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Delicious77 [7]
3 years ago
5

The unearned rent account has a balance of $72,000. if $18,000 of the $72,000 is unearned at the end of the accounting period, t

he amount of the adjusting entry is
Business
1 answer:
bekas [8.4K]3 years ago
5 0

An adjusting entry by definition is an accounting journal at the end of an accounting period which adjust income and expenses so that they comply with the accrual basis of accounting.

In this case, since $18,000 is still unearned, therefore the amount of adjusting entry is:

Adjusting Entry = Balance – Unearned

Adjusting Entry =$72,000 – $18,000

<span>Adjusting Entry = $54,000</span>

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When Bonita put together a research report for her company, what would she have included in the references section?
Lerok [7]

In a typical research report, the items that are included in the references section are:

  • author
  • date
  • title
  • source.

<h3>What is the purpose of references in research report?</h3>

Generally, a reference is the way of giving credit to the writers from whom you have borrowed words and ideas, so, by citing the work of a particular scholar, you acknowledge and respect the intellectual property rights of that researcher.

As an academic, we  can draw on any of the millions of ideas, insights and arguments published by other writers, many of whom have spent years researching and writing. All we need to do is acknowledge their contribution to your assignment.

So, by referencing, this allows you to acknowledge the contribution of other writers and researchers in your work. All of the university assignments that draw on the ideas, words or research of other writers must contain citations.

Read more about references

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3 0
9 months ago
EB8.
Stolb23 [73]

Answer:

The fixed costs per unit when 20,000 units are produced are $6.05 per unit.

Explanation:

Fixed costs per unit can be determined by using the following formula:

Fixed costs per unit = Total fixed costs/ number of units are produced

In a company, Total fixed costs do not depend on the level of activity (Fixed costs do not change).

In the company, Total fixed cost = $11 x 11,000 = $121,000

When 20,000 units are produced, Fixed costs per unit = $121,000/20,000 = $6.05 per unit.

3 0
3 years ago
A ________ is a retail firm owned by its customers. Members contribute money to open their own store, vote on its policies, elec
myrzilka [38]

Answer:

A consumer co-operative

Explanation:

A consumer co-operative is a type of retail business owned by an association of consumers. The consumers who form the venture manage it and share in its profits. The main objective of starting a consumer co-operative is to eliminate intermediaries.

A consumer co-operative has the benefit of economies of scale as it purchases in bulk. It can afford to offer its members more competitive prices. Members of the co-operative share profits in the ratio of capital contribution. Their liability is limited to share contribution. Membership is voluntary, and they usually transact on a cash basis.

3 0
3 years ago
Assume that the following events occurred at a division of Generic Electric for March of the current year:
Crank

Answer:

$192 million; $153.60 million; $38.40 million

Explanation:

Given that,

Direct material purchased = $80 million

Direct labor costs = $51 million

Manufacturing overhead = $77 million

Percent of the work-in-process completed = 80%

(1) Transfers-In:

= Direct materials + Direct labor costs + Manufacturing overhead

= (80% × $80 million) + $51 million + $77 million

= $64 million + $51 million + $77 million

= $192 million

(2) Transfer-out:

= Transfers-In × percent of the work-in-process completed

= $ 192 million × 80 %

= $ 153.60 million

(3) Ending Balance:

= Transfers-In - Transfer-out

= $192 million - $ 153.60 million

= $38.40

6 0
2 years ago
The NYSE does not exist as a physical location. Rather it represents a loose collection of dealers who trade stock electronicall
Alex

Answer: Capital market instruments include both long-term debt and common stocks.

Explanation:

Asking the options given, the option that is correct is that Capital market instruments include both long-term debt and common stocks.

The capital market refers to s financial market whereby equity backed securities and long-term debt can be purchased and sold. The capital different is different from the money market which ideally deals with short-term debt.

In the capital market, the buyers and the sellers engage in financial securities such as stocks, bonds, stocks, etc.

6 0
2 years ago
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