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3 years ago

The matching principle

1 answer:

6 0

Answer: The matching principle "d. states that the revenues and related expenses should be reported in the same period".

Explanation: The application of this principle is a consequence of double entry; In the specific case of the Correspondence Principle we refer to the relationship that exists between an income and expense at the time of registering a transaction. It can be summarized in the following statement:

For every income there is an expense and for every expense there is an income.

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Enter a logical function in cell F5 that calculates employee FICA withholding. If the employee is full-time and has at least one

mixer [17]

Answer:

the formula in cell F5 =IF(AND(B5="FT",C5>0),0.07*(D5-E5),0.05*(D5-E5))

Explanation

Check attachment for the given data and solution data

3 0

3 years ago

Calgary Industries is preparing a budgeted income statement for 2015 and has accumulated the following information. Predicted sa

lesya [120]

Answer:

$192,500

Explanation:

budgeted net income statement

Net sales $750,000

COGS ($300,000)

Gross profit $450,000

Selling expenses ($83,000)

Adm. expenses ($92,000)

EBIT $275,000

Income taxes ($82,500)

Net income $192,500

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3 years ago

"Ethan knows that when he graduates from college and begins looking for a job, he will need to make his resume stand out from al

kakasveta [241]

Answer:

Communicating value

Explanation:

Communicating value involves showing others what makes one's product or skills different and better than others that are available.

What value means to stakeholders in a situation needs to be defined.

Focus is then given to how the skill or product can meet these unique needs.

Also one needs to understand the most effective platform to use in communicating value.

In this instance Ethan wants to make his resume stand out from all the other resumes that the company receives in order to be selected for an interview

He is communicating the value he can add to the company.

5 0

2 years ago

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.

Musya8 [376]

Answer:

Debit Accounts Receivable $1,500

Credit Sales $1,500

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

7 0

2 years ago

Bellbird Corporation acquired an 80% interest in Honey Inc for $130,000 on January 1, 2014, when Honey had Capital Stock of $125

Lyrx [107]

Answer:

$15,750

Explanation:

The computation of the net income reported by two methods is shown below:

= Income from Corporal + Non-controlling interest income

= $12,600 + $3,150

= $15,750

Or we can one thing also

= Income from Corporal ÷ acquiring percentage

= $12,600 ÷ 80%

= $15,750

All other information that is mentioned in the question is not relevant. Hence, ignored it

5 0

3 years ago