Answer:
(a) Belief that a company will remain in operation for the foreseeable future.
Accounting assumption or principle: Going concern assumption
(b) Indicates that personal and business record-keeping should be separately maintained.
Accounting assumption or principle: Economic entity assumption
(c) Only those items that can be expressed in money are included in the accounting records.
Accounting assumption or principle: Monetary unit assumption
(d) Separates financial information into time periods for reporting purposes.
Accounting assumption or principle: Periodicity assumption
(e) Measurement basis used when a reliable estimate of fair value is not available.
Accounting assumption or principle: Historical cost principle
(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.
Accounting assumption or principle: Full disclosure principle
Answer:
Janine and Josh
Josh can advise Janine of each of the following except:
Josh should tell Janine that she can only change her current plan to a 5-
star plan during the Annual Election Period.
Explanation:
The Special Election Period (SEP) for the 5-star Medicare Plan lasts one week, that is, between Nov. 30 and Dec. 8. However, there is an Annual Enrollment Period (AEP) that lasts from October 15th to December 7th. During the annual enrollment period, any plan holder can change her Medicare plan, depending on its availability in her area.
Cecil Rhodes co-founded the DE beers mining company and used his power to increase British control of African territory. <span />
Answer:
A.) 6.63%
Explanation:
Using a Financial calculator, key in the following inputs to solve for YTM;
Face value of the bond ; FV = 1,000
Price of the bond; PV= 103.3% *1,000 = -1,033
Total duration or time to maturity of the bond; N = 14 years
Use annual coupon rate to find Coupon payment (PMT);
Coupon PMT = coupon rate * Face value
coupon rate = 7% OR 0.07 as a decimal
Coupon PMT = 0.07 *1,000 = 70
Next, with these inputs, press on buttons; CPT I/Y = 6.631%
Therefore, the Pre-tax cost of debt = 6.63%
Answer: John will increase his satisfaction by purchasing the candy bar
Explanation: marginal benefit is a maximum amount a consumer is willing to pay for an additional good or service. It is also the additional satisfaction or utility that consumer receives when the additional good or service is purchased. The marginal benefit for a consumer tends to decreases as consumption of the good or service increases. A marginal benefit applies to any additional unit purchased for consumption after the first unit has been acquired.
For example, if a person purchases a burger for $10, it is assumed the consumer is obtaining at least $10 worth of perceived value from the item.
