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2 years ago

Meadows Manufacturing follows the accrual system. An accrual results when __ and a deferral results when .

Business

1 answer:

SashulF [63]2 years ago

6 0

Answer:

A . $6,000 cash is received after a customer has been billed; $4,500 cash is paid for next quarter's insurance for property.

Explanation:

The accrual system is a bookkeeping method where expenses and income are recognized as they are incurred regardless of whether money has moved in or out. In the accrual method, a sale will be recorded when an invoice is generated even if the customer has not paid.

Expenses are also recorded are they are incurred. Material ordered will be recognized as an expense when the order is prepared, and not when payments were made. The accrual system makes the comparison of income and expenses for a period possible. One drawback is that a firm pays taxes for incomes it has not actually received.

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Ula purchased stock in Purple, Inc., six years ago for $150,000. Purple has assets with a value of $225,000 ($175,000 basis) and

elena55 [62]

Answer:

$15,000 gain

Explanation:

Assets with a value of $225,000

Remaining asset (cash) to Ula ($25,000)

Purple liabilities ($60,000)

Balance $140,000

Balance Brought forward $140,000

Remaining asset (cash) to Ula $25,000

Ula purchased stock ($150,000)

Balance $15,000 gain

$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain

Therefore we have $15,000 gain.

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3 years ago

How many days will it take for a sum of $1300 to earn $16 interest if it is deposited in a bank paying simple interest at the ra

Sav [38]

The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days

Hope it helps!

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3 years ago

Refer to the payoff matrix. bob's burgers and sam's sandwiches are competing restaurants in a small town. both are considering a

tamaranim1 [39]

Answer:

the correct answer is the option D: neither firm has a dominant strategy

Explanation:

To begin with, if both firms decides to add pizza to their menu then they both will be competing with that new item in the market and therefore that none of them will be dominant due to the fact that both are now producing and selling the good. Moreover, it is not a nash equilibrium due to the fact that it is not stated if the players know the other one strategy and even though that the best strategy to take in order to establish one's dominance is to add pizza to the menu, what happens here is that both take that strategy making it in a situation where both tried their best to improve their situation and ended up using the same strategy.

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3 years ago

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 15,000, $6 par, common sha

anyanavicka [17]

Answer:

Sept 1,

DR Stock dividends $52,500

CR Common stock $9,000

CR Additional paid in capital $43,500

Sept 1,

DR Stock dividends $90,000

CR Common stock $90,000

Sept 1,

No journal entry required.

Workings

Small Dividends

Stock dividends

= 15,000 * 10% * $35

= $52,500

Common stock

= 15,000*10%* $6

= $9,000

Additional paid in capital

= 52,500 - 9000

= $43,500

Large Dividends

Stock dividends

= 15,000 * $6

= $90,000

Common stock

= 15,000 * $6

= $90,000

No entry for stock splits.

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2 years ago

The type of cover letter written in response to a posted job opening:

Fynjy0 [20]

The answer is: C. application letter

Application letter should contain the statement that you feel would influence the employers to invite you to the interview. Generally, it would include things such as your brief background, your passion, how your skills would fit in to the company, etc.

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2 years ago

Read 2 more answers

Meadows Manufacturing follows the accrual system. An accrual results when ____________ and a deferral results when __________.

Meadows Manufacturing follows the accrual system. An accrual results when __ and a deferral results when .