which relationship between revenue and expense recognition is implied in the matching principle?
Answers
The matching principle requires that revenue and expenses be recognized in the same accounting period in which they are incurred. This means that any expenses related to earning revenue should be recognized in the same period as the revenue itself.
In other words, the relationship between revenue and expense recognition implied by the matching principle is that expenses should be matched to the revenue they helped to generate. This ensures that the financial statements accurately reflect the financial performance of the company over a specific period of time.
In summary, the matching principle requires that expenses should be recognized in the same period as the revenue they helped to generate in order to accurately reflect the financial performance of the company.
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Related Questions
If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
Answers
Answer: countries would purchase microchips from japan because they are cheaper
Explanation:
Answer:
C countries with purchase microchips from Japan because they are cheaper.
Explanation: USATestprep
•Interpret image above using one word_ • Discuss your unique one word
Answers
social construction it could also be used to say something regarding money
How does your job describe your personality?
Answers
Answer:
This depends on what job you have say if your an Artist then your creative.
Explanation:
Whats the number to 911?
Answers
i dont know, it could really be any thing tbh
Risks are prioritized based on Group of answer choices the priorities set in a different project. the gut feeling of the project team. the likelihood of occurrence and degree of impact. the order they are identified.
Answers
When prioritizing risks, it is important to consider the priorities set in a different project, as well as the gut feeling of the project team.
However, the most critical factors to consider are the likelihood of occurrence and the degree of impact. These two factors should be the primary drivers in determining the order of risk identification and prioritization. It is important to assess each risk individually and objectively, without bias, in order to accurately determine the level of risk and prioritize accordingly.This means that risks with a higher probability of happening and a greater potential to affect the project are given more priority than those with a lower likelihood and lesser impact. This prioritization helps project teams focus on addressing the most critical risks first and allocate resources more effectively.
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What factors should be considered when selecting a base to be used in calculating the predetermined overhead rate? Explain with examples
Answers
The factor to be considered are to use a measure of activity that reflects the activity's main constituents, such as labor hours as opposed to machine hours.
Setting up a fixed overhead rate for your company might give you a tool to help keep costs in line with volumes of sales and production. When it's time to analyze spending and, consequently, safeguard your profit margins, monitoring a clearly defined rate gives you a rapid alert.
At the beginning of the accounting period, a predetermined overhead rate is determined by dividing the predicted manufacturing overhead by the anticipated activity base. To make it easier to calculate a product's standard cost, the predetermined overhead rate is then applied to production.
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During the interview process with both companies, Justin learns something about a new product that Big Box Co. Is producing that will directly compete with Hope Springs. Because Justin learned about the ethics of and what is unethical, he will not share this information during his interview with Hope Springs.
Answers
Answer:
Ethics of Competition
Explanation:
Justin Justin learned about the ethics of competition, which implies that he does not disclose what he knows even if it is not in favour of Hope Springs because competition allows for such concealment of information.
Remember, a major facet of the"ethics of competition" is that it allows for freedom, so Big Box Co. has the freedom to produce any new product that would give her greater advantages.
Ethics in the organization have an important role in the marketing of the organization and the employee's ethics are responsible for the company's work. The organization's ethics helps in evaluating the stake of the company in the market.
The ethics learned by Justin helps him maintain the principle of both the companies. The sharing of information from Justin's end will deteriorate his employee's ethics, and his chances of being selected for the company's position may reduce.
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what are the main issues the superintendent must be concerned with when trying to manage construction operations.
Answers
The main issues the superintendent must be concerned with when trying to manage construction operations are safety, quality, budget, time, communication, and coordination.
The superintendent overseeing a construction project must be concerned with several key issues to effectively manage the construction operations. These issues include:
Safety - Ensuring the safety of workers and the public is a top priority for any construction project. The superintendent must make sure that all safety protocols are in place and that workers are trained to follow them. Quality - The superintendent must ensure that all construction work is of high quality and meets the project specifications. This includes ensuring that the materials used are of the highest quality and that workmanship is up to standards.Budget - The superintendent must manage the project budget carefully, ensuring that costs are kept under control and that the project is completed within the allotted budget.Time - The superintendent must manage the construction schedule carefully, ensuring that work is completed on time and that deadlines are met.Communication - Effective communication is critical for the success of any construction project. The superintendent must ensure that all stakeholders are kept informed of project progress and that any issues are addressed promptly.Coordination - The superintendent must coordinate the work of all parties involved in the construction project, including contractors, subcontractors, suppliers, and other stakeholders.Overall, the superintendent must be a skilled manager and leader, capable of managing all aspects of the construction project effectively to ensure its success.
