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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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_________is a repository of current and historical data of potential interest to managers throughout the organization to assist

OLga [1]

Answer:

Data Warehouse

Explanation:

A “data warehouse” is a repository of current and historical data of potential interest to managers throughout the organisation, that has been organized by subject to assist decision makers to be guided in their decision making.

The data in the data warehouse may be recent or ancient, and may be in its raw form or may have been processed and/or summarized.

Absence of data warehouse in an organisation displays the reality that decision making may not be at its best and that the quality of decisions can be improved, no matter how good they maybe without a data warehouse.

4 0

3 years ago

Cor-Eng Partnership was formed on January 2, 20X1. Under the partnership agreement, each partner has an equal initial capital ba

hjlf

Answer:

$20,000

Explanation:

The problem simply asks for Eng's initial capital balance in Cor-Eng partnership and it is just Eng's <u>contributed cash of $2,000</u> to form the partnership.

No need to dwell on the other amounts. Just focus on what was being asked and you'll not get lost ^_^

8 0

2 years ago

Presented below are selected account balances for Tamarisk Co. as of December 31, 2020.

Svetradugi [14.3K]

Answer and Explanation:

The closing entries for the following accounts are presented below:

1. Sales Revenue A/c Dr $408,750

To Income Summary $408,750

(Being revenue account closed)

2. Income summary A/c Dr $323,830

To Cost of Goods Sold $229,017

To Sales Returns and Allowances $11,908

To Sales Discounts $15,070

To Selling Expenses $16,133

To Administrative Expenses $37,525

To Income Tax Expense $30,300

(Being expenses accounts are closed)

3. Income summary A/c Dr $84,930 ( $408,750 - $323,830)

To Retained earning $84,930

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $17,873

To Dividend A/c $17,873

(Being dividend account is closed)

7 0

3 years ago

What does "pivoting" mean in the process of concept development?

olga55 [171]

Answer:

identifying data required to validate a concept

7 0

2 years ago

Shackleford corporation net income this year is $800,000. The company generally retains 35% of net income for reinvestment. the

ZanzabumX [31]

Answer:

A. $22.61

Explanation:

First,

find the growth rate(g);

g = ROE *retention rate

retention rate = 35%

ROE = Net income/value of equity

ROE = 800,000/5,000,000 = 0.16

Therefore, g = 0.16*0.35

g =0.056 or 5.6%

Price = $\frac{D0(1+g)}{(r-g)}$

D0 = Recently paid dividend

g = growth rate

r = required return

Price = $\frac{1.37(1.056)}{0.12-0.056} \\ \\ =\frac{1.44672}{0.064} \\ \\ =22.605$

Therefore, the value of this stock is $22.61

4 0

2 years ago