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soldier1979 [14.2K]
2 years ago
9

When you are in a conflict that you are not passionate about it is seen as gracious to sometimes

Business
1 answer:
Pie2 years ago
3 0

Answer:

That's how it works

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Splendid Occasions received $2,970 for services to be performed for the next 8 months on March 31 and recorded this transaction
Kay [80]

Answer:

If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?

Ans: $2,970

The ''other method'' in question is the Cash method which recognizes revenue when cash is paid unlike the Accrual method that recognizes it when earned.

Using the Cash method the Service Revenue would be $2,970 because the cash has been received for it.

If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?

= Cash revenues - Cash expense

=  Received cash for meals served to customers - Prepaid rent for three months - Received and paid electricity bill

= 2,530 - 2400 - 60

= $70

If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?

= Revenue - Expense

= Served a banquet on account + Received cash for meals served to customers - Rent - Electricity - Accrued salary expense - depreciation

= 2,810 + 2,530 - (2,400/3) - 60 - 2,670 - 380

= $1,430

<em>Cash spent on Equipment is not expense but capital expenditure. </em>

4 0
2 years ago
You are the CFO of a US firm whose wholly owned subsidiary in Mexico manufactures component parts for your U.S. assembly operati
PSYCHO15rus [73]

Answer:

Explanation:

When the Peso depreciates by 30%, the firm can save money on the costs of production as the inputs would be less costly but the market for the firm in Mexico would be affected negatively as the depreciation of the peso would mean that now, the consumer can buy more goods with the same amount of money which will increase the demand. The loans that the subsidiary has taken would also be affected as it has to pay more for the collateral.

If the company reduces the inventory and stock the foreign receivables before the depreciation occurs to minimize the loss. Before the depreciation happens, the firm can convert the pesos denomination to the dollar so that its value doesn't fall.

8 0
2 years ago
A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of th
Amanda [17]

Answer:

The answer is Deliveries for which no purchase order was issued.

Explanation:

A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of the vendor and do not list the quantities of the material ordered. Using the purchase orders, the receiving department is most likely to detect____Deliveries for which no purchase order was issued._____

5 0
3 years ago
EFT Inc. wants to empower and engage its employees. It has several teams consisting of highly skilled employees, and no one pers
Ivan

Answer:

EFT, Inc. uses <u>shared</u> leadership in its organization.

(B). employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.

Explanation:

Shared leadership style in an organization is one where leadership is not the responsibility of just one person, but rather, is distributed among employees in the organization.

It is <u>best used in situations where the employees are highly skilled, technical, influential, enthusiastic about their work and also open to learning from others.</u>

5 0
3 years ago
If the quantity supplied is the same regardless of price then the supply curve would be:___________
Eva8 [605]

Answer:

perfectly inelastic

Explanation:

A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.

Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC

7 0
3 years ago
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