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2 years ago

Prepaid expenses are eventually expected to become.

Business

1 answer:

emmainna [20.7K]2 years ago

5 0

Answer:

Free for the next (for example) month until the time the time is due, considering you paid for 2 months rent in the midst of one.

Explanation:

trust

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Earlier, it was noted that you might be in the position where your firm is contemplating a layoff, though employees are not awar

ch4aika [34]

This is a risk-reward situation. If you are more about morality and ethics you could tell her before hand, but risk your job at hand. Or you could keep to yourself for your own best. I would suggest her the job without including the layoff, as it keeps you under safe ground and if she takes the other job, automatically removes one potential person to be laid off. This would increase your chances of keeping your job rather than being fired or laid off. The risks professionally would be your own job at risk, and personally your own morals/ethics.

3 0

4 years ago

Inventory records for Dunbar Incorporated revealed the following:Date Transaction Number of units Unit CostApr. 1 Beginning inve

finlep [7]

Answer:

Explanation:

1. Calculate ending inventory Rate per unit Total cost

number of units ($) ($)

Beg bal (April1) 450 2.19 985.50

Add:purchases

April 20 410 2.69 1102.90

-----------------------------------------------------------------------------

Total goods

av for sale 860 2088.40

Less: Sales:

During April 590

--------------------------------

Ending inventory 270

2. Cost of ending inventory = 270*2.19=$591.3

7 0

3 years ago

You purchased 500 shares in a mutual fund for $32 NAV. You elected the dividend reinvestment plan and had all dividend and capit

zloy xaker [14]

Answer:

Return on investment = 50%

Explanation:

Return on Investment is the proportion of investment cost that an investor earns as as return in dollar

For a mutual fund= total return in dollar/investment cost

= (48-32)× 500/(500× 32) × 100

=50%

<em>Note that the gains in dollar is the difference between the selling price at the end and the selling price at the beginnin</em>g.

8 0

3 years ago

Charleston, Inc. has Accounts Receivable of $170,000 and an Allowance for Doubtful Accounts of $11,000. If it writes-off a custo

Romashka [77]

Answer:

$159,000

Explanation:

The double entry to record the writes off balances which are the bad debts of Customers who will not pay the debt, will include debit to allowance which is decrease in the allowance and credit to accounts receivable which is also a decrease to accounts receivable:

Dr Allowance for doubtful account $1,100

Cr Accounts Receivable $1,100

Similarly the increase in Allowance for Doubtful Accounts of $11,000 will be treated totally opposite of the decrease in Allowance for Doubtful Accounts above:

Dr Accounts Receivable $11,000

Cr Allowance for doubtful account $11,000

Now, the increase in allowance is deducted from opening accounts receivables and vice versa. The treatment is given below:

Opening balance of Accounts receivables $170,000

Accounts Receivable ($1,100)

Allowance for Doubtful Debt ($11,000 - $1,100) <u> $9,900 </u>

Accounts Receivable (Net) $159,000

5 0

3 years ago

A depositor places $10,000 in cash in a commercial bank, where the required reserve ratio is 10 percent. The bank sends the $10,

garik1379 [7]

Answer:

C) $10,000, $1,000, and $9,000, respectively.

actual reserves increase by $10,000
required reserves increase by $1,000
excess reserves increase by $9,000

Explanation:

the money deposited by the client = $10,000

bank's reserve ratio is 10% = $10,000 x 10% = $1,000

since the bank kept the whole $10,000 as reserves, then:

actual reserves increase by $10,000
required reserves increase by $1,000
excess reserves increase by $9,000

The bank is only required to keep $1,000 in reserves, this means it can borrow the remaining $9,000 whenever they want.

7 0

3 years ago