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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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exis [7]

Answer: -0.24

Explanation:

The portfolio beta is a weighted average of the betas of the individual stocks in it.

The portfolio beta before the replacement is;

= (1.4 * 150,000/375,000) + (0.8 * 50,000/375,000) + ( 1 * 100,000/375,000) + (75,000 * 75,000/375,000)

= 0.56 + 0.11 + 0.27 + 0.24

= 1.17

After the replacement, portfolio beta will be;

=  (0.75 * 150,000/375,000) + (0.8 * 50,000/375,000) + ( 1 * 100,000/375,000) + (75,000 * 75,000/375,000)

= 0.32 + 0.11 + 0.27 + 0.24

= 0.93

The change is therefore;

= 0.93 - 1.17

= -0.24

6 0
2 years ago
Horatio has taken out a $12,450 unsubsidized Stafford loan to pay for his four-year undergraduate education. The loan has an int
abruzzese [7]

Answer:

Explanation:

We solve by first, getting the quota Horatio pays on his loan:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 12,450

time: 10 yearss x 12 months per year = 120

monthly rate: 7.3% / 12 = 0.006083333

12450 \div \frac{1-(1+0.006083333)^{-120} }{0.006083333} = C\\

C  $ 146.487

Now, we miltiply the quota by the quantity of payment ans subtract the principal to get the amount of interest paid:

quota times quantity of monthly payment: total amount paid

less principal: interest paid.

146.49 x 120 - 12,450 = 5,128,80

4 0
3 years ago
Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised
velikii [3]

Answer:

The cost allocated to the building is $ 62,068.97  

Explanation:

The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00  

The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the  appraised value of $145,000

cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97  

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3 years ago
In applying fiscal policy Conservatives will normally seek to limit government and will be inclined to ________ taxes (T) during
telo118 [61]

Answer:

Decrease

Explanation:

Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.

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What would be the consequences if conflict amongst staff in this workplace is not resolved?
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Answer:

Check screenshot attached below

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