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Sliva [168]
2 years ago
5

Explain how maintaining a provision for doubtful debts is an application of the principle of Matching

Business
1 answer:
erica [24]2 years ago
4 0

Answer: The Matching Principle says that we should recognize expenses in the same period that it has helped generate revenue. Thus, recognizing an allowance for doubtful debts for the year resulting from sales would satisfy that principle.

Explanation:

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"True or false: When evaluating a position strategy s implementation, it is more important to look at data and sales figures tha
zlopas [31]

Answer:

False

Explanation:

When evaluating a position strategy's implementation, it is more important to look at data and sales figures than at feedback from customers. The statement is not true rather false.

The most important thing to lool at is the feedback from customers, this enables you stand at a better position to innovate and implement better ideas making use of the feedback from customers.

8 0
3 years ago
Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl
Anton [14]

Answer: Market allocates goods effectively.

Explanation: Effective market allocation is the economic market interaction discussed in this case study. As there was a storm and the power lines got down it was obvious that the demand for the batteries and flashlights will increase and the stock became insufficient but the market forces came into action leading to increase in supply and restoring demand and supply to equilibrium level .

7 0
2 years ago
Read 2 more answers
What are the three main goals of monetary policy?
MakcuM [25]
The three objectives of monetary policy are :
-controlling inflation
-managing employment levels
-maintaining long term interest rates.

Don't forget click ”thanks”♥️ for me
6 0
2 years ago
Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during
yKpoI14uk [10]

Answer:

Computer; $ 3800

Printer; $3150

Desk; $4000

File Cabinet; $3200

Explanation:

First we need to determine how to determine the depreciable basis for the asset.

The basis of assets converted from personal use to business use in terms of depreciable amount is the lesser of (1) fair market value on date of conversion or (2) basis on the date of conversion (the cost price)

Now we apply this to the following assets

Computer: Depreciable base of $ 3800 ( FMV < Purchase price )

Printer: $3150 ( FMV < Purchase price )

Desk: $4000 ( FMV < Purchase price )

File Cabinet: $3200 ( FMV > Purchase price )

8 0
3 years ago
In a(n) ________, the consumer ranks a product's attributes in terms of perceived relevance or importance, then compares the var
mafiozo [28]

Answer:

Lexicographic decision rule

Explanation:

A lexicographic decision rule is one of the decision making rules in purchase that allows a product to be ranked according to its importance to the consumer.

When a consumer is to purchase a product, the consumer ranks products that are similar in use as well as how important the product is. This helps a consumer to make the best decision when it comes to purchasing.

Cheers.

6 0
3 years ago
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