2 years ago

Accrued Revenues are a/an

Business

1 answer:

mamaluj [8]2 years ago

7 0

Revenues - Asset
Expenses - Liability

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Answer: B. Using spreadsheets to plan budgets

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The capital investment evaluation method that subtracts the initial investment from the discounted future net cash flows from th

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Answer: net present value

Explanation:

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Suppose the government of Spartania increased its spending by $900 million to fight a recession. If the government’s budget was

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b. the government will have a balanced budget

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Sam wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio

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Answer: Unit of account; Store of value; Medium of exchange.

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Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.

Unit of account is measuring of the value of a product against another in terms of a specific currency.

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3 years ago

A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all

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Answer:

Barley $29,000; Carter $23,000 ;Desai $0

Explanation:

Calculation to determine How much of this money should each of the partners receive

PARTNER WITH DEFICIT CAPITAL BALANCE

Barley,Capital(50%) Carter,Capital(30%)

Desai,Capital(20%)

Reported balances $44,000 $32,000 $(24,000)

Potential loss from Desai deficit

(split 5/8:3/8)

($15,000)($9,000) $24,000

Barley (5/8*$24,000=$15,000)

Carter (3/8*$24,000=$9,000)

Desai($15,000)($9,000) =$24,000

Cash distributions $29,000 $23,000 $0

Barley ($44,000-$15,000=$29,000)

Carter, ($32,000-$9,000=$23,000)

Desai($24,000-$24,000=0)

Therefore The amount of the money that each of the partners should receive is :

Barley $29,000; Carter $23,000 ;Desai $0

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2 years ago