Select the statement below that best defines prepaid accounts. Multiple choice question. Prepaid accounts reflect a company's cash balance and include currency, coins and money orders. Prepaid accounts are liabilities that are due within a specified time period. Prepaid accounts are expenses and are increased with a credit. Prepaid accounts are assets that represent prepayments of future expenses.

Answers

Answer 1

The statement related to the prepaid account " It is the asset that shows advance payment for the future expense" is correct.

The information related to the prepaid account is as follows:

It is the account that shows in the current asset side of the balance sheet.It is an advance payment for future expenses.It contains the normal debit balance.Neither it is a liability nor an expense account.

Therefore we can conclude that The statement related to the prepaid account " It is the asset that shows advance payment for the future expense" is correct.

Learn more about the asset here: brainly.com/question/13848560


Related Questions


What are the main features of an oligopolistic market?

Answers

Answer:

Few firms: ADVERTISEMENTS: ...Interdependence: Firms under oligopoly are interdependent. ...Non-Price Competition: ...Barriers to Entry of Firms: ...Role of Selling Costs: ...Group Behaviour: ...Nature of the Product: ...Indeterminate Demand Curve

Explanation:

pls mark brainliest

The main features of an oligopolistic market include:

Few firms control the market High barriers to entryInterdependence of price

What are oligopolistic markets like?

In an oligopolistic market, you find that there are a few firms who control the market as a whole. This is because there are high barriers to entry which prevent other firms from coming in.

Because these firms in the market are few, they have interdependence in terms of price such that the price charged by one firm, is based on the price charged by the other firms.

Find out more on oligopolistic markets at https://brainly.com/question/13635083

#SPJ4

A portfolio consists of three index funds: an equity index, a bond index, and an international index. The portfolio manager changes the weights periodically according to forecasts for each sector. This is an example of __________.

Answers

Answer: IM pretty sure it is False

Explanation:

As a manager Mo is very caring and concerned about the feelings of his employees. It's important that his employees know that they are valued. Mo tries to have a work culture that is friendly and supportive. As a leader, Mo would score high on:

Answers

COMMITMENT TO GROWTH:

Mo wants to help the employees achieve their goals in this job ; also gains experience from this and grows from these opportunities



RESPONSIBILITY:

Mo knows it’s his job to make sure the employees feel that they can be open with him and it takes responsibility for a person to take on others stresses while somewhere where they are dealing with their own stresses too


EMOTIONAL INTELLIGENCE:

Mo knows how to make the employees feel as though he is open to them discussing their emotions and thoughts with him. Via doing this he creates a rapport with them - which is proven to effectively create self worth which leads to better work in the long run

PLS GIVE ME A BRAINLIEST IF THIS HELPS THX!

4.
Which one is NOT an advantage of Entrepreneurship:
ut of 1
Select one:
a. Can choose a business of interest
b. Make a lot of money
c. You will make decisions alone
d. You can be creative

Answers

Answer:

C

Explanation:

I chose C because I would like to work with other people.

You will make decisions alone is not an advantage of Entrepreneurship. Hence, option C is correct.

What is the advantage of Entrepreneurship?

Even completely new sectors that serve as the catalysts for future expansion may be founded by entrepreneurs. Entrepreneurs' innovative goods and services open up new markets and generate riches. Moreover, entrepreneurship-related gains in income might contribute to an increase in the country's GDP.

The ability to take the initiative, adapt to change, come up with original ideas, and feel at ease with risk are just a few of the remarkable qualities that define the entrepreneurial mindset.

The aptitude and preparedness to create, plan, and manage a business enterprise—along with all of its uncertainties—in order to turn a profit is what is meant by entrepreneurship. The creation of new firms is the most visible illustration of entrepreneurship.

Thus, option C is correct.

For more information about advantage of Entrepreneurship, click here:

https://brainly.com/question/11426542

#SPJ6

Business leaders will be more effective if they are first able to prevent

A.Necessary attrition

B.Poor Training

C.Wage increases

D.legal issues

Answers

C Wage Increased And D But mostly C

Business leaders will indeed be much more effective if they can prevent B. Poor Training.

