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ololo11 [35]
4 years ago
5

How does the timing of adjusting entries differ from the accounting for daily transactions? Adjustments are made at the beginnin

g of the accounting period to ensure accuracy is maintained during the cycle. Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient. Adjustments are made throughout the accounting period as information becomes available. Adjustments are made at the discretion of management and are not necessary for each accounting period.
Business
1 answer:
BigorU [14]4 years ago
6 0

Answer:

Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient.

Explanation:

Adjusting entries are adjustments made on accounts to recognize revenue or expenses that were not properly recorded before. They are usually done at the end of the month or the end of the accounting period to balance debit and credit records.

While you record daily transactions the same day in which they occur.

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g What is the bond equivalent yield of a bond if it has 100 days to maturity, a par value of $10,000, and is currently trading a
NARA [144]

Answer:

10.51%

Explanation:

The computation of the bond equivalent yield is shown below:

Given that

Par value at redemption = $10,000

Bond price = $9,720

Number of days of maturity = 100 days

Now

Profit of holding this bond = Par value at redemption - Bond purchase price

= $10,000 - $9,720

= $280

Now yield from the 100 days

= profit from holding the bond ÷ Purchase price of the bond

= $280÷  $9,720 × 100

= 2.88

Now the yield annualized is

= 2.88 × 365 days ÷ 100 days

= 10.51%

6 0
3 years ago
Silver Mining is opening a new mineral extraction facility in the local town and will employ several thousand people. They have
TEA [102]

Answer:

Corporate Social Responsibility or CSR.

Explanation:

To put it simply, Corporate Social Responsibility means that a company is concerned and responsible about how their actions affect People, Planet and their Profits (3 P's)

Following are the generally accepted principles of CSR.

  1. Compliance with international commitments
  2. Compliance with international and national laws and regulations
  3. Maintenance of good corporate governance
  4. Communication and dialog with all stakeholders
  5. Commitment to Transparency
  6. Conservation and the promotion of the Environment
  7. Fiscal responsibility
  8. Protecting Human Rights
  9. Promotion of Social responsibility

5 0
4 years ago
Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the fin
zavuch27 [327]

Answer:

a promissory note

Explanation:

Based on the information provided within the question it can be said that the instrument that Ewa signed is most likely a promissory note. This is a not that enforces an unconditional promise, from one individual to another promising to make a certain payment in a certain time period. Which is exactly what EWA is signing when agreeing to pay $5,000 with interest in installments with the final payment due June 1, 2013.

5 0
4 years ago
Karen received 105 total utils from the first 4 sodas she drank. If the marginal utilities of the first, second, and fourth soda
inysia [295]

Answer:

b. 26

Explanation:

Marginal utility refers to the utility gained by the consumption of an additional unit of a commodity. It is the satisfaction enjoyed by a consumer for the additional use of a unit of a good or service.

Given that the total marginal utilities is 105 and the  marginal utilities of the first, second, and fourth sodas are 35, 28, and 16 respectively,  the marginal utility of the third soda

= 105 - (35 + 28 + 16)

= 26

8 0
4 years ago
Tesla crafts imitation dream catchers in her spare time. her father constantly encourages her to sell them on ebay. when she fin
Setler [38]
<span>The scenario in which Tesla, who crafts imitation dream catchers in her spare time and because her father constantly encourages her to sell them on ebay. she finally agrees to sell them, but she notices that while she still enjoys making the dream catchers, she no longer does it for fun—she does it to make money  this is an example of the over justification effect.
</span> The over justification effect<span> occurs when </span>some extrinsic reward (money for example) leads to a reduction in a person's intrinsic motivation.
3 0
4 years ago
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