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wlad13 [49]
3 years ago
8

The pink peonies law firm prepays for advertising in the local newspaper. on january​ 1, the law firm paid $ 6 comma 000 for twe

lve months of advertising. how much advertising expense should pink peonies law firm record for the two months ending february 28 under the
a. cash​ basis?
b. accrual​ basis?
Business
1 answer:
quester [9]3 years ago
6 0

Since the company paid for $6000 good for one year, look for the monthly advertising payment, to do this divide the total payment by 12 months. 6000/12 = 500. So the monthly payment would be $500.

 

a.       Cash basis accounting:


Advertising expense using cash basis would be $6000. Because the company already paid for the advertising good for 12 months.


b.      Accrual basis accounting:


Advertising expense under accrual basis would be $1000.


Calculations:


$6000 Advertising prepaid on January 1 for 12 months.


Advertising expense per month is $500.


Advertising expense per month× 2 months = $1000 Advertising expense for January and February.

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The R-W-W Framework is used to screen new products. R-W-W stands for:
finlep [7]

Answer: 1. W: Is it worth doing?,2. R: Is it real, 3. R: Is it real, 4. W: Can we win?,5.W: Can we win?-

Explanation:The R-W-W Framework is used to screen new products. R-W-W stands for:

Is it Real?

Can we Win?

Is it Worth doing?  By matching each description to nthe correct R-W-W category, i have that

1) The new product would cost $12.50 to manufacture, and similar products sell for $9.00----- W: Is it worth doing?

2)Research shows that 85% of high school students enjoyed playing the new game.-----R: Is it real

3)The results of the last market survey showed only 35% of consumers were interested in the new product-----. R: Is it real?

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5)To manufacture the new product, the company may need to hire 10 more assemblers.-----W: Can we win?

3 0
3 years ago
A liquidity ratio measures the Group of answer choices income or operating success of an enterprise over a period of time. abili
mr Goodwill [35]

Answer:

short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash

Explanation:

A liquidity ratio can be regarded as type of financial ratio which is been utilized in determination of a ability of a company to pay out its short-term debt obligations. The metric is way to determine if there is a possibility for company to use its current as well as liquid and assets to cover up for its current liabilities.

It should be noted that A liquidity ratio measures short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.

6 0
3 years ago
Place in chronological order the lag phenomena associated with the use of fiscal policy to smooth business cycles.
maxonik [38]

Answer:

1. Recognition lag

2. Implementation lag

3. Impact lag

Explanation:

4 0
2 years ago
Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

4. Also a better government

Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0
3 years ago
• Define the mergers and acquisitions of Tesla and define what has the company gained?
iris [78.8K]

Some of the mergers and acquisitions of Tesla company includes:

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<h3>What is a Merger?</h3>

This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.

Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:

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The size of the market and the growth strategy of Tesla company is:

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Read more about mergers and acquisitions here:
brainly.com/question/13709735

6 0
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