Answer:
Expenses ; revenues ; adjusting
Explanation:
According to the expense recognition or matching principle, the expenses that are incurred in a particular period should be matched with the revenues that are earned in that particular period.
This principle major part is of the adjustments so that the adjustment entries are passed so that the financial statements represents the true and fair view to the users of the accounting information
It’s possible to travel without one, but it will only increase the likelihood of unorganisation, procrastination and no plans of what to do
Answer:
$88,500
Explanation:
The computation of the amount of cash reported in the balance sheet is shown below:
= Check book balance + check not included - NSF check + coin & currency on hand
= $84,800 + $1,750 - $3,730 + $5,680
= $88,500
We simply applied the above formula so that the correct amount of cash could arrive that is to be reported in the balance sheet
All of that would be $255.21
Answer: Option (a) is correct.
Explanation:
Correct option: The marginal product of labor multiplied by the product price.
It represents the additional revenue generated by adding one more unit of labor employed.
Also, we can say that the marginal revenue product of labor equals the value of the marginal product of labor.
Marginal revenue product of labor is equal to the marginal product of labor times the product price.
