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Kobotan [32]
2 years ago
6

Financial literacy includes information about income, banking, loans, and credit cards.

Business
2 answers:
Dimas [21]2 years ago
5 0
It is true hope this helps
mote1985 [20]2 years ago
4 0
True, it does include those
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Which of the following is true? Overhead costs are often affected by many issues and are frequently too complex to be explained
11111nata11111 [884]

Answer:

Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.

Explanation:

An overhead cost is not directly defined, to be that of material, or labor, or any other unit, overhead include, many factors, electricity usage, machine hours usage, water usage, or the capacity utilization of machinery, and various other factors. Since its computation and allocation is not clear many a times, a single overhead like that of electricity, has many factors, ideal usage of electricity, or machine hours used in production or simply the total cost of overheads for that month or building or etc: and its utilization. In short, to conclude we can state that overhead costs are complex in nature.

All other options are false.

Final Answer

Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.

8 0
2 years ago
Presented below are the basic assumptions and principles underlying financial statements. a. Historical cost principle d. Going
dimulka [17.4K]

Answer:

1. Periodicity assumption.

2. Going concern assumption.

3. Historical cost principle.

4. Economic entity assumption.

5. Full disclosure principle.

6. Monetary unit assumption.

Explanation:

1. <u><em>Periodicity assumption</em></u>: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.

2. <em><u>Going concern assumption</u></em>: The business will continue in operation long enough to carry out its existing objectives.

3. <em><u>Historical cost principle</u></em>: Assets should be recorded at their acquisition cost.

4. <em><u>Economic entity assumption</u></em>: Economic events can be identified with a particular unit of accountability.

5. <em><u>Full disclosure principle</u></em>: Circumstances and events that could make a difference to financial statement users should be disclosed.

6. <em><u>Monetary unit assumption</u></em>: Only transaction data that can be expressed in terms of money should be included in the accounting records.

5 0
3 years ago
Arthur is a truck driver who owns his own business. He has been on the road for several months, and the constant wear and tear o
uranmaximum [27]

Answer:

<u>Letter B is correct</u>. Will be reduced.

Explanation:

In this case, Arthur's taxes will be reduced. This situation happens according to some legal criteria. Arthur is a sole proprietor of his business, and since he has had significant losses tied to his business, he has the right to reduce personal expenses on such losses by subtracting this cost from his tax obligations.

5 0
3 years ago
PLEASE HELPP ME 100PTSS
Keith_Richards [23]

Answer: I would lose my job and have to use my savings to pay for my studies

Explanation:

I want to do a Ph.D. outside the country and I understand that leaving would involve taking many risks, one of which is leaving my current job. I have a good job and there would be no guarantee that after 4 years he will be there waiting for me. Another cost is the high price that would have to pay for the cost of the enrollment since it would be foreign and foreigners have to pay more.

It is a decision that I have to think well since if I leave and after 4 years I come back, it would be to a certain extent to start from scratch and it could be more difficult to re-enter the labor market.

4 0
3 years ago
Suppose you manage an upscale restaurant in New York City. __________ would involve writing employee schedules and a list of thi
Alex777 [14]

Operational Planning

Writing employee schedules and a list of things to do for the chef and other kitchen staff are the part of operational planning. Operational planning is the procedure of preparation of strategic goals of an organization. The operation plan gives the strategies of resource allocation to achieve goals. Therefore, writing the employee schedules and the things kitchen staff should be a part of operational planning.

8 0
3 years ago
Read 2 more answers
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