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2 years ago

which accounting concept applies when expenses are reported in the same fiscal period that they are used to produce revenue?

1 answer:

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The accounting concept that applies when expenses are reported in the same fiscal period that they are used to produce revenue is the matching principle.

The matching principle is a basic principle of accounting that states that expenses should be reported in the same period as the revenue they are used to generate. This means that expenses should be recorded and reported in the same fiscal period in which the related revenue is earned. The matching principle is based on the idea that the financial performance and position of a business should be accurately reflected in its financial statements, and that expenses should be matched with the revenue they help to generate in order to provide a more accurate picture of the business's financial health.

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2 years ago

Laura, a sales manager at Dexter Inc., claims that labor and management are rivals for most organizations. Brooke, the HR manage

Afina-wow [57]

Answer:

Dexter Inc.

The statement that best supports Brooke's perspective is:

Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams.

Explanation:

When labor and management act as rivals or adversaries, it does not benefit their organizations. They should find common grounds for cooperation. Organizations should involve their employees in more decision-making. Despite their incongruent goals, unions and management should find win-win solutions. Paying employees a living wage does not impoverish the organization. On the contrary, everybody is greatly enriched.

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4 years ago

Gugenheim, Inc., has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The yield to maturity is 7.6 perc

Oliga [24]

Answer:

Price of the bond is $1,757

Explanation:

Coupon payment = 2000 x 6.4% = $128 annually

Number of periods = n = 20 years

Yield to maturity = 7.6% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $128 x [ ( 1 - ( 1 + 7.6% )^-20 ) / 7.6% ] + [ 2,000 / ( 1 + 7.6% )^20 ]

Price of the Bond = $128 x [ ( 1 - ( 1.076 )^-20 ) / 0.076 ] + [ 2,000 / ( 1.076 )^20 ]

Price of the Bond = $1295.03 + $462.15

Price of the Bond = $1,757.18

5 0

3 years ago

A bank reconciliation should be prepared a. to explain any difference between the company's balance per books with the balance p

Rasek [7]

Answer:

Explanation:

A bank reconciliation refers to the balancing the company's accounting records (the books) in regards to the cash accounts of that company, with the information from the bank statements that they have. Based on this information, it can be said that A bank reconciliation should be prepared to explain any difference between the depositor's balance per books with the balance per bank. Otherwise these inconsistencies may be considered as fraud.

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3 years ago

Gail Griffith, manager of the finance division, distributes relevant information every day to all her employees, enabling them t

cestrela7 [59]

The complete question should be:

Gail Griffith, manager of the finance division, distributes relevant information every day to all her employees, enabling them to make quality decisions. Gail is performing which of the following roles?

A.) Monitor Role.

B.) Disseminator Role.

C.) Spokesperson Role.

D.) Disturbance handler Role.

E.) Figurehead Role.

Answer: Disseminator Role.

Explanation:

Gail Griffith in performing in distributing relevant information to her employees about the job for the day is performing a dissemination role. The dissemination role is a role carried out by an individual, where the individual spreads useful to members of a team/organization to enable their efficient functioning.

8 0

3 years ago