Answer:
The correct answer here is Cash basis.
Explanation:
One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.
Reorganization
<u>Explanation:</u>
Revamping may allude to the restoration of an organization's funds as per a liquidation. It can likewise allude to any procedure that influences the duty structure of an organization. Furthermore, revamping may allude to a merger or obtaining or offer of an organization that changes the proprietorship, stock, or lawful and the executive's structure.
The redesign is a conventional court-managed procedure of rebuilding an organization's funds after chapter 11. As per insolvency laws, explicitly Chapter 11, an organization is given security from lenders during the timespan when the organization proposes and a liquidation court audits and affirms a particular revamping plan. The rearrangement is planned to reimburse lenders to the most extreme degree conceivable and to rebuild the organization's accounts, the executives, and tasks to keep a similar issue from emerging once more.
Answer: The associate should say something like " I understand why you feel that way. How can I improve or fix this situation for you?" and try to diffuse the situation. After the customer leaves, the supermarket associate should report this to the manager.
Hope this helps! :)
Explanation:
Answer: 15.42%
Explanation: PV ( present value) = $21,320
FV (Future Value) =$ 32.1 million.
Years(y) = 1947-1998 = 51years
r = (FV/PV)^(1/y) - 1
r = ( $32,100,000 / $21,320) ^ ( 1/51) - 1
r = ( $1505.6285)^ ( 0.0196) - 1
r = 1.15421 - 1
r = 0.0154205 X 100%
r = 15.42%
Answer:
Cobra Inc.
The amount that Cobra should report for desks is $790.
Explanation:
a) Data and Calculations:
Purchases on March 3 = $330
Purchases on March 22 = $460
Payment on March 24 = ($460)
Amount unpaid = $330
b) The amount that Cobra Inc. should report as Accounts Payable at the end of March is $330. However, in reporting for the desks, it should report $790 in assets. This amount represents the value of desks that the company is possessing, which is financed by company cash and creditors.