Being an effective business leader.Need to be able to strategize effectively.Need to be supported by a good workforce.

If the employees are poorly trained , they will lack the requisite skills required to properly back up their leaders. If these leaders can therefore limit this poor training, they would be much more effective.

In conclusion, option B is correct.

Find out more on importance of training at https://brainly.com/question/3522533.

In the circular flow diagram, what do households receive from factor markets?
O income
O revenue
O goods and services
O factors of production

Answers

Answer:

the first one "income" I think

Income and goods & services are what household received from factor market

A typically circular flow diagram is used to depict the flow of income in an economy in a simple model.

A circular flow diagram contains information about the households, firms, factors of production etc

From the diagram attached below, we will observe that the household received income (wages, salaries) and goods & services from the factor market.

Therefore, in conclusion, the Correct answer is Option A and C.

Read more about Circular flow diagram here

brainly.com/question/1190467

An agile team collects the iteration metrics they have agreed upon during which part of the team retrospective?

Answers

The Quantitative review

A stock index has a value of 1,200, an anticipated dividend of $40.50, and a risk-free rate of 4%. What should be the value of one futures contract on the index? (Round your answer to 2 decimal places.)

Answers

Answer:

F = 1500*(1+.0575) - 62; F = 1524.25

Explanation:

Si se tiene un activo de Q50,000.00 menos un patrimonio de
Q20,000.00, ¿cuál será el pasivo de la empresa?

Answers

Answer:

I think this is an English server, loveee! Sorryyyy

Explanation:

What is a brand audit?
A. The response of a local focus group

B. A comparison of your business and your competitors' businesses

C. An annual analysis of customer perceptions versus your branding efforts

D. A government assessment

Answers

Answer:

C

Explanation:

I'm pretty sure its this?

It takes place annually and is a checkup that evaluates your brand's position in the marketplace, its strengths and weaknesses, and how to strengthen it.

C
an annual analysis of customer perception versus your branding efforts

With regard to fiduciary duties in mortgage lending, the borrower is the _____, and the broker is the _____.

Answers

(1) principal (2) agent

Anyone else having this issue with Spotify with your ''following'' artists? I'm following more as I'm scrolling through but it's still at 33 Following. Anyone knows how to fix this issue or is it common? But no, seriously, please let me know if there's a way to fix it. If at all.

Answers

Answer:

go to page 5

Explanation:

Organism X is a brand new species to science. It lives deep in caves and thrives by absorbing carbon from other organisms. This organism is likely a:__________

a. chemoautotroph
b. photoheterotroph
c. photoautotroph
d. chemoheterotroph

Answers

Answer:

d. chemoheterotroph

Explanation:

chemoheterotrophs "are organism deriving energy by ingesting intermediates or building blocks that it is incapable of creating on its own. "

Why are marketers putting so much emphasis on developing strong brands?

Answers

Explanation:

Beyond just a memorable logo, good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier. ... A brand represents the sum of people's perception of a company's customer service, reputation, advertising and logo

A Registered Investment Adviser has discretionary control over 50 accounts that range in value from $200,000 to $1,500,000. She receives a free due diligence trip from a real estate limited partnership sponsor to inspect a property in Florida. She is enthusiastic about the investment potential and purchases a $50,000 real estate limited partnership unit in the property for each of her accounts. The RIA disclosed the fact that she received the free trip to each of her customers before making the purchases. Which statement is TRUE?

Answers

The best answer is B. It really does not seem likely that the partnership units were suitable for each and every one of the investment adviser's 50 accounts - the investment appears to have been bought for these accounts without regard to suitability.

You're doing a monthly bank reconciliation and have the following information:
Current book balance: $19,250
Balance per bank statement: $15,000
Outstanding checks: $2,000
Bank fees: $250
Deposits in transit: $6,000
What is the reconciled cash amount?
A) 13,250
B) 17,000
C) 19,000
D) 20,750
E) 21,250

Answers

The reconciled cash amount is $19,000.

