Answer:
The correct answer here is Cash basis.
Explanation:
One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.
Answer:
All of the above are included
Explanation:
Cash and cash equivalents are the current assets that are regarded as the most 'liquid' compared to any other assets. Cash equivalents can easily be converted into cash and used to make quick payments.
In general , Any type of securities that can be converted into cash within 90 days or less usually can be considered as cash-equivalents.
- Ceritifcate of Deposit can be converted into cash at any time you want. But you will have to pay for fine if you do it before maturity.
- Most Time Deposits can be converted into cash within 30 days
- 4-week US treasury bills can be converted into cash within 4-weeks.
Answer:
fol??? I don't understand the question. Probably you had a typo?????
Explanation:
sorry
Answer:
a. $29,496
b. $21,996
Explanation:
a. The Computation of budgeted marketing expense for the fourth quarter is shown below:-
Sales units 2,640
(2400 × 110%)
Variable marketing expenses per unit sold $0.15
Total Variable marketing expenses $396
Fixed Marketing expenses $18,000
Salaries ($6,000 × 3)
Depreciation ($2,500 × 3) $7,500
Insurance ($1,200 × 3) $3,600
Total Fixed marketing expenses $29,100
Budgeted marketing expense
for the fourth quarter $29,496
b. Estimated cash payment for marketing expenses for the fourth quarter = Budgeted marketing expense for the fourth quarter - Depreciation
= $29,496 - $$7500
= $21,996
Answer:
b. did not know of the reward when he returned the dog.
Explanation:
Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.
Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.
This is a clear demonstration of being kind and get what you know.
So if you do not know the facts, you are on fault.