3 years ago

Which of the following is considered to be an accrued expense?

1 answer:

8 0

Answer:

B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

Explanation:

An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.

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How many days will it take for a sum of $1300 to earn $16 interest if it is deposited in a bank paying simple interest at the ra

Sav [38]

The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days

Hope it helps!

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3 years ago

On December 1, Year 1, El Primero Company purchases inventory from a foreign supplier for 40,000 coronas. Payment will be made i

choli [55]

Answer:

The answer to the question is attached with the document.

Download docx

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2 years ago

Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus

Serggg [28]

Answer:

b. $14,939

Explanation:

Property placed in service in 1st year:

Amount $

2nd quarter 15,000

3rd quarter 6,000

4th quarter <u>40,000</u>

Total furnishing at beginning of 2nd Year $61,000

Half Year depreciation rate in 2nd Year as per Macrs table under "7 years life" assets, the applicable depreciation in the 2nd year is 24.49%

Thus, amount of depreciation expense is allowable in the current (second) year of ownership = $61,000 * 24.49% = $14938.90

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2 years ago

Trump Company issued $200,000 of bonds payable at face value on March 1, 2016. The bonds were authorized on January 1, 2016, wit

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Answer:

I beeleev yowr ansr iz tin

Explanation:

i have a bog grain

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2 years ago

The expected return on the market portfolio is 18%. The risk-free rate is 10%. The expected return on SDA Corp. common stock is

svlad2 [7]

Answer:

The answer is SDA Corp stocks alpha is -1.75%

Explanation:

CAPM E( $r_{SDA}$ ) = 10 + 1.25(17 - 10) =

= 10 + 1.25(7)=

= 10 + 8.75

= 18.75%

$\alpha_Sda$ = 17 - 18.75

= -1.75%

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3 years ago