When does accrual basis accounting record a transaction?

Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000. The ratio of sales to total assets is (round answer to two decimal places) a.

14. Lassiter Industries has annual sales of $220,000 with 10,000 shares of stock outstanding. The firm has a profit margin of 7.5 percent and a price-sales ratio of 1.20. What is the firm's price-earnings ratio?

The credit portion of the adjustment for the depletion of a coal mine was credited to the coal mines account. what would this error cause?

A start-up company built a database of customers and sales information. For each customer, it recorded the customer's name, zip code, region of the country (East, South, Midwest, West), date of last purchase, amount of purchase (in dollars), and

What does time value of money refer to? A - value of money decreasing as you spend B - budgeting preparation steps C - opportunity cost of saving D - increasing amounts of money due to interest

If an owner of a business sells a share of the business to a partner, the effect on the balance sheet of the business will be that A. the total of assets and liabilities will increase B. the total of assets and liabilities will decrease C.

The spotlight on small business box "earning while learning" features students who

The balance sheet reports revenues and selling costs for a period of time. a. True b. False

The 12/31/2018 balance sheet of Despot Inc. included the following: Common stock, 25 million shares at $20 par $ 500 million Paid-in capital-excess of par 3,000 million Retained earnings 980 million In January 2018, Despot recorded a transaction

Gallons of output for October and November were 45,000 and 56,000, respectively. Gallons of input for October and November were 46,000 and 64,000, respectively. Which of the following statements is true? a. all of the above b.