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3 years ago

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

Business

1 answer:

prohojiy [21]2 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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Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on

Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

Income Statement

Service revenue $80,000

operating expenses

Salary expenses $28,000

Uncollectible accounts

expense $3,273

Total operating expense $31,273

Net income $48,727

Working Note :-

Days Amount Percentage Allowance balance

Current $16,800 0.01 $168

0-30 $5,100 0.05 $255

31-60 $4,000 0.10 $400

61-90 $2,000 0.30 $600

Over 90

days $3,700 0.50 $1,850

Total $31,600 $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

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2 years ago

Students who live on campus and purchase a meal plan are randomly assigned to one of three dining halls: the Commons, Northeast,

Brut [27]

Answer:

What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33

Explanation:

P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)

P=1/3

P=0,333

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3 years ago

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Asher buys a linen suit from Miriam and gives it to his father, Moises. Moises takes the suit to Vanessa, who runs a local dry c

andrezito [222]

This doesn’t even make any sense

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2 years ago

Effective delegation involves:

Afina-wow [57]

Answer:

The correct answer is C. Identifying the appropriate person for the task.

Explanation:

In the transfer of authority from a boss to a subordinate. Most organizations promote delegation of authority in order to provide maximum flexibility in meeting customer needs.

Additionally, the delegation allows people to move within an environment of freedom to contribute ideas that facilitate the performance of their work in the best possible way. By getting involved in this way at work, you get an individual satisfaction that generally becomes a better performance. When they refuse to delegate, managers end up doing the work themselves and underutilizing the capacity of their workers.

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2 years ago

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Which two men are largely credited with establishing the steel and oil industries in the united states? j.p. morgan and corneliu

mihalych1998 [28]

Answer : Andrew Carnegie and John Rockefeller.

Andrew Carnegie owned and operated the largest iron and steel company in the United States.

John.D. Rockefeller is credited with establishing the oil industry in the United States. His astuteness, efficiency and clear vision helped him to steer through the glut in oil drilling in the early 1860s and establish the oil industry.

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3 years ago