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grigory [225]
2 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]2 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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Consider a 10-year bond with a face value of $1,000 that has a coupon rate of 5.5%, with semiannual payments.
DiKsa [7]

Explanation:

It all depends on the market conventions and the bond documentation.

1 In most countries, traditionally fixed coupon bonds don’t have their coupons day counted. So if the frequency is twice a year, and the annual coupon rate is 5.5%, then each semi-annual coupon is exactly 5.5/2=2.75%. However a lot of other instruments, e.g. fixed swap legs, loans, and bonds that are really “loan participation notes”, etc. usually have their fixed coupons day counted. So each coupon amount will vary a little depending on the number of days in the accrual period, weekends and holidays.

5 0
3 years ago
The liabilities of Blue Spruce Company are $87,000. Common stock account is $145,000; dividends are $44,000; revenues, $462,000;
kotykmax [81]

Answer:

$332,000

Explanation:

Given that,

Liabilities = $87,000

Common stock = $ 145,000

Revenue = $ 462,000

Expenses = $ 318,000

Dividends = $ 44,000

Total assets = Liabilities + Common stock + Revenue – Expenses – Dividends

                     = $87,000 + $ 145,000 + $ 462,000 - $ 318,000 - $ 44,000

                     = $ 694,000 - $ 362,000

                    = $332,000

Therefore, the amount of Blue Spruce Company’s total assets is $332,000.

4 0
2 years ago
HOW MUCH IS 5OO ROUNDED TO THE NEAREST 10TH
Anit [1.1K]
500 rounded to the nearest tenth is 500 because there is nothing to round

6 0
3 years ago
The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electroni
serious [3.7K]

Answer:

Cash                         2,157 debit

bank service expense 85 debit

   account receivables 2,242 credit

Explanation:

To record the bank memorand:

The collection in behalf of the firm will increase cash

The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.

Net cash variation: 2,242 - 85 = 2,157

For the Company errors another entry will be made looking for errors between our numebrs and the bank.

5 0
3 years ago
A production line at VJ Sukumaran's machine shop has three stations. The first station can process a unit in 10 minutes. The sec
Deffense [45]

Answer:

Answer for the question:

A production line at VJ Sukumaran's machine shop has three stations. The first station can process a unit in 10 minutes. The second has two identical machines, each of which can process a unit in 12 minutes (each unit only needs to be processed one of the two machines). The third station can process a unit in 18 minutes.(This station operates separately from, and simultaneously with stations one and two, which are independent and sequential operations).

Which station is the bottleneck station?

is given in the attachment.

Explanation:

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3 years ago
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