Answer:
The answers are,
Items not easily quantified in dollar terms are not reported in the financial statements.
Monetary Unit Assumption
Accounting information must be complete, neutral, and free from error.
Faithful representation
Personal transactions are not mixed with the company's transactions.
Entity Assumption
The cost to provide information should be weighed against the benefit that users will gain from having the information available.
Cost constraint
A company's use of the same accounting principles from year to year.
Consistency
Assets are recorded and reported at original purchase price.
Historical Cost
Accounting information should help users predict future events, and should confirm or correct prior expectations.
Relevance
The life of a business can be divided into artificial segments of time.
Periodicity assumption
The reporting of all information that would make a difference to financial statement users.
Full Disclosure principle
The judgment concerning whether an item's size makes it likely to influence a decision-maker.
Materiality
10. Assumes a business will remain in operation for the foreseeable future.
Going concern
12. Different companies use the same accounting principles
Comparability
Explanation:
Answer:
Gross pay:
- consultant $4,000
- computer programmer $3,300
- administrator $2,800
Net pay:
- consultant $2,767.98
- computer programmer $2,295.48
- administrator $1,993.98
Explanation:
regular earnings overtime withholding
allowances
Consultant $4,000 per week N/A 2
Computer programmer $60 per hour 1.5 1
Administrator $50 per hour 2 2
computer programmer worked 50 hours = ($60 x 40) + ($60 x 10 x 1.5) = $3,300
administrator worked 48 hours = ($50 x 40) + ($50 x 8 x 2) = $2,800
Social security taxes:
-
Consultant = 6% x $4,000 = $240
- Computer programmer = 6% x $3,300 = $198
- Administrator = 6% x $2,800 = $168
Medicare taxes:
- Consultant = 1.5% x $4,000 = $60
- Computer programmer = 1.5% x $3,300 = $49.50
- Administrator = 1.5% x $2,800 = $42
Federal income taxes:
- Consultant: amount subject to withholding = $4,000 - (2 x $75) = $3,850. Federal income taxes = $356.90 + [28% x ($3,850 - $1,796) = $932.02
- Computer programmer = amount subject to withholding = $3,300 - (1 x $75) = $3,225. Federal income taxes = $356.90 + [28% x ($3,225 - $1,796) = $757.02
- Administrator = amount subject to withholding = $2,800 - (2 x $75) = $2,650. Federal income taxes = $356.90 + [28% x ($2,650 - $1,796) = $596.02
Gross pay:
- consultant $4,000
- computer programmer $3,300
- administrator $2,800
Net pay:
- consultant $4,000 - ($240 + $60 + $932.02) = $2,767.98
- computer programmer $3,300 - ($198 + $49.50 + $757.02) = $2,295.48
- administrator $2,800 - ($168 + $42 + $596.02) = $1,993.98
The answer is "marketing information system"
The manufacturers are trying to counteract the negative environmental impacts of manufacturing by:
- reducing and eliminating waste
- establishing green initiatives
<h3>How does manufacturing affect the
environment?</h3>
The emission of carbon and waste from the manufacturing plant plays a part in the concentration of greenhouse gases on earth.
However, the manufacturers are adopting the process of reducing & eliminating waste and establishing green initiatives to minimize its pollution of the environment.
Therefore, the Option B and E is correct.
Read more about environmental impact
<em>brainly.com/question/27080910</em>
Answer:
Store of wealth
Explanation:
Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.
Other functions of money are :
1. Medium of exchange: money can be used to exchange for goods and services in transactions.
2. Unit of account: money can be used to determine the value of goods and services being exchanged.
I hope my answer helps you
