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3 years ago

Prepaid expenses have

Business

1 answer:

Scrat [10]3 years ago

7 0

Answer:

Been paid for but not yet recorded as expenses

Explanation:

Prepaid expenses have been paid for but not yet recorded as expenses.

They are future expenses paid for in advance or costs that have been incurred without the benefits being enjoyed by the company.

A good example of prepaid expenses id Rent paid in advance at the beginning of the year. Such rent is a cost incurred in advance as the rent period has not been enjoyed yet.

The entries for such prepaid expenses is to debit 'prepaid expenses' like an asset and credit Bank/Cash. The expense account is debited after the benefits have accrued, with the corresponding Credit going to the Prepaid expenses account.

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2. Whom would you choose as a referent on this job? What steps would your manager take to make you feel that you were being equi

DENIUS [597]

Answer is given below

Explanation:

The comparison is an indication to determine if the treatment is the same. Mentioned may be another person or a group of people similar to them. The Reference Canal may be a person with a previous job or anyone has guesses as to what the result/input ratio will be.
Employees are treated equally when they feel that their result / input ratio is equal to the output or input ratio mentioned. Equity is related to the fairness of the results relative to the inputs.
Managers help treat employees equally by ensuring that those who provide multiple inputs are rewarded with more results than those who provide less input. If a person changes one aspect of his ratio, the manager must ensure that the other side of the ratio also changes.
As the input increases, so does the outcomhold. If the input decreases, the results also decrease. Equity is present when an individual's own result / input ratio is less than the forecast. This happens when an employee compares him or her to a reference and does not want to achieve the results he or his investment has achieved.
Equity can be restored by trying to increase growth (by inputs, bonuses or allocating time) or by removing inputs (being late or falling short, doing less work) and turning it into a more accurate indication. If these methods fail, a planned company will choose to depart

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4 years ago

What is a teaming agreement? An agreement that will force both the vendor and customer to work together An agreement designed to

pantera1 [17]

Answer: An agreement between two teams who are not working together

Explanation: A teaming agreement refers to the agreement made by two or more individual corporations to work together.

Usually these agreement are made by the leading entities of an industry to bid on Government contract, so that there will be less competition and everyone gets the fair share in profit.

Such agreements are considered totally legal so the companies do not need to keep it in any secrecy.

Hence from the above we can conclude that statement 4 is correct.

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3 years ago

beverly would like to take action to improve interprofessopmal communication among staff members. To be a successful agent of ch

zhannawk [14.2K]

The action that Beverly has to take first to be able to promote interprofessional communication would be Collection information about the situation.

<h3>What is interprofessional communication?</h3>

This is a term that has to do with the communication that takes place between the people that have similar occupation or profession.

It is when people in health are able to communicate within themselves, their patients and families in a more responsible way.

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brainly.com/question/25709454

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2 years ago

During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of 6% preferred stock outstanding. The prefe

AfilCa [17]

Answer:

$6.5 per share

Explanation:

Given that,

Net income = $6,000,000

Preferred dividend = $150,000

Weighted average number of common shares = 900,000

Angel's Basic earnings per share:

[Net income - Preferred dividend ] ÷ Weighted average number of common shares

= [$6,000,000 - $150,000] ÷ 900,000

= 5,850,000 ÷ 900,000

= $6.5 per share

4 0

3 years ago

Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 7

bonufazy [111]

Answer:

1) total equivalent units:

materials = 73,000

conversion = 81,500

2) costs assigned to ending WIP:

materials = $23,013.70

conversion = $27,288.32

Explanation:

beginning WIP 78,000 + 10,000 - 73,000 = 15,000

materials = 100% (0 added during the period)

conversion = 30% (70% added during the period, 10,500 EU)

units started 73,000

units finished 78,000

units started and finished = 63,000

ending WIP 10,000

materials = 100%

conversion = 80%, 8,000 EU

Beginning WIP

Materials $24,000

Conversion $35,000

Costs added during the period:

Materials $168,000

Conversion $278,000

total equivalent units:

materials = 73,000

conversion = 10,500 + 63,000 + 8,000 = 81,500

cost per EU:

Materials = $168,000 / 73,000 = $2.30137

Conversion = $278,000 / 81,500 = $3.41104

costs assigned to ending WIP:

materials = 10,000 x $2.30137 = $23,013.70

conversion = 8,000 x $3.41104 = $27,288.32

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3 years ago