When a new strain of the flu spreads across the country, Joshua, the owner of a small drugstore, decides to stock extra inventory of cold and flu medications. Lacking sufficient capital to purchase the extra inventory, Joshua asked the bank to help. The bank promised to lend a predetermined sum of money on demand. Which of the following sources of funding does this scenario best illustrate?

Answers

Answer 1

If  Joshua asked the bank to help. The bank promised to lend a predetermined sum of money on demand. The sources of funding this scenario best illustrate is: venture capital.


What is venture capital?

Venture capital can be defined as the process in which a financial institution tend to give out loans to small business owners  that have potentials of making it big so as to enables the business to succeed or to grow higher.

Based on the scenario the funding tend to represent venture capital because Joshua is a small business owner that lack sufficient capital.

Therefore If the bank promised to lend a predetermined sum of money on demand. The sources of funding this scenario best illustrate is: venture capital.

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The complete question is:

When a new strain of the flu spreads across the country, Joshua, the owner of a small drugstore, decides to stock extra inventory of cold and flu medications. Lacking sufficient capital to purchase the extra inventory, Joshua asked the bank to help. The bank promised to lend a predetermined sum of money on demand. Which of the following sources of funding does this scenario best illustrate?

trade credit

initial public offering

venture capital

equity financing

line of credit


Related Questions

The workload of the five employees has been divided up between you and a fellow employee. Your fellow employee is very upset about this because now they must take on more work and not get a pay raise. This employee wants you to join them and fight your boss together for more money. You don't feel comfortable doing this because you love your job. You would like to make more money, but you do not want to upset anyone and lose your position. On top of this situation, there is a big project that needs to be completed in three days!

Answers

In the given situation, an individual must follow the Honest and Ethical Conduct. Honest conduct is a conduct free from fraud or any deception while Ethical conduct refers to handling real or apparent battles between personal and professional relationships.

What is the significance of Honest and Ethical conduct?

Honesty is the basis for maintaining integrity. It is the base of trust and trustworthiness. Being loyal and honest is very important in an organization as it is a foundation of any relationship.

Ethical Conduct means conducting yourself with others that includes your peers, employees, clients, public etc. and others using the principles of integrity, fairness, and good-faith.

Basically, honesty and ethical conduct is very essential for a person as it can increase employee performance and job satisfaction.

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Instruction Active
Identifying Components of a Formula
What are the components that could be used in a mathematical formula? Check all that apply.
Ovariable
expression
value
operator
result

Answers

variable, expression, operator, and result are the components that could be used in a mathematical formula.

Means of expression transform what is expressed by conveying it. From the Cambridge English Corpus. There would have been two possible means of expressing this recognition in orthography.

An English phrase, also commonly called an expression, is a word or phrase that conveys a certain meaning when used in a certain way. Expressions take many forms. For example, collocations, common phrases, and verbs with idioms and phrases. An example definition is a commonly used word or phrase or a way of conveying an idea, feeling, or feeling. An example of an expression is the phrase "a dime saved is a dime earned". An example of a facial expression is a smile.

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Todd knows that he wants to work in hospitality and tourism, but he isn’t sure that he wants to attend college. Compare and contrast the education or training and certifications needed for several different careers in the hospitality and tourism industry that could help Todd decide what his next steps are.

Answers

Most people in Hospitality and Tourism careers get success with secondary education only as they receive on-job training to learn what they need to know. Therefore, Todd shall have to attend college.

What is a Hospitality and Tourism career?

Hospitality and Tourism career jobs involve providing planning, management, food, recreation, travel, and similar services. These jobs provide higher monetary perks.

No minimum education is required to get a job in a hospitality and tourism career. This industry values experience more than education.

People are more likely to get success in hospitality and tourism as they learn and update themselves while doing the job. On-job training is an essential advantage of these careers.

Therefore, Todd should take the above-mentioned steps to work in hospitality and tourism. Hence, Todd shall have to attend college.

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HELP ME PLEASE PLEASE

Answers

Answer:

Purchasing agent, even though I don't know

Explanation:

I agreed I think it’s the purchasing agent

you plan to withdraw $1500 annually from an account at the beginning of each of the next 10 years. If the account pays 8% annually, what must you depo…

Answers

The amount to deposit now (present value) to withdraw $1,500 annually for the next 10 years at 8% annually is $10,065.12.