Bank reconciliation statement:

Current book balance $19,250

Less: Bank fee ($250)

Reconciled cash amounts $19,000

Balance per bank statements $15,000

Add:Deposit in transit $6,000

Less:Outstanding Checks ($2,000)

Reconciled Cash Balance $19,000

Therefore we can conclude that The reconciled cash amount is $19,000.

Learn more about the cash here: brainly.com/question/10776890

Which phrase best describes economic specialization?

Answers

Answer:

Focusing on producing one type of good

Explanation:

Each wholesale bag of flour is sold in 25kg bags. Using this information, calculate a new column of data of that works out how many kilograms in total were sold as retail i.e. visitor sales. in the excel sheet give me whole sale 33 and visitor 120 person also 3 type of flour white 602 Rye 207 Gluten free 204 what is the answer how I calculate the retail kg?

Answers

Answer:

I know the answer

Explanation:

Janine is conducting a marketing/sales event in a senior center cafeteria. The cafeteria generally provides a dinner meal from 5pm to 6pm. Can Janine conduct her marketing/sales meeting in the cafeteria between 5pm and 6pm?

Answers

The marketing or sales meeting should not be conducted between  5 pm and 6 pm.

Given that,

The meeting is conducted by Janine with respect to the Marketing or sales event.Generally, cafeteria gives the dinner meal between 5 Pm to 6Pm.

As per the above information:

Since the dinner meal should be served between 5 Pm to 6 Pm so the meeting should not be conducted as it is the dinner time.Either she should conduct the meeting before the given time or after the given time.

Therefore we can conclude that The marketing or sales meeting should not be conducted between  5 pm and 6 pm.

Learn more about the marketing here: brainly.com/question/16623095

Why you should go for SaaS White Label Solutions?

Answers

Answer:

Many businesses hesitate to go for SaaS white label solutions because they think they would have less control over the product. However, the advantages of white labeling will outweigh the drawbacks.

Increased Brand CredibilitySave TimeSave Money

If you’re planning to start a SaaS company or already have one and want to integrate some tools, a SaaS white label is a good option for you.

Briefly explain the weaknesses of the RSA's Industrial Development Zones?

Answers

Revenue losses because of the various tax exemptions and incentives.Many traders are interested in SEZ, so that they can acquire at cheap rates and create a land bank for themselves.The number of units applying for setting up EOU's is not commensurate to the number of applications for setting up SEZ's leading to a belief that this project may not match up to expectations.

Andy has been asked to report at a war zone to serve as an officer in the army. Which of the following statements is true in the context of the given situation?
a) Andy's employer can require him to take three weeks of paid vacation while he is deployed.
b) Andy's employer is required by federal law to pay him the difference between his military pay and his civilian pay.
c) Andy's employer is required to give him military leave. But, if Andy has been called for training, he should use his personal vacation days rather than take leave.
d) Andy's employer is not required by law to continue to pay him either in total or in part.

Answers

D, and A, are extremely INCORRECT!

The correct answer is C.

 Andy's employer is required by federal law to pay him the difference between his military pay and his civilian pay is true in the context of the given situation. Thus, option B is correct.

What is a report at a war?

When requesting permission to speak with your commanding general, typically in her workplace, reporting is the formal approach to make an announcement of your presence.

In basic training, it's likely that you won't have the opportunity to talk with your superior general in her office—assuming you don't get in serious trouble for performing something incredibly. You must instead appear before your training trainer at her desk.

In order to serve as an army officer in a combat zone, Andy has been instructed to report there. It is accurate to say that Andy's employer must reimburse him for the disparity between his pension payments and his normal wage under the circumstances.

Therefore, option B is the correct option.

Learn more about reporting at a war, here:

https://brainly.com/question/4043333

#SPJ5

Everything else held constant, a decrease in the value of the dollar relative to all foreign currencies means that the price of foreign goods purchased by Americans
A) increases
B) decreases.
C) remains unchanged.
D) either increases, decreases, or remains unchanged.

Answers

Answer :B
B or C
Explained :)
It is decreased
I guess because the value of dollar is decreased....!
It may remain unchanged ?

A specific dollar amount a plan will pay toward the cost of dental care over a speck period of time is a;

A- Deductible
B- Maximum
C- scheduled of benefits
D- pretermination

Answers

Answer: c

Explanation:

The first step of writing process is drafting. Describe what needs to be done during this step.

