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NemiM [27]
3 years ago
15

2. Provide a definition for the following terms:

Business
1 answer:
Allushta [10]3 years ago
7 0

Answer:

The definitions are stated below:

Explanation:

1. Accounts receivable is the balance amount of money which is due or owed to a firm for the services or goods or services that is delivered or used but for that the money is not yet paid for by the client or customers.

2. Supplies is defined as the items which are a component of a finished item which the company mark up and sell to customers.

3. Prepaid rent is the amount of rent paid before or prior to the rental period to which it relates and the tenant will record it in the balance sheet for the amount of rent paid that is not used.

4. Furniture is the term which is defined as the objects that is movable and it supports the activities of human like as seating, sleeping and eating.

5. Accumulated depreciation is the aggregate or total amount of the asset whose cost or expense has been allocated to the depreciation expense account.

6. Accounts Payable is the term which is described as when the company bought goods on credit, which is needed to be paid back in future.

7. Unearned service revenue is the amount or the money which is received by an individual or the company for the product or service that is not delivered yet or to be delivered.

8. Service revenue is the revenue which is generated from sales and reported by the business. It is related to the services provided to the customers.

9. Rent expense is a kind of expense, which lists the cost or the expense of the occupying property which is a rental during a reporting year.

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Suppose the Herfindahl indexes for industries A, B, and C are 1,200, 5,000, and 7,500 respectively. These data imply that: Group
iVinArrow [24]

Answer: market power is greatest in industry C.

Explanation:

The Herfindahl–Hirschman Index, is the measure of market concentration. It is calculated by squaring the market share of every firm that is competing in the market after which the resulting numbers will be added.

A market that has an HHI of less than 1,500 is said to be a competitive marketplace. A market that has an HHI of 1,500 to 2,500 is said to be moderately concentrated while a market that has an HHI of 2,500 or more is said to be highly concentrated. Therefore, the industry with the highest Herfindahl indexes here is industry C with 5000 and it has the most market power.

3 0
2 years ago
Microsoft presently pays no dividend. You anticipate Microsoft will pay an annual dividend of $0.60 per share two years from tod
Scorpion4ik [409]

Answer:

The value of this stock today should be $6.22

Explanation:

The company will start paying dividends 2 years from today that is at t=2. The dividends received 2 years from today can be denoted as D2. The constant growth model of DDM will be used to calculate the price of this stock at t=2 as the growth rate in dividends is constant forever.

The price at t=2 will then be discounted back to its present value today to calculate the price of this stock today.

The price of this stock at t=2 will be,

P2 = D2 * (1+g) / (r - g)

P2 = 0.6 * (1+0.04)  /  (0.12 - 0.04)

P2 = $7.8

The value of this stock today should be,

P0 = 7.8 / (1+0.12)^2

P0 = $6.218 ROUNDED OFF TO $6.22

7 0
3 years ago
Read 2 more answers
"refer to your way, inc. what type of products is sold at your way?"
hjlf
Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them. 
4 0
3 years ago
How is a savings account most useful?
Ksenya-84 [330]

The fourth answer is correct (D).

The savings account is an investment that generates little income. To make long-term investments, there are other options that give a better return.

However, this type of account serves so that the money that will be used in the short term has at least some income. In other words, if the investor is sure that he does not need the liquidity of the money, he can apply in bonds, debentures, shares, etc. If the investor has money that needs to be kept liquid to be used soon, the best option is the savings account.

6 0
3 years ago
Read 2 more answers
The following totals for the month of April were taken from the payroll register of Magnum Company. Salaries $12,000 Social Secu
Novosadov [1.4K]

Answer:

d. credit to Salaries Payable for $8,600

Explanation:

<em>The journal entry would be as follows.</em>

Magnum Company

Payroll Journal

Particulars                            Debit                    Credit

Salaries                       $12,000  Debit

Federal Income taxes withheld                       2,500 Credit

Social Security & Medicare taxes withheld      900 Credit

Salaries Payable                                               $8,600 Credit

Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the  Social Security & Medicare taxes  $ 900.

6 0
3 years ago
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