which among the sentences below best describe prepayments?

a. payments made for economic benefits that do not ever expire
b. classified as liability on the balance sheet
c. generally all combined into one assets account called "miscellaneous prepaid expense"
d. assets, which become expenses as they are used up

Answers

Answer 1

The statement that describes prepayment is B. classified as liability on the balance sheet.

What is prepayment?

It should be noted that a prepayment simply means an accounting term that's used for the settlement of a debt in advance.

In this case, the statement that describes prepayment is that it is classified as liability on the balance sheet.

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Related Questions

Your company is planning to borrow $500,000 on a 10‐year, 10 percent, annual payment, fully amortized term loan. What is the annual payment?

Answers

your payment would be 10 percent of 500000s plus

Many people find it easier to save for short-term goals than long-term goals. One reason that it is NOT easier to save for short-term goals is that short-term goals _____. Select the best answer from the choices provided. A. take less time B. cost less money C. require less planning D. are more important

Answers

Answer:

So, your answer is 'A' because short term goals are just of few months of 3 years . But long term goals are said to be for, our future actions. like for retirement etc.

1.2 Describe the demand curve

Answers

Answer:

demand curve, in economics, a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis.

Explanation:

the usefulness of the worksheet is?
a. identifying the accounts that need to be adjusted
b. summarizing the effects of all the transaction of the period
c. adding the preparation of the FS
d. all of the above

Answers

The worksheet is used for identifying the accounts that need to be adjusted, summarizing the effects of all the transaction of the period and adding the preparation of the financial statements.

What is a worksheet?

It is a document used in the accounting department for analyzing and ensuring accounting entries and records. It is the working space for entering the additional information about the accounting data.

Hence, option D is correct with respect to the worksheet.

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(discuss the five value added role (economic benefits) of distribution centers?)

Answers

A warehouse or other specialized building, regularly equipped with refrigeration or air conditioning, which is stocked with goods to be delivered to retailers, wholesalers, or immediately to consumers is known as a distribution center for a set of merchandise.

What are the economic benefits of distribution centers?

Distribution facilities are designed to maximize performance on the subject of the:

IntakeProcessing, Storage,Distribution of goods

Thus, As a result of the establishment of distribution centers, less cash is wasted purchasing transient storage, coping with stockouts, or dropping clients because of not being on time or incomplete orders.

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After the price of a Wall Street Journal subscription increases by 5%, subscriptions among
people working in the technology sector declined by 10%, while subscriptions among people
working in the banking sector declined by 2%.
a. Calculate the price elasticity of demand for tech workers and bankers separately

Answers

Subscriptions among people working in the technology sector declined by 10%, After the price of a Wall Street Journal subscription increases by 5%. The price elasticity can be counted by the percentage change in quantity divided by the percentage change in price.

What is Wall Street?

Wall Street is used as an umbrella term to describe the financial markets and the companies that trade publicly on exchanges throughout the U.S. Wall Street has been the historic headquarters of some of the largest U.S. brokerages and investment banks, and is also the home of the New York Stock Exchange.

You'll find most major finance corporations on Wall Street and within the Financial District in Manhattan. Well-known companies include Goldman Sachs, Morgan Stanley, Deloitte, BlackRock.

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What is the definition of
continuous compounding?

Answers

Answer: Continuous compounding is the mathematical limit that compound interest can reach if it's calculated and reinvested into an account's balance over a theoretically infinite number of periods. While this is not possible in practice, the concept of continuously compounded interest is important in finance.

Explanation:

When is sales intelligence important? What are the three most important pieces of sales intelligence a salesperson needs to know?

Answers

Answer:

it gives insight into who your prospects are so you can more effectively reach and connect with them. helping sales leaders better understand their prospects and customers, who they are, and how and why they buy.  provides real-time analysis of current sales data and assists with suggesting and delivering actionable, relevant information.

Explanation:

How would you enter the following into a adjusted trial balance?
1. A physical count reveals only $500 of roofing supplies on hand.
2. Depreciation for March is $247.
3. Unearned revenue amounted to $180 at March 31.
4. Accrued salaries are $600.

Answers

The following items will be listed on the Adjusted Trial Balance as indicated:

Adjusted Trial Balance as of March 31

1. Debit Supplies on Hand with $500

2. Debit Depreciation Expense with $247

3. Credit Unearned revenue with $180

4. Credit Accrued Salaries with $600

What is an adjusted trial balance?

An adjusted trial balance is the trial balance prepared after making adjustments for:

PrepaymentsUnearned revenueAccrued expenses and revenueNon-cash expenses, e.g. depreciation.

Thus, preparing an adjusted trial balance helps to ensure that the accounts are prepared in agreement with the matching concept and the accrual basis of generally accepted accounting principles.

