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Mekhanik [1.2K]
3 years ago
5

The Jack Frost Law Firm prepays for advertising in the local newspaper. On January​ 1, the law firm paid $ 11 comma 000 for ten

months of advertising. How much advertising expense should Jack Frost Law Firm record for the two months ending February 28 under the
a. cash​ basis
b. accrual basis
Business
1 answer:
Svet_ta [14]3 years ago
8 0

Answer:

a. $11,000

b. $2,200

Explanation:

According to the cash basis accounting, the cash is recorded when actual cash is received

But as per the accrual basis of accounting, the revenue is recorded when it is realized or earned whether cash is received or not                      

So,

a. Cash basis = $11,000

b. Accrual basis

= $11,000 ÷ 10 months × 2 months

= $2,200

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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
2 years ago
The intent of corporate advertising is to make sure that all of a company's products are seen in a common, positive manner. True
evablogger [386]

Answer:

False since the intent of corporate advertising is usually done to ensure that the perception of the company's image is positive.

Explanation:

Corporate advertising is usually done to ensure that the perception of the company's image is positive. The products under the corporation is not a priority in this case, rather its is the company as a whole that needs to be viewed in good light.

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These companies always want to prove that they care more about the public than they care for the products, in this way they create the perception that the company is primary and anything else is secondary.

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6 0
2 years ago
Although Martin is not in top management, he is charismatic and well liked by others in his organization. Other employees often
Bingel [31]

Answer:

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Explanation:

Informal leadership is an individual's <em>ability to manipulate other people's behavior through means other  than structured authority granted by the company across its rules and regulations. </em>

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7 0
3 years ago
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3 years ago
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OverLord2011 [107]

Answer:

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8 0
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