All categories

3 years ago

Matching is:

Business

1 answer:

kvasek [131]3 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.

You might be interested in

Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturin

trapecia [35]

Answer:

Allocated MOH= $274,850

Explanation:

Giving the following information:

Estimated manufacturing overhead cost $238,900

Estimated machine hours 20,000

Actual machine hours 23,000

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 238,900/20,000

Predetermined manufacturing overhead rate= $11.945 per machine-hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 11.95*23,000

Allocated MOH= $274,850

8 0

3 years ago

Which type of nominal decision is characterized by a fairly high degree of product involvement but a low degree of purchase invo

Ann [662]

Brand loyal decision is a type of nominal decision that is characterized by a fairly high degree of product involvement by a customer, but a low degree of purchase involvement.

<h3>What is Brand loyal decision?</h3>

A brand loyal decision can be defined as a type of nominal decision which involves a customer having a fairly high degree of involvement in the products offered by a producer (business organization) but a low level of involvement in its purchase.

This ultimately implies that, a brand loyal decision is characterized by a fairly high degree of product involvement with subsequent low degree of purchase involvement.

Read more on decision-making process here: brainly.com/question/1249089

3 0

2 years ago

Herman Co. is considering a four-year project that will require an initial investment of $7,000. The base-case cash flows for th

goldenfox [79]

Answer:

Net Present Value $ 23,373.49

Explanation:

First, we solve for the expected return:

$\left[\begin{array}{cccc}State&Return&Probability&Weight\\best-case&19,000&0.25&4,750\\base-case&12,000&0.5&6,000\\worst-case&-3,000&0.25&-750\\Total&&1&10,000\\\end{array}\right]$

Now, we solve for the present value of this vaue over the four-year period:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 10,000.00

time 4

rate 0.12

$10000 \times \frac{1-(1+0.12)^{-4} }{0.12} = PV\\$

PV $30,373.4935

<u>Last we subtract the investment cosT:</u>

30,373.49 - 7,000 = 23,373.49

5 0

3 years ago

Some of the advantages of a functional project where the project is housed in a functional division include which of the followi

Vinil7 [7]

Answer:

C) A team member can work on several projects

7 0

3 years ago

Over a five-year period, (nominal) GDP in a nation increased from $10 trillion to $15 trillion, while the GDP price deflator inc

deff fn [24]

Answer:

The GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.

Explanation:

This can be calculate using the following formula:

Real GDP in year five = Nominal GDP in year five / (GDP price deflator in year five / GDP price deflator in year-one) ................... (1)

Where;

Real GDP in year five = Amount of GDP in year five, stated in terms of year-one dollars = ?

Nominal GDP in year five = $15 trillion

GDP price deflator in year five = 125

GDP price deflator in year-one = 100

Substituting the into equation (1), we have:

Real GDP in year five = $15 / (125 / 100) = $15 / 1.25 = $12 trillion

Therefore, the GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.

7 0

3 years ago