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2 years ago

Identify the accounting assumption, principle, or constraint that describes each situation. do not use an answer more than once.

Business

1 answer:

san4es73 [151]2 years ago

7 0

These are the accounting assumption:

Expense recognition principle: Charges are allocated to revenues at the appropriate time.
Measurement principle: Changes in fair value that occur after purchase are not reported in the accounting.
Full disclosure principle: Requires the reporting of all important financial information.
Going concern assumption: Justification for not reporting plant assets at their liquidation value.
Economic entity assumption: Recommends that personal and professional records be kept separate.
Periodicity assumption: Divides financial data into time periods for reporting reasons.
Monetary unit assumption: reported using the dollar as the "measuring stick," according to the monetary unit assumption.

Accounting assumptions are a set of guidelines that guarantee an organization's business operations are carried out effectively and in accordance with the standards established by the FASB (Financial Accounting Standards Board), laying the foundation for reliable, consistent, and valuable financial reporting.

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Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of

REY [17]

Answer:

The bonds sell for $825.63

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. The bonds are annual bonds so the coupon payment is per year.

Coupon Payment = 1000 * 0.057 = $57

Total periods = 15

The formula to calculate the price of the bonds today is attached.

Bond Price = 57 * [( 1 - (1+0.077)^-15) / 0.077] + 1000 / (1+0.077)^15

Bond Price = $825.63

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3 years ago

Should a congress bill contain “whereas” clauses ?

slava [35]

Ion really get your question

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3 years ago

Select the TWO True statements about the Selection of Distribution Channels:

sladkih [1.3K]

There are different kinds of distribution channels. The True statements about the Selection of Distribution Channels are:

Product price has no effect on the length of a distribution channel.

The geographic location of customers does not require different distribution channels

The channel of distribution are classified based on:

The Nature of the Product
The Nature of the market
The Nature of Middlemen
The nature and size of the manufacturing etc.

The channel of distribution is also known as marketing channel. They are simply known as different types of interdependent organizations that are engaged in the process of making a product or service available for use or consumption.

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3 years ago

The business was started when the company received $48,500 from the issue of common stock. Purchased equipment inventory of $176

masya89 [10]

Answer:

Total current liabilities 85.008,33‬

Explanation:

current liabilities: obligations that will setlte within a one-year period

accounts payable from the purchase of equipment:

cost: 176,500

paid: (125,900)

balance: 50,600

waranty liaiblity:

191,000 x 5% = 9,550

sales tax payable:

sales for 191,000

paid for (141,000)

unpaid for 50,000 x 6% = 3,000

note payable with a local bank:

principal: 21,500

accrued interest: 21,500 x 5% x 1/3 = 358,33

net: 21,858.33

Total current liabilities:

accounts payables 50,600

warrant liability: 9,550

sales tax payable: 3,000

note payable: 21,858.33

85.008,33‬

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3 years ago

you have $500,000 saved for retirement. your account earns 4% interest. how much will you be able to pull out each month, if you

Hoochie [10]

With $500,000 retirement saving, the amount that can be withdrawn monthly over 20 years is $3,029.

The amount withdrawn each month can be computed using formula for the present value of an annuity.

P = PMT . [(1 - (1 + r)ⁿ] / r

Where:

P = present value

PMT = the amount of money withdrawn at each period.

r = interest rate

n = number of periods in which withdrawal or payment will be made.

The withdrawal is monthly, hence, we need to divide the annual interest rate by 12.

r = 0.04/12 = 0.0033

Number of periods in which withdrawal or payment will be made is equal to 20 years times 12 months:

n = 12 x 20 = 240

The present value is the saving, that is:

P = $500,000

Substitute those parameters into the formula and solve for PMT.

P = PMT . [(1 - (1 + r)ⁿ] / r

500,000 = PMT [(1 - (1 + 0.0033)²⁴⁶] / (0.0033)

PMT = $3,029

Therefore, for the give scheme, the amount to be pulled out monthly is $3,029.

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1 year ago