On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to the landlord. the landlord receives the check on july 31 and cashes the check on august 2. when should henry company record the rent expense associated with this transac±on?

Answers

Answer 1
Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.
Answer 2

Final answer:

Henry Company should record the rent expense in August, based on the accrual accounting principle, which dictates that expenses be recorded when they are incurred.

Explanation:

For the given case, Henry Company should record the rent expense associated with the transaction when the expense is incurred, which is according to the accrual basis of accounting. The accrual basis principle requires that expenses be recorded in the period they are incurred, irrespective of when the payment is made.

In this scenario, the rent expense for August should be recorded in August, the period in which the benefit of the rental is received, even though the check was prepared and sent in July. This follows the accrual basis of accounting where expenses are recognized when incurred rather than when cash is exchanged.


Related Questions

A mix of shredded tobacco with honey or molasses and dried fruit is used for which tobacco product?​

Answers

Shisha tobacco is a moist blend of shredded tobacco, molasses or honey, and dried fruit or fruit pulp. Shisha is often used interchangeably with hookah however shisha is the tobacco blend while hookah is the water pipe used to smoke the shisha.

Is it acceptable for a food handler to rinse hands in the sanitizing compartment of the three compartment sink?

Answers

Yes, it is acceptable for a food handler to rinse their hands in the sanitizing compartment. 
Final answer:

No, it's not acceptable for a food handler to rinse hands in the sanitizing compartment of a sink. Proper handwashing separate from sanitization of cooking tools and utensils is important for public health.

Explanation:

No, it is not acceptable for a food handler to rinse hands in the sanitizing compartment of the three-compartment sink. The main purpose of these sinks is to wash, rinse, and sanitize utensils or dishes, not for handwashing. Handwashing is a critical aspect of public health and should always be conducted in a designated sink, using soap, and following a recommended process.

The Centers for Disease Control and Prevention (CDC) outlines specific scenarios for when to wash hands. In a food handling context, hands should be washed before, during and after handling food. Sanitization, on the other hand, refers to reducing microbes on inanimate surfaces to safe levels to maintain public health. This does not replace the need for proper handwashing.

Food handlers should wash their hands under running water, scrub with soap for at least 20 seconds, rinse well, and then dry their hands with a clean towel or air dry them.

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The 1986 japanese release of legend of zelda introduced ________, the concept that players could go wherever they wanted and there were multiple routes to winning.

Answers

The 1986 Japanese release of legend of Zelda introduced open world, nonlinear gameplay; the concept that players could go wherever they wanted and there were multiple routes to winning.

A non-linear game is a game that can be completed taking different approaches and routes in contrast to a linear game which has always a fixed path of sequences. Zelda is considered for many as the founder of the non-linear genre known these days as sandbox.

A suffix is added to the ______ of a word to alter its meaning. A. end B. beginning C. middle D. none of the above

Answers

a is the answer hope this helps

I think a suffix is added to the end of a word to alter its meaning. 

The lengthy process by which a job is examined in detail in order to identify the skills, knowledge and behaviors necessary to perform the job is known as a

Answers

Its known as a job analysis.

The ____, which said broadcasters must operate in the "public convenience, interest or necessity," became the foundation for all broadcast regulation.

Answers

Radio Act of 1927 The FCC still uses this standard as part of its consideration when issuing broadcast licenses.

Why do todayâs internet web applications and smartphone apps need databases?

Answers

They need databases so that they can have better access to information with the use of the internet. It also allows users to create backups with the help of cloud storage apps like cloud software.  Aside from that, it makes it easier for users to update files, software and operating systems with the help of databases.

Write a one sentence summary of the central dispute in the case of mcculloch. v. maryland identify the key individuals and institutions involved in this case

Answers

Final answer:

In McCulloch v. Maryland, the Supreme Court ruled that Congress had the authority to establish a national bank and that states could not tax such federal entities, with the necessary and proper clause as part of the decision.

Explanation:

The central dispute in the case of McCulloch v. Maryland revolved around the constitutional authority of Congress to establish a national bank and the ability of a state to tax a federally chartered institution. The key individuals and institutions involved were James McCulloch, the cashier of the Baltimore branch of the Second Bank of the United States, and the state of Maryland. The Supreme Court, under Chief Justice John Marshall, ruled in favor of the national bank, invoking the necessary and proper clause and asserting that states could not impede legitimate actions of the federal government, such as the operation of the bank.

