Electric bill payable Liability
<h3>Is an electric bill considered a liability?</h3>
In our example, the utility bills for gas and electricity used in December are both an expense and a liability as of December 31.
When the utility bills are paid, the liability is eliminated.
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Answer:
The expected ending balance on November 30 will be $134,500
Explanation:
Sales Collected (165,000*70%) $115,500
Expenses paid ($36,000)
Cash Opening $55,000
Cash ending Nov 30 $134,500
<span>The lawsuit for this type of breach of contract will be governed by the common law of contracts. Contract laws relate to most agreements between people or groups, including oral agreements.</span>
Answer: See explanation
Explanation:
The steps that Allison must take in order to obtain her mortgage loan originator license include the following:
Step 1. In order to get the license, Allison should be at least 18 years old.
Step 2. Allison should register with Nationwide Mortgage Licensing System and Registry after which she'll get an NMLS number.
Step 3. Allison would then have to finish the 20 hours pre-licensure education aftee which she must pass it by having a score of at least 75%.
Step 4. Allison would then go through a criminal background check if she scores at least 75% and get the credit report.
Answer:
$37,100
Explanation:
Calculation for what Vaughn should report as cash and cash equivalents
Cash in bank $36,200
Petty cash 300
Short-term paper with maturity of 2 months 600
Cash and cash equivalents $37,100
Therefore Vaughn should report cash and cash equivalents of:$37,100
