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LenKa [72]
4 years ago
13

Which of the following accounting concepts states that an accounting transaction should be supported by sufficient evidence to a

llow two or more qualified individuals to arrive at similar measures
a. Matching
b. Stable monetary unit
c. Verifiability
d. Periodicty
Business
1 answer:
pshichka [43]4 years ago
8 0

Answer:

The correct answer is the option C: Verifiability.

Explanation:

To begin with, the accounting concept of <em>"Verifiability"</em> indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.

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According to Orlando:_____.
Novay_Z [31]

Answer:

According to Orlando:_____.

(a) workers have obligations to, but are owed consideration by, their employers.

Explanation:

Workers are employed by their employers to carry out their obligations as per instruction.  They owe the duty of reasonable care to their employers.    They are supposed to be honest in their dealings with their employers.  Workers are also required to take safety and health measures to protect themselves and others from harm at the workplace.  For all these obligations, the employers of labor must pay adequate consideration to their workers and ensure their safety at work.

3 0
3 years ago
Which of the following is a limitation of a process layout?
ki77a [65]

Answer:

b. It has higher worker skill requirements.

Explanation:

In a process layout or functional layout, all machines and equipment of same functional use or type are placed in a particular and distinct department from machines and equipments of different functional use or type. In simple words, one type of machines are placed in a different space together. For instance, welding machines are together placed in welding department, grinding machines and equipment are placed in grinding department and so on.

Process layout uses the equipments and machines that are already within the process, it just places it differently and no specialized equipment are needed.

Machines and equipments require high and long term investments and the machines and equipments used in process layout are exactly the same.

7 0
4 years ago
Friendly’s Quick Loans, Inc., offers you “seven for nine or I knock on your door.” This means you get $7.00 today and repay $9.0
mina [271]

Answer: Friendly's would say that you were paying an APR of 1485.71%.


We arrive at the answer as follows

First we calculate the dollar interest on the $7 loan and the rate of interest.

Dollar interest = 9 -7 = 2

\mathbf{Rate of interest on the loan = \frac{2}{7}*100 = 28.5714 percent}

This 28.5714% interest is for a loan that lasts for one week.

Since a year has 52 weeks, we can find the APR as \mathbf{28.5714 * 52 = 1485.71 percent}.

6 0
3 years ago
The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In
skelet666 [1.2K]

Answer:

The Federal Reserve is in charge of the monetary policy in the United States. It expands or reduces the money supply (the total amount of money in the economy) by raising or lowering the interest rate.

There is a relationship, in the short run, between unemployment and money supply. The higher the money supply, the lower the unemployment rate, and viceversa: the lower the money supply, the higher the unemployment rate.

This relationship exists because when the money supply increases, the interest rate falls, if the interest rate falls, investing becomes cheaper, and as a result, firms invest more and hire more workers.

The opposite happens when the money supply is contracted: interest rates rise, investing becomes more expensive, and firms hire less people.

This is why the Fed has a great deal of power when it comes to employment in the economy.

7 0
4 years ago
Sammy says, “I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” Explain why this logic
Anvisha [2.4K]

Answer:

Car insurance isn't in place for people who are bad drivers, although I'm sure it helps them too. It's in place for situations you can never predict. Just because you're a good driver doesn't mean the people around you aren't. You have no control of other people's actions, so you might actually need that insurance Sammy.

Explanation:

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6 0
3 years ago
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