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stiks02 [169]
1 year ago
7

The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the (

expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the (timing/adjusting/estimating) process.
Business
1 answer:
Tomtit [17]1 year ago
5 0

Answer:

Adjusting process

Explanation:

The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the (expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the Adjusting process.

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A leader who is more about collaboration than command and control would be said to be _____________ .
yanalaym [24]

Answer:

The correct answer is letter "A": an interactive leader.

Explanation:

Interactive leaders are those who are involved in the day-to-day activities of their subordinates coordinating what is necessary for them to perform their activities efficiently. These leaders promote a horizontal hierarchy within their companies.  

Interactive leaders are seen as power-sharing executives since they do not limit subordinates' decision-making but monitor them closely to verify if they are meeting the expectations that will contribute achieve the overall goal of the team.

8 0
1 year ago
if a firm's total revenue is equal to $800 and its total costs are equal to $472, what are its profits?
Sergio [31]

Answer:

Gross profit= $328

Explanation:

Giving the following information:

Sales revenue= $800

Total costs= $472

To calculate the total profit of this company, all we have to do is deduct from earnings all the cost components. I will assume that total costs include both fixed and variable costs.

Gross profi= 800 - 472

Gross profit= $328

5 0
1 year ago
Suppose that Italy and Switzerland consider trading wine and oil with each other. Italy can gain from specialization and trade a
Flauer [41]

Answer:

All except ' 7 Barrels of oil per bottle of wine'

Explanation:

Italy & Switzerland can gain from specialising : If they get more than domestic trade off ratio i.e more than 1/5 or 0.20 units oil per unit wine & more than 1/5 or 0.20 units wine per unit oil.

  • '4 Units Oil = 1 Unit Wine' implies '1 unit oil = 1/5 i.e 0.25 units Wine'. This is favourable term of trade for Switzerland & Italy, as they both get more than 1/5 or 0.20 units oil per unit wine & more than 1/5 or 0.20 units wine per unit oil
  • '1 Unit Oil = 1 Unit Wine' is also favourable term of trade for Switzerland & Italy, as they both get > 1/5 or 0.20 units oil per unit wine & > 1/5 or 0.20 units wine per unit oil
  • '2 units oil =  1 unit wine' implies ' 1 unit oil = 0.5 units wine'. It is is also favourable term of trade for Switzerland & Italy, as they both > than 1/5 or 0.20 units oil per unit wine & > 1/5 or 0.20 units wine per unit oil
  • '7 units oil per unit wine' is favourable for Italy as it receives > 1/5 or 0.20 units oil per unit wine. But it is not favourable for Switzerland as it gets 1/7 = 0.14 units wine per unit oil, i.e < 1/5 or 0.20 units wine per unit oil.

3 0
1 year ago
Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year
nadezda [96]

Answer:

First month of next month ( x = 13)   = 6170

second month ( x = 14 ) = 6389

Explanation:

Determine the estimate demand for each month next year ( use Linear regression )

Linear regression equation: y = a + bx

a = intercept between regression line and y-axis

b = slope of regression

x = month

y = demand

<u>Using excel table attached below</u>

∑x = 78

∑xy = 413340

∑y = 59360

∑(x)^2 = 650

N = 12

(∑x )^2 = 6084

next we will calculate the slope and intercept value

b ( slope ) = ( 12 * 413340 ) - ( 78 * 59360 ) / ( 12 * 650 - 6084 )

                = 330,000 / 1716 = 192.31

intercept ( a ) = 59360 - ( 192.31 * 78 ) / 12 = 3696.65

Back to equation 1 :

Linear regression equation = Y = 3696.65 + 192.31 x

where x = number of month ( i.e. 13 , 14 ….. 24 )

<u>To determine the estimate demand for each month next month</u>

Linear regression equation : Y = 3696.65 + 192.31 x

first month of next month ( x = 13)  = 3696.65 + 192.31 * ( 13 )

second month ( x = 14 ) = 3696.65 + 192.31 * ( 14 )

<em>Note : apply same equation to every month ( i.e. from x = 15 to 24 ) to determine the estimate demand for each month </em>

3 0
1 year ago
Spacelace is a company that provides plumbing solutions to luxury hotels and resorts. It enters into contracts with multinationa
Doss [256]

Answer:

Full oartnerships

Explanation:

Spacelace is a company that provides plumbing solutions to luxury hotels and resorts. It enters into contracts with multinational builders to take up all of their construction projects. The company has a customer support team that can work out of clients' offices when requirements arise. In the context of customer relationship management, Spacelace most likely establishes full oartnerships with its customers.

A partnership is a business arrangement by two or more parties to manage and operate a business and share its profits. A full Partnership Relationship is one that has a lasting connection between the customers and company. In the case of Spacelace they have established a lasting relationship with their customers.

6 0
1 year ago
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