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1 year ago

Assume a company has a $350 credit (not cash) sale. how would the transaction appear if the business uses accrual accounting?

1 answer:

6 0

The way that the transaction is going to appear if it makes use of accrual accounting is that $350 would show up on the income statement as a sale.

<h2>What is meant by accrual accounting?</h2>

This is what is also referred to as accrual based accounting. This type of accounting is one that has the transactions and all recorded in the books of accounts in such a way that they would reflect even though the service or the goods for which the payment is being made has not been received.

Hence from the explanation that we have here, the The way that the transaction is going to appear if it makes use of accrual accounting is that $350 would show up on the income statement as a sale.

Read more on accrual accounting here: brainly.com/question/14921038

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Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha

monitta

Answer:

Duty of Loyalty

Explanation:

The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. .
The duty of loyalty that can be seen when Bata engages himself in an interested transaction for the sale of the carpet.

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2 years ago

What feature of heaps allows them to be efficiently implemented using a partially filled array?

oksian1 [2.3K]

The answer is "<span>Heaps are complete binary trees".</span>

In software engineering, a heap is a particular tree-based information structure that fulfills the heap property. The heap is one maximally effective execution of a dynamic information sort called a priority queues, and in reality priority queues are regularly alluded to as "heaps", regardless of how they might be implemented.

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3 years ago

Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results whi

Lelu [443]

Answer:

Moonbeam Company

a) Incremental analysis for the special order:

Sales revenue ($7.87 * 20,800) = $163,696

Variable costs ($6.62 * 20,800) = (137,696)

Contribution margin = 26,000

Shipping costs (2,900)

Net income from special order = $23,100

b) Moonbeam should accept the special order. It generates some net income for covering the company's fixed cost and does not exceed the company's plant capacity. It only adds about 4% to the operating plant capacity.

Explanation:

a) Data and Calculations:

Total Variable Fixed

Sales (375,200 units) $4,378,000

Cost of goods sold 2,588,880 1,812,216 776,664

Gross profit 1,789,120

Operating expenses 839,510 671,608 167,902

Net income $949,610

Total costs $2,483,824 $944,566

Selling price = $11.67 ($4,378,000/375,200)

Variable costs per unit = $6.62 ($2,483,824/375,200)

Total plant capacity = 500,267 units (375,200/75%)

Increase in plant capacity = 396,000 (375,200 + 20,800)

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3 years ago

Teamwork processes have a moderate positive effect on ________ and a strong positive effect on ________.

Salsk061 [2.6K]

Teamwork processes have a moderate positive relationship with team performance and a strong positive effect on team commitment.

<h3>What is team relationship?</h3>

This is a relationship that exist within a team which brings about progress to an organization.

An effective team work would create an enabling work environment hence enables team member become more effective and efficient.

Hence, teamwork processes have a moderate positive relationship with team performance and a strong positive effect on team commitment.

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2 years ago

Touchtech earns revenue when edison purchases 100 shares, even if he purchases them from an existing shareholder.

Strike441 [17]

Answer:

A. An increase in the perceived profitability of Touchtech will likely cause the value of Edison's shares to rise.

B. Expectations of a recession that will reduce economy-wide corporate profits will likely cause the value of Edison's shares to decline

Explanation:

The price of the stock changes only because of the changes in the profitability of the firm. If the company is earning lower profits then the prices of the stock will fall and vice versa. So the option A is correct because increase in profitability increases the value of the shares.

So the main thing here is the profitability of the firm which is affected by the recession in the economy because during the recession period the profitability of the firm decreases and so the value of the stock decreases. So the option B is correct

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3 years ago