For the statements below select the appropriate terms from the given choices. 1. A revenue not yet recognized; collected in advance. 2. Office supplies on hand that will be used in the next period. 3. Interest revenue collected; not yet recognized. 4. Rent not yet collected; already recognized. 5. An expense incurred; not yet paid or recorded. 6. A revenue recognized; not yet collected or recorded. 7. An expense not yet incurred; paid in advance. 8. Interest expense incurred; not yet paid.

Answers

Answer 1
Answer:

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.

Answer 2
Answer:

Final answer:

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.

Explanation:

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.

Learn more about Accounting Concepts here:

brainly.com/question/36904286

#SPJ3


Related Questions

If you were looking for an advertising medium that worked for segmented audiences, had prestige, had a long shelf life, and money was of no object, which of the following would you select?a. ​interactive adsb. ​magazinesc. ​direct maild. ​televisione. radio
The records of Cullumber’s Boutique report the following data for the month of April. Sales revenue $106,300 Purchases (at cost) $51,500 Sales returns 2,100 Purchases (at sales price) 88,500 Markups 10,100 Purchase returns (at cost) 2,100 Markup cancellations 1,700 Purchase returns (at sales price) 3,000 Markdowns 9,800 Beginning inventory (at cost) 17,564 Markdown cancellations 2,900 Beginning inventory (at sales price) 42,500 Freight on purchases 2,600. Compute the ending inventory by the conventional retail inventory method.
The period before the trial takes place is called the
A. How does capacity utilization affect the intensity of internal rivalry in the commercial airline industry?b. How does capacity utilization affect the extent of entry barriers in this industry?
Malaya Ramirez is organizing marketing research in Central American countries for a large American corporation that is interested in expanding its market. The survey Malaya is using was written in English and then translated into Spanish for use by Spanish-speaking respondents. Which of the following is it most important for Malaya do before administering this questionnaire to a sample of the market?A) make sure that the survey includes both open-ended and closed-ended questionsB) decide whether to focus on primary or secondary dataC) determine which type of research instrument to useD) have the questionnaire translated back into English to check for accuracyE) determine whether to focus on descriptive or causal objectives

Which of the following measures does not reflect a company's profitability?Gross Profit Margin

Days Sales in Accounts Receivable

О ЕВАТ

Profit Margin

Answers

Answer:

Days Sales in Accounts Receivable

Explanation:

The profitability ratios check the profit of the company. It could be determined by gross profit margin - EBAT and profit margin

The gross profit margin could be

= (Sales - cost of goods sold) ÷ (Sales)

The EBIAT is Earning before interest after taxes it tracks the performance of the company and according to that the profitability could be measured

The profit margin could be calculated

= Net profit ÷ Sales

Therefore the days sales in account receivable is not reflect the company profitability

A bond was issued three years ago at a price of $1,050 with a maturity of six years, a yield-to-maturity (YTM) of 6.50% compounded semi-annually, and a face value of $1,000 with semi-annualy coupons. What is the price of this bond today immediately after the receipt of today's coupon if the YTM has risen to 7.75% compounded semi-annually

Answers

Answer:

$967.20

Explanation:

the YTM formula = {coupon + [(face value - present value)/time]} / [(face value + present value)/2]

to determine the coupon rate we fill the equation with the known factors:

0.065 = {coupon + [(1,000 - 1,050)/12]} / [(1,000 + 1,050)/2]

0.065 = (coupon - 41.67) / 1,025

66.625 = coupon - 4.167

coupon = 66.625 + 4.167 = $70.792  

three years later, the YTM = 7.5%, what is the PV? Again we use the YTM formula:

0.0775 = {70.792 + [(1,000 - x)/6]} / [(1,000 + x)/2]

0.0775(500 + 0.5x) = 70.792 + 166.67 - 0.1667x

38.75 + 0.03875x = 237.462 - 0.1667x

0.20545x = 198.712

x = 198.712 / .20545

x = $967.20

Jia is considering whether to go out to dinner at a restaurant with her friend. The meal is expected to cost $40, Jia typically leaves a 20% tip, and an Uber will cost $5 each way. Jia values the restaurant meal at $25. Jia enjoys her friend s company and is willing to pay $30 just to spend an evening with her. If Jia does not go out to the restaurant, she will eat at home, using groceries that cost her $8.a. Calculate Jia's cost associated with going out to dinner with her friend.
b. Calculate Jia's benefits associated with going out to dinner with her friend.

Answers

Answer:

a. Jia's cost associated with going out to dinner with her friend

= $58

b. Jia's benefit associated with going out to dinner with her friend

= $47

Explanation:

a) Data and Calculations:

Expected cost of meal =  $40

Tips (20%)                             8

Transport to & from =         10

Total cost of going out = $58

Benefits with going out:

Value of restaurant meal =     $25

Amount Jia is willing to pay = $30

Less of eating at home            ($8)

Total benefits with going out $47

Jia's cost associated with going out to dinner is $58 and her benefits are $55.

To calculate Jia's cost associated with going out to dinner with her friend, we need to add up the cost of the meal, the tip, and the Uber rides. The meal cost is $40, the tip is 20% of the meal cost (0.2 * 40 = $8), and the Uber rides cost $5 each way, so the total cost is $40 + $8 + $5 + $5 = $58.

To calculate Jia's benefits associated with going out to dinner with her friend, we need to consider the value of the restaurant meal and the enjoyment she gets from spending time with her friend. The value of the meal is $25, and Jia is willing to pay $30 just to spend time with her friend, so the total benefits are $25 + $30 = $55.

Learn more about Cost and Benefits here:

brainly.com/question/32452839

#SPJ3

Pederson Enterprises produces giant stuffed bears. Each bear consists of $12 of variable costs and $9 of fixed costs and sells for $45. A wholesaler offers to buy 8,000 units at $14 each, of which Pederson has the capacity to produce. Pederson will incur extra shipping costs of $1 per bear. Determine the incremental income or loss that Pederson Enterprises would realize by accepting the special order.

Answers

Answer:

Pederson enterprise would realize $8,000 incremental income by accepting the special Oder.

Explanation:

Pederson Enterprise

Incremental revenue (8,000 ×$14)

$112,000

Incremental variable costs ($12 ×8,000). (96,000)

Incremental shipping costs

($1×8,000) (8,000)

Incremental profit if special order accepted. $8,000

Pederson enterprise would realize $8,000 incremental income by accepting the special Oder as shown in the table above.

Which of the following statements are inconsistent with the efficient market hypothesis?a. The average annual return on stocks is greater than zero. b. Stocks that outperform the index in March always underperform it in April. c. Half of fund managers are able to beat their relevant index each year, before fees. d. Stocks that outperform the index in March always outperform it in April.

Answers

Answer:

b. Stocks that outperform the index in March always underperform it in April.

d. Stocks that outperform the index in March always outperform it in April.

Explanation:

The Efficient market hypothesis states that in an efficient market, all the available information in the market are reflected in the prices of the stocks being traded. As such, all stock are fairly priced.

Stocks that perform in a certain way in March and then in another way in April are violations of the hypothesis. This is because if indeed the market was efficient, the prices would adjust to reflect the different performances by month such that there would be no more fluctuations.

Which of the following is least likely to result in product innovations that have near-term commercial application? Multiple Choice development quality function deployment process blueprinting applied research basic research

Answers

Basic research is the least likely to result in product innovation that have near-term commercial application

Explanation:

Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".

The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.

We cannot even predict the types of research knowledge which might add a value to the future changes

Other Questions