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Stella [2.4K]
3 years ago
15

You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After how many years will your acc

ount total pass $2000
Business
1 answer:
nekit [7.7K]3 years ago
8 0
Sick my ppgghf was fever gmyhrr the centnulPimi I’m
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Mahogany inc. is a consulting firm. it reports its results on a cash-basis with a fiscal year ending june 30th. mahogany perform
Dimas [21]
<span>If these are the missing choices:
</span>A  :  the Securities and Exchange Commission, income principle  
<span>B  : GAAP, revenue recognition principle 
C  : GAAP, expense recognition principle 
D  : the IRS, tax principle </span><span>

My answer is: </span><span>B  : GAAP, revenue recognition principle  
</span><span>
The cash-basis is not in accordance with GAAP, and mahogany is in violation of the REVENUE RECOGNITION PRINCIPLE.

GAAP refers to Generally Accepted Accounting Principle. 

It is stated that income must be recognized when it is earned not when cash is received. Because the company is using cash-basis, they will only report income earned on July 12 when they received the money not when they earned it which is before their fiscal year ending June 30. 
They should recognized receivables from customers before closing the books for the fiscal year. </span>
6 0
3 years ago
In companies using a fixed-order quantity model, a consistent inventory level is used as a trigger to order more product. This i
Zielflug [23.3K]

Answer:

Reorder point

Explanation:

A company or organization making use of fixed-order quantity model which is a model where the REORDER POINT has been fixed and has already been set automatic in which once it reach the minimum inventory level it will remind the company that inventory level has reach the limit for the company to restore the stock inventory or order more product, which is why this inventory level is called the REORDER POINT.

Therefore REORDER POINT can be defined as the point which serve as a reminder that the stock inventory level has dropped to the minimum reorder level and need to be replaced or reorder.

5 0
3 years ago
A politician is interested in the proportion of voters in his district who think he is doing a good job.
MaRussiya [10]

A politician should be interested in the proportion of voters in his district.

The answer is true.

Explanation:

This is not only true for politician but also for any job which involves voting.

A person / leader will be recognized, if he

  • look into the welfare of the society
  • takes measure when problem occurs
  • is easily accessible to the public
  • lend his ears to the problems
  • provides an unbiased approach
  • he is interested in doing service
  • obeys laws

But it does not mean that, the person who got victory in the election has done good job in the previous service period. There are many factors that decide the polling of vote.

3 0
4 years ago
If you are falling behind on your student loan payments, which of the following steps should you take to avoid default?
larisa86 [58]
The correct answer among all the other choices is "Contact your lender." If you are falling behind on your student loan payments, this is the step you should take to avoid default. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
7 0
4 years ago
Read 2 more answers
You have taken over as the new manager of a department. The employees are interested in doing their work well and have potential
vazorg [7]

Based on the scenario, the group is definitely still in the Oriented stage of team development.

Orientation stage of team development is also called the Forming Stage because idea or policy are just getting introduced to the new or current employees.

The Orientation stage also entails the introduction of the current employees to new technologies, procedures and policies.

Therefore, the group described in the question is still in the orientation stage of team development.

Read more about orientation stage:

<em>brainly.com/question/14831726</em>

8 0
2 years ago
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