Answer:
a. $11,000
b. $2,200
Explanation:
According to the cash basis accounting, the cash is recorded when actual cash is received
But as per the accrual basis of accounting, the revenue is recorded when it is realized or earned whether cash is received or not
So,
a. Cash basis = $11,000
b. Accrual basis
= $11,000 ÷ 10 months × 2 months
= $2,200
Answer:
The correct answer is:
$4 (D.)
Explanation:
From the question, we are told that:
the price of halvah (MUH)= $12
the price of pomegranates (MUP)= ????
Next, we are also told that the optimal consumption ratio of MUH to MUP = 3
This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3
MUH/MUP = 3
12/MUP = 3
MUP = 
MUP = $4
The cost was $1.15 billion
Answer: B. $5,000 inventory, $0 accounts receivable
Explanation:
Daniel's basis in JRD is $21,000
Inventory fair value is $16,000
$21,000 - $16,000 = $5,000
Accounts receivable inside basis is $0.
Inside basis is basically each partner's tax basis in the partnership.
Every human has a desire for better standards of living. For this, they need to change with their desires and wants for the better in terms of food, clothing, and living
