1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RideAnS [48]
3 years ago
7

Under cash-basis accounting, if a company provides services to a customer in the current year but does not collect cash until th

e following year, the company should report the revenue in the current year.
A. True
B. False
Business
1 answer:
PIT_PIT [208]3 years ago
3 0

Answer:FALSE

Explanation:CASH BASED ACCOUNTING is an accounting that is considered only when the money payment is effected. It does not take in account cash which has not been received. In the financial statements it will only include cash received during the year or period under review. This makes it different from Accrual based accounting which also includes cash not yet received but are been expected.

You might be interested in
The last five annual dividends for MysteryCorp have been: $1.25, $1.38, $1.49, $1.60, and $1.69. Next year's dividend is expecte
Nataliya [291]

Answer:

Re = 8.79%

Explanation:

annual growth rates:

($1.38 - $1.25) / $1.25 = 0.104

($1.49 - $1.38) / $1.38 = 0.078

($1.60 - $1.49) / $1.49 = 0.074

($1.69 - $1.60) / $1.60 = 0.056

geometric growth rate = ⁴√(1.104 x 1.078 x 1.074 x 1.056) - 1 = ⁴√1.34976 - 1 = 1.0779 - 1 = 0.0779 = 7.79%

P₀ = Div₁ / (Re - g)

$199 = $2 / (Re - 0.0779)

Re - 0.0779 = $2 / $199 = 0.01

Re = 0.01 + 0.0779 = 0.0879 = 8.79%

7 0
3 years ago
Which of the following is a PRE-READING activity designed to help build reading comprehension
kondaur [170]
I think the correct answer would be the second option. Paraphrasing the ideas within a document is an activity that would help building reading comprehension. Paraphrasing ideas would require one to understand the context of the sentence so that you can write it in your own way so in a way it helps comprehension.<span />
7 0
3 years ago
In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase
soldier1979 [14.2K]

Answer:

-$264,000

Explanation:

The net cash flows from investing activities for the year is presented below

Cash flow from investing activities

Purchase of equipment  -$260,000

Proceeds from the sale of equipment $87,000

Purchase of land -$91,000

Net cash flow used by investing activities  -$264,000

The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added

3 0
3 years ago
A company makes tools, such as hammer and tape measures. One of their primary raw materials is steel and if they run out of stee
Sedbober [7]

Answer:

D. continuous review system

Explanation:

In the context of manufacturing it seems that the system being described would be a continuous review system. Like mentioned in the question this is a system that automatically adjusts the stock level in real time when a product moves in or out of stock, and automatically triggers an order for more stock as soon as the stock level hits a low quantity point is hit.

3 0
3 years ago
In Da Houz is a bar which mostly plays trance music, and has a dedicated day every week for local bands to perform. In Da Houz t
Dmitry_Shevchenko [17]

Answer:

Direct marketing            

Explanation:

In simple words, Direct marketing relates to the means of selling an deal, where companies specifically interact with a pre-selected client and provide a mechanism for veiled reference. It has also been recognized as direct reaction marketing amongst practitioners.

The least likely to be successful is indeed a direct marketing message that is sent to the largest possible public. After all, while simply irritating several other beneficiaries, the business can gain few more consumers.

5 0
3 years ago
Other questions:
  • Economists use gross national product to measure
    11·1 answer
  • Miguel is doing a research paper on new york city's stonewall riots of 1969. he visits the scene of the riots, interviews people
    6·1 answer
  • Crane Company is contemplating the production and sale of a new widget. Projected sales are $375000 (or 75000 units) and desired
    12·1 answer
  • Nori files a suit against Mica to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds.The
    8·1 answer
  • Technology can either shift the labor demand to the right or to the left, depending on its effect on the marginal product of lab
    15·2 answers
  • The following transactions occurred during July: 1. Received $1,350 cash for services performed during July. 2. Received $6,950
    8·1 answer
  • As old central business districts and industrial zones in more developed countries lost businesses and employment in the mid- to
    7·1 answer
  • Banks pay interest to customers through a
    15·2 answers
  • Identify which of the following items would be reported in the balance sheet:a. Cash d. Wage expense g. Net incomeb. Sales e. Wa
    6·1 answer
  • ____are not very liquid because you cannot take out money
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!