Answer:
balance in the Prepaid Rent account as of April 30 is $10800
Explanation:
given data
rent office = $5,400 per month
rent paid = 6 month i.e January 1 to June 30
to find out
balance in the Prepaid Rent account as of April 30
solution
we know here that Period Expired till April 30 = 4 months ( January 1 to April 30)
and
so Period Balance = 2 Months ( May 1 to June 30 )
so Prepaid Rent is = Balance Period × Rent per month
Prepaid Rent = 2 × 5,400
Prepaid Rent = $10800
so balance in the Prepaid Rent account as of April 30 is $10800
From this list, none are really the perfect solution to have a clear presentation but most likely it would be: C. Using a large font, since it will allow viewers from a long distance to be able to understand better.
Answer:
a Interest paid to partners based on the amount of invested capital.
Explanation:
A partnership is formed between two parties that agree to go into a venture for mutual gain. The parties share ownership of the business entity and as such are entitled to profit from their equity holdings.
Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.
Legitimate expenses include: cost of sales, staff cost, administrative costs, advertising costs, and professional expenses like hiring an accountant.
Answer:
False
Explanation:
Balance sheets relate to balance and expenditure over a period.
The answer is C. Delegation.
Delegation is the process of <span>assigning meaningful authority and responsibility to managers and employees lower in the hierarchy. Managers needs to delegate tasks to their people so they can be able to develop leaders in her/his team.</span>
