Which statement is true regarding the cash basis of accounting? a. expenses are reported in the same period as the revenues to which they relate. b. revenues are reported in the period in which cash is received, and expenses are reported when cash is paid out. c. the cash basis of accounting is used by most large businesses to provide accurate financial statements for users. d. revenues are reported in the period in which a service has been performed or a product has been delivered.

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?