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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.

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Annual Income Statement Data Selected Year-End Balance Sheet Data Sales $ 50,000 Prepaid expenses increase $ 3,000 Expenses: Inv
Solnce55 [7]

Answer:

see calculation and working below

Explanation:

operating activities section

Net income                                                               $ 8,500

Adjust for changes in non- cash items :

Amortization expense                                                $1,500

Adjust for changes in working capital :

Prepaid expenses increase                                   ($ 3,000)

Inventory increase                                                     ($500)

Accounts payable decrease                                   ($1,000)

Net Cash Provided by Operating Activities            $5,500

6 0
3 years ago
What is considered one of the most common mistakes made by North American companies when trading with a Middle Eastern company?
Maurinko [17]

The main mistake made by North American when trading with a middle Eastern companies are being Impatient.

Explanation:

  • Middle east countries include countries such as  United Arab Emirate, Iran, Iraq, Turkey, Egypt etc.
  • North Americans are known to have a good trading relationship with many nations through out the world.
  • But the failed to maintain a healthy and good trading relationship with Middle eastern companies such as UAE etc.
  • On of the main reason why they failed is due to their impatience as arab people usually hesitate to take decisions regarding business right away and will demand some three or more business meetings before agreeing for trading, where on the other hand North americans didn't have such patience.

Hence their trading with North americans failed.

6 0
3 years ago
The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to:____
postnew [5]

Answer: d. Make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.

Explanation:

In December 1997, signatories accounting for around 70% of World Trade adopted the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions which stated that countries must install Legislative laws that would prohibit the bribing of foreign officials as well as strict penalties for parties who engage in such. This was done to ensure that the playing field was level so to speak instead of one company getting special treatment because they paid for it.

One concern however was that the Convention did not consider Facilitating Payments a criminal offence which means that it could be used as a bypass for the bribery of foreign officials to still happen.  

8 0
3 years ago
globe hotels has more cash on hand than is required to support its operations. accordingly, the company has decided to pay out s
BlackZzzverrR [31]

These payments to shareholders are called Dividends. The correct option is A.

<h3>Why are dividends paid?</h3>

Dividends are payments made to shareholders based on the number of shares they own. Shareholders expect profits to be returned to them by the companies in which they invest, but not all companies pay dividends.

A dividend is a monetary or non-monetary reward given by a company to its shareholders. Dividends can be paid in a variety of ways, including cash, stock, or any other form. The dividend of a company is decided by its board of directors and must be approved by the shareholders.

Thus, the ideal selection is option A.

Learn more about Dividend here:

brainly.com/question/29510262

#SPJ1

7 0
1 year ago
Which of the following closings is most effective? a.Bring your lunch and join the group! Because the room is limited to 30, ple
givi [52]

Answer:

Lunch and learn are casual gatherings where individuals can eat just as find out about the meeting. It is an open door for colleagues of various fields to share their expertise and experience. This methodology can urge and rouse representatives to learn.  

( a). This end isn't a lot of viable as it doesn't make a decent effect on the brains of the members. The end ought to be welcoming individuals not giving them the courses of events to book reservations. Greeting ought to be offered uniquely to the quantity of individuals constrained to the quantity of seats accessible.

(b). It is the best shutting as Lunch and Learn ought to be entertaining. On the off chance that the occasion has been at short notification, members can bring their own lunch and accumulate for an enjoyment learning meeting. This end is additionally a casual greeting for the casual meeting.  

(c). This shutting isn't a lot of successful as Lunch and Learn is progressively about Learn while having nourishment. There is a casual conversation about work while eating. It is nothing worried about how to eat brilliant or eating high-calories.  

7 0
3 years ago
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