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History what was the previous name of the shipping company, whose ferry sank off the coast of papua new guinea on february 2, 2012?

Answers

The name of the shipping company whose ferry sank in February 2, 2012 off the Pappua coast is RABAUL SHIPPING.
The ship was a passenger ferry, which was built in Japan in 1983 and was taken to New guinea in 1998. The ship was carrying about 500 passengers and it was only about half of them who were rescued.

What are the three general sources from which marketers can obtain​ information?

Answers

                The three general sources that will make marketers obtain information they needed are the following;

-          Market research

-          Internal databases

-          Competitive marketing intelligence

These are the sources that they need to obtain in order to gain the needed information they need and to know what are the things they need to develop.

Final answer:

The three general sources for marketers to obtain information are internal data, market research, and competitive intelligence. Each provides unique insights which, when combined, allow for comprehensive market understanding and strategic planning.

Explanation:

The three general sources from which marketers can obtain information are the internal data, market research, and competitive intelligence.

Internal data includes information that is collected from within the organization such as sales records, customer databases, and performance reports. Market research involves the process of gathering information about the consumer's needs and preferences.

It can be collected through surveys, interviews, observations, and online monitoring. Competitive intelligence involves gathering, analysing, and applying information about products, domain constituents, customers, and competitors for short and long-term strategy planning.

Such information can be gained from public sources, such as news articles, public filings, job listings, and changes in management or production.

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In new york city, on october 21 and on february 21, the intensity of sunlight and the number of daylight hours are almost identical. why, then in new york city is it usually much colder on february 21

Answers

October is right after the summer. Even though the meteorological conditions with sunlight are similar in both months, in October the ground has just been heated for several months by the summertime. There is a buildup of heat in the ground that contributes to the overall warmer temperature.

Justin, a human resources manager for xyz company, commits 20% of this year's budget to develop a new program for valuing diversity in the company. he is acting in the ___ role

Answers

Human Resource Manager

Justin is acting in a leadership role by committing a portion of his budget to valuing diversity, indicating an understanding that successful diversity management is a collective responsibility, not just HR's duty.

Justin, a human resources manager for XYZ company, commits 20% of this year's budget to develop a new program for valuing diversity in the company. He is acting in the leadership role. By allocating resources towards diversity initiatives, Justin demonstrates an understanding that in successful companies, diversity management is everyone's responsibility, and not solely the job of the HR department.

It underscores the idea that to create an inclusive culture, managers must be proactive and the organization must have a strong culture where shared values, loyalty, and team performance allow employees from vastly different demographics and backgrounds to feel a sense of belonging. Effective diversity training programs can only be successful if they are integrated into the organization's culture and are supported by the commitment from all levels of management, just as companies like UPS have demonstrated by not isolating diversity to a single diversity officer's role.

Over the past decades, women have been increasingly expected to take responsibility for political leadership. this best illustrates a change in

Answers

This best illustrates a change in "Gender Roles".
Gender roles are usually the perspectives the society see through male and female contributions to the society, traditionally male members were considered the active organs to take part in politics and run the outside society on the whole as opposed to women who were considered to take care of homes, but over past decades it has changed.

References are typically included on a résumé. Please select the best answer from the choices provided T F

Answers

Answer:

False

Explanation:

Your Welcome

The final paragraph of a letter of application explains why you are writing the letter

Answers

The given statement is false.

Explanation:

The reason for writing the letter comes always in the first.

The reader should first know, why the writer has written.

If the purpose of the letter is mentioned in the last, the reader wouldn't be interested and it is not the best practice also.

The last part should comprise of requesting, or re-insisting the purpose of the letter.

The middle paragraph should go in deeper by giving some proof or explaining the process in a descriptive manner.

Steve has a new job as a data warehouse specialist. he has attended formal classes at the local university and informal classes provided by his employer in order to learn the skills required by his new job. steve also has learned job skills by performing them during the workday. steve has experienced a(n) ________

Answers

The fact that Steve has attended classes provided by his employer to learn the skilss he needs in the work process and the fact that he gained practical experience and learned job skills during the workday, means that Steve has experienced an apprentice training program. Apprentice training program is a combination of on-the-job training (OJT) and related trainings in a classroom.

