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3 years ago

Match the items.

Business

1 answer:

Igoryamba3 years ago

6 0

Answer:

D --> 3

B --> 2

A --> 1

C --> 4

Explanation:

1.- The company should pick the most probable outcome when possible to evaluate liabilities, and only recognize revenues and assets with certain.

Between two favorable figures, it will pick the lowest if it is not certain about the second outcome.

2.-The accounting should disclosure all information useful for third parties to make knowledgeable decisions about a company

3: the accounting should keep the same method over the years, so the assets valuation follow a certain logic. If the accounting change method every year, then the valuation of the assets will differ from period to period. This will make the books of previous year difficult to compare with the current year.

4.- The company needs to show any important data which is significant to the business

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Match each situation with the benefits that professional organizations provide

Lerok [7]

Answer:

Bob wants to gain extra knowledge by joining a professional organization - professional growth and development.

Libby seeks money for research in a particular field- scholarship

Joseph wants to know the latest legislation pertaining to his industry-certification

Debby wants to work as an intern under the guidance of an expert in her field -mentoring

Chad likes to meet with members of his fraternity to get a better perspective of their work - Networking

Explanation:

Bob wants to gain extra knowledge by joining a professional organization - professional growth and development. This is because any attachments to professional organization is always a professional development.

Libby seeks money for research in a particular field- scholarship. Because when you ask for money for studies, research or a university based project, including PhDs, is always either a scholarship or a grant.

Joseph wants to know the latest legislation pertaining to his industry-certification. Any formal studies in corporate or industry is a certification, just like when you study in school/university you get degree.

Debby wants to work as an intern under the guidance of an expert in her field -mentoring. Whenever anyone seeks help from an expert, supervisor or managers, the person who helps is a mentor.

Chad likes to meet with members of his fraternity to get a better perspective of their work - Networking. Meeting and icebreaking is a way to networking, to socialize and know more.

7 0

3 years ago

Trumbull Company budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Collection exp

Andreyy89

Answer:

Total cash receipts 194,760

Explanation:

We will calculate base on the budget number provided.

We will multiply the month sales revenue by the amount expected to be colelcted on september

The receipts from account receivable on september:

60% of previous month:

60% of August: 198,000 = 118,800

36% from the second month:

36% of July: 211,000 = 75,960

Total cash receipts 194,760

5 0

4 years ago

Hannah allowed her friend Carol to borrow her laptop computer for a week during Thanksgiving Break. During that time Carol, with

prohojiy [21]

Answer:

Yes, these facts are valid against Hannah which comes under Ratification Doctrine.

Explanation:

Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.

During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.

Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.

Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.

So, based on the facts the contract was valid because it came under Ratification Doctrine.

6 0

4 years ago

When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho

Olenka [21]

Answer:

True

Explanation:

yes it is true that you should ask the taxpayer if they had any other interest income to avoid double taxation elsewhere

7 0

3 years ago

You are asked to recommend whether a firm should make or purchase product A. The following are data concerning the two options.

Alexxandr [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

For the purchase option:

Buying price= $22 per unit.

For the make option:

Weekly rental payment of $30,800

The firm also has to hire five operators to help make product A. Each operator works eight hours per day, five days per week at the rate of $14 per hour.

The material cost for the make option is $15 per unit of product A.

A) We need to find the number of units that makes the unitary fixed costs= $7

Weekly rental= 30800

Direct labor= ($14*8 hours*5workes)*5 days= 2800

Total fixed costs= $33,600

Unitary fixed costs= total fixed costs/ Q

7=33600/Q

Q= 4800 units

B) Now Q= 6600

Buy= 6600*22= $145,200

Make= 6600*15 + 33600= $132,600

3 0

3 years ago