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Sliva [168]
3 years ago
5

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

Business
1 answer:
erica [24]3 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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Compare and contrast the three categories of project resource.
Basile [38]

Answer:

Brainiiest Please!

Work resources − People and equipment to complete the tasks.  

Cost resources − Financial cost associated with a task. Travel expenses, food expenses, etc.  

Material resources − Consumables used as project proceeds. For example, paint being used while painting a wall.

Explanation:

People and equipment to complete the tasks.

Financial cost associated with a task. Travel expenses, food expenses, etc.

Consumables used as project proceeds. For example, paint being used while painting a wall.

7 0
3 years ago
Presented below is the partial bond discount amortization schedule for Cullumber Corp. Cullumber uses the effective-interest met
Kazeer [188]

Answer:

Journal entry is given below

Explanation:

To record the payment of interest and the discount amortization at the end of period 1 we should debit the Interest expense and credit cash and discount

DATA

Interest expense in year 1 = $38,936

Interest to be paid = $36,450

Discount amortization = $2,486

Entry                                         DEBIT              CREDIT

Bond interest expense       $38,936

Cash                                                                  $36,450    

Discount on bonds                                           $2,486

4 0
3 years ago
The Delgados are in the_______ stage of the financial life cycle. This stage is the foundation for the efforts that continue dur
777dan777 [17]

Answer:

chair, the other , people

6 0
4 years ago
"You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily. How much MORE will you have in 4
Solnce55 [7]

Answer:

$340,363.55

Explanation:

you need to calculate the future value of your deposit:

future value = present value x (1 + interest rate)ⁿ

  • present value = $12,000
  • interest rate = 12% / 365 = 0.032877%
  • n = 40 x 365 = 14,600

future value = $12,000 x (1 + 0.032877%)¹⁴⁶⁰⁰ = $1,456,975.20

if the interest is compounded annually, the future value = $12,000 x 1.12⁴⁰ = $1,116,611.65

the difference = $1,456,975.20 - $1,116,611.65 = $340,363.55

5 0
3 years ago
The price at which a stock can be sold depends upon a number of factors. Which statement below is notone of those factors?
Juli2301 [7.4K]

Answer:

The answer is C. How high the par value

Explanation:

Par value is sometimes called as the nominal value or face value. What it means is that it is the value given through an initial valuation and the Par value is not set by the "supply and demand" in the market. Because of this, It has a very little impact on the market price of a Share.

However, when it comes to Corporate bonds and fixed-income instruments, par value becomes important as it is considered in calculating the maturity time and the interest rates.

5 0
3 years ago
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