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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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45. Consider a small economy in which consumers buy only two goods: pretzels and cookies. In order to compute the consumer price

kakasveta [241]

Answer:

neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year

Explanation:

a. the percentage change in the price of pretzels is equal to the percentage change in the price of cookies from year to year. b. the number of pretzels bought by the typical consumer is equal to the number of cookies bought by the typical consumer in each year. neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year. d. neither the price of pretzels nor the price of cookies changes from year to year.

The consumer price index measures the changes in the price level of a basket of good. It is used to measure the rate of inflation.

Since the CPI measures changes in price level, it is assumed that quantities of goods purchased remains constant.

I hope my answer helps you

8 0

3 years ago

A new technological breakthrough increases production for an industry and shifts the supply curve to the right. If the firm ____

dezoksy [38]

Answer:

Produces products that are considered elastic

Explanation:

Technological changes is one of the key determinant of the supply and we know that technological advancement in the production of a particular commodity will lead to increase the production level of the firm. This will lead to shift the supply curve rightwards, which increases the equilibrium quantity and decreases the equilibrium prices.

Hence, if the demand for the products is elastic then the total revenue of the firm increases because this firm has the more quantity effect than the price effect, so this will increase the firm's profit.

7 0

3 years ago

Which of the following best describes the concept of elastic demand?

Trava [24]

------------------elasticity of demand<span> measures the sensitivity of the quantity demanded to changes in the price</span>

4 0

3 years ago

Identify cash equivalents from the listed items. (You may select more than one answer. Single click the box with the question ma

FromTheMoon [43]

Answer:

These two are cash equivalents:

Money market funds

Three-month Treasury bills

Because they represent short-term investments that a company makes with the goal of getting rid of any excess cash that would otherwise be left unused while it is losing value because of inflation.

In other words, the main goal of investments in money market funds and three-month treasury bills, is to prevent cash from losing value due to inflation, and because of that, those investments are considered cash equivalents.

3 0

3 years ago

Read 2 more answers

Which set of goals can at times conflict in the short run

kondor19780726 [428]

Correct Answer : C; High employment and price level stability.

7 0

3 years ago