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3 years ago

"according to the ______ method of accounting, revenues are recognized when they are earned"

Business

1 answer:

ZanzabumX [31]3 years ago

6 0

Answer:

the correct answer is accrual-basis

Explanation:

"according to the accrual-basis method of accounting, revenues are recognized when they are earned"

good luck

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Larry wants to hold an event that covers Dual Special Needs Plans (SNP). He will use the slide presentation provided by UnitedHe

Darina [25.2K]

Answer:

Not marketing sales event informal

Explanation:

Since Larry wants to hold an event that covers Dual Special Needs Plans (SNP) which are Medicare Plans that intend to help limit membership as well as helpntailor to people with a specific diseases in which he will be using slide presentation that was provided by United Healthcare to help explain the plan benefits and as well help the consumers to complete their enrollment applications at the end this means that the type of event that Larry need to conduct will be NOT MARKETING SALES EVENT INFORMAL reason been that United Health care enables people or individual to gain access to the services that address the most important and significant causes of disease and death in which they as well ensures that all the quality of the services they rendered is good enough to help improve the health and vitality of the people who receive their services.

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3 years ago

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

densk [106]

Answer:

Equivalent units of conversion cost = 317,000 units

Explanation:

The equivalent unit is the notional whole units which represent incomplete work and is used to apportion cost between cost between work in progress and completed units

Item units Equivalent units

Opening WIP 80,000 (80,000× 80%) = 64,000

Fully worked 250,000 (250,000× 100) = 250,000

Closing WIP 30,000 (30,000× 10%) = 3,000

Total equivalent units 317,000.

1. DOC for opening inventory is 80%, that is 100%-20%. Remember that 20% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in October .

3. Closing work is only 10% completed. This represent work started this period but not yet completed.

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3 years ago

On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,000,000. The county

Vladimir79 [104]

Answer:

Journal Entry

01 July Debit Taxes Receivable $4,000,000 Credit Allowance for uncollectible tax $200,000 Credit Revenue $3,800,000

30 April Debit Bank $3,710,000 Credit Taxes Receivables $3,710,000

Debit Interest and penalties on Unpaid Taxes $14,300 Credit Allowance for interests and penalties $1,600 Credit Revenue $12,700

30 June Debit Bank $56,600 Credit Tax Receivable $52,000 Credit Interest and taxes on unpaid taxes $4,600

Explanation:

Allowance for uncollectible tax = $4,000,000*5% =$200,000

Allowance for interests and penalties = 14,300 - 12,700 = 1,600

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4 years ago

Sammy Slick works for a company that allows him to contribute up to 10% of his earnings into a tax-deferred savings plan. The co

kiruha [24]

Answer:

Explanation:

the file attached shows the full explanation and i hope its explanatory enough

Download docx

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3 years ago

The common stock of Auto Deliveries sells for $28.16 a share. The stock is expected to pay $1.35 per share next year when the an

CaHeK987 [17]

Answer:

Market rate of return is 7.79%

Explanation:

The market rate of return on the stock can be computed using the market price of the stock , which is given below:

share market price =D1/(Expected market return-Dividend growth rate)

share market price is $28.16

D1 is the expected dividend next year which is given by $1.35

expected market return is the unknown

dividend growth rate is 3%

$28.16=$1.35/expected market return-3%

let y be the expected market return

$28.16=$1.35/y-3%

by cross multiplication the equation becomes

$28.16*(y-3%)=$1.35

y-3%=$1.35/$28.16

y=($1.35/$28.16)+3%

y=7.79%

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3 years ago

Read 2 more answers