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sammy [17]
3 years ago
12

Assumptions in Financial Reporting. Indicate the assumption (going concern, business/economic entity, monetary unit, or periodic

ity) that best fits the following scenarios.ScenarioRelated Assumptiona. Monro Manufacturing requires that its division managers report to corporate headquarters on a monthly basis.b. Rainbow Paints, Inc. owns 15% of New Eljam Company. Rainbow does not consolidate this affiliate company because it cannot control its operations.c. Financial analysts at Nelson Corporation use an infinite-growth assumption in building a model to value the company.d. Factory buildings are reported on Jack Jones Warehousing, Inc.’s balance sheet as the sum of the total cost of two plants; one of the plants was acquired in 1951 and the other was purchased in 2011
Business
1 answer:
lyudmila [28]3 years ago
7 0

Answer:

a) Periodicity

b) business/economic entity

c) going concern

d) monetary unit

Explanation:

Periodicity concept explains that every accounting period has its own associated an economic activities which can easily be measured and accounted for.

The economic entity states activities of a business should be recorded separate from the owners.

Going concern principle states that the business will be in operation for the next foreseeable future

Monetary unit principle states that value for business transactions and events can easily be determined by use of money unit

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In a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and selle
irina [24]

Answer: False

Explanation:

A perfectly competitive market has the following characteristics,

a. Free entry and Exit

b. Sellers sell identical goods and services

c. Sellers and buyers are price takers

d. Many buyers and sellers

e. Perfect information

Gas and Electricity do not exhibit the two primary characteristics of perfectly competitive markets. This market has characteristics of a monopoly. Entry is restricted and the there are not many sellers.


5 0
3 years ago
. Identify the problem-solving techniques used by TCL Motivate your answer by quoting from the scenario above​
Volgvan

Answer:

At its core, problem solving is a methodical four-step process. You may even recall these steps from when you were first introduced to the Scientific Method.

First, you must define the problem. What is its cause? What are the signs there's a problem at all?

Next, you identify various options for solutions. What are some good ideas to solve this?

Then, evaluate your options and choose from among them. What is the best option to solve the problem? What's the easiest option? How should you prioritize?

Finally, implement the chosen solution. Does it solve the problem? Is there another option you need to try?

Explanation:

Creative Problem Solving Techniques

Separate ideation from evaluation. When you brainstorm creative ideas, have a separate time for listing it all down. Focus on generating lots of ideas. Don't prioritize or evaluate them until everything is captured.

Judging will shut it down. Nothing stops the flow of creative ideas faster than judging them on the spot. Wait until the brainstorming is over before you evaluate.

Restate problems as questions. It's easier to entice a group into thinking of creative ideas when challenges are stated as open-ended questions.

Use "Yes and" to expand ideas. Here's one of the basic tenets of improv comedy. It's way too easy to shut down and negate ideas by using the word "but." (i.e. "But I think this is better...") Avoid this at all costs. Instead, expand on what was previously introduced by saying "Yes, and..." to keep ideas flowing and evolving.

7 0
3 years ago
​A method of training and development in which participants attend courses in a room with lessons taught by either an instructor
Alika [10]

Answer:

classroom teaching and lectures

Explanation:

Classroom teaching and lectures -

It is the method , to acquire and gain knowledge , within a classroom , by the help of a lecturer or teacher .

In a classroom , the teacher in light the class with knowledge by using interesting ways to make the students understand the topic clearly .  

Hence , the correct answer for the given information is classroom teaching and lectures .

4 0
3 years ago
While preparing a assessment of your job performance the previous year, you are required to list three goals for the coming year
Kisachek [45]

Answer:

Realistic

Explanation:

The  acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that  goal setting should adhere to, to ensure that the goal is achieved.

The criteria Realistic in "SMART"  emphasizes that a goal that is been set should  be realistic and  achievable  given the available resources and time.

The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

4 0
3 years ago
Short Term Inc. has issued zero-coupon bonds that mature in one year. The returns from holding these bonds have a beta of 0.25.
Nataly [62]

Answer:

1. Current bonds price = $81.86.

2. Yield to maturity  = 22.16%.

3. 3.  Expected Return = 7.5%.

Explanation:

Required Rate = Rf + beta*MRP

          = 5% + 0.25*(15% - 5%)

       = 5% +0.25*10%

              = 5% + 2.5% = 7.5%

 Required Rate = 7.5%

  Expected Future Value = 70% x $100 + 30% x $60

       = (0.7*$100) + (0.3*$60)

       = $(70+18) = $88

    Expected Future Value = $88

1.  Current bonds price = 88/1.075 = $81.86

2.  Yield to maturity = 100/81.86 - 1 = 1.22159785-1 = 0.22159785 =   22.159785% = 22.16%

3.  Expected Return = 7.5%

6 0
4 years ago
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