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
Akimi4 [234]
3 years ago
10

Which of the following statements about cash basis accounting and accrual basis accounting is correct? Multiple Choice

Business
1 answer:
Fynjy0 [20]3 years ago
6 0

Answer:

d. Accrual basis accounting provides a better measure of operating performance than cash basis accounting.

Explanation:

Accrual basis accounts for the transactions related to the transactions of the company during the period and related to the period, whereas anything which only involves cash inflow or outflow is only reported under cash system.

Therefore, accrual basis is more transparent and logical in realizing and computing the net income, and analyzing the performance of the company.

Therefore, correct answer is statement d.

You might be interested in
Rachel is saving her entertainment money for a summer trip to Europe, but she wants to spend time with her friends this Saturday
Vanyuwa [196]

Answer:

I'd say B,

Explanation:

becuase you dont need any money to hike and she wants to save it.

3 0
3 years ago
What is a major disadvantige of a centrally planned economy
cupoosta [38]

Answer:

Lack of competition

Explanation:

A centrally planned economy lack competitiveness. The government decides what to produce, the price, and the distribution channel. Because of these restrictions, there is no motivation for profits. Without competition, a centrally planned economy will have the following features.

  1. There be a lot of inefficiency and wastefulness.
  2. Consumers will not have a variety of goods and services to choose from in the markets.
  3. Businesses will make low profits.
6 0
3 years ago
The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhe
Ludmilka [50]

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

3 0
3 years ago
After the elimination period, a totally disabled insured qualified and started receiving benefits from his disability income pol
Andrej [43]
A premium will be waived
7 0
3 years ago
Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of
Rufina [12.5K]

Answer:

b. a radio broadcast

Explanation:

The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all

Therefore as per the given options, the option b is correct

hence, the other options are incorrect

7 0
3 years ago
Other questions:
  • A company's Cash account shows an ending balance of $4,200. Reconciling items included a bookkeeper error of $50 (a $550 check r
    14·1 answer
  • "if the dollar appreciates because of speculation or government policy, the u.s. aggregate demand shifts _________ . u.s. aggreg
    5·1 answer
  • Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
    7·1 answer
  • What type of policy is President Obama referring to when he says, “More people spending more money means more businesses will be
    8·2 answers
  • Explain The Goal For Finance
    13·1 answer
  • When there is no beginning Finished Goods Inventory and all the goods that are produced are sold, the operating income ________.
    6·1 answer
  • The purchase of inventory for cash will cause the current ratio to decrease. true false
    15·1 answer
  • A couple is interested in purchasing residential investment property, and they have informed their sales associate that they wan
    15·2 answers
  • December 31 2017 2016 Accounts receivable $43,060 $34,630 Inventory 30,370 39,870 Prepaid rent 16,820 15,120 Totals $90,250 $89,
    15·1 answer
  • _________ is/are known as the strategic coordination of the supply chain for the purpose of integrating supply and demand manage
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!