Answer: b. pays cash before the expense has been incurred.checked
d. receives cash before the revenue has been generated
Explanation:
Here is the complete question:
Deferral adjustments are needed when the business:
a. pays cash after the expense has been incurred.unchecked
b. pays cash before the expense has been incurred.checked
c. receives cash after the revenue has been generated.unchecked
d. receives cash before the revenue has been generated.
Adjustments are made during the end of every accounting period in order to report the revenues and the expenses in proper period at which they occur and also in order to report the assets and the liabilities at their appropriate amounts.
Deferral adjustment is when the revenue or the expense has been deferred or postponed and will therefore be reported on the income statement at a later period.
Previously deferred amounts will show on the balance sheet when a company pays cash before having to incur the expense or in a case whereby the company gets and collects cash before earning the revenue.
When revenues are made or when expenses are incurred, the previously deferred amounts will have to be adjusted and then, the amounts will be transferred to income statement through the use of the deferral adjustment.
Answer:
$2400
Explanation:
Average cost is the ratio of total cost of production to the total number of units produced, it is the sum of both the average fixed cost and the average variable cost. The average cost is given by the formula:
Average cost = Total cost / number of units.
Given that:
The total number of units produced = 100 selfie sticks, Average cost = $1 and Price of each selfie stick = $25
From Average cost = Total cost / number of units.
Substituting gibes:
$1 = Total cost / 100 selfie stick
Total cost = $1 × 100 = $100
Total cost = $100
Revenue = Price per item × Number of items
Revenue = $25 × 100 = $2500
Profit = Revenue - Total cost
Profit = $2500 - $100 = $2400
Total cost = $2400
Odometer reading is a vital tool in car assessment, it represents safety, real age of the vehicle, and many other general factors. The act of altering the number constitutes forgery and fraud, due to it's apparent nature. For example, if it would be legal to alter the odometer reading, then many people could buy brand new cars at their local dealerships, with reality being that those are used cars with thousands of miles on them, and used car owners will be more prone to be in car collisions, without having a clue of the real state of their car.
The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.
<h3>What does an increase in labor efficiency mean?</h3>
favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.
<h3>What do the symbols on Continental currency designs represent?</h3>
In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.
Learn more about banknotes:
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Answer: c. Mary will need to send some sort of official documentation regarding the merge or company name change to the DSO, so that her record can be updated.
Explanation:
The options to the question are:
a. This is a new company and new position, Mary will need to compelete a new CPT application.
b. Nothing has changed, Mary does not need to provide any updates.
c. Mary will need to send some sort of official documentation regarding the merge or company name change to the DSO, so that her record can be updated.
d. Mary can call campus and just tell someone.
From the question, we are informed that Mary Ling works for XYZ Corporation, LLC and they have just merged with ABC, Inc. In this case since there is a merger, Mary has to send official documentation to the DAO in order to notify them about the merger and the change of name of the company. When the documents are received by the DSO, it'll be processed and the change will be effected in the student's record.
