Transportation Inc. incurred rent expense of $89,000 during the year on a large warehouse. During that same period, prepaid rent increased by $36,000. How much cash did Transportation pay for rent during the year

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?

Brody and tanya recently sold some land they owned for $150,000. they received the land five years ago as a wedding gift from brody's aunt jeanette. she had already given them cash equal to the annual exclusion during that year. aunt jeanette purchased the land many years ago when the property was worth $20,000. at the time of the gift, the property was worth $100,000 and aunt jeanette paid $47,000 in gift tax. what is the long term capital gain on the sale of the property

Acme foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. a sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier. on average, sample consumers reliably say the new chip is saltier when its saltiness value is 108, but not when its saltiness value is below 108. assuming acme foods' sample consumers are representative of people in general, which of the following best represents the just noticeable difference for saltiness? a. 8% b. 108 c. 80% d. 100