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6. Using current examples (include cases of resolved or pending judgements) evaluate the success or failures of the Competition Policy of South Africa. economics

Answers

It benefited by balancing the act of economic transformation that will benefit all South Africans through ownership, the participation of small and medium enterprises and employment.

What is the Competition Policy of South Africa?

South Africa's new competition policy and law were drafted during the early years of South Africa's new democracy, a period characterized by important domestic policy and regulatory reform.

The Competition Commission is empowered by the Competition Act to investigate, control and evaluate restrictive business practices, abuse of dominant positions and mergers in order to achieve equity and efficiency in the South African economy.

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contact a research and determine is pepsi and coca cola are duopoly​

Answers

Research shows that Pepsi and Coca-Cola are a duopoly because the two firms control the carbonated beverage industry worldwide.

What is a duopoly?

A duopoly is a form of oligopoly in which two major firms control a market.

With an oligopoly, few firms operate and control the market for a product or service.  But with a duopoly, only two main corporations operate in the market or industry.

Thus, we can conclude that Pepsi and Coca-Cola are a duopoly in the carbonated beverage industry.

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Call to actions are used in ads to...
a) Provide an easy and clear way for people who view the ad to take action and further interact
with the brand.
b) Help companies to define the goal of their ads.
c) Add extra text to an ad.
d) Make it complicated for social media users to take next steps to interact with a brand.

Answers

Call to actions are used in ads to provide an easy and clear way for people viewing the ad to take actions and further interact with the brand.

What is Call to Action?

It is a marketing strategy that helps a company achieve its goals by encouraging the target audience to interact with the organization, which can be through the use of imperative words and encouraging access to a link.

Therefore, the call to action strategy helps  to engage the consumer and encourage him to take an action that is favorable to the company.

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From what part of income should someone take savings?

Answers

Answer:

At least 20% of your income should go towards savings.

On the daily run of an express bus, the average number of passengers is 48. The standard deviation is 3. Assume the variable is normally distributed. Find the probability that the bus will have; a. Between 36 and 40 passengers. b. Fewer than 42 passengers. c. More than 48 passengers. d. Between 43 and 47 passengers.

Answers

Answer:

interview a business owner address unemployment as a socio economic issues

Which option is not available in the Presenter view of a presentation?

Next Slide Preview
Pen/Laser Pointer tools
Open Slide Show
Navigation Controls

Answers

Answer:

next slide preview

Explanation:

next slide preview

Book is reading as spoon is to ?

Answers

Answer:

Eating

Explanation:

Match the command(s) to the task it helps to complete.
remove text
Shift+Enter keys
paste text
Backspace and Delete keys
create a line break
Ctrl+V keys
create space for a new paragraph
Enter key

Answers

#Remove text

Usually backspace but delete also

B

#paste text

Ctrl+V

#Create a line break

Enter

#create space for new paragraph

Shift+Enter

Remove text: Backspace and Delete keys

Shift+Enter keys: create a line break

Paste text: Ctrl+V keys

Backspace and Delete keys: create space for a new paragraph

Create a line break: Shift+Enter keys

Ctrl+V keys: paste text

Create space for a new paragraph: Backspace and Delete keys

Enter key: create space for a new paragraph

What are commands?

Commands are instructions for computers to perform tasks. Keyboard shortcuts are specific combinations of keys that trigger commands, enhancing task efficiency. For instance, Ctrl+C copies, Ctrl+V pastes, and Backspace/Delete keys remove text.

The Enter key commands new lines or paragraphs, while Shift+Enter creates line breaks. These shortcuts streamline interactions by avoiding menu navigation. Understanding commands and their associated shortcuts empowers users to navigate software more efficiently, saving time and effort.

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Why should a person care about his or her credit report?

Answers

Answer: credit scores can help you better understand your current credit position.

which job title similar to wine maker

Answers

Answer:

vineyard owner , wine tour guide

investment mathematics

Answers

Hii :))

Investment Mathematics is a book which provides an introductory analysis of investments from a quantitative viewpoint, drawing together many of the tools and techniques required by investment professionals.

Identify specific problems with advertising to children experienced in South
Africa. Find specific advertisements and explain how you feel it can be seen
as unethical in our South African context.

Answers

Government's role in economic activities is being criticized in South Africa. Corruption level has increased significantly and it has taken a toll on the growth rate of the economy. The average growth rate of the economy is 3.5 % which is far below the required ones. South African Economy needs an average 6-7% growth rate to get rid of unemployment and poverty. The role of government is the most critical one in the developments of the economy. The government provides infrastructural facilities and other political stability in the country. The government should not interfere in areas where the private sector can do well or efficiently. The role of government must be recognised but side
by side government should not compete with the private sector. Thus, the role of government should be active where the private sector does not come and in other areas, the government must play as facilitators.

