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lubasha [3.4K]
2 years ago
13

Identify the accounting concept that describes each situation below. Do not use any concept more than once. (a) Is the rationale

for why plant assets are not reported at liquidation value. (Do not use the historical cost principle.) (b) Indicates that personal and business recordkeeping should be separately maintained. (c) Ensures that all relevant financial information is reported. (d) Assumes that the dollar is the ""measuring stick"" used to report on financial performance. (e) Requires that accounting standards be followed for all items of significant size. (f) Separates financial information into time periods for reporting purposes. (g) Requires recognition of expenses in the same period as related revenues. (h) Indicates that fair value changes subsequent to purchase are not recorded in the accounts.
Business
1 answer:
marishachu [46]2 years ago
7 0

Answer: Accounting concept refers to the assumptions on which the recording of transactions is done.

Explanation: The following options could be characterized as follows :-

A. Going concern assumption

B. Economic entity assumption

C. Full disclosure principle

D. Monetary unit assumption

E. Materiality

F. Periodicity assumption

G. Expense recognition principle

H. Historical cost principle

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An investment has the following payment structure: 1,000 payable in one year, 1,000 payable in two years, and 1,000 payable in t
Shtirlitz [24]

Answer: C. 7.3%

Explanation:

The yield rate is a weighted average of the yields over the years:

= [ (1 * 6%) + (2 * 7%) + (3 * 8%)] / ( 1 + 2 + 3)

= 44%/ 6

= 7.33%

= 7.3%

3 0
3 years ago
_____ deals with how inputs, activities, and outputs of a process are organized.
kobusy [5.1K]

Structure is concerned with how a process's inputs, actions, and outputs are arranged.

<h3>What do a process' outputs entail?</h3>
  • The outcomes of group work are known as outputs, and the group or organization values these results.
  • In order to maximize a team's performance, it "provides a mechanism to analyze how teams perform."
  • The tangible results of a process, such as reports, meetings, and flyers, are what we refer to as outputs.
  • While these items are helpful in and of themselves, they typically fall short of fulfilling the overall intent of the process.
  • Some examples of results are Information (for instance, fresh information developed as a workshop contribution and/or information from meetings).
  • Data sent by a computer is known as output. Computers can only process digital data.

To learn more about outputs, refer to:

brainly.com/question/15586089

#SPJ4

4 0
1 year ago
Carter Industries has two divisions: the West Division and the East Division. Information relating to the divisions for the year
anyanavicka [17]

Answer:

$81,000

Explanation:

Segment margin is derived by deducting all expenses that are directly traceable to the segment and it does not include corporate common expenses.

Particulars                         Amount

Contribution                       $132,000  [33,000*(8-4)]

Less: Direct fixed cost      <u>($51,000)</u>

Segment Margin               <u>$81,000</u>

So, Carter's segment margin for the West Division is $81,000.

8 0
3 years ago
A disadvantage of the line structure is that it
Ivahew [28]

Answer:

Disadvantages of a Line Organization

A line organization can suffer from a lack of specialization. This is because each department manager is concerned only with the activities of his own department. Therefore, employees are skilled in tasks pertaining to their departments alone.

These organizations can overburden a keyman or a few key-men to the extent of their breaking point. Also, in the absence of a staff aid, if a strong man seizes the organization, he can run it arbitrarily. Such arbitrary power can lead to a considerable damage to the organization.

Such organizations usually suffer from a lack of expert advice. If the line manager has trouble making a decision, there is no expert staff that he can turn to.

A line organization is usually rigid and inflexible. In fact, such organizations maintain discipline so rigorously that they can rarely change.

These organizations are based on the autocratic system of management.

The division of work is not based on any scientific plan but on the whims of the manager.

It might stop progress and prevent the unit to work effectively.

Such organizations might also encourage nepotism or favoritism based on relationship or friendship.

I hope this is helpful information.

8 0
2 years ago
Larry decided to relocate to Germany. Larry hired Happy Homes, Inc. to find a buyer and contract for the sale of his house in th
Dominik [7]

Answer:

True

Explanation:

The relationship between Larry and Happy Homes, Inc. has to be a written agreement. This is because the agreement is a contract between both Larry and Happy Homes Inc. involving the sale of his house which he has given Happy Homes the right to find a buyer for.

So when Happy Homes, Inc. find a buyer, Larry will be notified and the processes will take place as stated in the contract between Larry and Happy Homes, Inc.

cheers.

4 0
3 years ago
Read 2 more answers
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