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3 years ago

Which of the following is considered to be an accrued expense?

Business

1 answer:

prohojiy [21]3 years ago

8 0

Answer:

C. A computer technician has installed the latest software updates, but you have not received an invoice or made payment.

Explanation:

Accrued expenses: The accrued expenses are those expenses in which the service is performed but the payment is not paid at the time of service. It is paid at the later date. It is considered as outstanding expenses

The accrued expenses are a current liability which is shown under the liabilities side of the balance sheet.

Hence, option c is correct and the rest options are wrong

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Suppose there will be global catastrophe unless we hold total carbon dioxide emissions at or below 35 million tons per year. As

snow_tiger [21]

If 35 million tons of emissions permits are auctioned off, compared to each person getting 10 pounds of untradable emissions, it is a. better, because it lowers the cost of emissions abatement.

<h3>Why is it better?</h3>

If everyone got 10 pounds of untradable emission, the amount of emissions would be:

= (10 x 7 billion) / 2,000 pound per ton

= 35 million pounds

This is the same as the total amount of the emission permits but it is still more expensive than issuing permits because those permits are tradable.

Non-tradable permits will mean that some will exceed their permit and will be unable to share their emissions.

Find out more on emission permits at brainly.com/question/5130019.

8 0

2 years ago

The definition of inventory includes which of the following items? (Select all that apply.) a) items used currently in the produ

Yanka [14]

Answer:

Items a) and b)

a) items used currently in the production of goods to be sold items

b) held for resale items currently in production for future

Explanation:

Inventory consists of current assets to be used in production of final goods or are the ones which are final goods and held for sale.

In the given case also, statement a includes raw materials, which are used to make the final good to be sold, which is a part of inventory.

Further, statement b includes work in production or final goods which are currently in production but would be resold.

The items which are kept for their use as like machinery or furniture or which shall be disposed are not inventory but are in fixed assets category.

3 0

3 years ago

Sue can either borrow $10,\!000$ dollars for $5$ years with a simple interest of $7\%$ annually or an interest which compounds a

dalvyx [7]

She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .

Simple interest

10000 x .07 = 700

700 x 5 = 3500

total 13500

Compund interest

10000(1.06)^5 = 13382.26

13500 - 13382.26 = 117.74

118 rounded

Learn more about simple interest and compound interest here :

brainly.com/question/25663053

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3 0

2 years ago

Payne Company provided the following information relevant to its inventory sales and purchases for December 2013 and the first q

Rama09 [41]

Answer:

$159,000

Explanation:

This question is incomplete we attach the attachment below:

The computation of the budgeted cash payments for inventory is shown below:

But for that first we have to determine the purchase amount which is shown below:

Purchase = Ending inventory + cost of goods sold - beginning inventory

where,

Ending inventory = $120,000 × 25% = $30,000

Cost of goods sold = $180,000

Beginning inventory = $180,000 × 25% = $45,000

So, the purchase amount is

= $30,000 + $180,000 - $45,000

= $165,000

Now the cash payment would be

= 60% of $165,000 + 40% of $150,000

= $99,000 + $60,000

= $159,000

8 0

3 years ago

Current Year Prior Year Accounts payable, end of year $ 4,603 $ 8,548 Accounts receivable, net, end of year 18,685 15,726 Invent

solong [7]

<em>Find the given attachments for the complete solution</em>

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8 0

4 years ago