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DanielleElmas [232]
2 years ago
7

An effective accounting system should identify and record only the valid transaction of the entity that occurred in the current

period, which relates to the
Business
1 answer:
mihalych1998 [28]2 years ago
8 0

Answer:

Existence or occurrence assertion

Explanation:

In simple words, The existence as well as occurrence allegation determines whether assets and liabilities occur at a specific date and if activities have been documented. If fraudulent sales were reported, there would be a deception. Exaggeration of financial stating parts is a major risk here.

Thus, from the above we can conclude that the correct answer is existence or occurrence assertion

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Zook company is a wholesaler that buys footballs and then sells them to other businesses, such as sports authority and target. t
Misha Larkins [42]
Based on the given information above about the Zook Company which is a wholesaler company, the type of wholesaler that it falls into is in the JOBBER. It is classified as a jobber since the Zook company only has a limited merchandise as well as their functions are limited too. In addition, they do not give any feedback to the manufacturers from the retailers.
5 0
3 years ago
Hormel offers its food distributors a discount of 15 percent for payment within 10 days on orders of all Jiffy brand products. H
Feliz [49]

Hormel is giving its customers a cash discount.

<h3>What is cash discount?</h3>

Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.

Based on the given scenario Hormel offers is offering its  food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of  10 days.

Inconclusion Hormel is giving its customers a cash discount.

Learn more about cash discount here:brainly.com/question/14883253

4 0
2 years ago
A share of Citigroup stock represents:a.An IOU, or promise to pay, from Citigroup b.A right to require that Citigroup pays all p
valkas [14]

Answer:

A share of Citigroup stock represents a claim on Citigroup's assets that gives the purchaser a share of the corporation.

Depending on whether you are an investor or the corporation, a bond is more or less riskier than a stock.

If you are an investor, buying a bond is safer than buying stock since in a worse case scenario where the company goes bankrupt, bond holders are paid before than stockholders. Also bonds provide fixed periodic payments (coupons) and a final payment of the face of the bond at maturity date.

If you are the corporation, issuing bonds is riskier than issuing stock since you have the obligation of making fixed periodic payments to bondholders (coupons) and must pay the face value at maturity date. On the other hand corporations don't have any legal obligation to pay dividends.

6 0
3 years ago
Pls help me I would appreciate it
devlian [24]

Answer:

I WOULD SAY HIGH INTRUST RATE.

Explanation:

Hope this helps <3 HAVE A GOOD DAY!

6 0
2 years ago
Read 2 more answers
From the list that jill made for a shopping trip to the grocery store, she could recall only the items in the beginning and in t
Veseljchak [2.6K]

this is an example of semantic memory

<h3>What is semantic memory?</h3>

Semantic memory refers to general world knowledge collected by humans over the course of their lifetimes. This general knowledge is influenced by experience and culture.

You are using semantic memory when you know what an object is, the name of a color, or the name of the president. Semantic memory is critical for children and students since it allows you to recall the facts that you are learning and being evaluated on.

Semantic memory is conscious long-term memory for the world's meaning, understanding, and conceptual facts. Semantic memory is one of two types of explicit, conscious, long-term memory, which is memory that may be recovered into conscious awareness after a considerable delay (from several seconds to several minutes).

To know more about semantic memory follow the link:

brainly.com/question/4167952

#SPJ4

8 0
1 year ago
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