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uysha [10]
3 years ago
8

Match the expense revenues with expenses recognition approaches with the most appropriate accounting event.

Business
1 answer:
Zigmanuir [339]3 years ago
4 0

Answer:

Cause-and-effect relationship  - Cost of goods sold

With the Cause and effect relationship, costs are linked to the revenue that they were incurred for to create. Cost of goods would therefore be linked to revenue.

Specific time period  - Monthly salary payments to an office employee

Costs are to be recognized in the same period of time they were incurred. The monthly salary is to be paid monthly because it is incurred monthly.

Without regard to related revenue in the period incurred - Advertising expenditures

The advertising costs will be incurred when spent and not when the benefits are accrued.

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Assume today’s settlement price on a CME EUR futures contract is $1.3140/EUR. You have a short position in one contract. Your pe
butalik [34]

Answer:

$1,875; $1,787.50; $2,837.50

$562.50

Explanation:

Initial balance in account = $1700 and 125,000 EUR is the contractual size of one EUR at a price of $1.3140

Day 1 : $1.3126

Closing price = (1.3140-1.3126)(125,000)

                     = $175;

Current balance = 1700 + 175

                            = $1,875

Day 2 : $1.3133

Closing price. = (1.3126 - 1.3133)(125,000)

                      = $87.50.

Current balance = 1875 - 87.50

                           = $1787.50 (Deduct in balance due to loss)

Day 3 : $1.3049

Closing price = (1.3133 - 1.3049)(125,000)

                      = $1050.

Current balance = 1787.50 + 1050

                           = $2837.50

Long position in future contract:

= 1700 + (1.3126 - 1.3140) + (1.3133 - 1.3126) + (1.3049 - 1.3133) × EUR 125,000

= $562.50

To bring back up to the initial performance bond level - we can experience a margin call requesting for additional funds be added to your performance bond account.

5 0
3 years ago
Hey I was wondering if someone could make a study guide for my 7th grade final (I finished most of it.) I'll give lots of points
Bond [772]
Do you just need like a study guide with everything wrote down and organized or do you need it in a different way? I might be able to help :)
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2 years ago
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On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash.
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Date       -     Account Title         -        Debit        -     Credit

Feb 13

                     Cash                        -      $10,975      -

                     Sales                       -                          -    $10,000

                     Sales Tax Payable -                          -     $975

What is a Drop-down menu?

A drop-down list (abbreviated drop-down, or DDL; also known as a drop-down menu, drop menu, pull-down list, picklist) is a graphical control element, similar to a list box, that allows the user to choose one value from a list.

When a drop-down list is inactive, it displays a single value. When activated, it displays (drops down) a list of values, from which the user may select one.

When the user selects a new value, the control reverts to its inactive state, displaying the selected value. It is often used in the design of graphical user interfaces, including web design.

To learn more about Drop-down menu: brainly.com/question/17116743

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8 0
2 years ago
While figuring out how to save money for a bride who is having financial problems, paula, the catering manager of oh happy day,
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While figuring out how to save money for a bride who is having financial problems, Paula, the catering manager of Oh Happy Day, asked her assistant, "What do you think is the best menu to offer under these particular circumstances? How can we offer the bride and groom's guests a great meal within their budget?" Paula and her assistant are using the contingency approach.

True

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3 years ago
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Entrepreneurs are provided with what when starting a franchise?
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record book  ....................................................                                                                           .

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3 years ago
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