What is the journal entry for Rent paid in advance Rs. 5,000?
Answers
The journal entry for Rent prepaid in advance would be prepaid rent.
As the sum paid indicates the additional payment for the foreseeable use of the rented property, such as office space, etc., advance rent is treated as an asset rather than a cost in accounting. Similarly, the business must enter the rent that has been paid in advance as an asset in the journal entry.
When the business begins using the rented property, the prepaid rent will eventually expire. As a result, the business must register rent expense for the time period during which the cost of the prepaid rent expires.
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Related Questions
FILL THE BLANK. according to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
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According to the principle of comparative advantage, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
The principle of comparative advantage is an economic concept that suggests countries should specialize in producing goods or services in which they have a lower opportunity cost compared to other countries. Opportunity cost refers to the value of the next best alternative that must be given up in order to produce a particular good or service. When a country specializes in producing a specific product, it can allocate its resources more efficiently, leading to increased productivity and economic growth. However, this specialization comes at the cost of sacrificing the production of other goods or services for which the country may have had some comparative advantage but chooses not to pursue.
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Which type of savings account offers the best intrest rates
Answers
Here are the best online savings account interest rates
Ally Bank – APY: 1.15%, min. ...
American Express National Bank – APY: 1.15%, min. ...
Popular Direct – APY: 1.15%, min. ...
Citibank – APY: 1.01%, min. ...
CIT Bank – APY: up to 0.70%, min. ...
Vio Bank – APY: 0.60%, min. ...
PurePoint Financial – APY: 0.40%, min.
it is personality factor which means doing things even before being told
Answers
Answer:
Initiative.
Explanation:
Initiative is a personality factor which means doing things even before being told.
This ultimately implies that, an initiative refers to the ability of an individual to act by himself or herself without getting any instruction from anybody.
Initiative connotes the personality factor that influences an individual to perform an action or task without being told, urged, compelled or forced to do so.
são paulo’s economic base was initially tied to the growing and transshipment of:
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são paulo’s economic base was initially tied to the growing and transshipment of: coffee.
An entrepreneurial class established in Rio de Janeiro during the mining surge was ready to prompt the public authority to assist with making basic conditions for the expansion of coffee, such as eliminating transportation and work bottlenecks. From the area close to Rio de Janeiro, coffee creation moved along the Paraíba Valley toward São Paulo State, which later turned into Brazil's largest sending out locale. Coffee was developed with crude techniques and with no respect to land conservation. Land was bountiful, and creation could grow easily through the joining of new areas. Nonetheless, it soon became necessary to ease two basic constraints: the absence of transportation and the shortage of work.
The cultivation of coffee farther away from ports required the construction of railroads, first around Rio de Janeiro and into the Paraíba Valley, and later into the fruitful highlands of São Paulo. In 1860 Brazil had just 223 kilometers of railroads; by 1885 this complete had increased to 6,930 kilometers. The fundamental rail interface between São Paulo's eastern highlands and the sea port of Santos considered a fast expansion of coffee into the middle and northwest of the state.
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an increase in the exchange rate of the u.s. dollar relative to a trading partner can result from
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An increase in the exchange rate of the U.S. dollar relative to a trading partner can result from a variety of factors, including higher interest rates in the United States,
Stronger economic growth in the United States compared to the trading partner, increased demand for U.S. goods and services, and decreased demand for the trading partner's goods and services. These factors can lead to an increase in demand for the U.S. dollar, causing its exchange rate to rise relative to the trading partner's currency. Additionally, changes in global market conditions, geopolitical events, and central bank policies can also impact exchange rates. Overall, exchange rates are complex and can be influenced by a wide range of factors.
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what is 4/8 = ??????????????????????
Answers
Answer:
4/8 is equivalent to 1/2
Explanation:
Hope it helps a lot :]
Answer:
4 divided by eight? if this is the question then the answer is 1/2
Explanation:
let me know if that was what you were asking
which of these is mos likely outcome of a financial crisis
Answers
Answer:
More bankruptcies
Explanation:
Financial crises are caused by number of reasons such as stock market crash, liquidity shortage, over-valued assets which make investors sell off their investments hence causes panic withdrawals for customers due to rumored banking collapse etc.
