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Digiron [165]
3 years ago
11

What is meant by consistency when discussing financial accounting information?

Business
1 answer:
goblinko [34]3 years ago
6 0

Answer:

The correct answer is letter "A": Information presented by a company applies the same accounting treatment to similar events, from period to period.

Explanation:

In accounting, consistency is the principle that states a company must use an accounting method for book-keeping its transactions and the same method should be used from one period to the following. However, the consistency principle allows the company to change the current method for a more preferred method.

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Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price
lisov135 [29]

Answer:

3,500 pounds

Explanation:

By applying the below formula we get:

AQ(AP-SP)

USD 5,250 (unfavorable price variance )

USD 5,250/(AP - SP) = AQ

So,

USD 5,250/(USD 56.50 - USD 55.00)

= 3,500

4 0
2 years ago
In the game of economics, producers get information they need to determine how much people are willing to pay for a good or serv
Ira Lisetskai [31]

Answer:

The correct answer would be option D, Consumers.

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.

Explanation:

In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.

For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.

So in this way, customers determine the prices of the products.

Learn more about Consumers at:

brainly.com/question/3096413

#LearnWithBrainly

8 0
3 years ago
Read 2 more answers
You have just purchased a car and, to fund the purchase, you borrowed $27,500. If your monthly payments are $515.27 for the next
Naily [24]

Answer: APR of the loan is 2.48%

Explanation:

5 0
3 years ago
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What does a physical property that describes how something feels mean
Kay [80]
<span>a physical property that describes how something feels mean is called texture.
texture is the feeling of an object.</span>
6 0
3 years ago
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The accounts receivable turnover is computed as __________ divided by __________. sales; accounts receivable sales; average acco
tekilochka [14]

Answer:

sales ; average accounts receivables

Explanation:

Accounts receivable turnover refers to how a business firm manage its assets. Businesses, companies uses accounts receivables to know and quantify how perfectly goods bought on credit by their customers are being paid back. It also measures how business gives credit and collects back it's debt .It is calculated as net sales divided by average accounts receivables.

6 0
3 years ago
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