<span>Prepaid expenses are eventually expected to become expenses when their future economic value expires.
A common example of prepaid expenses are insurance/insurance polices because they are something you pay for in advance even though you may not need until a time in the future. Prepaid rent is also a prepaid expense because you are paying in advance for a future month. These items until used are considered an asset to the company. </span>
The answer to this question is the "Probationary Period". Hence when the disability income usually has a "probationary period" which is a time delay or the waiting time from the date of the issuance of the policy until the benefit privileges are being activated by the member and the office. This probationary period is somehow the observation period such the performance of the member is being monitored.
Since Eva would like more information on services available at her bank, she can use the following resources explained in item 3,5 and 2.
Item 3 customer services representative at the bank. This is the best choice. Item 2 printed material and item 5 bank websites can be included.
If an individual exercises sound reasoning to analyze issues by obtaining and interpreting facts and data, the person is demonstrating critical thinking/problem-solving competency.
Competency refers to the characteristics or skills that improve the performance of a particular job.
It should be noted that a person that has critical thinking/problem-solving competency will be able to make sound reasoning in order to analyze issues, make decisions and overcome problems.
Such a person is able to interpret facts and data in analyzing a decision. The person also demonstrates inventiveness and originality.
Read related link on:
brainly.com/question/25371838
Answer:
Notes payable; $10,000
Explanation:
Given that,
Borrowing amount = $10,000
Time period = 60 day
Interest rate = 8%
On the due date of the note, avers co. paid the amount.
Therefore, this entry would be recorded by Avers with a debit to Notes payable with an amount of $10,000.
Interest amount = $10,000 × (60 ÷ 360) × 0.08
= $10,000 × 0.17 × 0.08
= $136
(Note: Assuming 360 days in a year)
Therefore, the Journal entry is as follows:
Notes payable A/c Dr. $10,000
Interest Expense A/c Dr. $136
To cash $10,136
(To record Avers pays the amount due in full)
