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
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.

You might be interested in
Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account. Sales a
Yuliya22 [10]

Answer:

Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).    

Explanation:

Download pdf
6 0
3 years ago
approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the mar
anyanavicka [17]

The question is incomplete. The complete question is :

A manufacturer believes that the cost function : $C(x) =\frac{5}{2}x^2+120 x+560$  approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the marginal cost goes beyond $210. What is the most units the manufacturer can produce and still make a profit? What is the total cost at this level of production?

Solution :

Given the cost function is :

$C(x) =\frac{5}{2}x^2+120 x+560$  

Now, Marginal cost = $\frac{d}{dx}C(x)$

So, if the marginal cost = $ 210, then the manufacturer also makes a profit and if it goes beyond $ 210 than the manufacturer cannot make a profit.

Therefore, we have to equate : $\frac{d}{dx}C(x)= \$ 210$

$\frac{d}{dx}C(x)= \frac{5}{2}(2x)+120 = 210$

$5x + 120 = 210$

$5x=210-120$

$5x=90$

$x=45$

So when x = 45, then C(x) = $ 8042.5

Therefore, the manufacturer $\text{can make up}$ to 45 units and $\text{still makes a profit.}$ This leads to a total cost of $ 8042.5

3 0
2 years ago
Identify the reasons why the quantity demanded of a product increases as the price of that product decreases. a. as the price de
Brut [27]

Answer:

D) A and B

Explanation:

a. as the price declines, the real income of the consumer increases

b. as the price of product A declines, it makes it more attractive than product B

Hope this helps!

Ps. Don't click on those sketchy links.

Have a good day!

4 0
3 years ago
The primary horizontal load-bearing component in a floor frame is the
ivann1987 [24]
The answer is the still plate, so C. 
7 0
3 years ago
Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see:
kirill115 [55]

Answer:an increase the unemployment rate.

Explanation:Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see: an increase the unemployment rate.

7 0
2 years ago
Other questions:
  • Both firms in a Cournot duopoly would enjoy lower profits if:
    15·1 answer
  • A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $5,000 cash. th
    9·1 answer
  • If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with y
    9·1 answer
  • Skidmore Music Company had the following transactions in March: Sold instruments to customers for $16,300; received $11,200 in c
    9·1 answer
  • Interest groups may use ________ in mass-circulation magazines, newspapers, and television to improve their standing in the comm
    5·1 answer
  • FetchFun Inc. is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. FetchFun
    5·1 answer
  • After multiple years of building a business in the same location, Timothy has
    13·1 answer
  • In order to stay calm in emergency situations, dispatchers and EMT's set aside their emotions during a crisis. After the crisis
    5·1 answer
  • Forecasts are the foundation of the planning process. There are many methods available but the trick is to find the one that fit
    5·1 answer
  • Which of the following would be considered a want and not a need?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!