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3 years ago

An accrual system of accounting prescribes;

2 answers:

7 0

B -Accrual accounting measures a company's performance and position by recognizing economic events regardless of when cash transactions occur, whereas cash accounting only records transactions when payment occurs.

julia-pushkina [17]3 years ago

6 0

The answer to this is B

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A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

BaLLatris [955]

You should tell them as nicely as possible that if it is not in stock, we cannot get it until our next shipment comes in, and it is not in our hands (if you are not the person who buys and gets it delivered) to get it quicker. You should come in the day we get our next shipment, because that's the best time to get your specific item. But other than that, that's how I would handle it.

8 0

3 years ago

Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers

Slav-nsk [51]

Sales Returned and Allowances $50

Allowance for Sales Return and Allowances $50

Lavender expects 5 jars at $10 each ($50 total) to be returned.

Explanation:

Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers a right to return the product for any reason. Based on past sales, Lavender expects Bed, Bath, and Relax to return 5 jars

Using the above stated information we get the given data :-

Sales Returned and Allowances $50

Allowance for Sales Return and Allowances $50

Lavender expects 5 jars at $10 each ($50 total) to be returned.

The adjusting journal entry on December 31 reflects

The right of return by debiting Sales Returns and Allowances (a contra-revenue account) and
Crediting Allowance for Sales Returns and Allowances (a contra-asset account to Accounts Receivable).

5 0

3 years ago

The previous graph you constructed should show that net exports from Japan would be negative if the price of yen increased to a

lubasha [3.4K]

Answer:

0.1 yen per dollar? if i got it wrong sorry

Explanation:

Since 10 divided by 1000 would be 0.1 yen wait is it the other way around?

4 0

2 years ago

Tile & Grout (T&G) contracts to resurface the insides of the pools at WaterWorld Park. T&G knows that without the re

Pavel [41]

Answer:

The answer is Letter C

Explanation:

Water World can recover the loss of profit from the delayed opening.

4 0

3 years ago

The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves

sp2606 [1]

Answer:

The correct option is C. which is assess how long a company with positive cash flows from financing activities can continue to operate

Explanation:

The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.

The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

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3 years ago