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3 years ago

____________indicates that personal and business record keeping should be separately maintained. (select an option)

Business

1 answer:

masya89 [10]3 years ago

6 0

Answer:

c. Economic entity assumption

Explanation:

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

1. Expenses recognition principle: According to this, the expenses of a particular year would be recorded on that year itself as the sale is recorded for the particular year

2. Full disclosure principle: According to this, all the important information should be disclosed by the company which can change the decisions of the users of the company

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 a 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 c.

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Identify accounts by category and financial statement(s). Listed here are a number of financial statement captions. Indicate in

konstantin123 [22]

Explanation:

The categorizations are shown below:

Accumulated depreciation = A and BS

Long-term debt = L and BS

Equipment = A and BS

Loss on sale of short-term investments = LS and IS

Net income = R and IS

Merchandise Inventory = A and BS

Other accrued liabilities = L and BS

Dividends paid = OE and BS

Cost of goods sold = E and IS

Additional paid-in capital = OE and BS

Interest income = R and IS

Selling Expense = E and IS

6 0

3 years ago

8. When a loan is amortized, a relatively high percentage of the payment goes to reduce the outstanding principal in the early y

Ludmilka [50]

Answer:

False

Explanation:

Amortization an act of spreading a loan into a series of fixed payments over time. An amortized loan is a loan with scheduled periodic payments of both the principal and interest. It first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.

Payments are made in regular installments of constant amount that consists of both principal and interest.

Common examples of amortized loans include student loans, car loans and home mortgages.

3 0

3 years ago

The team is struggling to agree on the Story point sizing of a new User Story. The Product Owner was previously a related domain

sp2606 [1]

Answer:

Continue to support the team's decision on sizing.

Explanation:

Before rolling out a product by a company, there is what is called user story which is usually being deliberated by the product team. The purpose is to ensure that the specifications as contained therein is in line with what customers wanted and same is well understood by the parties involved before rolling out the product.

A product owner who feels the team is wasting time has no option than to support the team's decision on point sizing because she is a member of the team. Moreover, the team has to come up with the best user story after point sizing and deliberation.

Also, as a product owner who is also part of the product team; they are known to be team oriented hence must continue to support whatever decision that is made by the team.

4 0

4 years ago

Suppose that we observe two comparable properties that have each sold twice within the past four years. Property A sold 24 month

Elina [12.6K]

Answer:

0.475% per month

Explanation:

value of property A 24 months ago = $500,000

current value of property A = $425,000

total decrease in value = $500,000 - $425,000 = $75,000 or 15%

monthly % decrease:

1.15 = (1 + r)²⁴

²⁴√1.15 = (1 + r)

1.0058 = 1 + r

r = 0.00584 = 0.58% decrease per month

value of property B 48 months ago = $575,000

current value of property A = $465,000

total decrease in value = $575,000 - $465,000 = $110,000 or 19.13%

monthly % decrease:

1.1913= (1 + r)⁴⁸

⁴⁸√1.1913 = (1 + r)

1.0037 = 1 + r

r = 0.0037 = 0.37% decrease per month

if both properties are weighted equally, then the market decrease per month = (0.58% x 1/2) + (0.37% x 1/2) = 0.475% per month

4 0

3 years ago

The growth of industrial manufacturing affected skilled tradesmen by:.

alina1380 [7]

answer:

removing control of their labor and their sense of independence.

8 0

2 years ago