Answer: Option (B)
Explanation:
Here, in this case we can state that <em>job evaluation </em>is being exemplified. The Triano Brothers are using job evaluation, so as to have a systematic approach in order to determine value of a job in regards to the several jobs in their organization. The organization attempts to have a orderly comparison in between different jobs as to assess the relative value.
Answer:
A. revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.
Explanation:
A matching principle is an accounting concept which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.
The matching principle indicates when costs are recognized as expenses on the income statement.
For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the matching principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.
Hence, matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.
Additionally, the matching principle helps business owners to calculate their taxes and profits or losses properly.
Answer:
In this growing economy and competitive world, it is important for any business to maintain a good customer relationship by providing value to the customers. However, focusing only on profit maximization will not benefit the business in the long run.
Focusing on profit maximizing the profit will benefit the organisation in the short term and the company will only think about business interest keeping the costumers and society interest aside.
Explanation:
Answer:
a)647,000
b)658,000 yes as increase net income
c) 2,480,000
Explanation:
a) current net income : 842,000
less 13,000 x 12 increce in variable manufacturing (156,000)
less increase in fixed MO <u> (39,000) </u>
647,000
b)
Sales 3,200,000 (16,000 x 200)
Variable <u> (1,408,000)</u> 988,000x16,000/13,000 + 156,000
Contribution 1,792,000
Fixed MO (819,000)
Fixed S&A<u> (315,000) </u>
Net Income 658,000
c)
1,792,000 / 3,200,000 = 0.56
shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease
<h3>What is
lease?</h3>
A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.
The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).
Finance leasing, operating leasing, and contract hire are the three main types of leasing.
To know more about lease follow the link:
brainly.com/question/24460932
#SPJ4
