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tino4ka555 [31]
3 years ago
5

Which of the following is considered to be an accrued expense? a.a computer technician has installed the latest software updates

and was paid on the same day b.a computer technician has just signed an agreement with you regarding pricing for future work c.a computer technician has installed the latest software updates, but you have not received an invoice or made payment d.a computer technician has been paid in advance to install software updates as they become available
Business
1 answer:
Elena L [17]3 years ago
4 0

Answer:

The answer would be, c) A computer technician has installed the latest software updates, but you have not received an invoice or made payment  

Explanation:

An accrued expense is a cost that has already been incurred but has not yet been paid. It should be recorded in the accounting period in which it got incurred. Thus, an accrued expense should be should be documented in immediately it gets incurred as opposed to recording it the time it gets paid.  

You might be interested in
Balance Sheet
Nataly [62]

Solution :

a). Total debt = notes payable + long term debt

                      = 145,000 + 750,000

                     = $ 895,000

b). Total liabilities and equity = total assets

                                                = 2,900,000

c). Current assets = total assets - net plant and equipment

                             = 2,900,000 - 2,600,000

                              =$ 300,000

d). Total current liabilities = total liabilities and equity - total common equity - long term debt

                           = 2,900,000 - 1,550,000 - 750,000

                           = $ 600,000

e). Accounts payable and accruals = total current liabilities - notes payable  

                                                          = 600,000 - 145,000

                                                          = 455,000

f). Net working capital = current asset - current liabilities

                                    = 300,000 - 600,000

                                   = - $300,000

g). Net operating working capital = current assets - accounts payable and accruals

                                  = 300,000 - 455,000

                                 = - $ 155,000

h). The difference between f) and g). represents the balance of notes payable.  

5 0
3 years ago
Ellen Carson’s sales for 5 months were $26,908, $28,386, $28,730, $27,290, and $29,009. What must be her sales next month if she
hjlf

Answer:

$28,065

Explanation:

The moving averages method uses the means of the previous months as the forecast for the next months.

The formula for the moving average is as below.

Moving Average = (n1 + n2 + n3 + ...) / n

In this case, the Moving average = $26,908 +$28,386 +$28,730, $27,290+  $29,009 / 5

= $140,323 /5

=$28,064.6

=$28,065

7 0
3 years ago
how might an interactive leader like mary barra communicate a policy change that impacts all gm employees from executive-level m
CaHeK987 [17]

A dynamic leader must establish task teams at various organizational levels to communicate the advantages of a policy change, organize a series of town hall meetings to discuss the change and hear employee concerns, and hold informal meetings with senior managers, department heads, and staff members.

<h3>What is a policy?</h3>

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies. Policies used in subjective decision-making typically help senior management with choices that must be based on the relative merits of a variety of variables and, as a result, are frequently challenging to assess objectively, such as work-life balance policies. In addition, governments and other institutions have policies in the form of laws, rules, guidelines, administrative procedures, rewards, and voluntary practises. Resources are frequently distributed in accordance with policy choices. A policy is a guideline for recurring or routine organizational actions.

To learn more about policy, visit:

brainly.com/question/360779

#SPJ4

7 0
1 year ago
When incorporating a business, which one of the following is not a major step to take?
lina2011 [118]

Incorporation of business means staring a new business in corporate form. At the time of incorporation of a business, it is necessary to file employee policies with the proper state agency important and preparation of articles of incorporation and bylaws, but holding an incorporator's meeting is not a major step.

Hence, the correct answer is:

B. Holding an incorporator's meeting

5 0
3 years ago
Which of the following illustrates an inflow of cash? a. a decrease in common stock b. a decrease in long-term debt c. a decreas
Alexeev081 [22]

Answer:

The answer is C.

Explanation:

A decrease in inventory means customers are buying inventories (goods) from the business. It is an inflow because money comes in.

Option A is incorrect because a decrease in common stock means shareholders are withdrawing their shareholding from the business and the business will pay them. This is an outflow.

Option B is incorrect because a decrease in long term debt means the business is paying its debt or redcuing its liability and this is an outflow.

Option D is also incorrect because an increase in fixed assets means the business is buying this asset with cash and this is an outflow

6 0
3 years ago
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