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3 years ago

Which of the following would you list as an "Essential (Fixed)" expense?

2 answers:

8 0

The best answer would be rent. Because a fixed expense is something that will never change, increase or decrease, no matter what happens. And rent that never changes so that's the answer.

11Alexandr11 [23.1K]3 years ago

4 0

Out of the above choices I would Asnwer. D Rent. Rent is an Essential (fixed) expense. The other expenses electricty, telephone and car repair are all variable expenses because they normally are net set rates every month. Due to the changng of amounts these expenses fluxtuate not allowing thme to be a fixed expense like rent is.

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On January 1, 2020, Meeks Corporation issued $5,000,000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. Th

KonstantinChe [14]

Answer:

d. Cash........................................................................................ 5,100,000

Bonds Payable............................................................... 5,000,000

Premium on Bonds Payable .......................................... 100,000

Explanation:

The Journal entry is shown below:-

Cash Dr, $5,100,000 ($5,000,000 × 1.02)

To Bonds payable $5,000,000

To Premium on Bonds payable $100,000

(Being cash is recorded)

Here we debited the cash as it increases the assets and we credited the bonds payable and premium on bonds payable as it also increases the liabilities.

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3 years ago

Addams Corporation paid cash dividends totaling $75,000 during its most recent fiscal year. How should this information be repor

Mazyrski [523]

Answer:

The answer is E. In financing activities as a use of funds.

Explanation:

In cash flow, to be a source of fund means there is cash inflow i.e cash is coming in to the business and to be a use of fund means there is cash outflow i.e cash is going out of the business the business.

Also in cash flow, we have three sections - operation, investing and financing sections.

For cash flow from operating activities, use of fund or source of fund about how a business carries its normal activities are important here.

Cash flow from investing activities is about long term Investment the company is engaging on e.g sale or Purchase of machinery.

Cash flow from financing activities is about how the company is funding the business or how the firm is repaying its shareholders for using their fund e.g payment of dividends(use of fund i.e cash outflow)

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3 years ago

Whats the difference between the salary and hourly calculator? pleaseeee helpp

Bingel [31]

The main difference between the salary and hourly calculator is that the salary calculator is paid to an employee on the basis of an annual amount that is known as salary and hourly calculator is based on the hourly payment. This is the basic difference between the salary and hourly calculator. For a salaried employee, the number of hours worked in a month can vary without affecting the total salary fixed. In case of hourly calculated payment, the number of hours worked has a direct impact on the payment received. If the number of hours worked is less then the hourly calculated payment will also be less.

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3 years ago

1. Explain the link between scarcity and each of the following.<br>i. Choice, (2 marks)

vagabundo [1.1K]

Scarcity means that resources are limited and because resources are scarce people must make choices

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4 years ago

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in

Usimov [2.4K]

The owner has $2,000 more in assets. therefor the equity increased by 2,000

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3 years ago