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zmey [24]
3 years ago
14

Financial Statements prepared on a modified cash basis of accounting would contain items measured on which, if either, of the fo

llowing bases______________.
Business
1 answer:
Westkost [7]3 years ago
7 0

Answer:

Cash Basis, Accrual Basis

Explanation:

Modified cash basis of accounting would contain items (accounts) measured under both the cash basis of accounting and the accrual basis of accounting.

The modified cash basis combines the usage of the two major bookkeeping practices: cash and accrual accounting. It gets the best of both worlds, recording sales and expenses for long-term assets on an accrual basis and those of short-term assets on a cash basis.

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The capital accounts of Harrison and Marti have balances of $160,000 and $110,000, respectively, on January 1, the beginning of
blagie [28]

Answer:

b.$216,000

Explanation:

The computation of the balance in the capital account for Harrison is shown below:

= Opening balance + additional invested amount - withdrawn amount + net income distributed

= $160,000 + $20,000 - $96,000 + $132,000

= $216,000

We assume that the net income is equally distributed.

Since we have to determine for the Harrison only so we ignored the Marti data which is given in the question

4 0
4 years ago
The cpi is a measure of the overall cost of the goods and services bought by.
bekas [8.4K]

The cpi is a measure of the overall cost of the goods and services bought by a typical consumer.

<h3>What is the CPI?</h3>

The consumer price index is a measure of inflation. It measure the price changes of a basket of goods bought by consumers.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

To learn more about, consumer price index, please check: brainly.com/question/26382640

8 0
3 years ago
Savickas Petroleum's stock has a required return of 12%, and the stock sells for $43 per share. The firm just paid a dividend of
Elodia [21]
<span>Given Data:
</span><span>
The return = 12%</span><span>

Stock price = </span>$43/share
<span>
Dividend = $1.00

Growth rate = </span><span>30% per year

</span> D₄ = $1.00 × (1.30)⁴

<span>      = $2.8561.
</span><span>
Stock's expected constant growth rate after t = 4 
</span>
Stock's expected constant growth rate:

                                                              X = 6.34%
6 0
3 years ago
Read 2 more answers
You are going to interview for a position for which you have less experience and background than fellow candidates. You know, ho
Flura [38]

Answer: Oral interview

Explanation:

One of the best ways to sell yourself or pitch before a council seated to examining job hunters is by oral interview. During an oral interview, candidates for the job are ask to sell themselves as regards why they think they are best fit for the job, in most cases the qualifications of the candidate plays little or no vital role when they can't defend what they have or can't sell themselves enough to be seen capable for the job.

5 0
4 years ago
Sales total $320,000 when variable costs total $200,000 and fixed costs total $60,000. the sales volume is 5,000 units. the brea
sesenic [268]

Income Total $320,000 whilst variable expenses overall $2 hundred,000 and glued prices general $60,000. the sales volume is 5,000 gadgets. the breakeven point in income bucks is Sale 200000$

   

working

sale=400000$

VC= 300000$

Contribution=one hundred thousand/0.25

Contribution % to sales is 25%

BEP= Contribution = FC

FC=50000

Contribution % to sales is 25%

assume Sale is = X$ then

BEP= Contribution = FC

BEP= 25% of X$ = 50000$

X = 50000$/25%

X = 200000

The breakeven point is the point at which overall value and general sales are the same, meaning there's no loss or benefit to your small enterprise. In other words, you have reached the extent of production at which the charges of production equal the sales for a product.

The breakeven point in economics, business—and mainly price accounting—is the factor at which overall cost and overall revenue are the same, i.e. "even". there's no net loss or gain, and one has "broken even", even though possibility expenses have been paid and capital has received the risk-adjusted, expected return. This discernment is crucial as it's the most effective manner for an enterprise to decide if what it costs for its products and services will cover what it charges to make the products or provide the one's offerings.

Learn more about the breakeven point here: brainly.com/question/21137380

#SPJ4

8 0
2 years ago
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