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Molodets [167]
3 years ago
14

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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If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to
oee [108]

Answer:

C. Subsidized

Explanation:

According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.

7 0
3 years ago
Saturn inc. is a large manufacturer of footwear and accessories. it has always lagged behind its closest competitor, hexagon inc
ss7ja [257]

Saturn inc. is in the<u> "strategy formulation"</u> phase.



Strategy formulation is the procedure by which an association picks the most suitable courses of action to accomplish its characterized objectives. This procedure is basic to an association's prosperity, since it gives a system to the activities that will prompt the foreseen results. Key designs ought to be conveyed to all representatives with the goal that they know about the association's destinations, mission, and reason. Strategy formulation powers an association to deliberately take a gander at the changing condition and to be set up for the conceivable changes that may happen.  

4 0
3 years ago
Which of the following is correct?
pogonyaev

Answer:

N. Most countries have had little fluctuation around their average growth rates during the past 120 years.

Explanation:

" Both measures reveal the same thing: between 1960 and the late-1990s, there was a widening of the world income distribution, at least when each country is a unit of observation. In the last decade or so, this pattern seems to have stabilized"

Reference: Jones, C. I. (2016). The facts of economic growth. In Handbook of macroeconomics (Vol. 2, pp. 3-69). Elsevier. p. 37

6 0
3 years ago
Anders, Inc., has 5,000 shares of 5%, $100 par value, cumulative preferred stock and20,000 shares of $1 par value common stock o
seropon [69]

Answer:

Option (A) is correct.

Explanation:

Total dividends = $45,000 (Paid in 2010 and 2011)

common stock outstanding = 20,000 shares

Preferred dividend:

= No. of shares × Par value × 5%

= 5,000 × $100 × 5%

= $25,000

Dividends received by the common stockholders in 2011:

= Total dividends - Preferred dividend

= ($45,000 × 2) - ($25,000 × 3)

= $90,000 - $75,000

= $15,000

5 0
3 years ago
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally,
Ilia_Sergeevich [38]

Answer:

Joint venture

Explanation:

A joint venture is an agreement between two or more parties mostly businesses so as to share markets, intellectual property, assets, knowledge, capital, profits as well as losses. A common phenomenon in which joint venture is used is the partnering up with a local business to enter a foreign market. For example is a company that wants to expand its operations to new countries, can enter into a joint venture agreement with a local business in the new country, thus benefiting from an already existing distribution network

For Axiom International, an Australian company that  wants to expand its operations to China, a country that is politically, culturally, and economically different, the mode of entry should be a joint venture with a country in china.

4 0
3 years ago
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