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3 years ago

Which accounting principle states that a company should "report expenses in the same period as the revenue they help generate"?

Business

1 answer:

Inga [223]3 years ago

6 0

Answer:

Matching concept

Explanation:

Matching concept states that revenue and cost should be matched with each other in the period they relate.

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Megasoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. M

Nady [450]

Answer:

Megasoft Corporation

1. The amount of accounts receivable that was written off during the year ended June 30, 2016 was:

= $72 million

2. Receivable Turnover Ratio in 2016

= 2016 Net Sales/Average receivables

= $68,000/$16,660 = 4.1

Explanation:

a) Data and Calculations:

June 30, 2016 June 30, 2015

Net Sales Revenue $68,000 $62,000

Accounts Receivable

(all amounts in millions) $17,260 $16,060

Allowance for

Doubtful Accounts of 310 360

Net Accounts receivable $ 16,950 $ 15,700

Bad Debts Expense = $22

Allowance for Doubtful Accounts

Date Account Titles Debit Credit

June 30, 2015 Beginning balance $310

2016 Bad Debts Expense 22

2016 Accounts receivable 72

June 30, 2016 Ending balance $360

Accounts Receivable

Date Account Titles Debit Credit

June 30, 2015 Beginning balance $16,060

2016 Net sales 68,000

2016 Allowance for Doubtful $72

2016 Cash 66,728

June 30, 2016 Ending balance $17,260

Average receivables = $16,660 ($16,060 + $17,260)/2

Receivable Turnover Ratio in 2016

= 2016 Net Sales/Average receivables

= $68,000/$16,660 = 4.1

8 0

2 years ago

5-year Treasury bonds yield 6.1%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on 5-year T-bonds is 0

Dahasolnce [82]

3.20 is the real risk-free rate

The risk-free rate of return, commonly abbreviated as the risk-free rate, is the rate of return on a hypothetical investment with scheduled payments over a set period of time that is assumed to meet all payment obligations.

Subtract the inflation rate from the yield on the Treasury bond that corresponds to the duration of your investment to calculate the real risk-free rate.

The risk-free rate determines the return an investor can expect from an investment over a specified time period. A risk-free rate is calculated by deducting the current inflation rate from the total yield of the treasury bond that corresponds to the investment duration.

To know more about risk-free rate follow the link:

brainly.com/question/19568670

#SPJ4

5 0

1 year ago

In the business gift-giving world, if a company gives a gift to a potential client for the purpose of influencing their behavior

gizmo_the_mogwai [7]

Answer:

Context, culture and content

Explanation:

Gift giving in business is common and also contentious. Business gifts are often for advertising, sales promotion, and marketing communication medium.

These kind of gifts are for the following reasons:

1. In appreciation.

2. In the hopes of creating a positive first impression.

3. Returning a favor or expecting a favor in return for something.

When it comes to considering appropriate business gifts it is helpful for one to think about the content of the gift, the context of the gift, and the culture in which it will be received.

Giving a gift to a potential client for the purpose of influencing their behavior is a form of Bribery.

7 0

3 years ago

Microhard has issued a bond with the following characteristics:

Aleks [24]

Answer:

At Yield to maturity = 11%

Price = $1,000

Explanation:

As for the provided information we have:

Par value = $1,000

Interest each year = $1,000 $\times$ 11% = $110

Effective interest rate semiannually = 11%/2 = 5.5% = 0.055

Since it is paid semiannually, interest for each single payment = $110 $\times$ 0.5 = $55 for each payment.

Time = 8 years, again for this since payments are semi annual, effective duration = 16

Price of the bond = $C \times \frac{(1 - \frac{1}{(1+i^n)}) }{i} + \frac{M}{(1 + i)^n}$

Here, C = Coupon payment = $55

i = 0.055

n = Time period = 16

M = Maturity value = Par value = $1,000

Therefore, if yield to maturity = 11% then,

P = $55 \times \frac{1 - \frac{1}{(1 + 0.055)^1^6} }{0.55} + \frac{1,000}{(1 + 0.55)^1^6}$

= $1,000

7 0

3 years ago

On August 31, 2018, the general ledger of The Dean Acting Academy shows a balance for cash of $7,904. Cash receipts yet to be de

12345 [234]

Answer:

Não Sei muito Bem mas sei que ganho muito dinheiro com meu site: https://fazerdinheiroonline.net.br/ganhar-dinheiro-na-internet/

Explanation:

Aprenda Como ganhar Dinheiro na Internet aqui mesmo

8 0

3 years ago