1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LuckyWell [14K]
3 years ago
13

Consider the following accounting terms and definitions:

Business
1 answer:
gladu [14]3 years ago
6 0

Answer:

8. First-In, First-Out (FIFO) - a.

7. Disclosure Principle - b

1. Specific Identification - c

6. Weighted-Average - d

4. Conservatism - e

3. Last-In, First-Out (LIFO) - f

5. Consistency Principle - g

2. Materiality Concept - h

Explanation:

FIFO is a sale technique which provides the oldest stoke of goods as the first sales batch, while LIFO brings the last inventory first.

The materiality concept is a situation where the financial information of a company is said to be material from observing the preparation of the financial statements if it can change the opinion of a reasonable person.

The consistency principle states that once an accounting principle is adopted, it can never be changed. Disclosure principle states that company report must be given to outsiders for knowledgeable decision.

You might be interested in
Which of the following statements is TRUE of payback​ period? A. If the payback period is greater than the maximum acceptable pa
Firdavs [7]

Answer:B. If the payback period is less than the maximum acceptable payback​ period, accept the project.

Explanation:

The payback period measures if a capital investment is profitable.

The payback period measures how long it takes to recover the amount invested in a capital project. It calculates how long it takes for the cash flows generated from a capital project to be equal to the cost.

For example if a project costs $10,000. It cash flows in year 1,2,3 and 4 are $5000, $3000, $2000, $6000. The payback period is 3 years. If the company has a maximum acceptable payback period of 2 years, then the company won't take on the project because its payback period is more than the maximum acceptable payback period.

If the company has a maximum acceptable payback period of 4 years, then the company would take on the project because its payback period is less than the maximum acceptable payback period.

7 0
3 years ago
The team that is planning the annual company sales meeting has members in several offices. They need to have a conversation abou
White raven [17]

Answer:

C

Explanation:

The question is asking what method of communication will be used by a team having to plan for the annual sales meeting.

This can be achieved by having a conference call. A conference call will provide the necessary framework needed by the members of the committee to communicate their thoughts effectively to all other members of the group. With conference call, opinions of each member can easily be passed or related to the other group members instantly

6 0
3 years ago
The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP
Delicious77 [7]

Answer:

The correct answer is option a and option b.

Explanation:

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP.

This is because the GDP of a nation is the value of final goods and services produced in an economy in a year by both domestic citizens as well as foreign residents.

While GNP of a nation does not include the income earned by the foreign residents within the boundaries of a nation. So it is lower than GDP.

4 0
3 years ago
Globe Travel Agency sells Spring Break trips to University of Houston undergraduate students. The fixed cost of Globe is $100,00
Usimov [2.4K]

Answer:

the breakeven quantity at current price is 500 units

Explanation:

The computation of the  breakeven quantity at current price is shown below:

Breakeven point = Fixed cost ÷ (Price per unit - variable cost per unit)

= $100,000 ÷ ($600 - $400)

 = 500 units

Hence, the breakeven quantity at current price is 500 units

We simply used the above formula so that the correct units could arrive

5 0
2 years ago
6.
Vikki [24]

Answer:

Brand performance

Explanation:

Brand performance is the concept that compares and contrasts the goals a brand sets and how it meets those targets.

Therefore, brand performance is the concept that describe how well a market fulfills customers needs.

The answer is D

6 0
3 years ago
Other questions:
  • In general, head protection should do which of the following
    15·1 answer
  • What are a list of items that the most price elastic demand​
    9·1 answer
  • During the year, Bonita Industries made an entry to write off a $33300 uncollectible account. Before this entry was made, the ba
    14·1 answer
  • Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $15.0 million. The fair value of Midwest's asset
    15·1 answer
  • The situation described in the first excerpt, what is the inspector's opinion of employer taylor, ibbotson, and co.? what phrase
    15·1 answer
  • What's the catch with many services promoting a “free credit score?"
    6·1 answer
  • Match the cause for the negatively sloped aggregate demand curve with the correct term.
    11·1 answer
  • We read about making business level strategies and corporate level strategies in pursuit of our vision or mission. In that, comp
    13·1 answer
  • Can some one give me a crown I really want one 82 points if you do
    8·2 answers
  • The common stock of Serenity Homescapes has a beta of 1.21 and a standard deviation of 17.8 percent. The market rate of return i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!