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Eduardwww [97]
3 years ago
8

What is the periodicity assumption?a. None of theseb. Companies should match expenses with revenuesc. Companies should recognize

revenue in the accounting period in which the performance obligation is satisfiedd. The economic life of a business can be divided into artificial time periodse. A principle that a company's fiscal year-end should correspond with the calendar year
Business
1 answer:
Misha Larkins [42]3 years ago
8 0

Answer: The economic life of a business can be divided into artificial time periods.

Explanation: As per the principal of continuity the existence of a company is perpetual thus to report the performance of the company to the stakeholders the existence of such company is divided into smaller periods and this method is termed as periodicity assumption.

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The end-of-period spreadsheet (work sheet) for the current year for Jamal Company shows Balance Sheet columns with a debit total
nika2105 [10]

Answer:

$63,620

Explanation:

Calculation to determine the amount of net income or net loss

Using this formula

Net income = Total debit - Total credit

Let plug in the formula

Net income=$570,210 -$506,590

Net income=$63,620

Therefore the amount of net income is $63,620

3 0
3 years ago
What is the duty of the designated rbs certified person at a non-profit organization's temporary alcohol event?
emmainna [20.7K]

There must be at least one RBS-certified individual on-site to oversee the alcohol service for non-profit groups that have obtained a temporary daily on-sale license or temporary daily off-sale license for an event. By the day of the event, this designated individual must have received their certification.

What is a nonprofit corporation?

  • Any company that has been legally established and is operated solely for charitable or nonprofit purposes is known as a nonprofit corporation.
  • A nonprofit corporation may apply for official status as one, may be taxed differently from for-profit businesses, and may be handled differently in other ways depending on the rules of the jurisdiction.
<h3>What kind of events sees the most drinking?</h3>
  • On Fridays and Saturdays, the weekly variation in alcohol consumption was at its highest and was especially high on Christmas and New Year's Eve.
  • On Christmas and New Year's Eve, on average, more people drank than on other weekends during the sampling period.

Learn more about non-profit here:

brainly.com/question/21307064

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4 0
2 years ago
An investor purchases a TIPS bond with a 3% coupon. During the first year, if the inflation rate is 8%, the principal value of t
maksim [4K]

Answer:

assuming that the cost of the bond was originally $1,000, its principal will be adjusted to $1,000 x (1 + 8%) = $1,080 at the end of the year.

Explanation:

TIPS stand for Treasury Inflation-Protected Securities, which means that the principal value of the security will be adjusted to inflation. The coupon rate is not adjusted, but since the principal is, if inflation rises, you will receive a higher coupon rate and the maturity value of the security will also increase.

8 0
3 years ago
Ramanond Technologies is an independent business that facilitates foreign exchange trades. In the context of institutions that m
earnstyle [38]

Answer:

Fiscal investors.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Under globalization, a fiscal investor refers to an independent business that facilitates or enhances foreign exchange trades between two or more countries.

This ultimately implies that, fiscal investors are institutions or business firms that make it possible for foreign exchange to take place with respect to the buying and selling of goods and services between countries.

8 0
3 years ago
An example of a business which would have no beginning or ending inventory but which could use process costing to compute unit c
kodGreya [7K]

Answer:D

Explanation:

4 0
3 years ago
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