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Paha777 [63]
1 year ago
9

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or

years is the?
Business
1 answer:
Vlada [557]1 year ago
3 0

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the <u>Time period principle.</u>

The time period principle- Financial results and other material business activities should be reported over a consistent time period, such as a month, week, day, etc., in accordance with the time period concept. Depending on the frequency of the chosen time period, the firm must then adhere to a distinct set of regulations for each financial statement in accordance with US Generally Accepted Accounting Principles.

Any company's financial statements can be thought of as a snapshot in time that reveals both the company's history and its current status. That's why it's crucial to disclose to readers the time frame in which the financial statements were generated in accordance with the time period concept.

In its broadest sense, the time period principle holds that any enterprise may conveniently categorize its financial operations into discrete time intervals. That is to say, all cash inflows and outflows may be neatly categorised into separate and sequential accounting periods.

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To know more about Time period principle refer here:

brainly.com/question/13035515

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Two identical firms that share a market and produce a homogenous good will find the Bertrand Oligopoly LEAST attractive because
inn [45]

Answer:

The correct answer that fills the gap is: Cartels generate the highest joint profit, they want to avoid a price war that leads to profit erosion and P=MC, a cournot oligopoly will generate more profit than a bertrand oligopoly

Explanation:

In Bertrand's model, consumers will buy the goods of the company that offers the lowest price. From this it can be intuited that the Nash equilibrium will be the one in which both companies set the same price. For this reason it is not attractive, since they are competition and for some of the two it may not be profitable to decrease the sale price of their products.

3 0
3 years ago
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73
iren2701 [21]

Answer:

r= .0901, or 9.01%

Explanation:

N=18, PV=73,000, FV=345,000, I=? 9

Therefore:

V = PV(1 +r)t

= (FV/PV)1/t– 1

r= ($345,000/$73,000)1/18– 1

r= .0901, or 9.01%

The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%

4 0
3 years ago
Read 2 more answers
Trak Corporation incurred the following costs while manufacturing its bicycles. Bicycle components $100,000 Advertising expense
Furkat [3]

Answer: Please refer to Explanation

Explanation:

Bicycle components - DIRECT MATERIALS

- Needed in the production of the bicycles.

Depreciation on plant. MANUFACTURING OVERHEAD.

- Indirect expense that relates to the production plant.

Property taxes on store. PERIOD COST.

Expense related to the sales of the bicycles that must be expensed in the period incurred.

Labor costs of assembly-line workers. DIRECT LABOUR.

Main labour associated with the production of the bicycles. They are DIRECTLY involved.

Factory supplies used. MANUFACTURING OVERHEAD.

Used in the Factories but not directly related to the production of the bicycles.

Advertising expense. PERIOD COST.

It is spent in the period that it is incurred therefore it is a period cost.

Property taxes on plant. MANUFACTURING OVERHEAD. Indirect expenses that are incurred in relation to the production of bicycles.

Delivery expense. PERIOD COST.

Expensed in the period it is incurred.

Sales commissions. PERIOD COST.

Expensed in the period it is incurred.

Salaries paid to sales clerks. PERIOD COST.

Expensed in the period it is incurred.

3 0
3 years ago
Why would deca, an international association of marketing students, be classified as a nonprofit organization?
Amiraneli [1.4K]
<span>It functions like a business but uses the money it makes to fund the cause identified in its charter. The student organization does not make any profits on their activities and instead donates them to charity.</span>
5 0
3 years ago
True or false: society can attain a higher degree of specialization without the use of money than it can with money.
dalvyx [7]

Society can attain a higher degree of specialization without the use of money than it can with money. The given statement is false.

In order to become more effective, specialization in business is concentrating on a single product or a small range of items. Specialization can boost productivity and give a company or economy a competitive advantage.

A speedier, more efficient workflow is the outcome of each person being able to give their particular task the degree of focus they are capable of. Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales.

One nation might, for instance, be a specialist in growing coffee beans, giving it a competitive edge. Additionally, it can enable this nation to use its current resources to create a sizable quantity of high-quality coffee beans.

Learn more about specialization here

brainly.com/question/24448534

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6 0
1 year ago
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