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Gelneren [198K]
3 years ago
7

Accrual basis accounting records ______. (Check all that apply.)

Business
1 answer:
zhuklara [117]3 years ago
4 0

Answer:

The following applies:

1. expenses when incurred to generate revenue.

2. expenses even when cash has not yet been paid

3. revenue even when cash has not been collected

4. revenue when earned

Explanation:

Accrual basis is an accounting concept that recognizes revenue when earned when if the collection of cash will be done later.

It also recognizes expenses when incurred even though the cash has not been spent.

Accrual basis matches a transaction with when it happened.

It is different from cash basis which recognizes revenues only when the cash is received and expenses only when the cash has been spent.

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True or False: In business messages, the quantity of words enhances the quality of the message. True False
galina1969 [7]

Answer:

The statement is: False.

Explanation:

Many people have the wrong idea that writing long paragraphs is better to provide a more professional look to a study or report. However, in business especially, the optimal rule to follow is to be short and concise. Managers need information that will help them make decisions. Thus, the data provided must give clear conclusions from where the decisions can be taken. Wordy reports seem unuseful for that purpose.

5 0
4 years ago
Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below.
Katarina [22]

The stock price is mathematically given as

P=$57.64

<h3>What is the stock price?</h3>

Generally, the equation for is Value after year  mathematically given as

V=\frac{(FCF for year 5*Growth rate)}{(WACC-Growth rate)}\\\\V = \frac{(55.4*1.05)}{(0.09-0.05)}

V= $1454.25

Hence, the current value is mathematically given as

I=Discounting factor equal to the future cash flows multiplied by their present value

I=\frac{-22.76}{1.09} + \frac{38.8}{1.09^2}+ \frac{43.4}{1.09^3}+\frac{52.3}{1.09^4}+\frac{55.4}{1.09^5}+\frac{1454.25}{1.09^5}

I=$1063.508769

current value for ordinary stock

I'=$1037.508769million

In conclusion, the stock price is

P=(1037.508769/18)

P=$57.64

Read more about the stock price

brainly.com/question/15021152

#SPJ1

5 0
2 years ago
The city of Orlando has offered to purchase Neil’s land to be used for the expansion of a thorough-fare through the city. Neil h
Lubov Fominskaja [6]

Answer:

D) eminent domain.

Explanation:

In the US, eminent domain is the right of a government entity (local, state or federal government) to take private land and assign a public use to it. This government expropriation is carried out with a compensation payment done to the landowner.

In this case, the municipal government of Orlando is going to expropriate Neil's land and use it to expand a thoroughfare (road or avenue) through the city. The city will pay Neil a certain amount of money for taking away his land and suing it for a public service.

The 5th amendment of the US Constitution states that eminent domain must be carried out only after the landowner has been compensated for his/her loss.

4 0
4 years ago
Sargent Corporation bought equipment on January 1, 2021. The equipment cost $360,000 and had an expected salvage value of $60,00
Fiesta28 [93]

Answer:

c. $50,000.

Explanation:

Depreciation: The depreciation is a non-cash expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement.

The computation of the depreciation expense under the straight line method is shown below:

= (Original cost - expected salvage value) ÷ (estimated life of the equipment)

= ($360,000 - $60,000) ÷ (6 years)

= ($300,000) ÷ (6 years)  

= $50,000

In this method, the depreciation is same for all the remaining useful life

5 0
4 years ago
What does the term "peak oil" refer to?
Nitella [24]
B. The point in time at which the maximum amount of oil is being pumped from underground. 

"Peak oil" refers to the measurement for the productivity and extent of extracting oil from the ground. The peak point is when the most oil is being extracted or pumped. If graphed, this would indicate the top of the crest or cycle for oil extraction for this particular site from underground. 
3 0
3 years ago
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