On July 1, Alpha, Inc. prepaid rent for a small equipment storage area. Alpha paid $20,000 to rent the area from July 1 through the end of the year. Provide the journal entry needed on July 1 when the payment is made. (Ignore explanation)
Assume the deferred expense is initially recorded as an asset.
What will be an ideal response
Prepaid Rent 20,000
Cash 20,000
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Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a price of 60,000 yen will cost
a. $60. b. $600. c. $6000. d. $5000.
Which of the following is true for direct product profitability analysis?
A) It is highly correlated with the gross margin on a product. B) It is negligible compared to the gross margin on a product. C) It bears little relation to the gross margin on a product. D) It is significantly lower than the gross margin on a product. E) It is exactly the same as the gross margin on a product.
______ is reasoning that takes a known idea or general principle and applies it to a situation.
Fill in the blank(s) with the appropriate word(s).
The mean of the Poisson distribution is equal to its standard deviation
Indicate whether the statement is true or false