Following are the appropriate terms that are used in Business terms.
Explanation:
1. Advance income received - As it is prepaid
2. Stock / Current Asset - Depending upon the choice given
3. Advance interest received - Prepaid Advance
4. Accrued rent- Amount yet to be credited
5.Outstanding Expense - That is yet to be paid
6. Accrued Income - Revenue yet to be generated
7.Prepaid Expense - Paid in Advance
8. Outstanding Interest - Yet to be paid.
Above are the proper words that are used to in the Business terms that are globally used by any kind of enterprise.
The statements refer to common business and accounting concepts such as deferred revenue, accrued revenue, and prepaid expense among others. These terms help in recognizing and recording revenue and expenditures in the right accounting period.
Here are the appropriate terms for each statement:
Deferred Revenue - A revenue not yet recognized; collected in advance.
Prepaid Expense - Office supplies on hand that will be used in the next period.
Unearned Revenue - Interest revenue collected; not yet recognized.
Accrued Revenue - Rent not yet collected; already recognized.
Accrued Expense - An expense incurred; not yet paid or recorded.
Unbilled Revenue - A revenue recognized; not yet collected or recorded.
Prepaid Expense - An expense not yet incurred; paid in advance.
Accrued Interest - Interest expense incurred; not yet paid.
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Answer:
Job characteristics theory could guide Andrea as she considers ways of combining areas for the staffers by developing a more challenging versatile job functions that will stimulate performance.
Explanation:
The Job Characteristics Model is a theory that is based on the idea that a task in itself is the key to the employee's motivation. In short, a boring and monotonous job is disastrous to an employee's motivation whereas a challenging, versatile job has a positive effect on motivation.
According to the tenets of job characteristics model, a more challenging and versatile job will give higher satisfaction potential than the pre-downsizing versions which could be counter productive and depressing.
Answer:
The Wexler’s net income for the year is $85,000
Explanation:
Net income: If the company has excess revenues over its expenses than it is term as net income otherwise it is a net loss.
The computation of the net income is shown below:
= Total revenues - total expenses
= $135,000 - $50,000
= $85,000
The ending cash balance is not reflected in the income statement because it has come under the asset side in the balance sheet.
Answer:
Amount overpaid = $0.0104 (Approx)
Explanation:
Given:
Quantity of apple = 5 lb
Amount paid = $ 1.99 / lb
Gravity on mountain = 9.79 m/s²
Find:
Amount overpaid
Computation:
Actual mass of apple = 5 (9.79/9.80)
Actual mass of apple = 4.9948
Actual amount = 4.9948 × 1.99
Actual amount = $9.9396
Amount overpaid = Amount paid -Actual amount
Amount overpaid = [5 x 1.99] - $9.9396
Amount overpaid = $0.0104 (Approx)
Answer:
A. Horizontal at the shutdown price and upward sloping at prices above the shutdown point.
Answer: = $168
Explanation:
Destin Company had a $1,000 income in 2014 but also a temporary difference of $160.
This means that they were taxed on the income less the temporary difference.
= 1,000 - 160
= $840
Tax Expense = 840 * 20%
= $168
Answer:
The required rate of return is 12.13%
Explanation:
According to the DDM model, the formula for a price of a stock is
P=D1/R-G
D1= Year end dividend
P= Stock price
R= required rate of return
G= Growth rate of stock
SO we will input the values given to us in the question, in this formula.
145=11.80/(R-0.04)
145R - 5.8=11.80
145R= 17.6
R=17.6/145
R=0.121
R= 12.13%