About cash versus accrual accounting

Assignment Help Operation Management
Reference no: EM131275803

Which of the following statements about cash versus accrual accounting is most correct?

1) In cash accounting, an event is recognized when a cash transaction occurs.

2) In accrual accounting, an event is recognized when a cash transaction occurs.

3) Most large healthcare organizations use cash accounting.

4) Most small healthcare organizations use accrual accounting because it closely matches statements required for income tax purposes.

5) In cash accounting, an event is recognized when the obligation for a cash transaction is created.

Reference no: EM131275803

Questions Cloud

Capital investment financial analysis involves : A capital investment financial analysis involves which of the following steps?
About project risk analysis techniques : Which of the following statements about project risk analysis techniques is most correct?
Undesirable activity from manager perspective : Is monitoring an employee's work on a computer a desirable or undesirable activity from a manager's perspective? From the employees' perspective? Defend your position.
Limitation of ratio analysis : Which of the following statements is not a limitation of ratio analysis?
About cash versus accrual accounting : Which of the following statements about cash versus accrual accounting is most correct?
About the trade-off theory of capital structure : Which of the following statements about the trade-off theory of capital structure is most correct?
Define the process of quantitative analysis : Define the process of quantitative analysis – list the steps and discuss them. Categorize business problems that can be solved through quantitative analysis – please list at least three types of problems and give a brief explanation of the problem or..
About a comparative financial statement analysis : Suppose that two hospitals are identical in all ways except that Hospital N is relatively new while Hospital O is relatively old. Which of the following statements about a comparative financial statement analysis is most correct?
Statements concerning operating income is most correct : Which of the following statements concerning operating income is(are) most correct?

Reviews

Write a Review

Operation Management Questions & Answers

  Explain what is its self-supporting growth rate

Looking ahead at 2011, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 5% and its payout ratio will be 60%. How large a s..

  Concepts to your current job and career in the future

Reflecting on the past ten (10) weeks, specify what you believe are the two (2) most important concepts you have learned in this course. Predict two (2) ways you will be able to apply these concepts to your current job and career in the future.

  Illustrate what level of safety stock is appropriate if lead

Illustrate what level of safety stock is appropriate if lead time demand is normally distributed with a mean of 80 cases and a standard deviation of 5 cases.

  Identify differences between two methods of collaboration

Identify the differences between the two methods of collaboration: CPFR and S&OP. How are they similar and how are they different? Explain the differences in the organization objectives they are trying to achieve.

  Considering introducing new consumer electronics product

A start-up firm is considering introducing a new consumer electronics product. If the product is introduced and the market is favorable for the product, then the firm will receive a net profit of $100,000. Based on the information given above, what i..

  The firm is opening its headquarters in chicago

The firm is opening its headquarters in Chicago and is considering three office locations, which differ in cost due to square footage and office equipment requirements

  Arrivals follow a poisson distribution while service times

A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution while service times follow an exponential distribution. If the average n..

  Describe what the steroid metaphor means

James Balog is doing everything he can to expose the truths about melting glaciers around the world. Who else needs to address this issue? What needs to be done to reduce climate change?

  Copycat crimes are certainly not new phenomena

Copycat crimes are certainly not new phenomena.  Tylenol bottles laced with poison on supermarket shelves (1982), syringes planted in Pepsi cans (1993), and letters purposely containing deadly anthrax (2001) all occurred in years when a wave of simil..

  Liquidated damages in the event of an unlawful termination

In December 1991, NSI contracted to provide laundry service for Secrist’s nursing home for a three-year period. Secrist used the service until March 1993, when she unilaterally terminated the contract without NSI’s consent. The written contract provi..

  Intellectual property protection is a lengthy process

Intellectual property protection is a lengthy process - one that a business owner needs to start before he actually goes into business. Discuss what types of things are covered by a patent, a copyright, and a trademark/service mark. Discuss how one s..

  What is the main concern of the job characteristics model

What is the main concern of the job characteristics model?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd