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2 years ago

Items that are essential to operating a business are considered

Business

2 answers:

hodyreva [135]2 years ago

7 0

D. assets are considered essential in operating a business

zalisa [80]2 years ago

6 0

Answer:

A. Business Needs

Explanation:

It's not assets ‍♂️

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REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building it rents

vovikov84 [41]

Answer:

Debit Unearned Rent Revenue $4,500

Credit Rent revenue $4,500

Explanation:

Amount received in advance is recorded as a debit to cash account and a credit to deferred or unearned revenue. When revenue is earned, the amount earned is credited to revenue and debited to the deferred revenue account.

As such, where REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building, initial entries required are

Debit cash account $27,000

Credit Unearned Rent Revenue $27,000

when financial statements are prepared for July 31, one month revenue would have been earned. This is equivalent to

= 1/6 × $27,000 = $4,500

Adjusting entries required

Debit Unearned Rent Revenue $4,500

Credit Rent revenue $4,500

7 0

3 years ago

As inventory and property plant and equipment on the balance sheet are consumed, they are reflected: Select one: A. As a revenue

Dafna11 [192]

Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.

What is a balance sheet?

A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.

The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.

As a result, option (b) is correct.

Learn more about on balance sheet, here:

brainly.com/question/26323001

#SPJ1

6 0

2 years ago

How are SAE programs expanded and/or diversified?

harkovskaia [24]

Answer:

The SAE programs could be extended even diversified using the following techniques.

Explanation:

Increased self-employment has led to something like the SAE programs.
Rather than growing the breadth of this. The concept seems to be the volume, gross margin, quantity of acres, respectively.
By introducing or growing new goods as well as companies. This would be referred to those as diversification.
Whilst also connecting to the awareness acquired via the SAE programs.

8 0

3 years ago

Although New York State is second only to Washington State in production ofâ€‹ apples, its production has been declining during

SCORPION-xisa [38]

Answer:

1. Increase in number of orchards

2. Increase in housing prices

Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

There is going to be increased demand for apples due to this new diet and this increase in demand is going to bring about a hike in the price for apples. This price increase would make business to be viable for these apple farmers. More people would want to own orchards just to make money out of the boom in apples. Because apple farming now seems to be more profitable than other activities. <u><em>So this would cause the number of apple orchards that are within 100 miles of new york city to increase.</em></u>

2. What effect is the diet likely to have on housing prices in New York City?

There would be an increase in housing prices in New york city as farmers would rather be planting apples on these lands instead of sellng them to developers for building houses. There would be a decrease in the supply of housing in New york.

4 0

3 years ago

Why do we practice making associations with simple and mundane problems and resources? Select all that apply.

Artyom0805 [142]

Answer:

E. They are problems and resources that most people have experience with or can relate to.

Explanation:

Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.

They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.

4 0

2 years ago