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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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Romashka-Z-Leto [24]
What exactly are you asking?

Divided by the per capita GDP of a country is the country’s population

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3 0
3 years ago
Read 2 more answers
Which of these assumptions is often realistic for a firm in the short run? a. The firm can vary both the size of its factory and
Romashka-Z-Leto [24]

Answer:

The correct option here is C) the number of workers can be varied but not size of factory.

Explanation:

In the short run it would not be possible to shift or vary the size of factory and even if they try doing that it will talk lot of time and cost , which is in no way beneficial for the firm. But what firm can do is vary the number of workers they employ, like if they want to take advantage of economies of scale , they can do that by assigning less tasks to employees and for that they can make changes in the number of employees as per the requirement.

6 0
3 years ago
Overspeculation and a decrease in consumer confidence are both leading factors of:?
melomori [17]

Answer:

a stock crash

Explanation:

Speculation refers to trading high risk securities in an attempt to earn higher than normal returns. Speculators use stock market fluctuations to purchase and sell risky securities, and when it is aired with buying on the margin the risk increases by the margin amount. Speculators profit from abrupt changes in security prices, and sometimes will artificially increase the price of securities (i.e. a stock market bubble).

Consumer confidence is vital for an economy's health and when it falls, the first place that takes notice of it is the stock market. A decrease in consumer confidence means less private consumption which inevitably results in an economic recession.

When both factors meet, over speculation and a decrease in consumer confidence, the result is the bursting of the stock market bubble and a sharp decrease in prices.

6 0
3 years ago
DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $2,840 for office equipmen
Scorpion4ik [409]

Answer:

The journal entries are shown below:

Explanation:

According to the scenario, the journal entry for the given data are as follows:

For Office equipment

Dec.31  Depreciation for office equipment A/c Dr $2,840

            To Accumulated depreciation for office equipment A/c $2,840

(Being the depreciation expense for office equipment is recorded))

For Production equipment

Dec.31  Depreciation for production equipment A/c Dr $6,910

            To Accumulated depreciation for production equipment A/c $6,910

(Being the depreciation expense for production equipment is recorded))

4 0
3 years ago
Many farmers practice "crop rotation" by planting a field with corn one year and soybeans the next. why might they do this?
lisabon 2012 [21]

The reason that they do this because rotating crops has the capability of keeping the nitrogen from being depleted in the soil as nitrogen fixing bacteria are likely to be found in the nodules of the roots of the soybeans and not on the corn’s roots that makes soybeans the next after the corn is planted first.

8 0
3 years ago
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