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Scorpion4ik [409]
3 years ago
9

On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente

red into a lease agreement to rent out its old warehouse space it was no longer using. This agreement calls for Cedar to receive $10,000 per month from the lessee, due and payable at the end of the 5-month lease term. At December 31, 2021, none of the rental payments from the lessee had yet been received. If Cedar makes the appropriate adjusting entry, how much will be reported on the December 31, 2021 income statement for rent expense?
Business
1 answer:
lorasvet [3.4K]3 years ago
4 0

Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

Rent for year = $432,000

Rent for month = 432,000/12 = $36,000

April - December = 9 months

Rent for the year = 9 * 36,000

= $324,000

Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>

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Last year, you purchased a stock at a price of $64.00 a share. Over the course of the year, you received $2.20 per share in divi
Alecsey [184]

Answer:

8.55%

Explanation:

Calculation to determine your approximate real rate of return on this investment

First step is to calculate the Nominal return

Nominal return = ($69 - $64+ $2.20)/$64

Nominal return=7.2/$64

Nominal return= 0.1125

Now let calculate the Approximate real return

Approximate real return = 0.1125 - 0.027

Approximate real return= 0.0855*100

Approximate real return=8.55%

Therefore your approximate real rate of return on this investment is 8.55%

7 0
3 years ago
Do you think being charitable can be taught?
lesya692 [45]

Answer:

Yes, I feel like anyone can be taught what charitable means and what it is. Its all about helping..and anyone could learn that without being taught

Explanation:

5 0
3 years ago
Brace Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
Levart [38]

Answer:

D. $511,920

Explanation:

For determining the estimated manufaturing overhead first determined the predetermined overhead which is shown below:

= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)

= ($506,920 - $23,440) ÷ (20,400 hours)

= $23.7

Now the estimated manufacturing overhead is

= $23.7 × 21,600 hours

= $511,920

5 0
4 years ago
What is not recommended discipline technique
vredina [299]

Answer:

  1. Spanking
  2. Consequences
  3. Removal of Privileges
  4. Time-Outs
  5. Reward Systems
  6. Shaming

Explanation:

Negative discipline is in type of minor to significant disciplines when the positive techniques are at an inability to accomplish the acknowledged degree of models as endorsed or timetables as an issue of its approaches principally demanded with the expectation of maintaining the uprightness of the association among the work power and people in general all in all. These may establish suspension of representatives, mandatory off, withdrawal of specific advantages, downgrade, excusable, and so forth and the gravity of such disciplines relies on the character of unfortunate behavior/carelessness of moral qualities. While upholding Negative disciplinary activities philanthropic grounds likewise considered, all things considered, as mistake is human, and the family or society or even the nation ought not endure by virtue of awful notoriety and very consideration and thinking alongside the endorsed rules of the work law are carefully tracked with lawful decisions under comparable conditions. Primary thought would be that the group of the oppressed isn't far influenced.

The negative discipline techniques you shouldn't utilize are as per the following:  

  • Enthusiastic Shakedown  
  • Blame  
  • Open Embarrassment  
  • Mockery  
  • Orders  
  • Yelling  
  • Physical Viciousness  
  • Damaging Words  
  • Dangers  
  • Cold Conduct
7 0
3 years ago
What is considered a want rather than a need for most people
garri49 [273]

Answer:

sometimes it depends on the person

like electronics some people want it but some people need it

Explanation:

hope this helps :)

support by marking brainliest please

6 0
3 years ago
Read 2 more answers
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