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shtirl [24]
3 years ago
15

On Time Computer Repair uses accrual basis accounting. A computer was repaired on July 15. The customer picked up the computer A

ugust 1 and mailed the payment on August 5. On Time Computer Repair receved the check in the mail on August 10. The revenue should be recognized on which date? Multiple Choice (0) July 15 (0) August 1​
Business
1 answer:
Morgarella [4.7K]3 years ago
3 0

Answer:

July 15

Explanation:

Accrual accounting recognizes income on the date an invoice is created not when it is paid.

Cash accounting recognizes income on the date when the payment is received.

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What is a publicly traded company? a company that is subsidized with public funds a company that makes trading cards a private c
ehidna [41]

Answer:

The correct answer is the last option: Any company that has stock that outside vendors can buy or sell.

Explanation:

To begin with, a <em>''publicly traded company''</em> is a company whose ownership is organized via shares of stock of the organization which are understand to be freely traded in any stock exchange or in over-the-counter market. Moreover, this type of association is formed within the legal systems of particular states and therefore that they legal limitations resides over the law of the country that they have been created in. To sum up, a public company is a type of organization that can be choose to use depending the legal systems of the country in order to acquire certain advantages when it comes to manage the company.

4 0
4 years ago
Read 2 more answers
Which of the following is an inconsistency of using market multiples to determine value? A) Using a market multiple assumes that
VikaD [51]

Answer:

B) Using a market multiple assumes that the target company is mispriced, while comparable companies are correctly priced.

Explanation:

Market Multiple, also known as trading multiples, is used to compare two financial measures, to determine the value of a company. It is another name for Price to Earnings Ratio (also called P/E Ratio).

Using the market multiple approach, investors can determine whether stocks in their portfolios will increase or decrease in price through the next term. Investors may then buy or sell stocks in order to maximize their expected gains calculated.

6 0
3 years ago
Leasing companies purchase capital equipment, like airplanes or trucks, and then lease the equipment to the firms that actually
trasher [3.6K]

Explanation:

the reason the leasing company is losing money is because the people in sales are paid their commission for every equipment not regarding the amount of profit that was made. This brought about leasing of so many equipments as they could without thinking if it would have a positive or negative impact on the company. they could lease as many equipments as they could because they were charging low rates to leasing companies.

2. How do we fix this situation and turn the company to a profitable one

The company can fix this by figuring out a much better way to pay incentives to the people in sales. Incentives should be paid out of the profits of the business in such a way that if the lease rate is reduced the performance of those in sales is reduced also.

3 0
3 years ago
Jules &amp; Associates had the following information available related to revenues and expenses for the current period: Services
LiRa [457]

Answer:

Net income in cash = -$17,000

Net income of accounting= $ 198,000

Explanation:

 $123,000 service provided for cash

-$140,000 Expenses paid in Cash

= -$17,000 Net income in cash

$240,000  Services provided on account

-$42,000  Expenses on account

=$198.000 Net Income of accounting

5 0
3 years ago
The phone rings in the next room and the assistant answers it. She tells the caller, "Yes, sir, he is here." After a moment she
In-s [12.5K]

Answer:

The best question to ask the CEO's personal assistant while you are waiting for the CEO is:

Could you tell me about your work environment?

Explanation:

This question will enable you to build rapport with the personal assistant and to learn more about the organization.  It will expose the personal assistant's job satisfaction level, the job setting, and social features, including physical conditions for a worker at the organization to fulfill her responsibilities.  The question will also expose the general employee feelings of wellbeing, workplace relationships, productivity efficiency, and employee health.  It will expose the organization culture, which is an important determinant of organizational success.

3 0
3 years ago
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