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Taya2010 [7]
3 years ago
10

The adjusting entry to record an accrued expense includes a debit to: a. an expense account and a credit to a liability account.

b. an expense account and a credit to a revenue account. c. a liability account and a credit to a revenue account. d. a liability account and a credit to an expense account.
Business
1 answer:
kykrilka [37]3 years ago
6 0

Answer: The correct answer is a. Debit to an expense account and a credit to a liability account.

Explanation: An accrued expense is an expense incurred but yet to be paid for. For instance a consultancy service.

To record this transaction, a debit to the expense account will be recorded to increase expenses and a credit to liability account to increase what is owed.

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Answer: Do your own homework

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It’s easy

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A day care program frequently has a few parents picking up their children late. In an attempt to curb this, the daycare decides
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Answer:

4) All of the above

Explanation:

The day care program should have rewardedbeing on time to encourage this attitude.

Instead they put a price on being late. As parent considers this price cheap they arrive later to have some extra time beofre picking their childrens

Either the day care program reconsiders the fine policy and moves into a better program to estimulate being on time or it increases the "price" so is more expensive for the parents to come in time rather than paiying their fines.

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3 years ago
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When might the exchange rate affect you most directly?
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Answer: answer d seem more likly because you   have then traveld to another country

Explanation:

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When firms exit a market, the _________, causing individual firms’ profits to _________.
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Answer:

<em>When firms exit a market, the short-run market supply curve shifts left, causing individual firms’ profits to increase.</em>

Explanation:

The process of <em>free entry and exit of firms</em> is in a sequence as explained under-

  1. If there is higher demand in the market of the product as compared to its supply, then each firm in the market will receive higher price for its product.
  2. This will increase the prices of the product, enabling higher profits for each firm. This will make the industry attractive, enabling the introduction of newer firms in the market.
  3. When the new firms enter the industry, the prices of the product in the market will drop due to higher competition, now present currently. This will lead to lowering of profits for the firms in the industry.
  4. This will make the industry non-attractive and thereby the less competitive and less effective firms will exit the market in the short run.
  5. This exit of firms from the industry, will lead to higher prices again due to less supply of product in the market as compared to its demand. Hence, the profits of the firms present in the industry will increase.

Thus, it can be concluded that <em>when firms exit a market, the short-run market supply curve shifts left, causing individual firms’ profits to increase.</em>

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3 years ago
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_ is the actual amount each common stockholder would expect to receive if a​ firm's assets are sold for their market​ value, cre
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Answer: Liquidation value

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The liquidation value is one of the type of physical assets of an organization and the business value, real estate firms, directories and the equipment are refers as the liquidation value that helps in evaluating the overall worth of the firm.

This organizational value is lower as compared to the market value and it has less time for selling the products in the open market.  

According to the given question, the liquidation value is refers as the actual amount of the stockholder expected value value in the market. Therefore, Liquidation value is the correct answer.

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