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What is a fixed expense?
A fixed expense is an expense that doesn't change, regardless of the activity level. For most companies, rent expense is fixed. No matter what the company's sales volume, rent expense stays the same.
What is the difference between cost and expense?
The difference between a cost and an expense lies on the matter of distinguishing and separately recognizing the used, utilized and expired portion of the cost, being that part is what we called an expense. An expense can also be described as a cost forgone since it is already been utilized and used. The expense is also recognized only in the income statement rather than in the balance sheet since utilization is recognized for a certain period of time. On the other hand, an unused or an unexpired cost is reported in the balance sheet as at a certain point of time. A costmight be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues.
What account closes first revenue or expense account?
Does not matter, many times companies don't complete their revenue cycles until the after all expenses are recongized or accrued.
Will you get the same depreciation total no matter what method you use?
No, you will not get the same total depreciation amount regardless of the method used. Different depreciation methods, such as straight-line, declining balance, or units of production, allocate the asset's cost differently over its useful life. While the total depreciation expense over the asset's life will be the same, the annual expense recognized and the timing of that expense will vary based on the chosen method.
Can I get business tax forms at the library?
You can get your business tax forms at your local library. For more information on this specific matter see :www.laserlibrarian.com/Tax-Forms-Library.asp
What is a change in matter that produces a substance with new properties?
a chemical change
What is a fixed expense?
A fixed expense is an expense that doesn't change, regardless of the activity level. For most companies, rent expense is fixed. No matter what the company's sales volume, rent expense stays the same.
A chemical change produces a different kind of matter?
a chemical change proude a different kind of matter
Chemicel and physical change of matter?
A chemical change in matter produces a new substance. A physical change, on the other hand, only alters the state or phase of matter without producing a new substance.
A change in matter that produces new substances is called?
Chemical change. References: Intro to Matter book.
What is a change in matter that produces new substance is called a?
A change in matter that produces a new substance is called a chemical reaction. This involves the breaking and forming of chemical bonds between atoms to create different molecules with distinct properties.
What is General and Administrative expense?
General and administrative expenses are those expenses which requires to run day to day business activities no matter if there is production going on or not.
A kind of change in matter that produces a new substance?
Nuclear and Chemical changes result in new substances.
A change in matter that produces one or more new substance is a?
chemical reaction. In a chemical reaction, the atoms of one or more substances are rearranged to form new substances with different properties. This process involves breaking and forming chemical bonds.
What results after a chemical change?
A chemical change produces a form of matter that was not there before. Evidence of a chemical change could be changes in temperature, color, smell, and the production of a gas or a precipitate.
A change that produces matter with a different composition than the original matter is what?
This is a chemical change.
A government payment that supports a business or a market is?
A Subsidy.
