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miskamm [114]
3 years ago
10

The matching principle

Business
1 answer:
Delicious77 [7]3 years ago
6 0

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

<u />

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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The major disadvantage of content analysis as a method is
fredd [130]

Content analysis is a research method which is used to make replicable and valid inferences by interpretation and coding of the textual material. By analytically evaluating texts, any qualitative data may be converted into quantitative data.

However the greatest disadvantage to this method is:

“b. it cannot tell us how people respond to the content”

4 0
3 years ago
The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co
ivolga24 [154]

Answer:

Net income is $312,610.

Explanation:

This can then be prepared as follows:

Marigold Inc.

Single-Step Income Statement

For the Year 2020

<u>Particulars                                                               $                        $ </u><u>        </u>

<u>Revenue</u>

Sales Revenue                                               1,634,000

Rent revenue                                                      34,400

Gain on sale Of equipment                          <u>      81,700  </u>

Total revenue                                                                          1,750,100

<u>Expenses</u>

Cost of goods sold                                         (731,000)

Selling expenses                                           (258,000)

Administrative expenses                              (206,400)

Loss on write-down of inventory               <u>     (51,600)  </u>

Total expenses                                                                  <u>   (1,247,000)  </u>

Operating income before tax                                                 503,100

Tax on income from continuing

operations                                                                         <u>     (160,820)  </u>

Income from operation after tax                                           342,280

<u>Other income (loss ) (net of tax) </u>

Unrealized holding gain on

available-for-sale securities (net of tax)                               <u>   12,900  </u>

Income from continuing operations

after tax                                                                                   355,180  

<u>Discontinued operations</u>

Loss on discontinued operations

before tax                                                        (64,500)

Tax on loss on discontinued operations       <u>  21,930  </u>

Loss on discontinued operations after tax                        <u>   (42,570)  </u>

Net income                                                                          <u>    312,610  </u>

Earning per share

(Net income / Number of Shares outstanding)                           3.13

5 0
2 years ago
On December 31, 2017, Jerome Company has an accounts receivable balance of $316,000 before any year-end adjustments.
katovenus [111]

Answer:

The Allowance for Uncollectible Accounts at December 31, 2017 is $10,430

Explanation:

In order to calculate the Allowance for Uncollectible Accounts at December 31, 2017 we would have to make the following calculation:

Allowance for Uncollectible Accounts at December 31, 2017=Estimated Allowance 1-30 days+Estimated Allowance 31-60 days+Estimated Allowance 61-90 days+Estimated Allowance over 90 days

Estimated Allowance 1-30 days=Balance*% Uncollectible

Estimated Allowance 1-30 days=$152,000*1%=$1,520

Estimated Allowance 31-60 days=$87,000*2%=$1,740

Estimated Allowance 61-90 days=$50,000*3%=$1,500

Estimated Allowance over 90 days=$27,000*21%=$5,670

Allowance for Uncollectible Accounts at December 31, 2017=$1,520+$1,740+$1,500+$5,670

Allowance for Uncollectible Accounts at December 31, 2017=$10,430

5 0
3 years ago
Million dollar question. does money equal happiness? Explain with a paragraph
aliina [53]
It depends on the person I would definitely be happy but that’s just me
4 0
2 years ago
Suppose that a company needs 1,500,000 items during a year and that preparation for each production run costs $900. Suppose also
bulgar [2K]

Answer:

30,000 units

Explanation:

we can use the economic order quantity formula:

EOQ = √(2SD/H)

where:

  • S = order cost (per purchase order) ≈ production run cost = $900
  • D = demand in units (annual basis) ≈ production requirement = 1,500,000 units
  • H = holding costs (per unit, per year) = $3 per item, per year

EOQ = √[(2 x $900 x 1,500,000) / $3] = 30,000 units

5 0
3 years ago
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