The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. This is an example of a deferral adjustment.
It is a deferral adjustment on account that a current asset had been used up, which means its miles deferred like supplies expenses are recorded on the year stop relying upon how much resources had been used in the course of the year.
Deferrals are adjusting entries for items bought earlier and used up in the destiny (deferred fees) or whilst coins are received in advance and earned inside the future (deferred sales).
The primary distinction between accrual and a deferral is that accrual is used to deliver forward an accounting transaction into the current period for recognition, whilst a deferral is used to put off such popularity until a later length.
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Answer:
It will take 1.97 years to payback the machine.
Explanation:
Giving the following information:
It will cost $7,500 to acquire a cotton candy cart. Cart sales are expected to be $3,800 a year for four years.
We need to determine the amount of time required to payback the machine.
Year 1= 3,800 - 7,500= -3,700
Year 2= 3,800 - 3,700= 100
3,700/3,800= 0.97
It will take 1.97 years to payback the machine.
Answer:
fiscal policy
Explanation:
Fiscal policy is the policy which is used by the government the tax rate and government spending economy to analyse the economy of the nation
It is a technique through which a national bank impacts a country's cash supply.
The instances of fiscal policy are tax reductions and expanded government spending. Both of these strategies are proposed to build total interest while adding to shortages or drawing down of spending plan surpluses.
I'm pretty sure it is interest
Answer:
There was no contract since there was no mutual agreement on the shipping company.
Explanation:
For a contract to be enforceable, it is necessary to have proper offer and acceptance by the two parties. In this case, Strike made an offer and Bailey accepted the stated price but added that the shipping has to be done by Yellow Express Truck Line and not Dependable Truck. Since there was no agreement reached on the shipping company by both the parties, the contract isn't enforceable.
