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
Anuta_ua [19.1K]
3 years ago
10

Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral

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

Answer:

deferral

Explanation:

Adjusting entries are when changes are made to already recorded journal entries.

Categories of adjusting entries :

  1. accrued revenues
  2. accrued expenses
  3. unearned revenues
  4. prepaid expenses
  5. depreciation.

Prepaid expenses are payments made for services yet to be delivered.

For example, paying for a year's worth of subscription on your streaming service

Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

You might be interested in
I got a question for dudes
Nataly [62]

Answer:

what

Explanation:

7 0
3 years ago
Incremental budgeting allocates increased or decreased funds to a department by using the last budget period as a reference poin
zloy xaker [14]

Answer:

True

Explanation:

The incremental budget technique is an important management accounting technique, which is prepared by making minimal changes in the previous budget. The budget is designed by allocating funds by using the preceding budget as a reference point. Incremental budget encourages spending up to the budget. It also helps to make sure that a reasonable budget is allocated for the next period.

6 0
3 years ago
(Ignore income taxes in this problem.) Alesi Corporation is considering purchasing a machine that would cost $283,850 and have a
gavmur [86]

Answer:

(A) Payback period for the machine= 3.5 years

(B) Simple rate of return for the machine= 87.5%

Explanation:

Alesu corporation is considering purchasing a machine that would cost $283,850

The useful life is 5 years

The machine would reduce cash operating costs by $81,100 per year

The salvage value is $107,100

(A) The payback period for the machine can be calculated as follows

= cost/amount of cash flow

= 283,850/81,100

= 3.5 years

(B) The simple rate of return for the machine can be calculated as follows

First we calculate the depreciation expense

= 283,850-107,100/5

= 176,750/5

= 35,350

Annual incremental income= cost savings -depreciation expenses

= 283,850-35,350

= 248,500

Simple rate of return = annual incremental income/cost × 100

= 248,500/283,850 × 100

= 0.875 × 100

= 87.5%

3 0
3 years ago
Why it is difficult to know what is “business casual”.?
dsp73
Because casual is an objective term and what constitutes "casual" attire may drastically differ by company
8 0
3 years ago
Read 2 more answers
The buyer of a futures contract A. assumes the short position. B. may not sell the contract without the permission of the origin
Anit [1.1K]

Answer:

D

Explanation:

Firstly, before we answer this question, we need to know what a futures contract is.

A futures contract can be defined as an agreement specifying the delivery of a commodity or a security at an agreed future date and at a currently agreed price.

This means to set a future contract rolling, we need to have an agreed date if delivery and currently agreed price by both parties involved.

Now, to the question, the correct answer is D. He has the obligation to deliver the underlying financial instrument at the specified future date

6 0
2 years ago
Other questions:
  • Use the following for the next five questions: The following data is given for the Walker Company: Budgeted production..........
    12·1 answer
  • ABC Insurance retains the first $1 million of each property damage loss and purchases insurance 22) for that part of any propert
    14·1 answer
  • When delivering bad news to customers, use an indirect strategy as you would with other bad news messages, and maintain a positi
    6·1 answer
  • A bond is aa.financial intermediary. b.certificate of indebtedness. c.certificate of partial ownership in an enterprise. d.None
    9·1 answer
  • A major goal of integrated marketing communications is to send a consistent message to _____.
    6·1 answer
  • Where can you find books when you Tabe To another level of class like level A D M and E
    12·1 answer
  • Blake was asked by his team leader to explore and evaluate the best ways to communicate with customers online. Although Blake is
    6·2 answers
  • During the taking of its physical inventory on December 31, Barry's Bike Shop incorrectly counted its inventory as $222,138.00 i
    14·1 answer
  • Which one of the following items is not generally used in preparing a statement of cash flows? Group of answer choices Adjusted
    12·1 answer
  • ou were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!