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grigory [225]
3 years ago
12

Gracie, inc. made a prepaid rent payment of $2,800 on january 1. the company's monthly rent is $700. the amount of prepaid rent

that would appear on the january 31 balance sheet after adjustment is
Business
1 answer:
Dominik [7]3 years ago
7 0
<span>Out of the prepaid rent of $2800, $700, the actual rent for the month of January, has to be debited to rent account and prepaid rent account will be credited. Now the prepaid rent account will show a smaller figure(2800-700 = 2100) This is the amount that will be shown in the prepaid rent account in the balance sheet. Of course it will be shown as an asset since it has a debit balance.</span>
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IgorC [24]

Answer:

$5,000

Explanation:

Since the payments are due semi-annually and the bond were issued on January 1, 2016 at 100, we will have to calculate the interest cash payments for the two semi-annuals in 2016. Therefore, the interest rate to use is the full annual 5% stated rate. Therefore, we have:

Interest cash payment = Bond face value × Interest rate

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Interest cash payment = $5,000.

Therefore, the cash interest payments in 2016 is $5,000.

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Aloiza [94]

Answer:

C. Matrix Organisation.

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If nothing is stated to the contrary in terms of an auction, an auction is presumed to be ________.
KATRIN_1 [288]

Answer: with reserve

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An auction is presumed to be with reserve if nothing is stated to the contrary (in terms of an auction). What this means is that the seller is merely expressing or showing his intent to receive offers. In contrast, however, if an auction is without reserve, the lowest bid must be accepted by the auctioneer but if it is with reserve, the auctioneer may refuse to sell the item if he is not satisfied with the size of the highest bid.

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For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha.total revenue is
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Answer:

a.total revenue is maximized

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3 years ago
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