Answer: The property will have to sell for $90,322.58 for the Sellers to net $75,000.
We arrive at the answer as follows:
We need to add the expenses to the net amount and deduct any refunds from it to arrive at the Selling price before the sales commission.
So, we have:
Net $75,000
Add: Mortgage Balance $ 7,500
Closing Expenses $2,500 $10,000
Total $85,000
Less: Refund of prepaid taxes - $ 1,000
Total before sales commission $84,000
Since sales commission is 7%, this $84,000 corresponds to 93% of Sales Price.
Hence sales price is [tex]\frac{84000}{0.93} = 90,322.58[/tex].
The property would need to be sold for approximately $92,473.12 to net the sellers $75,000 after all expenses and commissions are accounted for.
To calculate the required sale price of the property to net the sellers $75,000 after paying all fees and commissions, we need to account for the mortgage payoff, closing expenses, real estate commission, and the refund for prepaid taxes.
Subtract the prepaid taxes refund from the net amount they want to receive:
$75,000 + $1,000 = $76,000.
Add the closing expenses to this amount:
$76,000 + $2,500 = $78,500.
Add the mortgage balance to be paid off:
$78,500 + $7,500 = $86,000.
To find out the full sale price, we need to consider the commission as well. If the commission is 7%, then the sale price is 100% and the commission is 7% of the sale price. So, the $86,000 is actually 93% of the sale price because 100% - 7% = 93%. To find the 100%, you calculate $86,000 / 0.93.
Sale price = $86,000 / 0.93
= $92,473.12 (rounded to the nearest cent).
Therefore, the property would have to sell for approximately $92,473.12 for Mr. and Mrs. Seller to net $75,000.
What are examples of business, management, and administration careers?
Mentioned are some of the careers that fall in the stated categories. Business would include any career related with the field of finance, marketing, supply chain, distribution and so on. Management is more connected with positions where resources has to be managed and administration is one of the types of management.
Answer:
cheif executive, training and development specialist, receptionist, adminastrative assistance
Explanation:
ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par value was $20 per share. After the split, what was the par value and number of shares?
A. 3,750 shares at $5 per share
B. 3,750 shares at $80 per share
C. 60,000 shares at $80 per share
D. 60,000 shares at $5 per share
Answer: D. 60,000 shares at $5 per share
Explanation:
The company has 15,000 shares and offers to split the stock four-for-one. It means that the there will be four times the number of shares but the total value of the shares, before and after the split, would remain the same.
The total value of shares = $15,000 x 20 = $300,000
Since the stock split is 4-for-1, the number of shares would be = 15000 x 4
= 60,000 shares
Therefore the total value of shares divided by the number of shares will give us the par value of the shares:
300,000 / 60,000 = $5
D. 60,000 shares at $5 per share
Amazon sells a stop watch for 139 that cost $89.97 amazon pecent based on markup selling price is
54.5%
Explanation= (49.03÷89.97)*100
= 54.50%
Therefore, the watch that Amazon is currently selling is worth $89.97 as per its cost and after charging a mark-up percentage of 64.73%, Amazon is selling the stop watch for $139. The mark-up is being calculated by putting the profit of the watch as the percentage of the cost of the watch.
PLEASE HELP WILL GIVE BRAINLIEST OT CORRECT ANSWER
One way to calculate GDP is the income approach, which
A.adds up all the money spent by all the buyers.
B.adds up all the income collected by all the sellers.
C.adds up all revenue earned by overseas companies.
D.adds up all revenue earned by foreign companies with the nation.
B. adds up all the income collected by all the sellers.
ExplanationCalculating GDP via the income approach of the established approaches, the income generated by all factors of production is the most accurate answer for the Gross Domestic Product (GDP) of a country. This therefore establishes that the income generated by factors in the household in exchange of the services or products they have provided to consumers, represent the value of the total goods and services sold in the economy.
Answer: B.adds up all the income collected by all the sellers.
Explanation:i need points but i just took this test
You get your first paycheck and notice that a percentage of your money has gone to taxes. Your employer explains that everyone has to pay taxes. Why do you have to pay taxes? What would happen if you did not pay taxes? What type of taxes do you currently have to pay and why?
