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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:

brainly.com/question/18484315

#SPJ4

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Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of whic
BartSMP [9]

Answer:

$1,032

Explanation:

Calculation to determine What monthly rent must she charge for each apartment to break even

First step is to calculate the Monthly costs using this formula

Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs

Let plug in the formula

Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]

Monthly costs= $1,510 + 192+ 121 + 241

Monthly costs= $2,064

Now let calculate the Break-even monthly rent per apartment

Using this formula

Break-even monthly rent per apartment = Monthly costs / 2

Let plug in the formula

Break-even monthly rent per apartment = $2,064 / 2

Break-even monthly rent per apartment = $1,032

Therefore What monthly rent must she charge for each apartment to break even will be $1,032

3 0
3 years ago
The _____________ define(s) what the system does.
labwork [276]
1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics
6 0
3 years ago
What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the
const2013 [10]

Answer:

$315,198

Explanation:

WACC = [ Equity / Total value ] * cost of equity + [ Debt / Total value ] * Cost of debt.

WACC = 11.5%

Exit multiple = Total cash outflow / Total cash inflow

Exit multiple = $120,000 / 36,000 = 3.3x

EBITDA of the company is $178,412.

5 0
3 years ago
Your friend Kayla calls you and says "Don’t open the email you received from my email account! Something is wrong with my comput
Viefleur [7K]

Answer: spoofing or phishing

Explanation: Spoofing is the act of concealing, as a known, reliable source, a communication from an anonymous source.Spoofing can be extended to emails, phone calls, and websites, or may be more sophisticated, such as an IP address spoofing device, Address Resolution Protocol (ARP) or Domain Name System (DNS) server.

Fraudulent sending of emails by reputable companies to force individuals to reveal personal information, such as passwords and credit card numbers.

Hence from the above we can conclude that the given case relates to spoofing or phishing.

6 0
3 years ago
Tha tabacoo compaines have paid billions because of smoking.a. Trueb. False
Alexxx [7]

Answer:

a. True

Explanation:

As per the data collected as on April 15, 2019 which reflects the tax day in the united states. On this date, the five greatest companies who deals in tobacco  pay $9 billion to the state governments each and every year to settle out the legal proceeding for the year 1998 in order to compensate the states for the tobacco-related cost illness like - cancer, heart disease, etc

Therefore according to the above information, the given statement is true

3 0
3 years ago
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