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3 years ago

15

Ben started a business on 1 January 2015 using rented premises. At 31 December 2015 Ben owed $1400 for rent. The rent charge to

the Income Statement for the year ended 31 December 2015 was $6000. How much was paid for rent during the year?

1 answer:

Alina [70]3 years ago

7 0

Answer:

4600

Explanation:

Rent expense is 6000 but he still owed 1400 of that. So he paid 4600 (6000-1400)

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When the Central Bank lowers the bank rate, borrowing from the central bank becomes cheaper and commercial banks borrow more fro

tresset_1 [31]

Answer:

= All

Explanation:

= U.S. exports increase, shifting U.S. aggregate demand to the right

= U.S. exports increase, shifting U.S. aggregate demand to the right

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3 years ago

An investor purchases a 12-year, $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of in

WARRIOR [948]

Answer:

the present value of the bond is $16.67

Explanation:

given data

time NPER = 12 year = 12 × 2 = 24 semi annual

bond value FV = $1000

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rate of interest = 6% = $\frac{0.06}{2}$ = 0.03 = 3 % semi annual

solution

we will apply here formula for current value in excel as given below

-PV(Rate;NPER;PMT;FV;type) .............1

put here value as

rate = 3% and NPER = 24 , and FV = 1000 and PMT = $50

solve it we get

the present value of the bond is $16.67

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3 years ago

Specialization in production Group of answer choices Makes a country weak. Reduces the standard of living. Increases output. Dec

OLga [1]

Specialization in production will increase output.

As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.

Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.

The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.

Learn more about Specialization in production here:brainly.com/question/24448534

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2 years ago

Mary Walker, president of Rusco Company, considers $23,000 to be the minimum cash balance for operating purposes. As can be seen

scoundrel [369]

Answer:

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Explanation:

Adjustments to convert company's income statement to cash basis:

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Loss on sale of equipment $2,000

Increase in Account receivable -$40,000

Decrease in Prepaid Expense $4,000

Increase in Inventory -$50,000

Increase in Accounts Payable $63,000

Decrease in Accrued Liability -$9,000

Increase in Deferred Tax Payable $8,000

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3 years ago

What microeconomic factors point to the fact that your business should be successful? Be sure to provide evidence for your claim

SashulF [63]

The microeconomic factors that are important to consider in business is competition, the supply and demand, elasticity of the goods and similar variables. Depending on the business, each has factor has a unique impact which can either help or ruin the business.Thank you for your question. Please don't hesitate to ask in Brainly your queries.

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3 years ago

Read 2 more answers