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aliina [53]
3 years ago
8

Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high rev

enues if he can plan and execute the mission of the business well. Which of the following basic accounting concepts is reflected in Bob's assumption?
A. The business entity ideaB. The going concern expectationC. The accounting equationD. The revenue and expense premise
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

B is the correct option.

Explanation:

This principle follows the assumption that a company will remain in business in the future. It means that the business will not have to halt operations or to liquidate the assets in the future. According to this principle, the accountant postpones the recognition of some expenses till a later period, and in that period the company will be in business will be effectively using the assets. It is a very important concept, without this, the company will not be able to prepay the expenses.

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Booker Petroleum Refiners (BPR) has an issue of 8-year, 11% annual coupon bonds outstanding. The bonds, which were originally is
Rzqust [24]

Answer:

$1,238.85

Explanation:

In this question, we use the present value formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Future value = $1,000

Rate of interest = 7%

NPER = 8 years

PMT = $1,000 × 11% = $110

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be $1,238.85

8 0
2 years ago
Write a short memo to Ms Loki explaining the business performance findings of your statement of cash flow.
UkoKoshka [18]

The memo explaining the business performance findings from the statement of cash flow will entails:

  • address of the receiver
  • subject of the memo
  • body of the memo.

<h3>What is a statement of cash flow?</h3>

This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.

Hence, the memo will inform Ms Loki about  business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.

Read more about statement of cash flow

brainly.com/question/24179665

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8 0
1 year ago
A ________ transaction in the interbank market is the simultaneous purchase and sale of a given amount of foreign exchange for t
miskamm [114]

Answer:

Explanation:

A swap transaction in the inter bank market is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates. The purchase and sale are with the same counterpart. A swap may be considered a technique for borrowing another currency on a fully collateralize basis.

3 0
3 years ago
The theory that higher-income taxpayers should be taxed less because their savings and investments stimulate the economy is know
Varvara68 [4.7K]

Answer:

The correct answer is: supply side economics.

Explanation:

Supply-side economics is a macroeconomic theory which advocates lowering of taxes and decrease in regulation to boost economic growth. It is directly in contrast to demand-side economics.  

This theory focuses on reducing taxes, decreasing regulations on producers and declining borrowing rates.  

This theory states that economic growth can be stimulated by boosting investments through tax reduction.

6 0
3 years ago
In the context of performance appraisal dimensions and standards, the goal of meeting product specification standards is an exam
Vadim26 [7]

Answer:

Output measure:

Explanation:

Output measure:

it is structured report on business output that describe about the goal achievement, illustrating the point that is beneficial for the project etc.

it consist of all details about any task, like quantity of material produce, how much of it delivered to the next level. it doesn't mentioned the internal factor like quality of work that would impact the stakeholder.

4 0
3 years ago
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