Accrual accounting ______.
a. recognizes revenue only when cash is collected
b. records expenses only when paid
c. records expenses when incurred
d. recognizes revenue only when earned
Answers
The correct answer is option (c). Accrual accounting records expenses when incurred.
A corporation can use accrual accounting, a financial cash accounting technique, to record cash revenue before getting payment for goods or services sold, or expenses can be recorded as incurred before being reimbursed by the company. In accrual accounting, regardless of when monetary transactions have taken place, the company's cash accounting records the revenue earned. One of two accounting techniques is accrual accounting; the other is cash accounting. Cash accounting only captures revenue once a cash transaction for the products or services has taken place. According to the matching principle, which is the basis of accrual accounting, economic events are recorded when a transaction takes place rather than when a payment is sent or received.
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Related Questions
Two goods are complements when a decrease in the price of one good.
Answers
When two goods are complementary in nature, the fall in the price of one will lead to an increase in the demand of the other.
What are Complementary Goods?Two goods are complimentary if a consumer is most likely to purchase and use both items at the same time.
Some examples would are:
Pencils and NotebooksCars and PetrolMobile Phones and Call Service Subscriptions etc.Recall the law of demand. All things being equal, a decrease in price will lead to an increase in demand. So if the price of one has decreased, the demand for both will increase.
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please help in business with this work management tool
Answers
The above tool could be best used as a spreadsheet to manage workload by prioritizing tasks based on their importance and setting specific scheduling details for each task.
What is the explanation for the above response?The tool can be used to track progress and identify any barriers to performance that may arise during the completion of the task.
Also, a contingency plan can be developed to ensure that the task is completed even if unforeseen issues arise. By using this tool, one can manage their workload more effectively and efficiently by breaking down complex tasks into smaller, more manageable steps.
This tool can also help to ensure that deadlines are met and that goals are achieved in a timely manner.
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a central business district is a central nucleus within a city, with mostly this kind of land use.
Answers
A central business district (CBD) is a central nucleus within a city, characterized predominantly by commercial land use.
The CBD serves as the heart of the city, where key economic activities and business transactions take place. It typically houses a high concentration of offices, retail stores, financial institutions, and service providers. This area often experiences high pedestrian traffic and is well-connected to various modes of public transportation.
Due to its central location and importance, real estate values in the CBD are usually higher than those in other parts of the city. Overall, the central business district plays a crucial role in driving the city's economy and functioning as a hub for commerce and urban development.
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John F. Kennedy belleved that a leader should be
A. in the military
B. elected
C.a lifelong student
Answers
Answer:
c
Explanation:
Give all start up costs for opening a salon that has 8 workers with 8 stations and that does everything hair and wax related. Include the quantities for each item and the pricing
Answers
Rent/Lease for the salon space: $2,000 - $10,000
Build-out costs: $5,000 - $15,000
Equipment and supplies:
8 stations, chairs, and mirrors: $5,000 - $10,000
8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000
8 hair dryers: $4,000 - $6,000
8 hair washing stations: $8,000 - $12,000
8 hair cutting stations: $8,000 - $12,000
8 waxing stations: $8,000 - $12,000
Hair color, waxing, and other supplies: $5,000 - $10,000
Marketing and advertising costs: $2,000 - $5,000
Legal and accounting fees: $1,500 - $3,000
Insurance (liability, property, and worker's compensation) $2,000 - $5,000
Employee salaries: $8,000 - $12,000
Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000
Note that these numbers are rough estimations, and the cost can vary depending on location and other factors.
Emily has not paid her credit card in several months. The creditor is most
likely to respond by:
OA. reducing Emily's interest rate.
B. suspending Emily's credit card.
C. garnishing Emily's wages.
D. repossessing Emily's car.
Answers
Answer:B
Explanation: Im jus cool
What number is 0.1 more than 30.7?
Answers
Answer:
30.8
Explanation:
In what career cluster would you find all levels of business jobs, such as an Administrative Assistant?
A)Law, Public Safety, Corrections, & Security
B)All of these
C)Education & Training
D)Health Science
Answers
In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant
For better understanding, let's understand what career clusters means
Career Cluster is simply known to be a wide occupational groupings of specific industry based jobs such as agriculture, law, education, health science etc . The career clusters provide an organizing tool that helps one in creating a career plan.An administrative assistant helps in the day to day running of an enterprise or firm. All career cluster have different job specifications and so an office or administrative assistant is often needed to answer phone calls, document important work or minutes of meetings, assistant the boss in office duties and other responsibilities. It is commonly found in all the 16 career cluster.From the above, we can therefore say that the answer In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant is correct.
