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n200080 [17]
3 years ago
14

Item4 1 points Time Remaining 50 minutes 19 seconds00:50:19 Item 4 Time Remaining 50 minutes 19 seconds00:50:19 Chan Sports purc

hases one year of rent on November 1 for $12,000 ($1,000 per month), debiting Prepaid Rent. On December 31, Chan Sports would record the following year-end adjusting entry: Multiple Choice Rent Expense 10,000 Prepaid Rent 10,000 Rent Expense 2,000 Prepaid Rent 2,000 Rent Expense 12,000 Prepaid Rent 12,000 No entry is required on December 31 because full cash payment was made on November 1.3
Business
1 answer:
Paha777 [63]3 years ago
3 0

Answer:

Rent Expense 2,000 Prepaid Rent 2,000

Explanation:

The adjusting entry is

rent expense Dr ($1,000 × 2 months) $2,000

     To prepaid rent $2,000

(being rent expense is recorded)

Here the rent expense is debited as it increased the expense and credited the prepaid rent as it decreased the assets

The same should be relevant

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Which action would the FED most likely take as part of an expansionary monetary policy?
grigory [225]

Answer:

C) buy securities on the open market

Explanation:

The Fed has several tools that it can use to effect monetary expansion. Buying securities in the open market is one of the tools that result in expansion. When the Fed buy and sell securities in the markets, it conducts open market operations OPO.

By buying securities from banks, the Fed aims at reducing the interests rates. When the Fed buys securities, it increases money held by banks.  It is the equivalents of large cash deposits to the banks. The Fed is encouraging banks to loan out money to firms and individual. Because banks will have too much money, they will entice borrowing by offering low-interest rates.

The Fed buying securities is increasing the money supply in the economy.

5 0
3 years ago
The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w
Ira Lisetskai [31]

Answer:

E.match its core competencies.

Explanation:

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The core competencies of any organization will distinguish it competitively and will also reflect its personality

Capabilities on the other hand are valuable, costly to imitate, rare, and no substitutable are core competencies. In turn core competencies are attributes of competitive advantages for the firm over its rivals

3 0
3 years ago
If you'd like your ads to show on certain sites across the internet you can add these websites as
Ksenya-84 [330]

Yes the correct answer to this is called:

 

“Placements”

 

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8 0
3 years ago
Read 2 more answers
Time-tested practices for developing successful teams are Multiple Choice showing enthusiasm, making timely decisions, practicin
valkas [14]

Answer:

all of these.

Explanation:

Time-tested practices can be regarded as methods , ways that has been usings for long period of time that has produced a successful teams and can be trusted any time. It should be noted that Time-tested practices for developing successful teams are the followings;

✓showing enthusiasm

✓making timely decisions

✓ practicing innovation

✓admitting mistakes

✓ being flexible,

3 0
3 years ago
Define capital stock. use the aggregate demand and supply to show the effects of a decrease in interest rates in the short-run a
GuDViN [60]

Answer:

Decrease of interest rates will lead to monetary expansion, however higher consumer spending in the long run would not have the same effect,as only investments lead to economic growth.

Explanation:

Capital stock is the total amount of capital used in the production of goods and services, including factories, buildings, tools and machinery. In both short and long term, decrease of interest rates, leads to monetary expansion as it becomes cheaper to borrow money and this leads to aggregate demand and supply curves shift to the right. The short run aggregate supply curve is affected by production costs, taxes and costs of labor (wages). The long run is affected by the events that change the output of the economy. In the short run, some components such as capital invested are constant, only with cheaper labor and technological progress, shifts of the curve are possible. However, changes of interest rates in both short and long term period would have the same effect.  Higher consumer spending in the long run would not have the same effect as only investments cause economic growth or the increase of capital stock.

4 0
3 years ago
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