Answers

Answer:

Writing is a process that involves at least four distinct steps: prewriting, drafting, revising, and editing. It is known as a recursive process. While you are revising, you might have to return to the prewriting step to develop and expand your ideas.

The Goods Available for Sale total is __________.
a) $43,000.
b) $11,000.
c) $97,000.
d) $69,000.

Answers

Answer:

c 97,000

Explanation:

Cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.

three reasons except politics for the looting of shops,malls and the destruction of business property in Gauteng and KwaZulu Natal

Answers

one reason could be people wasn’t justice. another one could be people want to show their anger and the last reason is they could be giving them a “taste of their own medicine” for destroying something that is special to them so now they are doing that to them

Scientific management approach has lost its relevance. How might today's
organization use it?
Why do you think managers have difficulty delegating?

Answers

Answer:

syntific mamagement loss it relevance its relevs today it will might today it will not lost revalance

For each of the following, identify whether it would be disclosed as an operating, financing, or investing activity on the statement of cash flows under the indirect method.
a. Purchased buildings SelectFinancingInvestingOperatingItem 1
b. Sold Patents SelectFinancingInvestingOperatingItem 2
c. Net income SelectFinancingInvestingOperatingItem 3
d. Issued Common Stock SelectFinancingInvestingOperatingItem 4
e. Paid cash dividends SelectFinancingInvestingOperatingItem 5
f. Depreciation expense SelectFinancingInvestingOperatingItem 6

Answers

ndnfnndjfjfjfjjf
f
gmkgktiieieisiksks
s
smmdkfikgifjfjdjhdhshshshx

What resources do consumers typically have in limited supply that forces them to make trade-off decisions in consumption?
A. time, money, and attention
B. money, labor, and capital
C. time, attention, and capital
D. natural resources, land, and labor

Answers

Answer:a

Explanation:

The resources are time, money and attention

A consumer can be described as an individual that buys the good and services from a seller

Resources needed to satisfy human wants are limited while human wants are unlimited. Due to this, consumers have to make a trade-off

Trade-off is the opportunity cost of making a decision. It is the option that is forgone when a consumer chooses to consume a particular good over other goods. Rational consumers would choose to consume the good that yields the highest utility.

The resources of consumers are time, money, and attention

For example, assume a consumer has $100. The consumer can either use the money to purchase an economics textbook or jeans. The consumer would choose the option that yields the higher utility. This an example of trade off

Also, a student would have to decide if to spend her time studying or partying.

To learn more about resources, please check: https://brainly.com/question/15717700?referrer=searchResults

Other Questions
8. Find the sum and difference between the greatest number and the least number of 7-digits number. Define truth ? Why human beings speak truth ? which postulate or theorem, if any, could you use to show the two triangles are congruent? mettez au singulier {NOUS AVONS DE BELLES CRAVATE} What is one difference between Region and Movement? who is the current prime minister of greece? whats is the area pls pls What is the radius of a circular piece of paper whose circumference is 11 What is the Color of trioxonitrate Consider right angle triangle PQR below Which expressions are equivulant to tan R How many countries were part of Eastern Europe until 1990 English help please [tex]\sqrt{\frac{36}{169}}[/tex]and I'm like,... Sorry wut?,... help please! How did contributions to democracy set the stage for modern democracy? Please help !!! Which set of ordered pairs does NOT represent a function? {(8,9), (-2,9), (7,5), (-4, 7)}{(-5, -7),(-5,4), (-2,-8),(3,5)} {(8,0),(-4, -2), (7,1),(0,0)}{(-8,3), (-5, 7),(-4,5), (9,3)} 01.02 Monotheistic ReligionsModule 01: West Meets East Meets West defenition of needs and wants please help me i need to know it asap Which of the following describes what a scientist does?A. A scientist answers ethical questions.B. A scientist asks questions about the world.O C. A scientist determines right from wrong.D. A scientist tells people how they should behave. I would like to know how to solve these sort of questions According to Montesquieu, what two things must be done to limit the power of government. plzzzzzz I'm timed