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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>
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Why is study of fossils is important to human being?
lara [203]

Answer:fossils are important in understanding the history of the world because they provide physical evidence of animals and plants that lived in the past.

Explanation:

5 0
3 years ago
A consumer's demand curve for a product is downsloping because:_________.a. total utility falls below marginal utility as more o
lesantik [10]

Answer:

c. marginal utility diminishes as more of a product is consumed.

Explanation:

The law of diminishing marginal utility states that when a person consumes more and more units, the marginal utility of extra units diminishes as additional units are obtained from the marginal utility.  

Moreover, the graph of this diminished marginal utility that results in the consumer demand curve for a product goes downward sloping.

7 0
3 years ago
Destin Industries received a $60,000 check from one of its customers, deposited it into its bank account, and recorded it in its
gregori [183]

Answer:

Collection float

Explanation:

Collection float is defined as the time interval between check payment made into a bank and the time the payment is cleared and credited to the beneficiary.

It is also caused when check payment received are not yet deposited or checks posted by customer but it is not yet received.

It is a major factor of discrepancy between the bank statement and the cash book record .

4 0
3 years ago
Treasury bill returns are 4%, 3%, 2%, and 5% over four years. The standard deviation of returns
IRINA_888 [86]

Answer:

Option (D) 1.29%

Explanation:

Data provided in the question:

Treasury bill returns over four years :

4%, 3%, 2%, and 5%

Now,

Average return = (4% + 3% + 2%+ 5%) ÷ 4

= 3.5%

Standard deviation = [ ∑(Return - Mean)² ] ÷ [ n -1 ]

= [ (4% - 3.5%)² + (3% - 3.5%)² + (2% - 3.5%)² + (5% - 3.5%)² ] ÷ [ 4 - 1 ]

= 3.87% ÷ 3

= 1.29%

Hence,

Option (D) 1.29%

8 0
3 years ago
A communication plan is a key component for giving guidelines on how to track project:________a. Issues.b. Costs.c. Defects.d. B
AfilCa [17]

Answer: a. Issues

Explanation:

A Communication plan for a project allows for easier information flow between the stakeholders in the project including the client, the company and the workers.

By setting standards on how and what should be communicated the plan will let the stakeholders know how to communicate any issues affecting the project. The plan will also let the stakeholders know how to track issues that will be reported.

3 0
4 years ago
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