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lilavasa [31]
1 year ago
5

expensing the cost of copy paper when the paper is acquired is an example materiality. industry practices. conservatism. expense

recognition.
Business
1 answer:
sergejj [24]1 year ago
4 0

Expensing the cost of copy paper when the paper is acquired is an example of .Cost constraint.

<h3>What is Cost constraint?</h3>

A cost constraint in accounting occurs when it is excessively expensive to report specific information in the financial statements. The applicable accounting standards permit a reporting entity to forego the associated reporting where doing so would be prohibitively expensive. The purpose of enabling the cost constraint is to prevent firms from paying excessive expenditures to fulfill their financial reporting duties, especially when compared to the benefit received by readers of the financial statements.

Only certain requirements for financial reporting that are mentioned in the accounting standards are subject to the cost limitation. In all other instances, regardless of the underlying cost, financial information must be reported.

To learn more about Cost constraint from the given link:

brainly.com/question/21270823

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You might be interested in
Ben and Carla Covington plan to buy a condominium. They will obtain a $225,000, 30-year mortgage at 7.5 percent. Their annual pr
lana66690 [7]

Answer:

<u>Monthly housing payment 2,033.22</u>

Explanation:

We need to calculate the monthly cuota of the mortgage

It will be the cuota of a 30 year annuity at 7.5 rate

PV \div \frac{1-(1+r)^{-time} }{rate} = C

We should convert the year in month and the rate in monthly, because the payment are monthly.

time= 30 year so 30 x 12 = 360 months

rate = 0.075 / 12 = 0.00625 monthly

Present Value = 225,000

225,000 \div \frac{1-(1+0.00625)^{-360} }{0.00625} = C

C = $1,573.23

Now we will calculate the propert taxes, insurance per month

2,050 /  12 = 170.83

530   /   12  =   44.16

1,573.23 + 170.83 + 44.16 + 245 = 2,033.22

7 0
3 years ago
A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firm’s production process more efficient which
Alexeev081 [22]

Answer :

The equivalent annual annuity of GSU-3300 = 6,520.30

Explanation :

The computation of the equivalent annual annuity of the GSU -3,300 is shown below:

As per the data given in the question,

For GSU-3300, Cash flow =$25,010

Time = 8 years

Cost = $99,984

For UGA-3300, Cash flow = $28,975

Time = 9 years

Cost $123,069

Based on this,

The equivalent annual annuity of GSU-3300 is

= -$99,984 × 9.63% ÷ {1 -1 ÷ (1 + 9.63%)^8} + $25,010

= 6,520.299

= 6,520.30

7 0
3 years ago
Each of the following is mentioned in your textbook as a tip for using statistics except:________ a. use statistics sparingly. b
Lana71 [14]

Answer:

E. avoid using statistics found on the Internet.

Explanation:

Statistics: It is a science of evaluating data collected by using quantified model and presenting the data in a simplified form.

There are six tips of using statistics in our speeches are:

  • Use statistics to quantify your ideas .
  • Use statistics sparingly .
  • Identify the sources of your statistics .
  • Explain your statistics .
  • Round off complicated statistics .
  • Use visual aids to clarify statistical trends.

Hence, it never suggest to avoid using statistics found in the Internet as it is one of the source.

8 0
3 years ago
1 pts
Artyom0805 [142]

Maria has an absolute advantage.

<h3>What is absolute advantage?</h3>

A person has absolute advantage in the production of a good or service if he produces more quantity of a good when compared to other people using the same or similar production resources. The concept of absolute advantage was introduced by Adam Smith, a Scottish economist in 1776 when he used it in the context of international trade.

For example, let's assume that Maria can produce 100 cobs of corn on 1 acre of farmland and Lance can produce 10 cobs of corn on 1 acre of farmland. Maria has an absolute advantage in the production of corn because she produces more quantities of corn when compared with Lance.

To learn more about absolute advantage, please check: brainly.com/question/25139916

#SPJ1

8 0
2 years ago
A method of pricing where the price the seller quotes includes all transportations costs, and the seller is responsible for any
xenn [34]

Answer:

<u>Uniform delivered pricing</u>

Explanation:

<u>Uniform delivered pricing:</u> In business or management, the term "uniform delivered pricing" is determined as one of the pricing methods whereby every customer tends to pay a similar amount of money or freight costs to the seller irrespective of their distance from the seller's dispatch point. Uniform delivered pricing is also denoted as "postage stamp pricing".

<u>In the question above, the given statement represents the "uniform delivered pricing".</u>

7 0
2 years ago
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