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
vesna_86 [32]
3 years ago
9

Which type of adjusting entry is used to record a payment a company has not yet made for a service it received?

Business
1 answer:
givi [52]3 years ago
5 0

Answer:

C. Accrued expense

Explanation:

Because the expense has already been incurred, but not yet paid, it is an accrued expense.

You might be interested in
During its first year of operations, a company entered into the following transactions: Borrowed $5,000 from the bank by signing
fiasKO [112]

Answer:

The amount of total assets at the end of the year is $15,600

Explanation:

The computation of the total assets is shown below:

= Borrowed amount + issued stock to owners + purchase of supplies - paid to supplies

= $5,000 + $10,000 + $1,000 - $400

= $15,600

We considered all the items which are given in the question. The payment made to supplies should be deducted as it reduced the balance of cash So, the remaining items would be added

8 0
3 years ago
All of the following are characteristics of Weberian bureaucracy except:
azamat

Answer:

b. management is the same as the ownership of the organization.

Explanation:

Weberian bureaucracy is the term used for the bureaucracy concept introduced by Max Weber, the famous sociologist and economists. He clearly stated that for any kind of administration the basic need is to maintain some standard characteristics:

Which included hierarchy as basics, therefore, it clearly distinguished the management and ownership and both are on different hierarchy.

Therefore, the correct option is:

b. management is the same as the ownership of the organization.

6 0
3 years ago
John’s Limited manufactures screws that are used in the manufacture of tables. The table manufacturers require that the screws m
Juliette [100K]
NMjsjskakskkdjdjsjsjisksosk
5 0
3 years ago
Three major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as Union P
erma4kov [3.2K]

Answer and Explanation:

The computation of the asset turnover for all three companies is as follows:

<u>Particulars        YRC            UNP                CH </u>

Sales                4697500    19941000          13144413

Divided by

Average

total assets     1824700       55159000          3436058

Assets turnover  2.6                0.4                    3.8

4 0
3 years ago
In the context of the vertical structure of a firm, a wide span of control builds a _____ organization with few reporting levels
Natali5045456 [20]

Answer:

flat

Explanation:

In a vertical structure of organization, there is a pyramidal top-down structure

whereby there would be be owner at top i.e CEO, a manager at middle section as well as supervisor and employees at the bottom section.

It should be noted that In the context of the vertical structure of a firm, a wide span of control builds a flat organization with few reporting levels.

3 0
3 years ago
Other questions:
  • Which 3 statements regarding Bank Rules are true? (Select all that apply)
    11·1 answer
  • Suppose a country reduces restrictions on how many hours people can work. If reducing these restrictions increase the total numb
    12·1 answer
  • The possibility that management of the corporation may not be pursuing the same goals as the same goals as those of stockholders
    5·1 answer
  • Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to h
    10·1 answer
  • During a pandemic, goods and services may become scarce as a result of: A. Unwillingness to purchase goods and services due to f
    15·2 answers
  • Ziegler Company properly applies the lower of cost and net realizable value rule and determines that its inventory value has dec
    8·1 answer
  • The manager of ProduceBuddy is interested in asking consumers what they think about the store's new layout and expanded produce
    8·1 answer
  • The Master Budget You are currently working as a contractor building state of the art airports. One of the managerial accountant
    13·1 answer
  • On October 4, 2018, Sheffield Corporation had credit sales transactions of $5400 from merchandise having cost $2800. The entries
    7·1 answer
  • Since the mid-20th century, globalization has resulted in:
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!