Answer:
Number 1 question: payroll taxes
income taxes
wages
short term loans
outstanding expenses
Number 2 question:
In its simplest form, your balance sheet can be divided into two categories: assets and liabilities. Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out!
Explanation:
The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
<h3 /><h3>What is inventory holding cost?</h3>
- The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
- Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.
- Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
- To reduce stock-out costs, merchandise is kept on hand.
- To ensure that no consumer leaves empty-handed, all businesses must forecast the demand for their products and maintain inventories of raw materials, finished goods, work-in-progress, and consumables.
- Within a single supply chain, inventory holding costs are computed as a portion of the overall inventory costs.
- Storage, insurance, labor, transportation, depreciation, shrinkage of the inventory, spoilage of the inventory, obsolescence, and opportunity costs are some of the costs.
To Learn more About inventory holding refer to:
brainly.com/question/26533444
#SPJ4
Answer:
a.
Cash $4,500 (debit)
Deferred Revenue $4,500 (credit)
b.
Prepaid Advertising $2,700 (debit)
Cash $2,700 (credit)
c.
Salaries Expense $8,000 (debit)
Salaries Accrued $8,000 (credit)
d.
J1
Cash $70,000 (debit)
Note Payable $70,000 (credit)
J2
Interest Expense $2,100 (debit)
Note Payable $2,100 (credit)
Explanation:
a.
Recognize Cash and Deferred Revenue
b.
Recognize Asset - Prepaid Advertising and De-recognize Cash
c.
Recognize Salaries Expense and Recognize Salaries Accrued Liability
d.
J1
Recognize Cash Asset and Recognize Liability - Note Payable
J2
Recognize Interest income accrued on the Note Payable during September to December.
Answer:
The answers are:
- Vince Victim´s lawyer
- Burglar Bob will have to pay a monetary compensation.
- The District Attorney
- Burglar Bob will have to spend some time in jail.
Explanation:
Vince Victim´s lawyer is responsible for bringing the civil case against Burglar Bob. If Vince wins, then Burglar Bob will probably have to pay a certain amount of money to Vince Victim in compensation for the damages he caused.
The District Attorney´s office is responsible for bringing the criminal case against Burglar Bob. If the jury finds Burglar Bob guilty then he will probably spend some time in jail.
Based on the discount offered by Next furniture, the discounted price of a sofa would be $669.33
<h3>What is the discounted price of the sofa?</h3>
This can be found as:
= Original price x (1 - discount rate)
Solving gives:
= 999 x (1 - 33%)
= 999 x 0.67
= $669.33
Find out more on discount rates at brainly.com/question/1385340.
#SPJ1
