Answer:
$12,000
Explanation:
The main difference between cash basis accounting and accrual accounting is that accrual accounting recognizes revenue only after the earning process is completed. On the other hand, cash basis accounting recognizes revenue and expenses when the money is received or paid, regardless of when the service is provided. This is why the US GAAP doesn't allow cash basis accounting.
The IRS allows cash basis accounting for individuals and small businesses that only deal with cash payments, but they must meet certain criteria:
- partnerships or C corporations with less than $5 million in yearly revenue
- sole proprietorships and S corporations with less than $1 million in yearly revenues
- family owned farms
- you provide personal services and 95% of your revenue comes from it
- no publicly traded corporation is allowed
The best answer is B)court clerk.
The court clerk is responsible for several administrative duties, such as those described above, and also taking oaths of all relevant parties in a court case.
Answer:
YTM = 6.818%
Explanation:
C= cash payment of the bond: 50,000 x 19%/2 = 4,750
F= Face Value= 50000
P= purchase value=60000
n= number of payment= 5 years at 2 payment a year = 10
Important: it is better to calculate the YTM using a financial calculator, this is an approximation
<span>william's company was using the principles of </span><span>scientific management
</span><span>scientific management is a management practice which rely on scientific finding in order to improve the productivity in the company.
</span>In scientific management mindset, each company need to implement a specific method completely to the letter without any form of flexibility.
This form of management started to fade away by the end of 20th century.
B - If Mike needs the quickest and simplest route, the free tutorial on the company website would be the way to go because they are the ones who created that specific software.
