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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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What is one advantage that the system illustrated below gives to countries that are involved in the global economy? A. It permit
Andreas93 [3]
The type of economy that referred in the question would most likely be a free-enterprise economy. By definition, a free-enterprise economy is an economic system wherein the market is free of government intervention. In addition, it is essential to the world trade because "<span>permits developing nations to compete on an equal economic basis with more industrialised countries."</span>
7 0
3 years ago
. If shareholders are granted a preemptive right they will: Select one: a. be able to choose the timing and amount of any future
PtichkaEL [24]

Answer:

Have priority in the purchase of any newly issued shares

Explanation:

Preemptive right is the right given to existing shareholders to maintain the proportion of their investment by buying a proportionate number of shares in any future sales of share.

The main essence of this is to ensure that their ownership interest is not diluted as more shares are issued and new investors come in.

In a preemptive share arrangement , consideration is given to existing shareholders ahead of any other person or entity .

5 0
4 years ago
Use the information below to answer questions 1-3. Call Corporation is a wholesaler that sells a single product. Management has
MrMuchimi

Answer:

Fixed Component of the selling, general adn adminsitrative cost  147,000

Explanation:

We calculate the fixed cost using the high low method.

\left[\begin{array}{ccc}High&7000&294700\\Low&6000&273600\\Difference&1000&21100\\\end{array}\right]

We subtract high from low the difference is that 1,000 units generates 21,100 dollars of cost

variable cost per unit then will be:

21,100 / 1,000 = 21.1

we now calculate fixed cost:

Total cost = variable x Q + fixed cost

When Q = 6,000 total cost: 294700

294,700 = 21.1 (6,000) + Fixed Cost

Fixed Cost =  147,000

6 0
3 years ago
Houseman, Inc. anticipates sales of 50,000 units, 48,000 units, 51,000 units and 50,000 units in July, August, September and Oct
ella [17]

Answer:

50,600 units

Explanation:

The computation of the number of units to be produced in September is given below:

= sales + ending inventory - opening inventory

= 51,000 units + (40% of 50,000 units) - (40% of 51,000 units)

= 51,000 units + 20,000 units - 20,400 units

= 50,600 units

3 0
3 years ago
Brenda and John are married file a joint return and have a son being age 5 they live with Brenda's mother the entire year Brenda
arlik [135]

The following statements is correct a) Brenda and John would claim Ben as a qualifying child unless they both choose not to claim their son as a qualifying child.

<h3>What is a qualifying child?</h3>

A Qualifying Child is a child who satisfies the IRS requirements to be your dependent for tax objectives. Though it does not have to be your youth, the Qualifying Youth must be related to you. If someone is your Qualifying Child, then you can proclaim them as a dependent on your tax retrieval.

<h3>What age qualifies as qualifying child?</h3>

To meet the qualifying child test, your child must be more youthful than you and either younger than 19 years old or be a "learner" younger than 24 years old as of the end of the calendar year. There's no age limit if your child is "always and totally disabled" or meets the qualifying comparative test.

To learn more about Qualifying child, refer

brainly.com/question/14328499

#SPJ9

4 0
2 years ago
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