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The securities and exchange commission is responsible for ______. multiple choice question. preparing a prospectus regulating various stock exchanges ensuring companies are tax compliant listing stock transactions on the nyse
Answers
Answer:
regulating various stock exchanges
Explanation:
jason manages credit and collections at barkatorium pet supplies. he is responsible for accounts receivable and accounts payable. these activities suggest that jason's job is in financial management.
Answers
False. Jason manages credit and collections at barkatorium pet supplies. he is responsible for accounts receivable and accounts payable. these activities suggest that jason's job is in financial management.
While Jason's role at Barkatorium Pet Supplies involves managing credit and collections, as well as handling accounts receivable and accounts payable, it does not necessarily indicate that his job is in financial management. Financial management typically refers to roles that involve overseeing the overall financial operations and strategies of an organization, including financial planning, budgeting, investment decisions, and financial analysis. While credit and collections are related to financial activities, they are more specific to managing the creditworthiness of customers and ensuring timely payments. Jason's role may fall under credit management or accounts receivable management, which are specialized functions within financial operations.
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According to the neoclassical perspective, in response to a shock to aggregate demand, prices and wages will change such that the economy moves back to the same level of potential GDP. What determines how long this adjustment process takes?
Answers
The factor that determines how long this adjustment process takes is that the long-run aggregate supply curve (ASn), that is vertical at the level of potential GDP, is one that determines the level of real GDP in this economy in the long run.
What is neoclassical model about?When there is increases or decreases in aggregate demand, the neoclassical view holds the notion that how the macroeconomy adjusts is due to the foresight it has that even if wages and prices are termed “sticky”, or slow to change, in the short run, they will be flexible.
In the long-run neoclassical analysis, it is shown that the chain of economic events is ever changing as economic output is said to rise above potential GDP.
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For each of the following user of accounting information, select if the user is external or internal. 1. Human resource manager 2. Taxing authority (IRS) 3. Investor 4. Creditor 5. Vice president of f
Answers
1. Human resource manager: **Internal**.
The human resource manager is an internal user of accounting information as they work within the organization and require financial data for making decisions related to employee compensation, benefits, and performance evaluation.
2. Taxing authority (IRS): **External**.
The taxing authority, such as the IRS (Internal Revenue Service), is an external user of accounting information. They are not part of the organization but rely on financial records to ensure compliance with tax regulations and calculate tax liabilities.
3. Investor: **External**.
Investors are external users of accounting information. They rely on financial statements and reports to assess the financial health, profitability, and potential risks of a company before making investment decisions.
4. Creditor: **External**.
Creditors, such as banks or suppliers, are external users of accounting information. They use financial statements to evaluate the creditworthiness and repayment capacity of an organization before extending loans or providing credit.
5. Vice president of finance: **Internal**.
The vice president of finance is an internal user of accounting information. They hold a senior position within the organization and utilize financial data for strategic planning, budgeting, financial analysis, and decision-making.
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Write qnd explain 2 advantages that business can obtain by registering its name
Answers
There are a number of benefits when a business is registered, the main benefits are, limited liability and can open company bank accounts.
What is a Company?A company if registered as a limited liability is a company which can have a bank account on the company's name and also the owners of the company is entitled for the limited liability.
The limited liability is the waiver of liability from the owner of the company, when a company is registered as a limited liability it is separate from its owners and the owners are not personally liable for any losses made by the company.
In a case of a bankruptcy the owners will not pay the creditors of the company from their personal assets. However the company is liquidated and the creditors are paid off by the assets of the company.
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PLEASE HELP
8. The International Monetary Fund, the World Bank, and the International Development Association are international organizations that
(A) keep track of world population growth
(B) make loans to developing nations
(C) limit loans and investments to nations located in certain regions
(D) have refused to help the developing nations
Answers
Answer:
answer is b (make loans to developing nations
With the "new normal" due to the pandemic, how should a
brokerage business behave to manage its operations without
compromising quality of services as well as safety of the
employees?
Answers
In the "new normal" shaped by the pandemic, a brokerage business should adapt its operations to ensure the safety of employees and maintain the quality of services it provides.
To achieve this, several measures can be implemented. Firstly, the business should prioritize remote work and encourage employees to work from home whenever possible. This can be facilitated through the use of secure and reliable communication and collaboration tools. By minimizing physical contact in the workplace, the risk of virus transmission is reduced, ensuring the safety of employees.
Secondly, technology can play a crucial role in maintaining the quality of services. The brokerage business should invest in digital platforms and tools that allow for seamless remote operations. This includes robust online trading platforms, secure document management systems, and efficient customer relationship management (CRM) software. These technologies enable employees to continue serving clients effectively and efficiently, even in a remote work environment.
Furthermore, effective communication and training are essential. The brokerage business should establish clear channels of communication to keep employees informed about important updates, changes in policies, and safety protocols. Regular virtual meetings, video conferences, and email updates can help foster a sense of connectivity and ensure that everyone is on the same page. Additionally, comprehensive training should be provided to employees to familiarize them with remote work processes, cybersecurity best practices, and any new technologies or procedures that may be implemented.
