Answer:
The system of land ownership during the early years of the industrial revolution where british landowners divided their fields into smaller units is known as Enclosure
Explanation:
Enclosure occured in England during the early years of the industrial revolution and played a part in migration of people from rural areas to cities that were becoming industrialized.
In the Enclosure system, common lands were merged, and the masses who previously had access to such lands, for activities such as grazing and farming, became restricted. Only the land owners could access such enclosed lands.
Land owners could then divide their lands into smaller portions and charge rent for it.
Answer:
Option A; 2.5
Explanation:
Average Accounts Receivable =
<u>Accounts Receivable(Opening) + Accounts Receivable (Closing</u>
2
<u>$220,000+$340,000</u>
2
$280,000
Vici's Receivables Turnover Ratio 2009= <u>Credit Sales</u>
Average Accounts Receivables
Credit Sales= $1000,000×70%=$700,000
Accounts Receivables Turnover Ratio=<u> 700,000</u>
280,000
A. 2.5
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Homeowners insurance- helps protect the home and possessions of a person
Life insurance- help support the funeral expenses of a person while also leaving money for living family members
Car insurance- insurance that helps afford a car and finance potential driver accidents
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Answer:
The material cost per unit is not used in the computation of equivalent units of production.
The correct answer is D
Explanation:
The percentage of completion of inventory in progress. the number of units transferred out and the number of units stated and completed are used in the computation of equivalent units of production.
Answer:
b. A debit to Deferred Inflows: Property Taxes; and a credit to Revenues Control.
Explanation:
In accrual accounting revenues and expenses are not recognised till they are earned or incurred.
Deferred revenue is the income for goods that have not been delivered yet. For example if a business made sales of books worth $500 but have not delivered the goods to the buyer, the income realised is credited to deferred income. When the books have been delivered the income can now be recognised and moved to revenue account.
So in the scenario given the property taxes have not been collected yet and Soni's recorded as Deferred inflow from the previous year. When the taxes are collected we debit Deferred Inflow- Property taxes and credit Revenue Control.