What rate of return results in a present value of $23 for $25 received one year from now?

Custom Shoes Co. has gathered the following information concerning one model of shoe:

Variable manufacturing costs $40,000 Variable selling and administrative costs $20,000 Fixed manufacturing costs $160,000 Fixed selling and administrative costs $120,000 Investment $1,700,000 ROI 30% Planned production and sales 5,000 pairs What is the target selling price per pair of shoes? a) $170 b) $114 c) $142 d) $158

The matching principle states that ________

A) financial statements can be prepared for specific periods B) a business's activities can be sliced into small time segments C) all expenses should be recorded when they are incurred during the period D) companies should record revenue when it has been earned