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Veronika [31]
3 years ago
11

The monetary unit assumption a.requires that different units be used for assets and liabilities b.requires that economic data be

reported in yen in Japan or dollars in the United States c.is only used in the financial statements of manufacturing companies d.is not important when applying the cost principle
Business
1 answer:
Vlad1618 [11]3 years ago
3 0

Answer:

b.requires that economic data be reported in yen in Japan or dollars in the United States

Explanation:

According to the monetary unit assumption, the transaction of the business are recorded in terms of monetary units

That means only that transactions are recorded which are in terms of money

. If the transactions are not in terms of money than the same is not under the monetary unit assumption

As in the given options, the japan currency is yen and the currency of the united states is dollars that reflect the monetary unit

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In 2019, Sayer, who is single, have an outright gift of $53,000 to a friend, Johnson, who needed the money to pay medical expens
AlekseyPX

Answer:

$53,000

Explanation:

Remember, Johnson, needed the money to pay medical expenses. It is important to note that even though any gift is a taxable gift, there are many exceptions to the tax rule. One such gift that is not taxable is; Medical expenses you pay for someone.

In filing the 2019 gift tax return Sayer would by entitled to an exclusion of $53,000.

6 0
4 years ago
A customer submits a written complaint disputing monetary charges assessed against an account held at a member broker-dealer. re
PilotLPTM [1.2K]

An account housed at a member broker-dealer has financial charges applied to it that a customer disputes in writing. Resolution of this grievance will be accomplished by: Code of Conduct

A subtype of medical categorization called a  code of conduct is used to specify particular surgical, medicinal, or diagnostic operations. The codes' structure will vary depending on how they are classified; for instance, some utilize an alphanumeric scheme and others a numerical one. In addition to procedure codes, the International Classification of Primary Care (ICPC-2) also includes diagnosis codes, grounds for encounter (RFE), and process of care.

The International Classification of Health Interventions (ICHI) and the International Classification of Medical Procedures (ICPM)

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4 0
2 years ago
During the Christmas season, people tend to draw money out of their checking accounts to pay for presents. As a result, the mone
Step2247 [10]

Answer: decrease

Explanation:

The money multiplier is the amount of money generated by banks with each dollar of reserves. The reserves is the amount of deposits which the Federal Reserve wants banks not to lend but rather hold. The money multiplier is therefore the ratio of deposits to the reserves in the banking system.

The money multiplier shows the ratio of the increase or decrease in money supply in relation to the increase or decrease in deposits. During the Christmas period, people draw lots of money out of their accounts to buy presents and other things. This will lead to a decrease in the money multiplier.

7 0
4 years ago
Roman buys seed packets for the school garden. One packet of radish seeds costs $1. 75. One packet of tomato seeds costs $2. 50.
bezimeni [28]

Roman may buy 23 tomato and 9 radish,  for the school garden.

 

<h3><u>Calculation:</u></h3>

Let (r) represent the cost of one packet of radish seeds, and

Let (t) represent the cost of one packet of tomato seeds.

Amount spent by roman = $62.75

It denotes that;

\ 1.75r +2.5t = 62.75.......equn. 1

Roman bought 32 packets of seeds and one packet of radish seeds costs = $ 1.75.

One packet of tomato seeds costs =  $ 2.50.

It denotes that,

\ r+t=32.....equn.2

Substitute t=9 , and r= 23, we have

In eq. 1

\ = 1.75\times9 + 2.5\times23 = 62.75\\ = 15.75+57.5 \neq  62.75 \\ = 62.75 = 62.75

In eq.2

\ =32=23+9 = 32\\

Here, both the equations are satisfied, therefore, option [C] is correct.

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8 0
3 years ago
A company has quick assets of $ 300,000 and current liabilities of $ 150,000 . The company purchased $ 50,000 in inventory on cr
anzhelika [568]

A company has quick assets of $ 300,000 and current liabilities of $ 150,000. The company purchased $ 50,000 in inventory on credit. After the purchase, the quick ratio would be d. 1.75.

Inventory refers to all of the gadgets, items, products, and materials held with the aid of a commercial enterprise for selling within the marketplace to earn a profit. instance: If a newspaper supplier makes use of an automobile to supply newspapers to the customers, handiest the newspaper may be taken into consideration in inventory. The vehicle can be dealt with as an asset.

Inventory is an asset due to the fact a company invests money in it that it then converts into sales while it sells the inventory. stock that doesn't promote as quickly as anticipated may become a liability.

The principle feature of stock is to offer operations with ongoing delivery of materials. To gain this feature correctly, your enterprise has to attempt to discover a sweet spot between an excessive amount and too little, without ever going for walks out of inventory.

quick assets = 300000

quick liablities= 150000

inventory on credit

quick assets = 350000

quick liablities= 200000

quick ratio = 350000/200000

                   = 1.75

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6 0
2 years ago
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