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polet [3.4K]
3 years ago
5

The cash basis method of accounting requires revenue to be recognized when performance obligations are satisfied. (If false, ide

ntify error and correct.)
A. True
B. False
Business
1 answer:
xxTIMURxx [149]3 years ago
6 0

Answer:

True

Explanation:

Unlike Accrual basis accounting the cash basis method of accounting requires revenue to be recognized when performance obligations are settled rather than when they are incurred.

The major difference between cash and accrual accounting is in the timing of when transactions are taken account of. Whereas Accrual accounting recognizes transactions when they occur (i.e. expenses when they are incurred and revenue when they are earned) Cash accounting recognizes revenue and expenses only when cash is paid.

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which protects tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishi
Ipatiy [6.2K]

The factor that protects Tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishing limits over which payment is not required is known to be called catastrophic cap benefit.

<h3>What is catastrophic cap benefit?</h3>

The catastrophic cap is known to be a word that connote the highest or maximum a person and their family can be able to pay so that they can be able to covered TRICARE health care services in all of the calendar year.

Note that this is known to be a plan that tends to protects a person due to the fact that it lowers the amount in terms  of the out-of-pocket expenses a person need to pay for TRICARE covered medical services.

Therefore, The factor that protects Tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishing limits over which payment is not required is known to be called catastrophic cap benefit.

Learn more about catastrophic  benefit from

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3 0
1 year ago
Key performance indicators are the metrics a company uses to evaluate progress toward critical success factors. Which of the bel
Lemur [1.5K]

Answer:

Answer is C

Explanation:

Key performance indicators are sets of quantifiable measures used to evaluate how effectively an organization is achieving its key organizational objectives.

The keyword here is "quantifiable".

Therefore, recording the percentage of help desk calls answered in the first minute helps to know just how effective the company is probably helping its customers have great experience or easy usage of its products or services by the number of customers calls answered to, or how effective the customer service is.

3 0
3 years ago
Select the items from this list that are examples of misconceptions.
Mamont248 [21]
All of them. Trust me :)) I read that whole chapter in that first section

3 0
3 years ago
Which of the following items could be painted in a dark color to be on trend in 2020?
adell [148]
I think black toilets would be cool and a 2020 trend and if not hopefully in 2021
5 0
3 years ago
Which of the following is not a valid FICO credit score?
Rus_ich [418]

Answer:

A. 900

Explanation:

FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.

Basically, your FICO depends most on the amounts you owe and your payment history.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.

In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.

5 0
3 years ago
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