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LenaWriter [7]
3 years ago
8

In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company

provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies Apple's use of: Economic entity. Realization principle. Conservatism. The matching principle.
Business
1 answer:
Bezzdna [24]3 years ago
6 0

Answer: The matching principle

       

Explanation: Matching principle is a combination of accrual accounting and revenue recognition. It states that the expenses of a company must be recorded at the same accounting period in which they were incurred to earn such revenues.

In the given case, Apple is reporting the warranty expenses at the same time period in which the revenue from such expenses is recognized.

Hence we can conclude that the given case illustrates the matching principle.

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Okay this is starting to get annoying. I ask an actual question and I just have bots reply with a link to a virus download and t
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It’s definitely is a huge problem. I would suggest just ignoring them and reporting them.
4 0
3 years ago
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Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to
postnew [5]

Answer:

A. $41,120.

Explanation:

Year    Description          Cash flow           Present [email protected]%

0       Equipment cost      ($30,000)                    ($30,000)

1-4      Additional CF           $24,000                    $69,929.10

4        Residual value            $2,000                       $1,184.16

Present value total                                                 $41,113.26

Based on the above calculation, the answer shall be A. $41,120.

8 0
3 years ago
Can Anybody Help? Need All 4 Questions Answered
Marat540 [252]

Answer:

1. It is ethical for her to list her job duties in great detail as she ahs still done the job in question.

2. It is unethical to embellish her job responsibilities as she includes responsibilities in her job that she has not done and has therefore lied to the job she is applying for.

3. Problems she may face is being fired for lying, made to do work that is not in her capabilities and can potentially damage the work assigned and job in general, as well as trouble by her colleagues and boss

4. She can include attributes that make her a promising individual. For example she states she can "learn on the fly" and thus can write in her resume that she is a quick learner and can adapt easily to her surroundings.

3 0
3 years ago
Morgan Co. signs a $50,000 noninterest-bearing 5-year note payable for goods purchased from Xelco Industries. The appropriate ra
riadik2000 [5.3K]

Answer:

$31,046

Explanation:

You take the $50,000 and divide it by 1.10^5 = $31,046

5 0
3 years ago
A coffee manufacturer uses Colombian and Brazilian coffee beans to produce two blends, robust and mild. A pound of the robust bl
tester [92]

Answer:

•8.74 pounds of robust blend

• 1.25 pounds of mild blend

Explanation:

We are given:

•12 ounces, 6 ounces of mild blend Colombian beans

•4 ounces, 10 ounces of mild blend Brazilian beans.

From the question, we get the following equations:

1) Colombian: 12x + 6y = 1800

2) Brazilian: 4x + 10y = 760

Let's multiply the Brazilian equation by 3, we now have:

Colombian: 12x + 6y = 1800

Brazilian : 12x + 30y = 2280

Solving simultaneously, we have:

-24y = - 480

Therefore,

y = -480/-24

y= 20 oz

y = 20 oz ( divide by 16 to convert to pounds) = 1.25 pounds

Let's solve for x from Brazilian equation:

4x + 10y = 760

Therefore, since y = 20, we have:

4x + 10(20) = 760

= 4x + 200 = 760

= 4x = 760 - 200

= 4x = 560

Therefore

x = 560/4

x = 140

140 oz = 8.74 pounds

Therefore, they should make;

8.74 pounds of robust blend and 1.25 pounds of mild blend.

5 0
3 years ago
Read 2 more answers
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