Answer: Accrual accounting
Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.
In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.
Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.
Answer:
true
Explanation:
its true because if you look at your computer it goes left to right ,top to bottom . Also because you can turn on your flipagram
Answer:
The answers are increases and more.
Explanation:
When the government levies a tax on a good equal to the external cost associated with the good’s production, it ___increases_____ the price paid by consumers and makes the market outcome __more______ efficient
Because that is the imposition of tax on the external cost created by a commodity will lead to an increase in the price of the commodity. When the government imposes tax on goods equal to the external cost, it leads to the market outcome becoming more efficient.
Answer:
A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
Explanation:
A base year can be described as a year that is used as a reference year for comparison with other years.
To calculate the percentage increase/decrease of each current asset amount of Homework American Corporation, the following formula is used suing Year 1 as the base year.
Percentage increase/decrease = [(Year 2 amount - Year 1 Amount) / Year 1 Amount] * 100 .............................. (1)
Using equation (1), we have:
Percentage increase/decrease in Cash = [($245.90 - $202.95) / $202.95] * 100 = [$42.95 / $202.95] * 100 = 0.21 * 100 = 21% increase
Percentage increase/decrease in Accounts Receivable (A/R) = [($485.34 - $398.02) / $398.02] * 100 = [$87.32 / $398.02] * 100 = 0.22 * 100 = 22% increase
Percentage increase/decrease in Inventory (A/R) = [($648.54 - $785.12) / $785.12] * 100 = [-$136.58 / $785.12] * 100 = -0.17 * 100 = 17%
Based on the calculations above, the correct option is e. A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
Answer:
the answer is c) To increase awareness by 20% in the next year
Explanation:
The objectives in the business and companies in the world, in this case marketing need to have a quantifiable goal and estimated time of duration, in this case the option a) doesn't have a number that measure the percentage of the market share, and in the option b) doesn't have an estimated time for example one year or 10 months. Due that the option c) accomplish with the two conditions the answer is c)
