Accounting theories give an idea of how to do it, how to follow it and the corresponding methodology, therefore the owner of a company must recognize these accounting theories to comply within the company.
We have the following accounting theories:
Comparable: It must be presented in a way, which may be compared thoroughly. Such as sales increased by way of 10% from the closing yr.
Relevant: Accounting information ought to be relevant; such as contemporary yr’s records with relevant facts have to be presented in economic report.
Consistent: Methods applied in accounting ought to be consistent; assume immediately line technique of charging depreciation is accompanied since last 5 years. If such technique is converting heavily, like instantly-line for this year and double declining technique inside the coming yr, then the system isn't regular and it doesn’t indicate smooth accounting.
Reliable: There should be reliability; such as coins bills are supported by way of respective vouchers of coins disbursements.
Answer: y = 20x+75
Step-by-step explanation:
Hi, to answer this question we have to write an equation:
The cost (y) must be equal to the product of the cost per hour of installation (20) and the number of hours that it takes (x); plus the fixed cost of parts and installation (75).
Mathematically speaking:
y = 20x+75
Feel free to ask for more if needed or if you did not understand something
Byron would have to work 13 hours to earn $143.00
-3 ? i think if it’s wrong i’m sorry
