a. Check to utility company for $87.26.
d. The three open invoices issued to the hair stylist.
e. Check to the telephone company for $54.19
Telephone expense, Utility expense and Rent Invoices issued to barbers require a new journal entry.
An expense is an item that generally requires an outflow of money or some form of property to another person or group in payment for an item, service, or other category of expense. For tenants, rent is an expense. For students and parents, teaching is a cost.
Expenses are money that costs or must be spent to do something. Most of the marble was imported from Italy at great expense. Vacations with dogs can often come at an additional cost. It wasn't a lot of money, but it helped me pay my bills.
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Answer:
3.53 years
Explanation:
The computation of the payback period is shown below:
In year 0 = $8,300
In year 1 = $2,100
In year 2 = $3,000
In year 3 = $2,300
In year 4 = $1,700
If we sum the first 3 year cash inflows than it would be $7,400
Now we subtract the $7,400 from the $8,300 , so the amount is $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it
And, the next year cash inflow is $1,700
So, the payback period equal to
= 3 years + $900 ÷ $1,700
= 3.53 years
Answer:
False
Explanation:
Retained earnings have no flotation costs, but have opportunity costs. For example, if companies distribute the earnings to shareholders, shareholders can invest the funds in alternative sources for returns.
A stabilized budget is used to forecast income and expense over some period of years.
<h3>What is A
stabilized budget?</h3>
A budget that forecasts income and expenses over a short period of time, typically five years, is considered steady. a property's rent roll. can be used to calculate the potential annual rental income of a property.
After construction or a large refurbishment, the projected rental income, cost, or Net Operating Income Example: Stabilized income was predicted two years after an office building opened.
Thus, A stabilized budget is used to forecast income and expense
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