Answer: $2.595mil in March and $0 in May.
Explanation:
Digby Corporation uses the Accrual Method of Accounting. This method of Accounting posits that entries should be recorded only in the period that they were incurred regardless of when payment was received or made.
This means that if Revenue is received in a certain month but only paid for in another month,the accounting records will show the entire revenue amount on the original month.
In reference to Digby, they earned a revenue of $2.595 million in March and that is the amount that they will record as Revenue in March using Accrual Accounting.
Answer:
Using the indirect method, an increase in accrued wages is not an adjustment to net income.
Explanation:
An increase in accounts receivable are subtracted from net income.
A decrease in a prepaid expense are added to net income.
A loss on equipment sold are added to net income.
An increase in accrued wages not consider. (Increase in the wages payable balance are added to net income)
An increase in plant, property and equipment.are subtracted from net income.
Answer:
a. As the price of milk decreases, the quantity of milk demanded will increase.
Explanation:
According to the law of demand, if the price of a commodity is increasing than the quantity demanded of a commodity is decreased, and if the price of a commodity is decrease than the quantity demanded of a commodity is increased.
It means that it shows an inverse relationship between the price and the quantity demanded of a commodity.
In this, only two factors are changed, and the other factors are being constant
The answer is B Market Basket.
<span>Compared to attending a technical school, completing a four-year college degree allows you to select from a wide range of careers.
When you get a college degree, you can choose to specialize in any area of study that you want, and thus you have many more options to choose from. However, a college degree is far more expensive than a technical school. You won't necessarily enter the workforce sooner, because you have to have knowledge, and not only a degree. You won't avoid student loans because, as I said, college is expensive.
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