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forsale [732]
3 years ago
8

The trial balance for a business at a given point in time typically has much more detailed information than what is depicted on

the financial statements. What is the accounting concept that allows for the information from the trial balance to be condensed to what is displayed on the financial statements
Business
1 answer:
Verizon [17]3 years ago
4 0

Answer:

Going Concern Concept

Explanation:

The Information from a trial balance is usually shown at <em>historic values</em> and not <em>market values</em>. The financial statements also show the amounts in historic not Liquidation / market values.

Thus we say the entity is<u> foreseen to be in operation in future</u> thus it is a going concern. The concept applied therefore is the Going Concern Concept.

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Assume for the United States that the opportunity cost of each airplane is 50 cars. Which of these pairs of points could be on t
katrin [286]

Answer:

B

Explanation:

Opportunity cost refers to the benefit of something forgone in choosing an alternative.

the opportunity cost  of 50 cars equals one airplane

the pairs of points that could be on the United States; production possibilities frontier is 200  airplanes , 12500 cars and 150 airplanes, 15 000 cars.

since 50 airplanes reduction  = 50 × 50 cars increment = 2500 cars

3 0
4 years ago
Read 2 more answers
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
grigory [225]

Answer:

GDP deflator

CPI

Explanation:

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Basket of goods includes goods produced within the country and outside the country.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

An increase in the price of a Japanese-made television that is popular among U.S. consumers will increase CPI

GDP deflator = (nominal GDP / real GDP) x 100

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing will decrease GDP deflator

3 0
3 years ago
$60 one year ago. The stock is now worth $70. During the year, the stock paid a dividend of $2.25. What is the total return to G
Nitella [24]

$60 one year ago. The stock is now worth $70. During the year, the stock paid a dividend of $2.25. The total return to George from owning the stock would be 20% (after rounding off the answer to the nearest whole percent).

  • Total return on share is the summation of dividend and price appreciation.
  • Since, the dividend = $2.25
  • Then, to ascertain price appreciation we need to subtract the dividend from the total return on the share.
  • Price appreciation = $70 - $60 = $10
  • Total return can be calculated hence.
  • Total return = $10 + $2.25 = $12.25
  • Therefore, the total return for George was $12.25.
  • To round off the answer to the nearest whole percentage:
  • Total return percent = $12.25/$60 = 20% approximately

Therefore, the total return to George from owning the stock would be 20%.

Learn more about total returns here:

brainly.com/question/13078425

#SPJ4

8 0
2 years ago
In one year, 50 bowling alleys opened in California. During that same year, ESPN started broadcasting professional bowling on TV
Leno4ka [110]

Answer:

d.Equilibrium price will be indeterminate and equilibrium quantity will go up.

Explanation:

An increase in demand and a decrease in supply will cause an increase in equilibrium price, but the effect on equilibrium quantity cannot be detennined. ... If demand and supply change in the same direction, the change in the equilibrium output can be determined, but the change in the equilibrium price cannot.

3 0
3 years ago
With reference to product development, a _____ is defined as a set of systems and interfaces that form a common structure.
Gre4nikov [31]

Answer: product platform

Explanation: A product platform could be defined as a collection elements or specifications which may include design, pattern, formular, component or a certain technology adopted for building a certain product series. A product platform is aimed at increasing the speed and rate at which a certain product is produced, added flexibility in situations where little adjustment is required, cost effectiveness as it requures little upgrade in making new products and lessens developmental cost.

6 0
4 years ago
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