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Ainat [17]
3 years ago
9

is the comparison of two or more items on a financial statement over the course of two or more accounting periods or dates and t

he determination of the changes over that period.
Business
1 answer:
nexus9112 [7]3 years ago
4 0

Answer:

Comparability

Explanation:

The comparability  accounting principle states that the financial information from one period can be compared to the financial information of another period to determine what changes have occurred during that time. It is one of the most important qualities that financial information should possess, since comparability allows year to year comparisons within the same company's financial information or the comparison of financial information between different companies. This is exactly why accountants have to follow certain procedures and norms like GAAP.

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When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in
Serhud [2]

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

5 0
3 years ago
The interest rate in the federal funds market:_________.
djyliett [7]

Answer:

Federal Funds Rate:

d. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves.

Explanation:

Federal funds rate is the target interest rate set by the FOMC (Federal Open Market Committee) at which commercial banks with deficit reserves borrow and banks with surplus reserves lend their excess reserves to each other overnight without collateral.  The rates are set eight times a year in line with prevailing economic situations. The rates are lowered to boost economic growth and reduce unemployment by increasing money supply.  They are increased to check inflation.

3 0
3 years ago
A company produces 1,000 packages of chicken feed per month. The sales price is $4.00 per pack. Variable cost is $1.50 per unit,
Gwar [14]

Answer:

It is more profitable to add the vitamin and sell the product for $5. Income will increase by $260

Explanation:

Giving the following information:

The number of units= 1,000 packages

Actual:

Selling price= $4.00 per pack.

Variable cost is $1.50 per unit

Fixed costs are $1,700 per month.

New option:

Selling price= $5

Variable cost= $1.9

Fixed costs= $2,040

We need to calculate the net income of both options, and choose the more profitable one:

Actual:

Net income= 1,000*(4-1.5) - 1,700= $800

New:

Net income= 1,000*(5 - 1.9)- 2,040= $1,060

It is more profitable to add the vitamin and sell the product for $5.

6 0
3 years ago
Old major's dream encourages the animals on manor farm to
ira [324]
Depression: ) ..................
5 0
3 years ago
Fruit Juicy, a natural fruit juice company, relies heavily on consumer advertising, publicity and product sampling. These elemen
inna [77]

Answer:

The correct answer is

b.promotion mix.

good luck ❤

4 0
3 years ago
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