You can start a business no matter what by being smart, and think before you act... my business is being a YouTuber
Answer:
$13,593,750
Explanation:
For computing the value of the firm, first, we have to determine the price per share which is shown below:
Price per share = Borrowing amount ÷ Number of repurchase shares
= $750,000 ÷ 8,000 shares
= $93.75
Now the value of the firm would be
= Outstanding shares × Price per share
= 145,000 shares × $93.75
= $13,593,750
Answer:
C)debit Rent Expense, $3,000; credit Prepaid Rent, $3,000.
Explanation:
The amount $18,000 is good for 6 months. That means that the monthly rent would be $3,000 (which is 18,000/6).
On July 31, one month of this prepaid rent has been used and should be recognized as a "Rent Expense" for one month which is $3,000
The credit would be "Prepaid Rent" since the balance of $18,000 should decrease by $3,000, which is the used portion of the prepaid rent.
