Where is the link? I do not see the link in the comments
Answer:
If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
Ans: $2,970
The ''other method'' in question is the Cash method which recognizes revenue when cash is paid unlike the Accrual method that recognizes it when earned.
Using the Cash method the Service Revenue would be $2,970 because the cash has been received for it.
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
= Cash revenues - Cash expense
= Received cash for meals served to customers - Prepaid rent for three months - Received and paid electricity bill
= 2,530 - 2400 - 60
= $70
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?
= Revenue - Expense
= Served a banquet on account + Received cash for meals served to customers - Rent - Electricity - Accrued salary expense - depreciation
= 2,810 + 2,530 - (2,400/3) - 60 - 2,670 - 380
= $1,430
<em>Cash spent on Equipment is not expense but capital expenditure. </em>
Answer:
The false statement is letter "C": Stratification of the population into several homogeneous sub-populations generally reduces audit efficiency.
Explanation:
Stratification is the method of grouping a population into subpopulations, with each group of units having similar characteristics. The efficiency of audits can be increased if the auditor stratifies a population by grouping it into different sub-populations since the variability of items will be reduced.
1) Are you currently working with an agent?
2) are you working with a lender?
3) what are your dealbreakers?
4) what’s on your wishlist? (Walk in closets, pool, hot-tub, huge kitchen, etc.)
5) what is your favorite room in the house?
6) how do you prefer to be contacted?
7) What is your budget?
8) Have you seen other houses?
9) Any favorite neighborhoods?
10) is being close to your work or your child’s school a priority?
11) Where is your work located?
12) What do you enjoy doing in your spare time?
13) Let’s say tomorrow I have your home, are you ready to move?
14) What problems do you anticipate?
15) Do you have any concerns?
16) How much do you think your home is worth?
17) where is your child’s school located/ name of school?
18) if you wanted to be close to work/your child’s school, how many miles? 5-10 perhaps?
