1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vitek1552 [10]
3 years ago
11

Overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of

allocated expenses related to the insurance premium that is paid in September. What is the cash outflow for overhead for the month of May
Business
1 answer:
kvv77 [185]3 years ago
6 0

Answer:

$1,300

Explanation:

Given that,

Budgeted Overhead expenses = $2,000 per month

monthly depreciation expense = $500

Allocated expenses related to the insurance premium = $200

Non-cash expenses:

= monthly depreciation expense + Allocated expenses related to the insurance premium

= $500 + $200

= $700

Cash outflow for overhead for the month of May:

= Budgeted Overhead expenses - Non-cash expenses

= $2,000 - $700

= $1,300

You might be interested in
Jody is an agent for Kwik Credit Company (KCC). In the course of Jody's performance for KCC, Jody pays Leo for certain auto main
Serjik [45]

Answer:

D. Reimbursement

Explanation:

A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.

3 0
3 years ago
Read 2 more answers
How can you change your city
Mice21 [21]

Answer:

cleaning up trash off the side of the road...

8 0
2 years ago
Liabilities are? a.none of these choices are correct. b.the rights of customers. c.the rights of owners. d.the rights of credito
Anna35 [415]

Liabilities are the <u>rights of creditors.</u>

<h3>What is a liability?</h3>

A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied.

Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, accounts payable, mortgages, deferred income, bonds, warranties, and accumulated expenses.

Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed.

In general, a liability is an obligation that exists between two parties but hasn't been fulfilled or paid for. A financial liability is an obligation in the world of accounting, but it is more specifically characterized by previous business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future. Non-current liabilities are typically viewed as long-term obligations because they are anticipated to last more than a year (12 months or greater).

Thus, Liabilities are the<u> rights of creditors.</u>

For more information on <u>creditors</u>, refer to the given link:

brainly.com/question/18484315

#SPJ4

<u></u>

5 0
1 year ago
Suppose that you are the vice president of marketing for Target, the large retail store chain. You want to keep your website and
marysya [2.9K]
<h2>wireless payments from mobile devices.</h2>

Explanation:

Now the trend is cashless. Everybody has smart phones and people are willing to pay through various money transfer application. So according to the given situation Vice president should choose wireless payments from mobile devices.

Option A: Correct answer

Option B: Social media application can only be used to promote product and not payment so far.

Option C: Desktop will still be present since it is not only mobile apps that is existing. May are using websites for payment

Option D & E: invalid choice.

5 0
3 years ago
Assume that Global Cleaning Service performed cleaning services for a department store on account for​ $180. How would this tran
tamaranim1 [39]

Answer:

(B) Increase both assets and equity by $180

Explanation:

The transaction analysis model tells us that:

Assets = Liabilities + Owner's Equity

Owner's equity = Contributed Capital + Retained Earnings

Retained Earnings = Net Income − Dividends

and

Net Income = Income − Expenses

The expanded accounting equation is obtain if all substitutions are made:

Asset = Liabilities + Contributed Capital + Income – Expenses − Dividends

In the Global Cleaning Service`s case:

Assets are increased either because the service is collected or is an account receivable. As the service provided is a revenue (income) is part of the Owner's Equity that also increase. Both, Asset and Owner's Equity, increase in 180.  

7 0
3 years ago
Other questions:
  • XOLO Ltd. sold its stocks at a face value of $10. The stocks presently have a market value of $45. The earning per share (EPS) i
    11·1 answer
  • Star Inc., an engineering firm, has come up with a new technical test to assess the knowledge of interviewees. To assess the val
    6·1 answer
  • A mutual aid working group typically includes the following
    14·1 answer
  • Use this information for Rylan Corporation to answer the question that follow. Rylan Corporation received an offer from an expor
    14·1 answer
  • First, spend a couple of sentences summarizing the Concepts in Action video you watched this week. Then, answer the following. I
    8·1 answer
  • In the presentation we learned that "one exchange rate is the reciprocal of another exchange rate"
    5·1 answer
  • On the statement of cash flows, the cash flows from operating activities section would include a. receipts from the issuance of
    14·1 answer
  • On June 30, 2019, the State Unemployment Tax Payable account in the general ledger of Alan Office Supplies showed a balance of $
    14·1 answer
  • "Although experience and expertise are important in the hiring decision, many employers are looking at other attributes to decid
    10·1 answer
  • Graff, Incorporated, has sales of $49,800, costs of $23,700, depreciation expense of $2,300, and interest expense of $1,800.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!