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ASSIGNMENT: Think about the cash basis versus the accrual basis of accounting. When are revenues and expenses recognized in each of the methods? What is the importance of the revenue recognition principle and the matching principle related to each method of accounting? Which method satisfies generally accepted accounting principles? List some advantages and disadvantages of each method.
question 1nbspblue ridge company manufactures a product that sells for 60 per unit. blue ridge incurs a variable cost
monterey corporation is considering the purchase of a machine costing 36000 with a 6-year useful life and no salvage
If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?
Teens who own iPads typically own about 20 games. Using the 68-95-99.7 Rule, draw and label an appropriate sampling model for the average amount a teen would spend per game if they had 20 games, assuming those games were a representative sample of..
guyer company publishes a monthly sports magazine fishing preview. subscriptions to the magazine cost 20 per year.
you are the senior accountant responsible for recording accrued liabilities at the end of the companys fiscal year.
In this module we are studying consumer behavior. An organization cannot persuade a customer to purchase a product or service without understanding the basics of "how people buy."
clr inc. is a clothing manufacturer. recently clr made and produced about 2000 shirts. during the production process
the metro company has 248655 in ending inventory on their books at their december 31 year-end with the following
Even if you cannot get access to such a package, try to get hold of one of the newer generation of accounting packages, such as Quicken or Money, which are aimed at use in the small business, or for domestic accounting.
A camera store sells an average of 100 cameras per month. The cost of holding a camera in inventory for a year is 30% of the price the camera shop pays for the camera.
John's car was completely destroyed by fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. W..
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