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Montano1993 [528]
2 years ago
9

Journal Entry

Business
1 answer:
Contact [7]2 years ago
4 0

Answer:

Explanation:

unearned rent         6000 (debit)

    Rent revenue.                       6000 (credit)

to record 2 months of realized rent revenue

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I needd helpppp asappppp!
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Answer:

C?

Explanation:

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Assume that at the current market price, a perfectly competitive firm's profit-maximizing level of output yields total revenues
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Answer:

c. The firm is earning zero economic profit and should continue to operate.

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This is because at that point firm has not earned any profit or facing a loss.

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Here is economic calendar for the United Kingdom for August 2013, Examine indicators like PMI (Market UK PMI Manufacturing), emp
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Based on the majors indicators, the U.K economy perform above expectations as the UK surprised the world in the second half to 2013 with the robustness of its economy.

<h3>What are the three major indicators of the economy?</h3>

Economic indicators cover measurements of stability and macroeconomic performance, such as gross domestic product (GDP), consumption, investment, and international commerce (central government budgets, prices, the money supply, and the balance of payments).

The GDP, unemployment rate, and inflation are the main three indicators that economists look at to determine how the economy is performing overall. The primary gauge of macroeconomic performance is generally acknowledged to be the Gross Domestic Product (GDP). An economy's overall size can be determined by looking at its GDP in absolute terms, whereas its overall health can be determined by observing fluctuations in GDP, which are frequently quantified as real GDP growth.

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3 0
1 year ago
Which entry records the investment of cash by John, owner of a sole proprietorship?
mote1985 [20]
The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
4 0
3 years ago
A donor gave equipment valued at $90,000 at the beginning of 2020 to a private not-for-profit organization. The equipment had a
Slav-nsk [51]

The net asset would be $81,000 or $0 depending upon the policy of the Non-Profit Organization.

<h3><u>What is a Non-Profit Organization?</u></h3>
  • A non-profit organization is a group that was established with the intention of making a profit, and in which no part of the organization's revenue is given to its directors, officials, or members.
  • "Non-stock corporations" are a common moniker for nonprofit organizations.
  • They may be organized as a corporation, a sole proprietorship, an unincorporated association, a partnership, a foundation, a condominium, or another type of individual enterprise (for instance, individual charitable contributions) (joint ownership of common areas by owners of adjacent individual units incorporated under state condominium acts).
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The value of the equipment given by the donor = $90,000

The charge of depreciation = $9,000.

The total assets of a business less the total liabilities equals the entity's net assets. The sum of a company's net assets equals its stockholders' equity in whole. Net assets are divided into unrestricted and restricted net assets of a nonprofit organization.

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2 years ago
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