Windsor, inc. received a check for $15480 on july 1, which represents a 6-month advance payment of rent on a building it rents to a client. unearned rent revenue was increased for the full $15480. financial statements will be prepared on july 31. windsor's should make the following adjustment on july 31:
a. debit unearned rent revenue, $2,500; credit rent revenue, $2,500.
b. debit rent revenue, $2,500; credit unearned rent revenue, $2,500.
c. debit unearned rent revenue, $15,000; credit rent revenue, $15,000.
d. debit cash, $15,000; credit rent revenue, $15,000.

Why is efficiency an important economic goal?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.