How effective is it to try to find someone else who may be able to do the interview? (0.5 hours)

Answers

It can be deduced that it is highly effective is it to try to find someone else who may be able to do the interview.

What is an interview?

It should be noted that an interview simply means a meeting of people face to face to discuss on a particular issue.

In this case, it can be inferred that can be deduced that it is highly effective is it to try to find someone else who may be able to do the interview.

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Corina has added animations to objects on a particular slide within a presentation. She needs to reorder the animations. How should she achieve this goal?

Use the Preview button.
Access the Advanced timeline.
Use the Animation pane.
Delete and recreate the animations in the correct order.

Answers

Corina has added animations to objects on a particular slide within a presentation. To reorder the animations, she can use the animation pane.

What do you mean by animations?

Animations refer to a method in which figures are manipulated that appear as moving images.

Corina has added animations to objects on a particular slide within a presentation. She needs to reorder the animations. She can achieve this goal by using the animation pane.

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Answer: c

Explanation:

Set up abs solve an equation for the following business situation

Regular keyboards $83 wireless 115 sales the regular keyboard sold 3 times more than the Wirless 5460 how many of each were sold

Answers

The number of times each was sold, i.e., regular keyboards and wireless keyboards are sold are 15 and 45 times respectively for the business situation.

How many of each keyboard was sold?

Let us assume the number of sales times as "m"

Given information:

Price of regular keyboards = $83

Price of wireless keyboard = $113

The equation to find out the number of times sales

⇒ [tex]83(3m)+115(m) = 5460[/tex]was

⇒ [tex]249m+115m=5460[/tex]

⇒ [tex]364m = 5460[/tex]

⇒ [tex]m=15[/tex]

⇒[tex]3(15) = 45[/tex]

[tex]\text{PC sold 42 regular keyboards and 14 wireless keyboards}[/tex]

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Alpha sold machinery that it used in its business to Beta, a related entity, for $40,250. Beta used the machinery in its business. Alpha bought the machinery a few years ago for $49,750 and has claimed $30,250 of depreciation expense. What is the amount and character of Alpha's gain?Alpha sold machinery that it used in its business to Beta, a related entity, for $40,250. Beta used the machinery in its business. Alpha bought the machinery a few years ago for $49,750 and has claimed $30,250 of depreciation expense. What is the amount and character of Alpha's gain?

Answers

The amount and character of Alpha's gain from the sale to Beta are $20,750 capital gains.

What is capital gain?

A capital gain is an excess realized from the sale of assets because of the increased value compared to the book value.

Capital gain is subject to capital gain tax.

Data and Calculations:

Cost of machinery = $49,750

Accumulated depreciation = $30,250

Book value = $19,500 ($49,750 - $30,250)

Sales to a related entity = $40,250

Capital gains = $20,750 ($40,250 - $19,500)

Thus, the amount and character of Alpha's gain from the sale to Beta are $20,750 capital gains.

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what is trust ownership in real estate

Answers

Answer:

Explanation:

To create a trust, the property owner (called the "trustor," "grantor," or "settlor") transfers legal ownership to a family member, professional, or institution (called the "trustee") to manage that property for the benefit of another person (called the "beneficiary").

_____ help a business keep track of its target market.

A. Target markets

B. Market shares

C. Market research

D. Customer profiles

Answers

Answer:

I would say A.

Explanation:

By defining your target customers you can: better determine if there are enough potential customers for your business.

( I hope this helps ^^)

Answer:

d. customer profiles

Explanation:

just took the quiz on edge

1. A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a cashier. The department manager feels that this candidate is overqualified for the job and is likely to be bored and leave the job in a short time. Instead, they want to pursue a candidate with 6 months of work experience who seems like a better fit for the position.

Answers

The candidate with 6 months of experience shall be hired by the department for the position as an entry-level cashier.

Who is cashier?

A cashier is a professional who has expertise in managing the cash inflows and outflows of an organization and deal with the cash transactions of an organization on a daily basis.

A cashier who has 6 months of experience be more suitable for such role in the department, and will also take lesser pay than the one with 30 years of experience.

Hence, it may be concluded that the cashier with less experience will be a suitable one to be hired at the position as such.

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_____ is a key indicator to how profitable a business is currently or may be in the future.

A. Market penetration

B. Market share

C. Market research

D. Market positioning

Answers

Answer:

Market share

Explanation:

...

Describe five ways in which Consumers can have an impact on the environment?

Answers

Answer:

When They makes their customers feel happy about their prices of their products

When they always makes sure they have all the products customers want and with suitable prices

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