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3 years ago

"which expenses would most likely be classified as prepaid expenses (asset) rather than accrued expenses (liability)?"

2 answers:

8 0

Expenses likely to be classified as prepaid expense (asset) are Prepaid Rent & Insurance Premiums. Enter a prepaid rent payment on the balance sheet as an asset until the month when the company is actually using the facility to which the rent relates, and then charge it to expense. Any insurance premium costs that have not expired as of the balance sheet date should be reported as a current asset such as Prepaid Insurance.

victus00 [196]3 years ago

4 0

Prepaid expenses are those expenses that are paid for in one accounting period. The first and the foremost example of prepaid expenses (assets) is insurance. Insurance is paid before hand, in advance on many occasions for example, health insurance. Apart from this another example can be rent, you have to pay the rent one month in advance and then live in place. On the other hand accrual expenses are liabilities. Hence these two are the best examples of prepaid expenses.

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How many employees does a walmart have at one specific location?

grigory [225]

Well from the looks of it, like 3

No thats a joke, on average Walmart has 20-50 employees on location at once

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3 years ago

Choose the statement about ITQs that is correct.

melomori [17]

Answer:

D. When ITQs are used, no one has an incentive to cheat and exceed the quota.

Explanation:

As ITQs (individual transferable quotas) were initially created by the government to regulate an above all, social affair, which is related to the share in the total allowable catch of fish (species).

Since some of the fishermen have lower and some have higher marginal costs of "producing" fish, they trade ITQ's between themselves, with those who have high marginal costs selling ITQs to those that have low marginal costs. Also, the marginal private cost now becomes determined by the initial marginal private cost of the fish, plus the <u>price of the ITQ</u>. Then, it becomes known as the marginal social cost.

The equilibrium for the ITQ price is the difference between the <em>marginal social benefit</em> and the marginal cost. With the base marginal private cost becoming the marginal social cost, no one has the incentive to exceed the quota, as that would make the marginal cost go higher than the price, and the marginal profit lower. This notion creates the equality between self-interest and social interest.

4 0

3 years ago

Compare the words spice and police.How are they alike?How are they different?

Charra [1.4K]

They’re both have ice in the words they’re both nouns
Sorry I don’t know how they’re different maybe (the police is a person/or a group of people ) and a spice is a thing used for food

3 0

3 years ago

What resource management activity identifies and verifies that personnel are qualified for a particular position?

katovenus [111]

Answer:

The correct answer is Qualifying.

Explanation:

Professional qualification is the set of professional competencies with significance in employment that can be acquired through modular training or other types of training, as well as through work experience.

A person is qualified when in the development of his work he obtains results that are at the level demanded by the productive system, that is, in his work performance he obtains the expected results, with the resources and the level of quality due.

6 0

4 years ago

A production possibilities frontier with a bowed-outward shape indicates a. increasing opportunity costs as more and more of one

Arada [10]

Answer:

a. increasing opportunity costs as more and more of one good is produced

Explanation:

A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.

The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.

If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.

The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.

I hope my answer helps you

3 0

3 years ago