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AVprozaik [17]
3 years ago
6

​Saturn, Inc. paid the rent for the current month in cash. Which of the following accounts will be used to record the​ transacti

on?
A) Prepaid RentB) Rent PayableC) Rent RevenueD) Rent Expense
Business
1 answer:
Bess [88]3 years ago
8 0

Answer:

D) Rent Expense

Explanation:

As per the principles of accounting we follow the accrual principal, where the expense for a period when accrued is accounted for, even if not paid a liability is created. Here, there is payment of rent for the current month in cash, there is nothing due, it is actually paid, since it is paid only for the current month there is nothing paid in advance that shall be debited to prepaid rent. Therefore, the provided rent paid for the current month will be considered as expense for the period and charged as rent expense.

Thus, correct option is

D) Rent Expense

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What will happen to the current ratio if current assets increase, while everything else remains unchanged?
Nana76 [90]

The current ratio will increase if current assets increase, while everything else remains unchanged.

This is further explained below.

<h3>What is the current ratio?</h3>

Generally, A liquidity ratio that evaluates a company's capacity to pay short-term debts or those that are due within the next year is called the current ratio.

It explains to investors and analysts how a business may get the most out of the current assets that are shown on its balance sheet in order to pay off its current debt and any other payables.

A current asset is defined as any asset that a company can reasonably expect to sell, consume, or deplete through the normal operations of the business inside the current financial year or an operating cycle, or an economic year.

In other words, a current asset is an asset that will be sold, consumed, or exhausted.

In conclusion, If current assets continue to grow while everything else stays the same, the current ratio will continue to show an upward trend.

Read more about current assets

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5 0
1 year ago
What is an important characteristic of the M1 money supply? . . A. liquidity . . . . C. flexibility . . D. solidity .
Mrrafil [7]

An important characteristic of the M1 money supply would be liquidity. The correct answer between all the choices given is the first choice or letter A. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.

6 0
3 years ago
Read 2 more answers
Empirical estimates show that for men ____________________________. a) the income effect is greater than the substitution effect
disa [49]

Answer:

a)- the income effect is greater than the subsitutuion effect

Explanation:

4 0
3 years ago
Which of the following statements about torts is correct?
swat32

Hello There!

Your answer would be <u>C). A tortious act may also be a criminal act.</u>

The reason why C would be your answer is because a tortious act is something that harms someone in any way. The reason why it "may" be a criminal act is because determine if the tortious act is a criminal act really depends on the scenario that is occurring. For example, someone could cause a tortious act in a way of self defense, this scenario would be debatable because the person that committed the tortious act had a valid reason in doing so, and that was protecting themselves. But, if a person was to cause a tortious act by  hurting someone to steal from them, then that would definitely be a criminal act because they are performing dangerous things to someone else, and the person could file a lawsuit against it.

Let's dive into why the other answer choices are incorrect. We can use the old fashion process of elimination:

Answer choice "A). A tortious act is always a criminal act" is incorrect because it is not always a criminal act, it depends on the scenario it's in. This is the reason why this answer choice would be eliminated.

Answer choice "B). A criminal act is always a tortious act" is incorrect because there are MANY criminal acts that doesn't harm anyone, for example, tax evasion (not paying taxes) is a criminal act, but does not cause any harm to anyone. This is the reason why this answer choice would be eliminated.

Answer choice "D). A tortious act is the same as a contract dispute" is incorrect because harming someone is not the same as not doing what a contract says. A contact dispute is when someone that's part of a contract did not do a duty that the contract says that they're suppose to do, and that usually doesn't have to be any harm to anyone. That would not be the same as a tortious act, harming someone. This is the reason why this answer choice would be eliminated.

6 0
3 years ago
Boltz Manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 ye
AURORKA [14]

Answer:

The answer is: False

Explanation:

The "behavioral approach o management" and the "human relations movement" are basically the same thing.

The human relations movement was founded by sociologist Elton Mayo in the 1930s after his famous Hawthorne experiments. He would increase or decrease the light intensity in the factory and observed how it affected productivity.

He discovered that after increasing or decreasing lights the productivity always raised. So what really altered productivity was the fact that employees felt that management cared about them.  

6 0
3 years ago
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