Your friend fills out their first tax form and is confused between adjusted and gross income. How can you explain the difference to your friend so that they can understand the difference? Give an example on why your friend’s income may be adjusted.
gross income is what you will get without taxes being taken out , or anything being taken out. adjusted income is when your taxes are taken out and that is what you will get .
Taxes are mandatory contributions to governmental revenue, necessary to fund public services. Non-payment can lead to legal consequences. Adjusted gross income is your earnings after specific deductions, unlike gross income, which is the total before any deductions.
You have to pay taxes because taxes fund various public services that are essential to our communities such as roads, schools, and police services. If you did not pay taxes, it could lead to fines or jail time. The main types of taxes that you currently have to pay include income taxes, payroll taxes, sales taxes, and in some cases, taxes on specific goods like alcohol or gasoline.
Your adjusted gross income is your total income after accounting for certain adjustments like contributions to a retirement account, student loan interest, or educator expenses. Conversely, your gross income includes all your earnings before any adjustments. For example, if you earned $50,000 in a year and made a $2,000 contribution to a retirement account, your adjusted gross income would be $48,000.
For its back to school sale, fra diavolo's books marked down its entire stock of novels 60% for the weekend. Their sale price during this time is $11.99. What will the price return to on monday morning?
Which personality trait makes you loyal towards your employer, and truthful in your job?
A.
being on time
B.
adherence to deadlines
C.
honesty and integrity
D.
sociability
think its C
Answer:
humility, honesty and integrity.
Explanation:
With humility, one displays simplicity before your employee. Honesty on the other hand shows sincerity of purpose while integrity defines you as a straightforward person.
Diagraphs are voiced combinations of two or three consonants
Dominique is making a rice dish for 5 people that requires 4 teaspoons of salt. if she were to add just one more teaspoon of salt to the rice after tasting it, half of the time she would be able to notice a difference. if dominique decides to triple her recipe to feed 15 people, which would call for a total of 12 teaspoons of salt, how many teaspoons of salt would need to be added for a person to be able to taste the difference half of the time
The answer is "3".
Dominique is making a rice dish for 5 people that requires 4 teaspoons of salt.
When there are 5 people and 4 teaspoons of salt, 1 teaspoon of salt would need to be added for a person to be able to taste the difference half of the time.
So, when there are 15 people and 12 teaspoons of salt, 3 teaspoon of salt would need to be added for a person to be able to taste the difference half of the time.
Both internal and external
help in the profitability and growth of an organization.
True
ExplanationIt is imperative that both internal and external aspects are present for a company's growth and profits. Internal growth includes growth in the company's physical and human capital whereas external growth includes various forms of mergers and integrations. Internal reasons that impact profits include the efficiency of its employees and external reasons include for example a low raw material price gained by bargaining.
Jenn wants to move to a place where she can stat her own coffee shop and use a bus train or subway to get to work everyday. Which economic system would best fit her needs
Mixed Economic System
ExplanationJenn wants the concept of private ownership when it comes down to establishing her own coffee shop and this therefore results in call for rights to ownership. On the other hand, she looks forth to availing various subsidized facilities such as that offered in the bus and subway network. The combination of both economic systems can be found in the Mixed Economic Structure.
Answer:
Mixed economy.
Which financing option has the highest overall costs?
The financing option with the highest overall costs often tends to be credit cards due to their high interest rates. However, costs can vary depending on several factors such as the person's credit score, loan duration, and type of loan. Choosing the right financing option requires diligent consideration of these variables.
Explanation:The financing option with the highest overall costs often tends to be credit cards. Interest rates for credit cards can be quite high, often reaching or exceeding 20%. However, it's important to note that different finance options have varying costs depending on several factors such as the person's credit score, loan duration, and the type of loan. For instance, payday loans and car title loans can also have very high costs.
For example, if you borrow $500 on a credit card with a 20% annual interest rate and make only the minimum payments, it could take you several years to pay off the debt and you may end up paying several hundred dollars in interest. In contrast, a personal loan or a mortgage would generally offer lower interest rates. Therefore, choosing the right financing option for a specific situation requires diligent consideration of these variables.
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Why might one pursue a certification?
Answer:
to assure others of one's qualifications to do a task or job
Explanation:
Answer:
to assure one's qualifications to do a task or job
Explanation:
An example of a uncontrollable risk is?
(A) A change in government regulations.
(B) Choosing the location for the business.