When financial crises occur, the profit due to firms will be eroded because the revenue expected by them is not coming forth. Moreso, the overall corporate profit would also be affected by the financial crises hence bring about loss and subsequent bankruptcies.
Financial crises creates unemployment or massive lay-offs, loss of money hence increase chances of creating more bankruptcies.
Randall wants to become a certified public accountant. To accomplish this, he must be certified by the ________ in which he plans to provide accounting services.
Answers
He must be certified by the state in which he plans to provide accounting services.
For a person or an individual to have the license to operate as a certified public accountant such person must be certified by the state in which he or she plans to render accounting service to.
In order to be a certified or qualified public accountant all the necessary requirement must be meant by the person.
The person must sit for the CPA examination and must pass the certified public accountant examination before being certified to operate as one by the state.
Inconclusion he must be certified by the state in which he plans to provide accounting services.
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What is the name of the document that comes with your paycheck and
shows you what you were paid and how much was taken for taxes?
A Paystub.
B
Payline.
Pay Report
D
Pay Sheet
Just please
Answers
Answer:
A Paystub.
Explanation:
Paystub or payslip is the document that shows the amount that an employee earned in a particular month and the deductions made. Therefore, a paystub indicates the total earning or gross pay, the total deductions, and the net pay.
The paystub shows each earning and deduction on its line. In other words, the paystub show itemized details of all earnings and deductions.
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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The merging of national markets that have historically been distinct and separate is the process of.
Answers
It should be noted that merging of national markets that have historically been distinct and separate is the process of Globalization of Market.
What is Globalization of Market?
Globalization of Market can be regarded as the coming together of historically distinct as well as separate national markets making large space of market.
Therefore, Globalization of Market involves merging of national markets that have historically been distinct.
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The reconstruction finance corporation is similar to later new deal legislation in that both.
Answers
The Recovery Finance Corporation is similar to the later New Deal Act in that the government protected the economy by interfering with the private sector.
Providing liquidity to the banking system and restoring public confidence in it was the primary goal of the Recovery Finance Corporation (RFC), established during the Hoover administration. The banking system was under great pressure during the recession of 1929-1933
He asked Congress in his December 1931 establishment of the Reconstruction Finance Company. Banks, railways and other institutions can borrow money from society.
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When buying groceries, Suki swipes a card to electronically subtract money from her checking account to pay. She is essentially using cash, as the amount is immediately removed from her account. Which type of card is Suki using? A. a debit card B. a smart card C. a stored value card D. a gift card
Answers
Answer:
A. a debit card
Explanation:
a fixed-price contract is useful and appropriate when
Answers
Suppose the Canadian government has decided to place an excise (or sales) tax of $20 per tire on producers of automobile tires. Previously, there was no excise tax on automobile tires. As a result of the excise tax, producers of tires, such as Bridgestone and Michelin, are going to alter their tire prices. The graph illustrates the demand and supply curves for automobile tires before the excise tax. 1. Please shift the appropriate curve(s) on the graph to demonstrate the new equilibrium.
Answers
When the Canadian government imposes an excise tax of $20 per tire on producers of automobile tires, it will lead to changes in the tire prices set by manufacturers like Bridgestone and Michelin.
The excise tax is a per-unit tax imposed on the producers, which means they will bear the burden of the tax.
In response to the excise tax, tire producers are likely to adjust their prices to pass on a portion or the full amount of the tax to consumers. This means that the prices of automobile tires will increase. The extent to which the prices will rise depends on various factors, including the market competitiveness, elasticity of demand, and the willingness of producers to absorb some of the tax burden.
It's important to note that the full impact of the tax may not be immediately passed on to consumers. Producers may choose to absorb a portion of the tax in order to remain competitive in the market. However, over time, it is expected that the tax burden will be transferred to consumers through higher tire prices.
The specific price adjustments made by Bridgestone, Michelin, and other tire producers will depend on their individual cost structures, market strategies, and the level of competition in the tire market.
