1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kaheart [24]
3 years ago
12

What is the periodicity assumption? Companies should recognize revenue in the accounting period in which services are performed.

Companies should match expenses with revenues. The fiscal year should correspond with the calendar year. The economic life of a business can be divided into artificial time periods.
Business
1 answer:
laiz [17]3 years ago
7 0

Answer:

The economic life of a business can be divided into artificial time periods.

Explanation:

Generally the accounting period is a calendar year, or in case if it is not the same then it is the period of 12 months. Although sometimes the management wants to take decisions based on short time period than the actual accounting year.

Accordingly in the accounting world based on this assumption the companies tend to make accounting records even for such desired period. Accordingly it assumes to divide the accounting period into artificial time periods.

You might be interested in
Juno Markets is offering 900 shares in a Dutch auction IPO. The following bids have been received: How much will Bidder B have t
inn [45]

Answer:

$4,320.00

Explanation:

Calculation to determine How much will Bidder B have to spend to purchase all of the shares that have been allocated to him

Bidder B Cost = 300 *[900/(100 + 300 + 400+200)] *$16

Bidder B Cost = 300*[900/1,000)*$16

Bidder B Cost = 300*0.9*$16

Bidder B Cost = $4,320.00

Therefore The amount that Bidder B will have to spend to purchase all of the shares that have been allocated to him is $4,320.00

5 0
3 years ago
Bob is a minor and buys a BMW, from ABC BMW when he is 16 years old. His parents do not cosign. He signs a financing arrangement
Sav [38]

Answer:

It is too late for him to dis-affirmed the contract.

Explanation:

Contract is the legal binding agreement document between two parties for them to obey any given conditions specified in the document. <em>In the case of Bob, despite the fact that he was a minor, his signature on the BMW contract shows that it is binding between ABC Motors and him.</em>

<em>The motor company might not be aware of his legal age which shows he is a minor before entering the agreement with him. It is expected that, he should honor his contract to the latter.</em>

6 0
3 years ago
When they all met at the mall, jonah could tell that amy rudy were interested in each other when jonah observed both of them?
noname [10]
What are you exactly asking?
8 0
3 years ago
Niran has initiated a scam in which he counterfeited a well-known banking website and sent out e-mails to direct victims to it.
kap26 [50]

Answer:

c. phishing

Explanation:

  • Phishing is a fraud attempt to get sensitive information as passwords usernames and credit card related information, by posing as the trustworthy entity in the electronic communication as email or website and even messaging etc.
  • The user is often lured in by the communication from fake trusted parties such as the social media sites and auction sites in order to make an online payment and thereby taking access to the information of users. It is the most common type of online attack.
4 0
4 years ago
Assume that the. Top level management team has accepted your recommendation how can their effectiveness be evaluated three month
Alex73 [517]

The correct answer to this open question is the following.

Although the question provides no context or references, we can say that if the top-level management team has accepted your recommendation their effectiveness can be evaluated three months after implementation in the following way.

The recommendation needs to establish some goals that have to be accomplished in the short, medium, and long-range. After the first three months, you establish your exéctations and you should have included your KPIs or Key Performance Indicators in order to do the proper evaluation and knowing if the recommendations were valid or attainable. Lack of goals or KPIs to evaluate the recommendation would end up complicating the evaluation process.

3 0
3 years ago
Other questions:
  • Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
    11·1 answer
  • Economists study decisions made at the margin by consumers by studying?
    12·2 answers
  • government regulation is the most important factor. B) commodity money, because it is valued more highly, tends to drive out pap
    12·2 answers
  • Ned’s company has supported the Little League, Pop Warner football, the high school band, and many other local charities but isn
    8·1 answer
  • The format and information contained in one firm's financial statements are most likely to differ drastically from the format an
    14·1 answer
  • --IMPORTANT--
    14·1 answer
  • Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2014. During 2014, Harbor had revenues of $2,500
    15·1 answer
  • In a process costing system, when manufacturing overhead costs are applied to the cost of production, they are debited to:
    8·1 answer
  • Sharon is part of a software engineering team. Her task is to develop a diagnostic program for the medical profession. This is a
    7·1 answer
  • aliyah has started a mobile salon service. while she recognizes the risks involved in operating a business
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!