Another aspect to consider is employee well-being. The brokerage business should prioritize the mental and physical health of its employees during these challenging times. This can be achieved through initiatives such as wellness programs, flexible work arrangements, and regular check-ins to address any concerns or provide necessary support. Encouraging a healthy work-life balance and promoting employee morale are crucial for maintaining productivity and the overall quality of services.
Lastly, the brokerage business should stay updated with health guidelines and regulations set forth by relevant authorities. By adhering to these guidelines, such as implementing social distancing measures, providing personal protective equipment (PPE), and regularly sanitizing the workplace, the business can create a safe environment for its employees and clients.
In summary, a brokerage business can manage its operations without compromising the quality of services and employee safety by embracing remote work, leveraging technology, fostering effective communication and training, prioritizing employee well-being, and adhering to health guidelines. By adopting these measures, the business can navigate the "new normal" while continuing to provide excellent services and safeguarding the well-being of its employees.
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The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.
Answers
According to the historical and information record, the Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for employees working more than 40 hours a week.
Fair Labor Standards Act of 1938 was made to improve the working conditions of employees and also protect their rights against exploring employers.
The Fair Labor Standards Act of 1938 established standards on minimum wage, working hours, and oppressive child labor.
Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."
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debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?
Answers
Answer:
debt
Explanation:
give an example of a business operating in a monopolistic market in South Africa
Answers
Answer:
Diamond sales by De Beers's Central Selling Organisation (CSO) and SA Breweries' (SAB) production of beer.
Explanation:
That is one I honestly think.
:D HOPE THAT HELPS, GOODLUCK!
What is one result of competition in a free-market economy?
A. Businesses control the price that all the companies within an
industry can charge.
B. Consumers can choose which company's products they want to
buy.
C. The government decides who is allowed to compete in the market.
D. Traditional values determine who will compete in the market.
Answers
What is the process of managing changes to the business requirements throughout the project?
Requirements management
Requirements definition document
Requirements documentation
All the above
Answers
the process of managing changes to the business requirements throughout the project is known as requirements management.
Descriptions of the necessary system characteristics and functionalities are established during the analysis phase. Screen designs, business rules, process diagrams, pseudo code, and other documentation might be included in these descriptions.
How do you manage requirements?Requirements management in the project seeks to ensure that a business accurately documents, validates, and meets the needs and expectations of its customers and other internal or external stakeholders. The first step in requirements management is the analysis and elicitation of the organization's objectives and constraints.
Requirements managing is changes to the business requirements throughout the project
Other elements of requirements management include assisting with planning for requirements, integrating requirements and the organization for dealing with them, as well as interactions with other information delivering on requirements and modifications for these.
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Wright Agency analyzes two companies: Edgeworth and Payne. Consider these two entities, Edgeworth with Tobin's Q > 1 and the other company Payne with Tobin's Q < 1. In Wright Agency, a question was posed to Phoenix asking which firm should pay more dividends or perhaps do more repurchases of shares to its shareholders. What should Wright Agency answer? Show the reasoning.
Answers
The Wright agency should answer that Payne has a Tobin's Q of 1, which indicates that the business is undervalued and needs to repurchase shares.
Tobin's Q is equal to the Market value of the business/Replacement cost of the assets. A corporation is undervalued if its Tobin's Q value is less than 1. Performing a share buy-back makes sense if the firm is undervalued. If the ratio is more than 1, the business is overvalued and ought to pay dividends in cash.
The market value of a corporation divided by the replacement cost of its assets is the Q ratio, commonly referred to as Tobin's Q. Equilibrium thus occurs when market value and replacement cost are equal. The link between market valuation and intrinsic value is best expressed by the Q Ratio at its most fundamental level. It is a method of determining if a certain company or market is overpriced or undervalued.
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xyz manufacturing is a unionized company. in general, negotiations between the union and management are never easy. however, recently, both management and union officials have become concerned about the number of employees experiencing stress-related burnout. management and union officials decided to meet to address the issue and find the best solution for both the employees and the company. this is an example of which conflict handling style? group of answer choices accommodation. compromise. collaboration. competition.xyz manufacturing is a unionized company. in general, negotiations between the union and management are never easy. however, recently, both management and union officials have become concerned about the number of employees experiencing stress-related burnout. management and union officials decided to meet to address the issue and find the best solution for both the employees and the company. this is an example of which conflict handling style? group of answer choices accommodation. compromise. collaboration. competition.
Answers
Option b: Collaboration. The given information is an example of collaboration conflict handling style.