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In a market economy, who decides what goods and services will be produced?.
Answers
In a market economy, the person who decides what goods and services will be produced is: Producer or manufacturer.
Who is a producer?A producer is someone who produce or manufactures good and service in which they in turn supplies those goods they produce for sales.
In a market economy, the producer is the person who decide the types of products or goods and service that will be produced.
Producer also has the right to:
Decide on the amount of goods to produce.Decide on the amount to charge their customers etc.Inconclusion in a market economy, the person who decides what goods and services will be produced is: Producer or manufacturer.
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An example of a double coincidence of wants is: O a car mechanic who wants a TV finding an owner of an electronics store who wants O a car repaired. a car dealer who wants a TV finding an electronics store owner who wants money. O an electronics store owner who wants car repairs finding a car mechanic who wants money. O a car dealer who wants a new employee finding a car mechanic who wants money.
Answers
An example of a double coincidence of wants is: a car mechanic who wants a TV finding an owner of an electronics store who wants a car repaired. The correct option is A.
A double coincidence of wants occurs when two parties each hold an item or service that the other party desires. In this example, the car mechanic wants a TV, while the owner of an electronics store wants a car repaired.
Both parties have something that the other person needs, so they can engage in a mutually beneficial barter transaction without using money as an intermediary. This scenario demonstrates the concept of a double coincidence of wants, where both parties can satisfy their needs through an exchange of goods or services.
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Complete question:
An example of a double coincidence of wants is:
a. a car mechanic who wants a TV finding an owner of an electronics store who wants a car repaired.
b. a car dealer who wants a TV finding an electronics store owner who wants money.
c. an electronics store owner who wants car repairs finding a car mechanic who wants money.
d. a car dealer who wants a new employee finding a car mechanic who wants money.
in cochabamba, bolivia, the informal economy is a small but important sector of the overall economy.
Answers
It is False that in Cochabamba, Bolivia, the informal economy is a small but important sector of the overall economy.
This is because the informal economy in Cochabamba is widespread in the street.
However, because they don't pay taxes or report earnings, it is hard to conclude that it is an important sector of the overall economy.
Also, since the statistics of the informal economy of Cochabamba do not reflect on the Bolivia general economy, the statement is considered False,
Hence, in this case, it is concluded that the correct answer is False.
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The federal reserve can affect you through
Answers
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.
what is the difference between the FBI and the CIA
Answers
Answer:
The CIA (Central Intelligence Agency) mostly operates outside the United States to gather intelligence via a network of spies whereas the FBI (Federal Bureau of Investigation) predominantly operates within the U.S. to both gather intelligence as well as tackle federal crimes.
Explanation:
How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
Answers
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.
Answers
Answer:
The answer is A. It will provide consumers with more choice at lower prices.
Explanation:
Option (a), which will give customers more choices at a reduced cost, is the best choice.
What is a likely outcome of an increase in international trade?Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.
Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.
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Check all of the following that are correct that can have a single owner ? MARK YOU THE BRAINLIEST!
Answers
The establishment/items that can ave a single owner includes:
Sole proprietorshipPrivate corporationNon-profit corporationWhat is a single owner?This refers to any form of establishment that can be owned and operated by a natural person.
Therefore, in the list, the Sole proprietorship, Private corporation and Non-profit corporation are establishment that can have a single owner.
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Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answers
Answer: Rumors
Explanation: i had this topic last year
select the true statement about the relationship between law, ethics, and business. a.) our laws express the minimums of socially-desired ethical business conduct. b.) our laws ensure moral excellence in business. c.) our laws specifically express the desired ethical conduct in business. d.) our laws have nothing to do with ethical business behavior.
Answers
A.) our laws express the minimums of socially-desired ethical business conduct is true about the relationship between law, ethics, and business.
An enterprise is described as an organization or enterprising entity engaged in industrial, industrial, or professional sports. businesses may be for-income entities or non-profit businesses. enterprise kinds variety from confined liability groups to sole proprietorships, businesses, and partnerships.
The exact business describes businesses which have broadened the definition of fulfillment past the bottom line to include the impact the organisation has on all constituents, their groups, or even the world. In different words, it's far an outward recognition.
