Answer:
The answer is B. is designed to match revenues and expenses.
Explanation:
Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.
Answer:
Idol Staff, Rail Haul, Poker-R-Us
Explanation:
The standard deviation of a stock is a measure of the volatility of the stock or simply put, a measure of risk of the stock.
The idea of using standard deviation as a measure of stock risk is in the relation of the stock to its returns.
The farther the standard deviation is from the revenue, the more risky or at risk the stock is.
From the above question, Idol staff has the highest level of risk of 20% (i.e 35-15). Next up is Rail Haul with a risk level of 13% (i.e 25-12). the stock with tthe lowest risk level is Poker-R-Us with 11% (i.e 20-9).
Cheers.
Answer:
C. current period costs less cost of beginning work-in-process inventory
Explanation:
While calculating the current period manufacturing under FIFO method the cost of beginning work in process will be deducted as was incurred in previous period, for the current period only the current period cost will be considered.
Though the FIFO method is based on first in first out principle where opening inventory will be sold first, but the cost incurred earlier in previous period will not be considered.
Correct statement is C
Answer:
INCORRECT.
In income summary account, all revenue accounts are closed by debiting them and crediting the income summary account. expense accounts are closed by crediting them and debiting income summary account. then on closing income summary account it shows debit balance if there is a net loss and it shows credit balance if there is a net income.
In the given case clever auto services has debit balance of $5,300 i,e it implies that clever auto services has loss .
Therefore above statement is wrong. It implies a loss of $5300 not the net income of $5,300.
20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.
