Answer:
The correct answer is letter "D": All of the listed answers are correct.
Explanation:
Accounts Payable Turnover ratio measures the speed at which a company pays its suppliers. The ratio is calculated by dividing the company's total purchases from suppliers by its average accounts payable amount over the same period. The accounts payable turnover ratio measures the liquidity firms have in the short-term.
Is this the whole question?
The accounting concepts that provide guidance for recording the following business events are as follows. The business transactions are numbered from (a) to (e) below:
1) Materiality Concept is applied because the impact of the cost of the tape dispenser being "expensed" is not significant on the reader of the financial statement.
2) Entity Concept requires separation between the finances of the owner from the finances of the business. The business is a separate economic unit distinct from the sole proprietor.
3) Prudence Concept demands that expenses (like the bad debt written off) and liabilities are not underestimated and revenues and assets should not be overestimated.
4) Historical Cost Concept: Generally accepted accounting principles require the initial recognition of an asset at its purchase cost and not fair value.
5) Accrual Concept and Matching Principle: The accrual concept requires that expenses that have been incurred for a period should be accounted for in that period, whether cash payment is made or not. The matching principle states that expenses (Van Repair Expense) should be matched to the revenue that they generate.
Thus, accounting concepts are the basic assumptions, rule, and principles for recording business transactions and events and preparing accounts and financial statements.
Learn more about accounting concepts at brainly.com/question/24425761
Answer:
Cost of goods sold (rounded) under LIFO is $1.403
Explanation:
Date Q Cost U.Cost Sold Inventory Cost
nov-01 31 192,2 6,2 0 31 0
nov-08 125 837,5 6,7 52 73 348
nov-17 62 406,1 6,55 62 0 406
nov-25 94 648,6 6,9 94 0 649
312 208 104 1403
The cause of this loan would be “big lending.”
<span>Advertising must be reviewed by the BRE, which is one of the requirements of the state. These big lenders also use their real estate licenses in order to accomplish the said activities.</span>
