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2 years ago

Utility costs that relate to current year's operations but are not paid until the following year require:______

Business

1 answer:

motikmotik2 years ago

3 0

Utility costs that relate to current year's operations but are not paid until the following year require:

a debit to Utilities Expense
a credit to Utilities Payable

<h3>What happens when expenses are not paid?</h3>

Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.

This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.

Options for this question:

(Select all that apply.)

a debit to Prepaid Expense - Utilities
a debit to Utilities Expense
no journal entry
a credit to Utilities Payable
a credit to Cash

Find out more on recording expense payables at brainly.com/question/16781277

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___________is an example of a consumer-to-consumer (C2C) e-marketplace.

Over [174]

Answer:

the correct answer is b. A person posts information about furniture he wishes to sell on eBay and sells it to another individual who views that eBay page.

Explanation:

C2C or customer to customer refers to exchanges and transactions carried out between consumers, customers and individuals without the involvement of businesses and the government.

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3 years ago

Read 2 more answers

Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium? it needs to be increased. it ne

Juli2301 [7.4K]

The rate suggested via the means of p2 on the graph to gain equilibrium needs to be decreased.

<h3>What is equilibrium?</h3>

Equilibrium is the nation wherein the marketplace delivers and calls for stability from each other, and as a result, costs grow to be stable.

Generally, an over-deliver of products or offerings causes costs to head down, which leads to better call for—while an under-deliver or scarcity of products causes costs to head up, resulting in much less call for.

The balancing impact of delivery and call for outcomes in a nation of equilibrium. The equilibrium rate is the rate at which the delivery of products fits the call for.

When a primary index studies a length of consolidation or sideways momentum, it could be stated that the forces of delivery and call for are tremendously the same and the marketplace is in a state of equilibrium.

So, from the above statement, it is clear that, it needs to be decreased, is the right answer.

Learn more about Equilibrium, refer to:

brainly.com/question/13458865

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2 years ago

Any agreement should, as a part of the services provided, allow your organization to __________ your disaster recovery plan. Sel

eimsori [14]

Answer:

The correct answer is A. Test.

Explanation:

A test is different from an experiment: Before performing a test, there is an expected result. The test is performed to show this result. In an experiment, the result is open. Very often, tests are performed as part of an experiment.

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4 years ago

In the usual ______________ procedure, parties select a disinterested and informed party or parties to serve as a referee to det

Fudgin [204]

Answer: Arbitration

Explanation:

The arbitration procedure is one of the type of private processing method that is used for resolve the various types of disputes in the court after hearing all the evidences and the reasoning.

The arbitration is one of the procedure that makes various types of decisions and the dispute is majorly submit by the parties in the form of agreement.

According to the given question, the arbitration procedure basically determining the different merit according to the case and then make their judgement.

Therefore, Arbitration is the correct answer.

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4 years ago

The total payroll of trolley company for the month of october was 960000 of which 180000 represented amounts paid to certain emp

vivado [14]

Answer:

$68,760

Explanation:

The computation of the payroll expense is shown below:

FICA taxes ($960,000 - $180,000) × (7.65% - 1.45%) $48,360

Medicare ($960,000 × 1.45%) $13,920

State unemployment tax {($960,000 - $600,000) × 1%} $3,600

Federal unemployment tax {($960,000 - $600,000) × 0.80%} $2,880

Total $68,760

6 0

3 years ago