How is Comparative Advantage

On July 1, Runner's Sports Store paid $14,000 to Corona Realty for 4 months rent beginning July 1.Prepaid Rent was debited for t

Mariana [72]

The question is incomplete. Choose fron the following;

A)Debit Prepaid Rent, $3,500; Credit Rent Expense, $3,500.

B)Debit Rent Expense, $14,000; Credit Prepaid Rent, $14,000.

C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.

D)Debit Rent Expense, $14,000; Credit Prepaid Rent, $3,500.

Answer:

The answer is C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.

Explanation:

The rent expense for the month ending July 31 was 14000/ 4 = $3500.

3 0

3 years ago

Read 2 more answers

When developing the advertising program, specifying the advertising objectives helps advertisers with other choices in the proce

melisa1 [442]

When developing the advertising program, specifying the advertising objectives helps advertisers with other choices in the process such as selecting media and evaluation.

A media planner determines the schedule of advertisements, including specific times and durations of advertisements.

Advertising program has its three main goals: to inform, to persuade, and to remember. Informative advertising increases awareness of brands, products, services, and ideas. You can announce new products and programs and educate people about the features and benefits of new and established products.

Advertising strategy consists of two key components for her: creating an advertising message and content and choosing an advertising medium.

Learn more about the Advertising program at

brainly.com/question/24967768

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7 0

2 years ago

What was President Bush's response to the financial crisis?

Tasya [4]

Answer:

The answer is e. to support a federal bailout of the banking industry

Explanation:

To response to financial crisis, President Bush had addressed in the public television that the federal bailout of damaged financial institutions was necessary to avoid long and painful recession.

In fact, his administration had implemented an $700 billion worth of Trouble Asset Relief Program since October 2008, in which the amount from federal government's budget was spent on bailout damaged financial institutions such as American International Group (AIG), and bad mortgage debts.

So, e is the correct choice.

7 0

3 years ago

Clark Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to

Tomtit [17]

Answer:

contribution margin ratio= 0.4

Explanation:

Giving the following information:

Selling price per unit= $20

Unitary variable cost= $12

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= (selling price - unitary variable cost) / selling price

contribution margin ratio= (20 - 12) / 20

contribution margin ratio= 0.4

3 0

3 years ago

Using a perpetual inventory system, the seller’s journal entry to record the sale of merchandise on account includes a:_________

alexandr1967 [171]

Answer:

D. Debit to Accounts Receivable

Explanation:

Transaction of sale in Perpetual Inventory system will be recorded as follow:

Dr. Cr.

Account Receivable xxx

Sales xxx

Cost of Goods Sold xxx

Merchandise Inventory xxx

There is no entry to purchases, cost of goods sold is debited and inventory is credited. So, the only correct option which is dealt in above transactions.

5 0

3 years ago