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Oliga [24]
2 years ago
13

Expenditures of a governmental unit for insurance extending over more than one accounting period: Group of answer choices Must b

e accounted for as expenditures of the period of acquisition. May be allocated between or among accounting periods or may be accounted for as expenditures of the period of acquisition. Must be allocated between or among accounting periods. Must be accounted for as expenditures of the periods subsequent to acquisition.
Business
1 answer:
velikii [3]2 years ago
3 0

Answer:

Expenditures of a governmental unit for insurance extending over more than one accounting period May be allocated between or among accounting periods or may be accounted for as expenditures of the period of acquisition.

Explanation:

It is never wrong to document expenditures in real time with definite data such as date, details of expenditure and the costs entered correctly.

Therefore, if the expenditures of a governmental unit for insurance extends over more than one accounting period, it may be accounted for as expenditures of thee period of acquisition.

Since the expenditure spills over to another accounting period, it may also be located between or among the accounting periods it falls on.

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Lois and Peggy are the only two accountants at a construction company. They split the accounting work in the company according t
Lapatulllka [165]

Answer:

Job sharing

Explanation:

Job sharing is a sort of adaptable work course of action in which two individuals work to finish the work one individual would do in a self-contained all day job. In job-sharing agreement, two people handle work, and they share salaries. Hours can change: They may cooperate some portion of the week, and they may never observe one another.

5 0
2 years ago
Snowboards Inc. refuses to sell its products to Timber Winter Sports Stores, Inc., a retail snowboard dealership. This violates
Lilit [14]

Answer:

b. The refusal has an anti competitive effect on the market.

Explanation:

When a company that sells certain products fails to sell same to a retailer who deals in same products, such is said to have anti competitive effect on the market. The aim is to reduce competition in the market.

This type of refusal would always lead to price fixing, boycott.etc. When there is price fixing, it would lead to customers being unable to buy the product due to high price.

Products that are evenly distributed and not selective would increase competition in the market place such that customers would be able to purchase such product in any retail shop that sells the products.

7 0
2 years ago
Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. Th
sergejj [24]

Answer:

NERD

Explanation:

pls no nerds if u read this you are gay

7 0
2 years ago
Jones borrowed $960 from the bank, issuing a 12.5%, 4-month promissory note. Assuming that the note is issued and paid in the sa
Anestetic [448]

Answer:

(A). A Debit to Notes Payable for $960

Explanation:

In case of a promissory note, there are three parties to it, namely,

  1. Maker i.e Jones here
  2. Payee, to whom money is to be paid i.e the bank here
  3. Holder i.e the one who currently holds the promissory note i.e the bank here

Upon issue of promissory note, in the books of the maker (Jones), the entry is,

Name Of The Bank A/C                    Dr. $960

      To Notes Payable A/C                              960

(Being a promissory note issued to bank against a payment of $960)

Upon maturity i.e date of payment, the entry would be,

Notes Payable A/C                           Dr.  $960

     To Cash/Bank A/C                                      960

(Being payment of promissory note honored)

Thus, the correct answer would be, (A) a debit to notes payable account for $960.

7 0
2 years ago
A monopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (WTP) of $1
Romashka [77]

Answer:

The answer is: 1) II > I > III

Explanation:

<u>Pricing scheme I: $2 million profit</u>

  • Price $150,000
  • Contribution margin = $150,000 - $50,000 = $100,000
  • 35 units sold x $100,000 = $3.5 million
  • profit = $3.5 million - $1.5M = $2 million

<u>Pricing scheme II: 2.25 million profit</u>

  • Price $200,000
  • Contribution margin = $200,000 - $50,000 = $150,000
  • 25 units sold x $150,000 = $3.75 million
  • profit = $3.75 million - $1.5M = $2.25 million

<u>Pricing scheme III: $1.5 million profit</u>

  • Price $250,000
  • Contribution margin = $250,000 - $50,000 = $200,000
  • 15 units sold x $200,000 = $3 million
  • profit = $3 million - $1.5M = $1.5 million

8 0
2 years ago
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