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blondinia [14]
3 years ago
9

During the week, we will explore the differences between cash-basis and accrual-basis accounting, and learn the steps required t

o complete the accounting cycle. With that in mind, let's begin by discussing the following question:
Why do companies make adjusting entries?
Business
1 answer:
Alex Ar [27]3 years ago
7 0

Answer and Explanation:

Adjusting entries is to made for recording all types of expenses and revenues in a correct manner. There are some transactions such as accrued interest or revenue that could be realize at the time when the entries are depend upon the documents and transactions should be recorded. It is to be made in order to prepared the correct financial statements by considering the prepaid expenses that are adjusted, depreciation expense, unearned revenue etc

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Safe-deposit boxes are:
ruslelena [56]

Answer:A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions. ... In the United States, neither banks nor the FDIC insure the contents.

Explanation:

3 0
4 years ago
Kitchen Convenience Company manufactures two productslong dashtoaster ovens and bread machines. The following data are​ availabl
Triss [41]

Answer:

Contribution margin per hour= $360

Explanation:

Giving the following information:

Bread Machines:

Sales price= $140

Variable costs= $50

Contribution margin per unit= $90

Kitchen Convenience can manufacture four bread machines per machine hour.

<u>To calculate the total contribution margin per hour, we need to multiply the number of bread machines produced in an hour for the unitary contribution margin.</u>

Contribution margin per hour= $90*4 units= $360

3 0
3 years ago
Gregory Trout has just received a memo explaining that because of his department's success with the newly developed Trout, Inc.,
disa [49]

Answer:

d. finding the right people

Explanation:

As the George's department had successfully satisfied the needs of the new developed Trout , Inc. IT might happen that work will be extended. This will require Goerge to increase the workforce those are having skill sets that matches the Trout, Inc. needs.

Thus, while recruiting and seelcting for the new positon Georgy will apply HRM goal of finding the right set of people for the required project.

3 0
4 years ago
Which of the following refers to business activities that change the accounting equation?
lys-0071 [83]

Answer:

A

Explanation:

6 0
4 years ago
Cassiopeia is a country facing an acute financial crisis. Coupled with a negative growth? rate, the rate of inflation in the eco
Sveta_85 [38]

Answer:

These two statements are correct:

A. The level of private sector spending on real assets in Cassiopeia has traditionally been low.

If the economist Danny Cox is recommending increases in government investment in real assets, it must be because the private sector is not investing enough.

An economy with low levels of private investment is an economy that in the long-run will not grow because investing is what produces capital accumulation, and what faciliates technological change, and those two factors are the most important variables for economic growth.

E. Irrespective of what policy measure the government implements to combat the crisis, inflation in Cassiopeia is likely to increase further.

This statement is correct if it is referring to the two policies recommended by economist Cox and unionist Boyle. Niether an income tax refund, or an increase in government spending are measures that tackle inflation, and in fact, both could increase inflation.

A income tax refund would put more cash in the hands of the public, and if demand for money is low, this would increase the velocity of circulation, and the more rapidly money circulates, the higher the inflation rate according to the quantity theory of money.

And more government spending is a form of expansionary fiscal policy that could increase inflation if the government finances the expenses by printing money.

5 0
3 years ago
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