Which accounting method correctly reflects the results in finacial statements

Answers

Answer 1

The accounting method that correctly reflects financial statement results is Accrual accounting.

What is accrual accounting?

This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.

This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.

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Related Questions

Credit unions differ from retail banks because they are

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In the finance industry, the Credit unions differ from retail banks because they are owned by their members.

What is a Credit unions?

It is a financial institution very similar to a commercial bank which is a member-owned nonprofit financial cooperative.

What is a retail banks?

It is a financial institution that offers personal banking to the general public, rather than to companies, corporations or other bank

In conclusion, the Credit unions differ from retail banks because they are owned by their members.

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Answer:

owned by members

Explanation:

did it

Benjamin Moore Company provides paint and supplies to businesses and individuals through its network of company-owned retail outlets. Benjamin Moore employs outside sales representatives who make personal calls with prospects and customers in order to gain insight about their needs and persuade them to utilize Benjamin Moore for their painting projects. Typically, a Benjamin Moore sales representative will focus his or her efforts on specific customers such as hospital facility managers, apartment complex managers, painting contractors, or education institution facility managers. Benjamin Moore is utilizing the ______ variable for segmenting business markets.

Answers

In the systems portion of the business market, Benjamin Moore & Co. is leveraging types of organizational variables. Hence, option B is correct.

What is an organizational variable?

An organizational variable is a characteristic of decision-making; a characteristic that influences the decision-making process and outcomes related to it. It includes a variety of factors such as the organization's code of ethics, top-level management, structure, size, and culture, among others.

According to Trevino's model (1986), an individual's ethics is also affected by an organization variable.

The complete question is attached in image form at the end.

Thus, option B: type of organization is correct for Benjamin Moore Company's business markets.

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A full outer join with the matching rows removed is known as a ______________.

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A full outer join with the matching rows removed is known as a UNION JOIN

What is UNION JOIN?

Union join is a SQL command used to join matching rows data analysis. it is an important query used to locate and join matching rows in a given raw data.

This operator is crucial because it helps removes any duplicates present in the results being combined.

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You work in contracting and receive a request from a company that wants to make a bid on the next ambulance contract; the requestor wants to know who the current companies are and how much they charge for various services. You know that your friend handles that contract and could easily send the information. What do you do

Answers

I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice.

What is unethical practice?

Unethical behavior refers to actions or attitudes that are unacceptable to the general public because they are deemed unfair and give undue advantage to a select few.

Hence, given the above situation, I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice and blacklist the requestor.

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The purpose of the gross method of accounting for sales discounts is to a.avoid recording a subsequent adjusting entry. b.record the largest amount of sales to show robust revenues. c.assume the customer will not take the discount. d.abide by the GAAP requirements to record sales in the amount most likely to be received.

Answers

The main purpose of the gross method of accounting for sales discounts is to abide by the GAAP requirements to record sales in the amount most likely to be received.

What are GAAP requirements?

Also called the Generally Accepted Accounting Principles requirements, it refers to the collection of accounting rules and standards for financial reporting.

Hence, the gross method of accounting for sales discounts are used because its abide by the GAAP requirements to record sales in the amount most likely to be received.

Therefore, the Option D is correct.

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Which player in the economy supplies labor in the factor market?

a. Government
b. Households
c. Business firms
d. Rest of the world

Answers

The player in the economy which supplies labor in the factor market is the households.

What is supply of labor?

This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.

Hence, the player in the economy supplies labor in the factor market is the households.

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Answer: Households

HouseHolds supply the factor market.

Female executives in international business have workplace challenges due to gender biases in some countries. For this reason, some companies do not eagerly offer women _____.

Answers

For this reason, some companies do not eagerly offer women international assignments.

What are the barriers/challenges women face at the workplace?Because men have dominated leadership roles for so long when a woman demonstrates these qualities, they are not as well received.Men continue to have more networks than women, which allows them to hear about opportunities and locate mentors and sponsors who will support their growth.The difficulty of juggling work and home obligations sometimes prevents women from pursuing leadership positions. The outdated idea of male and female home responsibilities is still used in the design of workplaces.Obstacles still exist in the form of hostile work environments and covert bias. Women of race encounter more barriers to success and are thus even less likely to assume leadership positions.

