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3 years ago

As Prepaid Rent is used, the asset becomes a/an

Business

2 answers:

Lemur [1.5K]3 years ago

4 0

Answer:

The answer is expense

Explanation:

I just took the quiz

snow_lady [41]3 years ago

3 0

As prepaid rent is used, the asset becomes a liability.

<u>Explanation:</u>

The future sacrifice of any economic benefit, which is the result of any obliged legal contract is named as a liability. It is calculated by subtracting the assets from the equity that is,

$\text{Liabilities = Equity - Assets}$

Initially, if the rent has been prepaid for the next 8 months, then till that particular date it is considered as an asset. And at once it gets used up after the specified date, the rent becomes a liability.

Assets are any non-tangible or tangible items owned by an individual or a business entity.

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How much would you have made or lost on an investment of $1 000

Ad libitum [116K]

Answer:

depends on how much you already have...

Explanation:

5 0

3 years ago

Which of the following statements concerning the selection of risk management techniques and insurance market conditions is (are

valentinak56 [21]

Answer:

I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market

I only

Explanation:

When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.

The market condition can be a soft market or hard market.

Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.

Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.

It is more difficult to get affordable insurance in this market

6 0

3 years ago

Patrick purchased a used passenger automobile on June 1, 2018. He paid $19,000 for the automobile. During 2018, he uses the auto

kkurt [141]

Solution:

a. The first year depreciation = $3,160

The second year depreciation = $5,100

b. By considering 75% used for business purchase

For 2018 , for 7 months remaining

Depreciation = $3,160 x 75% ( $\frac{7}{12}$

= $1382.50

For 2019 ,

Depreciation = $5,100 x 75% = $3,825

8 0

3 years ago

1.Which of the following occurs when wages increase? a. The number of workers employed by the government increases b. The quanti

Oliga [24]

1.c. The quantity of labor supplied decrease.

2.d. Businesses demand labor in the labor market.

3.b. Inverse.

4.a. A decrease in the number of qualified car mechanics.

5.d. Decrease the wages of carpenters.

6.a. Higher wages for workers.

7.a. Marginal revenue product.

Explanation:

1. The demand for labour will decrease because

Increasing wages increases the cost value of businesses which produces the products, and leading to hike in their selling prices, due to which consumers will buy now lesser.

A increase in the wages can also make labour even more expensive relative to the capital so businesses can substitute capital for labour.

This means that less labour will be used.

2. The labor market is defined as the job market in which employees such as workers provide the supply to the market and employers like businesses provide the demand to the market.

3. As the wages increases,number of workers decreases and vice versa thus showing an inverse relationship between them.

4. A decrease in the number of qualified car mechanics will eventually increase the demand for them and hence it will lead to increasing wages of car mechanics.

5. A decreasing demand for carpenters would lessen the need of carpenters, leading to decrease the wages of carpenters.

6. Education and training might lower the wages of workers since the need and demand of workers get decreased.

7. The change in total profits to the change in the no. of inputs provided is defined as Marginal Revenue Product also known as MRP.Theoretically, it is the additional revenue generated during hiring an additional worker which is equivalent to usage of one more units of the input .

7 0

3 years ago

Peterson Corporation wanted to run an ad campaign that featured popular songs sung by the original singer. The aim was to make a

belka [17]

Answer:

Misappropriation refers to the use of another person's intellectual property including their name or likeness without prior permission from the person which can then cause harm to that person.

This is indeed an example of misappropriation because the company tried to use Bette's likeness in the commercial. After being rebuffed by Bette saying that she does not do commercials for whatever business or personal reasons known to her, they still sought to use her popularity and image to make their products more popular.

To do so they hired a backup singer and told her to sing as much like Bette as she could so much so that even Bette's close acquaintances thought that it was Bette. If her close acquaintances could think it was her, imagine the general public.

They therefore made it seem as though Bette did their commercial which then would mean that Bette does in fact do commercials which would do damage her assertion that she does not do same. This would bring harm to her business relationships if for instance she had rebuffed other companies in the past when they sought her to do their commercials.

This is a case of Misappropriation and Bette should sue.

8 0

3 years ago