What is the present value?

The present value is the discounted value of periodic payments or withdrawals.

The present value can be computed using the present value factor, table, or formula.

We can compute the present value using an online finance calculator as follows.

Data and Calculations:

N (# of periods) = 10 years

I/Y (Interest per year) = 8%

PMT (Periodic Withdrawal) = $1,500

FV (Future Value) = $0

Results:

PV (Deposit) = $10,065.12

Sum of all periodic withdrawals = $15,000 ($1,500 x 10)

Total Interest $4,934.88

Thus, the amount to deposit now (present value) to withdraw $1,500 annually for the next 10 years at 8% annually is $10,065.12.

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Economic decision making is the process of choosing _____
a. how to use your income.
b. which needs and wants will be satisfied.
c. whether to buy products now or later.
d. how to spend your time.

Answers

The process of deciding which requirements and wants will be satisfied is known as economic decision-making.

Economic decisions are made in order to accomplish a number of objectives. Despite their differences, all economic decisions share the same trait: they all contain rewards and costs. Decision-makers are interested in figuring out how much they must sacrifice or yield in order to get something else that is thought to be better (benefit). Benefits are everything that is received that is seen advantageous or for the good of a person or thing, whereas sacrifices are anything that is given up or the using up of something cherished or valuable. As a result, whatever given or received, including in each case missed possibilities, is regarded as a sacrifice or benefit.

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The accountant for Healthy Life Company, a medical services consulting firm, mistakenly omitted adjusting entries for (a) unearned revenue earned during the year ($34,900) and (b) accrued wages ($12,770). Indicate the effect of each error, considered individually, on the income statement for the current year ended July 31. Also indicate the effect of each error on the July 31 balance sheet.

Answers

If the accountant for Healthy Life Company, a medical services consulting firm, mistakenly omitted adjusting entries for  unearned revenue earned during the year ($34,900) and accrued wages ($12,770).  the effect of each error is:

                   Overstated  Understated  Overstated Understated

1. Revenue for the year would be  $0    $34,900   $0              $0

2. Expenses for the year would be $0      $0           $0              $12,770

3. Net income for the year would be $0     $34,900  $12,770      $0

4. Assets on July 31 would be           $0           $0       $0                $0

5. Liabilities on July 31 would be $34,990     $0            $0         $12,770

6. Owner's equity on July 31 would be $0   $34,990    $12,770      $0

What is revenue and expenses?

Revenue can be defined as the money generated by a company at a particular period of time.

Expenses or expenditure on the other hand can be defined as the money spent by a company at a particular period of time.

Therefore the effect of each error is: Revenue for the year would be  $0, $34,900, $0, $0.

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a criticism of the bureaucratic approach to management is that

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A criticism of the bureaucratic approach to management is that the focus is only on regulations, and communication and coordination can be hampered by delays due to formality.

What is a bureaucratic organization?

It corresponds to a management style where formality is prioritized in all organizational processes, maintaining a more rigid and inflexible command fall, where there is a systematic structuring based on the application and control over organizational rules and procedures.

In a bureaucratic organization, there is less flexibility in decision-making, greater hierarchy of functions and processes and greater rigidity in total management.

Therefore, despite being a positive management system for some institutions, such as governmental ones, where there is a need for greater control, the bureaucratic organization has as cons the excess of rules that can generate some delays in other processes and contain innovation.

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In March 2017, in the economy of Essay Island, 99,066 people were employed, 1,060 were unemployed and 48,473 were not in the labour force. During April 2017, 73 people lost their jobs and didn’t look for new ones. 699 people quit their jobs and retired, 106 unemployed people were hired, 3,150 people entered the labour force to look for work of which half of them had jobs. a. Calculate for March 2017 i. The unemployment rate ii. The employment-to-population ratio b. And calculate for the end of April 2017 i. The number of people unemployed ii. The number of people employed

Answers

39% of people of working age around the world were unemployed in 2018. That is to say, more than a third of the world's population of working age was unemployed.

People who are neither employed or looking for work are not part of the labour force. People in this group include individuals who are retired, enrolled in school, caring for children or other family members, as well as people who are neither employed nor looking for work.

