Fragmental co. leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $800. fragmental collected the entire $6,400 cash on october 1 and recorded it as unearned revenue. assuming adjusting entries are only made at year-end, the adjusting entry made by fragmental co. on december 31 would be:
The adjusting entry on December 31 for Fragmental Co. would be a debit to unearned revenue and a credit to rental income for $2,400, which represents the rent earned for three months at $800 each month, aligning with GAAP principles.
The adjusting entry made by Fragmental Co. on December 31 would involve recognizing the portion of the cash collected on October 1 that has now been earned. Since the lease began on October 1 and it is now December 31, three months have passed, meaning the company has earned 3 months of rent at $800 per month. The necessary adjustment would be to debit unearned revenue for $2,400 and credit rental income for the same amount.
The journal entry would look like this:
Debit Unearned Revenue: $2,400Credit Rental Income: $2,400This entry moves the earned portion of the pre-collected rent from a liability account (Unearned Revenue) to an income account (Rental Income), aligning with the revenue recognition principle required by GAAP.
Population growth is highest in which countries answers apex
Answer:
Sub-developed countries.Explanation:
According to statista.com, countries with the highest population growth are South Sudan, Angola, Malawi, Burundi, Uganda, Niger, Mali, Burkina Faso, Zambia and so on.
The common characteristic these high-population-growth countries have is sub-development. They all are sub-developed countries, which implies several variables: Low income per capital, Lacking Human Resources, Vulnerable Economy.
All these variables, derived from sub-development are a common point in these countries, which can allow us to deduct that probably this is the reason.
Answer: Countries with little money
Explanation:
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How many clusters do vocational counselors group career and occupation specialties into?
Answer:
10
Explanation:
I believe it's 10 let me know if its correct.
Vocational counselors group career and occupation specialties into 16
career clusters.
A small cruising ship that can hold up to 58 people provides three-day excursions to groups of 38 or more. if the group contains 38 people, each person pays $72. the cost per person for all members of the party is reduced by $1$1 for each person in excess of 3838. find the size of the group that maximizes income for the owners of the ship.
This is a problem in business mathematics involving maximization of profit. The question can be solved by setting up an equation involving the cost per person and the number of people, finding the derivative, and solving for when this derivative equals zero. This yields the optimal group size to be 56 people.
Explanation:This is a maximization problem in mathematics, specifically in the field of business mathematics. The income of the company is dependent on the number of people on the cruise, with the cost per person decreasing as the size of the group increases. We first set up an equation to represent the income based on the size of the group:
Income = ($72 - (n - 38)) * n
This formula calculates the income by multiplying the cost per person by the number of people (n).
To find the size of the group that maximizes income, we can plot this equation and find the maximum point on the curve. Alternatively, we can take the derivative of the equation, set it equal to zero and solve for n. This will yield the point at which the income is at a maximum.
Doing this yields n = 56. Therefore, the size of the group that maximizes income for the owners of the cruise ship is 56 people.
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Three friends who ate a sausage pizza together fell ill with yersiniosis. it was later determined that the sausage had been time-temperature abused. this is an example of
Research and write about at least two proposed methods of implementing digital cash. try to find one that attempts to provide anonymity. what are the advantages and disadvantages of the methods you researched?
Is economics only about money? explain your answer.your answer?
To help you StartSafe and StaySafe when working with electricity, you should always: A. All answer choices are correct B. Use ground-fault circuit interrupters. C. Inspect extension cords, and use power tools and equipment as designed. D. Follow proper lockout/tagout procedures E. Maintain a safe distance from overhead power lines.
Answer:
A) All answer choices are correct
Explanation:
To help you StartSafe and StaySafe when working with electricity, you should always do the following to prevent electrocution;
- Use ground-fault circuit interrupters.
- Inspect extension cords and portable tools.
- Use power tools and equipment as designed.
- Follow proper lockout/tagout procedures and
- Maintain a safe distance from overhead power lines.
Placing high cost, high visibility products at the front of the store and low cost or sale items at the back of the store is a function of
Answer: product service management
Explanation: this is product service management because (1) the low cost items would become a liability to the high cost products due to them being cheaper than the lower cost products (2) the product is the high cost items, the service is getting customers to buy the high price products and they are managing it by putting it in front of the items that could prevent it from being sold.
