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attashe74 [19]
2 years ago
7

Not adjusting the amounts reported in the financial statements for inflation is an example of which basic principle of accountin

g?
Business
1 answer:
Kaylis [27]2 years ago
8 0

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

What is Monetary unit?

The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.

Therefore,

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

To learn more about monetary unit from the given link;
brainly.com/question/13415456

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______ is a forecasting method in which it is assumed that the demand in the next period will be the same as it is in the curren
Aleks04 [339]

Naive is a forecasting method in which it is assumed that the demand in the next period will be the same as it is in the current period.

Naive forecasting is the method in which the last period's income are used for the next duration's forecast without predictions or adjusting the elements. Forecasts produced the use of a naIve approach are equal to the final determined value.

Forecasting software program is a beneficial tool to all organizations that put into effect it of their inventory planning process. Accuracy in forecasting software is also extremely important, that is why there are more than one methods that make up an accurate forecasting software. while on my own they sound high-quality, it’s vital to take all quantitative and qualitative forecasting methods into attention as you forecast demand. As an instance, naïve forecasting is a common method, and when used with other methods it can help in inventory planning processes.

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8 0
2 years ago
Jane and Joseph Sechrist signed a contract to have a swimming pool built in their backyard for $10,000. The salesman for the poo
IrinaK [193]

Answer:

The Contract made through the salesperson is binding on the pool company.

Explanation:

First what is a salesperson? It represents either an entity or an individual is sells or promotes the sales of goods or the offering of services. The key to this question is that a salesperson is usually employed to sell on behalf of a company, therefore, they have the contractual capacity to make deals binding  on the company.

Since, the salesperson of Schrist signed the contract for $10,000 and it is not written that the approval of any other is required. The contract signed with Schrist by Jane and Joseph is binding and they can have their pool built for $10,0000.

5 0
3 years ago
An organization that does not monitor feedback from its environment and make appropriate adjustments will fail due to
In-s [12.5K]
<span>An organization that does not monitor feedback from its environment and make appropriate adjustments will fail due to its inability to hear out customers' suggestions and recommendations. Feedback is an important detail to be acounted by the company because this is like talking directly to the clients.</span>
7 0
3 years ago
"a promise to your mother to refrain from going to bed later than 11:00 p.m. on a school night is what type of consideration?"
zimovet [89]
Statement: <span>"a promise to your mother to refrain from going to bed later than 11:00 p.m. on a school night

</span>The type of consideration: <span>A benefit to the promisor

Promisor is the person who makes a promise. A person promises to refrain to not got to the bed later than 11:00 pm at school night is for the long term benefit of the person who is making the and not who is asking for the promise.</span>
6 0
4 years ago
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
Dahasolnce [82]

Answer:

The variety of goods available to consumers: GDP only looks a at the value of goods that are produced within the country, it does not take into account the variety available in the market to consumers.

The value produced by doing your own laundry: GDP does not measure non-market activities, so personal jobs like doing your own laundry is not accounted for.

Explanation:

8 0
3 years ago
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