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3 years ago

The matching principle

Business

1 answer:

suter [353]3 years ago

7 0

Answer:

b) states that the revenues and related expenses should be reported in the same period.

Explanation:

Matching principle -

It is one of the basic guideline of accounting , the principle helps to directs a company to report the expense of its income statement when the related revenues are earned .

According to this principle , the expenses and revenues need to be reported at the same time .

hence , the correct statement for the term matching principle is - ( b ) .

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The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding a

Jlenok [28]

Answer:

producer

Explanation:

The producer of a movie, theater play, sitcom, etc., is the person in charge of securing everything that is needed in order for the movie, play, etc., to be properly carried out. That means he/she is responsible for gathering the necessary funds and paying salaries and all other expenses. The producer is also responsible for dividing the money generated by the movie, play, etc., and distributing it to the investors.

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3 years ago

When it comes to the field of marketing, which of these activities is associated with logo design?

tekilochka [14]

Sales Promotions are a part of the business

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3 years ago

An x-ray machine at a dental offi ce is MACRS 5-year property. The x-ray machine costs $6,000 and has an expected useful life of

Brrunno [24]

Answer:

The correct answer is $2,637.31.

Explanation:

According to the scenario, the computation of the given data are as follows:

Cost of machine = $6,000

According to MACRs table depreciation for first 3 years are as follows:

Depreciation for 1st year = 20%, for 2nd year = 32% and for 3rd year = 19.2%

So, Cost of machine after 1st year = $6,000 - 20% × $6,000 = $6,000 - $1,200

= $4,800

Cost of machine after 2nd year = $4,800 - 32% × $4,800 = $4,800 - $1,536

= $3,264

Now, Cost of machine after 3rd year = $3,264 - 19.2% × $3,264

= $3,264 - $626.688 = $2,637.312

So, the book value at the end of three years = $2,637.31

3 0

3 years ago

Which of the following statements is NOT CORRECT? a. An important step in applying the corporate valuation model is forecasting

KIM [24]

Answer:

E. The corporate valuation model discounts free cash flows by the required return on equity.

4 0

3 years ago

Phoebe, a sales representative, is so excited during her sales presentation that she does not hear the customer's question corre

Westkost [7]

Answer:

<u>Selective Perception </u>

Explanation:

Selective perception refers to a psychological state wherein, an individual perceives and comprehends only that information he/she finds desirable, thereby ignoring the rest of the information during communication.

So, any of the viewpoints or ideas which appear conflicting to one's own are ignored and discarded under such a psychological state.

In the given case, Phoebe got excited during her presentation that she missed out upon hearing customer's questions. In such a state of excitement, her mind only perceived what she desired, thereby ignoring anything which appeared undesirable.

So post providing inappropriate answers, she went on with her presentation , i.e she got carried away in excitement. Such psychological state indicates the operation of selective perception.

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3 years ago