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luda_lava [24]
3 years ago
10

A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company decided to record the asset

at $40,000. This is a violation of which accounting principle?A. RelevanceB. Historical costC. MaterialityD. Recognition
Business
1 answer:
grin007 [14]3 years ago
7 0

Answer: This is a violation of "B. Historical cost" principle.

Explanation: This principle establishes that assets must be registered at the time of purchase at historical cost.

The historical cost of an asset initially arises from its purchase value. To this value are added all the expenses that were necessary to place it in a position to operate or generate income.

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if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la
dimaraw [331]

Robert M. McMath, would be best  for a marketer like Colgate to launch a new consumer product like toothpaste Study past toothpaste product failures and learn from them.

What is Product launching?
A product launch involves multiple teams, including  sales teams, customer support teams, product teams, product marketing, event management, and even managers. Each team aligns and collaborates to maximize go-to-market potential, building anticipation, interest, brand awareness and momentum in the process. Some product launches are more memorable and successful than others. For example, when Apple releases a new iPhone, it circulates several press releases and articles before unveiling the new design at its annual conference. This creates so much excitement and hype that potential users line up at retail outlets overnight to get their hands on the device.

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5 0
1 year ago
What is an example of a consumer good that you could also use as an industrial good to start a business?
Karolina [17]

Answer:

lets say the Sugar

Explanation:

Sugar is a consumable good as u can use to make tea, it also can be used in the production of many industrial goods eg beverage, brewery, etc

6 0
3 years ago
One year ago, you purchased 500 shares of stock for $22 a share. The stock pays $0.32 a share in dividends each year. Today, you
galben [10]

Answer:

no option is correct

long term capital gains = ($24.50 - $22) x 500 = $1,250

dividend income = $0.32 x 500 = $160

total return = $1,410

Maybe your teacher is asking about long term capital gains only. If that is the case, then option A. $1,250 is correct

Explanation:

total return = ending value - initial value + dividends received = (500 x $24.50) - (500 x $22) + (500 x $0.32) = $12,250 - $11,000 + $160 = $1,410

holding period return = (ending value - initial value + dividends received) / initial value = $1,410 / $11,000 = 0.1282 = 12.82%

8 0
3 years ago
When there is allocative efficiency in a market, the buyers' maximum willingness to pay for the last unit traded is equal to the
VashaNatasha [74]

<em>That answer is A. True</em>

5 0
4 years ago
Read 2 more answers
The value of Investment A at the end of year 5 is $20,000. Assuming that interest is compounded annually, and the interest rate
mina [271]

Answer:

PV= $13,611.66

Explanation:

Giving the following information:

Future Value (FV)= $20,000

Number of periods (n)= 5 years

Interest rate (i)= 8%

<u>To calculate the present value, we need to use the following formula:</u>

FV= PV*(1+i)^n

Isolating PV:

PV= FV/(1+i)^n

PV= 20,000 / (1.08^5)

PV= $13,611.66

3 0
3 years ago
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