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
kaheart [24]
3 years ago
10

Accounting for revenue using the cash basis of accounting means that no entry is made to the revenue account until the cash is r

eceived. true or false.
Business
1 answer:
lakkis [162]3 years ago
4 0
It is true that a<span>ccounting for revenue using the cash basis of accounting means that no entry is made to the revenue account until the cash is received. When the cash basis is used, revenue is not recorded until the cash is actually received. </span>
You might be interested in
You are choosing between these four investments and you want to be​ 95% certain that you do not lose more than 8.00 % on your in
MakcuM [25]

Answer:

option B

Explanation:

In other to know how return fluctuation can be predicted with for instance, x%, predictability, one has to look at the normal distribution curve of return (average returns) to standard deviation of those returns. (check the attached file for additional details).

Hence, to be 95% sure that investment losses are less than 8% one needs to look at 95% of all returns which infact Mean return plos or minus 20. If the lower bound of this interval is less than 8% then the investment needs to be selected

check attached file for additional details

8 0
3 years ago
What do you understand by the term trashing? a. Looking through a suspect’s garbage for possible evidence. b. Destroying hard co
iVinArrow [24]

Answer:

Looking through a suspect's garbage for possible evidence.

Explanation:

When an investigation is being carried out, looking through a suspect's trash is a good strategy.

People tend to discard relevant documents in am investigation through their trash, and looking through their garbage can uncover items that will give insights on cases.

For example if an individual commits a fraud in the process of concealment he may have torn up a document, and put it in the trash for disposal. People feel nobody goes through trash and that it is a good way of disposing evidence.

7 0
3 years ago
Read 2 more answers
Today's public relations departments:
devlian [24]

Answer:

a. are more actively listening to customers and helping to solve their problems.

Explanation:

The purpose of public relations is to educate and eventually convince the public, potential clients, investors, etc, to maintain a positive impact or favorable opinion of the company.

Therefore, Public relations is the most effective way to interact with customers, listening to them, and solve their queries so that company can gain their trust by fulfilling their needs within the prescribed time.

7 0
3 years ago
The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and endi
damaskus [11]

Answer:

1) 2.6 times

Explanation:

The Inventory turnover ratio measures the activity of liquidity of a company`s Inventory.

Inventory turnover = Cost of goods sold / Inventory

                               =  $66,000 / $25,000

                               =  2.64 times

3 0
3 years ago
Keswick Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will be given 20
Softa [21]

Answer:

Incremental cash flow= $1,369.863~ $1,370

Explanation:

In accrual accounting, accounts receivable gives a measure of revenue that a business has earned.

Given the annual revenue as $25,000. To get the daily revenue

Daily revenue= Annual revenue/ 365

Daily revenue= 25,000/365

Daily revenue= $68.493

Customers are expected to pay within 20 days, so for every 20 days

Incremental cash flow= 20 days* 68.493

Incremental cash flow= $1,369.863~ $1,370

3 0
3 years ago
Other questions:
  • Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.
    15·1 answer
  • Yachts are produced by a perfectly competitive industry in Dystopia. Industry output​ (Q) is currently​ 30,000 yachts per year.
    8·1 answer
  • The Nixon Corporation’s common stock has a beta of 1.7. If the risk-free rate is 4.8 percent and the expected return on the mark
    11·1 answer
  • Absent government regulations to guard against​ fraud, why might top managers deceive investors about the true financial condi
    12·2 answers
  • On January 1, 2013, Nichols Corporation granted 10,000 options to key executives. Each option allows the executive to purchase o
    7·1 answer
  • "Japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part verti
    10·1 answer
  • If workers are more educated, then short-run aggregate supply ___________.
    11·1 answer
  • You manage an equity fund with an expected risk premium of 10% and an expected standard deviation of 15%. The rate on Treasury b
    15·1 answer
  • There were initially two satellite radio providers in the U.S. market, Sirius and XM Radio. The firms merged to form one firm, a
    5·1 answer
  • When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!