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fomenos
3 years ago
13

An accrual of wages expense would have what effect on the balance sheet? A. Decrease liabilities and increase equity B. Increase

assets and increase liabilities C. Increase liabilities and decrease equity D. Decrease assets and decrease liabilities E. None of the above
Business
2 answers:
Salsk061 [2.6K]3 years ago
8 0

Answer: C. Increase liabilities and decrease equity

Explanation:

Wages payable are wages that a firm's workers have earned, but have not yet been paid and using the accrual method of accounting, it is recorded with an adjusting entry at the end of the accounting period. This allows the amount to be included as a current liability in the balance sheet. An accrual of wages expense increase wages payable (a current liability) and decreases retained earnings (equity) resulting from the decrease in net income. Therefore, An accrual of wages expense would increase liabilities and decrease equity.

nydimaria [60]3 years ago
5 0

Answer:

C. Increase liabilities and decrease equity

Explanation:

Accrued wages are the wages expense which is incurred and no been paid yet. This expense is recorded as follow

Dr.  Wages Expense   $xxx

Cr.  Wages Payable    $xxx

Expense ultimately settles in the equity balance through net income and retained earning. It decreases the net income, retained earning and equity balance as well.

On the other hand the wages payable is a liability account, due to credit nature a credit entry will increase its balance.

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In the economy, tax revenue collected by the government this year is $15 million and government outlays are $13 million. This co
zubka84 [21]

Answer:

budget surplus of $2 million

Explanation:

When income or receipt increases from the outlay, then budget surplus arises. Whereas when outlay increases from the income or receipts the budget deficit arises.

Revenue Collection for the year = $15 million

Government outlay for the year = $13 million

Budget Surplus / Deficit = $15 million - $13 million = $2 million budget Surplus

6 0
2 years ago
Read 2 more answers
Most farmers own wells and tube-wells in their farms for irrigation to increase their produce, what adverse effect can this have
Mrac [35]

Most farmers own wells and tube wells on their farms for irrigation to increase their production, which affects the water level. Thus, option B is correct.

<h3 /><h3>Who is a farmer?</h3>

A farmer is someone who does agribusiness and cultivates living things for food or natural goods like crops, cotton, etc.

The farmers would have wells and tube well on the farm because the irrigation to be much at a higher level with water reduces the water level of the ground to a significant amount which would in the future affect the soil plantation as well the soil binding capacities

There will be a large-scale depletion in the water that is present underground. Therefore, option B is the correct option.

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A decrease in agriculture output

B reduction of the water level

C loss of capital

D loss of soil fertility

5 0
1 year ago
Producer surplus directly measures a. the well-being of buyers and sellers. b. the well-being of society as a whole. c. the well
marissa [1.9K]

Answer:

c. the well-being of sellers.

Explanation:

A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

On the other hand, consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Hence, an export subsidy will increase producer surplus.

In conclusion, producer surplus directly measures the well-being of sellers.

4 0
2 years ago
"carrie bought a house five years ago for $150,000. at that time she borrowed $140,000 from her bank. the house is now worth $16
vesna_86 [32]

Answer: PMI will automatically be dropped when the balance reaches $117,000.

Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.

PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.

7 0
3 years ago
question 4 according to a forbes magazine study, the annual cost of cybercrime in the united states alone has reached how much?
jeka94

According to a forbes magazine study, the annual cost of cybercrime in the united states alone has reached about $100 million.

<h3>What is a cybercrime?</h3>

This refers to the use of computers or other electronic devices via information systems such as organizational networks or the Internet to facilitate illegal behaviors.

In 2021, the forbes magazine study shows that the annual cost of cybercrime in the united states alone has reached about $100 million.

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4 0
1 year ago
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