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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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Accumulated depreciation shows a beginning balance of $9,300 and an ending balance of $10,700. How much depreciation expense was
faust18 [17]

Answer:

$1400

Explanation:

Accumulated depreciation is the total depreciation of an asset and is recorded on the balance sheet while the depreciation expense is recorded on the income statement as an expense.

The depreciation expense is the difference between the accumulated depreciation at the end and the accumulated depreciation at the beginning. It is given as:

Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400

Depreciation expense = $1400

6 0
3 years ago
How does a software developer differ from a computer programmer?
yan [13]

Answer:

D. A software developer requires leadership skills.

Explanation:

A computer programmer takes care of writing code to create a program.

A software developer takes care of all the process for developing a software and they will define the requirements for a software and then, work with programmers that write the code.

According to that, a software developer differ from a computer programmer because a software developer requires leadership skills as they will have to supervise all the process to create a program and work with people.

8 0
3 years ago
Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. this ____
alexgriva [62]

This "lessens" rivalry, since buyers become "less" price-sensitive.

Price sensitivity is how much the cost of an item influences customers' buying practices. In financial matters, price sensitivity is usually estimated utilizing the price elasticity of demand. For instance, a few buyers are not willing to pay even a couple of additional pennies per gallon for gas, particularly if a lower-valued station is adjacent.

7 0
3 years ago
Read 2 more answers
A worker, who is typical in all respects, works for a wage of $30,000 per year in a perfectly safe occupation. Another typical w
Fantom [35]

Answer:

$6,000,000

Explanation:

Change in risk = 0 in 1,000 to 1 in 1,000 = 0 to 0.001 = +0.001

Change in wage = $30,000 to $36,000 = +$6,000

Therefore:

wage/risk = 6,000/0.001

= $6 million or $6,000,0000

The value of a human life for workers with these characteristics should a cost-benefit analyst use is $6,000,000 because workers are willing to receive an extra $6,000 for a 1 in 1,000 increase in risk of death, implying a value of life of $6 million)Value of human life for workers with these characteristics = $6 million .

In order words the workers require $6,000 to accept a death risk of .001. The value of life implied by this is $6,000/.001 = $6,000,000.

4 0
3 years ago
Read 2 more answers
A contract clause that restricts competition for a specified period of time, within a certain geographic area, and for specified
Lynna [10]

Answer:

Non-compete clause

Explanation:

Non-compete clause is a clause under which one party (usually an employee) accepts not to go into or start a similar profession or trade in competition against another party (usually the employer). Some courts call these "restrictive covenants".

6 0
3 years ago
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