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
hammer [34]
3 years ago
5

A company received a bill of $3,500 for utilities used in the current month. The journal entry to record this event: A. is not r

equired; no journal entry should be prepared until the utilities bill is paid. B. will include a credit to Accounts Payable for $3,500. C. will include a credit to Utilities Expense. D. will include a debit to Accounts Receivable for $3,500.
Business
1 answer:
lisabon 2012 [21]3 years ago
3 0

Answer:

B. will include a credit to Accounts Payable for $3,500.

Explanation:

<em>The journal entry to record Utilities bill for current month: </em>

Account details           Debit    Credit

Utilities expense          $3,500

  Accounts Payable                   $3,500

You might be interested in
Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 22% for two years and then at 5% therea
AleksAgata [21]

Answer:

The value of the stock = $19.64

Explanation:

According to the dividend valuation model, <em>the value of a stock is the present value of the expected future cash flows from the stock discounted at the the required rate of return.</em>

Year                     Workings                        Present value(PV)

1                 $1 × (1.22)  × 1.11^(-1)  =                     1.10

2                 $1 × (1.22)^2 ×(1.11)^(-2) =                1.21

3                 $1 × ((1.22)^2 × (1.05))/0.11-0.05) = 21.35 ( PV in year 2 terms)

PV (in year 0) of Year 3 dividend  = 21.35 × 1.11^(-2)

                                      = 17.33 (see notes)

<em>The value of the stock</em> = $1.10+ $1.21 + 17.3

                                      = $19.64

Notes:

<em>Note the growth applied to year 3 dividend gives the PV in year 2 terms. So we need to re-discount again to year 0.</em>

<em />

The value of the stock = $19.64

                                     

8 0
3 years ago
Both Schedules M-1 and M-3 require taxpayers to identify book-tax differences as either temporary or permanent. T/F
FinnZ [79.3K]

Answer:

The correct answer is False.

Explanation:

Schedule M-1 is required when the gross income of corporations or their total assets at the end of the year is greater than $ 250,000.

Schedule M-3 asks certain questions about the financial statements of the corporation and reconciles the net income (loss) of the financial statements for the corporation (or group of consolidated financial statements, if applicable).

8 0
3 years ago
1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home chil
nlexa [21]
 B) Family child care <span>refers to care of a child in someone else's home. This is like a day-care that exists in someone's place of residence. Usually there are a number of children enrolled at once, and the care-taker makes the home more suitable to the purpose, ensuring child safety and that there are plenty of activities to stimulate the children. 

</span>
8 0
3 years ago
Read 2 more answers
The issue of how much government should be involved in the economy has been the subject of much debate in Canada. In the United
Alekssandra [29.7K]

Answer:

<u><em>But where do we go from here? </em></u>

It depends on the result of more government intervention on quality life standards.

<u><em>Do we need less or more government involvement? </em></u>

It depends on the problems that need to be addressed. For example, to address problems such inequality it is mandatory that the government gets involve and create laws to prevent it. But surely for more movement of capitals there is no need of higher government involvement.

<u><em>Is it a question of the quality of that involvement?   </em></u>

Yes. If government has an effective involvement there is even desirable to have its intervention but if it complicates everything then is repeled.

<u><em>Could it be smarter rather than just less? </em></u>

Yes, because it is proved that the economy acts in an effective way to good policy making.

<u><em>How can the cost of government involvement decrease?</em></u>

In this aspect it is important to mention the environmental issues in nowadasy economy. If the measurement of what is defined as "cost" is understand in the long run as conservation and balance between nature and economic explotation of resources.

5 0
3 years ago
The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promot
slavikrds [6]
The calculating investor
5 0
3 years ago
Read 2 more answers
Other questions:
  • Harold runs a business that manufactures electrical equipment. Recently, he organized a press conference to promote the eco-frie
    12·1 answer
  • In a CBA, if the benefits of a control outweigh the costs of implementing that control, then the control can be implemented to r
    8·1 answer
  • Washington Inc. issued $846,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $9,
    13·1 answer
  • Buffalo bill's publicity agent, john burke, used _________ to promote bill's wild west show.
    5·1 answer
  • Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven
    9·1 answer
  • Which class of a hard hats does NOT protect you from electrical shock?
    13·2 answers
  • A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices
    8·2 answers
  • What is the Future of TV going to Look Like?
    13·2 answers
  • Which of the following activities are covered by OSHA's steel erection regulations?
    10·1 answer
  • In year 1, Heron Corp. has depreciation expense for income statement purposes of $10,000. The depreciation deduction on the tax
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!