Answer:
1. Depreciation expense 3600
Accumulated depreciation 3600
2.Unearned rent 330666
Rental income 330666
3. Interest expense 2100
Interest payable 2100
4.Cost of goods manufactured 2640
Supplies 2640
5. Insurance expense 2400
Prepaid insurance 2400
Explanation:
depreciation for the year = 300*12=3600
2. Earned rent was 62000/3*4=330666
3.Interest expense for the year = 525*4=2100
4.opening supplies were 3500 and ending were 860 so (3500-860)=2640 were consumed and 860 will be reported to balance sheet.
5. Opening prepaid insurance was =$3600
Insurance was expense out at the rate of $200 per month = 200*12=$2400
$1200 shall be reported to balance sheet.
This represent "adopting a new standing plan" management action.
<u>Answer:</u> Option B
<u>Explanation:</u>
Planning enables an organization to define its goals.The policies, protocols and initiatives which are structured to ensure safe operation of the internal workings of a given company or organization, thus understood as "standing plans". Such plans are often once created and then changed as needed to meet the requirements of the business. Instances of standing plans involve employee contact policies, company internal reporting protocols, and regulations regarding what is acceptable and what is forbidden in the sector.
Answer:A tax-deferred savings plan is an investment account that allows a taxpayer to postpone paying taxes on the money invested until it is withdrawn after retirement. The best-known such plans are Individual Retirement Accounts (IRAs) and 401(k) plans.
Explanation:
Answer:
Strengths that will most affect my ability to achieve the objectives I have Identified are:
Explanation:
- Ability to spot trends very early
- Ability to network with people easily. I have a very strong network across various industries of key decision-makers
- History with setting goals and achieving them
- Knowledge of Business Law. This enables me to make sound business decisions especially when closing deals and signing off on contracts
- Prior experience in the same industry
Cheers
The government provides goods and services in a free market economy in order to facilitate private trade and transactions.
<h3>What is the role of the government in the free market?</h3>
Even thought the economy is controlled by the private sector in the free market economy, this cannot function without government help.
The government would have to provide public goods and services such as the police in order to enable the transactions in the private sector.
In conclusion, governments have to provide public goods and services in a free market economy to facilitate economic activities.
Find out more on government in the free market at brainly.com/question/10410132
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