All categories

2 years ago

Cost outlays are recorded as an expense when they are incurred to earn revenue in the _______________ accounting period

Business

1 answer:

Deffense [45]2 years ago

8 0

Answer:

Present

Explanation:

An outlay cost is a cost incurred at the time when we have to execute the strategy or purchasing an asset. It can be paid to the vendors for purchasing the goods like for inventory. So this cost should be recognized as an expense when they are incurred in order to earn the revenue in the current or present accounting period

You might be interested in

Select the correct answer from each drop-down menu. which sector dominates developed economies such as the united states? in dev

professor190 [17]

Legal firms and hospitals are the that dominates the economy is the consumer service sector.

<h3>Which sector dominates developed economies such as the United States?</h3>

In the Unites State which is a developed country is highly dominated by the service sector, in US about 80% of the country's output. The US service sectors companies are technology, financial services, healthcare and retail, that dominated maximum economy.

Thus, Legal firms and hospitals

For more details about sector dominates developed economies, click here:

brainly.com/question/26634414

#SPJ1

4 0

1 year ago

Tactical managers are often referred to as _____ managers

Liula [17]

Tactical managers are often known as the middle manager.

Manager in the middle. Middle-level managers are superior to front-line managers and team leaders. They are responsible for transforming the basic goals and plans set by strategic managers into more particular objectives and activities. They are also known as tactical managers.

Furthermore, the middle manager serves as a communication conduit inside the business, relaying significant leadership decisions and the organization's principal goals to lower-level personnel. This adds to greater worker collaboration and makes a firm more cohesive.

Therefore, the answer is middle manager.

To know more about middle manager click here:

brainly.com/question/20597839

#SPJ4

7 0

1 year ago

2. Working with Numbers and Graphs Q2 Kevin is a baseball player who earns $800,000 per year playing for team X. If he weren't p

ddd [48]

Answer:

The economic profit will be of 80,000 as We have to discount the opportunity cost, which is the best alternative to each factor. In this case Kevins potential wages if not playing for team X would be team Y which is 720,000 therefore the economic gain for playing in team X is 80,000

Explanation:

4 0

3 years ago

Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t

Effectus [21]

Answer:

Explanation:

Coca-Cola was trying to build new core competencies to protect and extend their current marketing position.

8 0

2 years ago

McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t

miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of $2,499,000.

therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is thus = $257,000 since no dividends were paid.

6 0

3 years ago