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3 years ago

Identify the basic assumption or broad accounting principle that was violated in each of the following situations.

Business

1 answer:

andrezito [222]3 years ago

6 0

Answer:

1) expense recognition principle: expenses are recognized when they are consumed.

2) historical cost principle: a company must record its assets, liabilities, and equity investments at their original costs.

3) economic entity principle: the company's transactions should be kept separate from those of its owners or upper management.

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Delivery of stock index futures a. is never made. b. requires delivery of 1 share of each stock in the index. c. is made by a ca

jolli1 [7]

Answer: c. is made by a cash settlement based on the index value

Explanation:

Stock index futures are settled by cash sort of like index options.

This means that there is no delivery of the actual underlying asset at the end of the contract.

The cash / profit is determined by the starting and ending prices of the futures contract.

6 0

3 years ago

does the social responsibility and social efficiency of a company weigh into your decision when buying a product

polet [3.4K]

Answer:

yes very much so

Explanation:

I would not want to associate my self with or support any company that doesn't have any concern for the environment in which operates in. Even if it's social efficiency is high.

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3 years ago

Short Company purchased land by paying $10,000 cash on the purchase date and agreeing to pay $10,000 for each of the next ten ye

romanna [79]

Answer:

(D) $71,446

Explanation:

we will calcualte the present value for an 11 payments annuity-due (there is eleven payment of 10,000 if we count the one at purchase date) which couta is 10,000 discounted at 10%

$C \times \frac{1-(1+r)^{-time} }{rate} (1 +r ) = PV\\$

C 10,000

time 11

rate 0.1

$10000 \times \frac{1-(1+0.1)^{-11} }{0.1} (1 + 0.10) = PV\\$

PV $71,445.6711

rounding to the nearest dollars: 71,446

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3 years ago

What earns interest and allows unlimited ATM use

Vesna [10]

Interest-bearing checking account.

3 0

3 years ago

Why was Megatrends important? A. It changed the way people studied the economy. B. It made Americans realize how far behind they

Romashka [77]

The answer is (D.) It started people thinking about how technology and information would shape the future.
Megatrends are likely used in strategic work for some companies and organizations. These are the great forces in social development that will affect some areas in the nearby futures like in state, civil society, and market. In short, these are the knowledge about the probable future.

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4 years ago