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2 years ago

The modern enterprises reported all assets in the accounts at current market value. This action is a violation of:

Business

1 answer:

maw [93]2 years ago

4 0

This action is a violation of Cost Principle or Historical Cost Concept.

<h3>What is Historical Cost Concept?</h3>

The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.

The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.

Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.

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The fact that universal technical standards for the internet and electronic commerce exist lowers ________ costs, making it chea

olasank [31]

The fact that universal technical standards for the internet and electronic commerce exist lowers market entry costs, making it cheaper for merchants to sell their goods.

The universal technical standards of the web and e-commerce greatly lower market entry costs- the value merchants must pay simply to bring their goods to promote.

At the same time, for consumers, universal standards reduce search costs- the hassle required to seek out suitable products when businesses sell products, services or information to consumers.

Internet technology reduces information costs and raises quality of knowledge, enabling price transparency (the ease for consumers of finding a spread of prices) and price transparency (the ability of consumers to work out the particular costs of products). data to execute these transactions.

As social bookmarking systems are growing in popularity, search algorithms are developed that transfer the concept of link-based rankings within the Web to a social bookmarking system's organization. These rankings differ from traditional program rankings therein they incorporate the rating of users.

A universal standard means the standards that are shared by all nations round the world. The universal technical standards of e-commerce are a greatly lower market entry cost, which suggests the merchants must pay the prices of the products that they create to the market.

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3 0

2 years ago

Lucky owns mud flats ranch, which is situated on certain nevada acreage. the exterior boundaries of the land extend

MariettaO [177]

False, It is real property

4 0

3 years ago

Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.

olga2289 [7]

Answer:

April 1

Trade Receivable - Mann Company $5,500 (debit)

Revenue $5,500 (credit)

Cost of Goods Sold $2,500 (debit)

Merchandise $2,500 (credit)

April 2

Merchandise $9,000 (debit)

Trade Payable - Wild Corporation $9,000 (credit)

April 4

Merchandise $1,000 (debit)

Trade Payable - Ryan Company $1,000 (credit)

April 10

Discount Allowed $110 (debit)

Trade Receivable - Mann Company $110 (credit)

Cash $5,390 (debit)

Trade Receivable - Mann Company $5,390 (credit)

April 11

Trade Payable - Wild Corporation $9,000 (debit)

Cash $9,000 (credit)

Explanation:

Note : Leiss uses the perpetual inventory system

Therefore,

Recognize the Cost of Goods Sold with each sale that is made.

7 0

3 years ago

Ashley Kreeger is the director of marketing for a company that operates several assisted-living centres. The company is developi

netineya [11]

Answer:

Demographic factor is the correct option.

Explanation:

The demographic variables can affect our business. Demography can be used to know the product's performance and the buying behavior of consumers. It helps companies to identify the key customers. After the identification, they can target these customers with customized advertisements and promotions. It helps the company to maximize its sales.

Income is one demographic variable. A person's income decides his buying habits. People having towards the low end of the salary band tend to buy less expensive products. While those with high salaries tend to buy expensive products. It is an example of a demographic factor.

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3 years ago

poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year. she is aware

pshichka [43]

In a case whereby poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year, the risk is poornima most concerned about protecting against is interest reinvestment risk.

<h3>What is interest reinvestment risk?</h3>

Reinvestment rate risk can be described as the risk that should be considered in the case whereby the investor have the reason to carry out reinvestment in regards with the future cash flows which could come inform of a lower return as a result of the interest rate declines.

It should be that this risk is very important to be taken serious by the investors because any slight mistake can result to very huge lost in the part of the investor and this can bring down there investor in term of finance which is very dangerous for his health as well as other investment that he have outside.