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m_a_m_a [10]
3 years ago
7

The matching concept a. determines that expenses related to revenue be reported at the same time the revenue is reported b. addr

esses the relationship between the journal and the balance sheet c. determines whether the normal balance of an account is a debit or credit d. requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
Business
1 answer:
OLga [1]3 years ago
6 0

Answer:

The correct answer is letter "A": determines that expenses related to revenue be reported at the same time the revenue is reported.

Explanation:

According to the matching accounting principle, during the same accounting period, the revenues and expenditures needed to generate such revenues have to be recorded. This is part of the accrual accounting method that specifies expenses and revenue must be recorded when incurred not when cash is received.

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Work Survival skills include?
finlep [7]

Answer:d

Explanation: because it is in the work place survival skills manual

hope this helps

7 0
3 years ago
The assets (what a business owns), liabilities (what a business owes), and capital (how much a
Sati [7]

Answer:

balance sheet

Explanation:

Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.

8 0
3 years ago
2. Joe, a bartender, is typically “over” in his cash drawer by two or three dollars each shift. In the past, you have always tho
ZanzabumX [31]

Answer:

It will add up.

Explanation:

Money adds up very fast.

3 0
3 years ago
Colossal Beverages Company sells two​ products, A and B. Mist predicts that it will sell 2 comma 500 units of A and 2 comma 000
REY [17]

Answer:

=$4.07 unit

Explanation:

<em>Weighted average contribution margin is applicable where a business sells more than one product in a constant mix or proportion. It gives an idea of how much is made on the average as contribution from th sale of a unit.</em>

It is determined as follows

Step 1

<em>Total contribution from a mix and total units</em>

<em>Total contribution from a mix</em>=(2500 × $3.50) + (2,000 × $4.80)

=$18,350

<em>Total units in a mix</em> = 2,500+ 2,000 = 4,500 units

Step 2

<em>weighted average unit contribution</em>

=$18,350/4,500units

=$4.07 unit

4 0
4 years ago
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
algol13

Answer:

If a shortage exists in the pizza market, then the current price must be <u>HIGHER</u> than the equilibrium price. For the market to reach equilibrium, you would expect <u>BUYERS TO OFFER HIGHER PRICES</u> persistent excess demand.

Explanation:

The market for pizzas is unregulated, there is no law that establishes the minimum or maximum price of a slice.

A sudden decrease in the quantity supplied of a product or service will shift the supply curve to the left causing a shortage. The only way a shortage is eliminated is through an increase in the price of the good or service. That will increase the equilibrium price, which in turn should increase the quantity supplied.

6 0
4 years ago
Read 2 more answers
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