These are the accounting assumption:
- Expense recognition principle: Charges are allocated to revenues at the appropriate time.
- Measurement principle: Changes in fair value that occur after purchase are not reported in the accounting.
- Full disclosure principle: Requires the reporting of all important financial information.
- Going concern assumption: Justification for not reporting plant assets at their liquidation value.
- Economic entity assumption: Recommends that personal and professional records be kept separate.
- Periodicity assumption: Divides financial data into time periods for reporting reasons.
- Monetary unit assumption: reported using the dollar as the "measuring stick," according to the monetary unit assumption.
Accounting assumptions are a set of guidelines that guarantee an organization's business operations are carried out effectively and in accordance with the standards established by the FASB (Financial Accounting Standards Board), laying the foundation for reliable, consistent, and valuable financial reporting.
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Answer:
$360
Explanation:
The computation of the total amount of interest income is shown below:-
Note amount = $8,000
Interest rate per year = 9%
Number of months = 6 months
Interest amount = Note amount × Interest rate per year × Number of months ÷ Total number of months in a year
= $8,000 × 9% × 6 ÷ 12
= $360
Therefore for computing the interest amount we simply applied the above formula.
An equation is considered as assertation of equality between two expressions containing variables. Equations are attempts to discover systematic answers.
<h3>
Cost of each cavity filling</h3>
Correct option is A.
Given Information:
- Total cost=$628.35
- Flat fee=$89.95
- Cavities filled=4
The trip to the dentist had a flat fee plus 4 cavities for a total cost of 628.35.
=fee + 4 * cost of cavity = 628.35
=Let x = the cost of each cavity
=89.95 + 4x =628.35
Subtract 89.95 from each side,
89.95-89.95 + 4x =628.35-89.95
4x =538.40
Divide each side by 4
4x/4 =538.40/4
x =134.60
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brainly.com/question/2263981
Two hundred or higher (200+)
Answer:
<em>a. A yield to maturity that is less than the coupon rate.</em>
Explanation:
If a coupon bond is selling at <em>premium</em>, this implies its current market price is higher than its par (face) value. But the coupon rate remains the same. So, since the price of bond has risen, the current market interest rate <em>(yield to maturity)</em> has to be less than the <em>coupon rate</em>. This is because the interest payment should be near about same or identical in case, when the bond is selling at premium and also in the case when the bond was selling at its par rate or value.
Hence, to arrive at around about the same interest payment, <em>all else constant, a coupon bond that is selling at a premium, must have a yield to maturity that is less than the coupon rate.</em>