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Anna71 [15]
3 years ago
13

Define accounting?Explain the accounting concepts which guide the accountant at the recording stage?

Business
1 answer:
ArbitrLikvidat [17]3 years ago
6 0
The term accounting refers to the recording of a lot of financial transactions. Information are to be stored, sorted, retrieved, summarized, presented, in the forms of reports. Nowadays, recording in the process of accounting is made easy due to the existence of technology.
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Identify the claim. ""The cost of poor health among uninsured people was almost $125 billion in 2004. "" ""The financial burden
romanna [79]

The condition of uninsured people in the United States is very well written in the paragraph where it highlights the fact that uninsured people are less likely to receive care and more likely to have poor health status.

<h3>What do you mean by medically uninsured?</h3>

In the US, more or less than 50 million do not have health insurance, and an additional 10-20% of people do not have insurance.

Uninsured are not eligible for Medicaid, which is the safety net for most Americans, because they do not qualify for country-based benefits, dependent assistance families, or do not meet other financial or class conditions.

The financial burden of medical care is high on uninsured individuals. It is told that most of them disappear as they do not have enough money to cover the high medical expenses.

Thus, we can say that uninsured people are less likely to receive care and more likely to have poor health status due to lack of finance.

To learn more about medically uninsured, refer to the link:

brainly.com/question/25793763

7 0
3 years ago
One of the advantages associated with radio as an advertising medium is that it has a long exposure time. has a perishable messa
kiruha [24]

Answer:allows ads to be placed quickly

Explanation:

Radio advert might seems like not really in use but when adverts are placed it always hit targeted customers and mainly the adverts are placed immediately without delay once the necessary process has been completed.

5 0
3 years ago
Read 2 more answers
한국은 어떻게 가나요?<br>(hangug-eun eotteohge ganayo?)​
Harman [31]
  • by plane
  • lol
  • buy a ticket and go and visit
5 0
3 years ago
Read 2 more answers
On January 1, a company issued and sold a $440,000, 6%, 10-year bond payable, and received proceeds of $434,000. Interest is pay
Harlamova29_29 [7]

Answer:

The carrying value of the bonds immediately after the first interest payment is $434,300.

Explanation:

Face value of the bond = $440,000

Proceeds from bond issue = $434,000

Discount on bond payable = Face value of the bond - Proceeds from bond issue = $440,000 - $434,000 = $6,000

Total number of seminual = Number of years of bond maturity * Number of semiannual in a year = 10 * 2 = 20

Discount amortizaton per semiannual = Discount on bond payable / Total number of seminual = $6,000 / 20 = $300

Carrying value after first interest payment = Proceeds from bond issue + Discount amortizaton per semiannual = $434,000 + $300 = $434,300

Therefore, the carrying value of the bonds immediately after the first interest payment is $434,300.

3 0
3 years ago
The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 20 Purchased 400 units
viva [34]

Answer:

WA      1,682

LIFO      910

FIFO  2,260

Explanation:

\left[\begin{array}{cccc}Date&Cost&Units&Subtotal\\$Jan 20th&8&400&3200\\$April 21th&10&200&2000\\$July 25th&13&280&3640\\$Sept 19th&15&90&1350\\$Total&10.51&970&10190\\\end{array}\right]

We add the units purchase and the subtotal to get the total units available for sale.

Ending inventory physical units: 970 - 810 = 160 units

<u>Then, we calculate for each method:</u>

Weighted average:

cost of goods / available units = 10,190 / 970 =  10.51

160 units x 10.51 = 1,681.6‬

LIFO:

Ending inventory will be the oldest units:

160 units x 8 = 960

FIFO:

Ending inventory will be the newest units as the units are sold as soon as they come in

90 x 15 =  1,350

70 x 13 =     910

Total       2,260

5 0
4 years ago
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