Melissa is a senior accountant at a consulting firm. she brings to her​ manager's notice the considerable amount of time that is wasted when accounting tasks are performed​ manually, and proposes that the department automates these tasks.​ melissa's accounting department is in need of​ a(n) ________.

Answers

Melissa is a senior accountant at a consulting firm. she brings to her​ manager's notice the considerable amount of time that is wasted when accounting tasks are performed​ manually, and proposes that the department automates these tasks.​ melissa's accounting department is in need of​ an application software.

The company incurred operating expenses of $19,400. of these expenses, $13,600 were paid in cash; $5,800 was still owed on account at year-end. in addition, wildhorse prepaid $2,680 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year’s net earnings under the cash basis of accounting, and the first year’s net earnings under the accrual basis of accounting.

Answers

Hell no to the no no no

Bairn sells the bowls and plates he makes on his pottery wheel. in which career does he work?

Answers

Answer:

fine arts

Explanation:

Bairn sells the bowls and plates he makes on his pottery wheel. The career he works in is fine arts. Thus option D is correct.

What is a Career?

A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achive the goals of life.

The fine arts commonly referred to as the performing and visual arts are distinctive and significant in the curriculum of schools. To Learn the essential abilities needed for a fine artist to thrive, including realistic sketching and the capacity to create lifelike sketches based on actual events.

The study and development of artistic endeavors are emphasized in fine arts, which has an interdisciplinary orientation. In the visual arts, multimedia, and design fields, it creates a broad base of both practical and conceptual skills.

Therefore, option D is appropriate.

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The complete question is Probably

Bairn sells the bowls and plates he makes on his pottery wheel. In which career does he work? multimedia design animation commercial art fine arts

Assume the price elasticity of demand for great fit shoe co. shoes is 2.5. if the company decreases the price of each pair of shoes, total revenue will

Answers

the price elasticity of demand for great fit shoe co. shoes is 2.5
company decreases the price of each pair of shoes
total revenue will=?
The answer is that the total revenue will increase and the reason is this that the percentage increase in the number sold is greater than the percentage decrease in the price.

Final answer:

With a price elasticity of 2.5, if Great Fit Shoe Co. decreases the price of shoes, their total revenue will increase due to a proportionately larger rise in quantity demanded.

Explanation:

The price elasticity of demand for Great Fit Shoe Co. shoes is 2.5, which indicates the demand is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price. When the company decreases the price of each pair of shoes, the total revenue will increase. This is because a decrease in price at this level of elasticity will result in a proportionally larger increase in quantity demanded, so much so that it more than offsets the price reduction, leading to an increase in total revenue.

About ________ percent of political advertising is aimed at americans between 18 and 34 years of age.

Answers

About 14 percent is aimed at this group. The hope is to get this age group to vote as there is still a low voter turn-out for this target segment. Nevertheless, since this group hasn't shown a high voter turn-out, the politicians want to aim their advertisements at people that are more likely to vote.

The amount of space between centers of adjacent pixels is called __________.

Answers

Dot Pitch: The amount of space between the centers of adjacent pixels. The closer the pixels, the crisper the image.

The amount of the space between centers of adjacent pixels is called resolution,

Resolution is a term used in computer graphics.

Resolution refers to number of pixels contained on a display monitor expressed as number of pixels on horizontal axis and vertical axis

In conclusion, the amount of the space between centers of adjacent pixels is called resolution,

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Owen inc. has a current stock price of $15.00 and is expected to pay a $0.80 dividend in one year. if owen's equity cost of capital is 12%, what price would its stock be expected to sell for immediately after it pays the dividend?

Answers

As it is known that future cash flows are risky in nature so it is not possible to discount them at risk free rate. So investor must discount the future cash flows based on the equity cost of capital. It is the expected return of the other investments available in the market with same kind of risk to the firm’s share.

