Answer:
That would be a shortage.
With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.
<h3>What is an
income statement?</h3>
An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.
Rent expenses = $2,400 prepaid rent / 12 months
Rent expenses = $200 per month
Rent expenses = $200 rent expense per month x 5 months (in Year 2)
Rent expenses = $1,000 rent expense
In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.
Read more about income statement
<em>brainly.com/question/24498019</em>
Answer:
The correct answer is C, the advertising strategy of a particular company.
Explanation:
Option is about the rate of prices increase in Brazil as whole,hence that involves the households,the businesses and the government, it is a macroeconomic topic
The increase in the national income of the United States over the past three months is also a macroeconomic topic as it involves the activities of the government of US as well as businesses and private individuals.
The unemployment rate focused on the proportion of the able population who are not gainfully employed in the economy as a whole is also a macroeconomic topic
<h2>Answer </h2>
Accumulated depreciation will be $1080 for 6 months.
<h3>Step by step explanation </h3>
Maxwell Tax Planning Service with a communication equipment has value on 1 Jan 2019 of $10,800 and has a useful life of 5 years.
We will depreciate 10,800/5 and will get depreciation charge for 1 year which is $2160.
10,800/5 = 2160
Hence, depreciation for 1 year is $2160
Obtained from the question is that we need depreciation till 30 June 2019.
Thereby, we will prorate 1 year depreciation $2160 by multiplying it with 6 months and dividing with 12 months. We will get the answer $1080.
2160 x 6 / 12 = 1080
Therefore, 6 months depreciation will be $1080
Answer:
$134,300
Explanation:
From the question above, we are required to total amount of indirect manufacturing costs that was incurred by Norred corporation with the information that was provided
The first step is to calculate the total variable manufacturing overhead costs
= Variable manufacturing overhead × Units produced
= $1.60 per unit × 8,000 units
= $12,800
Therefore, the total amount of indirect manufacturing costs can be calculated as follows
= Total variable manufacturing costs + Fixed manufacturing overhead
= $12,800 + $121,500
= $134,300
Hence the total amount of indirect manufacturing costs is closest to $134,300
