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Jobisdone [24]
1 year ago
12

Wells technical institute (wti) provides training to individuals who pay tuition directly to the school. wti also offers trainin

g to groups in off-site locations. wti initially records prepaid expenses and unearned revenues in balance sheet accounts. its unadjusted trial balance as of december 31 follows, along with descriptions of items a through h that require adjusting entries on december 31.
Business
1 answer:
hodyreva [135]1 year ago
4 0

Wells Technical Institute's method of recording unearned revenues and prepaid expenses into its balance sheet accounts is known as an accrual method of accounting.

<h3>What is accrual method?</h3>

A method of accounting in which the payments and the receipts for a business are recorded in the books of accounts at the time they are due, but not yet received, is known as the accrual method of accounting.

Hence, the significance of accrual method is given above.

Learn more about accrual method here:

brainly.com/question/14868839

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Which value gap refers to a company’s failure to accurately assess what customers really want?
fiasKO [112]

Answer:

The correct answer is: Service Quality Gap.

Explanation:

The Service Quality Gap refers to the difference between what a company understands a customer's desires and what must be really done to satisfy that consumer. Firms should make all the efforts in their hands to close that breach and provide the customer with the good or service they need to keep their businesses going. When the gap is not closed, the customer's loyalty fails, pushing them to look for different options in other organizations.

5 0
3 years ago
Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 21 years. To assess the value of the
Sunny_sXe [5.5K]

Answer:

PV= $259.89 million

Explanation:

Giving the following information:

Future Value= $800 million

Number of periods= 21 years

Relevant discount rate= 5.5 percent

<u>To calculate the present value, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 800/1.055^21

PV= $259.89 million

5 0
3 years ago
In the past, I've mostly reported to easy-going managers with flexible work styles.
Sonbull [250]
<span>Work places with flexible working styles make the working conditions feel more at ease and can bring the best out of the workers. When those workers change positions and have to face new working conditions it can be very difficult to adjust. In the case of the context of the question, the interviewee was most likely telling the a human resource personnel about the working conditions of his or her previous place of work.</span>
5 0
3 years ago
Only old people who needs to know about Social Security
svet-max [94.6K]

Answer:

No

Explanation:

5 0
3 years ago
RealTurf is considering purchasing an automatic sprinkler system for its sod farm by borrowing the entire $50,000 purchase price
Jet001 [13]

Answer:

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the loan and interest are not included in the calculation

initial outlay = $50,000

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discount rate = 15%

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8 0
2 years ago
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