Answer:
Option A is correct
Explanation:
What we need to know to solve this question is how the cash method for accounting works in this scenario.
Thus, using the cash accounting method income is to be recognized when cash is received, thus the taxpayers for tax purposes will be reporting income when the income is received (in the form of services, cash, property, etc.).
Answer:
The correct answer is B.
Explanation:
The FASAB (Federal Accounting Standard Advisory Board) is a commitee that develops accounting standards for U.S government agencies, not for not profit entities, for all governmental entities or non-federal governmental entities.
A good financial plan does not include an insurance plan.
This statement it false. Insurance plans provide a person long-term benefits that are paid at present but can be used later in the future, especially for emergency purposes (e.g. health insurance).
If Randy would like to save his money for a vacation next year he must use an online banking account. This way he can easily track his transactions day-in and day-out to save up for his trip.
Answer:Crime fighter
Explanation:Crime fighters are law enforcement individuals who are in charge of working towards preventing crime and enforce policies and criminal laws.
"as police officers they are not community social workers or vigilantes and that they must enforce all statutes and all ordinances." This statement made by Anthony tells us that they are crime fighters ,their goal is to enforce laws that prevent criminal activities.
Answer:
Yankee Zoro
Break-even units 47000 188000
Explanation:
Break even for multiple products = Total fixed costs/ (weighted average selling price- weighted average variable cost)
weighted average selling price = ($295 * 20%) + ( $215 *80%) = 59+172=$231
Weighted average variable cost = ($160 * 20%) +( $140*80%)=32+112=$144
weighted average contribution = $231-$144 = $87
breakeven = $20,445,000/$87= 235000 units
for Yankee = 235000*20%= 47000
for Zoro = 235000*80%= 188000