(C) Raising prices in the business.
(D) Entering into a franchise agreement.
A uncontrollable risk would be like a risk for a disease. Some people have parents who have a disease such as diabetes and it was passed off to their offspring which is a example of a uncontrollable risk. So in this case it wouldn't be option B because you can choose another place for you're business, wouldn't be option C because that wouldn't count much of a risk because you can loose money or you can gain money. It also wouldn't be option A because it's the change of laws that can or will affect a business. So the best answer to this question is option D "Entering into a franchise agreement."
Hope this helps!
Answer:
A. a change in government regulations.
Explanation:
Changes in government regulations is something people can't prevent from happening, therefore, it's an uncontrollable risk.
what is an elevator pitch
is a short description of an ideaor product that you pitch to a company that you hope they will buy or invest in
question answered by
(jacemorris04)
Final answer:
An elevator pitch is a brief, engaging speech used to interest a potential employer or client in your skills, experience, and value proposition. It should be customized and practiced and often includes a call to action or follow-up plan.
Explanation:
An elevator pitch is a succinct, persuasive speech that you use to spark interest in what you're offering, such as your skills and background when seeking employment. It should be concise enough to be delivered in the period of an elevator ride, approximately 30 seconds to two minutes. A good elevator pitch should provide a background of your experience, education, and skills, and explain how these are relevant to the listener and how you can meet their needs.
To create an effective elevator pitch, practice your speech out loud to convey confidence, customize it to your audience, and seek feedback from professionals or career counselors. Your pitch should also include a plan for follow-up, such as exchanging email addresses or requesting a social media connection.
Using an elevator pitch during networking events, job interviews, or even cold calling can open the door to new opportunities by making a solid professional introduction and leaving a memorable impression on potential employers or clients.
Which of the following would be the most desirable wording to use on a résumé? Created a first-place science fair project. I won first place in the science fair. I created a first place science fair project. Was the winner of the science fair.
Answer:
The answer is created a first-place science fair project.
Explanation:
When writing a resume, we usually refrain from using subjects when explaining our past work experiences and achievements. Generally, we focus on using verbs in past tense to explain what we have managed to do in these contexts. More specifically, it is preferred to use action verbs since our resume is supposed to give an explanation on what we have done in the past.
In a partnership, the general partners have the legal authority to make decisions that affect the company without having to bring the decision to a vote of all partners. True False
false general partners have legal authority to make joint decisons
A criticism of the National Bureau of Economic Research's business cycle dating committee is that it: Question 2 options: a) makes little use of the national income and product accounts. b) makes premature judgments as to the turning points of the business cycle. c) dates peaks and troughs only after the fact. d) does not update or revise data.
The answer is: c) dates peaks and troughs only after the fact.
This mean that millions of dollar spents by the Bureau cannot necessarily used to address the economic problems that people currently face.
One argument to counter such criticism is that the data from the Bureau could be used to make future predicitons and prevent any mistakes in the past from occuring again in the future.
Answer: c) Dates peaks and troughs only after the fact .
The NBER dating committee maintains a chronology of the business cycles in US. The data consists of the dates of the peaks and troughs in economic activity.
The NBER dating committee does not provide the data ahead of a recession or expansion, rather it functions as a historian of recording the peaks and troughs in economic activity.
The NBER dating committee reconciles several data before actually determining and announcing the month a recession started. The decision is based on several economic indicators that are very frequently revised. The economic estimate that has the most number of revisions is the GDP estimate. The NBER takes all the revisions made to the economic indicators including the GDP and then provides the month a recession started or ended. This is the main reason for the delay in determining the month a recession began or ended.
Hence this is one of the criticisms leveled against the NBER dating committee.
Wiser Pharmaceutical has received a utility patent from the US Patent and Trademark Office. It sold this patent to another pharmaceutical company for $50,000. Under which accounting head did Wiser record the patent in its books of accounts before the sale?
A. expenses
B. income
C. intangible assets
D. tangible assets
Answer: C. Intangible assets
Intangible Assets refer to those assets that have no physical form and hence cannot be touched. They may be identified or unidentified.
Those intangible assets that can be separated from a company’s assets and can be sold are known as identifiable intangible assets. These include intellectual property rights, patents, copyrights, trademarks etc.
