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EastWind [94]
3 years ago
8

3. Why accrue an expense?

Business
1 answer:
statuscvo [17]3 years ago
8 0
Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
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Answer: The correct answer is "c.spectators".

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Megan Finder, a recent college graduate, is applying for her first credit card. The creditor has asked for a personal net worth
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Answer and Explanation:

The computation of the net worth statement is shown below:

Assets

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Liabilities

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Alma won a beauty contest and received $3,500 in cash. In 4 years, when Alma turns 21, she wishes to go to Las Vegas. Her parent
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Answer:

Alma would have $ 4,269.61   for her trip in four years' time

Explanation:

The amount she would have for her trip in four years' time can be computed using the future value formula which is given as:

FV=PV*(1+r/t)^N*t

PV is the amount she has today which is $3,500

r is the rate of return the credit union offered her,that 5%

t is the number of times in a year the interest is compounded which is 4

N is the number of years the investment would last which is 4 years

FV=$3,500*(1+5%/4)^4*4

FV=$3,500*(1+1.25%)^16

FV=$3,500*(1.0125)^16

FV=$3,500*1.219889548

FV=$4,269.61  

Alma would have $ 4,269.61   for her trip in four years if the $3,500 is invested at 5% compounded quarterly

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ANSWER QUICK<br> If the price of raw materials rises, a company’s _____ cost increase.
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I think it’s material
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3 years ago
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