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motikmotik
3 years ago
14

Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $9

5,000 at December 31, 2016, the cash paid for rent during 2016 is:_________
Business
1 answer:
d1i1m1o1n [39]3 years ago
5 0

Answer:

$445,000

Explanation:

The rent in Volusian company income statement for 2016 is $420,000

The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016

Therefore the cash paid for rent in 2016 can be calculated as follows

= $420,000+($95,000-$70,000)

= $420,000 + $25,000

= $445,000

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Answer:

Cost of Equity = 11.30%

Explanation:

Computation Cost for Equity

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41.08 = [$3.01 × (1.037)] / (Cost of Equity - 0.037)

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Jason and Ed have a business idea that they plan to commercialize. They approach an independent investor to raise funds for thei
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Answer:

The answer is "venture capitalist".

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Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $11.00; direct labor, $25.00,
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$3.20 per unit

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