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Which of these would most likely cause an increase in the price of an item?
When supervisors directly oversee the actions of employees, monitoring employees' work and correcting problems as they occur, ________ control is taking place?
what type of promotions do you think are most effective in the sports and entertainment marketing industry? explain
The effectiveness of promotions in the sports and entertainment marketing industry often depends on the target audience, the nature of the event, and the marketing goals.
Some types of promotions that are commonly effective in this industrySocial Media Campaigns: Leveraging platforms like In stagram, Tw itter, and Face book for engaging and shareable content can be highly effective. This includes teasers, behind-the-scenes footage, and interactive campaigns.
Sponsorship and Partnerships: Aligning with popular brands or influencers can enhance visibility. Sponsorships, especially with well-known athletes or celebrities, can create a positive association with the event.
Giveaways and Contests: Offering free tickets, exclusive access, or merchandise through contests and giveaways can generate excitement and encourage audience participation.
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In a manufacturing firm, costs incurred to research a more fuel efficient engine would be classified as
Indirect cost - Unlike direct cost which can traced back to cost objects like labor, production materials, and other precise allocations, indirect cost must be allocated or assigned to a cost object. In essence, it is a less precise allocation. It is a cost that arises in the course of production.
Managers should run a business ethically because
A trade show is usually focused on what?
a. an employer
b. an industry
c. a school
d. a craft
the answer is b. an industry
3) The ________ includes the entire planet and all of its living and nonliving parts.
In _____, even after an organization achieves its goal and no longer has a reason to continue, it continues anyway.
According to maslow, the authority and responsibility of an effective manager focuses upon which level of needs?
What two main reasons are there for becoming an entrepreneur?
Answer:
1. The opportunity to control your destiny. When you work a 9-to-5 you're at the mercy of your boss and the company you work for.
2. Freedom to spend your time doing what's important to you.
Are there different laws for individuals and businesses?
Which of the following typically have the highest auto insurance premiums? A.Young, inexperienced drivers B.Older, experienced drivers C.Drivers who have safe driving records D.Drivers who travel short distances
Answer:
A.Young, inexperienced drivers
Explanation:
The insurance premium is the price a person needs to pay to get an auto policy. Insurance companies establish the price of the premium considering the risk the person requesting the policy has. From the options given, the group that have the highest risk is the young, inexperienced drivers as they have more probability of having an accident because of the lack of practice driving and they will have the highest insurance premiums.
Do you think it is easier to increase or decrease government spending
Why is the establishment of generally accepted standards of practice and training in digital forensics important?
A copy machine was purchased for $35,000. it is estimated that the machine will have a useful life of 4 years with a residual value of $3,000. it is estimated that the machine will make 2,000,000 copies. using the unit-of-output method to depreciate the copy machine, how much will be depreciated if during the first year 550,000 copies were made?
In many hospitals, orientation training expense (aka educational resources) is a shared expense that will be allocated to multiple departments. in these cases it is
The central bank of the united states is often called the banks' bank. what is it
Answer:
The central bank of the United States is often called the "Federal reserve bank".
Explanation:
In the United States, the three primary functions or goals which are played by the Central Bank are such as:
The Central Bank of the United States is responsible for providing financial services. The Central Bank of the United States regulates and supervises financial firms.The Central Bank of the United States is responsible for the conduct of Monetary policy.If a manager chooses inappropriate goals, but makes good use of resources to pursue these goals, it results in:
Please tell us if there is an abstraction level of technology that you are particularly interested in
Answer:Information communication Technology
Explanation:
Virtually all business needs technology to expand its growth. It has been seen that most business move faster with the aid of e-commerce. And with this business can compete globally to the consumers.
Daphne bought a dishwasher and paid for it with her credit card. The company delivered the dishwasher to her the very same day. When should Daphne record the sale?
Alicia and sarah are at the supermarket. alicia wants to get peanuts from the bulk food bins and sarah wants to get almonds. the almonds cost $6.50 per pound and the peanuts cost $3.50 per pound. together they buy 1.5 pounds of nuts. if the total cost is $6.75, how much did each girl get?