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
Lady_Fox [76]
3 years ago
11

The accounting principle that guides accountants, when faced with a recognition dilemma, to choose the alternative that produces

the lowest net income is referred to as:___________________.
Business
1 answer:
Minchanka [31]3 years ago
5 0

Answer:

Conservatism

Explanation:

Conservatism also known as the "doctrine of prudence" is a principle where by the accountant plays safe by anticipating future losses without considering future gains.

You might be interested in
List three methods of searching the major tax service databases. A. ​Keyword, citation, or index B. ​Author, groupings, or conte
brilliants [131]

Answer:

The correct answer is A.  ​Keyword, citation, or index

Explanation:

By definition, a keyword is an informational word used in an information retrieval system to indicate the content of a document with the expectation of a matching search result.

Citations are references of other authors to give credit for their ideas in the document that is prepared. Citations are used to reinforce ideas, results and data, to give points of view, examples, to deepen or amplify the arguments of the work to be elaborated.

An index lists the terms and topics covered in a document, as well as the pages on which they appear. To create an index, index entries are marked by specifying the name of the main entry and cross reference in the document, and then the index is generated.

4 0
3 years ago
What are unlawful questions to ask during an interview
AveGali [126]

Answer:

Race, Color, or National Origin.

Religion.

Sex, Gender Identity, or Sexual Orientation.

Pregnancy status.

Disability.

Age or Genetic Information.

Citizenship.

Marital Status or Number of Children.

Explanation:

4 0
3 years ago
Read 2 more answers
In a credit application, besides one's capacity to pay, creditors also consider which of the following?
DochEvi [55]

Answer:

The lenders use a system of five Cs to know about the creditworthiness of potential borrowers. They weigh five characteristics of the borrower and various conditions of the loan, chances of default and risk of loss. The five Cs used by the lender are capacity, character, collateral, capacity and conditions.

  • The first C is character, it can be known by the previous loans of the applicant.
  • Debt to income ratio is the second C.
  • The third C is capital, it is the amount of money possessed by an applicant.
  • Collateral is the fourth C, it is the asset that can be used to back the loan.
  • The fifth C is conditions, the amount of the loan, its purpose and the prevailing interest rate in the market are known as conditions.
4 0
2 years ago
The Quorum Company has a prospective 6-year project that requires initial fixed assets costing $962,000, annual fixed costs of $
diamong [38]

Answer:

5375

Explanation:

Given that:

Initial Fixed assets costing = $962000

Annual fixed costs = $403400

Variable cost per unit = $123.60

Sales price per unit = $249.00

Discount rate = 14%

Tax rate = 21%

The contribution per unit = Sales price - Variable cost

= $(249.00 - 123.60)

= $125.40

The present value break-even point(BEP) is the region of sales level where the net present value (NPV) equals zero.

Assuming that the sales level = p

i.e.

NPV = PV(of inflows - of outflows)

Inflows = (p * contribution per unit - annual fixed cost)( 1- tax rate) + depreciation * tax rate

= (p * 125.4 - 403400) ( 1 - 0.21) + depreciation * tax rate

where;

depreciation = initial fixed assest cost/ lifetime of the project

= (125.4p - 403400)*0.79 + (962000/6)*0.21

= (125.4p - 403400)*0.79 + (160333.33)*0.21

= (125.4p - 403400)*0.79 + 33670

Now, the PV of the inflows =PV factor(6 years, 14%) * inflows

= inflows * \dfrac{( 1-(1.14)^{-6})}{0.14}

= inflows * 3.8887

Replacing the value for inflows, we have:

=((125.4p - 403400)*0.79 + 33670)* 3.8887

The PV of the outflows = Initial Fixed asset cost = $962000

∴

Equating both together using:

PV(of inflows - of outflows) = 0

((125.4p - 403400)*0.79 + 33670)* 3.8887 - 962000 = 0

((125.4p - 403400)*0.79 + 33670)* 3.8887 =  962000

(99.066p - 318686 + 33670) * 3.8887 =  962000

(99.066p - 285016) * 3.8887 =  962000

385.24p - 1108341.72 = 962000

385.24p= 962000 + 1108341.72

385.24p= 2070341.72

p = 2070341.72 / 385.24

p ≅ 5375

6 0
2 years ago
Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.
Elina [12.6K]

Answer:

Break-even point = 110 lawns & Break-even sales point = $8,800

Explanation:

Total fixed costs = Depreciation + Advertising + Insurance

Total fixed costs = 1,400 + 200 + 3,680

Total fixed costs = $5280/month

Total variable cost per unit = Weed + Direct labor + Fuel

Total variable cost per unit = 13 + 16 + 3

Total variable cost per unit = $32/lawn

Contribution margin ratio = (Sales per unit - variable cost per unit) / sales per unit

Contribution margin ratio = (80 - 32) / 80

Contribution margin ratio = 0.6

Contribution margin ratio = 60%

Break-even sales = Fixed costs / contribution margin ratio

Break-even sales = $5280 / 60%

Break-even sales = $8800

Break-even sales units = Break-even sales / sales per unit

Break-even sales units = 8800 / 80

Break-even sales units = 110 lawns

Break-even point = 110 lawns & Break-even sales point = $8,800

8 0
2 years ago
Other questions:
  • Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard
    11·1 answer
  • A white college receptionist is fired when it is found that she told a black college applicant that the applications for admissi
    7·1 answer
  • ABC Company is a manufacturing firm. At the beginning of July, ABC had a total inventory balance of $48,000. During the month of
    13·1 answer
  • Strategic management focuses on integrating management, marketing, finance and accounting, production and operations, research a
    7·1 answer
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $10,900
    8·1 answer
  • Q 7.28: A multi-location flower shop receives payment from customers in person, over the Internet, and through the mail. When ch
    12·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    8·1 answer
  • Labor and management at Leo Trucking cannot seem to agree upon a contract for the truck drivers. As each side contends that they
    12·1 answer
  • How is rocks made will give brainliest if right
    13·1 answer
  • Are Investments guaranteed to generate profit
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!