Answer: $324,000
Explanation:
Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.
The rent will therefore have to be apportioned to the months that it has paid for in the current period.
Rent for year = $432,000
Rent for month = 432,000/12 = $36,000
April - December = 9 months
Rent for the year = 9 * 36,000
= $324,000
Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>
Merchandise Inventory account includes the cost of goods purchased, shipping and handling costs, transit insurance, and storage costs
Explanation:
<u>Merchandise inventory is the finished goods held for resale to customers. </u>
<u>Merchandise Inventory includes all goods owned by a company and held for sale.</u>
A Merchandise Company:
- Earns its net income by buying and selling merchandise
- It can also buy products from manufacturers and sell it to retailers
- It can also buy products from manufacturers and sell them to customers
- can be a wholesaler or a retailer
Merchandise Inventory is referred to as current asset
Merchandise Inventory account includes the cost of goods purchased, shipping and handling costs, transit insurance, and storage costs
Answer:
Food-service management
Explanation:
The International Council On Hotel, Restaurant & Institutional Education (I-CHRIE) was founded in 1946 as a non-profit organization for schools offering programs in hotel and restaurant management, food service management and culinary arts.
Hence, Lionel haven joined the International Council on Hotel, Restaurant and Institutional Education for career guidance is aspiring for a profession in hospitality or food-service management.
Answer:
1. The average net pay per month increase is $49.
2. The average net pay increase per month is 2.3%.
This question asks us to compare the pay increase to inflation rate.
In order to make this comparison, we need to first determine the average monthly pay increase in dollars.
We calculate that by:
Next we determine the rate at which the monthly average increased.
We use the following formula to calculate this:
Percentage increase in net pay per month is 2.3%.
We then compare the increase in pay per month to the inflation rate.
If the increase is pay is equal to or greater than the inflation rate, the pay is keeping pace with the cost of living. If the pay rise is less than the inflation rate, the pay is not keeping pace with the cost of living.
Answer: The correct answer is "Hard Disk Arrays".
Explanation: Hard disk arrays are arrays capable of dividing and replicating data between multiple physical (tangible) drives and include spare disks which enable increased performance and redundancy.
This type of technology is generally implemented with the use of redundant arrays of independent disk schemes that are almost always done through hardware disk array controllers.
