Answer:
D.
Explanation:
To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.
Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.
The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.
It is the same for accrued revenue and for revenue on account.
Answer:
only the results of the business' activities
Explanation:
balance sheet is among the three main financial statements prepared by a corporation. It reports the financial positions of the business by showing the value of assets, liabilities, and the shareholder's equity at any point in time. Therefore, a balance sheet shows the net worth of the corporation.
The preparation of the balance sheet follows the accounting equation of assets equals liabilities plus shareholder equity. On one side, the balance sheet reports the assets and liabilities and equity on the other. In other words, the balance sheets indicate how the assets of a business are financed. It does not report on the personal activities of business owners.
The pitch....for a sales and marketing item or scam.
Answer:
a. 80,000 units
b. 95,000 units
Explanation:
The computation is shown below:
a.The anticipated break-even sales (units) is
As we know that
Break even point in units = Total fixed cost ÷ Contribution margin per unit
= $27,600,000 ÷ $345
= 80,000 units
Where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $1,150 - $805
= $345
b. The units for realize operating income is
Unit sales for target profit = (Fixed expense + Target profit) ÷ Contribution margin per unit
= ($27,600,000 + $5,175,000) ÷ $345
= $32,775,000 ÷ $345
= 95,000 units
Answer:
I= $1,600
Explanation:
We have to clear Investment from the GDP formula:
GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)
I=GDP-G-C-(X-M)
The problem gives this information:
GDP: $10,000
G: $2,000
C: $6,000
X: $1,000
M: $600
I= $10,000-$2,000-$6,000-($1,000-$600)
Investment in 2010=$1,600
