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3 years ago

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

Business

1 answer:

german3 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

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Data concerning Lemelin Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 230 100 % Variable

kompoz [17]

Answer:

Overall Net Income=-$7,800

Overall Net income decreases by $7,800

Explanation:

Current New (After changes)

Units Selling 7,000 7,000+1,600=8600

Sales (7000*$230) Drop of $18, so S.P=$212

=$1,610,000 (8,600*212)=$1,823,200

Variable Exp (7000*$115)=$805,000 (8,600*115)=$989,000

(AT $115)

Contribution $1,610,000 -$805,000 $1,823,200-$989,000

Margin =$805,000 =$834,200

Fixed Expense $581,000 ($581,000+$37,000)

=$618,000

Net Operating $805,000-$581,000 $834,200-$618,000

Income =$224,000 =$216,200

Overall Net Income=New Income-Current Income

Overall Net Income=$216,200-$224,000

Overall Net Income=-$7,800

Overall Net income decreases by $7,800

5 0

3 years ago

The regulation with the lowest authoritative weight is the____________.

alekssr [168]

Answer:

The correct answer is c. Proposed regulation.

Explanation:

This is a document where ideas are collected in order to focus on a temporary or structural change. As it is only a proposal, it does not have the weight of an already approved regulation, so this document contains the thoughts of the people who make up a group for the benefit of others. A serious process of analysis must then take place in order to decide which points can be adopted depending on the needs.

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3 years ago

Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno

notsponge [240]

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

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3 years ago

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Assignment Questions

mote1985 [20]

Answer:

I see technology as an essential part of life nowadays. Importance of technology has drastically increased in past 5 years.

For me technology is now a basic need as i obtain the latest updates on my phone rather than a newspaper.

The study i do for my subjects is done on my phone as well on a soft copy document.

Explanation:

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3 years ago

The Procter & Gamble (P&G) Company produces bar soap, disposable diapers, deodorants, laundry detergents, cookies, cake

Airida [17]

Answer:

Product Mix

Explanation:

Product Mix is defined as the combination of products produced to increase the market share of the company and ultimately the profits for a company. The Procter and Gamble (P&G) Company produces many different products including deodorants, cookies, shampoo, cake mix, disposable diapers, laundry detergents, bar soaps and many other types of products to increase the market share of the company.

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3 years ago

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