Answer: b. pays cash before the expense has been incurred.checked
d. receives cash before the revenue has been generated
Explanation:
Here is the complete question:
Deferral adjustments are needed when the business:
a. pays cash after the expense has been incurred.unchecked
b. pays cash before the expense has been incurred.checked
c. receives cash after the revenue has been generated.unchecked
d. receives cash before the revenue has been generated.
Adjustments are made during the end of every accounting period in order to report the revenues and the expenses in proper period at which they occur and also in order to report the assets and the liabilities at their appropriate amounts.
Deferral adjustment is when the revenue or the expense has been deferred or postponed and will therefore be reported on the income statement at a later period.
Previously deferred amounts will show on the balance sheet when a company pays cash before having to incur the expense or in a case whereby the company gets and collects cash before earning the revenue.
When revenues are made or when expenses are incurred, the previously deferred amounts will have to be adjusted and then, the amounts will be transferred to income statement through the use of the deferral adjustment.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment.
Total labor force= 60 + 20 + 20= 100
Unemployed= 20
Unemployment rate= (20/100)*100= 20%
The increase in demand and limited availability or unchanged availability of supply= Price Increase
Answer:
$0.50
Explanation:
Marginal cost is the additional expense associated with consuming, selling, or producing one extra unit. For Susan, the marginal cost is the extra cost incurred by purchasing the 10th gallon of gasoline.
To obtain the marginal cost:
The cost of 9 gallons plus cash wash
=(9 x $2) + $1.50= $19.50
cost of 10 gallons plus cash wash
=(10 x $2) cash wash is free= $ 20
The extra cost associated with the additional unit (marginal cost)
= $ 20- $ 19.50
=$0.50
False because if it paid someone to make them then the people who made them at least knew about it. but no they are liable whether or not they knew of the problem. this is why things are recalled Is bc they found out about it.
