To adjust for Rent Receivable:
Sanborn Company has a tenant paying $3,100 monthly for renting space. The tenant has outstanding rent for November and December, which results in a total Rent Receivable on December 31 of (3100*2) = $6,200
Consequently, the adjusting entry on December 31 should be recorded as follows:
Rent Receivable Debit $6,200
Rent Revenue Credit $6,200
(Reflecting adjustment for rent receivable)
Response:
Labor Efficiency Variance: $2,090 Favorable
Clarification:
Based on the information provided, the calculation for labor efficiency variance for July is outlined below:-
Labor efficiency variance = Standard rate × (Standard hours - Actual hours)
= $11 × ((0.7 × 3,000) - 1,910)
= $11 × 190
= $2,090 Favorable
Hence, to compute the labor efficiency variance for July, we adhered to the aforementioned formula.
The optimal approach for Karan to take is:
D.
to inform the employees that their emails will be subject to monitoring
Explanation:
Oversight of employees' social media interactions straddles ethical considerations, thus it’s important to establish a best practice that aligns with the organization’s culture.
Workers should be made aware of the monitoring so they comprehend that it will occur.
Subsequently, checks can be conducted randomly or based on perceived trustworthiness.
Cathy's clientele consists of two-thirds residential customers and one-third business customers, with 350 residential customers in total.
Determine:
The overall number of customers
Solution:
Considering 350 represents two-thirds of the total customers, divide 350 by 2 to get 175, which equals one-third of the customer base.
175 × 3 = 525
<span>Thus, the total customer count is 525.</span>