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lorasvet [3.4K]
3 years ago
7

Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users

should be reported in the financial statements? Going concern. Historical cost. Full disclosure. Matching.
Business
1 answer:
sladkih [1.3K]3 years ago
7 0

Answer:

The answer is: full disclosure principle

Explanation:

Full disclosure principle in accounting refers to the requirement that businesses are supposed to provide all material information pertaining to their operations to the stakeholders of the business so as to facilitate better decision-making frameworks when evaluating the business.

The going concern principle is based on the assumption that the business will not cease operating in the foreseeable future. The matching principle requires that the expenses incurred in carrying out an economic activity are recorded in the same period as the revenues earned from that activity. The historical cost principle requires assets or liabilities to be recorded at their acquisition value.

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Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products on the bas
rewona [7]

Answer:

We will only produce further product Y and Z

Explanation:

We should check the increase in sales revenue with the increase in cost to know if further process acheive a gain:

<u>Product X</u>

Increase in sales value:

348,000 - 340,000 =  8,000

Additional Cost:     <u>   (38,000)  </u>

difference:                 (30,000) Non-profitable

<u>Product Y</u>

Increase in sales revenue:

185,000 - 150,000 =  35,000

additional cost:      <u>   (30,000)  </u>

difference:                   5,000 Profitable

<u>Product Z</u>

Increase in sales revenue:

147,000 - 110,000 =   37,000

additional cost:    <u>    (22,000)   </u>

difference:                 15,000 Profitable

3 0
3 years ago
Describe one way advertising has played a role in something you've purchased.
erica [24]

Answer:Advertising has made me really want to buy many different things. It mostly effected me when I was younger, because I would watch tv a lot. I would constantly beg my parents to buy me some stupid toy I had saw on a commercial.

Explanation:

4 0
3 years ago
Read 2 more answers
Samantha works as a marketing manager for a cosmetics manufacturer. She plans to suggest a specific type of business model that
galina1969 [7]

<em>A) Franchise is a business model Samantha have in mind.</em>

Answer: <em>A) Franchise </em>

Explanation:

Franchise is the business model which is adopted by many business organisation for the purpose of business expansion. Where the other new business holders carry out the business using the company's procedure, brand name etc.

Under the same name and business line, the business is carried out by the new reciters and a amount of their profit is earned by the owner of the business. Here in this case Samantha is using Franchise business model.

8 0
3 years ago
Read 2 more answers
What basically compares what an individual owes compared with how much they earn monthly?
STALIN [3.7K]

Answer:

C. Debt to Income Ratio

Explanation:

The debt to income ratio (DTI)provides a picture of the level of debts of a borrower. The DTI is usually expressed as a percentage of gross income. A high debt to income ratio indicates a person spends a high percentage of income on paying debts.

Lenders use the debt to income ratio to assess a borrower's ability to repay debts. Individuals with low DTI are preferred to those with a high one.

3 0
3 years ago
In doing "aggregate planning" for a firm producing paint, the aggregate planners would most likely deal with:
Gennadij [26K]

Answer:

The answer is option D) In doing "aggregate planning" for a firm producing paint, the aggregate planners would most likely deal with: all the different sizes and all the different colors by size.

Explanation:

Aggregate planning is concerned with forecasting the needs operational needs of an organization and making provisions for them ahead of time.

Aggregate planners develop, analyze, and draft an estimated schedule of the overall operations of an organization.

This estimated schedule contains targeted sales forecasts, production levels, inventory levels, and customer backlogs.

In doing "aggregate planning" for a firm producing paint, the aggregate planners would most likely deal with: all the different sizes and all the different colors by size.

The purpose of aggregate planning is to maximize the utilization of  equipment in order to increase productivity levels.

8 0
3 years ago
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