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3 years ago

Identify the accounting concept or principle that gives the most direction on how to account for each of the following

Business

1 answer:

inysia [295]3 years ago

3 0

Answer:

A) Expense recognition principle: expenses are recorded in the accounting periods at which they are consumed.

B) Time period principle: companies should report their operations over a standard period of time.

C) Revenue recognition principle: revenue should only be recognized when the company has substantially completed the earnings process. In this case the surgeon has completed the earning process, i.e. the surgery, so he/she should record the revenue.

D) Revenue recognition principle: revenue should only be recognized when the company has substantially completed the earnings process. construction companies use two methods to record revenue: percentage of completion (PC) method and completed contract (CC) method.

E) Expense recognition principle: expenses are recorded in the accounting periods at which they are consumed. The expenses has to be recorded this year.

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After mary's gifts and cards surveyed its customers, it discovered that its customers preferred the company's competition more t

blsea [12.9K]

The stage of Lewin's theory that relates to this case would be stage one (Unfreezing). This stage is the process where people find methods to let go of their old pattern of behavior. Therefore, the company would re-evaluate their customer service and try to decrease the issues that are affecting their customer choice.

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3 years ago

Eyan is giving a seminar on environmental conservation efforts in a local factory. Which qualities is Eyan using when writing an

alexgriva [62]

Answer: critical-thinking skills and knowledge of environmental regulations

Explanation:

Since Eyan is giving a seminar on environmental conservation efforts in a local factory, the quality that Eyan is using when writing and presenting his seminar will be critical-thinking skills and knowledge of environmental regulations.

Eyan should possess critical thinking skill as he should be able to think clearly and at the same time should also have knowledge of environmental regulations.

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3 years ago

Read 2 more answers

An index model regression applied to past monthly returns in Ford’s stock price produces the following estimates, which are beli

Lady_Fox [76]

Answer:

Abnormal change in Ford's stock = -1.80%

Explanation:

Abnormal change in return Ford's stock change =Increase in Ford's Stock change -Beta*Change in Ford's Stock Price

=7% -1.1*8% =-1.80%

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3 years ago

The Sensor Dynamics Corporation did a scientific study on the impact of absenteeism on increased costs. It determined that there

valentina_108 [34]

Answer:

d. Absenteeism significantly increases costs.

Explanation:

Correlation shows how a change in the value of one variable cause a change in the value of another variable either in the same direction or opposite direction. correlation coefficient is the numerical value of the degree of correlation. the Correlation coefficients can either be -1, 1,or 0

1.0 means a perfect positive correlation and when r = -1.0 indicates a perfect negative correlation. where correlation, is zero (0), it means there is no relationship between the variables being tested.

Since correlation in this question is 0.7 which is tending towards +1, it means there is a strong or significant correlation between absenteeism and increased costs

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3 years ago

A firm has a Cobb-Douglas production function for its inputs of capital and labor. The firm is currently paying $4 per labor hou

baherus [9]

Answer:

nothing nothing nothing nothing

Explanation:

nothing

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4 years ago