Answer:
a. Incorporate assumptions that contradict reality
Explanation:
Economics also has assumptions in the models/theories that contradict reality.
Answer: The economic life of a business can be divided into artificial time periods.
Explanation: As per the principal of continuity the existence of a company is perpetual thus to report the performance of the company to the stakeholders the existence of such company is divided into smaller periods and this method is termed as periodicity assumption.
Answer:
Journal entry is given below
Explanation:
To record the payment of interest and the discount amortization at the end of period 1 we should debit the Interest expense and credit cash and discount
DATA
Interest expense in year 1 = $38,936
Interest to be paid = $36,450
Discount amortization = $2,486
Entry DEBIT CREDIT
Bond interest expense $38,936
Cash $36,450
Discount on bonds $2,486
Answer:
$9,097
Explanation:
Net cash flow from operating activities = + $47,042
Net cash flow from investing activities = - $21,831
Net cash flow from financing activities = - $28,397
Net cash flows for the period = - $3,186
Beginning cash account balance = $12,283
Net cash flows for the period = - $3,186
Ending cash balance = $9,097
Answer:
The correct answer is the second option: Extensive training and careful precautions are necessary to avoid accidents, injuries and illness.
Explanation:
To begin with, all of the other options are describing the fact that the laws that regulate the workplace environment are no necessary or state that are enough. That is why that in the option chosen it is stated that it is absolutely necessary to have extensive training in the areas of work, specially those who are danger, and to take precautions around all so that the accidents can be prevented and the injuries will no happen as well as the illnesses. Therefore that the right to a safe workplace is accurately described by that statement.