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Suppose that over time, households used flash sale online retailers at an increasing rate. As a result the CPI is likely to be
overestimated because households would buy products at lower prices than those collected by the U.S. Bureau of Labor Statistics
Answers
'Suppose that over time, households used flash sale online retailers at an increasing rate. As a result the CPI is likely to be overestimated because households would buy products at lower prices than those collected by the U.S. Bureau of Labor Statistics.
The Bureau of Labor Statistics is a division of the U.S. Department of Labor. It is the primary research agency of the United States government in the broad field of labor economics and statistics and serves as the principal agency of the United States Federal Statistical System.
The Bureau of Labor Statistics measures labor market activity, working conditions, price volatility, and productivity in the United States economy to support public and private decision-making.
The labor force is the sum of the employed and the unemployed, and the unemployment rate is the number of unemployed divided by the number of employed. An employee is a person who works at least one hour for her wages or for her own company at any time of the week, including his 12th day of the month.
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What does the business entity principle primarily prevent?
Answers
Answer:
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. Doing so requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or the owner.
Answer:
The business entity principle states that the business and its owner are two separate entities in the eyes of the law. Therefore, their respective investments, withdrawals, income, expenses, profits, and losses should also go into separate accounts. The business accounts should never include the owner’s personal transactions because this might lead to ambiguous accounting information. Thus, the business entity principle primarily prevents a distorted view of the financial condition of the business. It helps in getting a clear understanding of how well the business is actually doing.
Explanation:
sample response given when you check your work
make a list of your resources
Answers
Answer:
water, air, wood, fire. is that what ur looking for
Explanation:
Which economic goal does this exchange at an outdoor food stand best represent?.
Answers
The exchange of goods or services in a traditional market economy is based on supply and demand. Since consumers are free to buy what they want, it creates a competitive market that drives down prices, which is one of the main objectives of a market economy.
The economic goal that this exchange at an outdoor food stand best represents is the goal of efficiency. The exchange occurs when there is a supply of goods, in this case, food items that are brought to the food stand, which is then traded for money. This implies that the food items were efficiently produced, and the vendor is also efficient in his operation since he can provide what the consumers want while earning a profit.
A market economy promotes efficiency as the key goal for businesses and individuals alike. By producing high-quality goods and services efficiently, it helps drive economic growth and reduces the costs of production. It also encourages businesses to improve their products and production methods continuously, which ultimately benefits the consumers. Thus, this exchange at an outdoor food stand is a perfect example of the efficiency of a market economy.
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Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year:
Total assets $ 590,000
Total non current assets 350,000
Liabilities:
Notes payable (8%, due in 5 years) 23,000
Accounts payable 55,000
Income taxes payable 11,000
Liability for withholding taxes 4,000
Rent revenue collected in advance 9,000
Bonds payable (due in 15 years) 105,000
Wages payable 9,000
Property taxes payable 5,000
Note payable (10%, due in 6 months) 14,000
Interest payable 600
Common stock 180,000
Required:
1-a. What is the amount of current liabilities?
1-b. Compute working capital.
2. Would your computation be different if the company reported $300,000 worth of contingent liabilities in the notes to its financial statements?
Answers
1-a. The amount of current liabilities is $99,600.
1-b. The working capital is $140,400.
To calculate current liabilities, add Accounts payable, Income taxes payable, Liability for withholding taxes, Rent revenue collected in advance, Wages payable, Property taxes payable, Note payable (due in 6 months), and Interest payable: 55,000 + 11,000 + 4,000 + 9,000 + 9,000 + 5,000 + 14,000 + 600 = $99,600.
To compute working capital, subtract current liabilities from current assets (Total assets - Total non-current assets): 590,000 - 350,000 = $240,000 (current assets). Then, subtract current liabilities: 240,000 - 99,600 = $140,400.
2. No, the computation would not be different, as contingent liabilities are not recognized in the balance sheet but disclosed in the notes to the financial statements.
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what are three types of pricing associated with business products?
Answers
Answer:
geographic pricing, transfer pricing, and discounting.
Explanation:
internet.
Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent. The four-firm concentration ratio for this industry is
Answers
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
To calculate the four-firm concentration ratio for Industry Y, we need to add up the market shares of the four largest firms.
The four largest firms in Industry Y hold market shares of 41, 21, 17, and 12 percent.
When we add these percentages together, we get:
41% + 21% + 17% + 12% = 91%
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
Therefore, the four-firm concentration ratio for Industry Y is 91%. This means that the four largest firms in the industry control 91% of the total market share.
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The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
C. Let yyour friends know how your job search is going
d. Obtain references from your network
Answers
Answer:
be called for an interview
The use of no-return payback period to make alternative selection decisions may result in selection of an alternative different from that selected by a PW or AW analysis. a. True b. False
Answers
"The use of no-return payback period to make alternative selection decisions may result in selection of an alternative different from that selected by a Present Worth (PW) or Annual Worth (AW) analysis," is a. True.
