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olga55 [171]
3 years ago
7

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

Business
1 answer:
Alex_Xolod [135]3 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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Customers who actively trade their listed stock portfolios should have a strong understanding of:________.
Papessa [141]

Answer:

Timing Risk

Explanation:

Timing risk is a type of investment risks that a trade will not be performed at the best market price.

5 0
3 years ago
If Ana considers cake a substitute for Top Ramen noodles, and her quantity demanded for Top Ramen goes from 30 to 40 packets eve
kondaur [170]

Answer:

$0.35

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

So, Change in quantity demanded would be

= Q2 - Q1

= 40 - 30

= 10

Now, Average of quantity demanded

= (40 + 30) ÷ 2

= 35

Change in price

= P2 - P1

= $35 - $15

= $20

And, the average of price would be

= ($35 + $15) ÷ 2

= $25

Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)

= 0.28 ÷ $0.8

= $0.35

5 0
3 years ago
A firm decides to provide support services for its products for which its customers will pay extra. These services are not offer
Sindrei [870]

B) Added value

Explanation:

Added value - It is an improvement to the product or service making it more worthwhile.

Competitive advantage makes the product or service more desirable than other competitors.

In this scenario, there is no competition of the services as yet, but definitely has an added value by improving the services.

3 0
3 years ago
Read 2 more answers
Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud
beks73 [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the number of processing hours:</u>

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

<u>Now, we can calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

<u>Finally, the unitary cost:</u>

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0
3 years ago
Benefits are offered by employers to attract good employees
Troyanec [42]

Answer:

its true :))

Explanation:

4 0
3 years ago
Read 2 more answers
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