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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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Oberon buys a Pro Club Health & Fitness, Inc., franchise, which the franchisor later terminates. In determining whether the

Lynna [10]

Answer:

balance the rights of both parties

Explanation:

Based on the information provided within the question it can be said that in a situation like the one being described a court will generally balance the rights of both parties. This is done in order to make sure that both parties are being treated fairly and investigate both sides of the case before making a decision in regards to who is in the right and who is in the wrong.

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3 years ago

In monopolistic competition, what effect do price variations generally have on the market as a whole

irinina [24]

In monopolistic competition, what effect do price variations generally have on the market as a whole?

It's no effect.

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3 years ago

At January 1, 2019, Deer Corp. has beginning inventory of 2,000 surfboards. Deer estimates it will sell 10,000 units during the

coldgirl [10]

Answer:

The correct answer is $1,881,600

Explanation:

According to the scenario, the computation of the given data are as follows:

Unit sells = 10,000 units

Growth rate = 12%

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Costing = $100 per unit

So, we can calculate the budget sales revenue by using following formula:

Budget sales unit for quarter 3 = (10,000 × 112%) × 112% = 12,544

So, budget sales amount for quarter 3 = 12,544 × $150

= $1,881,600

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3 years ago

Suzette has received an order for 1,500 boxes of nuts per week for the next 3 months. If she expects the trend in the marginal p

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Answer:

18,000 boxes

Explanation:

1500×3×4 or

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3 years ago

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Answer:

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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 .