1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harman [31]
3 years ago
11

The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of it

s owner and all other economic entities.
a. True
b. False
Business
1 answer:
exis [7]3 years ago
7 0

Answer:

The correct answer is letter "A": True.

Explanation:

In <em>Accounting</em>, the entity principle states that the activities of the company must be recorded separately from the activities of the company's owners. By doing so, all the assets and liabilities of the firm will be excluded from the ones that the owners possess.

You might be interested in
During the​ year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the​ year, before adjusting​ entries, th
Maru [420]

Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

Total credit sales                                             $ 47 comma 000

Estimated bad debts as a % of sales                     4 %

Balance of Allowance for Doubtful accounts      $ 1,880

The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

4 0
3 years ago
Carly’s Clips charges for their grooming services based on the following:________.
Novay_Z [31]

Answer: $256

Explanation:

Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:

Materials = $54

Add: Materials markup = 30% × $54 = 0.3 × $54 = $16.2 = $16

Add: Labour = 3 × $62 = $186

Total price of job = $256

7 0
2 years ago
Producer surplus equals a. Value to buyers - Costs of sellers. b. Amount received by sellers - Costs of sellers. c. Value to buy
aev [14]

Answer:

Amount received by sellers - Costs of sellers. 

Explanation:

Producer surplus is the difference between the price of a good and the cost to sellers. It is the difference between price and the least amount sellers would be willing to sell their products.

Consumer surplus is the difference between the price at which the consumer values the good and the price of the good.

Consumer surplus = Value to buyers - Amount paid by buyers.

I hope my answer helps you

5 0
3 years ago
What steps did jim moon take to build a relationship between his business and bank rhode island? 2. what collateral, if any, do
viktelen [127]
Jim Moon has a very assertive personality His relationship with the Rhode Island bank has fetched him a positive outcome when there is a financial crisis
3 0
3 years ago
at the beginning of each workday in the medical office, the receptionist is generally responsible for:
sleet_krkn [62]

At the beginning of each workday in the medical office, the receptionist is generally responsible for disengaging the alarm system.

What is receptionist?

An individual who works in an office or administrative support role is a receptionist. The task is typically done in a waiting room, like a lobby or front desk of a company or institution. A person who works for an organisation who is responsible for greeting clients, patients, and visitors as well as taking phone calls is known as a receptionist. A receptionist's tasks may also include room reservations and assignment, visitor registration, cashier work, credit checks, key control, and mail and message service. This administrative department is referred to as the front desk in many hotels. Front desk clerks are another name for these receptionists. To help the businesses they work for, receptionists perform a variety of activities, such as scheduling appointments, filing, keeping records, and other office duties.

to learn more about receptionist
brainly.com/question/27132969
#SPJ4

7 0
1 year ago
Other questions:
  • New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $500,
    13·1 answer
  • Casino's frequently reach middle-range customers by:
    11·1 answer
  • Constitutional scholars have pointed out there is an inconsistency in justice marshalls opinion with respect to what the constit
    15·2 answers
  • When the price level decreases:
    11·1 answer
  • Businesses that strongly focus on customer satisfaction tend to: a. be less successful as there is deterioration in the quality
    8·1 answer
  • The lot is 150 feet by 90 feet. The fence is to be 8 feet tall. cost for the fence is $4.50 per linear foot, plus $.75 per squar
    10·1 answer
  • Typing resources allows managers to make better resource ordering decisions by:
    5·1 answer
  • Identify each person's status as employed, unemployed, "not in the labor force"
    6·1 answer
  • A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a partnership,
    6·1 answer
  • Does Canada have a strong secondary industry sector?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!