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AleksAgata [21]
4 years ago
13

Identify the accounting​ concept, assumption, or principle that best applies to each of the following​ situations: a. Inflation

has been abound​ 2.5% for some time. VillageVillage Realtors is considering measuring its land values in​ inflation-adjusted amounts. b. You get an especially good buy on a laptoplaptop​, paying only $ 300$300 when it normally costs $ 800$800. What is your accounting value for this laptoplaptop​? c. Burger KingBurger King​, the restaurant​ chain, sold a store location to McDonaldMcDonald​'s. How can Burger KingBurger King determine the sale price of the storelong dash—by a professional​ appraisal, Burger KingBurger King​'s original​ cost, or the amount actually received from the​ sale? d. General MotorsGeneral Motors wants to determine which division of the companylong dash—ChevroletChevrolet or CadillacCadillaclong dash—is more profitable.
Business
1 answer:
lianna [129]4 years ago
6 0

Answer:

The list is follows:

a. Inflation has been abound​ 2.5% for some time. Village Realtors is considering measuring its land values in​ inflation-adjusted amounts - Stable-monetary-unit assumption

b. You get an especially good buy on a laptop​, paying only $ 300$300 when it normally costs $ 800. What is your accounting value for this laptop? - Historical cost principle

c. Burger King​, the restaurant​ chain, sold a store location to McDonald. How can Burger King determine the sale price of the store long dash—by a professional​ appraisal, Burger King​'s original​ cost, or the amount actually received from the​ sale? - Historical cost principle

d. General Motors wants to determine which division of the company long dash—Chevrolet or Cadillac long dash—is more profitable - Entity assumption

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Answer:

true

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5. Complacency  

9. Lack of knowledge  

2. Distraction  

6. Lack of teamwork  

10. Fatigue  

3. Lack of resources  

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4. Stress  

8. Lack of awareness  

12. Norms

B.How the Acts can help in this Life -  Track Your Time, Determine Your Priorities ,Set Specific Goals ,Schedule Scrupulously,Establish Boundaries .

C. What is Professionalism in the Workplace?

Professionalism has to do with the way a person conducts himself or herself in the workplace. An individual who shows consideration and respect for others demonstrates a commitment to professionalism. Likewise, a person who keeps his or her word, demonstrates loyalty, and exceeds expectations is demonstrating professionalism.  

There are four key elements that demonstrate a professional attitude. These are:  

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Explanation:

3 0
3 years ago
QRM, Inc.'s marginal tax rate is 35%. It can issue 10-year bonds with an annual coupon rate of 7% and a par value of $1,000. Aft
puteri [66]

Answer:

4.87%

Explanation:

In this question , we are asked to calculate the appropriate after-tax cost of new debt for the firm to use in capital budgeting analysis.

PMT = 1000*7% = 70 (indicates the amount of interest payment)

Nper = 10 (indicates the period over which interest payments are made)

PV = 966 (indicates the present value)

FV = 1000 (indicates the future/face value)

Rate = ? (indicates the cost of debt)

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6 0
3 years ago
ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year f
Doss [256]

Answer:

The worth of the contract today = $3,480,817.37

Explanation:

To determine the worth of the contract today,

We will work out the present value of each of the expected future cash cash payment at a discount rate rate of 8.7% and sum them.

The present valus of the payments indicate how much they worth today if the ST Trucking can invest at a rate of 8.7% per annum

This is done as follows:

PV = 1,100,00× (1.087)^(-0)  + (1,300,000 × (1.087)^(-1) + (1400000 ×(1.087)^(-2)

PV = 1,100,000 +  1,195,952.2 +  1,184,865.2

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The worth of the contract today = $3,480,817.37

7 0
3 years ago
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tatyana61 [14]

Answer:

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C. A credit togross profit

Explanation:

An entry to Gross Profit does not exist because the gross profit it's the result of the total sales minus the Cost of Goods, so the Gross Profit it's a result and not a journal entry.

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A. A debit to cost of goods sold

D. A credit to inventory

B. A debit to delivery expense

A credit to Cash

3 0
3 years ago
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