Answer:
a. Cash basis $15,000
b. Accrual basis $2,500
Explanation:
Under the cash basis of accounting, expenses are recorded or recognized in the books not necessarily when incurred but when cash is paid. This is not in line with the matching concept which requires that expenses be recognized the period it is incurred as well as the resulting revenue.
Hence, the $15,000 paid on January 1 would have been recognized as an expense for the two months ending February 28 using the cash basis.
Using the accrual basis, monthly expense
= $15,000/12
= $1,250
Hence advertising expense for 2 months
= 2 * $1,250
= $2,500
The answer is D
because it tells u the percentage rate of how much u would be getting back
Answer: ICS or ICS-like EOC structure aligns with the on-scene incident organization. Many associations, jurisdictions, and organizations configure their EOCs simply by using the general/standard organizational structure of ICS. It is used either as or by modifying it slightly.
Explanation:
Answer:
Open end
Explanation:
Open end otherwise known as mutual fund are those investments offered through fund companies which sells shares directly to investors. In an open end fund investment, there is no limit to the number of shares that can be offered therein. The shares traded are unlimited which means that shares can be issued in as much can be backed up with funds.
The prices for open end funds are fixed once daily which shows the performance of the investment for that day hence the only price at which investment shares can be bought for that day.
