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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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Helga [31]

Answer: The correct answer is "c. To report a loss when there is a decrease in the future utility below the original cost."

Explanation: When talking about current assets, or more precisely, Merchandise inventory, it is common that sometimes the sale value is less than the original cost of the assets, therefore a negative holding result is produced, that is, a loss.

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3 years ago
If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum require
Shalnov [3]

Answer:

Explanation:

If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum required change in taxes be greater than, smaller than, or equal to the minimum required change in government spending?

The minimum required change in taxes will be greater than that of the minimum required change in government spending

tax multiplier (mpc/mps = 0/8/0.2=0.4) is smaller than the government spending multiplier (1/mps= 1/.2=5) because of the initial increase in disposable income caused by the decrease in income tax will be saved rather than spent

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3 years ago
Which of the following is NOT a necessary condition for oligopoly? differentiated products barriers to entry strategic dependenc
stepladder [879]

Answer:

differentiated products.

Explanation:

An oligopoly occurs when a few large firms dominate a market and they aim to maximise profit. The action of one firm has significant effect on the market, so the firm's are interdependent.

There are high barriers to entry including use of government liscences, patents, economies of scale, and actions taken by firms to discourage entry into the market.

However differentiation of products is not a necessary condition for oligopoly. Products can be homogenous or differentiated.

8 0
3 years ago
A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in
SSSSS [86.1K]

Answer:

8448.22

Explanation:

We are asked to calculate the present value of 20,000 in ten years.

\frac{amount}{ {(1  + rate)}^{time} }  = present \: value

\frac{20000}{ {(1  + 0.12)}^{10} }  = 8448.22

<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate

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3 years ago
Municipal bonds are issued by whom?
posledela
Municipal bonds are debt obligations issued by states, cities, counties and other governmental entities.
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3 years ago
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