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givi [52]
4 years ago
11

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being

closed or sold, unless evidence shows that it will not continue, is the: A. Cost Principle. B. Going-concern assumption. C. Objectivity principle. D. Monetary unit assumption. E. Business entity assumption.
Business
1 answer:
Elan Coil [88]4 years ago
7 0

Answer:

B. Going-concern assumption.

Explanation:

The financial statements are normally prepared on the assumption that an entity is a going concern and will continue in operation for a foreseeable future. Hence, It is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations. If such an intention or need exists, the financial statements have to be prepared on different a basis and , if so , the basis used is disclosed.

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All of the following contribute to high levels of air pollution in countries like China and India EXCEPT
Mamont248 [21]

Answer:

A. They have large cities.

Explanation:

Major reasons for high levels of air pollution in developing countries such as China and India are:

  1. The pollution from vehicles is poorly regulated. This means most of the vehicles on road do not conform to acceptable or permissible level of pollution.
  2. The Pollution by industry is poorly regulated. This means the industries are non compliant to permissible air pollution guidelines and many do not adhere to it. This also points towards poor implementation of pollution laws by the government.
  3. Poor people use wood and dung to cook and heat homes. This is due to lack of education and awareness among the poor and also owing to lack of resources available to them.
3 0
3 years ago
A firm improves product quality and adds new product features and models. it also shifts some advertising from building product
marin [14]
The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.<span>
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. I</span><span>f the new product satisfies the market, it enters this  growth stage. In the growth stage the sales will start climbing quickly.</span>
6 0
4 years ago
Read 2 more answers
Enith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts P
Firlakuza [10]

Answer:

March 1

Dr Rent Expense$4,000

Cr Cash $4,000

03

Dr Advertising Expense $1,350

Cr Cash $1,350

05

Dr Supplies $1,800

Cr Cash$1,800

06

Dr Office Equipment $11,500

Cr Account Receivable$11,500

10 Dr Cash $8,600

Cr Account Payable$8,600

15

Dr Account Payable$3,180

Cr Cash$3,180

27

Dr Miscellaneous Expense$700

Cr Cash$700

30

Dr Miscellaneous Expense$550

Cr Cash$550

31

Dr Account receivable$37,200

Cr Fees Earned$37,200

31

Dr Utilities Expense$830

Cr Cash$830

31

Dr Dividend$2,000

Cr Cash$2,000

Explanation:

March 1

Dr Rent Expense$4,000

Cr Cash $4,000

03

Dr Advertising Expense $1,350

Cr Cash $1,350

05

Dr Supplies $1,800

Cr Cash$1,800

06

Dr Office Equipment $11,500

Cr Account Receivable$11,500

10 Dr Cash $8,600

Cr Account Payable$8,600

15

Dr Account Payable$3,180

Cr Cash$3,180

27

Dr Miscellaneous Expense$700

Cr Cash$700

30

Dr Miscellaneous Expense$550

Cr Cash$550

31

Dr Account receivable$37,200

Cr Fees Earned$37,200

31

Dr Utilities Expense$830

Cr Cash$830

31

Dr Dividend$2,000

Cr Cash$2,000

5 0
3 years ago
Suppose that when the average college student’s income is $10,000 per year, the annual quantity demanded of Patty’s Pizza is 50
wolverine [178]

Answer:

The income elasticity of demand for Patty's Pizza is 1. Positive income elasticity shows that Pizza is a normal good.

Explanation:

The annual income of the student's is $10,000.

The annual quantity demanded for patty's pizza is 50 units.

When the income increases to $12,000, the quantity demanded will also increase to 60 units.

There is a positive relationship between the quantity demanded of pizza and income level.

This indicates that pizza is a normal good.

The income elasticity of pizza is 1, the solution is given in the figure below:

3 0
4 years ago
Heap Corporation is considering an investment in a project that will have a two year life. The project will provide a 10% intern
german

Answer:

$77,686

Explanation:

The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

To find the amount invested, discount the cash flows using the IRR.

∑ 40,000 / 1.1 + 50,000 / 1.1² = $77,686 (to the nearest dollar)

The amount invested is $77,686.

I hope my answer helps you

3 0
4 years ago
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