Answer:
The correct answers are the options B and D: Pays cash before the expense has been incurred. And receives cash before the revenue has been generated.
Explanation:
To begin with, in the accounting field the term of "Deferral Adjustments" refers to those that the accountant does when they postpone the report of it in the income statement until a later period, so that means that when an event happens they might decide to postpone the report of that particular transaction doing what it is called "defer". Moreover, the two most common cases when the accountants use this technique are the ones choosen from the options, the cases B and D.
Answer:
The balance of uncollectible accounts after the adjustment will be $15,000
Explanation:
On December 31, the balance of the accounts receivable is $300,000 and on same data it is suggested that the 5% of the account receivable will be not be collected.
So, the balance of the uncollectible accounts will be computed as:
Uncollectible accounts = Account receivable balance × % which will not collected
where
Account receivable balance is $300,000
% which will not be collected is 5%
Putting the values above:
= $300,000 × 5%
= $15,000
NOTE: The allowance for uncollectible accounts of $1,000, already credited, so will not be considered again.
Answer:
$10.65
Explanation:
The computation of the incremental manufacturing cost in the case when the production level is changed
= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead per unit
= $6.25 + $3.20 + $1.20
= $10.65
Here the fixed cost would not be relevant
Answer:
B) NDPFC + Indirect Taxes
Explanation:
Net domestic product (NDP) is obtained by subtracting depreciation from gross domestic product (GDP), and it can be calculated at market price (NDPmp) or at factor cost (NDPfc):
- NDPmp = GDPmp – depreciation
- NDPfc = GDPmp – depreciation – indirect taxes
If we substitute NDPfc into option B, we will get:
NDPmp = NDPfc + indirect taxes
NDPmp = (GDPmp - depreciation - indirect taxes) + indirect taxes
NDPmp = GDPmp - depreciation
Answer: The correct answers are "a. invests in international trade or investment." and d. needs to manufacture products or provide services that target a global market.".
Explanation: A company that engages in international business is one that trades goods, services, technology or physical and / or human capital globally.
This means that instead of existing and developing in separate national markets, it unites and transforms them into a single global market through the elimination of barriers between borders.
