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3 years ago

Prepaid expenses require what type of adjusting entry?

Business

1 answer:

AleksAgata [21]3 years ago

7 0

Answer:

MATCHED

Explanation:

TOOK THE TEST

"Expenses should be matched with revenues. A deferred expense or prepayment, prepaid expense, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period."

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Gap, radio shack, bath and body works, and foot locker are examples of _____. a supermarkets b warehouse clubs c convenience sto

Brut [27]

Answer: Option E

Explanation: In simple words, traditional specialty stores refers to the retail stores that offers only one category of product but do provide their customers various options in respect to quality and brands of that one particular product.

For example- stores offering only sports goods, pet supply or jewelries etc. These goods are running in US for decades and are still handling a separate customer base due to the variety they offer and the all time availability of products that they have.

6 0

3 years ago

The reduction in principle of the 13th payment is 50% larger than the reduction in principle of the 5th payment. What is the tot

BigorU [14]

Complete Question:

A 20-year level repayment of a loan of 1000 has been scheduled. Recall that in such scenarios, as time progresses the reduction in principal part of each payment increases as the interest part of each payment decreases. The reduction in principle of the 13th payment is 50% larger than the reduction in principal of the 5th payment. What is the total amount of interest paid on the loan?

Answer:

At an assumed interest rate of 6%, the Total Interest on the Loan is:

= $743.69

Explanation:

a) Data and Calculations:

Amount of loan = $1,000

Period of loan = 20 years

Assumed interest rate = 6%

Loan Amount 1000

Loan Term

20 years 0 months

Interest Rate 6

Compound

Annually (APY)

Pay Back Every Year

Results:

Payment Every Year $87.18

Total of 20 Payments $1,743.69

Total Interest $743.69

View Amortization Table

Principal 57%

Interest 43%

Amortization Schedule

Beginning Interest Principal Ending

Balance Balance

1 $1,000.00 $60.00 $27.18 $972.82

2 $972.82 $58.37 $28.82 $944.00

3 $944.00 $56.64 $30.54 $913.46

4 $913.46 $54.81 $32.38 $881.08

5 $881.08 $52.86 $34.32 $846.76

6 $846.76 $50.81 $36.38 $810.38

7 $810.38 $48.62 $38.56 $771.82

8 $771.82 $46.31 $40.88 $730.94

9 $730.94 $43.86 $43.33 $687.61

10 $687.61 $41.26 $45.93 $641.69

11 $641.69 $38.50 $48.68 $593.00

12 $593.00 $35.58 $51.60 $541.40

13 $541.40 $32.48 $54.70 $486.70

14 $486.70 $29.20 $57.98 $428.71

15 $428.71 $25.72 $61.46 $367.25

16 $367.25 $22.04 $65.15 $302.10

17 $302.10 $18.13 $69.06 $233.05

18 $233.05 $13.98 $73.20 $159.84

19 $159.84 $9.59 $77.59 $82.25

20 $82.25 $4.93 $82.25 $0.00

3 0

3 years ago

Which of these is a story that would convey Camp Bow Wow’s culture?

kobusy [5.1K]

Answer:

c. One day, a dog owner was in a car accident and couldn’t pick up her dog, so Sue Ryan took that dog home with her overnight to take care of it.

Explanation:

In this case study, organizational values and company culture are best conveyed through an emotional message. Here it is shown how ethical duty comes first, even above robust working hours and approach where employees do the least what's expected of them.

This message effectively communicates how animal love is above employee duty for Camp Bow Wow employees. Also, it demonstrates a customer-centric approach.

5 0

3 years ago

You short sold 500 shares of Jasper stock at $41 a share at an initial margin of 60 percent. What is the highest the stock price

avanturin [10]

Answer:

$Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}$

And if we replace we have this:

$Px =\frac{[(500*41) +(500*41*0.6]/500}{1+ 0.4}$

$Px= 46.857 \ approx 46.86$

So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.

See explanation below.

Explanation:

For this case we define the following notation:

N= 500 represent the number of stocks for JAsper

P = 41 represent the stock price

M1 = 60% = 0.6 represent the initial margin

Px represent the highest stock price the variable of interest for this case

M2= 40% or 0.4 represent the mainteneance margin

We can find the value of Px with the following formula on this case:

$Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}$

And if we replace we have this:

$Px =\frac{[(500*41) +(500*41*0.6]/500}{1+ 0.4}$

$Px= 46.857 \ approx 46.86$

So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.

5 0

3 years ago

Transfer payments are Multiple Choice excluded when calculating GDP because they do not reflect current production. included whe

PolarNik [594]

Answer:

Excluded when calculating GDP because they do not reflect current production.

Explanation:

Transfer payments such as medicare, social security, medicaid, unemployment benefits, and other welfare programs are not calculated in GDP because they do not represent government purchases of goods and services, or in other words, they do not reflect goods and services currently produced and purchased.

They are instead, resources that the government takes either in the form of taxes, debt, or money supply, and allocates, or transfers, to specific recipients.

6 0

3 years ago