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erastovalidia [21]
3 years ago
11

Which of the following serves as the justification for the periodic recording of depreciation expense? a. Association of efforts

(expense) with accomplishments (revenue) b. Systematic and rational allocation of cost over the periods benefited c. Immediate recognition of an expense d. Minimization of income tax liability
Business
1 answer:
SIZIF [17.4K]3 years ago
7 0

Answer:

"B"

Explanation:

Depreciation is a practice of systematic allocation of the cost of an asset to the income generated over its useful life time , either on a straight line method or reducing balance.

As demanded by the matching concept of accounting , revenue are expected to be linked to associated expenses otherwise profit will end up being overstated and and management misinformed and wrong decisions likely to be taken

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2. As a teenager, why might creating a budget be important?
Vadim26 [7]

A budget can help teens start to discern between genuine needs and wants and will show them where their money is going each month. A good budget will provide for both needs and at least some wants and should be flexible and relatively easy to use and understand.

6 0
2 years ago
Read 2 more answers
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
Nataly [62]

Answer:

$2.90 per unit

Explanation:

The computation of the cost per equivalent unit of conversion is attached below:-

The formulas are shown below:-

Equivalent material = Direct material × Percentage completion

Equivalent conversion = Conversion × Percentage completion

The cost per equivalent unit come from

= Total cost ÷ number of equivalent units

hence, the cost per equivalent unit of conversion is $2.90 per unit

8 0
3 years ago
John wishes to set up an account for his grandfather so that he can have some extra money each month. John wants his grandfather
jeka94

Answer:

John must invest $3719.4

Explanation:

It is given that John grandfather withdraws $120 per month for 3 year

So total month = 12 ×3 =36 months

Total amount withdrawn S = 36×120 = 4320

m = 12 times per year

Rate of interest i = 5 % = 0.05

We know that S=P(1+\frac{i}{m})^{mt}

4320=P(1+\frac{0.05}{12})^{36}

4320=P\times 1.1614

P = $3719.41

So john must invest $3719.4

6 0
3 years ago
The country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturin
ivanzaharov [21]

Answer:

A) Related and supporting industries

Explanation:

Competitive advantage is the edge an entity has over others that results in higher profit margins.

According to Michael Porter there are 4 factors that gives national advantage in the international environment:

- firm strategy' structure and rivalry

- related supporting industries

- demand conditions

- factor conditions.

Related supporting industries refers to the presence of supporting industries that helps a company to thrive.

Forms depend on others for high productivity. When the presence of other supporting companies is adequate production will be maximised.

This is the case in the given instance where the country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturing firms, chemical plants, and leather manufacturing companies, most of which are well reputed and internationally competitive. This has made Arcadia a major force in the global economic market

6 0
3 years ago
Which of the following e-commerce situations does not directly reflect greater consumer variety satisfaction?
poizon [28]
I think the most approximate answer would be B.


I hope it helped you!
6 0
3 years ago
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