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3 years ago

Identify which accounting principle or assumption best describes each of the following practices.

Business

1 answer:

Vesna [10]3 years ago

3 0

Answer:

a. Revenue recognition

b. Historical cost principle

c. Separate entity assumption

Explanation:

a. Revenue recognition: The principle of revenue recognition occurs when the revenue is realized or earned whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here means that the consumer receives the product but the payment is made afterwards.

b. Historical cost principle: According to this principle the assets and liabilities are to be reported in the financial statements on the purchase or acquisition price.

c. Separate entity assumption: The activity is distinct from its owners in this assumption. The transactions the company does are separated from the owners ' transactions.

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According to the Taylor rule if the target rate of inflation for the Fed is 2 percent and real GDP rises by 1 percent above pote

velikii [3]

Answer:

C. raise the real federal funds rate by half of a percentage point

Explanation:

As per the Taylor rule, If inflation rate and target inflation rates are same and real GDP exceeds potential GDP by 1%, then real federal fund rates should increase by .5%. It is as per the Taylor rule formula.

6 0

3 years ago

Which of the following statements is true? (A) Henry must report the $12,000 alimony received as income and Charlotte can claim

Oksana_A [137]

Answer:

The correct statement is B

Explanation:

Relevant information:

Henry (H) and Charlotte (C) separated in the year 2018 and their divorce was finalized in 2019, January

During the year, 2019 C paid H alimony of $12,000

Now, will analysis the information:

As per the U. S (United States) IRS (Internal Service Revenue), if the divorce is finalized in 2019 or after that, then the payment of alimony are no longer is deductible, nor the recipient have to record or report them as an income.

So, in the given case, H is not required to report the alimony payment received as an income and C cannot claim the alimony paid as an adjustment to the income.

Therefore, the correct answer is B.

Note: The relevant information is taken from the case which is stated or given above before the question.

6 0

3 years ago

Kathyâ€‹ Champe, a public relations specialist for a regional chain ofâ€‹ pharmacies, regularly contacts members of the local an

WITCHER [35]

Answer:

press relations

Explanation:

According to my research on public relations functions, I can say that based on the information provided within the question this is an example of the press relations function. This function refers to forming and maintaining a good relationship between a business/company/organization and the press/media by communicating regularly and providing information, help and access where needed, such community events and fundraisers.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

How would you market a health club in the South versus on the East Coast or West <br> Coast?

Delicious77 [7]

We will first make a list of the market characteristics that are pertinent to the health club, and then, based on that list, we will determine the type of marketing strategy that needs to be adopted for the marketing of the health club. This will allow us to gain an understanding of the differences in how marketing is approached for the East, West, and South markets.

The East Coast is distinguished by its high levels of affluence, hectic urban environments, and limited free time, all of which contribute to a lower frequency of visits to fitness and health clubs. The most difficult task is to persuade them to make time for themselves and go to the fitness center. It is a very difficult task to sell memberships to a health club since most individuals would rather join a social club, which allows them to drink and host get-togethers.

This is further explained below.

<h3>What is a health club?</h3>

Generally, Because marketing a health club is not about the product but rather about the experience that the facility can provide, the strategy should be analogous to experiential marketing. Furthermore, in order to increase sales, the experience needs to be improved while also being maintained in terms of the quality of the experience that it delivers.

In conclusion, West Coast: Relaxed, natural, and health-focused. High spending power. Marketing should separate the health club via benefit selling. Because of increased competition, marketing should differentiate more.

Read more about the health club

brainly.com/question/19778727

#SPJ1

7 0

2 years ago

Schwert Corp. shows the following information on its 2019 income statement: sales = $235,000; costs = $147,000; other expenses =

Usimov [2.4K]

Answer:

a. $62,915

b. $17,000

c. $5,500

d. $2,915

Explanation:

a. The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - other expenses - depreciation expense

= $235,000 - $147,000 - $7,900 - $17,500

= $62,600

And all other items would remain same

Now put these values to the above formula

So, the value would equal to

= $62,600 + $17,500 - $17,185

= $62,915

b. The computation of the cash flow to creditors is shown below:

= Interest expense - ending balance of long term debt + beginning balance of long term debt

= $13,500 - (-$3,500)

= $17,000

c. The computation of the cash flow to stockholder is shown below:

= Dividend expense - new equity

= $10,500 - $5,000

= $5,500

d. Computation of the addition to the net working capital is shown below:

The computation of the cash flow from assets = cash flow to creditors + cash flow to stockholders

= $17,000 + $5,500

= $22,500

Now addition to NWC = Operating cash flow - cash flow from assets - net capital spending

= $62,915 - $22,500 - ($20,000 + $17,500)

= $2,915

8 0

3 years ago