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slava [35]
3 years ago
7

Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i

t happens under accrual-basis and cash-basis accounting methods.
Event Accrual-Basis Cash-Basis
September: Receive cash in advance from customers for services to be performed in November.
selectRecord revenueDo not record revenue
selectRecord revenueDo not record revenue
October: Purchase supplies totaling $10,000 on account.
selectRecord expenseDo not record expense
selectRecord expenseDo not record expense
November: Receive cash for services performed in November.
selectRecord revenueDo not record revenue
selectDo not record revenueRecord revenue
November: Perform services for customers who paid in advance during October.
selectRecord revenueDo not record revenue
selectRecord revenueDo not record revenue
December: Pay cash for the supplies that were purchased in October.
selectRecord expenseDo not record expense
selectRecord expenseDo not record expense
Business
1 answer:
nikitadnepr [17]3 years ago
4 0

Answer and Explanation:

The classification is as followS:

<u>Transactions                                 Accrual basis        Cash basis </u>

1. Cash received in advance      Not record              record the revenue

2. Purchase supplies                  Not record              Not record the expense

3. Received cash for services     record  revenue       record revenue

4. Perform services                     Record revenue       Not record the revenue

5. Pay cash for the supplies         Not record          record the expense

In this way it should be classified

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The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for
Vedmedyk [2.9K]

The commission for purchasing five round lots of a stock selling for $130 is $65.

<h3>What is round lots of a stock?</h3>

A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.

1 round lots = 100 shares

5 round lots = 500 shares

The commission structure on a stock purchase is $45 plus $0.04 per share.

For 500 shares, the commission is

= 45 + 0.04×500

= 65

Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.

To know more about commission, here

brainly.com/question/957886

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7 0
1 year ago
Concord Corporation has several outdated computers that cost a total of $18000 and could be sold as scrap for $6000. They could
DanielleElmas [232]

Answer:

$18,000

Explanation:

Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.

With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.

8 0
2 years ago
Sanjay, the new HR Manager at Charlemagne Tools Inc., examines the application form that the company has been using for the last
Norma-Jean [14]
B, that’s what u got
5 0
2 years ago
Mr. Smith put his laptop up for sale. He is aware of the fact that the laptop malfunctions frequently. However, none of the pote
zaharov [31]

Answer: The presence of asymmetric information

                                               

Explanation:  In simple words, asymmetric information refers to the situation when one party to a contract have extra information regarding a subject than the other party of the contract.

Asymmetric information creates the potential of misconduct from the leading party as they can easily cheat the other party by concealing that important information.

In the given case, Mr. Smith was aware that his laptop is not working properly but still he sold its to a customer who was not aware of it. Thus, we can conclude that the correct option is C.

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Ludmilka [50]

Answer:

The correct answer is the option B: Activity B.

Explanation:

First of all, the term <em>''bottleneck''</em> in the management area refers to the activity or process in a chain of processes that its limited capacity reduces the capacity of the chain in its whole.

Once said that, in the case presented, where there are four workers and two of them have to do two differents tasks then the activity consider the bottleneck of the process will be the one in where one person does an activity after another and that reason makes that person delates more in working. That is the case of the activity B, where Aaron has to work again after the first activity and that takes him and Betty five minutes full, while in the other case where Betty works with David they only take four minutes, so therefore that the activity B is the bottleneck of the process.

6 0
3 years ago
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