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3 years ago

As prepaid expenses expire with the passage of time, the correct adjusting entry will be a:

Business

1 answer:

Nonamiya [84]3 years ago

4 0

Answer:

d. debit to an expense account and a credit to an asset account.

Explanation:

When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.

As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.

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Belinda is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Beli

Andrej [43]

Belinda is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Belinda is "Financial Manager".

<h3>Who is financial manager?</h3>

Financial manager examine financial information compiled by accountants, keep track of the company's financial situation, and create and carry out financial strategies.

The roles of financial manager are-

creating reliable financial information and reports
cash flow statements being created
estimating a profit
controlling credit
giving guidance on financial decision-making
investing guidance
generating financial projections
Budgeting

Therefore, one of the most crucial duties of business owners and managers is financial management.

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2 years ago

Over the past year, you earned a nominal rate of interest of 10% on your money. The inflation rate was 5% over the same period.

zimovet [89]

Answer:

exact actual growth rate of your purchasing power was 4.8%

Explanation:

given data

nominal rate of interest = 10%

inflation rate = 5%

solution

we get here exact actual growth rate that is express as

exact actual growth rate = $\frac{1+rate\ of\ interest}{1+inflation\ rate} - 1$ ..........................1

put here value and we will get

exact actual growth rate = $\frac{1+0.10}{1+0.05} - 1$

exact actual growth rate = 4.8 %

so here exact actual growth rate of your purchasing power was 4.8%

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3 years ago

Background:

ivann1987 [24]

Answer:

i want to see the answer to this question

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3 years ago

Which of the following scenarios would result in a decrease in the wage rate of solar panel installers and a decrease in the qua

Digiron [165]

Answer:

Wages of solar panel installers increase in another town and attract workers away from Billy's town.

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago

How can business apply force field technique in the workplace

FinnZ [79.3K]

Companies can apply the force field technique in the workplace by establishing a method of observing the factors that drive or block the achievement of goals.

<h3 /><h3>How is the force field technique effective in the workplace?</h3>

It helps in the identification and more comprehensive analysis of the organizational environment and its processes, helping in decision making and in the strategic formulation to reduce bottlenecks and obtain quality.

Therefore, the force field technique helps in the effectiveness of processes, develops communication, reduces resistance to change in addition to creating a positive culture for development.

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2 years ago