All categories

3 years ago

The unit of measure assumption states that:

Business

1 answer:

Gelneren [198K]3 years ago

4 0

Answer:

c) results of business activities should be reported in an appropriate monetary unit.

Explanation:

The unit of measure concept is a standard convention used in accounting, under which all transactions must be consistently recorded using the same currency so the periods are comparable.

You might be interested in

Dan has a personal umbrella policy with a $1 million limit. The self-insured retention is $250. Dan has a homeowners policy with

alekssr [168]

Answer:

The personal umbrella policy is excess liability insurance that provides protection against legal liability that is over and above that provided by auto, home, and boat insurance. People with significant assets need an umbrella liability policy to cover lawsuits that can sometimes amount to millions of dollars.

The umbrella policy also has broad coverage that covers some claims that wouldn't be covered at all by home and auto insurance, such as personal injury lawsuits arising from false arrest, slander and libel, or rental units that the insured may own. Not only is the cost of direct damages covered, but also the cost of consequential damages, such as the lost income suffered by a severely injured person because of the injuries. The personal umbrella policy also pays for the legal defense of lawsuits that is in addition to the policy limit for damages. So if you are sued and held liable for $1 million, and your legal costs are $200,000, then a policy providing $1 million of coverage will pay the full claim plus the $200,000 for legal costs.

Explanation:

5 0

3 years ago

The sales era emerged because of an increased need to move products during the Great Depression.

marissa [1.9K]

I think it’s false because no one was buying anything during the depression

4 0

3 years ago

Gilberto Company currently manufactures 90,000 units per year of one of its crucial parts. Variable costs are $3.20 per unit, fi

Elina [12.6K]

Answer:

Part 1

total incremental cost of making 90,000 units = $388,000

total incremental cost of buying 90,000 units = $396,000

Part 2

There is a cost advantage of $8,000 of making than buying, therefore the company should continue to manufacture the part.

Explanation:

total incremental cost of making 90,000 units

Variable costs are ($3.20 x 90,000 units) $288,000

Fixed Costs $100,000

Total $388,000

total incremental cost of buying 90,000 units

Purchase Price ($4.40 x 90,000 units) $396,000

Total $396,000

Decision :

There is a cost advantage of $8,000 of making than buying, therefore the company should continue to manufacture the part.

6 0

3 years ago

In making single-asset real estate investment decisions, the first pass often involves calculating a series of returns, ratios,

Lostsunrise [7]

Answer:

C. They fail to incorporate cash flows beyond the first year of the analysis.

6 0

3 years ago

Suppose Keyboard estimates it will use 125 comma 000 comma 000 parts per month and ship products with a total volume of 27 comma

djverab [1.8K]

Answer:

Kitting: $0.072 per part and Boxing: $0.764 per cubic feet

Kitting: $12.6 and Boxing: $6.9

Explanation:

Given that Keyboard spends $9,000,000 per month on kitting and $21,000,000 per month on boxing.

Keyboard estimates it will use 125,000,000 parts per month and ship products with a total volume of 27,500,000 cubic feet per month.

a) Since Kitting costs based on the number of parts used in the computer:

The predetermined overhead allocation rate for kitting = Money spent on kitting / number of parts used per month = $9000000 / 125000000 = $0.072 per part

Since Boxing costs based on the cubic feet of space the computer required:

The predetermined overhead allocation rate for Boxing = Money spent on Boxing / total = $21000000 / 27500000 = $0.764 per cubic feet.

a) each desktop computer requires 175 parts and has a volume of 9 cubic feet

For kitting, Activity cost per desktop = Predetermined overhead allocation rate x quantity per desktop = $0.072 × 175 = $12.6

For Boxing, Activity cost per desktop = Predetermined overhead allocation rate x quantity per desktop = $0.764 × 9 = $6.9

8 0

4 years ago