An advantage is that American workers can be paid higher wages for the work they do which is also more specialized. A disadvantage of that at the same time is that they get fewer jobs in the end as its cheaper to employ workers overseas in China.
Answer: B. Record revenue that will be received in cash in a subsequent period.
Explanation: Accrual Accounting is a method that records transactions when they have inccured. Instead of when the cash is exchanged.
A. Incorrect. Impossible to record in earlier periods. As the past financial statements from previous years have already been closed off.
B. Correct. Accrued accounting entails recording the transaction when it has occurred. So the cash will be recorded as received. However the cash will only be transferred to the revenue account when the obligation has been met. Therefore it will only be transferred to revenue in the period that it applies to.
C. Incorrect. This is already general expense and general accounting rules apply. I.e. The expense is incurred in the same year and paid out in the same year. This is how most income and expenses are treated, except for prepaid and accrual income and expenses.
D. Incorrect. This is an example of a prepaid expense. Prepaid expenses are expenses that have already been paid even though they haven't been inccured yet. This is an asset, and is thus recorded on the debit side.
Answer:
Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to Main Street and stop at the butcher shop for meat, the bakery for bread, and the farmer s market for fruits and vegetables. Now, she goes to a supermarket, where she can shop for all of those items under one roof and spend much less time buying food for the day. The convenience that Esther enjoys is called <u>contact efficiency.</u>
Explanation:
In the business world, contact efficiency is a strategy used by businessmen to provide flexibility to their customers.
Under this strategy, the numbers of stores are reduced and all the main goods kept and sold under one roof to provide better service to the customers. This strategy makes more money and also saves time and energy of the customers.
In the question, Esther is shopping for all her needs from a single supermarket which makes it more reliable for her, hence depicting a perfect example of contact efficiency.
Answer:
The Chinese government holds $200 of U.S. bonds.
Explanation:
LThe Chinese government holds $200 of U.S. bonds. This is so because of payments must the same to each other and since the U.S spent a total of $2,100 and the Chinese as we can see also spent a total of $1,900 with the bonds not been included, getting the difference between them American and Chinese bond ($2,100-$1,900) which is $200.Financial Account for U.S =$200 and the Financial Account for Japan=$800 For the U.S., it is more money coming in than out so it has a $600 Financial account Surplus. China has a $600 outflow or money going out, for this reason China will be the one having a deficit in its financial account.
Answer:
enter and right and left and increase
Explanation:
and those are my answer