Price of the stock can be found by using the cost of equity equation which is as follows:

Po = Div_1 + P_1 / 1 + r_E

$15 = 0.8 + X / 1.12

X = $16

So the expected selling price of the stock is $16.00

A key determinant in the facility location decision is the proximity the site has to the organization's largest customer base and suppliers. true true

Answers

The answer in the statement provided is true as the facility location’s decision as their key determinant is mainly focused on the proximity of the site where in it has to be from the largest organization of where the customers base as well as their suppliers.

The answer is true. It is because the key determinant of the facility location’s decision is mostly focused on the proximity of the site in where customers and also the suppliers should come from the largest organization of their group. 

Elvira is using the rational model of decision making. the alternative that she chose and implemented does not appear to be working. to correct the situation, elvira should consider

Answers

When a manager makes a decision based on the strong beliefs she already has, ... The rational model of decision making assumes that managers will choose the ... If a chosen alternative is implemented and it does not appear to be working, ... In time-critical situations, satisficing may be a good approach to decision making.

Final answer:

Elvira should reflect on the situation and re-evaluate her decision, refine her selection with the new information, and ensure her decision criteria were correctly established early in the process to avoid biases.

Explanation:

Elvira is utilizing the rational model of decision making, an approach that is structured and sequential, designed to ensure informed and well-thought-out decisions. If an alternative she selected is not yielding the desired results, the model suggests she should enter into a phase of reflection and evaluation. This involves re-examining the decision criteria, considering new information, learning from what has not worked, and then refining the list of alternatives. This refinement process results in a better-fitting solution being chosen, one that takes into account the lessons learned from the initial failure.

Elvira should also guard against falling in love with an option to the exclusion of important criteria, ensuring that all alternatives are considered. It is vital to establish decision criteria early in the process and to keep an open mind to generate a wide range of possible solutions.

While the rational model aims for optimal decision making, in practice, officials and individuals may resort to trial and error, or muddling through. The availability of too much information or a lack of time can lead to simplifying the process and choosing the first acceptable option, termed bounded rationality.

When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After many years, Lisa paid off her mortgage. If Lisa decided to comparison shop for homeowner's insurance now, what should the insurance coverage amount be based on…

Answers

appraised value of the house

Sanctions are a type of trade restriction that is ineffective in forcing change in other countries.

Answers

The answer to this question is False. Sanctions do not only rarely achieve their goal of forcing change in the targeted country, but they also tend to produce collateral economic damage in the nations that do apply them.

How can you help stay motivated to continue working out after p.e. ends?

Answers

You can help stay motivated once P.E. ends by finding a form of exercise that you enjoy. It can be running, walking, swimming, dance, or any sport. It would be a good idea to try out numerous variations of exercise and see which one you like best. If you like the type of work out you regularly do, you will be more motivated to continue doing it.

Answer:

all of the above

Explanation:

All of the following are insurable risks EXCEPT

A: Lack of customers
B: A Flood
C: Poor management
D: Unproductive employees

Answers

I think the answer might be  B. a flood. 

What makes e-mail different from other forms of business communication?

Answers

Final answer:

E-mail differs from other business communications due to its flexibility, informal-formal balance, and ability to immediately share information. As a representation of the individual and the company, business e-mails must display professionalism, attention to detail, and appropriate formality. It is a dominant form of interaction in the modern workplace, underscoring the importance of e-mail communication skills.

Explanation:

What makes e-mail different from other forms of business communication is its versatility and the formal-informal dichotomy it represents. Unlike traditional print hard copy letters or memos, e-mail has the capability of sending both short routine and lengthy formal messages. It has replaced many traditional forms of business communication for both external and internal correspondence due to its efficiency and ability to facilitate immediate exchange of information. E-mail can also be accessed through various devices, making it highly convenient.

However, e-mail in a business setting must be approached with caution. It should reflect professionalism and respect, as it serves as a representation of you and your company. Crafting effective business e-mails requires attention to vocabulary, organization, tone, and awareness that any message could be forwarded to a third party or become part of a permanent record due to electronic storage. Additionally, with e-mails being utilized for critical correspondence and document transmittal, professionalism has become even more vital.

Despite the casual perception associated with e-mail communication, it is imperative to remember that business e-mails require a professional tone and adherence to business standards. Effective communication through e-mail is a crucial skill in the modern business environment, where e-mail is a dominant form of interaction, often seen as the most versatile communication channel in the workplace.

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