Accrued expenses are those liabilities that have built up over time and are due to be paid. Accrued expenses are considered to be current liabilities because the payment is usually due within one year of the date of the transaction. Accounts payable are current liabilities that will be paid in the near future.
Jacob has the faster time because if you make the fractions equal you would make the denominators equal by rounding 3/4 to have a denominator of 12 making it 9/12 which is larger then 5/12 making Daniel's time slower then Jacob's.