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The U.S. government funds the federal budget deficit by Group of answer choices borrowing from large private banks at favorable terms and low interest rates. selling securities such as Treasury bonds and Treasury bills. selling stock in government-owned corporations. selling shares in gold owned by the Federal Reserve via special drawing rights.

Answers

The U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.

What is budget deficit?

Budget deficit is when the government expenditure is more that its revenue. Here, the expenses incurred are more that what comes in as income to the government.

Hence, the U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.

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Fitz Inc., a pharmaceutical company, reported net income for fiscal 2016 of $5,772 million, retained earnings at the start of the year of $57,594 million and dividends of $5,958 million, and other transactions with shareholders that increased retained earnings during the year by $11 million. If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year

Answers

The balance of retained earnings at the end of the year equals $57,408 million.

What is balance of retained earnings?

It is calculated as adding of beginning Retained Earnings balance to the net income or loss and then dividend payouts are subtracted.

Balance of retained earnings = $57,594 million + $5,772 million - $5,958 million,

Balance of retained earnings = $57,408 million

Therefore, the balance of retained earnings at the end of the year equals $57,408 million.

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Potential output is not purely a physical measure based on the number of workers and existing factories because:

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Potential output is not purely a physical measure based on the number of workers and existing factories because factories may be technologically obsolete.

What is potential output?

Potential output of an economy is used to determine the amount of goods and services that is produced when people are gainfully employed.

It does not consider unemployment everyone is assumed to be working.

Therefore, Factories may not function again and cannot be called potential output.

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when the mpc = 0.75, the desired tax cut for achieving a $300 billion fiscal stimulus is _____.

Answers

Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.

How much of a tax cut is needed?

This can be found by the formula:

= Required fiscal stimulus / Marginal propensity to consume

Solving gives:

= 300 / 0.75

= $400 billion

In conclusion $400 billion of tax cuts are needed.

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Gilroy, a calendar-year taxpayer, is a long-time partner in the firm of Adam and Company, which has a fiscal year ending June 30. The partnership agreement provides for Gilroy to receive 25% of the ordinary business income of the partnership. Gilroy also receives a guaranteed payment of $1,000 monthly, which is deductible by the partnership. The partnership reported ordinary business income of $88,000 for the year ended June 30, 2021, and $132,000 for the year ended June 30, 2022. How much should Gilroy report on his 2021 return as total income from the partnership

Answers

The answer is 123456 because yea

The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called:

Answers

The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.

Shift in DemandWhen a fundamental driver of demand changes, the location of the demand curve will move to the left or right.The demand curve shifts to the right to indicate increases in demand. A rise in income, an increase in the cost of a substitute, or a decrease in the cost of a complement could all contribute to this.An increase in the quantity needed at every price results from a movement in demand to the right. For instance, if drinking coke gets more popular, demand will rise regardless of price.

Hence, the change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.

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company leaders expect advertising agencies to produce tangible outcomes with an increasing emphasis on ______.

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Advertising is an important expense for the organizations, company leaders are now expecting to produce tangible outcomes of advertisement with an increased emphasis on accountability and measurable results.

Measurable results are important for the expenditure to analyze and to plan further expense to be more effective

What is an advertisement?

An advertisement is an expense that is to inform consumers about the product and its benefits. The amount spent on advertisement is generally expensed out in the statement of profit or loss.

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The federal government’s health care program for older individuals is ________
_______ is the government’s health care program for low-income families.

Answers

Medicare, Medicaid

...

ExplanationAnswer:

medicare, medicaid

Explanation:

edmentum

The cross-price elasticity of demand for peanut butter with respect to the price of jelly is -0.3. If we expect the price of jelly to decline by 15%, what is the expected change in the quantity demanded for peanut butter

Answers

The expected change in the quantity demanded for peanut butter is decreased by 4.5%.

What is Elasticity of Demand?

