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Shalnov [3]
3 years ago
6

In order to present an accurate picture of the financial health of his company, Bob reported all of the expenses that had been i

ncurred, even if they had not been paid yet. Bob is practicing the __________ principle.
a.) matching
b.) measurement/cost
c.) time period
d.) full disclosure
Business
1 answer:
Flura [38]3 years ago
8 0

Answer:

a.) matching

Explanation:

Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues

So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle

Therefore the option a is correct

You might be interested in
Mario's Home Systems has sales of $2,770, costs of goods sold of $2,110, inventory of $494, and accounts receivable of $425. How
Shalnov [3]

Answer:

D) 85.45 days

Explanation:

Days sales in inventory is calculated by dividing total inventory by COGS, and then multiplying that by 365 days:

(inventory / COGS) x 365 = ($494 / $2,110) x 365 = 85.45

Days sales in inventory measures the average number of days that it takes for a company’s inventory to be realized into sales within the year.

8 0
4 years ago
A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return
Olegator [25]

Answer:

-$306.15 and rejected

Explanation:

Year     Cash flows Discount factor  Present value

                                at 12%

0          $-119,000 1                              $-119,000  (A)

1          $52,800 0.8928571429 $47142.86

2          $60,200 0.7971938776 $47,991.07

3          $33,100      0.7117802478         $23559.93

Sum                                                         $118,693.85 (B)

Net present value                                -$306.15 (A - B)

4 0
4 years ago
A lumber mill is capable of producing 10,000 board feet of lumber per day when run ten hours per day with minimal breaks. Over t
mamaluj [8]

Answer:

45.75%

Explanation:

When asking for the utilization of the plant, the question is basically referring to how much of its full potential is the plant currently operating at. Therefore this can be calculated by dividing its current output (4,575) by its maximum output (10,000) like so...

4,575 / 10,000 = 0.4575

Now we multiply that by 100 in order to get the percentage.

0.4575 * 100 = 45.75%

Therefore the current utilization of the plant is 45.75%

7 0
3 years ago
When an organization assigns a new employee a mentor and takes an employee out to lunch to meet other members of the organizatio
irina [24]

Answer:

Connection.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Generally, when a new employee working for an organization is assigned a mentor and given the opportunity to go out on a lunch to meet other members working in the organization during their first week on the job, this would most strongly be an example of connection.

Connection simply means creating a favorable and mutually beneficial meetings between two or more individuals such as the employees working in an organization. Thus, it avails the employees the opportunity to socialize and know each other better while stimulating a good work relationship.

8 0
3 years ago
Which sentences in the passage demonstrate the fulfillment of the legal responsibilities of a financial exchange?
AleksandrR [38]

The following statements fulfill the criteria.

Explanation:

- She issues an account statement annually that lists all the transactions made through a customer’s account that year.

<u>This is her responsibility to keep a record of the transactions and make them availabl</u>e.

-She allows customers to withdraw money only if the institution has sufficient cash reserves during the day.

<u>This is also following standard policy of the company</u>

-She provides details to customers regarding the money deposited in their accounts.

<u>This is also in terms with the privacy policy of most firms for consumers to have this information.</u>

6 0
3 years ago
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