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allsm [11]
3 years ago
15

Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory i

n the next accounting period. Which accounting principle does she comply with?
A)business entity concept
B)cash based accounting principle
C)accrual basis of accounting
D)going concern concept
Business
1 answer:
Sergio [31]3 years ago
6 0

The answer is: C.accrual basis of accounting

Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.

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Haven Corporation issued $700,000 of 10-year bonds payable at par in 2014. During 2020 Haven paid $50,000 interest and an additi
Vikki [24]

Answer:

Net cash used in financing activities $233,333

Cash disbursed for operating activities $50,000

Explanation:

Based on the information given we were told that the company paid interest amount of $50,000 which as well include an additional amount of $233,333 to retire 1/3 of the bonds at par, which Therefore means that the above activities would be reported in Haven's statement of cash flows for 2020 as: NET CASH USED IN FINANCING ACTIVITIES of the amount of $233,333 and CASH DISBURSED FOR OPERATING ACTIVITIES of the amount of $50,000.

4 0
3 years ago
Shotguns are classified by: caliber bore choke gauge
andrew-mc [135]
They are classified by gauge, 20,28,12,10
4 0
4 years ago
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. Ifit accepts a $1,000 cash
lyudmila [28]

Answer:

a.$900

Explanation:

The required reserve is the amount of reserve required by the Central bank for banks to keep as reserves.

If the reserve ratio is 10% and $1000 is deposited, the required reserve is $100.

$1000 - $100 = $900 would be available to banks to give out as loans. Thus , money supply increases by $900.

I hope my answer helps you.

4 0
3 years ago
Weisbro and Sons common stock sells for $24 a share and pays an annual dividend that increases by 4.9 percent annually. The mark
pogonyaev

Answer:

The amount of the last dividend paid by this company was $1.30/share.

Explanation:

Hi, in order to find the last dividend paid by the company, we need to use the following equation.

Do=\frac{Price(r-g)}{(1+g)}

Where:

Do = Last dividend paid

r = Market rate of return

g = annual growth rate

So, everything should look like this.

Do=\frac{24(0.106-0.049)}{(1+0.049)} =1.304099

Therefore, the last dividend paid by the company was $1.30/Share.

Best of luck

3 0
3 years ago
Researchers at PPG Industries spent considerable time, effort, and money developing a bluish windshield that would let in filter
djverab [1.8K]

Answer:

Production Oriented

Explanation:

A business that practices a manufacturing strategy tends to ignore the needs of its consumers and only focus on making a quality product effectively, called Production oriented company.

In this case, PPG Industry only concentrates on making a high-quality windshield, and ignore the purchasing power of their customers, also their scientist ignore the color choice of the consumer.

8 0
4 years ago
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