All categories

3 years ago

An expense that has been incurred but not yet paid is called a(n) ________.

1 answer:

3 0

<span>An expense that has been incurred but not yet paid is called an accrued expense.
An expense is categorized into many types according their property, like discount expense, depreciation expense, prepaid expense etc
Salaries payable and interest payable are the examples of Accrued expense, salaries payable are for one accounting period, they are not paid until the next.</span>

You might be interested in

In an equipment replacement decision, the cost of the old equipment is a(n)

algol13

In an equipment replacement decision, the cost of the old equipment is called Bsunk cost.

6 0

3 years ago

All of the following will cause a decline in a company’s gross profit EXCEPT A : clearance of discontinued inventory. B : sellin

VARVARA [1.3K]

Answer:

c. paying lower prices to its suppliers.

Explanation:

A : clearance of discontinued inventory.

Clearance is most often used when a shop wants to clear a particular stock line. reduce sell price with effect in gross margin

B : selling products with a lower markup.

Markups are the ratio of gross profit to sales price.

D : increased competition resulting in a lower selling price.

lower prices will lead to higher sales volumes, which may make up for the lower profit margin

3 0

2 years ago

There will be a higher equilibrium price and lower quantity if _____.

Naddik [55]

Answer:

Supply increase and demand decreases

8 0

3 years ago

An apparel manufacturing plant has estimated the variable cost to be $3.30 per unit. Fixed costs are $1,800,000 per year. Forty

erica [24]

Answer:

$15.30

Explanation:

Given that,

Fixed costs = $1,800,000 per year

Variable cost = $3.30 per unit

40% of its business is with one preferred customer.

Total units sold in a year = 150,000

Unit cost per item:

= (Fixed cost ÷ Total units sold) + Variable cost per unit

= ($1,800,000 ÷ 150,000) + $3.30

= $12 + $3.30

= $15.30

Therefore, the unit cost per item is $15.30.

4 0

3 years ago

He gross domestic product (gdp) of the united states is defined as the

Mashcka [7]

The worlds most largest national economy in nominal terms. Is the second largest in purchasing power parity (ppp).
representing 22 percent of nominal global gpd and 17 percent of gross world product (gwd)

5 0

3 years ago

An expense that has been incurred but not yet paid is called​ a(n) ________.

An expense that has been incurred but not yet paid is called a(n) ________.