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2 years ago

Matching is:

Business

1 answer:

kvasek [131]2 years ago

3 0

Answer:

2. A result of recognizing revenues and expenses that arise from the same transaction.

Explanation:

Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.

It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.

Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.

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Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,300 of direct materials, $6,966 of di

storchak [24]

Answer:

Total cost of goods manufactured = $113,645

Explanation:

As for the information provided:

Opening Work in Process = Direct materials + Labor + Overheads

= $2,300 + $6,966 + $10,076 = $19,342

Adding all the cost for the period

Raw material = $39,800 used in production

Direct labor cost = $25,010

Overheads to be applied on predetermined rate = 2,400 $\times$ $19.40 = $46,560

Total cost incurred including beginning work in process = $130,712

Less: Closing Work in process = $17,067

Total cost of goods manufactured = $113,645

4 0

3 years ago

A company's Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Pay

dalvyx [7]

Answer:

$718,400

Explanation:

For computation of total amount of cash payments first we need to find out the decrease in merchandise, purchases and increases in accounts payable which is shown below:-

Decrease in merchandise = Balance at the beginning of the year - Balance at the end of the year

= $218,000 - $204,200

= $13,800

Purchases = Cost of goods sold - Decrease in merchandise

= $738,000 - $13,800

= $724,200

Increase in Accounts Payable = Accounts Payable balance at the end of the year - Accounts payable at the beginning of the year

= $102,000 - $96,200

= $5,800

Cash paid for merchandise = Purchases - Increase in Accounts Payable

= $724,200 - $5,800

= $718,400

6 0

2 years ago

Bill's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking

Alex777 [14]

Answer:

Raise the marketing spend to raise visibility.

Explanation:

In simple words, the best way for the company to hold their position in the market is to strengthen their customer base and this can be done by performing more promotion. By doing so, they can attract more people to use their product and the new company will have to try harder to capture the market.

Thus, the best option for the company is to raise promotional activities.

6 0

2 years ago

Lambert Manufacturing has $120,000 to invest in either Project A or Project B. The following data are available on these project

Angelina_Jolie [31]

Answer:

c. $74,450

Explanation:

The computation of the Net present value is shown below

= Present value of all yearly cash inflows after applying discount factor + salvage value - initial investment

where,

The Initial investment is $120,000

All yearly cash flows would be

= Annual net operating cash inflows × PVIFA for 6 years at 14%

= $50,000 × 3.8887

= $194,435

Refer to the PVIFA table

Now put these values to the above formula

So, the value would equal to

= $194,435 - $120,000

= $74,435 approx

6 0

3 years ago

Jami is managing an extended advertising campaign for a local convenience store chain. The campaign includes a series of televis

alexandr1967 [171]

Answer: (C) The daily and weekly sales volume

Explanation:

According to the given question, the daily and weekly sales volume is one of the best indicator for checking the effectiveness of the advertising in an organization as it helps in measuring the various types of sales statistics on the basis of weekly or daily target.

By using the following ways we can monitoring the sales volume either daily or weekly basis are as follows:

By carefully monitoring the share
Analyzing the sales's result
Feedback from the customers
Place the data in graph format

Jami is basically managing the advertisement campaign and for the purpose of monitor this advertising campaign we basically analyzing the sales volume such as the product line, sales region and also the product level.

Therefore, Option (C) is correct answer.

6 0

3 years ago