What should be starting point of straight line upward sloping curve when

If a firm belives tht some of its debtors may default and it should act on this by making sure tht all possible losses are recor

Maurinko [17]

Answer: Conservatism

Explanation: The conservatism concept can be ncept may be explained as an accounting principle which ensures that an organization tends to be very careful in handling its finances, with the conservatism concept, financial management often lean towards an approach which tends to play down future gains and concentrate more on potential chances of losses in the future. With such approach the organization tends to be very prudent in its financial management. In other words, conservatism shifts toward a tendency to understate its asset or income rather than overstate its asset.

8 0

3 years ago

1. Kwan's annual premium is $1,284.00. He has the choice of paying semi-annually for a $1.00 fee or quarterly for a $2.00 fee. W

oee [108]

I’m not sure but I’ll try to solve it right now for you so just give me some time

8 0

3 years ago

"The price of coffee increases by 10%, and as a result, Alex purchases fewer donuts. This suggests that to Alex, coffee and donu

Travka [436]

Answer:

Complementary goods

Explanation:

Complementary goods are goods that are demanded for together or consumed together. If the demand for one of the complementary goods increases, the demand for the other good increases and vice versa.

If the price of coffee increases by 10%, the demand for coffee and doughnut would fall according to the law of demand.

I hope my answer helps you.

8 0

3 years ago

Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.

Klio2033 [76]

Answer:

a) $37,500

Explanation:

In order to determine the depreciation for year 1 based on the units-of-production method, we apply the formula below:

Annual Depreciation= Depreciable Value × Units produced during the year /Estimated total production

Depreciable Value = Original cost – Scrap value

depreciable value=$300,000-$50,000=$250,000

Units produced during the year=6,000 hours

Estimated total production in hours=40,000 hours

first-year depreciation=$250,000*6000/40000

first-year depreciation=$ 37,500.00

8 0

3 years ago

Tamarisk Co. reports the following information for 2020: sales revenue $769,400, cost of goods sold $502,400, operating expenses

horsena [70]

Answer:

Statement of Changes In Equity

Common Stock Retained Earning Total

Beginning Balance $365,300 $91,010 $456,310

During the Year 2020

Profit for the Year $120,800 $120,800

Dividends ($14,160) ($14,160)

Balance at End $365,300 $197,650 $562,950

Explanation:

First, Calculate the Profit / Loss for the Year

Income Statement for the year ended 2020

Sales Revenue $769,400

Less Cost of goods sold ($502,400)

Gross Profit $267,000

Operating expenses ($88,400)

Net Profit/(Loss) $178,600

Other Comprehensive Income

Less unrealized holding loss ($57,800)

Total Profit and Loss and other comprehensive income $120,800

See the statement prepared above in terms of IAS 1 of the International Financial Reporting Standards (IFRS)

3 0

3 years ago