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Greeley [361]
2 years ago
13

On December 1, 2021, Carlos entered into a lease on a building for use in his business for $1,000 per month. Under the lease ter

ms, Carlos pays 18 months’ rent ($18,000) in advance on December 1. How much can Carlos deduct for rent in 2021?
a. $12,000
b. $18,000
c. $1,000
d. $13,000
Business
1 answer:
kipiarov [429]2 years ago
5 0

The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is <u>c.$1,000.</u>

<h3>Rent in 2021</h3>

When recording rent, you can only record it for the period that the financial statement is for.

The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.

The rent will therefore be a rental amount for a month:

= Rental amount / Number of months

= $18,000 / 18

= $1,000

In conclusion, option C is correct.

Find out more on prepaid rent at brainly.com/question/1079277.

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An investor buys 100 shares of a $40 stock that pays an annual cash dividend of $2 a share (a 5 percent dividend yield) and sign
cricket20 [7]

Answer:

a= 163 shares worth 6,515.58 dollars

b= It purchase 43.5 shares

giving a total of 143.5 shares worth 71.634 each giving a net worth of $10,280.33861

c=  It purchase 50.3 shares

giving a total of 150.3 shares worth 71.634 each giving a net worth of $10.766.88

Explanation:

We increase at 5% rate each year.

Principal \: (1+ r)^{time} = Amount

Principal 4,000.00 (100 shares x $40 each

time 10.00

rate 0.05000

4000 \: (1+ 0.05)^{10} = Amount

Amount 6,515.58

Total shares after 10 years

6,515.58 / 40 = 162.8894627 = 163

If the price rise at 6% but dividends remains constant

Shares Dividends  // Price // Shares purchased

1 100         200     42.4         4.717

2 104.717 209.434     44.944 4.66

3 109.377 218.754     47.641   4.592

4 113.969 227.938     50.5      4.514

5 118.483 236.966     53.53   4.427

6 122.91 245.82     56.741         4.333

7 127.243 254.486     60.146 4.232

8 131.475 262.95     63.754 4.125

9 135.6 271.2     67.58   4.014

10 139.614 279.228     71.634  3.898

TOTAL143.512                                 43.512

c)

\left[\begin{array}{ccccc}$Years&$Shares&$Dividends&$Price&$Shares purchased\\1&100&200&42.4&4.717\\2&104.717&215.718&44.944&4.8\\3&109.517&232.374&47.641&4.878\\4&114.395&250.006&50.5&4.951\\5&119.346&268.65&53.53&5.019\\6&124.365&288.347&56.741&5.082\\7&129.447&309.133&60.146&5.14\\8&134.587&331.051&63.754&5.193\\9&139.78&354.139&67.58&5.241\\10&145.021&378.44&71.634&5.283\\TOTAL&150.304\\\end{array}\right]

150.304 x 71.634 = 10766.87674

6 0
3 years ago
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Marysya12 [62]

Answer:

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Explanation:

8 0
2 years ago
In russia what preceded the communist takeover of the government?
kodGreya [7K]

Answer:

Explanation:

Idk

3 0
3 years ago
A city with a 12/31 fiscal year-end requires that restaurants buy a license, renewable yearly. Proceeds of the license fees are
stiks02 [169]

Answer:

c) $210

Explanation:

Revenue is recognized in the year in which it is intended to finance an activity.

The Cash collected During 2014 relating to licences will be used to finance the salaries for the inspectors during 2014 and cash collected during 2014 = $210 (30+180)

8 0
3 years ago
On January 1, the Elias Corporation issued 10% bonds with a face value of $50,000. The bonds are sold for $46,000. The bonds pay
Darina [25.2K]

Answer:

d. $5,400

Explanation:

The computation of the interest expense is shown below:

As

Interest Expense is

= $50,000 × 10%

= $5,000

And,

Amortization Expense is

= ($50,000 - $46,000) ÷ 10 years

= $400

So,

Total Bond Interest Expense is

= Interest expense + amortization expense

= $5,000 + $400

= $5,400

We simply added the interest expense and the amortization expense so that the total bond interest expense could come

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3 years ago
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