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slamgirl [31]
3 years ago
7

It's the end of the accounting period and no electric bill has been received (but expense has been incurred. ; you should record

and entry that
Business
2 answers:
Sati [7]3 years ago
8 0
You should make note of the fact that no bill was received but you did make the payment. 
Kisachek [45]3 years ago
5 0
The correct answer to your question is "Increases the total liabilities and Increases the total expenses."
You might be interested in
Label each scenario below according to the type of financial asset described.
PSYCHO15rus [73]

Answer:

SCENERIO 1=BOND

SCENERIO 2=LOAN

SCENERIO 3=STOCK

SCENERIO 4=SECURITIES WHICH ARE GUARANTEED BY LOANS

SCENERIO 5=LOAN

Explanation:

Bond is a type of loan or a financial instrument through which large corporations or Government Institutions borrow money from the public with the aim of paying with a fixed interest rate in a given period.

A Loan is amount requested by an organisation from a financial institution with the aim of paying back with some percentage of interest over a given period of time.

Stocks are also known as shares which forms parts of a particular Company sold to the public with the aim of raising capital, SHARES OR STOCK HOLDERS HAVE CERTAIN RIGHTS TO DIVIDEND AND VOTING TO REPLACE BIARD NENBERS ETC WHEN THE NEED ARISE IN THE ORGANISATION.

4 0
3 years ago
A lease option is a clause that grants an option holder the right, but not the obligation, to renew the lease, cancel the agreem
kow [346]

Answer:

B. Increases the expected present value of lease cash flows to the owner

Explanation:

A lease option gives a right but not the obligation to the renter of the property to buy the said property at today's current market price upon the expiry of lease term.

Lease option is similar to an option contract, the difference being, here instead of securities, leased property serves as the underlying asset and instead of option premium, the renter pays a premium each year in addition to the rental charges.

Lease cash flows refer to the present value of future cash flows which the lessor/owner receives in the form of lease rentals plus the added premium each year.

The more the benefits under lease option clause, the higher the premium charged and thus, more would be the future receipts of owner which would increase the expected present value of lease cash flows to the owner.

8 0
3 years ago
Agent Emily's listing was sold by another agent in her brokerage. Emily is entitled to a:______.a. selling side commission.
GaryK [48]
I think it’s C but not really sure
5 0
3 years ago
Coronado's Place recorded the following data:
Lorico [155]

Answer:

The weighted average unit cost of the inventory at January 31 is $496

Explanation:

Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.

Date                    Unit Received / Sold  On Hand Unit     Cost   Balance

1/1       Inventory     540 units at $2.80          540             $1,512    $1,512

1/8      Purchased   960 units at $2.3           1500            $2208   $3,720

1/12      Sold            1,300 at ($3,720/1500)   200             $3,224   $496

4 0
3 years ago
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
myrzilka [38]

Answer:

1. fixed and indirect

2. variable and direct

3. variable and direct

4. fixed and indirect

5. fixed and indirect

6. variable and direct

Explanation:

<u>Fixed and variable costs</u>

A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.

Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.

<u>Direct and Indirect costs</u>

A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.

The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.

4 0
3 years ago
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