Answer:
A. Newspapers
D. Textiles
Explanation:
Market oriented location is the selection of business location based on customers. The market for business will be selected where there are customers already present. This is possible where there is presence of some competitor in market and business chooses to open its store just beside him so that competitor customers may visit our store too.
Answer:
$643
Explanation:
Collection in the month of August is made up of
Considering all the elements stated above,Collection in the month of August
= (20% × 610) + (70% × 670) + (8% × 650)
= 122 + 469 + 52
= $643
b. economy of scale.
c. a trust.
d. free enterprise.
b. contest
c. display
d. introductory offer
The answer is A. bait and switch
never changes.
increases annually.
decreases annually.
A monthly fixed rate mortgage payment will Never change.
A fixed-rate loan is known to be one that gives a fixed term. A monthly mortgage payment is said to include interest, taxes, and insurance.
In a fixed mortgage payment rate, the payer is known to be informed at the very start the exact amount that they are said to pay for all the months to come.
Even if the net value of the properties alters as a result of market condition, payment in the fixed mortgage rate is not affected.
Learn more about fixed rate mortgage payment from
The company purchased a building on January 1, 2019. It cost $700,000 and is expected to have a $45,000 salvage value at the end of its predicted 40-year life. Annual depreciation is $16,375.
Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,000 per month, starting on November 1, 2019. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again.
On November 1, the company rented space to another tenant for $1,812 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Assume no other adjusting entries are made during the year.
Required:
1. Use the information to prepare adjusting entries as of December 31, 2019.
2. Prepare journal entries to record the first subsequent cash transaction in 2020 for parts c and e.
The preparation of the adjusting entries for Arnez Company is as follows:
Debit Supplies Expenses $13,069
Credit Supplies $13,069
Debit Insurance Expense $8,045
Credit Prepaid Insurance $8,045
Debit Salaries Expense $3,800
Credit Salaries Payable $3,800
Debit Depreciation Expense $16,375
Credit Accumulated Depreciation $16,375
Debit Rent Receivable $2,000
Credit Rent Revenue $2,000
Debit Unearned Rent $3,624
Credit Rent Revenue $3,624
1. Supplies expenses = $13,069 ($3,075 + $12,700 - $2,706)
Supplies Expenses $13,069 Supplies $13,069
2. Insurance Policies:
Policy Date of Purchase Months Cost Insurance
of Coverage Expense
A April 1, 2017 24 $ 10,824 $1,353 ($10,824/24 x 3)
B April 1, 2018 36 $ 9,576 $3,192
($9,576/36 x 12)
C August 1, 2019 12 $ 8,400 $3,500
($8,400/12 x 5)
Total Insurance Expense for 2019 $8,045
Insurance Expense $8,045 Prepaid Insurance $8,045
3. Salaries Expense $3,800 Salaries Payable $3,800 ($1,900 x 2)
4. Depreciation Expense $16,375 Accumulated Depreciation $16,375
5. Rent Receivable $2,000 Rent Revenue $2,000
6. Unearned Rent $3,624 Rent Revenue $3,624 ($1,812 x 2)
Learn more about adjusting entries at brainly.com/question/13933471
Answer:
supplies expense 13069 debit
supplies 13069 credit
insurance expense 12,844 debit
prepaid insurance 12,844 credit
depreciation expense 16,375 debit
acc dep- building 16,375 credit
rent receivable 2,000 debit
rent revenue 2,000 credit
unearned revenue 3,624 debit
rent revenue 3,624 credit
Explanation:
cosumption of supplies:
beginning 3,075
purchases 12,700
ending (2,706)
expense 13,069
insurance:
April 1st 24 months 10,824
April 1st 36 months 9,576
August 1st 12 months 8,400
expired insurance:
10,824 x 8/24 = 7,216
9,576 x 8/36 = 2,128
8,400 x 5/12 = 3,500
total 12,844
for depreicaiton we recognize the amount per year
the rent earned is only Decemeber so we recognize for that amount
then we have the other tenant which pais 5 months, 2 has expired so we accrued for that:
1,812 x 2 = 3,624