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4 years ago

Global temperature trends can be inferred from changes in

1 answer:

6 0

<span>Global temperature trends can be inferred from changes in fossils and chemical isotopes found in sediments and glacial ice</span><span>

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Omar is setting up his company in quickbooks and selects the accrual basis of accounting. how will his business record income an

algol [13]

Omar is setting up his company in QuickBooks and selects the accrual basis of accounting. income is recorded when sales are made; expenses are recorded when incurred while his business record income and expenses.

Accrual accounting is a method of accounting in which revenue or expense is recognized when a transaction occurs, rather than when payment is made. This method follows the matching principle that income and expenses should be recorded in the same period.

Basic knowledge of debits and credits and what goes on behind the scenes. To use a QuickBooks backup file, you must restore it first. All commands accessible from the home page can also be found in the menu bar.

Learn more about QuickBooks at

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4 0

2 years ago

Why does an unsecured loan have a higher interest rate than a secured loan?

Tomtit [17]

Answer: A

Explanation: There is a higher risk for banks when they give an unsecured loan. Secured loans have a collateral to back the loan, whereas unsecured loans are not a secure (hence the name).

Hope this helps!

6 0

3 years ago

Shaila wants to add new tabs to her PowerPoint. She selects New Tab and renames it. She then starts adding the terms Bring Forwa

m_a_m_a [10]

I think the answer is D, but I may be wrong. The reason why is Shaila needs PowerPoint to check her grades to ease all the work.She may just add it into the main tabs.

5 0

3 years ago

Read 2 more answers

Refer to the financial statements of Burnaby Mountain Trading Company. The firm's asset turnover ratio for 2017 is _________. (P

Aleonysh [2.5K]

Answer:

1.69

Explanation:

asset turnover ratio = net sales / average assets

I looked up the missing information and found the following:

total assets year 1 = $4,000,000

total assets year 2 = $4,300,000

net sales year 2 = $7,000,000

average assets = ($4,000,000 + $4,300,000) / 2 = $4,150,000

asset turnover ratio = $7,000,000 / $4,150,000 = 1.6867 = 1.69

The higher the asset turnover ratio, the more efficient a company is. Therefore, a higher asset turnover ratio is always better although there is no fixed parameter.

7 0

3 years ago

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $

Viefleur [7K]

Answer:

A. $2.40 per Machine hour

B. Underapplied = $10,000

C. cost of goods sold (debit) $10,000 , overheads (credit) $10,000

Explanation:

A) Compute the manufacturing overhead rate for the year

Overhead Rate = Total Fixed Overheads / Budgeted Activity

= $300,000 / 125,000 Machine hours

= $2.40 per Machine hour.

B) What is the amount of under- or over applied overhead at December 31st?

Under Applied Overheads = Actual Overheads > Applied Overheads

Over Applied Overheads = Actual Overheads < Applied Overheads

Actual Overheads = $322,000

Applied Overheads = $2.40 × 130,000 hours = $ 312,000

Underapplied = $10,000

C) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

cost of goods sold (debit) $10,000

overheads (credit) $10,000

7 0

3 years ago

Read 2 more answers