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4 years ago

4. What accounting assumption, principle, or constraint would use in each of the situations below?

Business

1 answer:

Alex_Xolod [135]4 years ago

6 0

Answer:

A.) Revenue Recognition

B.) Full disclosure

C.) Expense Recognition

D.) Historical Cost

Explanation:

Revenue Recognition principle maintains theta revenue is entered into the income statement onev it is earned or incurred without necessarily waiting till cash is paid.

Expense Recognition is usually related to when assets are being converted into expenses such that cost of asset is apportioned over the useful years of the asset.

Full Disclosure maintains the release or disclosure of information related ongoing business operations such as pending lawsuit during the disclosure of business financial statement.

Historical Cost: This involves value recorded on the balance sheet that portrays the original amount paid to acquire an asset at the time of purchase

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Which of the following statements are inconsistent with the efficient market hypothesis?a. The average annual return on stocks i

koban [17]

Answer:

b. Stocks that outperform the index in March always underperform it in April.

d. Stocks that outperform the index in March always outperform it in April.

Explanation:

The Efficient market hypothesis states that in an efficient market, all the available information in the market are reflected in the prices of the stocks being traded. As such, all stock are fairly priced.

Stocks that perform in a certain way in March and then in another way in April are violations of the hypothesis. This is because if indeed the market was efficient, the prices would adjust to reflect the different performances by month such that there would be no more fluctuations.

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3 years ago

You're trying to save to buy a new $190,000 ferrari. you have $31,000 today that can be invested at your bank. the bank pays 3.8

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so you need to save the money?

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3 years ago

Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is

Kruka [31]

Answer:

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

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3 years ago

Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowl

Strike441 [17]

Answer:

human-centered

Explanation:

human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

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4 years ago

At Mayflower & Juneberry, a garden supply store, buyers need to keep abreast of the latest landscaping trends and order each

emmasim [6.3K]

Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.

<u>Explanation</u>:

When customers do not find what they are looking for at the store, they usually don't return to the store. They just go to some other store and its highly unlikely that they would further suggest the store to anyone.

Thus, to ensure that the store doesn't lose customers because of this reason, the store should encourage their employees to be aware of the latest development in the field and place orders for the same on a regular, preferably weekly, basis.

This way the likelihood of customers not getting what they require from the store becomes very bleak.

Therefore, Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.

8 0

3 years ago