1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalka [10]
2 years ago
6

Three months of rent were prepaid on May 1 for $7,200, but two months have now expired, leaving only one month prepaid at June 3

0. What is the amount of rent expense that will be recorded in the related adjusting entry dated June 30?a- $0b- $2,400c- $4,800d- $7,200
Business
1 answer:
Dafna11 [192]2 years ago
7 0

Answer:

b- $2,400

Explanation:

The computation of the amount that should be recorded is given below:

= 3 months rent ÷ number of months

= $7,200 ÷ 3 months

= $2,400

Hence, the amount of rent that should be recorded is $2,400

Therefore the option b is correct

The same should be considered

You might be interested in
The Modigliani and Miller hypothesis suggests that capital structure doesn't matter. All of the following conditions need to be
Dmitriy789 [7]

Answer:

The false statement is letter "B": all corporate net income is paid out as dividends.

Explanation:

The Modigliani-Miller Theorem or M&M is used in financial and economic studies to analyze the value of a firm such as a business or a corporation. The M&M theorem states that a firm's value is based on its ability to earn revenue plus the risk of its underlying assets. This value is independent of the way the company distributes its profits or finances its operations.

In that case, dividends have nothing to do with how the M&M theorem values a business.

6 0
3 years ago
Is the national interest a reliable source
timurjin [86]
Not all of the time because it can be very biased
3 0
3 years ago
The major drawback of most fad diets is:
Yuliya22 [10]
<span>All of these can be true of fad diets but A is especially true. You need a balance of foods in order to be healthy and many fad diets don't support this. They teach dieters to eat a lot of a few types of food which creates an unhealthy idea of how to lose weight.</span>
7 0
3 years ago
Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. The CPI
Kay [80]

Answer:

-0.11% a year

Explanation:

Susan's real interest rate is the nominal rate of her investment subtracted by the percentage increase in CPI.

The percentage increase in CPI for 2005 was:

CPI = \frac{232-225}{225}*100 \% \\CPI= 3.11 \%

Therefore, Susan's real interest rate (i) was:

i = 3.00 - 3.11\\i = -0.11 \%

4 0
3 years ago
Ethan is planning for his retirement. He has narrowed it down to two investment options. The first is an ira where monthly payme
vlada-n [284]

Answer:

a.

IRA; $3,552.72

Explanation:

3 0
2 years ago
Other questions:
  • Select the correct answer What is a cursor?
    13·2 answers
  • The arguments for restricting trade
    13·2 answers
  • Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be se
    6·1 answer
  • Sarah, the cofounder of a start-up company that sells sports goods, prepares a mission/purpose statement for the company. In the
    7·1 answer
  • The desire for which item(s) would be considered a noneconomic want?
    14·1 answer
  • The Guitar Shoppe reports the following sales forecast: August, $130,000; and September, $230,000. Total sales include 35% cash
    10·1 answer
  • When Roosevelt cut spending in 1937, the U.S. economy returned to the abysmal economic status of 1932–1933; yet, despite reversi
    6·1 answer
  • Upon graduating from UCI, you start a job in finance earning $72,000 per year and decide to buy a home. You can afford to pay no
    15·1 answer
  • Coca-Cola launched 500 drinks around the world, some of which are truly unique. The Indian Coke subsidiary launched a chunky man
    12·1 answer
  • A licensed insurance producer that transacts business on behalf of an insurer must be?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!