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3 years ago

Identify the accounting assumption or principle that is described below.

Business

1 answer:

Inga [223]3 years ago

7 0

Answer and Explanation:

a. Going Concern Assumption : It means the organization would be remain open always whether the people go or not

b. Economic Entity Assumption

: The owner and the business records should be maintained separately.

c. Monetary Unit Assumption

: It means all the transactions should be recorded in monetary terms

d. Periodicity Assumption

: It means for a period of time different financial information could be recorded

e. Historical Cost Principle : Always used the orginial cost at the time of recording

f. Full Disclosure Principle: All information should be disclosed to the notes to the financial statements

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The earliest hint of globalization can be traced to 325 BC. The government under Alexander created an environment conducive to t

solong [7]

Answer:

I agree

Explanation:

I don't really see that there's a question being asked.

8 0

3 years ago

suppose ta hurricane hits alabama causing widespread damage to houses and businesses the governor of alabama places pirce cielin

Mamont248 [21]

Answer:

Shortages of building materials and a slower recovery from the storm

Explanation:

From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.

From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from

people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials

6 0

3 years ago

Carmen manufactures a unit called A2. Variable manufacturing costs per unit of A2 are as follows:The Don Company has offered to

myrzilka [38]

Answer:

Accepted

Explanation:

In this question, we have to compare the make or buy options which are shown below:

Particulars Make Buy

Direct materials (5,000 units × $1) $5,000

Direct labor (5,000 units × $10) $50,000

Variable manufacturing overhead

(5,000 units × $5) $25,000

Fixed manufacturing overhead $60,000 $110,000 (5,000 units × $22)

Total $140,000 $110,000

Since in buy decision, the cost is minimum. So, the company should accept this offer

8 0

3 years ago

The manufacturing overhead budget of Inch Corporation is based on budgeted direct labor-hours. The September direct labor budget

Lubov Fominskaja [6]

Answer:

$70,840; $18.50

Explanation:

Variable manufacturing overhead:

= Budgeted direct labor-hours × Variable overhead rate

= 4,400 × $5

= $22,000

Total manufacturing overhead:

= Variable manufacturing overhead + Fixed manufacturing overhead

= $22,000 + $59,400

= $81,400

(a) cash disbursement for manufacturing overhead for September:

= Total manufacturing overhead - Depreciation

= $81,400 - $10,560

= $70,840

(b) Predetermined overhead rate for September:

= Total manufacturing overhead ÷ Budgeted direct labor-hours

= $81,400 ÷ 4,400

= $18.50

7 0

3 years ago

Dana has a portfolio of 8 securities, each with a market value of $5,000. The current beta of the portfolio is 1.28 and the beta

allsm [11]

Answer:

Option c. 0.73

Explanation:

Data provided in the question:

Market value of securities = $5,000

Current beta of the portfolio = 1.28

Beta of the riskiest security = 1.75

Required beta = 1.15

Now,

let the beta of the other security be 'x'

Portfolio beta = weighted average of individual betas in the portfolio

1.28 × 8 × $5000 = [ x × (8 - 1) × $5000 ] + [ 1.75 × $5000 ]

$51,200 = $35,000x + $8750

$35,000x = $42,450

x = 1.21

Thus,

If she wishes to reduce the beta to 1.15, by replacing the riskiest security,

let the beta of the replacement security be 'y'

Therefore,

1.15 × 8 × $5000 = [ 1.21 × (8 - 1 ) × $5000 ] + [ y × $5000 ]

$46,000 = $42,350 + $5,000y

$5,000y = $3,650

y = 0.73

Hence,

Option c. 0.73

4 0

4 years ago