Answer:
1.
Debit Credit
Prepaid Rent $22,800
Cash $22,800
2.
Debit Credit
Rent expense(22,800*3/12) $5,700
Prepaid Rent $5,700
3.
Prepaid rent=22,800-5,700=$17,100
Rent expense=$5,700
Explanation:
1.
On October 1, , the following journal entry will be recorded in respect of the advance rent paid by the Hoosiers for one year of rent space at local mall:
Debit Credit
Prepaid Rent $22,800
Cash $22,800
2.
The year end given in this question is December 31 and the prepaid rent is paid for one year and since the rent is paid on October 1, therefore, only expense in respect of 3 months i.e. from October to the December will be recognised in this year in respect of rent expense. Remaining expense of nine months will be recognised in the next year.
The following adjusting Journal entry will be recorded in respect of rent expense in accounts on December 31.
Debit Credit
Rent expense(22,800*3/12) $5,700
Prepaid Rent $5,700
3. The year end adjusting balance of prepaid rent and rent expense will be calculated as
Prepaid rent=22,800-5,700=$17,100
Rent expense=$5,700
Answer:
B) merit-based
Explanation:
The merit based in the plan that depends upon the performance of the employees in an annual year. It could be analyzed by the supervisor or the team leader who motivates him, guides him to accomplish the company objective.
Therefore according to the given situation, option B is correct
And all other options are wrong
Answer:
The correct answer is option B.
Explanation:
Cathy spends all of her income on 20 units of good X and 25 units of good Y.
Cathy's marginal utility from the 20th unit of good X is 9 utils, and her marginal utility from the 25th unit of good Y is 17 utils.
The price of good X is $0.50 per unit and the price of good Y is $1.00 per unit.
The total utility from consumption of both the goods will be maximized when the ratio of the marginal utility derived and price of the good is equal for both the goods.
The ratio for good X
= 
= 18
The ratio for good Y
= 
= 17
Since the ratio is greater for good X, it means that Cathy should consume less of good X and more of good Y to increase total utility.
Answer: A negative referral.
Explanation: Veronica has given a negative report of the laptop she bought from local salesperson to her family and friends therefore a negative referral has been given about the salesperson, which would discourage the family and friends from buying things from that local salesperson in the future.
