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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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Which of the suggestions do NOT rely on the support of a parent or guardian?
nlexa [21]

Answer:

- Chipping away at student loans or getting a secured credit card.

Explanation:

The suggestion that does not depend on the support of a parent or guardian would be 'chipping away at the student loans or getting a secured credit card' as it lays the responsibility on the shoulders of the student which does not require parents' backing. The supportive parents always tend to offer every possible opportunity to their child upto the extent they can afford to provide a better experience and future to their kid.

7 0
3 years ago
Managing values in the workplace legitimizes managerial actions and strengthens the coherence and balance of the organization’
Juli2301 [7.4K]

Answer:

False

Explanation:

Managing values in the workplace legitimizes managerial actions and strengthens the coherence and balance of the organization's culture. ETHICS IMPROVES RELATIONSHIPS BETWEEN EMPLOYEES AND THE WORK GROUPS. THEY ULTIMATELY HELP TO ENHANCE THE PRODUCTS' QUALITIES AND TO CULTIVATE GREATER SENSITIVITY TO THE IMPACT OF THE CORPORATION'S VALUES AND MESSAGES.

7 0
3 years ago
On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount re
musickatia [10]

Answer:

Explanation:

The adjusting entry is shown below:

Deferred Subscription Revenue A/c Dr $12,000

            To Subscription revenue A/c $12,000

(Being the deferred subscription amount is adjusted)

The computation is shown below:

= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)

= 400 subscriptions × $90 × (4 months ÷ 12 months)

= $36,000  × (4 months ÷ 12 months)

= $12,000

The four months are reported from the September 1 to December 31

7 0
3 years ago
At the high and low levels of activity during the month, direct labor hours are 90,000 and 40,000, respectively. The related cos
andre [41]

Answer:

The fixed cost at any level of activity is $48,000 while the variable cost per unit at any level of activity is $1.30

Explanation:

The total cost is a function of the fixed and variable cost. Whilst the fixed cost does not change at a certain range of activities level, the variable cost changes as the level of activities(units produced or sold).

Using the high and low levels of activities given, let the variable cost per unit be v and the fixed cost F

for the high level,

F + 90,000v = 165,000

For the low level

F + 40,000v = 100,00

Solving both equations simultaneously,

50,000v = 65,000

v = $1.30

F + 40,000($1.30) = 100,000

F = 100,000 - 52,000

F = $48,000

5 0
3 years ago
What is the term for selling related products
kupik [55]
<span>Cross-sell is the practice of selling or suggesting related or complementary products to a prospect or customer. Cross selling is one of the easiest and most effective methods of marketing.</span>
8 0
3 years ago
Read 2 more answers
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