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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:

3 0

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

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.

Learn more about the matching principle here:

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A financial institution that accepts deposits, makes loans, and provides other

Pepsi [2]

Answer:

B. depository institution.

Explanation:

Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.

Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.

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3 years ago

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Carmela was promoted to a management position at work but was not fully prepared for the number of new responsibilities in the n

Sophie [7]

Answer:

EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO A TEMPORARY SITUATION.

Explanation:

Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgment.

Explanatory style is the characteristic, habitual way individuals explain the causes of good and bad events they experience.

Stressful events can either be good or bad. People may attribute stressful events to factors that are either temporary or permanent and specific or universal.

Carmela's thought means she is explaining her stressful work (event) by attributing it to a temporary situation since she thinks she will get the hang of it in a few months.

Therefore, an example of the explanatory style is EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO TEMPORARY EVENTS.

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3 years ago

Ann is considering the purchase of a life insurance policy with these characteristics: flexible premium payments; the insurance

satela [25.4K]

Answer:

C) universal life insurance

Explanation:

According to my research on different life insurance specifications, I can say that based on the information provided within the question Ann is considering buying a universal life insurance policy or UL. This is a policy in which the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. Which is what Ann seems to be investigating.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago

Simplify the expression 2\5(5k+35)8

Grace [21]

2/5(40k)8 that's your answer. I'm in 8th grade iTS NOT HE RIGHT ANSWER I GUESSED

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4 years ago

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Louis Petit, a manager of Doggone Gorgeous, Inc., was reviewing the water bills of a dog daycare and spa. He determined that its

Sergeeva-Olga [200]

Answer:

Fixed cost = $1100

Explanation:

given data

Highest bill = $3,800

lowest bills = $2,000

dog washed in May = 600

dog washed in November = 200

to find out

fixed cost associated with the company's water bill

solution

first we get here variable cost that is express as

variable cost = (Highest bill - Lowest bill) ÷ ( Dogs washed may - Dogs washed November ) ...........1

put here value we get

variable cost = $\frac{3800-2000}{600-200}$

variable cost = $4.5 per dog

so fixed cost will be here as

Fixed cost = Total cost to wash 600 dogs - Variable cost to wash 600 dogs

Fixed cost = $3800 - $4.5 × 600 dogs

Fixed cost = $3800 - $2700

Fixed cost = $1100

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3 years ago