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lana [24]
3 years ago
11

The adjusting entry to record an accrued expense is: Multiple Choice

Business
1 answer:
kati45 [8]3 years ago
5 0

Answer:

5. Increase an expense; increase a liability.

Explanation:

Accrued expenses are expenses that have been incurred but are yet to be paid for. To record and accrued expense,

Debit Expense account (p/l)

Credit Accrued expense (b/s)

The expense account is usually in debit hence the transaction above increases the balance. The accrued expense account is usually in credit hence the above transaction increases the account balance.

As such, the right option is 5. Increase an expense; increase a liability.

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Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive
Lunna [17]

Answer:

<u>Time</u>

Explanation:

There is a trade off between time spent in travelling and engaging into some other activity.

In Economics, Opportunity cost refers to the next best alternative. It represents the foregone benefits of an activity sacrificed in return for another activity.

In the given case, Jane is willing to pay extra online than travel all the way and get the blanket at a much cheaper rate. By doing so, Jane has saved time as well as energy which would've been spent in 50 miles drive.

Consumer decision making process involves the whole process between a consumer identifying his need and ultimately making the purchase.

The given case corresponds to the influence of available time or the time constraint which affects consumer decision making process.

4 0
3 years ago
In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo
Shtirlitz [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
4 years ago
You’re trying to save to buy a new $175,000 Ferrari. You have $35,000 today that can be invested at your bank. The bank pays 2.9
IrinaVladis [17]

Answer:

Approximately 56 years and 3 months.

Explanation:

The formula to calculate this is the same formula we use for calculating the Future Value.

Future Value = Present Value ( 1 + i ) ^ n

175000 = 35000 ( 1 + 0.029 ) ^ n

Calculating for 'n',

We get the ' n ' as 56.29 years.

Hope this Helps.

Goodluck buddy.

4 0
3 years ago
Read 2 more answers
Which of the following is not a method for getting involved in global business?
WARRIOR [948]
<span>D. all are methods  pretty sure at least</span>
5 0
3 years ago
GNP accounts avoid double counting by including only the value of final goods and services sold on the market. Should the measur
vova2212 [387]

Answer:

A) ​No, total values and imports and exports should be included in the calculation of the GNP.

Explanation:

The gross national product (GNP) must include the value of all imports and exports including intermediary goods.

Intermediary goods are goods used in the production of final goods, e.g. wood used to build a house. Intermediary goods can sometimes be final goods depending what use will be given to them, e.g. a tire is an intermediary good in the production of a car but it is also a final good when you buy a new tire to replace an old tire.

7 0
3 years ago
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