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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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11. Nadine is retiring at age 62 and expects to live to age 85. On the day she retires, she has $402,000 in her retirement savin

Svet_ta [14]

Answer:

E. $2,688.77

Explanation:

We need to calculate the PMT of an ordinary annuity at 6%

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 402,000

time:

85 years - 62 years = 23 years of retirement

23 years x 12 months per year = 276 months

rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005

$402000 \div \frac{1-(1+0.005)^{-276} }{0.005} = C\\$

C $ 2,688.766

<em>She can withdraw 2,688.76 per month</em>

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3 years ago

What is the purpose of a greenfield investment? to acquire an existing firm in a foreign country. to merge with an existing firm

Stels [109]

According to the Bureau of Economic Analysis (BEA), a greenfield investment is a project “where foreign investors establish a new business or expand an existing business on U.S. soil.”

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3 years ago

Casper consumes cocoa and cheese. Cocoa is sold in an unusual way. There is only one supplier, and the more cocoa you buy from h

muminat

Answer:

The graph has been attached.

Explanation:

a. Please see attached graph with the shaded budget set labelled A

b. Please see attached. Curve C; D and E are the indifference curves. The most suitable one would be D since it is on the budget curve. E is not maximum utility and C is unattainable given his budget of $20.

c. U (X,Y) = X + 2Y

At C, Utility = 10 + 2(10) = $30. That is above his budget

At D, Utility = 10 + 2(5) = $20. This is within his budget. – most utility.

At E, Utility = 5 + 2(5) = $15. This is below his budget.

The Indifference curve that gives most utility is D, where cheese is 10 and cocoa is 5 units.

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3 years ago

For federal tax purposes, which of the following is true regarding lump-sum life insurance benefits?

Lorico [155]

Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.

A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.

For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.

Learn more about tax on:

brainly.com/question/9437038

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3 years ago

Bundling:__.

Cerrena [4.2K]

Answer:

Explanation:

Bundling is when separate products of a company are combined together and sold to customers usually at a lower price

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3 years ago