Divide the labour force by the population to determine the labour force participation rate. To get the participation rate in the labour force, convert that decimal to a percentage. Example: In 2018, the United States' labour force participation rate was 62.6%.

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In order for the economy to be strong, individuals must

Answers

In order for the economy to be strong, individuals must option  D. Provide Labor And Buy Good.

What is an  economy that is strong?

This is known to be a robust economy and a healthy economy. A strong economy first and foremost tells about or show a rapid economic expansion.

This denotes an increase in economic output, which will result in greater average incomes, increased output, and increased spending as well as minimal and steady inflation.

Therefore, based on the above, In order for the economy to be strong, individuals must option  D. Provide Labor And Buy Good.

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In order for the economy to be strong, individuals must a. produce goods and pay workers b. provide labor and pay workers c. produce goods and buy goods d. provide labor and buy goods.

In a survey of large, well-known businesses, respondents said over one-fourth of positions are filled with people who already work for the company and accept a promotion or transfer. As companies have begun to grow again, the greater demand for talent requires more external recruiting.

1. What are the benefits of filling a position with an internal source? What are the limitations?

Suppose an organization expects a labor shortage to develop in key job areas over the next few years. Recommend general responses the organization could make in each of the following areas:

Recruitment
Training
Compensation (pay and employee benefits)

Answers

There are several advantages to filling vacancies internally. One benefit is that it maintains a high level of morale among employees by demonstrating that those at all levels and in all departments have the chance to advance within the organization. This serves as additional motivation for workers to perform well and maintain a positive outlook in order to maintain good relations with their superiors. Additionally, it gives individuals who perform very well the chance to develop, possibly increase their income, take on more responsibility, and contribute in a different way to the success of the business. On the other hand, if a business simply promotes from inside, no fresh talent is brought in. There was no innovation, no growth in knowledge, and no future development for the business.

Recruitment : Start hiring in certain regions to increase the number of workers prepared to fill the current shortage.

Training : Providing training for current employees to work in these important job sectors would have prepared them for these positions.

Compensation: Be prepared to offer enhanced perks and pay to those in those roles; this will encourage current workers and potential new hires to stay longer.

The percentage of all available units that are vacant or unoccupied at a given time in a rental property, like a hotel or apartment building, is known as the vacancy rate. The percentage of vacant units in a rental property is known as the occupancy rate; the inverse of this is the vacancy rate. A property that has a high vacancy rate is not likely to rent well, but one with a low vacancy rate may have healthy rental sales. Vacancy rates are useful for analyzing the real estate market as well as the labor market. Property owners should pay close attention to vacancy rates because they can use them to gauge how well their properties are performing relative to other properties in the neighborhood.

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Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and flashlights. However, within a couple of days, special deliveries brought in extra batteries and flashlights, and everyone who wanted to buy a flashlight or batteries was able to do so.

Answers

Hardware stores ran out of batteries and flashlights immediately following an ice storm that took down power lines across the area. But within a few days, special deliveries brought in extra batteries and flashlights, allowing everyone who wanted to purchase either to do so. This situation is best described by the idea that markets allocate things efficiently.

A winter storm that produces freezing rain is an ice storm, often referred to as a glazing event or a silver storm. An ice storm, according to the U.S. National Weather Service, is one that leaves at least 0.25 inches (6.4 mm) of ice on exposed surfaces. The majority of the time, they are considered to be light rainstorms that happen at temperatures slightly below freezing rather than intense storms. Overlying a layer of air with temperatures below freezing and closer to the surface is where ice first forms. In the warm air layer, frozen precipitation melts to rain before starting to refreeze in the cold layer below. While remaining in the atmosphere, the precipitate will refreeze, causing.

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f I caught an employee stealing supplies worth any amount, I would report it to management. Not only is stealing morally wrong, but it's important to be able to trust the people you work with. An employee stealing is a sign of that person not being trust-worthy, and if I did not report it then not only would I be somewhat responsible, but also privy to whatever consequences come about when or if that person were to get caught and reprimanded.

