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2 years ago

Identify each of the following terms or phrases as an accounting (a) principle, (b) assumption, or (c) constraint.

Business

1 answer:

german2 years ago

7 0

Answer and Explanation:

The identification of the following terms as an accounting principle, assumption or constraint is

1 Business entity = Assumption

2. Measurement = Principle

3 Cost-benefit = Constraint

4 Revenue recognition = Principle

In this way the identification of the accounting terms would be done

The same is relevant too

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You want to know if part time employees become more or less happy with their employment over time. Thus, you give a questionnair

Y_Kistochka [10]

Answer:

:Two students made stem-and-leaf plots for the following data: 530, 545, 550, 555,560, 570. Which is incorrect? Explain the error.

(2 Points)

A; there is no stem for 56.

B; there are no leaves for 55.

Explanation

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3 years ago

Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on

viktelen [127]

Answer: $0

Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.

However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.

The $6000 incurred is classed under personal expenditure and is not deductible.

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3 years ago

July August September Expected sales $490,000 $540,000 $580,000 Abet's cost of goods sold is 60% of sales dollars. At the end of

ycow [4]

Answer:

Purchases= $330,000

Explanation:

Giving the following information:

Sales:

August $540,000

September $580,000

Abet's cost of goods sold is 60% of sales dollars.

Abet wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold.

<u>To calculate the purchases for August, we need to use the following formula:</u>

Purchases= sales + desired ending inventory - beginning inventory

Purchases= (540,000*0.6) + (580,000*0.6)*0.25 - (540,000*0.6)*0.25

Purchases= 324,000 + 87,000 - 81,000

Purchases= $330,000

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3 years ago

According to the diversification-for-stability argument, why should some nations impose protective tariffs and import quotas

Artyom0805 [142]

Their economies are highly specialized and depend on international trade for their income.

<h3>What is income?</h3>

Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.

Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.

Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.

To know more about income follow the link:

brainly.com/question/25895372

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1 year ago

Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: ho

zmey [24]

Answer:

Answer 1.

DVD Equipment Set Yoga Mat

Sale in Units 13500 4500 9000

Sale Mix 3 1 2

Sales Mix Ratio = 3:1:2

Answer 2.

Let the Break Even Sales = X Units

Therefore, Linear equation of BEP:

3/6 X (8-4) + 1/6 X (25-15) + 2/6 X (16-9) = 119520 (Fixed Costs)

X = 19920 Units

BEP of

DVD = 19,920 Units X 3/6 = 9960 Units

Equipment Set = 19,920 Units X 1/6 = 3320 Units

Yoga Mat = 19920 Units X 2/6 = 6640 Units

Answer 3.

DVD Equipment Set Yoga Mat Total

Sale in Units 13,500 4,500 9,000 27,000

SP 8 25 16

Sales in $ 108,000 112,500 144,000 364,500

Less: Variable Costs 54,000 67,500 81,000 202,500

Contribution 54,000 45,000 63,000 162,000

Contribution Margin Ratio 50.00% 40.00% 43.75% 44.44%

Contribution Margin Ratio = Contribution / Sales

Overall Break Even Sales Revenue = $119520 (Fixed Costs) / 44.44% (Contribution Margin Ratio)

Overall Break Even Sales Revenue = $268,920

Answer 4.

Margin of Safety = Sales - BES

Margin of Safety = $364,500 - 268920 = $95,580

Explanation:

4 0

3 years ago