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2 years ago

Definition of Accrual Basis of Accounting

Business

1 answer:

Oksanka [162]2 years ago

3 0

Answer:

Under the accrual basis of accounting (or accrual method of accounting), revenues are reported on the income statement when they are earned. When the revenues are earned but cash is not received, the asset accounts receivable will be recorded.

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There are three consecutive steps in a customer service process. The first two steps are each capable of serving 25 customers pe

MakcuM [25]

Answer:

If the first two steps are run at full capacity, then the third step has a waiting line.

Explanation:

Waiting line is defined as a line of people or vehicles waiting for something. Hence, if the first two step runs in a full capacity been able to serve 25 customers per hour. Meaning for each hour 50 customers will be attended to by the two, then the third will surely be on a waiting line.

3 0

3 years ago

Problem 5-35 Comparing Cash Flow Streams [LO 1] You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They

Minchanka [31]

Answer:

PV of 1st option = $185,015.50

PV of 2nd option = $192,683.78

Explanation:

Computing the present value of the monthly payments, we use the formula $PV = \frac{A(1-(1+r)^{-n}) }{r}$

Where PV = present value of the monthly payments

A = monthly salary

r = monthly interest rate = 6%/12 = 0.5% = 0.005

n = number of months = 24 months

PV of the 1st option, $8,200 monthly for the next 2 year

$PV = \frac{8,200(1-(1.005)^{-24}) }{0.005}$ = $185,015.50.

PV of the 2ns option, $6,900 monthly + $37,000 signing bonus

$PV = \frac{6,900(1-(1.005)^{-24}) }{0.005}+37,000$ = $155,683.78 + $37,000 = $192,683.78.

7 0

3 years ago

True or false: A management contract is an arrangement in which one firm contracts with another to produce products to its speci

Nina [5.8K]

The statement which states that a management contract is an arrangement in which one firm contracts with another to produce products to its specifications is false

According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to produce its goods to its specifications.

As a result of this, we can see that a management contract is one where one firm gives its management skills in part or in full to another firm.

With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to produce products to its specifications but is in charge of the marketing.

Therefore, the correct answer is false.

Read more here:

brainly.com/question/17440307

3 0

2 years ago

24) To ensure that respect and mutual cooperation exists among all parties, and to leverage cooperation in order to meet operati

ira [324]

Answer:

CMOCs.

Explanation:

CMOCs, short for Civil-Military Operations Centers, are centers that are temporarily established in a particular country where a military operation is taking place in order to maintain a relationship between military and non-military entities. In some cases, it may serve as a replacement for a government after some kind of a disaster, which can have natural or man-made causes.

Many different types of operations can take place in these centers, such as attempts at stabilization of that country, reconstruction, humanitarian relief, etc.

3 0

3 years ago

The balance in Happ Inc.’s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 bala

Dafna1 [17]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the bank reconciliation statement on September 30 is presented in the spreadsheet. Kindly find the attachment below:

7 0

3 years ago