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maria [59]
3 years ago
10

Santiago Incorporated has a constructing company in which he does major constructing jobs and also leases his heavy-duty equipme

nt to help supplement his income. His cash account is very important in the running of both of his businesses as he uses the accrual basis of accounting . What method would you suggest that Jay Santiago use for recording cash flow from operating activities and why?
Business
1 answer:
Dafna11 [192]3 years ago
4 0

Answer:

"Direct Method" is the right answer.

Explanation:

  • The direct approach provides a clearer overview of how a company receives currency. And therefore it is regarded as equivalent to the alternative manner.
  • Compared to the price of something like the money market account throughout the particular circumstance, the above direct method of registering cash balance somewhat from operations would be advised.
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The following data relate to labor cost for production of 3,600 cellular telephones: Actual: 2,430 hrs. at $14.5 Standard: 2,390
Bogdan [553]

Answer and Explanation:

The computation is shown below:

For Direct labor rate variance, it is

= (Actual rate - Standard rate) × Actual hour

= ($14.5 - $14.8) × 2,430 hours

= $729 favorable

For Time variance, it is

= (Actual hours - standard hours) × standard rate

= (2,430 hours - 2,390 hours) × $14.80

= $592 unfavorable

So, the Total labour cost variance is

= $729 favorable + $592 unfavorable

= $137 favorable

8 0
3 years ago
On a linear demand curve, if the price is low and the quantity demanded is high, demand is _____ in that region and a price incr
kirill [66]

On a linear demand curve, if the price is low and the quantity demanded is high, demand is Inelastic in that region and a price increase will cause an increase  in total revenue

Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. [1] The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. [2] The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is a component of the Equity section of the balance sheet in accounting, and revenue raises equity.

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8 0
1 year ago
which of the following is not typically involved in rescheduling activities of a troubled sovereign loan? group of answer choice
Margarita [4]

Shortening the repayment schedule is not typically involved in rescheduling activities of a troubled sovereign loan.

Governments of independent political entities can issue debt, typically in the form of securities, known as sovereign debt.

Unique risks associated with sovereign debt are not present in other forms of lending.

The creditworthiness of sovereign debtors and the securities they issue is frequently rated by a number of private agencies.

Economies and political systems that are stable are often seen as having better credit risks, enabling them to borrow on more favorable terms.

Governments incur sovereign debt through the issuance of bonds, notes, and other debt instruments as well as by the borrowing of funds from other nations and international institutions like the International Monetary Fund.

Foreign currencies as well as domestic ones may be used to pay off sovereign debt, which may be due to outsiders or to the nation's own population.

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8 0
1 year ago
How long will it take an investment of $5,000 to grow to $7,500 if it earns simple interest of 10% per year?
Mariana [72]
5.69
What he said, I have to answer just to ask some, hope he correct
7 0
3 years ago
Of these types of businesses, which one requires the most drive and motivation?
kondaur [170]
B, because it is a new business so it's going to have to work harder then any other business in order to gets it's name out there.
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3 years ago
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