I think there's a difference between a person intentionally stealing supplies versus accidentally taking something home with them. That being said, I don't think it would be worth the cost of training if the training were specifically geared toward low-cost theft. There are numerous trainings out there that cover theft, and they mention the low-cost items in them as well. This type of training would be more beneficial than a training specifically geared toward low-cost theft.

Answers

You answered your own quistion =-)

draw T-Account for the following Transaction.
(a) We pay a creditor £70 in cash​
(b) Bought fixtures £200 Paying by cheque

Answers

The T-Account for the transaction (a):

Creditor account To cash a/c   ∑ 70

Cash account By Creditor a/c  ∑70

                                                 

The T-Account for the transaction (b):

Fixture account  To bank a/c  ∑200

Bank account By  Fixture a/c  ∑200

                                             

How this T account entries has been passed?

A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. T-account is a process of assembling the information for the current assets which has two sides. So first we need to pass the journal entries.

So journal entry for the transaction (a):

Account payable A/c .........Dr.         ∑ 70

               To Cash A/c.........Cr.         ∑ 70

Journal entry for the transaction (b):

Fixture A/c....................Dr.                 ∑ 200

         To Bank A/c......Cr.                  ∑ 200

According to the above journal entries the T account has been made.

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A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.

What is Credit account?A credit card is a type of payment card that allows the cardholder to pay a merchant for goods and services based on the cardholder's accumulated debt. A credit balance on your billing statement is an amount owed to you by the card issuer. When you return something purchased with your credit card, you may be given a credit. Mortgages, auto loans, personal loans, and student loans are all examples of installment credit accounts. Revolving credit accounts allow you to repeatedly borrow and repay funds from a single line of credit up to a predetermined limit.

Therefore,

The T-Account for the transaction (a):

Creditor account To cash a/c     ∑ 70                

Cash account   By Creditor a/c    ∑70

The T-Account for the transaction (b):

Fixture account   To bank a/c     ∑200

Bank account  By  Fixture a/c  ∑200

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Why do economists study firms and government?

Answers

because ecnomics uses scientific methods to understand how scarce resources are exchanged within society.

Explanation:

hope this is right and useful to u

thank you

For a line graph, removing which of the following items would create the cleanest look?

Answers

Gridlines. should be removed to achieve the clearest appearance for a line graph.

In mathematics, and more specifically in graph theory, a graph is a structure that essentially consists of a set of objects, some of which are paired together to form "related" objects. The connected pairs of vertices are known as edges, and the objects correspond to mathematical abstractions known as vertices (also known as nodes or points) (also called link or line).  A graph is typically shown diagrammatically as a collection of dots or circles for the vertices connected by lines or curves for the edges. Among the topics covered by discrete mathematics are graphs. Edges could be undirected or directed. For instance, if the edges connecting two people are connected by vertices that indicate attendees of a party, then.

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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST

GIVE A PROVE YOUR ANSWER

Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong. Prove it.

1. Environmental Scanning is a process of gathering, analyzing, and providing information for tactical or strategic purposes.

2. Environment refers to institutions and forces that affect organizational performance.

3. The firm must realize the importance of their suppliers that providethem with major inputs.

4. Competitive environment refers to specific groups of people with which the company/firm interacts.

5. The external environment offers strengths and weaknesses to business while the internal environment brings opportunities and threats.

6. The more power each of these competitive environment forces have, the more profitable the industry will be.

7. The firm's managers must be able to identify the varying needs of its customers and focus on creating customer value.

8. Strength is an unfavorable condition in the organization's environment causing damage to the organization.

9. The industry environment is considered as the firm's indirect environment.

10. Competitive environment forces have the power to influence the nature of the competition. ​

Answers

Analyzing the statements about the micro and macro organizational environment, we can make the following judgment:

TrueTrueTrueTrueFalseTrueTrueFalseFalseTrueWhat is the organizational environment?

It corresponds to the micro and macro environment that encompasses the entire organizational structure and directly compromises the success of the business.

The microenvironment is composed of the company's internal factors such as:

Internal policyCustomersProducts and serviceConsumersProviders

The macroenvironment factors correspond to factors external to the business, such as:

EconomyPolicyCulture

Therefore, it is essential that every company knows its micro and macro environment in depth, identifying the greatest strengths, weaknesses, opportunities and related threats to create value and positioning in the market.

