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Elina [12.6K]
1 year ago
6

What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet? (c

heck all that apply.)
Business
1 answer:
vredina [299]1 year ago
7 0

A liability (such as salaries payable) will be increased. Expenses are increased. Net income is reduced.

<h3>What is liability?</h3>

What a person or business owes is known as a liability, and the amount owed is typically monetary. The transmission of economic rewards, such as money, products, or services, settles liabilities over time. Having to pay anything to someone else under the law is known as having a liability. To pay for a business's continuous operations, liabilities are incurred. Accounts payable, accumulated costs, owed wages, and owed taxes are a few examples of liabilities.

What your business has that has the potential to generate future financial benefits are its assets.

What you owe other people is your liability. To put it simply, assets increase your financial security while liabilities decrease it.

Obligations aren't always a terrible thing. Some loans are taken out to buy new equipment, such as machinery or automobiles, which aids small businesses in running and expanding.

To learn more about liability visit:

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Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that do
trasher [3.6K]

Answer: .The correct answer is a). the case is being heard for the first time.

Explanation: A court has original jurisdiction over a case when a case is being heard for the first time.

This cases are heard directly without any intermediary or appellate review.

8 0
3 years ago
Read 2 more answers
One key planning factor for pandemic influenzas will be:
Nesterboy [21]

Answer:

Option B is correct one.

Explanation:

One key planning factor for pandemic influenzas will be <u>Protecting public health employees is important.</u>

This is due to the fact that the public health workers are the front-line soldiers in a pandemic situation so they must be protected in order to eradicate the pandemic from the society.

8 0
3 years ago
Levitt promoted the idea that the success of companies like McDonald's and Coca-Cola that sell essentially the same products eve
Ksivusya [100]

Answer:

Globalization of markets and brands

Correct option A

Explanation:

Globalization has enabled firms to specialize and to increase the intensity of R&D, innovation and capital in their output.

Globalization has made it easier for new companies to start competing with old companies.

Globalization has made companies to increased the number of people that it employs, both through exports and imports.

4 0
3 years ago
A graduated commission employee makes 3. 5% interest on the first $50,000 in sales and 6. 5% interest on all sales over $50,000.
Harman [31]

The correct form of expression to express the context earning on the sales of the products is  (0. 035)(50,000) (0. 065)(81,500).

The context is about a graduate who earns on the basis of commission on the fixed amount of stock. On the sale of the first $ 50,000, he is getting 3.5% and the sales above $50,000 he is getting a commission of 6.5%.

Thus, the rate of 3.5% will be multiplied with the sales of %50,000, and the rate of 6.5% will be multiplied by the number of sales above $50,000 that is $81,500.

Therefore, the correct option is a.

To know more about the expressions that express the total earning of the employee, refer to the link below:

brainly.com/question/2337923

8 0
2 years ago
_____________ measures how changes in price affect the quantity of product demanded.
Margaret [11]

Price elasticity of demand measures how changes in price affect the quantity of product demanded. A good or service's price elasticity of demand is calculated by dividing percentage change in the amount sought by percentage change in the price.

The ratio of the percentage change in quantity supplied to the percentage change in price is  price elasticity of supply. A good or service's price elasticity of demand is calculated by dividing percentage change in  amount sought by the percentage change in price.

The ratio of percentage change in quantity supplied to percentage change in price is  price elasticity of supply.

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5 0
2 years ago
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