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Pavel [41]
2 years ago
6

If revenues are recognized only when a customer pays, what method of accounting is being used?Recognition basisAccrual-basisMatc

hing basisCash-basisPeriodicity
Business
1 answer:
Dvinal [7]2 years ago
3 0

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.

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For better inventory and distribution, employees should be educated on all of the procedures involved and should be given as muc
Soloha48 [4]

Answer:

<em>For better inventory and distribution, employees should be educated on all of the procedures involved and should be given as much time as needed to ensure they are fully informed. </em><em><u>True</u></em><em> </em>

8 0
2 years ago
Leisha grew 4.5 inches and gained 3 pounds last year. about how many years old is leisha likely to be?
Nadya [2.5K]
Leisha is likely to be about three years old. This is because, between age two and three, children usually increase in length by about  3 - 5 inches and gained about 4 pounds. In the first two years of life, growth is faster than this while between the ages of four and six, growth is slower.
7 0
3 years ago
Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change
Hatshy [7]

Answer:

Option A                                              

Explanation:

Frictional joblessness is one form of joblessness. This is often referred to as searching insecurity, that can be dependent on specific conditions. When an employee applies for a position or moves from one workplace to another which is time wasted in employment than such condition is called frictional unemployment.

There is frictional instability, since both employers and employees are diverse, and the dynamics of market forces can lead in a shortage. Such a misalignment may be linked to expertise, salary, job time, place, mood, taste, and many other variables.

8 0
3 years ago
An investment project has annual cash inflows of $4,200, $5,100, $6,300, and $5,500, and a discount rate of 15 percent. a. What
Naddika [18.5K]

Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

Cf2= $5,100

Cf3= $6,300

Cf4= $5,500

Discount rate= 15%

<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>

<u></u>

Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

<u>To be more accurate:</u>

(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

6 0
3 years ago
Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolor
natita [175]

Answer:

revenue cycle

Explanation:

Dolores Yu provides a payroll processing business. According to question, service has been rendered and now its time to collect bills for those service.

Since revenue cycle is capturing of bills and payment for product or service rendered. The work mentioned in the problem is part of revenue cycle.

5 0
2 years ago
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