<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
Answer:
They have work that is characterized by fragmentation, brevity, and variety.
Explanation:
Hentry Mintzberg, a famous American non-fiction author, wrote in one of his books on management about the roles of managers. In it, he described their work as being fragmented, short, and varied.
Fragmented means that they often have to stop what they're doing in order to jump into something else that may be more urgent. Brevity refers to the fact that they usually do things quickly because of how many obligations they have. Variety refers to the various types of work they have to perform within their obligations.
Market efficiency is achieved with perfect price discrimination because what would have been dead-weight loss is converted into consumer and producer surplus through perfect price discrimination.
For the market, efficiency is achieved because the dead-weight loss is converted into producer and consumer surpluses, with enormous benefits to the society.
Thus, perfect price discrimination achieves allocation efficiency for both the producer and the consumer (or the society as a whole).
Learn more about market efficiency and price discrimination here: brainly.com/question/10234084
Answer: a) increases expenses and lowers taxes.
Explanation:
Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.
It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.
Answer:
The correct answer is (a)
Explanation:
According to the federal laws earnings from awards or prizes, earning from commission and income form bonus or tips are not exempted from the federal income tax. Likewise, interest earned from state bonds is exempted from federal income tax. IRS the internal revenue service interest in government or federal obligations are not considered for deduction of federal income tax.
