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
Marina CMI [18]
3 years ago
8

Which of the following concepts requires that economic data be recorded in dollars in the United States?

Business
2 answers:
solniwko [45]3 years ago
8 0

Unit of measure concept

s344n2d4d5 [400]3 years ago
4 0

Answer:

Unit of measure concept  

Explanation:

The definition for a unit of measure refers to a common principle used throughout accounting, whereby all activities should be reported uniformly using the same currency. For instance, a business that holds its documents in just the U.S. will report its whole dealings in U.S. dollars, whereas a German company will report all its payments in euros.

If a transaction includes transactions or transfers in another currency, the sum is translated until being registered to the domestic currency utilized by an entity. Without a specific standard unit, financial reports will be impossible to generate.

You might be interested in
Although the unemployment rate is the single best indicator of how well the labor market is working, we discussed in class that
shepuryov [24]

The unemployment rate is not considered to be a complete measure because it does not count discouraged workers.

<h3>How is the unemployment rate calculated?</h3>

The unemployment rate includes only people who are still actively searching for work and they have to be in the labor force.

People who have looked for jobs for a while and then got discouraged and given up, are not counted as unemployed which therefore depresses the unemployment rate.

Find out more on the unemployment rate at brainly.com/question/13280244.

#SPJ12

5 0
2 years ago
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th
rjkz [21]

Answer:

Allocated MOH= $188,627

Explanation:

Giving the following information:

Estimated overhead= $241,800

Estimated direct labor hour= 6,800

Actual direct labor-hours were 5,300.

First, we need to calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 241,800/6,800= $35.59 per direct labor hour.

Now, based on actual direct labor hours, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 35.59*5,300= $188,627

6 0
2 years ago
In order for money to work properly, there can be only a certain amount of it in
tino4ka555 [31]
A.limited supply hope that helps
8 0
3 years ago
Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
2 years ago
Athena Company provides employee health insurance that costs $14,500 per month. In addition, the company contributes an amount e
erik [133]

Answer:

Explanation:

130500

3 0
3 years ago
Other questions:
  • Diamond enterprises is considering a project that will produce cash inflows of $41,650 a year for three years followed by $49,00
    13·1 answer
  • On may 10, the ceo of massmachine announced a quarterly dividend of $.50 per share to be paid on june 25 to all stockholders on
    6·1 answer
  • Which of the following is the best way to learn about a company culture?
    9·1 answer
  • Costs that do not change with output are called __________ costs A. average B. variable C. marginal D. fixed
    5·1 answer
  • A hospitality operation has sales revenue of $462,000 with variable cost averaging 44%. Fixed costs are $188,000. The owner want
    6·1 answer
  • Which of the following is true of both paying with a check and paying with a debit card? A)Both are accepted by most people and
    15·2 answers
  • Economic forecasters predict a long period of job growth and consumer spending. The Federal Reserve is most likely to do which o
    5·2 answers
  • An environmental service employee of the hospital was called to the vascular surgery floor to clean the floor where a bag of pot
    7·1 answer
  • “EBIT is generally considered to be independent of financial leverage, because EBIT is the result of a firm’s operating effectiv
    13·1 answer
  • Annuities where the payments occur at the end of each time period are called _____, whereas _____ refer to annuity streams with
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!