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Kobotan [32]
3 years ago
13

Adjustments help to ensure that all revenues are recorded in the period in which they are:______

Business
1 answer:
Andrew [12]3 years ago
5 0

Answer: made

                     

Explanation: In simple words, adjustment in accounting refers to the transactions that are not recorded in the accounts yet but actually belongs to it with respect to the time period of their occurrence.

There are generally five types adjusting entries accrued revues, accrued expenses, deferred revenues, deferred expenses and deprecation expenses. Such entries are usually made at the end of the year in their respective accounts.

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What is the meaning of deplation​
slava [35]

Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.

Explanation:

  • The term depletion is a concept generally we use in tax and accounting.
  • The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
  • It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
  • To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.

5 0
3 years ago
Suppose the spot exchange rate for the Canadian dollar is Can$1.12 and the six-month forward rate is Can$1.14.
andreyandreev [35.5K]

Answer:

Explanation:

Given that:

a)

1$ = Can $1.12

It takes a value of 1 U.S dollar to have 1.12 Canadian dollars.  This signifies that the U.S dollar is worth more than Canadian dollars.

b)

Assuming that the absolute Purchasing Power Parity PPP holds,

Since 1$ = Can $1.12, the cost  in the United States of an Elkhead beer, if the price in Canada is Can$2.85 can be determined to be:

= \dfrac{2.85}{1.12}

= $2.545

c)

Yes, the U.S. dollar is selling at a premium relative to the Canadian dollar.

This is because we are being told that the spot exchange rate for the Canadian dollar is Can $1.12 & in six (6) months time the forward rate will be Can $1.14.

d)

The U.S dollar is expected to appreciate in value because it is trading at a premium in the forward market.

e)

Canada has higher interest rates. This determined by using the formula:

= \dfrac{(\dfrac{Fwd}{Spot }-1)}{n}

where; n= numbers of years = 6 month/12 month = 0.5 year

Then;

=\dfrac{(\dfrac{1.14}{1.12 }-1)}{0.5}

= \dfrac{(1.0178-1)}{0.5}

= \dfrac{(0.0178)}{0.5}

= 0.0356

= 3.56%

6 0
2 years ago
An initial decreasedecrease in a​ bank's reserves will decreasedecrease checkable deposits A. by an amount less than the decreas
svlad2 [7]

Answer:

The correct answer is B

Explanation:

Bank reserve is the minimum cash which is required to kept on hand through the financial institutions so that could meet the requirements of central bank.

Checkable deposits is a kind of any demand deposit account in anticipation of the checks or the drafts in any form which will be written. In short, it means that the owner of the account could withdraw funds on demand.

So, if the primary decrease in bank reserve will also decrease the checkable deposit as there would be no cash with bank to provide to customers by the amount that is greater than the decrease in the reserve.

8 0
3 years ago
Adjustments for ________ would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the gove
UNO [17]

Answer:

Adjustments for enterprise fund-basis statements from their original modified accrual basis would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the governmental activities Statement of Net Position.

8 0
3 years ago
Omar and Janet are also trying to forecast what their federal and state income taxes will be at the end of the year. If Rings an
Brums [2.3K]

Answer: This was the best answer I could come up with. Its probably wrong but whatever! :P  

They will determine their income taxes based on their positive cash flow of $1,000.00 per month. This is because this cash flow spans across more months than their negative cash flow of -$150.00 per month. Expenses that could be used for their tax deductions is sales tax.

Explanation:

3 0
3 years ago
Read 2 more answers
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