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Anuta_ua [19.1K]
3 years ago
7

A purchase order is created by the accounting department. a. True b. False

Business
1 answer:
irakobra [83]3 years ago
6 0
I believe that the answer you arte looking for is A. True
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Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:
Pani-rosa [81]

Revenue and liability has influence on reported financial statements because;

  • it understates liabilities
  • it overstates revenues

<h3>What is revenue and liability?</h3>

Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.

However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.

Learn more about revenue at;

brainly.com/question/25855858

4 0
2 years ago
Brown Corp., a calendar-year taxpayer, was organized and actively began operations on July 1, 2013, and incurred the following c
PolarNik [594]

Answer:

The amount of amortized organizational expenses for the year 2013 would be $6,333 ( approximately )

Explanation:

First of all the important point here to note is that while calculating the amortized organizational cost we only include the legal fee for drafting the corporate charter and not the commission paid to underwriter or cost incurred while selling the stock.

In the legal fee for corporate charter too there are limitations , as only $50,000 are allowed as total expenditure to be amortized over a period of 15 years or 180 months. Where for the first year the limitation allowed is $5000 and rest of the amount would be amortized over 180 months.

So $45,000 - $5000 = $40,000

$40000 / 180 = $222.22

Now multiplying this by 6 months as the operations of company began on 1 July , 2013,

$222.22 x 6 = $1333.32

Now adding this amount to $5000 will give us the total amortized organizational expense,

$5000 + $1333.32 = $6,333.32

= $6,333 ( approximately )

7 0
3 years ago
The amount of a real estate broker's commission is
zvonat [6]

In India, the majority of properties are sold with the help of a real estate broker or agent. When the broker helps a seller and buyer get in touch with each other and both the parties agree to engage in the transaction, then both the parties are required to pay a certain %age of the property value as a fee to the real estate broker. Read below to know about the real estate broker commission rates India:

There are no specific guidelines laid for the commission paid to real estate brokers. In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

8 0
2 years ago
While eating at Alex’s "Pizza by the Slice" restaurant, Clara experiences diminishing marginal utility. She received 10 utils fr
klemol [59]

Answer:

Alex may have to lower the price to convince Clara to buy a second slice.

Explanation:

Marginal utility is an economic concept that says that a consumer recieves more marginal utility in the first consumption of a good or services than in the second and the subsequents. In fact with each consumption the marginal utility reduces, this effect is known as diminishing marginal utility.

One of the the methods to reduce the effects of the diminishing marginal utility is to reduces prices. As the utility of a product decreases as its consumption increases, consumers are willing to pay smaller amount of money for more of the product.

6 0
2 years ago
Cold Goose Metal Works Inc. just reported earnings after tax (also called net income) of $95,000,000, and a current stock price
aivan3 [116]

Answer:

$12.22 per share

Explanation:

The computation of the stock price one year from now is shown below;

Current EPS = Net Income ÷ Number of shares

= $95,000,000/5,500,000

= $17.2727

Now  

P/E Ratio = Market Price per share ÷ Earnings per share

= $14.75 ÷ 17.2727

= 0.8539 times

Now

Revised EPS = $95,000,000 × 1.25 ÷ 8,300,000

= $14.3072  

So, the Price is

= 14.3072 × 0.8539

= $12.22 per share

6 0
2 years ago
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