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1 year ago

Write the definition in your own words

Business

1 answer:

In-s [12.5K]1 year ago

8 0

The definition in my own words are:

Cash Basis of Accounting: is type of accounting that that makes use of revenues and expenses at the time cash is received.

Accrual Basis of Accounting: The accrual basis of accounting focus on recording revenues .
Matching Principle: can be regarded as accounting concept that focus on companies report expenses .

Time-Period Principle: is one that a business should report the states that financial results of its activities .

Accounting Period: serves as the period of time that is used for accounting functions, this can be a fiscal year.

<h3>What is accounting?</h3>

Accounting serves as the process which involves the recording as well as summarizing business and financial transactions.

Learn more about Accounting on:

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Answer: They help a customer solve a problem without promoting a particular company's products

Explanation:

White paper is simply refered to as an authoritative report that is used in order to addresses certain issues that are deemed to be vital and also provide solution to such issues.

White papers gives awareness regarding particular products and it helps customer solve a problem without promoting a particular company's products.

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2 years ago

Georgia, a widow, has take-home pay of $1,900 a week. her disability insurance coverage replaces 60 percent of her earnings afte

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Georgia will receive $17,100.

If Georgia was out of work for 19 weeks she would receive 60% of her weekly pay.

In order to calculate 60% you multiply $1,900 x .6 = $1,140.

Georgia’s Disability insurance will pay $1,140 per week after a four week waiting period. She is out for 19 weeks, so with the 4 week waiting period, she will collect benefits for 15 weeks. 15 weeks x $1,140 = $17,100 total.

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3 years ago

A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi

aivan3 [116]

Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

JOURNAL ENTRY

BOOKS OF (.....)

Date Account title Debit Credit

Cash a/c Dr $63,552

To Bonds payable a/c $63,552

1st-period

Bond Interest a/c Dr $7,626

To Bonds payable a/c $7,626

2nd-period

Bond Interest a/c Dr $8,541

To Bonds payable a/c $8,541

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2 years ago

Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit ca

zimovet [89]

Answer:

Account receivable balance = $1,100 - ($1,100* 5%)

Account receivable balance =$1,100 - $55

Account receivable balance = $1,045

Date Account Title Debit Credit

Cash Account $1,045

To Accounts receivable $1,045

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3 years ago

Cono-Cool air conditioners cost $350 to purchase, result in electricity bills of $160 per year, and last for 5 years. Luxury Air

tatuchka [14]

Answer:

a) The equivalent annual costs of the Econo-Cool models= $436.50

b) The equivalent annual costs of the of Luxury Air models = $515

c)Econo-cool model

d 1 .(i) $464.15

(ii) $597.95

d 2 . Econo-cool model

Explanation:

a) Econo-cool model

Purchase price= $350

Discount =21%

Electricity bill= $160 per year

Annual cost per year will be

$350 * 79/100 =$276.50 ------after applying the 21% discount

$276.50+$160 =$436.50 -------after adding electricity cost per year

The equivalent annual costs of the Econo-Cool models= $436.50

b) Luxury Air Models

Purchase price at the shop=$550

Discount =21%

Buying price =79/100*$500 = $395

Electricity cost = $120 per year

Annual cost = $395+$120 =$515

The equivalent annual costs of the of Luxury Air models = $515

c) The Econo-cool model

d (1) Econo-cool model

$350 *110/100 =$ 385 -----due to inflation

Apply the discount = 385*79/100 =$304.15

Add the cost of electricity = $304.15+$160 =$464.15

For Luxury Air model

$550*110/100 =$605

Apply the discount = $605*79/100 =$477.95

Add electricity bill = $477.95 +$120 =$597.95

d(2) Econo-cool model

7 0

3 years ago