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GuDViN [60]
3 years ago
9

Which of the following is the advantage of cash-based accounting?

Business
2 answers:
Katena32 [7]3 years ago
5 0

Answer:

The correct answer to the following question will be Option A (it is more accurate than accrual accounting).

Explanation:

<u>Cash-based accounting</u>

  • Cash accounting is a form of accounting where expenditure payments are reported during the time they are received, and expenditures are documented in the period they are paid in. In certain words, when cash is obtained and charged, the profits and expenditures are reported, respectively.
  • There are definite advantages for relying on the cash accounting basis for tax purposes. This accounting guarantees that taxes on money not yet collected are not paid; this increases profitability and ensures that funding is available through tax expenditures.

Therefore, Option A defines the Cash-base accounting benefit.

Alexxandr [17]3 years ago
4 0
A) it is more accurate than accrual accounting.
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to make sure business is conducted safely and fairly

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The correct option is D.
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To be effective as a successful general manager of a hotel, the manager should exhibit all of the following traits except: Group
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2. Follow through leadership: this trait is very important in order to maintain cohesion among the team members and subordinates.

3. People skills: this is a very important trait because it is very vital in person-to-person interactions, especially when interacting with hotel guests.

4. Effective delegation: one person cannot perform all the tasks in a hotel, therefore it falls on the general manager to be able to assign roles to individuals that are best suited to perform the tasks. This is a very important trait and will ensure that resources are properly utilized.

Computer programming skills is not a trait requires of a hotel general manager. This is because the role can be assigned to a computer programmer while the general manager faces other tasks that require his/her attention.

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What is the major difference between the unadjusted trial balance and the adjusted trial balance?
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The adjusted trial balance includes things like accrued revenues that weren't yet recorded, depreciation, unearned revenues and more.

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2 years ago
During a pandemic, an economy goes into a recession due to a decrease in aggregate demand. Assume the government creates a progr
den301095 [7]

The spending that would occur during the third round of spending if the marginal propensity to consume (MPC) was 0.6 will be $420 billion.

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The amount of spending based on the information given will be:

= 0.6 × $700 billion

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Therefore, the correct option is $420 billion.

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