The goal of the cooperating conflict style is to resolve disagreements in a way that promotes cooperation. That entails having an open dialogue about crucial topics with all parties concerned and ensuring that they have all had a chance to speak. Additionally, it requires attentive listening, considering alternate approaches, and sustaining a relaxed atmosphere so everyone feels at ease airing their concerns openly. From there, you search for a solution that takes into account everyone's input and will, in general, leave everyone happy with the result.
A fantastic technique for promoting amicable conflict resolution at work and guaranteeing the success of your project is the collaborative conflict management strategy. It takes time while listening to all parties involved, but the payoff is great because everyone leaves the conflict satisfied.
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What was the opening price of Dow Jones Industrial Average on Sep 28, 2017 in the format of XXXXX.XX?
Answers
The starting price was $21080.28.
Calculation
On May 30, 2017, the Dow Jones Industrial Average was:
The Dow Jones Industrial Average finished at 21029.47 on May 30, 2917, a decrease of 50.81, according to valueline.com.
Index of closure: 21029.47+ downward motion = 50.8121080.28 is the opening index.According to this, the starting price was 21080.28.
The stock performance of 30 major firms that are listed on American stock exchanges is tracked by the Dow Jones Industrial Average. It is an index of stock price. The S&P 500 Index and the NASDAQ are two more.
The day's initial average price before trading began is represented by the starting index. The price must have fluctuated, moving up and down, while trade. By adding back, it can be deduced from this closing index data that the opening price was higher than the closing price by 50.81, or around 51 basis points.To Learn more about Averages and Opening Price, Click the links.
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Select the correct answer. what is currency appreciation? a. a decrease in the value of a country’s currency b. an increase in the use of a country’s currency c. a decrease in the use of a country’s currency d. an increase in the value of a country’s currency
Answers
Currency appreciation is an increase in the value of a country’s currency in relation to another currency. Option (d) is correct.
What do you mean by Appreciation?Recognizing and savoring something or someone's positive traits is known as appreciation.
An increase in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another.
Inflation is typically lowered by currency appreciation because imports become more affordable and the reduced prices result in lower inflation. It reduces consumer interest in domestic goods and increases the appeal of imports. To stay competitive, local businesses typically need to reduce expenses and boost productivity.
Therefore, Option (d) is correct. An increase in the value of a country’s currency in relation to another currency is referred to as currency appreciation.
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1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.
Answers
ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.
To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.
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are good places to look to find your current expenses when building your budget.
A) Online research websites
B )Banks and credit unions
C)Bank and credit statements
D)Grocery stores and concerts
Answers
Answer:
C)Bank and credit statements
Explanation:
The good places to look to find your current expenses when building your budget is "Bank and Credit Statements"
This is because the credit statement is a document showing a list of transactions or money spent on goods or expenses made. This credit statement can be gotten from a bank of the person whose credit statement is under analysis or credit union.
Hence, in this case, the correct answer is Bank and credit statement.
Consent of the client before completion of a trade made between the firm and a client must be made when A) an investment adviser will be acting in the capacity of a principal B) a broker-dealer will be acting in the capacity of a principal C) a broker-dealer will be acting as a contra party to the trade D) a broker-dealer will be acting in the capacity of an agent
Answers
Answer:
A) an investment adviser will be acting in the capacity of a principal
Explanation:
In case when the consent of the client made prior to completing the trade among the firm and client is made when the investment advisor would be acting as a principal i.e he has a capacity to act as a principal
Therefore in the given situation, option A is correct and the same is to be considered
hence, all other options are incorrect
If the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule, what would be the firm’s quantity of customers and price charged per customer?.
Answers
With the marginal cost per customer, the quantity of customers is 4000 and the price is $60.
What is marginal cost?It should be noted that marginal cost simply means the extra cost that's incurred as a result of the additional output produced.
In this case, from the complete question, with the marginal cost per customer, the quantity of customers is 4000 and the price is $60.
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Match each type of governance concern to its corresponding example by clicking and dragging it to the correct spot in the chart. Agency theory Governance Concerns Example Principal-agent problem Nexus of legal contracts Information asymmetry Stockholders' relationships with managers Resumé overstatements for team openings Moral hazard Galleon Group's Founder A company scientist working on personal research Adverse selection Reset
Answers
Agency theory: Principal-agent problem
Governance Concerns: Stockholders' relationships with managers
Example: Resumé overstatements for team openings
Information asymmetry: Nexus of legal contracts
Example: A company scientist working on personal research
Moral hazard: Galleon Group's Founder
Example: A founder of the Galleon Group engaging in risky behavior with investor funds
Adverse selection: Reset
Example: Difficulty in attracting qualified candidates due to the reputation of a company
Please note that the examples provided are not exhaustive and are meant to illustrate the concept of each governance concern.
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active/passive she is watering the plants
Answers
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".