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Julli [10]
4 years ago
13

Select the account classification that matches with the description.

Business
1 answer:
Trava [24]4 years ago
5 0

Answer:

E. Revenues

Explanation:

The sale of products or services brings about revenue to the business.

The revenue according to the accrual concept is recognized when an entity has performed its obligation of delivering goods or rendering services to its customers.

Sale revenue has the expenses deducted from it in a bid to ascertain the company's profitability or the bottomline

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Casey is opening up his own personal training facility. what is one of the advantages he has?
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<span>The advantage Casey has that these facilities are highly appealing to personalized clientele.

A personal trainer or fitness coach is an individual affirmed to have a fluctuating level of learning of general wellness engaged with exercise, solution and direction. They inspire customers by defining objectives and giving criticism and responsibility to customers.
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8 0
3 years ago
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During regular economic times in Canada, the maximum length of time a worker can collect employment insurance is 26 weeks. Durin
DochEvi [55]

Answer:

a) encourage people to search longer for a job.

c) prolong the amount of time a person stays out of work.

d) increase the number of workers looking for work.

Explanation:

7 0
3 years ago
Mr. Smith, your client, has maintained about 80% of his portfolio in fixed income securities. Interest rates are expected to dec
alukav5142 [94]

Answer:

(B) Leave his portfolio the way it is now

Explanation:

Bond value and market interest rates are inversely related. When the market interest rates are expected to decline and an investor already holds a bond with fixed rate of interest, the value of such bonds shall rise.

Market interest rates refer to the rate of interest other firms are offering on similarly priced bonds. Thus market interest rate also implies investor expectations i.e YTM (yield to maturity) which is used as a discounting factor to ascertain the price of a bond.

Lesser the discounting rate (yield to maturity), higher shall be the value of a bond.

Thus, it is recommended for Mr Smith to (B) leave his portfolio the way it is now.

6 0
3 years ago
In one of the case studies in the textbook, Marcus Lane, a geologist for an environmental management and engineering services fi
aalyn [17]

Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements

Explanation:

Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.

He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.

The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.

5 0
4 years ago
​Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000​, based on 180 comma 000 estimated direct
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The Manufacturing Overhead for the year was​   $18,000 overallocated.

Explanation:

  • Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000​, based on 180 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000.
  • The Manufacturing Overhead for the year was​ $18,000
  • there are basically two types of business overhead which are  administrative overheads and the manufacturing overheads.
  • Overhead expenses includes the following examples,
  • the  accounting fees,
  • advertising, insurance,
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  • labor work,
  • rent, repairing,
  • supplies, taxes,
  • telephone bills,
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7 0
3 years ago
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