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Aleks [24]
3 years ago
14

Hariette would like to review the income and expenses that were actually paid last month so she can determine how much to set as

ide for her estimated taxes. What accounting method should Hariette choose when she runs the Profit & Loss report? Cash (basis) Accrual (basis) Modified (basis) Hybrid (basis)
Mathematics
1 answer:
Brrunno [24]3 years ago
5 0

Answer:

Hybrid basis

Step-by-step explanation:

There are different methods of accounting used by businesses depending on their peculiar needs. Below are the type of accounting methods:

- Cash basis is when revenues and expenses are recognised when cash is recieved or paid out.

-Accrual basis is when revenue and expenses are recognised when they are earned. For example if services are rendered to a client that will pay in a week's time, since service has already been given it is considered that the future payment has been earned.

- Modified basis combines elements of cash and accrual basis. For example considering short term assets like accounts receivable and accounts payable as cash items. Long term assets are recorded on accrual basis.

- Hybrid basis is used when cash and accrual methods are used for various expenses and tax. Mostly it is used for internal accounting purposes.

In this scenario Hariette would like to review the income and expenses that were actually paid last month. This requires a cash basis that shows actual amount recieved and paid last month. Account receivable and payable are not considered.

In setting aside money for tax she will employ accrual basis accounting. It is an expense that is estimated for future use.

So the hybrid basis is the method that will be most suitable.

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HELPPPPPP PLEASEEEEee 34 + 2 ⋅ 5 = ____. (Input whole numbers only.) (1 point)
yaroslaw [1]
The answer is 44
10+34
5 0
3 years ago
Are the two triangles similar? How do you know?
Bess [88]
There are several conditions where triangles can be proved similar:

AA - where two of the angles are same.

SAS - where two sides of a triangle compare to the corresponding sides in the other are in same proportion, and the angle in the middle are equal.

SSS - Where all sides in a triangle and the corresponding sides are in the same proportion.

In the case above, we can only use the method of SAS, as only two sides of the triangles are given.

<HMG = <JMK (vertically opposite angles)

HM/MK = 8/12 = 2/3

GM/MJ = 6/9 = 2/3

As the two sides of a triangle comparing to the corresponding sides in the other are in same proportion, and the angle in the middle are equal, the above triangles are similar, with the prove of SAS.

Therefore, the answer is C.yes by SAS.

Hope it helps!
7 0
2 years ago
On the day of a child’s birth, a deposit of $25,000 is made in a trust fund that pays 8.75% interest, compounded continuously. D
lbvjy [14]

9514 1404 393

Answer:

  $222,822.57

Step-by-step explanation:

The account balance is given by ...

  A = P·e^(rt)

where P is the principal invested at interest rate r for t years.

  A = $25,000×e^(0.0875·25) ≈ $222,822.57

8 0
2 years ago
Soft drinks are being purchased in case of 24. If there are 1008 soft drinks to packed,how many cases are needed?​
galben [10]

Answer:

42 Cases.

Step-by-step explanation:

1008 divided by 24 = 42

7 0
3 years ago
Need help fast! with both questions
Eduardwww [97]

Answer:

first one is 41 i think and the second is 30 for sure

Step-by-step explanation:

6 0
2 years ago
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