Answer:
Consistency principle
Explanation:
Accounting principles are defined as the general rules of.axcpunting that businesses are expected to follow when reporting financial information.
Accounting principles include:
- Accrual principle
- Conservatism principle
- Consistency principle
- Cost principle
- Economic entity principle
- Full disclosure principle
- Going concern principle
- Matching principle
- Materiality principle
- Monetary unit principle
- Reliability principle
- Revenue recognition principle
- Time period principle
Consistency principle requires one the continue using an accounting method consistently for future accounting periods so that information can be easily comparable.
In the given scenario the accountant tells Tenisa that US GAAP allows a company to choose its inventory valuation method as long as it doesn't change over time without a justifiable reason.
This is an example of consistency principle
Answer:
Ask your question <u>properly</u>
<u>and </u><u>also </u><u>follow </u><u>me </u>
Eskom is a South African public company which handles the electricity for public usage in the South Africa. Eskom is the stand-alone generator of electricity in South Africa which holds the monopoly over the power plants and transmission. Eskom managed more than 10 power stations in South Africa. South Africa experienced an electricity crisis despite its number of power stations.
Answer:
<em>The answer is 17.01 minutes</em>
Explanation:
<em>Given that:</em>
<em>The learning rate (r) = 85% = 0.85</em>
<em> T₃₂= 23.52 minutes</em>
<em>By applying the learning curve formula</em>
<em>Thus,</em>
<em>Tₙ = T₁ nᵇ</em>
<em>Where b represent ln(r)/ln2</em>
<em>b = ln( 0.85)/ln2 = -0.2344</em>
<em>23.55 = T₁ * (32)^-0.2344</em>
<em>T₁ = 23.55 * (32)^0.2344</em>
<em>Now,</em>
<em>T₁₂₈ = T₁ (128)^ - 0.2344</em>
<em>= 23.55 * (32)^0.2344 * (128)^ - 0.2344</em>
<em>=17.01 minutes</em>
Answer: Option (c) is correct.
Explanation:
Correct Option - An increase in the state of technology.
The aggregate supply curve in the long run is a vertical line and parallel to the y-axis. |t is perfectly inelastic in the long run.
Now, if there is increase in the money supply in the economy then this will increase the aggregate demand in the short run. Hence, aggregate demand curve shift rightwards, as a result real GDP increases in the short run and move beyond the potential level of real GDP.
Also, there is a creation of inflationary gap in the economy, as a result real GDP shifts back to its initial position at potential real GDP. So, there is no increase real GDP in the long run.
Similarly, decrease in interest rates and an increase in government spending will also results in inflationary gap in the economy. Therefore, doesn't affect the real GDP in the long run.
But an increase in the state of technology is capable of increasing real GDP in the long run. Improvement in the state of technology will shift the long run aggregate supply curve rightwards, as result there is an increase in potential GDP in the long run.
