All categories

3 years ago

Prepaid expenses are

Business

1 answer:

sergiy2304 [10]3 years ago

3 0

Answer:

The correct answer is letter "A": paid and recorded in an asset account before they are used or consumed.

Explanation:

A Prepaid Expense is an asset on the Balance Sheet. These expenses are paid in advance in full for goods that have not been received yet or services that have not been rendered still. For accounting purposes, the amount reported as a current asset decreases every month until the total amount of the prepaid expense is used up.

You might be interested in

An unusual development in the wake of the 2007-2009 financial crisis was that nominal interest rates on some financial instrumen

bogdanovich [222]

Answer:

c. The real interest rate is 1 percent and the expected inflation rate is minus 2 percent

Explanation:

Nominal interest rate = real interest rate + expected inflation rate.

For the third option, the nominal interest rate: 1% + (-2%) = -1%

For the first option, the nominal interest rate: 2% + 1% = 3%

For the second option, the nominal interest rate: 0 + 2% = 2%

For the fourth option, the nominal interest rate: -2% + 3% = 1%

I hope my answer helps you

4 0

3 years ago

Name 3 outside financing sources

sukhopar [10]

Answer and explanation:

In the corporate world, outside or external financing resources refer to all the sources from where a business can obtain the necessary capital to handle its operations without using the firm's assets. Common examples of external financing resources are:

Venture Capitals:<em> funding performed at an initial stage of companies after making research on the market and the company. </em>
Term loans:<em> provided by financial institutions that profit from the interest rate established in the loan or assets as collateral in case of payment failure. </em>
Debt Factoring:<em> short-term financing in which an organization sells its account receivables at a discount.</em>

6 0

3 years ago

A cylindrical can that has a capacity of 20 m3 will be made. The metal used to build the top costs $10 per square meter while th

Alchen [17]

The dimensions of the cylinder can be used to minimise cost of manufacture.

<h3>How to we find minimised cost?</h3>

Let's ignore the metal's thickness and assume that the material cost to manufacture is precisely proportionate to the surface area of a perfect cylinder.

A=2πr(r+h)

Given that V=1000=r2h and h=1000=r2, we can write

A=2πr(r+1000πr2)

A=2πr2+2000r−1

By setting the derivative to zero, we may determine the value of r that minimises A:

A′=4πr−2000r−2

0=4πr−2000r−2

2000r−2=4πr

2000=4πr3

r=500π−−−√3

r=5.419 + cm

h=1000πr2=10.838 + cm

The can with the smallest surface area has a volume of 1000 cm 3 and measures 5.419+ cm in radius and 10.838+ cm in height. The can has a surface area of 553.58 cm 2. Given a constant volume, the cylinder with diameter equal to height has the least surface area.

Can surface area (cm2) versus. radius (cm), where capacity = 1000cm 3.

Learn more about manufacturing here:

brainly.com/question/17111259

#SPJ4

8 0

2 years ago

You believe you must withdraw $12,000 per month during retirement. You plan to be retired for 30 years. Assuming your money will

jek_recluse [69]

Answer:

$2,385,086

Explanation:

To answer this question, we need to use the present value of an ordinary annuity formula:

$PV = A ((1-(1+i)^{-n} )/i)$

Where:

A = Value of the annuity
i = interest rate
n = number of compounding periods

Because the interest rate is annual, it is convenient to convert it to a monthly rate.

4.5% annual rate = 0.37% monthly rate.

The number of compounding periods will be = 12 months x 30 years

= 360 months

Now, we simply plug the amounts into the formula:

$X = $12,000((1-(1 + 0.0037)^{-360} )/0.0037)$

$X = $2,385,086$

You will need to have saved $2,385,086 if you plan to retire under the aforementioned circumstances.

7 0

3 years ago

Corey, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to 10

Sonbull [250]

Answer:

central tendency distributional error

Explanation:

There are three types of distributional errors:

severity.- when the person in charge of rating is too strict and rates the employees with a poor grade.
leniency.- when the person in charge of rating is too lenient and rates the employees with a high grade.
central tendency.- when the person in charge of rating does not want to assume responsibility and rates the employees with a middle grade, not bad, not good.

3 0

3 years ago