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nataly862011 [7]
3 years ago
8

Describe the reason that accrued expenses often require adjusting entries but not in every situation. g

Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

Following are the solution to the given question:

Explanation:

Accrued Expenses:

The expenses accumulated were costs pending only at the conclusion of the financial day to be paid. Your financial reports would be made around an accrual basis, meaning the revenue would be booked appropriately without receiving the money. Likewise, the costs incurred during the existing fiscal year will be booked irrespective of if they're not paid.

Usually, know that such a cost is incurred only at end of the fiscal year until we have been paid.

When at the conclusion of a fiscal year we won't receive this bill, therefore the costs will have to be modified directly. In case the payment is not received.

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A national brand of yogurt advertised that its special bacterial ingredients were scientifically proven to boost the immune syst
inn [45]

Answer: The consumers who thought the advertising for yogurt was misleading will complain to the Federal Trade Commission (FTC).

The Federal Trade Commission (FTC) was established in 1914 by the Federal Trade Commission Act. It is an independent agency whose aim is to protect consumer interests and eliminating and preventing anti-competitive business practices.

In USA, not all complaints of false advertising can be reported to the FTC. Since the product in question is a dietary supplement, it can be reported to the FTC.

3 0
3 years ago
Read 2 more answers
On April 31, 2018, Elkhorn Associates borrowed $10 million cash from Colonial Bank and issued a 5-month, noninterest-bearing not
Nady [450]

Answer:

b. Less than the effective interest rate

Explanation:

The stated discount rate on this loan is Less than the effective interest rate

As the note is noninterest-bearing note, the stated discount rate on this loan is less than the effective interest rate.

4 0
4 years ago
The most important tax rate for determining an individual's incentive to work is the _____ tax rate.
zheka24 [161]

The most important tax rate for determining an individual's incentive to work is the margnal tax rate.

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

Tax refers to the compulsory financial charge or levies on an individual or entities by governments in almost every country of the world.

Tax is a tariff or duty that is the revenue of the government which is levied by it on the income of the workers, business profits, and also added to goods and sevices.

A tax rate is the rate or a percentage at which an individual or corporation is taxed. Basically, there are two types direct taxes and indirect taxes.

Learn more about tax here:-

brainly.com/question/16423331

#SPJ4

6 0
2 years ago
If a corporate building has nine office suites that rents for $14,800 per month each, but suffers from a 14% vacancy rate and an
tekilochka [14]

Answer:

=$1,353, 524

Explanation:

NOI stands for net operating income

In this case, NOI will be calculated as follows

Rent per suit = $14,800

Number of suits 9

The monthly rent will be

=$14,800 x 9

=$133,200

Annual rent will be monthly rent x 12

= $133,200 x 12

=$1,598,400

Considering a 14 % vacancy rate, expected annual rent collection

=$1, 598,400 minus 14% of $1, 598,400  or 86% of $1, 598,400

= 86/100 x $1, 598,400

=$1,374,624

Adjusting for annual expenses

= $1,374,624 -  $21,100

=$1,353, 524

4 0
3 years ago
A seller listed her residence with a broker. The broker brought an offer at full price and satisfying terms of the listing from
schepotkina [342]

Answer:

The correct answer is owes commission to the broker.

Explanation:

The remuneration of real estate agents, in most transactions, is carried out as follows:

Two agents participate in the transaction: the one that represents the seller and the one that represents the buyer; It is the seller of the property responsible for paying the commission, which generally ranges between three percent (3%) and six percent (6%) on the sale price, and which is often divided into parts equal between both agents.

The homebuyer in most cases does not pay any commission to the real estate agent.

It is normal for the owner to try to sell his real estate directly, without hiring the real estate agent, based on the belief that this saves six percent (6%) of the commission charged by this professional; and it does not notice that in reality the direct sale supposes for the owner some expenses that, for the most part, equal that percentage; and, expenses which, are assumed by the real estate agent; being some of them, those mentioned above such as: Cost of printed advertising (flyers, brochures, "open-houses"), selection of potential buyers, visits to real estate; in short, a series of activities that translate into a benefit for the seller, insofar as the real estate agent assumes responsibilities that have not only an economic value, but a security and time value that prevents it from eventual stressful situations and risk to your person and your family group.

4 0
3 years ago
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