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2 years ago

Which principle or concept states that businesses should use the same accounting methods and procedures from period to period?

1 answer:

7 0

The consistency principle states that businesses should use the same accounting methods and procedures from period to period.

The definition of consistency means that the thickness or something stays the same, is made the same, or looks the same. An example of consistency is a sauce that pours easily from a jug. An example of consistency is when all tests a student takes are graded using the same grading scale.

“Consistency is a combination of behaviors that includes reliability, trust, and a genuine desire to have a partner and pursue a serious relationship.” Good communication prolongs life.

Learn more about consistency here

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A retired auto mechanic hopes to open a rustproofing shop. Customers would be local new-car dealers. Two locations are being con

8_murik_8 [283]

Answer:

1) Outside Location

2) Central Location

The profit will be the same when monthly demand is 230 cars

Explanation:

Let central location be termed as location A

Let outside location be termed as location B

<u>1. Demand 200 cars</u>

Profit- Location A = (90-30) * 200 - 7000 = $5000

Profit- Location B = (90-40) * 200 - 4700 =$5300

<u>2. Demand 300 cars</u>

Profit- Location A = (90-30) * 300 - 7000 = $11000

Let x be the number of cars where profit is same,

we will equate both the profit equations

(90-30)*x - 7000 = (90-40)*x - 4700

60x - 7000 = 50x - 4700

60x - 50x = 7000 -4700

10x = 2300

x = 2300/10

x = 230 cars

Profit- Location B = (90-40) * 300 - 4700 =$10300

6 0

3 years ago

Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in

Butoxors [25]

Answer:

Explanation:

An investment of $40,000 to generate 2,000 conversions and a CPA of $20 will help Molly with her marketing goal to generate more sales than other investment plan

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3 years ago

Using another product , for example , bread or clay pots , explain , with simple illustrations , how division of labour or speci

Stells [14]

Answer:

the labour forces can be divided like

resource gathers

finance department

marketing department

hygiene development department

5 0

2 years ago

The Revenue or Yield Management model can be applied only when price differential for the same product (or service) is permissib

lbvjy [14]

Answer:

True

Explanation:

The yield management calculates a range of impacts of prices on the demand of the product. And this method is only applicable if the product can be sold for a range of prices. This is the limitation of the yield management and also its assumption that the demand drops with the increase in prices and vice versa.

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3 years ago

What is the food service term for the amount of money remaining from a sale after subtracting the sold itemâ s cost from its sel

Anestetic [448]

Answer:

<h2>The answer for this question is contribution margin or option 3 from the answer options or list.</h2>

Explanation:

In Business and Accounting, the contribution margin basically refers to the difference between the price of any product or service and the variable cost of production. Contribution margin for per unit of product or service also represents the additional profit of the firm or company based on its marginal variable cost or expense and the per unit product or service price.
The aggregate or overall contribution margin signifies the ability of any firm or seller to cover all its fixed cost or expenses and accumulate overall or total profit in business.
In this case, the the selling price of the food item or service represents its market price at which the consumers or buyers have purchased it and the sold item's cost denotes the variable cost of production.Hence, the difference the two phenomenon denotes the contribution margin in this case.

8 0

4 years ago