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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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Which option identifies the type of budget development represented in the following scenario?
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Answer:top approach

Explanation:

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2 years ago
Which of the following is a reason that single sourcing is considered risky/bad?a. Larger orders make quantity discounts more li
Alinara [238K]

Answer:

The correct answer is letter "B": There could be supplier interruptions due to political instability.

Explanation:

Single sourcing refers to a company deciding to choose one particular supplier -even if there are many options from where to select- because of a specific reason. The greater disadvantage of this situation is relying on one supplier for the manufacturing process which at a certain point could bring <em>instability </em>in front of different issues inherent or not to the supplier.

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3 years ago
LPM’s weighted average cost of capital (WACC) is 13 percent if the firm does not have to issue new common equity; if new common
erica [24]

Answer:

Projects D and E should be purchased.

Explanation:

since the firm's capital structure is 60% debt and 40% equity, it can pursue up to 2 projects. Only projects D, E and F have an internal rate of return higher than the company's WACC, so project G is discarded immediately.

Since projects D and E have a higher IRR, they should be selected.

  • project D: $70,000, IRR = 18%, debt = $42,000, equity = $28,000
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6 0
3 years ago
A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in
mr_godi [17]

Answer:

A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in  order to best serve clients?keep the house clean and private

Explanation:

Psychology is a branch of medicine that deals with mental health services and counselling to help assess and improve a patient's mental health state. In the recent past, mental health has become a major concern since it is very important in our social and personal life. Mental health affects how we feel, think and react to various situations in the environment. More people are taking mental health very serious as more people seek the treatments and services of psychologists. A psychologist is one who studies the mental health of people and offers treatment and counsel on how the patient can improve mentally.

Psychologists often require there patients to express their deepest mental and emotional states. This is leaves the patient vulnerable in most cases. To protect patients in such cases against vulnerability, the psychologists are often required to abide by a code of ethics such that the patient information is kept safe and secure. For a self-employed psychologist who treats his patients in an office in his own house, code of practice states that the house has to be clean and private.

4 0
3 years ago
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