8) A useful characteristic of money is that money

Classify the following items as (a) accrued revenue, (b) accrued expense, (c) unearned revenue, or (d) prepaid expense: 1. A two

monitta

Answer: Classification

Explanation:

Accrued revenue

1. Fees earned but not yet received

Accrued Expense

These are expenses that have been incurred but not yet paid for in the current accounting period.

1. Salary owed but not yet paid.

2. Taxes owed but payable in the following period.

3. Utilities owed but not yet paid.

Unearned Revenue

This represents income received before it is earned and they represent a liability to the receiver.

1. Fees received but not yet earned.

2. Subscriptions received in advance by a magazine publisher.

Prepaid Expense

They are expenses paid in advance

1. A two year premium plan paid on insurance policy

2. Supplies on hand.

8 0

4 years ago

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Imagine that you deposit $6,000 a year, starting one year from today, for four years into a savings account paying 6% per annum.

ELEN [110]

Answer:

$26,247.696

Explanation:

The table is shown below:

Year Opening Balance Deposit Aggregate Interest @6% Total including interest

1 0 $6,000 $6,000 $360 $6,360

2 $6,360 $6,000 $12,360 $741.6 $13,101.6

3 $13101.6 $6,000 $19,101.6 $1,146.096 $20,247.696

4 $20,247.7 $6,000 $26,247.696 $1,574.862 $27,822.55776

6 0

3 years ago

What is the role of the Federal Open Market Committee? A. It appoints the Fed Board of Governors. B. It oversees the entire Fede

Akimi4 [234]

D.It makes key decisoons about the U.S blah blah blah blah blah

7 0

3 years ago

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Fraud opportunity involves:____.

True [87]

Fraud opportunity involves all of these.

The definition of cheating is anything you say or do in bad faith to deceive someone. An example of fraud is when a person who promises to make a lot of money by investing takes the money and disappears.

Fraud and financial crime are forms of theft that occur when a person or entity steals money or property or uses it illegally for profit.

fraud mainly he has two types. There is criminal fraud when theft is involved, and civil fraud when fraud or willful misrepresentation is involved.

Learn more about fraud here:brainly.com/question/1063454
#SPJ4

4 0

2 years ago

Explain the relationship between consumer expectations and economic performance

Pachacha [2.7K]

If a consumer believes that the price of the good will be higher in the future he is more likely to purchase the good now. If the consumer expects that her income will be higher in the future the consumer may buy the good now. In other words positive expectations about future income may encourage present consumption.

8 0

3 years ago

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