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2 years ago

Initially a prepayment for items such as rent or insurance are recorded as assets and later are recorded as a(n):________

1 answer:

3 0

Initially a prepayment for items such as rent or insurance are recorded as assets and later are recorded as a in the period the benefit expires.

<h3>What Justifies Prepaid Expenses as Assets?</h3>

Because they are payments made in advance by a company in exchange for future delivery of products or services, prepaid expenses are seen as current assets. Typically, prepaid expenses involve the acquisition of an item that will benefit the organization over a number of accounting periods, such as rent or insurance (often six months or a year). Due to the fact that it indicates a future benefit owed to the company, the business records prepaid expenses as assets on the balance sheet. Amounts are expensed to the income statement as the asset's value declines over time as the benefits of the good or service are realized.

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Martin works as a pizza delivery person. He parks his bike outside Regalia Inc. To deliver an order. Meanwhile, a damaged book r

serg [7]

Answer:

Martin works as a pizza delivery person. He parks his bike outside Regalia Inc. To deliver an order. Meanwhile, a damaged book rack in Regalia, which is situated on the first floor of the building, falls down through an open window and crashes on his bike. However, no one admits to having seen the rack fall. Can Martin recover against Regalia for negligence?

It is a dicey situation, if Regalia Inc has a parking lots and Martin did not use it rather he just parked at his convenience, then no one will be responsible for such but if he parked at allotted space for bikes and such occurrence happened then Regalia inc will bear the cost and pay for damages.

Explanation:

6 0

3 years ago

Letters of credit are popular among traders because the risk of non shipment are assumed by ________

AURORKA [14]

Letters of credit are popular among traders because the risk of non-shipment is assumed by <u>blanks.</u>

<u></u>

A trader is a character who engages in shopping for and promoting monetary belongings in any financial marketplace, either for themself or on behalf of every other individual or organization. the principle difference between a dealer and an investor is the period for which the character holds the asset.

Traders are accountable for making costs and executing trades in equities, bonds, commodities, and foreign exchange, generally dealing on behalf of, or for the advantage of, investment banks.

Buying and selling turned into the main facility of prehistoric humans, who exchanged items and offerings from very different in the present economy earlier than the innovation of contemporary-day currency. Peter Watson dates the records of long-distance trade from c. one hundred fifty,000 years in the past.

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4 0

2 years ago

The operating cost for a pulverized coal cyclone furnace is expected to be $80,000 per year. The steam produced will be needed f

pishuonlain [190]

Answer:

$101,104

Explanation:

Calculation for the equivalent annual worth

Using this formula

Equivalent annual worth=Operating cost(A/P,i,n)+ Operating cost

Let plug in the formula

Equivalent annual worth=80,000(A/P,10%,5) + 80,000

Using financial calculator (A/P,10%,5) will give us (0.26380)

Hence,

Equivalent annual worth=80,000(0.26380) + 80,000

Equivalent annual worth=$21,104+$80,000

Equivalent annual worth== $101,104

Therefore the Equivalent annual worth will be $101,104

5 0

3 years ago

Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to t

amid [387]

The two plane tickets represent a scarce resource because there are three of them who are going to Philadelphia and it needs three tickets to fly over there. The available resources that they have are not enough for them to realize their desire to watch the show in that place.

7 0

3 years ago

This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t

Serjik [45]

Answer:

1) Megabus may be a terribly late mover in U.S.A. intercity bus market. There have been few firms like hound that tried and failing within the past. However, Megabus has educate from the errors of hound, the corporate, WHO marched for an insolvency within the middle 90's. Hound lost its trade because of poorly continued bus stations, high charges and insecure circumstances. But, megabus has erudite from Greyhound's faults, and strained to not repeat those errors. Therefore, Megabus has underway the bus facilities that had price minimum as $1, free Wi-Fi, control retailers, comfy seating and trendy buses.

Megabus has been ready to supply this low as a result of, the primary issue it did was to remove the acquisition windows for price ticket getting, and sold tickets on-line solely, that resulted in removing expensive station operations. Instead it born off and selected up the customers from the side-way stops like communal bus operatives. This was one amongst the largest pros and also the biggest amendment it transported forth.

Few Drawbacks besides the on top of realities are that the floating gas costs might have an effect on the portable and low tariffs might disturb the incomes if satisfactory range of customers don't take the trips.

2) Yes, Megabus has support from United Kingdom. It’s supported by additional largest conveyance firm in United Kingdom, "Stagecoach group". This cluster services quite eighteen thousand individuals, and is alleged to be one amongst the highest 250 companies in United Kingdom.

The competences Megabus service incorporates a capability to eliminate virtually twenty four thousand automotive emissions creating the corporate pay less on fuel price and reduce within the unharness of carbonic acid gas.

3) As a university student, I might like Megabus owing to the benefits it holds - Low tariffs supports ME to avoid wasting cash on conveyance, free Wi-Fi supports ME to check even whereas traveling, Opening to control my device, will create range of friends throughout the travel, and last of all, have a deliberately smart sensation that am not a district of contaminating the atmosphere.

4 0

3 years ago