Answer:
1. The Orange Lily Law Firm
Accrual Basis and Cash Basis:
For the two months, Orange Lily Law Firm would have entered $3,480 instead of recording only $1,160 ($3,480/6) x 2 in the Advertising Expense Account.
2. Safe Home
Accrual Basis and Cash Basis:
If Safe Home had used the Accrual Basis, it would recorded $6,540 ($3,710 + 2,830) as Service Revenue for the year, instead of recording only $3,710.
Explanation:
There are two methods of recording business transactions in accounting. There is the cash basis. This involves making records only in the period that cash flow (either inflow or outflow) takes place.
The accrual basis records business transactions as they occur in a period whether cash was received or paid or not. The concentration of the accrual basis is to match the economic event to the period and not when actual cash event takes place..
Answer:
The answer is: Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.
Explanation:
We must first calculate the materials costs for both companies:
- Duncan's total costs was $457,250 minus conversion costs of $279,000 equals total materials costs of $178,250.
-
Davis's total costs was $721,056 minus conversion costs of $381,408 equals total materials costs of $339,648
.
Now we calculate the materials costs per unit produced:
- Duncan's total materials costs $178,250 divided by 38,750 units equals $4.60 per unit.
- Davis's total materials costs $339,648 divided by 55,680 units equals $6.10 per unit.
So Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.
.
Answer:……….I am sorry I do not know
…………
Explanation:
I do believe this statement to be true
Answer:
My methodology would be exceptionally straight forward while referencing all the issues which I and different workers are looking under that administrator. I would pinpoint each conceivable detail while referencing/labelling the administration. In spite of the fact that I would take care that I am not spreading any pessimism about the organization, as the issue is with the immediate chief and not the organization. I would likewise speak to my kindred associates who are experiencing the equivalent to spread this word through their online life accounts too. It will squeeze the administration to make proper move against the immediate director.