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Joseph is typing a short story that he hopes to enter into a national writing contest. The guidelines from the contest explain that page numbers must be at the bottom middle of every page and the contestants full name must be in the top left of every page. Which of the following steps should Joseph take to add these formats to the layout of short story document?
Group of answer choices

Joseph should insert a header with the page number centered aligned and insert a footer with his full name aligned on the left.

Joseph should insert a footer with the page number centered aligned and insert a header with his full name aligned on the left.

Joseph should insert a footer with the page number and insert a header with his full name.

None of the above.

Answers

Answer:

B

Explanation:

The page number must be at the bottom, so you have to add a footer and align it to be centered, and your name is a header and left aligned to be at the top of the page

Answer:

Joseph should insert a footer with the page number and insert a header with his full name.

Explanation:

The reason is because his full name needs to be at the top and the be numbers needs to be at the bottom.

A business’ success depends on four key factors: financing, location, management, and _____.

Answers

A business’ success depends on four key factors: financing, location, management, and competition.

What is competition?

Competition can be defined as the way in which two or more people compete against each others when trying to achieve a goals which another person is equally trying to achieve.

A business that want to succeed must have goods source of finance to run the business. choosing a  location  very important, management is an essential part of a business that want to succeed  because bad management  or mismanagement can destroy a business.

Therefore A business’ success depends on four key factors: financing, location, management, and competition.

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what is paying divedends to stockholders do?

Answers

Dividends are paid out by companies as a strategy to reward present stockholders and lure in new ones.

Owners of one or more shares of a company's capital stock are referred to as stockholders or shareholders. As a result of being seen as distinct from the corporation, an investor is only partially liable for its debts. Common stockholder is a term used to describe a person who owns shares of common stock in a firm. The corporation's board of directors is chosen by the company's common investors, who also cast ballots on specific decisions like the company's merger with another corporation. When a business succeeds more and more, common stockholders typically benefit financially. Some businesses also issue preferred stock along with common stock. Preferred stockholders are the people who own shares of preferred stock.

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Y’all I need a know if this is correct PLEASE

Answers

Answer:

Correct.

Explanation:

Paint is made using other chemicals and products.

Cloth has to be manufactured in order to be used.

Nails, are made up of raw materials and other things.

Wood is straight from a tree, with no extra processing. This makes it a raw material.

Answer: yes it is correct

Explanation:

Why are most African countries finding it difficult to experience vast development as compared to the most countries in the north

Answers

The reason a lot of African countries are unable to experience vast development would be due to the wide spread corruption that is prevalent in Africa.

What is corruption?

This is the term that is used to refer to the way that people would abuse the government offices that they hold in such a way that they would steal the resources that are meant for the collective well being of the people and turn it to their personal resources.

African nations are fond of stealing money from government purses and leaving the issue of development uncared for.

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Financial institutions with a very leather reach, such as national banks, usually have less personal customer services than

Answers

Larger financial institutions can offer convenience, a large range of services, including mortgage loans and investment accounts, and more ATM access, even internationally.

What are financial institutions?Financial institutions, also known as banking institutions, are commercial organizations operating as middlemen for many financial monetary transactions.Long-term financing is offered by financial institutions, not by commercial banks.Even in times of depression, when other financial sources are unavailable, the monies are made available.What are the advantages of larger financial institutions over smaller ones?

Some advantages of larger financial institutions over smaller ones are:

The sheer coverage of a large bank is one of its most significant advantages. Branches are frequently found not only in a town or city but also all throughout the country.The fact that you won't have to switch bank accounts and account numbers even if you have to move is another benefit of using a larger bank.Large banks are quite advantageous for people who rent an apartment as well as those who must relocate for work.There are no extra charges included particularly when using ATM. It is more possible that you will also have superior ATM coverage supplied by that banking network since there are so many outlets dispersed over such a large area.

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The complete question is: "Financial institutions with a very large reach, such as national banks, usually have less personal customer service than smaller institutions like credit unions, and often have more complicated bureaucratic structures. Despite this, what are some advantages of larger financial institutions over smaller ones?"

Which are examples of job interview do's? Choose 4 answers.

Question 1 options:

Send the interviewer a thank you letter 2-3 days after the interview.


