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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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Fried donuts has sales of $764,900, total assets of $687,300, total equity of $401,300, net income of $68,200, and dividends pai

Tomtit [17]

Internal growth rate = Net income / Total Assets
Net income = $68,200
Total assets = $687,300
Internal growth rate
= $68,200 / $687,300
= 0.099228 x 100%
= 9.92 %
Fried Donuts has an internal growth rate of 9.92%.

5 0

3 years ago

Creble Company reported net income for 2016 in the amount of $40,000. The company's financial statements also included the follo

WITCHER [35]

Answer:

$36,000

Explanation:

Net Cash = Net Income for 2016 - Accounts Receivable + Decrease in inventory + Depreciation expense - Gain on sale of equipment

=> Net Cash = $40,000 - $ 4,000 + $2,000 + $3,000 - $5,000

=> Net Cash = $36,000

3 0

3 years ago

The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pound

horsena [70]

Answer:

d. $40 F

Explanation:

Calculation to determine what The variable overhead efficiency variance for June is

First step is to calculate the SH

SH = 2,500 units × 0.4 hour per unit

SH= 1,000 hours

Now let calculate the Variable overhead efficiency variance

Using this formula

Variable overhead efficiency variance = (AH - SH) × SR

Let plug in the formula

Variable overhead efficiency variance= (980 hours - 1,000 hours) × $2 per hour= (-20 hours) × $2 per hour

Variable overhead efficiency variance= $40 F

Therefore Variable overhead efficiency variance is $40 F

8 0

3 years ago

Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are

ludmilkaskok [199]

Answer:

The units started and completed is 59,900 tons

Explanation:

The computation of the number of tons started and completed during October is shown below:

Units Completed = Beginning Work in Process Units Completed + Units started and Completed

74,900 units = 15,000 tons + Units started and Completed

So, the units started and completed is

= 74,900 tons - 15,000 tons

= 59,900 tons

Hence, the units started and completed is 59,900 tons

4 0

3 years ago

The Federal Reserve Act Multiple Choice helped to reduce loans to private banks. was regulated by a board whose members were ele

salantis [7]

The correct answers are A) helped to reduce loans to private banks and C) created a new type of paper currency.

The Federal Reserve Act helped to reduce loans to private banks and created a new type of paper currency.

With the passing of the Federal Reserve Act of December 23, 1919, signed by President Woodrow Wilson, the government initiated with the Federal Reserve system that acted as the Central Bank of the United States. It had twelve regional banks that supplied all the money for the country. Its headquarters are located in Washington D.C., and the commonly known as the Fed supervises the financial and economic situation in the country, the monetary supply, and tries to control inflation.

6 0

3 years ago