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Grace [21]
3 years ago
7

What do you mean by consistency in accounting ?

Business
2 answers:
vfiekz [6]3 years ago
4 0

Answer:

once you adopt an accounting principle or method, continue to follow it consistently in future accounting periods so that the results reported from period to period are comparable.

Explanation:

madreJ [45]3 years ago
4 0
It’s means once you adopt an accounting principle continue to follow it consistently in future accounting period
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The present value of a lump sum future amount:__________
SVEN [57.7K]

Answer:

  • <u><em>d) increases as the interest rate decreases.</em></u>

Explanation:

<em>Present value</em> is the value today; future value is the value some time in the future.

The mere notion of the value of money in time should tell you that, further away in time (towards the future) a sum of money is found, the lower its value today.

Then, you should be able to rule out some propositions that are contrary to that intuition:

  • a<em>) decreases as the time period decreases</em> ↔ clearly false: the present value increases as the time period decreases
  • <em>e) is directly related to the time period</em>. ↔ clearly false: the present value is inversely related to the time period.

How is the present value related to the future value?

They are directly related: the higher a lump sum in the future the higher the value of it in the present; more money is more money always. More money in the future has more value in the present; less money in the future has less value in the present. Thus,  the option <em>b). is inversely related to the future value</em> is false

How is the present value related to the interest rate?. Which one is true?

  • c) is directly related to the interest rate, or
  • d) increases as the interest rate decreases

The present value is calculated discounted the future value at the interest rate. The interest rate is in the denominator of the equation to pass from future value to present value. Thus, they are inversely related (c is false); the less the interest rate, the higher the present value of a future amount (confirm d is true).

Therefore, the correct answer is that <em>the present of a lump sum future amount: </em><em><u>d) increases as the interest rate decreases.</u></em>

<u />

6 0
3 years ago
Traditionally, department stores almost exclusively offered soft goods. But now, most department stores focus on selling both ha
Studentka2010 [4]

Answer:

False

Explanation:

Traditionally, department stores sold both soft goods and hard goods. But now, most department stores focus almost exclusively on soft goods.

Soft goods refers generally to clothing and other textiles like bedding and fabrics.

Hard goods refers to a broad range of products like appliances, furniture, tools, electronics, etc.

5 0
3 years ago
Option 1
agasfer [191]

Answer:

option 2 sorry if wrong

6 0
3 years ago
Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage.
enyata [817]

Answer:

c. An online retailer delivers organic groceries overnight.

Explanation:

As Different companies in different industries follow any one of the five general strategies to gain competitive advantage.

so The online retailer distributes organic groceries overnight, using a low-cost provider strategy. This is due to the intense competition in online retailing.

so correct option is c. An online retailer delivers organic groceries overnight.

6 0
3 years ago
An increase in the real money supply can result from ________.
slava [35]

Answer:

A change in the real money supply can result either from change in the nominal money supply through Federal Reserve policy ( holding the price level constant) or from a change in the price level( holding the nominal money supply constant).The change in the nominal money supply causes a shift of the aggregate demand curve, whereas a change in the price level causes a movement along the aggregate demand curve.

Explanation:

8 0
3 years ago
Read 2 more answers
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