Brag about yourself.


Always ask questions.


Practice answering interview questions before the interview.


The first and last words should be those of gratitude.

Answers

Answer:

Send the interviewer a thank you letter 2-3 days after the interview.

Always ask questions.

Practice answering interview questions before the interview.

The first and last words should be those of gratitude.

Answer:

Send the interviewer a thank you letter 2-3 days after the interview.

Always ask questions.

Practice answering interview questions before the interview.

The first and last words should be those of gratitude.

Explanation:

PLEASE HELP!!
Advertising research indicates that some people are more influenced by advertising than others. Why do you think this is the case? What factors might influence whether advertising influences someone?

Answers

This can be the case in gen Z with the help of celebrity advertising. Gen Z is very handy with technology and constantly are on social media tracking their favorite celebrities, whether it be from a movie or TV Show, a musician, dancer or someone off of tiktok, etc. the factors of having social media at the tip of one’s fingers gives advertisement a whole new light and makes it so much easier for companies to get their product out to the younger generation

Which is a set of values that reflect the importance of discipline and hard work?
Choose the answer.
tolerance for ambiguity
confidence
Work ethic
independence

Answers

Answer:

I think the answer is c.work ethic

Answer:

Work ethic

Explanation:

Work ethic is a set of values based on discipline and hard work. It affects how you handle your responsibilities and how seriously you take your work. With a good work ethic, you're motivated and ready to be professional at school and then in the workplace

significance of the basic communication models

Answers

Answer:

Communication is the exchange of messages between a sender and a receiver via a medium. This is the basic communication model. The receiver's response or feedback is part of the model and consideration of the context(s) in which communication takes place is also important.

Explanation:

Question 3
Non-response bias occurs in ad-hoc mail surveys with which group of people?
O those with interest in the topic
O those with less education
O students
O men

Answers

The set of people is more likely to experience non-response bias in ad-hoc postal surveys:

O those who are interested in the subject

What does survey non-response bias entail?

Nonresponse bias is the propensity for a participant to choose not to complete your survey out of incapacity or unwillingness.

What constitutes a non-response bias example?

There are various causes of nonresponse bias, including: The survey's shoddy layout causes nonresponses. For instance, lengthy surveys without rewards may discourage a significant portion of respondents from participating. A certain demographic is more likely to participate in a poll than another.

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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST

YOU NEED TO PROVE YOUR ANSWER

Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.

3. Poor corporate image is a strength of the firm.

4. Money is the lifeblood of every business.

5. Customers are the king of the market.

6. Demographic aspects are the characteristics of the people in which the organization can be found.

7. Macro and micro environment are types of internal environment.

8. Technological includes the use of robots and online commerce.

9. Improper plans and policies help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place. ​​​​ ​​

Answers

3. False, because strong corporate image is a strength of the firm.

4. True

5. True

6. True

7. True

8. False, Technology-based systems manipulate materials, energy, information, or all four for a specific purpose.

9. False, An improper plan exposes the project to high risks and complications that weren't anticipated.

10. True

What is firm?A company that offers professional services is referred to as a firm. This can be a corporation, limited liability company (LLC), or partnership.Sole proprietorship are also examples of firms. A partnership is slightly more frequently linked to the phrase.The firms' primary duty is to provide goods. Firms do this by converting items into the goods and services that consumers want and need using the factors provided by households—land, labor, and capital.

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1. The accrual method of accounting (a) is used by most companies because it offers a
better picture of long-term profitability, (b) does not report expenses that have been
incurred but not yet paid, (c) must be used by businesses with sales of more than $10
million a year, (d) is more difficult and tedious to use than the cash method.

Answers

Answer:The accrual method of accounting (a) is used by most companies because it offers a

better picture of long-term profitability.

Explanation:Accrual accounting is a financial accounting method that allows a company to record revenue before receiving payment for goods or services sold and record expenses as they are incurred.

In other words, the revenue earned and expenses incurred are entered into the company's journal regardless of when money exchanges hands. Accrual accounting is usually compared to cash basis of accounting, which records revenue when the goods and services are actually paid for.

Learn more about accrual accounting and how it differs from the other popular accounting method, cash accounting.

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