All categories

3 years ago

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

Business

1 answer:

SashulF [63]3 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.

You might be interested in

If a firm has demographic and purchasing information about its customers, the firm can use data mining techniques to create mark

Mumz [18]

Answer:

Build separate marketing programs for different demographic segments.

Explanation:

If a firm has detailed information regarding the demographic and purchasing data of the clients that helps to arrange the product and services in a more concise level. More importantly, they can take that information and design marketing programs accordingly, and those marketing programs can be made to facilitate different marketing segments and target market.

8 0

3 years ago

42-43. For the following independent situation for an individual taxpayer. Item Use (Personal or Business) Business Basis $25,00

ch4aika [34]

Answer:

$17,000

Explanation:

Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.

4 0

3 years ago

Arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo

Advocard [28]

Answer:

Hahahahahahahha is it that much difficult

6 0

3 years ago

Merchandise paid for within the discount period for a Cash refund was returned. This will be recorded with a A. credit to a liab

Gnom [1K]

The answer would be D: debit to an asset. Hoped this helped:)

5 0

3 years ago

Jenae's study ignored the fact that only some of her coffee choices had caffeine, even though her co-workers preferred caffeinat

ch4aika [34]

Answer:

Placebo effect

Explanation:

Placebo effect occurs when an individual starts to show positive response to an inactive substance after being told the substance has powers to cure.

The person's mind subconsciously helps him heal or perform better on the false belief that the substance is effective.

In the given scenario Jeanne labelled decaffeinated coffee as caffeinated coffee. On consumption her co-workers claimed that the extra boost of caffeine helped them focus on their work.

This is a placebo effect.

8 0

3 years ago

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 .