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3 years ago

What is the name for the process of paying attention to important properties while ignoring nonessential details?

Business

1 answer:

sweet [91]3 years ago

5 0

Answer:

Abstraction

Explanation:

Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.

absstraction is very important in the aspect of object oriented programming

It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.

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The following is a condensed version of the comparative balance sheets for Pearl Corporation for the last two years at December

Maksim231197 [3]

Answer:

Balance Sheets

2020 2019 Deviation

$292,050 $128,700 $163,350 Cash

$163,350 Cash Flow Ind Method

$264,000 Net Income

$28,050 Depreciation

-$49,500 Dividends

$36,300 Investments

$8,250 Accounts Receivable

-$28,050 Current Liabilities

-$95,700 Property and Equipment

Explanation:

To prepare the statement of cashflow it's necessary to calculate the difference between the balance on each year.

First we need the value of the Net Income and Depreciation of the year as initial value of the cash flow ($264,000+$28,050),

then we deduct the amount of dividends paid during the year (-$49,500).

Then we begin to calculate the Assets section, everytime that the Assets are higher than the past year we have to put money

from the cash flow to compensate the assets increase and vice versa, with exception of the Cash Accounts that we are calculating.

Per Example: Accounts Receivable +$8,250 and Investments +$36,300.

Property decreased Cash flow which means that we buy some assets (-$97,500 )

Then with the Liabilities we do the same but in this case an increase in the liabilities means we have more money to our cash flow,

per example, an increase in the accounts payable means that we paid less to our suppliers so we have the money in the cash accounts.

Total Current Liabilities decrease $28,050 , we paid more liabilities than the past year, so we have to use cash.

To complete the cash flow statement it's necessary that the amount of the statement be equal to the deviation in the cash account between the past year and the current one

6 0

3 years ago

During 2017 sales on account were $390,000 and collections on account were $230,000. also, during 2017 the company wrote off $22

Scilla [17]

Answer:

[(Accounts receivable at the beginning of the year + $138,000) - $144,000] - cash realizable value at the beginning of the year

Explanation: The question is incomplete but just apply the missing figures: [(Accounts receivable at the beginning of the year + Sales on account - Collections on account - write off) - bad debt] - cash realizable value at the beginning of the year

[(Accounts receivable at the beginning of the year + $390,000 - $230,000 - $22,000) - $144,000] - cash realizable value at the beginning of the year

5 0

3 years ago

Read 2 more answers

The Impulse Shopper recently paid an annual dividend of $1.13 per share. The company just announced that it is suspending all di

vivado [14]

Answer:

Stock value today = $1.21

Explanation:

Current Dividend = D ${_0}$ = $1.13

After 5 years that is D ${_6}$ = $0.50

Since expected growth = 0

Therefore

P ${_5}$ = D ${_6}$ / Ke = 0.5/18% = $2.77

Its present value will be $\frac{1}{(1 + 0.18){^5}} X 2.77$ = $1.21

Stock value today = $1.21

5 0

3 years ago

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances

Maru [420]

Answer:

30-Nov 31-Dec

debit credit debit credit

supplies $2,000 $3,500

prepaid Insurance $8,000 $6,000

salaries payable $11,000 $16,000

unearned revenue $3,000 $1,500

1. Purchases of supplies in December total $4,500.

Dr Supplies expense 3,000

Cr Supplies 3,000

beginning balance = $2,000 + $4,500 = $6,500

supplies expense = $6,500 - ending balance

2. No insurance payments are made in December.

Dr Insurance expense 2,000

Cr Prepaid insurance 2,000

Insurance expense = November 30's balance - December 31's balance

3. $11,000 is paid to employees during December for November salaries.

Dr Salaries expense 16,000

Cr Salaries payable 16,000

The beginning balance of salaries payable = $11,000, then it was paid (balance = $0), so any ending balance represents wages expense.

4. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January.

Dr Unearned revenue 1,500

Cr Rental revenue 1,500

Monthly rent revenue = $4,500 / 3 = $1,500

unearned revenue balance Nov. 30 = $3,000

unearned revenue balance Dec. 31 = $1,500

rental revenue = Nov. 30's balance - Dec. 31's balance

8 0

3 years ago

For those who are trying to make moral decisions,A. it is impossible to make progress on controversial ethical issues unless eve

madreJ [45]

Answer:

option D : in a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us to reach a solution.

Explanation:

Facts clarification and sorting according to the principles in terms of making it known the principles to which is people are appealing can definately help to reach an effective and sustainable solution in making a moral decision.

7 0

3 years ago