The term Elasticity refers to the Change and demand refers to the willingness and ability to purchase a particular product. Thus the Elasticity of Demand refers to the Change in the level of the demand in response to the change in the price that too in large.

Price Elasticity = percentage change in the quantity demand/ percentage change in price of the butter

                      0.3 = x/15%

                        x = 4.5%

Therefore the quantity demanded of the peanut butter will be declined by 4.5%

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what do i say to "tell me about yourself" in a job interview

(20 pts)

Answers

Answer:

1- Mention past experiences and proven successes as they relate to the position. ...

2- Consider how your current job relates to the job you're applying for. ...

3- Focus on strengths and abilities that you can support with examples. ...

4- Highlight your personality to break the ice.

Explanation:

As hard as this question is, the easiest way to answer is to talk about the past present and future.

Present: Talk a little bit about what your current role is, the seope of it, and perhaps a
big recent accomplishment.

- Past: Tell the interviewer how you got there and/or mention previous experience that's
relevant to the job and company you're applying for.

• Future: Segue into what you're looking to do next and why you're interested in this gig
(and a great fit for it, too).

g A market constraint can be overcome by: outsourcing. lobbying. supplier development. cash flow management. advertising or price changes.

Answers

A market constraint can be overcome by advertising or price-changes.

What is a market constraint?When no suppliers can adjust their capacity in response to a change in demand, or when providers' responses do not correspond to the change in demand, the market is said to be restricted.What is cash flow management?The process of monitoring the amount of money coming into and going out of your company is known as cash flow management. This assists you in making future financial projections for your company. It also aids in determining how much cash your company needs to pay off debts, such as paying suppliers and staff.What is advertising?Advertising is a type of marketing communication that uses an overtly commercial, impersonal message to sell or promote a good, service, or concept. Businesses who want to advertise their goods or services are often the sponsors of advertising.Therefore, a market constraint can be overcome by advertising or price changes.

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Fifteen years ago, Lenny purchased an insurance policy on his own life. The policy provides a $3 million death benefit. Lenny has paid $682,000 of premiums, and the cash surrender value of the policy is $725,000. He plans to liquidate the policy to generate cash for his business. If Lenny's marginal tax rate is 35%, how much after-tax cash will the liquidation generate

Answers

Lenny will generate $471,250 after-tax cash.

What is an insurance policy?The insurance policy, which establishes the claims that the insurer is legally obligated to pay, is a contract between the insurer and the policyholder. The insurer guarantees to reimburse losses brought on by risks covered by the policy language in return for an upfront payment known as the premium.What is a cash surrender value?If a policyholder or the owner of an annuity contract chooses to cancel their policy before it matures or an insured event occurs, the insurance company will give them the cash surrender value as compensation.Solution -

Money Lenny will get = $725,000.

Subtract the tax to find the money Lenny will get.

35% of 725,000 = $253,750.

[tex]725,000 - 253,750 = 471,250[/tex]

Therefore, Lenny will generate $471,250 after-tax cash.

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An investor has ​$ to invest in a cd and a mutual fund. The cd yields ​% and the mutual fund yields ​%. The mutual fund requires a minimum investment of ​$​, and the investor requires that at least twice as much should be invested in cds as in the mutual fund. How much should be invested in cds and how much in the mutual fund to maximize the​ return? what is the maximum​ return?.

Answers

The amount of $25,000 will be invested in the mutual funds while the amount of $50,000 will be invested in the CDs.

What represents the Two Investment?

Let X represent the amount in Mutual Funds and Y represent the amount in CDs.

The constraints includes:

Y = 2x; x>9000; Y = 75000 - x

Now, there need to be at least 2x + x = 75000; 3x = 75000; x = 25000

Now, given that x equals $25,000, then, the mutual funds equals $25,000 while the Y equals $50,000 for CDs ($75,000 - $25,000).

Therefore, the amount of $25,000 will be invested in the mutual funds while the amount of $50,000 will be invested in the CDs.

Complete question "An investor has 75,000$ to invest in CD and mutual funds. The CD yields 7% and mutual funds 5%. the mutual fund requires a minimum investment of $9000 and the investor requires that at least twice as much should be invested in CDs as mutual funds. How much should be invested in Cds? How much in mutual funds? what is the maximum return?"

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The united states is a ______________ economy, with nearly all of the characteristics of a ____________________ economy.

Answers

National. Global I think

The activities buyers and sellers perform to facilitate mutually satisfying exchanges is:

Answers

The activities buyers and sellers perform to facilitate mutually satisfying exchanges is marketing

Buyers and Sellers

Buyers are those that request for goods and services for consumption purpose while the sellers make goods and services available to the buyers,

Both buyers and sellers carry out activities for mutual benefit of both parties. These activity that is being performed between the parties is known as marketing.

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Your opening a small toy store. Identify three decision about inventory you would need to buy in your first year of operation. What type of information, if any would you want or need to have available in you accounting information system to help you make each of those decisions?

Answers

Your main focus should be towards what kind of toys kids demand or you should have proper supply or not.

There are three inventory decisions you would need to make throughout your first year of business :

1. The most crucial decision you must make is how many new toys should be bought to satisfy expected demand for the product. Sales will be lost if you order too little, and profits will be decreased if you order too much due to the low pricing offered during clearance sales.

2. The second most crucial decision you must make is to keep your toys up to dated according to kids interest.

3. The third most important decision not to move towards higher return in your first year by offering less price than M.R.P.

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Costs and price differences among competing companies can have origins in activities performed by a. the company's internally performed activities (its own value chain) compared to the cost structure of the internally performed activities of rival companies. b. value chains of the company's suppliers. c. value chains of a company's distributors and retail dealers and forward channel allies. d. the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies. e. whether the company has a longer or shorter value chain than its close rivals.

Answers

Costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.

What is value chain?

Value chain is a process in which a company analyzes and examine its activities to find the competitive advantage to add value to its products and services.

Hence, costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.

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A firm’s mixture of debt and equity financing is the result of its ______ decisions.

Answers

Explanation:

Its answer is capital structure

to record a sales transaction, use:

Answers

To record a sales transaction, use create invoices- receive payment- make deposits.

What is sales transaction?

Sales Transaction means transactions consummated between a company and subscriber of its capital stock. It is the transfer of a company's asset to another after sales have been completed.

Hence, to record a sales transaction, use create invoices- receive payment- make deposits.

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How to make poultry farm?

Answers

Answer:

How to make a poultry farm

Explanation:

Steps:Choose the type of poultry bird to rearSelect a suitable farm location or siteProvide good housing/shelter for the birdsFeeding and medication of the poultry birdsMarketing and sales of the poultry birds

Necessary poultry equipments

FeederWater potLaying nestsHeater/incubatorFencingEgg handling nests

Since most data for a given market study is not readily available, analysts must be creative in their use of data that they are able to obtain. The primary source for detailed household demographic information is:

Answers

The primary source for detailed household demographic information is The U.S Bureau of the Census

What is a Census?

This refers to the count of people in a given geographical area and is usually done country-wide to find out the population.

Hence, we can see that since most data for a given market study is not readily available, the primary source that can be used to get household demographics is the U.S Bureau of the Census

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Help!!!!!!!!!!!!!!!!!

Answers

Answer:

being untrusting

Explanation:

as you have save all the money in ur home then it's mean that you don't trust any one

Miracle Pill. Katie advertised that she had developed a pill for women that would result in weight loss, wrinkle loss, and improved vitality; and for men would result in all those things, plus hair growth. Her television advertisement showed miracle results allegedly obtained by consumers. Katie cautioned, however, that ingestion of the pill for six months was required before results would be evident. The pill was wildly popular. The Federal Trade Commission, however, investigated and determined that Katie had failed to have a reasonable basis for the claims she made in advertisements. Katie claimed that she was merely involved in the use of generalities and clear exaggerations. The Federal Trade Commission disagreed and issued a formal administrative complaint against her. After a hearing, the Federal Trade Commission issued an order requiring that Katie stop advertising and selling the pills. After losing all appeals, Katie continued selling the pills until she was fined by the Federal Trade Commission. She has since left the country and cannot be located. Who would have presided over the hearing involving the administrative complaint filed against Katie by the Federal Trade Commission?a) A state circuit court judgeb) A federal district court judgec) An administrative law judged) A panel of commissioners of the Federal Trade Commissione) The full commission of the Federal Trade Commission

Answers

An administrative law judged would  have presided over the hearing involving the administrative complaint filed against Katie by the Federal Trade Commission.

What is  Administrative law?

Administrative law serves as the branch of our law that support the administrative agencies, with power so they can imposes certain requirements on them to be able to gives solutions to when there is wrongful administrative acts.

Federal Trade Commission can be considered as an agency here and that was why it can make an order requiring that Katie stop advertising and selling the pills.

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ExplainPlease analyze the following political cartoon:Your TaskOnce you have looked at the tasks in the"Explain" section of this document, answer thequestions below.1. What do you see?2. How does this image connect todemocracy?3. What rights do you think the people havein the image?4. What role does technology play today ina democracy? Define profession for 8 grade The image of ABC after a reflection across Line E G is A'B'C'.2 triangles are shown. Line E G is the line of reflection. Line segment D D prime has a midpoint at point F. Line segment C C prime has a midpoint at point G. Points B and B prime share a point. Angle C G F is a right angle.Which triangle must be a right triangle and why?A'B'C' is right because it is the image of ABC.ADC is right because AA' intersects AC at A.BCC' is right because B lies of the line of reflection.BGC is right because Line E G is perpendicular-to CC'. ________ refers to the spontaneity and creativity that result from focusing on problems outside of oneself and looking beyond the boundaries of social conventions. The patient has a mass on his forehead; he says it is from a piece of sheet metal from a laceration to his forehead months ago. He has an X-ray showing a foreign body is in the mass. After obtaining consent, the metal fragment foreign body is removed from the subcutaneous tissue. What ICD-10-CM code(s) is/are reported Which thematic group is involved in the transmission and generation of electrical power?a.Communication Systemsb.Control Systemsc.Computer Systemsd.Energy Systemse.Electronic Systems SOS help please ignore the answers I put they are wrong Which is considered an administrative penalty that may be imposed by the abc for violations?. write the transitional metals and their electronic configuration Shawn is collecting money from students at his school for a charity. The table gives the ratios of the number of students who have donated and the amount of money he has collected from them. Complete the table to form equivalent ratios. What is the name given to parts of a vehicle that are used along with parts of the roadway to help drivers determine where the vehicle is in relation to the road and other vehicles?. What year did world war 1 end When writing for a general audience, students should choose words that aretechnical.conversational.subject specific.scientific. The majority of the symptoms of tetanus infection are caused by the tetanus toxins, chiefly tetanospasmin. Tetanospasmin is one of the deadliest toxins known; even very small doses (nanograms) can be lethal. It targets the nerves, causing severe muscle spasms. The tetanus vaccine consists of inactivated tetanus toxin; the vaccine is highly effective for preventing tetanus. Inoculation with the tetanus vaccine leads to the production of protective antibodies. How do these antibodies prevent tetanus can someone help me with these answers please Scientists are trying to find out why bees are dying in large numbers. Which best describes how the scientists will try to solve the problem? A. They will do the same experiments to obtain similar evidence. B. They will only work with scientists who share the same opinions. C. They will observe the same patterns and draw the same conclusions D. They will approach the problem in different ways but share ideas. Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. She plans to graduate inour years. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. By the time Oliviagraduates, how much greater will the amount of interest capitalized be than the minimum amount that Olivia could payto prevent interest capitalization? Round all dollar values to the nearest cent.a. $654.45b. $477.27C. $995.60d. $354.22 Somebody help me with this question please thank you Which type of market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich? According to the "Equal Pay Bill" letter, what will happen if businesses areforced to pay women the same as they pay men?OA. The cost of goods and services will increase.OB. The quality of work will decrease.OC. The government will raise the minimum wage.OD. Men will make less money.HANK