Wich entry would record the payment of a utility bill

Business

1 answer:

Bad White [126]4 years ago

5 0

Debit to utility expense and a credit to cash. Therefore the answer is C.

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Headland Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the pl

Brums [2.3K]

Answer and explanation:

<em>Check the attached file for a well formatted answer</em>

Headland Company

Pension worksheet 2020-2021

General Entries Memo Record

Items Annual Pension expense Cash OCI- Prior service cost OCI- Gain/Loss

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4 years ago

Simpson Corporation expects to sell the following number of units of their newest product: Year Unit Sales 1 8,000 2 9,000 3 12,

melomori [17]

Answer:

$27,000

Explanation:

Years Units Selling Sales NWC requirement Δ in Cash flows

sales price$ revenue$ 50,000 / 15% for NWC

0 - - - $50,000 $50,000

1 8000 180 1,440,000 $216,000 $166,000

2 9000 180 1,620,000 $243,000 $27,000

3 12000 180 2,160,000 $324,000 $81,000

4 15000 180 2,700,000 $405,000 $81,000

Note: Cashflow for NWC is derived by Cumulative difference in Cash flows for Present Year and previous year. Hence, the change in cash flow for the NWC balance at the end of year 2 is $27,000

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3 years ago

Investors are often presented with risky investment opportunities. While high risk is typically avoided by

valina [46]

The typical ideal risky investment offers a higher returns and lower liquidity than other investments

Risky investment are investment which has the property of being risky and usually take long period of time to start yielding higher return for the investors.

Example of Risky investment includes Options, Futures, Stocks Investments, Equity, and other Capital market instruments etc

The advantage of risky investment is that the yield on return are very higher than non-risky investment such as Money market

The disadvantage of the investment is that its offer lower liquidity, that is, the rate at which the investment can be converted back to cash is very slow.

Therefore, the Option B is correct because Risky investment offers higher returns and lower liquidity than other investments.

Learn more about Risky investment here

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3 years ago

Journalizing Transactions Monroe Company rents and sells electronic equipment. During September, Monroe engaged in the transacti

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Answer:

fresh avocado

Explanation:

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