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
Deffense [45]
3 years ago
8

The purpose of the accrual basis of accounting is to:

Business
1 answer:
ololo11 [35]3 years ago
5 0
The accounting method under which revenues<span> are recognized on the income statement when they are earned.</span>
You might be interested in
Widget Inc. manufactures widgets. The company has the capacity to produce​ 100,000 widgets per​ year, but it currently produces
gayaneshka [121]

Answer:

$62,100

Explanation:

Given that,

Sales price per unit = $ 40

Variable costs per​ unit:

Manufacturing = $ 23

Marketing and administrative = $ 8

Total fixed​ costs:

Manufacturing = $ 76,000  

Marketing and administrative = $24,000

Total incremental costs:

= Variable manufacturing + Variable marketing and administrative

= (6,900 × $23) + (6,900 × $8)

= $158,700 + $55,200

= $213,900

Incremental income:

= Incremental revenue - Total incremental costs

= (6,900 × $40) - $213,900

= $276,000 - $213,900

= $62,100

Therefore, the operating income increases by $62,100.

7 0
3 years ago
Emporia Corporation is a lessee with a capital lease. The asset is recorded at $810,000 and has an economic life of 8 years. The
Doss [256]

Answer:

The amount of depreciation expense the lessee should record for the first year of the lease is $108,000

Explanation:

To calculate the depreciation expense for each year the first thing you have to do is to substruct from the initial value the fair value at the end fo the lease, obtaining this way the depreciable amount.

For this case it would be:

$810,000 - $270,000= $540,000

Then you have to divide the depreciable amount by the years of the term the lease.

$540,000/5= $108,000

4 0
3 years ago
Find the dimensions of a rectangle with the area 170 sq. ft.
VikaD [51]
One side could be 85 and the other could be 2.
5 0
3 years ago
One's privilege status can be raised for the sake of solving a security access problem is to provide a trouble ticket, which iss
enot [183]

Answer:

Write convert() method to cast double to int Complete the convert() method that casts the parameter from a double to an integer and returns the result. Note that the main() method prints out the returned value of the convert() method.

Ex: If the double value is 19.9, then the output is: 19

Ex: If the double value is 3.1, then the output is: 3

Explanation:

<h2>plz mark me as a BRAINLIAST...</h2>
4 0
2 years ago
According to the ________ argument, governments should temporarily support new industries until they have grown strong enough to
DiKsa [7]

Answer:

The right answer is "Infant industry".

Explanation:

  • An economic phrase that is used to characterize the organization through its early phases of developmental stage, is determined as the Infant industry argument.
  • This means that a freshly created industry seems to be a newborn industrial sector, requires authorities to either support and/or safeguard certain businesses through regulations.
3 0
3 years ago
Other questions:
  • Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following fina
    10·1 answer
  • Ibtihal occasionally had garage sales at her home, and also sells a few items each month on Ebay. In one garage sale, she sold a
    7·2 answers
  • Under the Texas penal code
    14·1 answer
  • The new-product process starts with new-product strategy development. Place the steps that follow this one in order. (In other w
    11·1 answer
  • What ROI will you need to double your money in 12 years​
    13·1 answer
  • When looking to increase the presence of a website, putting together your search engine optimisation plan will help you plan you
    5·1 answer
  • Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 t
    15·1 answer
  • Esteban's job responsibilities were recently changed as part of a decentralization effort taking place at his place of employmen
    9·1 answer
  • Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accou
    11·1 answer
  • The panel of economists appointed by the senate finance committee estimated that the cpi ______ inflation by approximately _____
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!