In my last job, I led complex negotiations that dealt with the cost, size, and/or scope of the deal. True or false

What is meant by consistency when discussing financial accounting information?

goblinko [34]

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.

6 0

3 years ago

Given the list of accounts below, identify which of them would appear on a balance sheet. (Check all that apply.)

aksik [14]

Answer:

(A) Accounts Payable - Liabilities

(D) Equipment - Assets

(E) Supplies - Assets

(F) Retained earning - Owner's Equity

(H) Cash - Assets

Explanation:

The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,

Assets are many things (as equipment, machinery, Receivables, etc) that belongs to the company, please see details in the answer.

Liabilities represent the obligations of the company with all kind of creditors.

And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.

4 0

3 years ago

A common practice for government entities, particularly schools, is to issue short-term (promissory) notes to cover daily expend

diamong [38]

This shorter payback period is positive and beneficial to the consumer, as it allows for harmony with amortization expenses.

We can arrive at this answer because:

A short payback period is beneficial because of its relationship to amortization, as long-term debt allows this amortization to take place.
These amortization expenses allow the cost of long-term assets to be represented in the payment.
However, when the short-term payback period allows for amortization, causing the asset's value to be reduced by the amount that will be paid by the consumer.

In this case, we can state that in cases like the one shown in the question above, the short payback period is very beneficial and interesting to the consumer, as it can promote economic benefits.

More information:

brainly.com/question/23160357?referrer=searchResults

5 0

2 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut,

Anettt [7]

Answer:

From year one to year two, there is (Deflation,Inflation) at an annual rate of _12.5____%. In year one, $40.00 will buy ____5____ baskets, and in year two, $40.00 will buy ___5.7 (6)____ baskets. This example illustrates that, as the price level falls, the value of money:_increases___

Explanation:

a) Data and Calculations:

The price of a basket of goods in year one = $8.00

The price of the same basket of goods in year two = $7.00

Difference in price (reduction in price) = $1 ($8 - $7)

Percentage reduction in price = $1/$8 * 100 = 12.5%

With $40/8, 5 baskets were bought

With $40/7, 5.7 baskets will be bought

b) Economists are always wary of prolonged deflation or continuous general falling prices of goods because it depicts an economy that is seriously weakening at its foundation. As a fallout, companies slow production, reduce output, lay off workers, and reduce salaries (earned income).

5 0

2 years ago

The situation analysis section of a business plan for all of a company's products,

riadik2000 [5.3K]

Answer:

technology

Explanation:

because they have to be search

8 0

2 years ago