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Lera25 [3.4K]
3 years ago
9

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? GA

AP allows for the _______ method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.
Business
1 answer:
dexar [7]3 years ago
4 0

Cash Method of Accounting records revenues when they are received and expenses when they are paid.

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What is the reason most practices don't have an emergency plan?
Allushta [10]

Answer:

The correct answer is C, The staff thinks that an emergency won't happen to them.

Explanation:

Emergency plans are necessary in all practices. Staff must be fully taught of what has to be done and what would be the plan in case of emergency. But most practices don't have emergency plans. This is because of the fact that the staff thinks that an emergency won't happen to them. This is not a wise approach. Emergency planning has to be done in all practices because nobody know what happens in the next second.

4 0
3 years ago
5. Consider the supply chain involved when a customer orders a book from Amazon. Identify the
emmainna [20.7K]

Answer:

1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers

2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.

Processes in pull strategy:

1. Shipping

2. Order fulfilment

Processes in push strategy:

1. Stock replenishment

2. Production

6 0
4 years ago
Please help me out using these notes
Yanka [14]

Problem One

1: True partners are called members

2: True too. There is only limited liability

3: False: LLCs are not a separate Tax Entity

4: True. It's not in your notes, but members are not held responsible for the criminal acts of an LLC

5: True Members are taxed on their own tax returns.

1 2 4 and 5 are all true. Only 3 is false.

Problem Two

Inflation shows up very slowly and then takes hold with a vengeance. I would say we are currently in an inflation spiral but it is just starting. Just ask your mum about food prices (or your dad about overall cost of living).

The first thing the government must do is take action when they see something happening. They can do one of two things: the can cut expenditures or raise taxes. They can do the former anytime, the latter will take time to happen.

I think the second step is to gear down manufacturing beginning in January.

Producers know that they should manufacture less because consumers will have less money, but when to start doing that is the question. March or April is when the Tax Payer notices the tax increase.

Inflation will decrease is the last step. But this is an iffy question. The second and third steps could be interchanged. The way I have written it is the way I would have answered it, but I can't be certain.


6 0
3 years ago
Read 2 more answers
Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company: Account Title D
liberstina [14]

Answer:

the current asset for Jones company is $80,800

Explanation:

The computation of the current asset is shown below

Current Assets = Cash + Accounts Receivable+ Prepaid Insurance

= $47,000 + $24,000 + $9,800

= $80,800

hence, the current asset for Jones company is $80,800

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0
3 years ago
Rupert and Cordelia own an American company that does business in foreign nations. Getting a license in a new country can be cha
Daniel [21]

Answer:

Option C.The payment made by Cordelia but not the payment made by Rupert.

Explanation:

Based on the information given we were told that Rupert did the right thing and as well follow the due process and custom of the country because he fills out the license paperwork and as well takes the license paperwork to the correct office in which he pays the front desk person the amount of $100 to process the paperwork while Cordelia on the other hand violated the Foreign Corrupt Practices Act reason been that due to the connections she had in that country she went ahead to schedules an appointment with the minister in charge of commerce because the minister has the authority to determine the foreign companies that can get licenses and she as well pays the minister the amount of $200 to approve their license.

Therefore based on the scenario we can vividly say that the payment made by Cordelia but not the payment made by Rupert violated the Foreign Corrupt Practices Act.

7 0
4 years ago
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