Those intangible assets that can’t be physically separated from the company are known as unidentifiable intangible assets. e.g. goodwill.
Final answer:
Wiser Pharmaceutical recorded the patent under the intangible assets before the sale, which is typical for intellectual property such as patents that provide exclusive rights and amortized over their useful life.
Explanation:
Wiser Pharmaceutical recorded the patent in its books of accounts under the head of intangible assets before the sale. A patent is a type of intangible asset that represents intellectual property and provides the holder the exclusive legal right to make, use, or sell the invention for a limited time, commonly 20 years for patents in the United States. Option C
Being an intangible asset, it is recorded at cost and is amortized using the straight-line method over its useful life, which could range from three to seven years, depending on the type of intangible asset and company policy.
Intangible assets are crucial for businesses since they can provide competitive advantages such as barriers to entry for competitors, and the ability to earn monopoly profits for a certain period. In the case of Wiser Pharmaceutical, the utility patent was an asset that added value to the company's ability to operate without competition in the market for the drug. When it was sold, the transaction would have resulted in the removal of this asset from the company's books and possibly the recognition of a gain or loss on the sale, depending on the carrying amount of the patent at the time of the sale.
Which are pathways in the Marketing, Sales, and Service career cluster? Select all that apply.
Marketing Information Management and Research
Marketing Communications and Promotion
Professional Sales and Marketing
Buying and Merchandising
Distribution and Logistics
E-Marketing
Management and Entrepreneurship
Software Design and Distribution
All these apply
Marketing Information Management and Research Marketing Communications and Promotion Professional Sales and MarketingDistribution and Logistics E-Marketing ExplanationAll of the above mentioned choices fall in the pathways that come in the fields of Sales and Marketing. Marketing research is an important arena and so is the art of communicating and carrying out promotion tasks. Distribution is another big arena of sales and so is the trending field of E-Commerce where all these tools can be carried out online.
The Marketing, Sales, and Service career cluster includes pathways like Marketing Information Management and Research, Marketing Communications and Promotion, Professional Sales and Marketing, Buying and Merchandising, Distribution and Logistics, E-Marketing, and Management and Entrepreneurship. Software Design and Distribution, however, is not typically part of this cluster. Setting SMART goals and creating action plans are key steps in personal career development within this field.
Explanation:The Marketing, Sales, and Service career cluster includes a variety of pathways for students interested in pursuing careers in this dynamic field. These pathways help students conduct career research and exploration, identify their interests, and develop actionable plans towards their desired career. The pathways you've mentioned can be categorized as follows:
Marketing Information Management and Research - Focuses on gathering and analyzing consumer data to guide marketing strategies.Marketing Communications and Promotion - Involves the creation and dissemination of materials aimed at communicating with potential customers.Professional Sales and Marketing - Entails the direct selling and marketing of products or services to customers.Buying and Merchandising - Deals with selecting and purchasing goods for resale in retail establishments.Distribution and Logistics - Revolves around the transportation, warehousing, and delivery of goods.E-Marketing - Encompasses the use of digital platforms to market and sell products or services online.Management and Entrepreneurship - Covers the skills required to manage businesses or start new ventures.However, the Software Design and Distribution pathway does not typically fall under the Marketing, Sales, and Service career cluster as it is more closely related to the Information Technology sector.
When deciding on a career path, it's important to set career goals relevant to you by using the SMART method (Specific, Measurable, Achievable, Relevant, and Time-bound) and create a set of action steps for your personal career development. This process includes the use of tools such as the Decision-Making Matrix to discern career fit and preference, and drafting a career vision through a mind-mapping process.
What are the four main parts of a company?
Here are the following four main parts of a company.
Superiority of Products And Services.
Marketing Plan.
Discussion of Management.
Financial Projections.
Hope that helps.
The four main parts of a company are Strategy, Marketing, Operations, and Finance.
A corporation is a legal body that represents a group of persons, whether natural, legal or a combination of the two, with a specified goal.
Members of a company work together to attain certain, stated goals.
Many businesses have a "hybrid" structure, which is a mix of several models with a single prevailing strategy.
The hierarchy of the groups, individuals, supervisors, and teams inside a firm is known as its organizational structure.
Therefore, a company's four major components are Strategy, Marketing, Operations, and Finance.
