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What else can I help you with?
Does the after tax cost of a deductible expense increase or decrease as the taxpayer's marginal income tax rate increases?
Decrease The higher the marginal rate, the more a person or firm is shielded from expenses.
Is an increase in rent expense a credit?
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
How does prepaid expense and accrued expense affect the profit of a business?
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
Does a depreciation expense increase or decrease cash flow?
Neither. Depreciation is a non-cash expense.
What is the difference between opportunity cost and marginal cost?
opportunity cost refers to the satisfaction of ones want at the expense of another want while marginal cost is the addition to total cost as a result of increasing output by one unit.
Does the after tax cost of a deductible expense increase or decrease as the taxpayer's marginal income tax rate increases?
Decrease The higher the marginal rate, the more a person or firm is shielded from expenses.
Is an increase in rent expense a credit?
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
Is an increase in expense recorded as a debit or credit on the financial statements?
An increase in expense is recorded as a debit on the financial statements.
How does prepaid expense and accrued expense affect the profit of a business?
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
Does a depreciation expense increase or decrease cash flow?
Neither. Depreciation is a non-cash expense.
How can I effectively increase my expense account?
To effectively increase your expense account, you can track your spending, set a budget, cut unnecessary expenses, negotiate better deals, and look for ways to increase your income.
What is the difference between opportunity cost and marginal cost?
opportunity cost refers to the satisfaction of ones want at the expense of another want while marginal cost is the addition to total cost as a result of increasing output by one unit.
Is expense decreases owner's equity?
no if the owner expense money on his property it w'll increase the value not decrease (shaista)
Impact of increase in fuel prices?
The increase in gas prices has an impact on everything, literally. Company's that ship merchandise, receive merchandise, provide services, etc, have to account for the increase expense of gas in order to "move" their products. The increase in gas price is an increase in expense for the company, in order to compensate for this increase in expense, the company must raise their prices to still be able to meet Sales and Profit Margins. This increase in expense is past on to us by higher food cost, higher shipping cost, higher cost in anything a consumer purchases.
How does an expense increase impact the debit or credit side of the financial statement?
An increase in expenses will typically result in a debit entry on the financial statement. This means that the expense account will be debited, reflecting the increase in expenses incurred by the business.
The recording of an expense could result in a corresponding increase in?
revenue
Does Incurred advertising expense on account increase assets?
yes
