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Lemur [1.5K]
2 years ago
11

Identify which basic assumption of accounting is best described in each/some item(s) presented below:a) The economic activities

of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation.c) Walgreen Co. reports current and non-current classifications in its balance sheet.d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.
Business
1 answer:
masya89 [10]2 years ago
8 0

Answer:

a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.

Periodicity principle: companies have to report their financial statements and operations over standard periods of time.

b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation.

Monetary unit: companies have to report their financial statements in a unit of valid currency.

c) Walgreen Co. reports current and non-current classifications in its balance sheet.

Going concern: companies are expected to continue operating in the future.

d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.

Economic entity: companies must report the transactions that involve them and their subsidiaries, but not the transactions that involve their owners or other companies.  

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How theory and thinking on innovation and creativity can contribute to applied practice ​
konstantin123 [22]

Creativity and innovation both contribute to applied practice.

Explanation:

Creativity refers to the way in which new ideas related to a particular item is brought in reality. Innovation refers to the way of implementing the new idea that was not recognized before. The items are unique in nature.

Creativity deals with new ideas as well as different possibilities that are used to solve problems as well as helps in communicating with others. Creativity also helps in entertainment purpose. These are the ways where innovation and creativity  contribute to applied practice.

5 0
3 years ago
3. Name two different market structures. Describe how and why they each have a different competitive situation.
xz_007 [3.2K]
Market structure is defined with characteristics of the market and there are four different market structures: perfect competition, oligopoly, monopoly and contestable market. 
<span>Perfect competition is a market structure in which there is a large number of small firms who produce identical goods otherwise known as homogenous goods and it has a lot of buyers. The competition between these firms is huge, because they are many firms and each of them wants to attract more buyers.</span>
Oligopoly is a market structure in which there is a small amount of large firms, for example the supermarket industry. There are not so many buyers as in the perfect competition, but buyers can still choose from which supermarket, for example, they will buy. So there is a competition between the firms.
7 0
3 years ago
Suppose you are evaluating two mutually exclusive projects, A and B. Project A costs $350 and has cash flows of $250 and $250 in
ki77a [65]

Answer:

The answer is 30%

Explanation:

Solution

Given that:

Project A

Project A costs = $350

Cash flows =$250 and $250 (next 2 years)

Project B

Project B costs =$300

Cash flow = $300 and  $100

Now what is the crossover rate for these projects.

Thus

Year Project A    Project B A-B        B-A

0            -350     -300        -50        50

1             250      300        -50        50

2             250      100         150       -150

IRR         27%      26%         30%      30%

So,

CF = CF1/(1+r)^1 + CF2/(1+r)^2

$-50 = $-50/(1+r)^1 + $150/(1+r)^2

r = 30%

CF = CF1/(1+r)^1 + CF2/(1+r)^2

$50 = $50/(1+r)^1 + $-150/(1+r)^2

r = 30%

Hence, the cross over rate for these project is 30%

Note:

IRR =Internal rate of return

CF =Cash flow

r = rate

5 0
3 years ago
When job demands are so great that the worker feels an inability to cope, this is known as role
Lena [83]

When job demands are so great that the worker feels the inability to cope, this is known as Role Overload

<h3>What is Role Overload?</h3>

Generally, The sense that one's personal resources are being stretched too thin in order to meet the requirements of their job function is one kind of particular stressor known as "role overload" (Eatough et al., 2011).

As a consequence of this, role overload has the potential to result in resource depletion, which is a situation that may be comprehended via the lens of COR.

Read more about Role Overload

brainly.com/question/18829873

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4 0
1 year ago
Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt.
irina [24]

Answer: $47.50

Explanation:

The Price per share under Plan I can be calculated by the formula;

Price per share = Value of debt / (Number of shares under all-equity plan - Number of shares under Plan)

= 109,250 / ( 15,000 - 12,700)

= 109,250 / 2,300

= $47.50

5 0
2 years ago
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