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If a country were to place a limit on the number of cars that could be imported in a year, it would be an example of what kind of trade regulation? A. Quota B. Currency control C. Subsidy D. Tariff
The correct answer is A. Quota.
Quota is an example of Trade regulation.
Quota is termed as the trade restriction of government imposed which limits monetary value or number of goods for a particular period which a country may either export or import.
The purpose of countries using quotas is to be able to regulate volume of trade. By restricting competition of foreign quotas it helps to boost domestic production.
Answer:
A. Quota
Explanation:
What is an elevator pitch?
Final answer:
An elevator pitch is a brief and persuasive speech designed to introduce yourself or your organization in a way that sparks interest from potential employers or clients. It's concise, tailored to the audience's interest, and delivered with confidence, usually within the timeframe of an elevator ride. Effective elevator pitches include background information, a value proposition, and a call to action.
Explanation:
An elevator pitch is a brief, persuasive speech that you can use to spark interest in what your organization does or in yourself as a job candidate. It should be concise enough to be delivered during a short elevator ride, hence the name. The idea is to provide a quick but powerful impression of your brand, background, skills, and goals, all tailored to your listener's interests and needs. Elevator pitches are often used during networking, cold calling, job interviews, or chance encounters with potential employers or clients.
Tips for creating an effective elevator pitch
Keep it concise, ideally around 30 seconds.Customize your speech to your audience.Practice your pitch out loud to ensure fluency.Get feedback from professionals like an employment advisor or career counselor.Project confidence throughout the pitch.Be ready with a follow-up plan after presenting your pitch.When crafting your elevator pitch, begin by providing a background of your experience, education, and skills. Then, articulate what you have to offer and why it matters to your audience. Finish with a clear call-to-action or next step, such as a follow-up meeting or call.
What does "the theory of the firm" explain? a. market supply of goods and services b. the creation of the input market c. market demand for goods and services d. the makeup of the output marketwhat does "the theory of the firm" explain?
I really don't want to cheat, I want a full explanation of how you got the answer so that I can understand. The course material didn't go over things:
1) Compare a pay increase to the inflation rate. Assume that the inflation rate for the past year was 4 percent. You are worried that your pay is not keeping pace with your cost of living. Your average net pay this year is $2,225 per month. It was $2,176 last year. Based on this information, your average net pay per month increase is _______
2) Compare a pay increase to the inflation rate. Assume that the inflation rate for the past year was 4 percent. You are worried that your pay is not keeping pace with your cost of living. Your average net pay this year is $2,225 per month. It was $2,176 last year. Based on this information, your average net pay per month increased ______ %. (Round your answer to one decimal place.)
Answer:
1. The average net pay per month increase is $49.
2. The average net pay increase per month is 2.3%.
This question asks us to compare the pay increase to inflation rate.
In order to make this comparison, we need to first determine the average monthly pay increase in dollars.
We calculate that by:
[tex]Monthly pay increase in dollars = This year's monthly pay - Last year's monthly pay[/tex]
[tex]Monthly pay increase in dollars = 2225 - 2176 = 49[/tex]
Next we determine the rate at which the monthly average increased.
We use the following formula to calculate this:
[tex]Percentage increase in net pay = \frac{Increase in average monthly pay}{Last year's average monthly pay} * 100[/tex]
[tex]Percentage increase in net pay per month = \frac{49}{2176} * 100[/tex]
Percentage increase in net pay per month is 2.3%.
We then compare the increase in pay per month to the inflation rate.
If the increase is pay is equal to or greater than the inflation rate, the pay is keeping pace with the cost of living. If the pay rise is less than the inflation rate, the pay is not keeping pace with the cost of living.
Final answer:
The student's pay increased by $49 per month, which is a 2.25% increase. Since this is less than the 4% inflation rate, it indicates that the student's pay is not keeping pace with inflation.
Explanation:
To compare a pay increase to the inflation rate, we first need to calculate the pay increase in dollars and then convert that into a percentage. Your net pay increased from $2,176 last year to $2,225 this year.
The increase in pay in dollars is calculated by subtracting last year's pay from this year's pay:
$2,225 - $2,176 = $49
To find the percentage increase in pay, we take the increase divided by the original (last year's) pay, and multiply by 100:
($49 / $2,176) × 100 = 2.25%
Your average net pay per month increased by 2.25%. When comparing this with an inflation rate of 4%, this means that your pay did not keep pace with inflation, as the pay increase is less than the inflation rate.