No-return payback period is focused on the time it takes for an investment to pay back its initial cost, without considering the time value of money. In contrast, PW and AW analyses consider the time value of money and generate different rankings for alternatives.
This difference in methods may lead to a different selection of alternatives between no-return payback period and PW or AW analyses.
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Which supporting detail would best fit in a paragraph about the economy of a utopia?
Answers
It is difficult to identify a specific supporting detail for a paragraph about the economy of a utopia, as the concept of a utopia is based on the idea of a perfect or ideal society, and therefore may not have the same economic structures and systems as those found in the real world.
What is Utopia?Numerous issues, including riches, power, slavery, and the roots of injustice, are presented in Utopia. Because there is no money or private property in Utopia, there is no greed, corruption, or power battles.
However, some possible supporting details that may be relevant to a paragraph about the economy of a utopia could include:
The lack of poverty and inequality in a utopia, as all members of society have access to basic needs and resources.The abundance of resources and sustainable economic practices in a utopia, which allow for the prosperity of all members of society.The elimination of traditional forms of currency and the implementation of alternative systems of exchange in a utopia, such as resource-based economies or gift economies.The emphasis on collaboration and cooperation rather than competition in a utopia, which allows for the fair distribution of resources and the achievement of common goals.Learn more about utopia here: https://brainly.com/question/5226964
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i can do stonks
stonks for ya
stonks for them
stonks for they
Answers
Explanation:
I wanna see you in action!!
Which career pathways involve high risk due to exposure to dangers?
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Answers
Answer:
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
Explanation:
The career pathways that involve high risk due to exposure to dangers is :
A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
"Career Pathways"The career pathways that involve high risk due to exposure to dangers is:
Firefighters in the Emergency
Firefighters too give an critical part in teaching the open with respect to fire and security.
Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.
Fire Management pathway
Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.
Crisis administration executives ordinarily require a bachelor's degree
Correctional Officers in the Corrections pathway
Corrections officers may do a few or all of the taking after:
supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.
Detention Officers in the Law Enforcement pathway.
A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.
A Career Pathway traces the positions, compensation, and preparing required to development in an industry.
Thus, the correct answer is A.
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Which employees typically work in an office environment within schools? Check all that apply.
School Psychologist
School Secretary
qInstructional Designer
Tutor
Librarian
Teacher
Answers
Answer:
B, E, F
Explanation:
The corporate staff in the accounting department at ABC Corporation went on 12-hour days during the holiday season, just like the regular retail employees do during that season. This is an example of a(n) _________ change.
Answers
Answer:
Adaptive
Explanation:
Adaptive change is online that requires participants to learn a new behaviour in order to better define problems and implement solutions.
It makes them more effective at a particular task and enables the group move to a higher level of performance.
In the given scenario the retail staff is already doing 12 hour days. So the corporate staff in the accounting department also do 12 hours days now.
This will enable them meet up the added volume of sales during the holiday season
Which person has the highest taxable income?
Person A: Earns $50,000 per year with $5,000 in deductions
Person B: Earns $60,000 per year with $10,000 in deductions
Person C: Earns $90,000 per year with $30,000 in deductions
Person D: Earns $100,000 per year with $60,000 in deductions
A. Person B
B. Person D
C. Person A
D. Person C
Answers
Answer:
D. Person C
Explanation:
Taxable income is the difference between the gross pay and all authorized deduction.
For person A : taxable income = $50,000 - $5000 = $45,000
For Person B: taxable income =$60,000 - $10,000 = $50,000
For Person C: taxable income= $90,000 - $30,000 = $60,000
For Person D: taxable income=$ 100,000 - $60,00= $40,000
Person C has the highest taxable income with $60,000
Answer: person c
Explanation:
a pe x
a negative gap between nearly always points to management and employees simply not getting the job done. this could be due to vague performance standards, poor training, or ineffective monitoring by management. a. management's perceptions of customer service expectations and actual customer expectations of service b. actual service quality specifications and actual service delivery c. perceived service by customers and actual customer expectations of service d. management's perception of customer service expectations and actual service quality specifications developed e. actual service delivery and what the firm communicates it delivers
Answers
Actual service quality specifications and actual service delivery his could be due to vague performance standards, poor training, or ineffective monitoring by management. So The correct answer is (b)
It could be due to a variety of factors, such as inadequate resources or technology, unexpected external factors, or changes in customer preferences. actual service quality specifications and actual service delivery. A negative gap in this context means that the actual service delivery falls short of the service quality specifications, indicating a potential quality control issue within the organization.
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In an advertisement, a statement by a user about the benefits he or she received is called a _____.
