What is the unearned rent as of December

Assignment Help Financial Accounting
Reference no: EM133061935

Question - On July 1, 2020, G Company leased a machinery from M Company. Total rent for one is payable as follows: July 1, 2020 - October 31, 2020, P40,000 per month; November 01 to February 28, 2021, P30,000 per month and March 01, 2021 to June 30, 2021, P20,000 per month, All payments were made at the beginning of the month. On the part of M Company, what is the unearned rent as of December 31, 2020?

Reference no: EM133061935

Questions Cloud

What type of costs are related to your daily lifestyle : What type of costs are related to your daily lifestyle? Example Transportation, grocery etc. Prepare a list of at least 20 types of expenses
Problem regarding stock valuation : Give an example problem regarding stock valuation where you are going to hold the stock. The solution must be in excel using sensitivity analysis.
Find forecasted sales growth : The management of Glenview Ltd. is preparing its budget for next year. Marketing expects sales to grow by 20% to $3.5 million. The company is operating at full
Challenges the intelligence community faces : Describe some of the challenges the intelligence community faces in supporting the Homeland Security Enterprise
What is the unearned rent as of December : All payments were made at the beginning of the month. On the part of M Company, what is the unearned rent as of December 31, 2020
Current earnings per share : Crestwood Ltd., a computer hardware company with sales of $28 million and a net profit margin of 6.5% is considering an expansion. Management estimates the expa
What is the rent expense for the year ended December : All payments were made at the beginning of the month. What is the rent expense for the year ended December 31, 2020
Death penalty as form of criminal punishment : Identify whether you are for, or against use of the death penalty as a form of criminal punishment.
Required rate of return on m stuck : AA Corporation's stock has a beta of 0.3. The risk-free rate is 4% and the expected return on the market is 12%. What is the required rate of return on M's stuc

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the present value of total expected future cash

IGT Limited estimated, Calculate the present value of the total expected future cash outflow. A government rate for bonds with similar terms is 12%.

  Compute what is the percentage return on the investment

Find what is the percentage return on the investment? An investor sells a stock short for $36 a share. A year later, investor covers the position at $42 share.

  Prepare journal entry to record the retirement of shares

Prepare Journal entry to record the retirement of the treasury shares, assuming the treasury shares are not reissued. The original issue price of treasury share

  Calculate the npv of the project

First and Ten Corporation's stock returns have a covariance with the market portfolio of .0421. The standard deviation of the returns on the market portfolio

  What is the value of its tax shields

Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. What is the per share value of Vandell to Hastings Corporation? What is the value of ..

  What is the initial value of company levered equity

What is the initial value of Company's levered equity? What is Company's total value with leverage? What is the initial value of Company's debt?

  Analyze the effect of errors on cost of goods sold

assuming that the errors were discovered after the 2011 financial statements were issued, analyze the effect of the errors on 2011 cost of goods sold, net income, and retained earnings.

  What is sales level in dollars required to equal income

If the company spends the additional $10,000 for advertising in 2011, what is the sales level in dollars required to equal 2010 operating income?

  Net income-how much is accounting rate of return

Edy's, Inc. wants to purchase of a new ice cream truck with a cost of $51,000. Edy's has a cost of capital of 7.4% and a required rate of return of 10.4%. Its income tax rate is 32%. The acquisition is proposed for January 1, 2011.

  The correct journal entry to record the merchandise return

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. The correct journal entry to record the purchase on July 5 is: A company purchased $..

  Determine the amount that newark ltd should recognise

Determine the amount that, in your judgement, Newark Ltd should recognise as a provision as at 30 June 2020. Justify the approach

  What is the current value of ABC

The current risk-free rate is 5% and the cost of equity if the company is 100% equity financed is 25%. What is the current value of ABC

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