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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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On January 1, 2018, Earnest Company purchased equipment and signed a sixminusyear mortgage note for $ 110 comma 000 at 15%. Th

GarryVolchara [31]

Answer:

D. $ 16 comma 619

Explanation:

Mortgage Installment is compromised of the interest and principal payment. The principal value is calculated by deducting the interest on opening balance of mortgage from installment of the year.

Mortgage Amortization schedule

Date Installment Interest Principal Balance

January 1, 2018 110,000

January 1, 2019 29,066 (110,000x15%) 16500 12,566 97,434

January 1, 2020 29,066 (97,434x15%) 14,615 14,451 82,983

January 1, 2021 29,066 (82,983x15%) 12,447 16,619 66,364

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4 years ago

Which policy tools are considered automatic stabilizers?

V125BC [204]

In the fiscal policies of governments, automatic stabilizers are meant to correct and stabilize the fluctuations that arise within the economy of nations. The policy tools that are considered automatic stabilizers are;

A progressive income tax structure

Government unemployment benefits

At times, the economy of a nation might experience shocks and destabilizations. These policy tools listed above are meant to generate taxes from the citizens that would cushion the effects of these shocks.

They help to increase the flow of money in the economy when it is passing through difficulties like recessions.

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brainly.com/question/24276941

6 0

3 years ago

An ad for Bud Light ran six times during a recently televised football game. When measuring IMC results for this ad, six would b

Zepler [3.9K]

Answer: (A.) Frequency

Explanation:

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3 years ago

Share an example from your life where you had to make a choice knowing that you are giving up opportunities for doing or gaining

Alik [6]

Explanation:

I would have to give up my dream of getting an economics degree because I felt that an economics degree would give me a more stable future. My parents always believed that, after finishing my education, I should pursue my acting career.

I'd make another choice, since I'm happy with my job now. If I choose to perform, I should have struggled a lot.

Consumers C make decisions because each action has a risk cost. You can't do two things at the same time and must choose one.

Individual producers / nations must choose what they are to produce, how they are to produce and how much they are to produce, as their resources are limited and their alternatives are being applied.

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3 years ago

Assume that U.S. companies are importing the same product from Mexico and Taiwan. The United States enters into an FTA with Mexi

saveliy_v [14]

Options:

a.trade specialization

b.trade internalization

c.trade creation

d.trade diversion

Answer:D.trade diversion

Explanation: Trade diversion is a term used in international trade to describe the shift in trade between one nation to another by a third party due to trade preference,leading to a reduced volume of trade between the two nations who originally are trade partners.

TRADE DIVERSION OCCURS WHEN THERE IS A SPECIAL INTEREST OR PREFERENCE DISPLAYED BY ONE OF THE TRADING PARTNERS.

The increased volume of trade between the companies in the United States of America and that if Mexico which has led to a reduced volume of trade between the United States of America and Taiwan is a TRADE DIVERSION.

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3 years ago