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vazorg [7]
3 years ago
11

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.  

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Annalise received financial aid offers from two universities.
natima [27]

Answer:

Option A will save her $15,500.

Explanation:

Financial aid is the assistance given to students to cater to a college education. It excludes Scholarships and grants as these are not cost items by other forms of assistance.

<u>Total for University Option A</u> excluding scholarships and grants

Tuition & Fees $10,000

Room and Board $11,500

Work-Study  <u>$ 4,000 </u>

Total for A  <u>$25,500</u>

<u>For university option B</u>

Tuition & Fees  $28,000  

Room & Board $ 9,000

Work-study  <u>$ 4,000</u>

Total for B  <u>$41,000</u>

Option B is more costly than A by :$41,000 - $25,500=$15,500.

Therefore, Option A saves $15,500

5 0
2 years ago
Read 2 more answers
1. When a person dies, arrangements will first be made to pay his or her final expenses, such as
Iteru [2.4K]
The answer to the question that you just asked is true because that is what happens
5 0
3 years ago
Sometimes there is a backlash from employees regarding mandatory diversity training. One possible solution that has some researc
natta225 [31]

Answer:

Option C

Explanation:

In simple words, the basic solution to create and maintain healthy diverse environment throughout the organisation is to create a culture that encourage employees to accept each others differences.

Creating such culture will help the trainer to implement the training procedures. Such activities and decisions will lead to less conflicts and more positive results.

7 0
3 years ago
The slope of the demand curve for a monopoly firm is:
VladimirAG [237]

Answer:sorry man, don’t know

Explanation:

8 0
2 years ago
Doc's ribhouse had beginning equity of $52,000; net income of $35,000, and dividends by the company of $12,000. calculate the en
Svetradugi [14.3K]
<span>Doc's ribhouse beginning equity = $52,000
Net income = $35,000
dividends by the company = $12,000
Ending equity = ?
we can calculate ending equity by using this formula:
</span><span>Beginning Equity + Net Income - Dividends = Ending Equity
</span><span>now by putting the values we get
$52,000 + $35,000 - $12000 = Ending equity
Ending equity = $52,000 + $23,000
= $75,000
so, $75,000 is the ending equity.

</span>
3 0
3 years ago
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