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Travka [436]
2 years ago
5

Accrued Revenues are a/an

Business
1 answer:
mamaluj [8]2 years ago
7 0
Revenues - Asset
Expenses - Liability
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Leisure is Select one: a. a good that is not counted in GDP. b. a good that is counted in GDP. c. neither a good nor a bad, and
Greeley [361]

Answer:

a. a good that is not counted in GDP.

Explanation:

Leisure is not counted in GDP if the leisure activity does not have a market value, and is not exchanged in the markeplace.

For example, going for a walk, or sitting at a park to read are leisure activities that are not considered economically productive, and therefore, are not counted in GDP.

8 0
3 years ago
Due to the presence of diminishing returns to capital, doubling the amount of physical capital available for one worker to use w
Ainat [17]
Had to look for the options and here is my answer:

Because of the existence of diminishing returns to capital, increasing the physical capital amount by two that is available for one worker to utilize will enlarge the outcome by less than a factor of two. 
4 0
3 years ago
A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned
NikAS [45]

A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to : Purchase

<h3>What is Purchase Discount?</h3>

Purchase discount is deducted to the total purchases when computing for the net purchases. This account has a normal balance of credit and decreases the total amount of cost of goods sold.

<h3>What is Analytical procedures ?</h3>

Analytical procedures refer to study of significant ratios and past trends and investigating unusual fluctuations.

Under analytical review procedures, an auditor compares financial information of the current period with those of the previous periods, applying techniques of ratio analysis and investigating the causes of unusual fluctuations and deviations.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to:

a. accounts payable

b. notes payable

c. purchases

d. sales discounts

Learn more about Analytical procedures on:

brainly.com/question/16370850

#SPJ4

8 0
1 year ago
Fixed costsa.are equal to explicit costs plus implicit costs. b. do not vary as output varies. c. are the same as total costs fo
Fantom [35]

Answer:

b. do not vary as output varies.

Explanation:

Fixed cost are defined as those cost that is incurred by a business that do not vary with level of production. For example if a company pays rent wether it produces goods or not it will incur the same rent expense. So this cost does not vary with output.

Variable cost on the other hand varies with production. The higher the level of production the higher the variable cost. For example the more the output required the more the labour employed to achieve higher output.

7 0
3 years ago
The Rock Company produces basketballs. It incurred the following costs during the year.
AVprozaik [17]

Answer:

Total cost under absorption costing= $81,400

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable. </u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Direct materials $14,400

Direct labor $25,600

Fixed manufacturing overhead $12,000

Variable manufacturing overhead $29,400

Total cost under absorption costing= $81,400

6 0
2 years ago
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