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artcher [175]
4 years ago
9

Russell Co. received a $520 utility bill for the current month's electricity. It is not due until the end of the next month whic

h is when they intend to pay it. What is the general journal entries will Russell Co. make to record the receipt of the bill?
Business
1 answer:
nekit [7.7K]4 years ago
5 0

Answer:

Journal Entry to reflect the event is as follow;

                                  Dr.       Cr.

Utility Expense       $520

Utility bill payable              $520

Explanation:

Utility bill is received it means the expense is accrued and it is not due until the month end so a liability will be created and will be paid next month.

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An automotive company was looking to expand internationally and selected three possible countries in which to build a factory. A
Anon25 [30]

Answer:

The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.

Explanation:

As with the given scenario above, this company had three potential countries in which to expand their business of building a factory. These countries asked for an amount of extra kickbacks in exchange for helping the company run their business with ease.

However, in the business world, <em>kickbacks</em> are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.

Such misappropriation of money violates the state or federal laws, which makes it a form of corruption.

Now, the automotive company from the given scenario had faced a dilemma whether to accept the bribe or not. It's a challenge for them as their decision might positively or negatively affect their business expansion.

7 0
4 years ago
Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale
Afina-wow [57]

Answer:

correct option is A. $450

Explanation:

we know that half the cost of the business meeting or the business meeting lunch or the dinner that is deductible even

and if the meal are associate with the active businessman or the sole proprietor then half the amount that is here  $900 tickets to the opera with client for meeting is deducted

so that is deducted =  \frac{900}{2}

deducted amount  = $450

so correct option is A. $450

5 0
3 years ago
On a per unit basis, economic profit can be determined as the difference between:
DedPeter [7]
<span>The product price and the average total cost determines the profit. If a company is charging a higher price than the per-unit cost, then they are earning a profit on that item. If they increase the price with everything else remaining constant, their profit increases. The opposite happens when they lower the price, all else held constant.</span>
6 0
4 years ago
​(Cost of​ debt) Belton Distribution Company is issuing a ​$1 comma 000 par value bond that pays 8.9 percent annual interest and
ioda

Answer:

After tax cost of debt is 7.69%

Explanation:

The after tax cost of debt can be computed by first of all determining the pre-tax cost of debt .

The pre-tax of debt is the yield to maturity computed using the rate formula in excel as follows:

=rate(nper,pmt.-pv,fv)

nper is the number of times the bond would pay coupon interest over the entire bond life ,which is 15 years multiplied by 2=30

pmt is the semi-annual interest which is $1000*8.9%/2=$44.5

pv is the current price of the bond at $962

fv is the face value of the bond at $1000

=rate(30,44.5,-962,1000)=4.69%

this is the semi-annul yield ,annual yield is 9.38%

The 9.38% is the pretax

after tax cost of debt=9.38%*(1-0.18)=7.69%

0.18 is the 18% tax rate

5 0
3 years ago
Fiedler's contingency theory of leadership suggests that leaders should be placed in leadership situations that best fit with th
rodikova [14]

Answer:

Explanation:

Suppose, you are a team leader & perhaps your opinion is huge and respected by your workers. Then;

Opinion is better-suited for relationship-motivated leadership

However, let say you're promoted from your post to another position to lead a team, it is possible that your followers will get bitter due to the fact that you're being promoted. In this case;

Confident is better-suited for  relationship-motivated leadership

Similarly, a scenario where we can have a task motivated leadership is as follows:

Let assume that, your workers are working on a project and you're not present there as a team leader.

Then, Achieve is better suited for task-motivated leadership

8 0
3 years ago
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