How much is the rent expense incurred for the year

Assignment Help Accounting Basics
Reference no: EM133002631

Problem - On Jan. 2021, a P120,000 check was paid for rental expense of twenty- four months. The amount was recorded in the rent expense account. How much is the rent expense incurred for the year ended Dec. 31, 2021?

Reference no: EM133002631

Questions Cloud

What is annualized hpr before-tax if reinvests the interest : What is annualized HPR before-tax if she reinvests the interest income? April receives $50 every six months in interest income from her bond investment.
What is your estimate of the share beta : If there were NO unsystematic risk factors affecting the share on that day, what is your estimate of the share's beta
What is incremental effecton net income if division dropped : If this division is eliminated, $70,000 of the fixed expenses will be allocated. What is the incremental effecton net income if the division is dropped?
Calculate the days sales in receivables : Question - Candle Shop, Inc. has net sales on account of $1,500,000. The average net accounts receivable are $640,000. Calculate the days sales in receivable
How much is the rent expense incurred for the year : On Jan. 2021, a P120,000 check was paid for rental expense of twenty- four months. How much is the rent expense incurred for the year
Prepare a commentary of boeing management for the firm : Prepare a commentary, critique, and assessment of your Boeing's management for the firm's Board of Directors as of 12/31/2020.
What is the npv of the investment for muncy inc : Muncy, Inc., is looking to add a new machine at a cost of $4,133,250. If the appropriate discount rate is 15 percent, what is the NPV of this investment?
How much should be treated as an asset : On 1 March 2021, ABC Ltd paid $12,000 for a 12-month magazine subscription fee. How much should be treated as an asset (prepaid subscription)
Determine the dividends per share on each class of stock : During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; Determine the dividends per share

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd