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LUCKY_DIMON [66]
3 years ago
8

Why might the revenue and cost figures shown on a standard income statement not represent the actual cash inflows and outflows t

hat occurred during a period
Business
1 answer:
Daniel [21]3 years ago
3 0

Answer:

Actual figures are only available after the period end using these will delay product costing, price setting and profit determination.

Explanation:

Firms use standard or budgeted revenue and cost figures in the income statement because actual figures are only available after the period end using these will delay product costing, price setting and profit determination.

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2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many
melamori03 [73]
C would be the correct answer. Because you can divide 15 by 5 and then multiply 3 by 3.
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2 years ago
Jane and Brad both produce nuts and coffee. They each prefer to consume a diet that is half nuts and half coffee. Both have acce
vfiekz [6]
D. Bras has an absolute advantage in coffee and jane has an absolute advantage in nuts
4 0
3 years ago
The part of the essay-writing process immediately before outlining is _____.
blsea [12.9K]

Brainstorming.

Brainstorming is the process in which you'll start thinking about what you'll wrte, how, etc.


Hope it helped,


BioTeacher101

8 0
3 years ago
A $100 petty cash fund has cash of $17 and receipts of $86. The journal entry to replenish the account would include a :
Paladinen [302]

Answer:

The correct option is C, credit to cash over and short for $3

Explanation:

The requirement targets the balancing entry in the cash account,with cash of $17 in the petty cash account coupled with receipts of $86, the total amount in the petty cash is $103 ($86+$17) and the established float is just $100, which implies that the petty cash has an excess fund of $3 that must be returned to the main cash account.

The excess is the difference between $103 cash in the petty cash account and the maximum float of $100($103-$100)

4 0
3 years ago
Read 2 more answers
Stimpleton Company engages in the following cash payments: Purchase equipment $ 3,600 Pay rent 600 Repay loan to the bank 5,000
Svetradugi [14.3K]

Answer:

$1,100

Explanation:

The operating activities are the activities that are include day to day transaction which would result in cash receipts and the cash payments

The cash receipts would be in terms of received cash from customers and the cash payments would be salary expenses, utilities expenses, etc that are paid in cash.

So, the total amount of cash paid for operating activities is

= Rent paid + workers salaries paid

= $600 + $00

= $1,100

8 0
3 years ago
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