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evablogger [386]
3 years ago
15

The owner of Shady Grove Company has the bookkeeper write company checks to pay for his personal items. This violates __________

.
Business
1 answer:
Rainbow [258]3 years ago
7 0

Answer:

The separate-entity assumption

Explanation:

The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.  

In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.

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the seattle corporation has been presented with an investment opportunity whihc will yield cash flows of 30000 per year
asambeis [7]

b. 4.86 years is the payback period for this investment.                      

                     

Year 0 1 2 3 4 5 6 7 8 9 10

Investments cost  $ (150,000)                    

Yielding cash   30000 30000 30000 30000 35000 35000 35000 35000 35000 40000

Net cash flow  $  (150,000) 30000 30000 30000 30000 35000 35000 35000 35000 35000 40000

                     

Cumulative cash flow  $  (150,000)  (120,000) (90,000) (60,000) (30,000) 5,000 40,000 75,000 110,000 145,000 185,000.

Payback period = 4+(30000/35000)                  

(Years) = 4.86

The payback period is defined as the number of years required to recover the original cash investment. In other words, it is the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.

The question is incomplete. Please read below to find the missing content.

The Seattle Corporation has been presented with an investment opportunity that will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. This investment will cost the firm $150,000 today, and the firm's required rate of return is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment?

a.

4.00 years

b.

4.86 years

c.

6.12 years

d.

4.35 years

e.

5.23 years

                     

Learn more about investment here: brainly.com/question/24703884

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8 0
2 years ago
assuming that prices rise over time, which inventory cost flow assumption will result in the lowest cost of goods sold?
12345 [234]

Answer: FIFO

Explanation:

3 0
3 years ago
Privacy laws include governing: agreements about supply and delivery of goods. agreements about supply and delivery of goods. en
lozanna [386]

Answer is given below:

Explanation:

  • Privacy laws governing the regulation, storage and use of personally identifiable information, personal health information
  • Privacy laws are considered in the context of an individual's privacy rights or a reasonable expectation of privacy
  • so that Privacy laws include governing : Data collection, storage, use and permissions

8 0
3 years ago
A company manufactures a product using machine cells. Each cell has a design capacity of 250 units per day and an effective capa
Blababa [14]

Answer:

1.90

Explanation:

Calculation for how many cells that the company require to satisfy predicted demand

Using this formula

Numbers of cell=Projected annual demand/Annual capacity per cell

Based on the information given we were told that Annual demand is 50,000 units in which it is forecasted that within 2 years it will tripple which means that Annual demand will be calculated as:

Projected annual demand = 50,000*2 years

Projected annual demand=100,000

Let plug in the formula

Numbers of cell=100,000÷(220 units/day × 238 days/year)

Numbers of cell=100,000÷52,360

Numbers of cell=1.90

Therefore the amount of cells that the company require to satisfy predicted demand will be 1.90

6 0
3 years ago
The main disadvantage of a monetary union is the loss of national monetary and exchange rate policy independence. lessened polit
anzhelika [568]

Answer:

The correct option is;

Loss of national monetary and exchange rate policy

Explanation:

The disadvantages of the establishment of monetary unions includes;

1) The loss of independence in monetary policy

2) The associated problems that arise due to the the initial establishment of the union

3) Tedious nature of the task of attaining comprehensive capital mobility

The advantages are;

1) Lack of uncertainty in exchange rate variation

2) Reduced cost of doing business

3) Improved fiscal stability as well as control of the inflation rate by supranational central bank.

7 0
3 years ago
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