A.testimonial
B.storyboard
C.unique selling proposition
D.visual element
Answers
Answer:
A. Testimonial
Explanation:
A testimonial typically refers to the the experience a person has with the product or service. It usually contains positives, but also can have negatives as well.
~
Answer:
Testimonial
Explanation:
What could happen when requesting an interview if a job applicant hadn't prepared a 30-
Second Commercial?
Answers
Something is considered a business primarily based on:
Something is considered a business primarily based on:
The functions the organization performs
The size of the office and/or staff
Having a hierarchical leadership structure
The amount of profit it generates
Question at position 2
2
1 point
Question at position 2
A business is a registered company that exchanges goods or services for money
A business is a registered company that exchanges goods or services for money
True
False
Question at position 3
3
1 point
Question at position 3
The finance team is not responsible for the overall strategy and direction of the company money.
The finance team is not responsible for the overall strategy and direction of the company money.
True
False
Question at position 4
4
1 point
Question at position 4
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
Marketing
Finance
Accounting
Sales
Question at position 5
5
1 point
Question at position 5
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
marketing; accounting
human resources; finances
management; human resources
finance; accounting
Answers
When two or more parties exchange products and services without using cash, this is known as bartering. Thus, the option is false.
What are the features of barter system?A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.
A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade. It predates the creation of actual hard cash and is the world's oldest form of trade.
Because they lack the funds or credit to purchase those items, businesses may desire to trade their goods for other goods. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
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If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00 B. The firm hires 45 workers and earns a $1200.00 Economic Profit C. The firm hires 55 workers earns a $975.00 Economic Profit D. The firm hires 40 workers and earns a $1200.00 Economic Profit
Answers
Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
what fios tv package includes a hd stb and the dvr service credit?
Answers
The Fios TV Test Drive package used to include an HD STB and DVR service credit, it's important for customers to verify the current package offerings and pricing with Verizon.
One package that included an HD STB and DVR service credit was the Fios TV Test Drive package. This package was designed to give customers a taste of the Fios TV experience and included over 425 channels, including 75+ HD channels.
It also included an HD set-top box for one TV and a credit for DVR service. However, it's important to note that Fios TV packages and offerings are subject to change over time.
Customers should check with Verizon to find out the most up-to-date information on available packages and features, as well as pricing options and any applicable terms and conditions.
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A savings account is an example of a
.
Real estate is an example of a
.
A US savings bond is an example of a
.
A 401(k) account is an example of a
.
Answers
A savings account is an example of a financial instrument. Real estate is an example of a tangible asset. A US savings bond is an example of a government-issued debt instrument. A 401(k) account is an example of a retirement savings plan.
A savings account is an example of a financial instrument. It is a type of bank account where individuals can deposit and store their money while earning interest on their savings. Savings accounts are typically provided by banks and credit unions and offer a low-risk way to save money. They are considered liquid assets, meaning the funds can be easily accessed when needed. The interest earned on a savings account is usually lower compared to other investment options, but it provides a secure place to hold funds for short-term financial goals, emergencies, or as a part of an overall financial strategy.
Real estate is an example of a tangible asset. It refers to property consisting of land and any structures built on it, including residential, commercial, or industrial buildings. Real estate is a valuable and tangible asset class that can appreciate in value over time. It can be owned by individuals, businesses, or even governments. Real estate can be purchased for personal use, such as a home, or for investment purposes, such as rental properties or commercial buildings. Investing in real estate offers the potential for long-term capital appreciation, rental income, and tax benefits.
A US savings bond is an example of a government-issued debt instrument. It is a low-risk investment option offered by the US Department of the Treasury. When individuals purchase a savings bond, they are essentially loaning money to the US government. Savings bonds come in different types, such as Series EE bonds and Series I bonds, and they have a fixed interest rate and a predetermined maturity period. They are considered safe investments because they are backed by the full faith and credit of the US government. Savings bonds provide a way for individuals to save money and earn interest while supporting government borrowing for various purposes, such as funding public projects or programs.
A 401(k) account is an example of a retirement savings plan. It is a tax-advantaged investment account offered by employers in the United States. Employees can contribute a portion of their pre-tax income to a 401(k) account, and these contributions are invested in a selection of investment options such as mutual funds, stocks, or bonds. One of the key benefits of a 401(k) account is that the contributions and any investment gains are tax-deferred until withdrawal, allowing individuals to potentially grow their retirement savings faster. Additionally, many employers offer a matching contribution, where they contribute a certain percentage of the employee's salary to the 401(k) account. 401(k) accounts are designed to help individuals save for retirement and provide a way to build a nest egg for the future. Withdrawals from a 401(k) account are typically subject to income tax and may be subject to penalties if taken before a certain age.
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