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five years ago, cleanenergy corporation issued an 12% coupon per year (paid semi-annually), 25-year, aa-rated bond at its par value of $1000. currently, the annual yield to maturity (apr) on these bonds is 10%. what is the current price per bond?
Answers
The current price per bond is $12,732.95.
To calculate the current price of the bond, we need to calculate its present value, which is the value of all the future coupon payments and the return of the par value, discounted by the yield to maturity.
First, let's calculate the semi-annual coupon payment: \($1000 * 12% = $120\)
Next, we need to find the present value of each coupon payment and the return of the par value. To do this, we need to know the semi-annual discount factor, which is calculated as follows:
\(discount factor = 1 / (1 + yield to maturity / 2)^(number of periods)\)
where the number of periods is the number of semi-annual periods in the bond's life, which is 25 years * 2 = 50.
discount factor =\(1 / (1 + 10% / 2)^50 = 0.486\)
The present value of each coupon payment is the coupon payment divided by the discount factor: $120 / 0.486 = $246.41
And the present value of the return of the par value is the par value divided by the discount factor: $1000 / 0.486 = $2049.59
Finally, we add up the present value of all 50 semi-annual coupon payments and the present value of the return of the par value to get the current price of the bond: \($246.41 * 50 + $2049.59 = $12,732.95\)
So, the current price per bond is $12,732.95.
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The modified duration of a par value bond with a coupon rate of 10 nd a remaining time to maturity of 4 years is:____.
Answers
In this question, we have used the formula for calculating the Modified Duration of a bond and explained the steps involved.
The modified duration of a par value bond with a coupon rate of 10% and a remaining time to maturity of 4 years can be calculated using the formula:
Modified duration = Macaulay duration / (1 + YTM)
1. Calculate the Macaulay duration:
The Macaulay duration represents the weighted average time to receive the bond's cash flows. It is calculated by multiplying each cash flow by the time it is received and dividing the sum by the bond's current price.
In this case, the bond has a par value, which means the current price is equal to the par value. Therefore, the Macaulay duration is simply the average time until the bond's cash flows are received.
2. Calculate the yield to maturity (YTM):
The yield to maturity is the rate of return an investor would earn if they hold the bond until maturity. Since the coupon rate is 10%, and the bond is selling at par, the YTM is also 10%.
3. Calculate the modified duration:
Using the formula mentioned earlier, we can calculate the modified duration by dividing the Macaulay duration by (1 + YTM).
Modified duration = 4 years / (1 + 0.10)
Modified duration = 4 years / 1.10
Modified duration ≈ 3.64 years
Therefore, the modified duration of the par value bond with a coupon rate of 10% and a remaining time to maturity of 4 years is approximately 3.64 years.
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What is the main advantage for businesses that participate in the globalized market?
A. A greater number of potential customers
B. Avoiding paying taxes on international transactions
C. Decreased amount of competition
D. More complex legal requirements
Answers
The main advantage for businesses that participate in the globalized market is that they found a greater number of potential customers. Hence, Option A is correct.
What is the globalized market?
The term "globalized market" is a combination of two different terms: global and market. The market is a place where customers and buyers both meet, along with the sellers of a product, each for the requirements and needs of a person.
In the case of globalization in the international market, when a person enters the globalized market, there are various facilities and various advantages that a person has to deal with when entering to the next level.
When a person and their business participate in a global market, they find various potential customers.
Thus, Option A is correct.
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Answer:
a
Explanation:
a greater number for potential customers
it was correct on my test
True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
Answers
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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Tristen, who is from Poland, is told by one of his coworkers that he is left out of conversations because he will not understand American phrases. This is an example of
a ethnic discrimination
b LGBTQ discrimination
c racial discrimination
d religious discrimination
Answers
Answer:
a
Explanation:
we arent told any other details apart from that he is from Polish, so it's the logical answer
Answer: A
Explanation:
Ethnic discrimination, the behavioral manifestation of racism, is defined as "unfair, differential treatment on the basis of race or ethnicity