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2 years ago

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

Business

1 answer:

Zigmanuir [339]2 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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To construct an income distribution table, the second step is to _____.

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2 years ago

Ashley opened an all-you-can-eat buffet restaurant. the price per-person was based on what ashley believed an average restaurant

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2 years ago

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During which phase does an employee returning from a foreign assignment experience culture shock in reverse?

weeeeeb [17]

The correct answer is repatriation.
A person who has been sent to work in another country might have a hard time adjusting to his original country once he or she returns. This is because you assimilate into that new culture, and when you go home, you have to readjust again in order to assimilate back into your former culture.

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3 years ago

In the case of a small country, producer surplus Group of answer choices is not changed by tariffs or quotas. increases the same

rusak2 [61]

Answer:

increases the same amount with tariffs and equivalent quotas.

Explanation:

In Economics, a surplus refer to the amount by which the quantity supplied of a good exceeds the quantity demanded of the same good.

A producer surplus is the amount by which a buyer is willing to pay for a particular good minus the cost of producing the same good.

On the other hand, a consumer surplus is the amount by which a buyer is willing to pay for a particular good minus the amount the buyer actually pays for it.

In the case of a small country, a producer surplus increases (raises) the same amount (an amount a buyer is willing to pay for a good minus the cost of producing the good) with tariffs and equivalent quotas.

A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.

Generally, tariffs can reduce both the volume of exports and imports in a country. In order to generate revenues, domestic government make use of tariffs while quotas do not generate any revenue for them.

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3 years ago

A firm's cash flow from financing activities includes: Select one: A. Cash paid for merchandise purchased B. Cash received from

iragen [17]

Answer:

A firm's cash flow from financing activities includes:

D. Cash paid to reacquire treasury stock.

Explanation:

The cash paid to reacquire treasury stock is a financing cash outflow. It reduces the cash inflow from financing activities and forms part of the financing activities of the company under the Statement of Cash Flows. In this financial statement, cash flows are classified into three main groups or activities: operating activities, investing activities, and financing activities. This classification helps to define the source of the cash flow.

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3 years ago