3 years ago

If a company is using the accrual basis accounting method, when should it record its earned revenue?

1 answer:

4 0

Answer: b

Under the accrual basis of accounting, expenses are matched with the revenues related to it and/or are reported when the expense occurs, and not just when the cash is paid. The company should record its earned revenue when services are rendered. Payment may come at a later date.

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In order to create a budget, you should _____.

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List your income and your assets and find the total. Iam not really sure that's the answer, but it sounds right.

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3 years ago

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Miramar Industries manufactures two products, A and B. The manufacturing operation involves three overhead activities - producti

PolarNik [594]

Answer:

General overhead= $3.81 per direct labor hour

Explanation:

Given the following information:

General Overhead $80,000 Number of direct labor hours

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Activity rate= estimated costs / total amount of allocation rate

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2 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $154,000. By the end of 2018, cash

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Answer:

Bad debts expenses Debit $ 11,750

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Explanation:

The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.

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3 years ago

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Answer:

having lower overhead costs.

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Therefore he had an opportunity to reduce his overhead cost.

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3 years ago