$

3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 6%?

The selliing price will be added to the contribution margin per unit.

The units sold are increased 6%.

$NOI=CMu*q-FE=(3.00+1.50)*38,000*1.06-(42,000+6,000)\\\\NOI=4.5*40,280-48,000=181,260-48,000\\\\NOI=133,260$

4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%?

The contribution margin per unit, with a increase in price and an increase in variable cost, becomes:

$CM_u=P-VE_u=9.00*(1.20)-(6.00+0.30)=10.80-6.30=4.50$

The units sold is now:

$q'=(1-0.11)q=0.89q=0.89*38,000=33,820$

Then, the net operating income becomes:

$NOI=CM_u*q-FE=4.5*33,820-42,000=152,190-42,000\\\\NOI=110,190$

5 0

3 years ago

What is the price at which equilibrium is achieved?

nasty-shy [4]

The price at which equilibrium is reached is known as the equilibrium price. In economics, the equilibrium price is reached when the quantity of a certain product will match the demand of a certain product with regard to price per product. In order to solve for this, you have to compute for quantity demand and quantity supply. After that, you have to graph the line of these two equations and find where these two lines would intersect to find the equilibrium price.

8 0

3 years ago

Read 2 more answers

True or false: Sometimes if a buyer does not want to develop its own supplier certification program, it will accept standard ind

shepuryov [24]

Answer:

True

Explanation:

The ISO 9000 management systems helps organize to meet buyers needs within regulation and requirements related to a service. A industry certifications can be used to hire and train workers.

5 0

3 years ago

Primary market explain how the treasury uses the primary market to obtain adequate funding

Contact [7]

Each week, the Treasury holds an auction to issue T-Bills. When the auction opens, investors are able to place bids on the bills. The Treasury is then able to select the highest bids in order to obtain adequate funding.

6 0

4 years ago