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soldi70 [24.7K]
3 years ago
10

Accrued revenues:

Business
1 answer:
mars1129 [50]3 years ago
8 0

Answer:

A. At the end of one accounting period result in cash receipts in a future period

Explanation:

Revenue is total amount of money firm receives or is entitled to receive, by selling its goods / services, in a period of time.

Revenue can be :

  • Cash (Actually received): Based on cash transactions.
  • Accrued (Earned but not received): Based on credit transactions - with Debtors (who owe money to us)

Accrued Revenue i.e Revenue Earned but not received in an accounting period : is an asset in form of debtors of a firm. The firm will get cash receipts from them in a future period.

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Consider the following statement.
BARSIC [14]

Answer:

True;greater than.

Explanation:

The statement that "when unemployment is present, an increase in government spending will tend to increase aggregate demand and real output by a larger amount than the initial increase in government spending." is true because an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

The above is in accordance with the theory of John M. Keynes, he was a notable British economist.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

7 0
4 years ago
Currently Ace is charged $4,060,000 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this
lions [1.4K]

Answer:

The $4,060,000 should be added to the net income under the operating activity.

Explanation:

Depreciation: It is the amount which shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, etc.

Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments also.

Moreover, the depreciation amount should be added to the net income amount because depreciation is a non - cash expense.

So, $4,060,000 should be added to the net income under the operating activity.

3 0
3 years ago
Garda purchased $530,000 of merchandise in August and expects to purchase $670,000 in September. Merchandise purchases are paid
pashok25 [27]

Answer:

$579,000

Explanation:

The cash payment in September would be made of 35% purchases in September and 65% of the purchase made in August (the previous month).

Hence

Cash payment in September = (35% × $670,000) + (65% × $530,000)

= $579,000

the cash payment for September is $579,000

3 0
4 years ago
Buttner Company borrows $88,500 on September 1, 2014, from Harrington State Bank by signing an $88,500, 12%, one-year note.
oksian1 [2.3K]

Answer:

C.) $3,540

Explanation:

The loan borrowed is the Principal = $88,500

Interest rate per year = 12% or 0.012 as a decimal

Interest accrued formula = Principal * rate * time

Note: time will be from Sep1 - Dec 31 = 4 months or \frac{4}{12}years

Interest accrued = 88,500 * 0.012 * \frac{4}{12}

Interest accrued = 3,540

Therefore, as of December 31st, 2014, $3,540 would be the interest accrued hence choice C is correct.

4 0
3 years ago
When Steven askes questions in an open-minded way, he avoids:
Elenna [48]
Attacking someone else's opinion. I hope this helps!
3 0
3 years ago
Read 2 more answers
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