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n200080 [17]
3 years ago
15

______________separates financial information into time periods for reporting purposes. (select an option)

Business
1 answer:
geniusboy [140]3 years ago
3 0

Answer:

a. Periodicity assumption

Explanation:

There are various assumptions and principles out of which few are given below:

1. Periodicity assumption: According to this, the business activities are divided on the monthly, quarterly, half yearly, yearly financial statements

2. Monetary unit assumption: According to this, the business transactions should be expressed in term of monetary units.

3. Economic entity assumption: According to this, the business activities or record keeping should be separate from its owners, shareholders, etc.

4. Going concern assumption:  According to this, the business should be run for the longer time or forever. It will keep the business in running and there is no intention to closed or liquidate it.

In the given situation, the most appropriate option is a.

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National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value of
Snowcat [4.5K]

Answer:

$15.43

Explanation:

Following actions are required for triangular arbitrage:

Available: $ 10,000

Buy sterling pound @ 1 $ = 1.62 pounds and receive pounds 6172.84 upon conversion.

Now, sell these pounds and purchase NZ $ at the rate :

1 pound = NZ $ 2.95 and receive NZ$ 18209.87

Now, reconvert the above proceeds into US $ at the rate

1 NZ $ = $0.55 i.e sell NZ $ at this rate and receive US $ 10,015.4285

Hence profit from implementing triangular arbitrage is $10,015.43 - $10,000

= $15.43

Arbitrage refers to the prospect of earning a profit by utilizing the mispricing in two different financial markets. An arbitrageur never uses his own funds and always borrows.

Arbitrage works only in the scenario wherein the interest rate purchase parity (IRPT) does not hold good.

The strategy of arbitrage is best explained as "Buy at low price and sell at a high price".

 

7 0
3 years ago
Your phone service provider offers a plan that is classified as a mixed cost. The cost per month is $50 flat rate for the first
fomenos

Answer:

$120

Explanation:

The computation of the cost is shown below:

= Cost per month flat for 1,000 units + extra cost if exceeded 1,000 minutes

where,

Cost per month flat for 1,000 units = $50

And, the extra cost is

= $0.35 × 200 minutes

= $70

So, the total cost is

= $50 + $70

= $120

The 200 minutes is come from

= 1,200 minutes - 1,000 minutes

4 0
3 years ago
An insurer hires an advertising agency to create an advertisement for a health insurance policy. The public complains that the w
OLga [1]

Answer:

The insurer shall be held liable

Explanation:

For any published or displayed content which relates to the insurer or it's products, the insurer shall be made liable for any inappropriate content.

In cases wherein the advertisement function has been assigned to an insurance agency, even in such a scenarios, the sole responsibility rests with the insurer and it's their primary responsibility to check upon the content advertised.

Thus, if any inappropriate content or misleading claims are made, it shall be assumed those have been issued by consent of the insurer and the insurer cannot escape this liability.

5 0
3 years ago
Identify at least five different Human Services careers that you could pursue in your home state, and choose the three that appe
oee [108]

Answer:

Human services careers: Nurse, Child Life Specialists, Licensed Clinical Social Workers (LCSW), Psychologist, Counselor, Marriage and Family Therapist, and Behavioral Management Aide.

Explanation:

You could write about any of these ->

Try writing about being a nurse.

They help everyone in the hospital setting and the families of the patients.

Go through years of training to help people.

Put other people before them.

Three colleges that you can take nursing classes at are: NIU, UIC and Lewis university.

4 0
2 years ago
Read 2 more answers
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AfilCa [17]
Hey, The answer is true. Hope I helped!!
5 0
3 years ago
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