1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vazorg [7]
3 years ago
5

Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided. Terms:A. P

repaid ExpensesB. Unearned RevenuesC. Accrued RevenuesD. Accrued Expenses<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />Statements:1. A revenue not yet earned; collected in advance___2. Office supplies on hand that will be used in the next period___3. Subscriptions revenue collected; already earned___4. Rent not yet collected; already earned___5. An expense incurred; not yet paid or recorded___6. A revenue earned; not yet collected or recorded___7. An expense not yet incurred; paid in advance___8. Interest expenses incurred; not yet paid___
Business
1 answer:
lara [203]3 years ago
8 0

Answer:

Explanation:

1. Prepaid Expenses: In this transaction, the collection is made in advance so it will be come under prepaid expenses

2. Prepaid Expenses: In this transaction, the office supplies are used in the next period, so it will be treated as prepaid expenses

3. Accrued revenues: The subscription revenue is already earned, so it will be treated as a accrued revenues

4. Accrued revenues: The rent is earned but not collected, so it will be treated as a accrued revenues

5. Accrued Expenses: As the expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

6. Accrued Revenues:  As the revenue is earned but not yet collected or recorded so, it will be treated as an accrued revenues

7. Accrued Expenses: As the interest expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

You might be interested in
Which of the following statements is TRUE about payday loans? A. They are harder to pay back because of high fees and B. They ar
Firdavs [7]

Payday loans are B. harder to pay back because of low fees and high intesest rates. Payday laons are small amount loans that are given to a person with a high interest rate. These loans are deemed to be paid back to the lender when the borrow receives their next paycheck.

6 0
3 years ago
Read 2 more answers
Baine lived in Bristol Harbor, a resort area on the Atlantic coast. She entered into a written agreement to sell her daily catch
morpeh [17]

<u>Solution and Explanation:</u>

A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.

Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.

Valid contract: The elemenst of  valid contract must be seen.

Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.

hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.

5 0
3 years ago
Paraguay’s economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this si
Art [367]

Paraguay's economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this situation is none.

The economy of Paraguay is a market financial system that is distinctly depending on agriculture products. In latest years, Paraguay's economic system has grown because of improved agricultural exports, especially soybeans. Paraguay has the monetary benefits of a young population and great hydroelectric energy.

Paraguay has been one of the poorest and most unequal nations at the continent for a long term. the total poverty rate — defined by using the world financial institution as those with an income of much less than $3.10 a day — in Paraguay rose in 2016 from 26.6 percent to 28.8 percent.

Learn more about economy here: brainly.com/question/2824360

#SPJ4

7 0
2 years ago
After initial investigation into this topic, you suspect that several problems you identified in your scope statement might not
mr Goodwill [35]

Answer:ok so...

Explanation:

8 0
3 years ago
At an inflation rate of 7 percent, the purchasing power of $3 would be cut in half in 10.25 years. how long to the nearest year
lyudmila [28]
The applicable formula is;
A = P(1-r)^n

Where;
A = Final purchasing power
P = Current purchasing power
r = inflation
n = Number of years when P changes to A

Confirming the first claim:
A = 1/2P (to be confirmed)
P = $3
r = 7% = 0.07
n = 10.25 years

Using the formula;
A = 3(1-0.07)^10.25 = 3(0.475) ≈ 3(0.5) = $1.5
And therefore, A = 1/2P after 10.25 years.

Now, give;
P = $9
A = 1/4P = $9/4 = $2.25
r = 6.5% = 0.065
n = ? (nearest year).

Substituting;
2.25 = 9(1-0.065)^n
2.25/9 = (1-0.065)^n
0.25 = (1-0.065)^n
ln (0.25)= n ln(1-0.065)
-1.3863 = -0.0672n
n = (-1.3863)/(-0.0672) = 20.63 years

To nearest year;
n = 21 years

Therefore, it would take approximately 21 years fro purchasing power to reduce by 4. That is, from $9 to $2.25.
7 0
3 years ago
Other questions:
  • Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend, John, disapproves of duck hunting,
    9·2 answers
  • Knowledge Check 01 Assume that we use a perpetual inventory system and that five identical units are purchased at the following
    12·1 answer
  • Gessner LLC patented a process it developed in the current year. The patent is expected to create benefits for Gessner over a 10
    10·1 answer
  • Two U.S. companies are competing to take over a large factory in the Czech Republic. One dele-gation tours the facility and asks
    12·1 answer
  • Major American car manufacturers are offering buying incentives to newly graduated college students who traditionally have littl
    12·1 answer
  • Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2014, when
    8·1 answer
  • You are looking for your first credit card. You plan to use this credit card only for emergencies and to pay the credit card bal
    5·1 answer
  • The following details are provided by Western Wear Merchandisers. The company uses the periodic inventory system.
    10·1 answer
  • You are considering investing in a project with the following possible outcomes: States Probability of Occurrence Investment Ret
    14·1 answer
  • The chubb group, an insurance company, regularly supplies funds for programming on the public television network. its donations
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!