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: Increase of $8,200
Explanation:
Currently, the company is making a net operating income of;
= Contribution Margin - Fixed expenses
= (90 * 6,700) - 547,700
= $55,300
If the company advertises, net operating income becomes;
= Contribution margin with increase in sales - Fixed expenses including advertisements
= (90 * (6,700 + 170)) - (547,700 + 7,100)
= $63,500
Increase in operating income = 63,500 - 55,300
= $8,200
Answer:
A business invitee
Explanation:
A business invitee is any person or group of people who enters another person's commercial property to do business. A business invitee's purpose is to engage in a commercial transaction with property or landowner. The landowner is liable to any injuries or harm suffered by a business invitee due to dangerous conditions on the property.
Commercial property or premises refers to land or building designated for business transactions such as a retail store or a restaurant. In law, customers are business invitees. The assumption is that customers enter commercial premises to do business with the business owner.
Answer:
Service facilities must be located close to suppliers and laborers.
Explanation:
Services, unlike products, are intangible and are not produced or delivered the same way as products are.
<u>While production facilities for products, should be located close to suppliers and laborers, this is not the case with service facilities.</u>
It would be to Absorb splatters moisture or spills