In what time period did hydroelectric power usage reach its peak? 1970–1980 1980–1990 1990–2000 2000–2010
The answer is: 1990 - 2000
By this time period, more people realize that energy generated from hydroelectric power is much more sustainable compared to other alternatives since it mostly relied on renewable resources. Between this period of time, nations on average use 2000 - 2500 billion kwh from hydroelectric power.
The use of hydroelectric power was able to reach its zenith in the period of 1990 - 2000.
Hydroelectric powerRenewable source of energy. Became immensely popular in the period of 1990 to 2000.The reason for this was the realization that more environmental policies were needed to protect the planet. Nations also did not want to rely on fossil fuels as much as Arab nations had held nations hostage with it.
In conclusion, option C is correct.
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For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Purchase order dated October 13 for massage chairs costing $835 and oil supplies costing $310. b. Remittance advice from customer for $107, received October 17. c. Receiving report indicating October 22 receipt of October 13 order. Also received supplier invoice totaling $1,145 d. NGS check for payment in full of October 13 order.
Journal entries include the receipt of a customer payment, receipt of inventory, and payment for inventory ordered, with one case requiring no journal entry (purchase order).
Explanation:The preparation of journal entries is a core function in accounting. Below are the journal entries for each source information provided:
a. Purchase order dated October 13 for massage chairs costing $835 and oil supplies costing $310: No Journal Entry Required. A purchase order is not an accounting transaction yet, as no goods have been received nor has any payment been made.
b. Remittance advice from customer for $107, received October 17:
Debit: Cash $107
Credit: Accounts Receivable $107
This entry records the receipt of cash from a customer, decreasing Accounts Receivable and increasing Cash.
c. Receiving report indicating October 22 receipt of October 13 order. Also received supplier invoice totaling $1,145:
Debit: Inventory $1,145
Credit: Accounts Payable $1,145
This entry records the receipt of inventory that has been ordered, increasing Inventory and Accounts Payable accordingly.
d. NGS check for payment in full of October 13 order:
Debit: Accounts Payable $1,145
Credit: Cash $1,145
This entry records the payment made for the purchase, decreasing Accounts Payable and Cash.
a. Purchase of Massage Chairs and Oil Supplies:
Debit: Massage Chairs Inventory $835
Debit: Oil Supplies Inventory $310
Credit: Accounts Payable $1,145
b. Receipt of Customer Payment:
Debit: Cash $107
Credit: Accounts Receivable $107
c. Receipt and Invoice for October 13 Order:
Debit: Accounts Payable $1,145
Credit: Massage Chairs Inventory $835
Credit: Oil Supplies Inventory $310
d. Payment of October 13 Order:
Debit: Accounts Payable $1,145
Credit: Cash $1,145
Which skills would be most helpful to Jennie in pursuing a career in accounting?
1. Organization
2. Time management
3. Adaptability
4. Communication
5. Openness
6. Leadership
Service businesses face unique marketing challenges because services are delivered by people, making it difficult to assure consistent _______ each time.
The answer is not Service
I think the answer is quality
choices are calibre, grade, quality, and value
Yes, Quality is should be your answer
Service businesses face unique marketing challenges because services are delivered by people, making it difficult to assure consistent quality each time.
As humans are imperfect and are prone to error, the quality of each service given can be different depending on the person who is giving it. Personal opinions and events of life can also swerve the quality a person can give.
For example, quality of a happy and well-rested worker would be a lot more better than that of a disgruntled, over-worked, and tired worker.
hope this helps
~Rise Above the Ordinary
[tex]\Large \boxed{\sf quality}[/tex]
Since workers supply services, ensuring consistent quality across all transactions is challenging, which presents marketing issues for service organizations.
Good quality management improves reputation, promotes productivity, and raises profitability. Quality is for satisfying clients and preserving their loyalty so they keep purchasing goods and services.
Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory in the next accounting period. Which accounting principle does she comply with?
The accrual basis of accounting are expenses that meet with the relevant revenues and/or are notified when the expense happens, not when the payment is cleared. The completion of accrual accounting is an income statement that sufficiently covers the profitability of a business during a definite time period.
Answer:
The answer is C.
Explanation: