What are accruals

Assignment Help Basic Statistics
Reference no: EM13766689

Post a 100-200-word response to the following: 

  • What are some methods you might use to determine the reliability of data you gather? Why is it important to analyze your data to determine if it is reliable? 
  • Chapters 5 & 6 of Critical Thinking cover fallacies and rhetoric. According to the text, what are two examples of persuasion that are not valid arguments? Why are these invalid arguments?

Post a 150-200 - word response for each of the following (bulleted) questions:

  • What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?
  • What types of accounts are debited and credited in an unearned revenue adjusting entry?
  • With the Revenue Recognition Principle, How is the  balance sheet affected?
  • Name a circumstance when Cash Basis Accounting would be appropriate?  
  • What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?
  • What is the revenue recognition principle? What is the expense recognition principle? Why are these important to financial reporting?

Reference no: EM13766689

Questions Cloud

Determine the impact of potential logical threats : Determine the impact of at least five potential logical threats that require attention. Detail the security controls (i.e., administrative, preventative, detective, and corrective) that the pharmacy could implement in order to protect it from the ..
Principles of constructivist teaching : Explain and give examples showing how these tenets support science literacy.
How much return will his investment earn : Mr. Nailor invests $6,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much return will his investment earn during this time period? (Compound monthly)
Compounded annually : If you invest $10,000 at 10% interest (compounded annually), how much will you have in 10 years? Round your answer to the nearest dollar.
What are accruals : What are accruals? Provide examples of accruals. Why do accruals require adjusting entries? What types of accounts are debited and credited in an unearned revenue adjusting entry?
What is the effective rate of return on the bond : A $5,000 face value industrial bond can be purchased for $4,920. Its interest rate is 8% and it pays interest semi annually and will mature in eight years. What is the effective rate of return on the bond? What is the effective rate of return that th..
Student loans-average educational debt for veterinary school : Student loans: In 2010, according to the JAVMA journal report, the average educational debt for veterinary school graduates was $133,873. The average starting salary for vets in private practice in 2010 was $67,548. If the vets earning an average sal..
Describe the establishment of a restaurant : Describe the establishment of a restaurant library, mall, dining hall, coffee shop, or similar public location. Plan to spend a minimum of two hours at the location.
How these techniques complement other collection disciplines : These disciplines are much more useful in the current environment. How do these techniques complement the other collection disciplines (HUMINT, COMINT, SIGINT, Imagery)

Reviews

Write a Review

Basic Statistics Questions & Answers

  Exams in math and in spanish

Last week Sarah had exams in Math and in Spanish. On the math exam, the mean was m = 40 with s = 5, and Sarah had a score of X = 45. On the Spanish exam, the mean was m = 60 with s = 8 and Sarah had a score of X = 68. For which class should Sara e..

  Run the simulation model for hammondsport saving

Run the simulation model for Hammondsport Savings Bank's single ATM machine with the following assumptions: 1. Interarrival time between two customers is a uniform probability distribution

  Dividing a polynomial by a binomial

How is dividing a polynomial by a binomial similar to or different from the long division you learned in elementary school? Can understanding how to do one kind of division help you with understanding the other kind?

  Typical homeowner has a utility function

The typical homeowner has a utility function equal to the square root of wealth. Will the homeowner retrofit the house, and if so, which insurance policy will the homeowner buy?

  Find the appropriate critical statistic for one tailed test

Find the appropriate critical statistic for : A one tailed test in the positive direction with 15 observations with alpha equal to 0.001.

  Theoretical background of one way analysis

This activity is a revision of an activity found in Real Data: A Statistics Workbook Based on Empirical Data by Z. C Holcomb (1997). Published by Pyrczak Publishing.

  Assume that the heights of 5 year old boys are normally

Assume that the heights of 5 year old boys are normally distribued with a mean of 100cm and a standard deviation of 60. What is the sampling distribution of the mean for a sample size of 900 and its confidence interval at the 99% level?

  Probability of drawing cards

We have a deck of 52 playing cards. What is the probability of drawing?

  Find the population mean of waiting times

Mean waiting time was 15 minutes and that the standard deviation was 4 minutes. The 95% confidence interval for the population mean of waiting times is?

  Confidence level for true mean of available hotel rooms

Identify the point estimate of the average number of available hotel rooms in this lesson from each sample. Construct and Interpret a 95% confidence level for the true mean number of available hotel rooms, based on the point estimate of each sampl..

  What value of the process mean would you recommend estimate

components used in a digital slr camera are manufactured with nominal dimension of 0.3 mm and lower and upper

  Random sample of group leaders

A random sample of 85 group leaders and supervisors revealed that they worked an average of 6.5 years before being promoted. The population standard deviation was 1.7 years. Using the 0.95 degree of confidence, what is the confidence interval for ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd