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Marrrta [24]
4 years ago
5

What are the limitation of accounting ?

Business
1 answer:
docker41 [41]4 years ago
5 0

Answer:

One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. If a certain factor, no matter how important, cannot be expressed in money it finds no place in accounting.

You might be interested in
When making additional business decisions management should consider?
Delvig [45]
Maybe how long you’re willing to be committed to that certain job or your goals in life so they are able to take you seriously.

This is just a guess btw but I hope this gave you an idea. :)
8 0
3 years ago
Suppose there are 5 gas stations in Durham. All of them sell, among other things, 87 octane regular unleaded gas. Which of the f
Gnoma [55]

Answer:

b

Explanation:

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

  • Firms that set the market price for their products
  • profit maximisation
  • high barriers to entry or exit of firms
  • downward sloping demand curve

87 octane gas in Durham is the same in each of the five stations, so the product is undifferentiated

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

A monopolistic competition is when there are many firms selling differentiated products in an industry.

A monopoly is when there is only one firm operating in an industry.

An example of a monopoly is a utility company

4 0
3 years ago
In the late nineteenth century, what helped narrow the gradations of freedom amongst white Americans? a. Indentured servitude ha
ElenaW [278]

In the late nineteenth century, Judith Sergeant Murray wrote about women’s intellect being equal- this helped narrow the gradations of freedom amongst white Americans.

Option: B

Explanation:

In the late nineteenth century there was a conflict in between white Americans about the freedom. Their fight against each other graded by the help of writer and other professionals who wrote about their strong points. Judith Sergeant Murray who was an American writer and advocate wrote about women's right.

Gender discrimination, women's right, feminism was the core area of writing in Judith Sergeant Murray's work. He compared women's ability with man's, their imagination, decision making capacity, judgemental motives etc.

5 0
4 years ago
A(n) ________-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability
dolphi86 [110]

Answer:

Integrity

Explanation:

In the event of the integrity based morals code, there is a joining of the laws administering the Corporate with that of the administrative duty and responsibility that underlines on following up on moral way along these lines encouraging a strong domain and putting worry upon shared responsibility.

In integrity based morals codes, together all workers expected to consequently share the responsibility to act morally.

6 0
3 years ago
Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 w
34kurt

Answer:

Economic profit  $10,000

Explanation:

Income earned as an assistant professor = Salary + Interest on bonds = 75000 + 5% on 100,000 = 75000 + 5000

Income earned as an assistant professor = $80,000

Income from the bookstrore = $90,000

In calculating economic profit, opportunity costs are deducted from revenues earned.

Economic profit = $90,000 - $80,000 = $10,000

8 0
3 years ago
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