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
Flauer [41]
3 years ago
5

What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet?

Business
1 answer:
CaHeK987 [17]3 years ago
7 0

Answer: A. Expenses are increased

B. Net income is reduced

E. A liability (such as salaries payable) will be increased.

Explanation:

An accrued expense is an expense that is witten when it was incurred even before it's eventually paid. e.g wages payable.

The effect of an accrued expense such as salaries expense adjustment on the income statement and the balance sheet is that there'll ba na increase in expense. Also, there'll be an increase in liability such as the salaries payable. Since there is an increase in liability, thus will bring about a reduction in the net income.

You might be interested in
A firm is producing an output such that the benefit from one more unit is more than the cost of producing that additional unit.
Burka [1]
Losing they're investment dollars. calculating the cost of production.
5 0
3 years ago
The cost of sensors used in making digital cameras falls, while a successful ad campaign makes digital cameras more fashionable.
Wewaii [24]

Answer: Indeterminate; Increases

Explanation:

We know that sensors are used as an input in the production of digital cameras. So, if the price of sensors falls, as a result cost of production of digital cameras also falls. This will increase the supply of cameras and shift the supply curve rightwards.

At the same time successful ad campaign will make the digital cameras more fashionable and increases the demand for digital cameras. This will also shift the demand curve rightwards.

Hence, there is an increase in the equilibrium quantity but effect on equilibrium price is indeterminate because it will be depend upon the magnitude of the shift of demand and supply curve.

7 0
3 years ago
Because transit tends to be congested in this country, many people prefer to shop in their local neighborhoods. They tend to go
marta [7]

Answer: A few large flagship stores located in big cities; High-end pricing( Option A and D)

Explanation:

Because the people in this country usually shop close to their home, it would not be wise for a business to opt for few large flagship stores rather than a larger number of the smaller stores.

It would also be unwise for such business to sell mainly high-end products because the shoppers are used to good deals and haggling. Such company would be smart, to sell the products individually, because bulk purchases would make little sense for people that make frequent trips to the store.

Also, in a country with a congested transportation, an easy-to-access store locations will be important and having product experts on the floor who answers the questions of customers’ would appeal to network-oriented local culture.

3 0
3 years ago
Last month, Vern’s Assembly Department had a unit materials cost of $4.00 and a unit conversion cost of $5.00. The department tr
Mamont248 [21]

Answer:

The total cost of the department’s ending work in process inventory is $684,000

Explanation:

The computation of the total cost is shown below:

= Material cost + conversion cost

where,

Material cost = (Transferred units + ending work in progress) × material cost per unit

= (68,000 units + 12,000 units) × $4

= $320,000

Conversion  cost = (Transferred units + ending work in progress × percentage of completion) × material cost per unit

= (68,000 units + 12,000 units × 40%) × $5

= $364,000

Now put these values to the above formula  

So, the value would equal to

= $32,000 + $364,000

= $684,000

8 0
3 years ago
Just like models constructed in other areas of science, economic models
Alexandra [31]

Answer:

a. Incorporate assumptions that contradict reality

Explanation:

Economics also has assumptions in the models/theories that contradict reality.

7 0
3 years ago
Other questions:
  • What factor is NOT included in determining the total cost of a loan?
    14·1 answer
  • Which piece of information would you find on an income statement?
    10·1 answer
  • State and local crime rates are affected by citizens with gambling addictions.
    8·2 answers
  • Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $480,
    12·1 answer
  • A leftward shift in the supply curve for a good may be caused by any of the following except A. consumer expectation of an incre
    14·2 answers
  • Consider the following: Cash in Bank - checking account of $18, 500 Cash on hand of $500. Post dated checks received totaling $3
    14·1 answer
  • Which one of the following statements is correct? A) The lessor is primarily concerned with returning the asset at the end of th
    9·1 answer
  • I make $2,000/month. Of that the government takes $200 in taxes. Then I pay $1,000 for rent, $400 for food, and $200 in utilitie
    5·1 answer
  • The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as
    13·1 answer
  • Match each entity on the left to the correct establishment on the right.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!