Answer:
Debit to Unearned Rent
Credit to Rent Earned for $2,925
Explanation:
Given:
Amount of total rent = $7,800
Computation:
Amount unearned = Amount of total rent (3months / 8 months)
Amount unearned = 7,800 [3/8]
Amount unearned = $2,925
Journal entry:
Unearned rent A/c Dr $2,925
Rent A/c Cr $2,925
[Debit to Unearned Rent
Credit to Rent Earned for $2,925]
He should price them by taking 90 percent and dividing by .32
Answer:
If the court denies the motion, the most likely reason is that vicarious liability cannot be established against the taxi owner because the driver is an independent contractor.
Explanation:
While an employer is vicariously liable for the negligent acts of its employees when carried out "in the course of employment," the taxi driver is an independent contractor, and his acts cannot be made good by the taxi owner. Secondly, since a verdict had already been entered in his favor against the taxi driver, the passenger's claim for damages will be adequately met by the first judgment.
Answer:
The total liabilities amounts to $200,000
Explanation:
The total liabilities of Asmine Smith is computed as:
Total Liabilities = Owing on Condo + Owning a Car
where
Owning on Condo is $190,000
Owning a Car is $10,000
Putting the values above:
= $190,000 + $10,000
= $200,000
Note: Sum Insured under the Insurance Policy, is neither a liability nor assets. And Premium paid is an expense, will be treated as Current Assets.
