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
Shkiper50 [21]
4 years ago
14

State whether each situation is a prepaid expense (PE), unearned revenue (UR), accrued revenue (AR) or an accrued expense (AE).

Business
1 answer:
viktelen [127]4 years ago
3 0

Answer:

1.  Accrued Revenue of $ 245

2. Accrued expenses of $ 300

3. Unearned Revenue of $ 600

4. Prepaid expenses of $ 200

5. Accrued expenses of $ 1,200

Explanation:

1. The interest on savings bond is a revenue which has been earned but not received and is thus an accrued revenue.

2. The property expenses are an accrued expenses since these have been incurred  but not paid.

3. The unearned portion of the legal fees received is an unearned revenue, since services have not been provided.

4. The unexpired portion of insurance is a prepaid expense

5. Salaried due nut not paid is an accrued expenses since services ahve been received.

You might be interested in
When a central bank influences the growth of the money supply, it is carrying out _____.
a_sh-v [17]
<span>The correct answer is Monetary Policy. Monteray policies are made by institutions like central banks with the goal of adjusting or fighting inflation and deflation rates. Fiscal policies would be policies about public spending or about imports and exports and would be made by the congress and not by the central bank.</span>
3 0
3 years ago
Read 2 more answers
(i) The equity of John Blunt limited have a total market value of $86,000. Currently, Blunt limited has excess cash of $6,000 an
Ad libitum [116K]

Answer:

6.98%

Explanation:

Blunt's total market value = $86,000

stocks outstanding = 1,500

market value per share = $86,000 / 1,500 = $57.33

excess cash = $6,000

excess cash per share = $6,000 / 1,500 = $4

if excess cash is distributed, the price per share will decrease by $4 or by $4 / $57.33 = 6.98%

if instead of distributing excess cash among stockholders, the company repurchased treasury stock, then the stock price would probably increase, instead of decreasing.

7 0
3 years ago
One of your customers has just made a purchase in the amount of $12,000. You have agreed to payments of $290 per month and will
34kurt

Answer:

It will take 51 months.

Explanation:

As we know the constant payment of $290 monthly is the annuity payment to pay $12,000 with interest rate of 0.84% per  month. The Number of Months can be calculated by following formula.

Loan amount = PV = $12,000

Rate of interest = r = 0.84 %

Monthly Payment = P = $290

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

$12,000 = $290 x [ ( 1 - ( 1 + 0.84% )^-n / 0.84% ]

$12000 x 0.84% / $290 = 1 - ( 1 + 0.84% )^-n

0.347586 = 1 - ( 1 + 0.84% )^-n

0.347586 - 1 = - ( 1 + 0.84% )^-n

-0.652414 = - ( 1 + 0.84% )^-n

1 / 0.652414 = 1.0084^n

1.532769 = 1.0084^n

Log 1.532769 = n x log 1.0084

n = Log 1.532769 / log 1.0084

n = 51

6 0
3 years ago
Companies do their own tracking and monitoring of their customersâbehavior and they also hire research firms to do which type of
iren2701 [21]

Answer:

A) primary research

Explanation:

Primary research is defined as a methodology used by researchers to collect data directly, rather than depending on data collected from previously done research. Technically, they “own” the data.

Primary research is solely carried out to address a certain problem, which requires in-depth analysis.

Companies that specialize in interviewing, observing, recording and analysing the behaviour of those who purchase good and service are called primary research suppliers.

7 0
4 years ago
A list of all the accounts from the ledger with their ending balances is called a what?
mel-nik [20]
<span>Trial balance, Ofcourse !</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • Hamilton Wholesaling, an electronics wholesaling firm, provides many services to customers including buying, storing, and transp
    6·1 answer
  • Ghana provides an interesting case of both commodity and fiat money existing today. what is the "commodity"?
    12·1 answer
  • If your total monthly costs are bigger than your total monthly income you have a problem! Explain why? What should you do?
    14·1 answer
  • Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is th
    11·1 answer
  • Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numb
    12·1 answer
  • Piper Corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per
    14·1 answer
  • Latiker, Inc., manufactures and sells two products: Product Y9 and Product W0. Data concerning the expected production of each p
    7·1 answer
  • Descrobe any four characteristic of coordinating​
    5·1 answer
  • Your employer must offer (at no cost to you) a vaccine against ___________ if your job _____________.'
    5·1 answer
  • Letters of credit are popular among traders because the risk of non shipment are assumed by ________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!