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likoan [24]
3 years ago
15

The going concern assumption implies that: 1. a firm will continue to be in business for the foreseeable future. 2. a firm will

be going out of business in the near future. 3. a firm will continue to operate in the near future, but only after being acquired by another firm. 4. none of these.
Business
1 answer:
Charra [1.4K]3 years ago
7 0

Answer:

A firm will continue to be in business for the foreseeable future (A)

Explanation:

According to the accounting concept, a firm is a going concern if its financial statement (i.e Income Statement, Cash flow Statement and Statement of financial position ) and other relevant indicators show that it has the ability to continue in the business in the next 12 months (foreseeable future) and there is no intention to shut-down .

However, if there are indicators that show that the firm can't continue in the operation for the next 12 months, its financial statement should be prepared on break-up basis.

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A consumer products company wants more creativity in its research and development operations. The company has spent large amount
Ugo [173]

Answer:

• Diversify the workplace

• Use creativity- and mind-stimulating games

• Use (a) flexible workplace(s)

Explanation:

1. Diversify the workplace

Employees consisting of different types of people, in terms of age, social status, race, gender and ethnicity, can help boost creativity in the workplace. Different backgrounds and experiences from the members will allow for different ideas to flow among the team.  Differences will also make the team appreciate each other and make the entire team versatile.

2. Use creativity- and mind-stimulating games

Games that are open ended and not structured can help boost creativity. Each participant will have a different response which will allow more development and inventive ideas. Research can be done through guessing games that stimulate the mind or  artistic games such as acting scenes, etc.  

3. Use (a) flexible workplace(s)

Office space with air-conditioners and four walls may restrict the amount of creativity and result in the same, dull, exhausted ideas over time. To increase the level of creativity, the team should use different workplaces randomly for a change of scenery. One day spent at a park, the next day could be spent in a laboratory and the next could be spent in a library. Different environments can spark new, fresh ideas that can assist with research and development.  

7 0
4 years ago
Read 2 more answers
Which question can help a writer analyze a prompt and develop a claim for an argumentative essay?
lana66690 [7]

the answer is b.

i took the test

3 0
3 years ago
Read 2 more answers
What can I do to block out screaming/ fighting parents?
Triss [41]

Answer:

Tell them to shut up and let you do your work

Explanation:

5 0
4 years ago
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According to management scholar Henry Mintzberg, which of the following is true of managers?
Ad libitum [116K]

Answer:

They have work that is characterized by fragmentation, brevity, and variety.

Explanation:

Hentry Mintzberg, a famous American non-fiction author, wrote in one of his books on management about the roles of managers. In it, he described their work as being fragmented, short, and varied.

Fragmented means that they often have to stop what they're doing in order to jump into something else that may be more urgent. Brevity refers to the fact that they usually do things quickly because of how many obligations they have. Variety refers to the various types of work they have to perform within their obligations.

7 0
3 years ago
A Plus Appliances sells dishwashers with a fourminusyear warranty. In​ 2019, sales revenue for dishwashers is $ 88 comma 000. Th
Ierofanga [76]

Answer:

Warranty Expense       (Debit)   $3,960

Warranty Liability                                        (Credit) $3,960

Explanation:

The principle we apply while making entries for standard warranty is this:

The <u>estimated amount of warranty expense</u>, <em>which a company founds as a percentage of its sales from historical claims and data</em>, is taken as benchmark to accrue the warranty expense in the period when the sale is made <em>(matching principle) .</em>

<em />

In our question, 4.5% is the estimated warranty expense.

The company then sets off the estimated warranty expense (Debit)

(<em>4.5% * $88,000 = $3,960</em>)

with the warranty liability (Credit) to entertain any claims in future.

3 0
3 years ago
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