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emmasim [6.3K]
3 years ago
9

If accounts payable have increased during a period________-

Business
1 answer:
Nataly_w [17]3 years ago
4 0

Answer:

d.expenses on an accrual basis are greater than expenses on a cash basis.

Explanation:

Expenses are incurred on two basis namely;Cash basis and Accrual basis. When an expense is incurred and cash is paid, the entries posted are

Debit Expense (p/l)

Credit Cash account

When purchased and payment is yet to be made

Debit Expense (p/l)

Credit Accounts payable

when payment is made,

Debit Account payable

Credit Cash account

This results in a reduction in the accounts payable balance. As such, an increase in account payable is an increase in expense made on accrual basis.

The right option is d.expenses on an accrual basis are greater than expenses on a cash basis.

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Rocky Mountain Races, Inc., sponsors the "Pioneer Trail Ultramarathon," with an advertised first prize of $10,000. The rules req
BARSIC [14]

Generally, in situations such as this where one person enters into a competition with a company or corporation with an explicitly defined prize, this constitutes a unilateral contract. Unilateral contracts are defined by the offering of a reward for a specifically defined act, and this contract is accepted when the contractee completes the act. In this case, Rocky Mountain Races, Inc., and Monica did have a uniform contract. Furthermore, because Monica entered the race and was declared the winner, she fulfilled her end of the contract thus accepting the contract (and qualifying for the reward from the contractor). However, because Rocky Mountain Races, Inc., included a provision that they could change the terms of the race at any time, Monica isn't entitled to the $10,000 reward, she is entitled to whatever reward Rocky sees fit.

3 0
4 years ago
Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information
g100num [7]

A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45‬
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55‬
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:

53,589 / 0.05 = 1,071,780
3 0
3 years ago
The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
Elanso [62]

Answer:  Stratified random sampling

Explanation:

Given : The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company.

The best sampling strategy which we can use is stratified random sampling because it is not much costly and also it induces the efficiency . We can me different strata according to the 4 brands , then we can randomly select participants for the sample.

  • Stratified random sampling is a method of probability sampling in which a researcher divides the entire population into multiple homogeneous groups known as strata and then he randomly select an sample members from each strata for research .
4 0
3 years ago
Holly created a saving and investing plan over twelve years ago. She has not looked at it or made any changes to it. What saving
Tpy6a [65]
Continually reassess your plan. As part of the investment process and financial planning process, Holly should monitor and reassess her savings and investing plan annually to determine if her goals have changed and if she is meeting her goals through the plan's performance. 
4 0
3 years ago
The source document for the data for debiting Work in Process for direct materials is aa. purchase orderb. materials requisition
JulsSmile [24]

Answer:

The correct answer is letter "B": materials requisition.

Explanation:

Materials requisition is a form to request materials needed in the production process. Typically, the production department fills out the request to be received by the inventory unit in the organization. The materials requisition form is also helpful to keep track of the materials being used which at the same time will allow charging the targeted job for the cost of the items requested.

As such, the materials requisition is part of the <em>Work in Progress</em> (WIP) account.

3 0
4 years ago
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