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padilas [110]
2 years ago
12

Why is the accrual-based income statement superior to a cash-based income statements in measuring profitability? (Select all tha

t apply.)
It reflects well the operating activities of the business and the best measure of a company’s profitability during the period.

It reports the expenses incurred in generating the revenues regardless of when the cash was paid.

It reports the revenues generated regardless of when the cash was collected.
Business
1 answer:
Leno4ka [110]2 years ago
3 0

The accrual-based income statement superior to a cash-based income statements in measuring profitability because It reports the expenses incurred in generating the revenues regardless of when the cash was paid.

What distinguishes the accrual basis of accounting from the cash basis of accounting?

When money is received or spent, it is recorded as revenue using the cash foundation of accounting. When using the accrual basis of accounting, revenues are recorded as they are earned and expenses as they are incurred.

What is an income statement with an accrual basis?

Accounting on an accrual system records revenue and corresponding costs as they are incurred, rather than when money is exchanged. Accordingly, businesses report revenue when it is earned rather than when it is received.

To know more about Income Statement Visit

<u>brainly.com/question/14326095</u>

#SPJ4

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Suppose the state of Florida passes a law that increases the tax on alcoholic beverages. As a result, resi-dents in Florida star
Volgvan

Answer:

Residents (people's) reaction to Incentives

Explanation:

An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.

Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.

Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.

It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.

3 0
4 years ago
can someone recommend me some research topics for economics.would really appreciate if it is in a list​
dexar [7]

Explanation:

here are some research topics for economics::

1. The effect of income changes on consumer choices

2. The effect of labor force participation on the economy and budget – A comparison

3. The impact of marital status on the labor force composition: A case of [your country] economy

4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends

5. The relationship between salary levels and ‘economic convergence’ in [your country]?

6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.

7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.

8. Dynamics of the Gini index as a reflection of the problem of inequality in income 

9. Cashless economy: The impact of demonetization on small and medium businesses

10 Privatization of Public Enterprises and its implications on economic policy and development

5 0
3 years ago
Raymond owns an Accidental Death and Dismemberment Policy with a principal sum of $50,000, and a capital sum of $25,000. After o
schepotkina [342]

Answer:

He will get nothing from the Accidental Policy.

Explanation:

  • Raymond owns an Accidental policy but he Dies from Coronary artery disease. according to insurance companies policy, he will get nothing when he is dead by any means other than by accident.
  • Insurance companies have their own regulations and policy.
  • The insurance company is liable to pay for the incident for which the insurance is taken.

6 0
3 years ago
What are the different components that electronic banking provides?
Veseljchak [2.6K]
Electronic banking provides safety of your money, and allows you to monitor transactions.
4 0
2 years ago
Read 2 more answers
Olivia’s employer deducts an amount from her paycheck for the medicare program. What type of withholding is being deducted from
hjlf
If your choices are:
A) tax exemption
B) local withholding
C) state withholding
D) Social Security

Then the answer is D) Social Security. It is from the government which gives the citizens to have the right to be admitted or to give insurance for the health.
6 0
3 years ago
Read 2 more answers
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