Answer:
The separate-entity assumption
Explanation:
The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.
In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.
Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.
Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.
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Iternationa;zation is the vision of creating one world unit a single market entity, b.
Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable
<h3>What is the labor efficiency variance?</h3>
This can be found as:
= (Actual hours x Standard rate) - (Standard hours x Standard rate)
Solving gives:
= 83,000 - 85,000
= $2,000 unfavorable
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Answer:
Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three other students. One of your roommates has to suddenly move out! How much will your share of the expenses increase to, until you can find a new roommate?
if $750= 1 month
?= 12 months
then we have; $9000 per year shared by 4 friends
9000/4= $2250 per person in a year and
2250/12= $187.5 per person in a month
If someone left, then we have
$750= 1 month
?= 12 months
$9000/3= $3000 per person in a year
$3000/12= $250 per person in a month
So therefore, the share of expenses monthly increases from $187.5 to $250
Explanation:
