Respected ________, I hope you are doing great in health. I am writing this letter to you so that I can ask you the permission of course change. As I am studying (Subject or course name) from last six months or one year and continuously my GPA is Decreasing and the studies are getting difficult as the semesters are passing.
Hope this helps :)
Answer:
1. Periodicity assumption.
2. Going concern assumption.
3. Historical cost principle.
4. Economic entity assumption.
5. Full disclosure principle.
6. Monetary unit assumption.
Explanation:
1. <u><em>Periodicity assumption</em></u>: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.
2. <em><u>Going concern assumption</u></em>: The business will continue in operation long enough to carry out its existing objectives.
3. <em><u>Historical cost principle</u></em>: Assets should be recorded at their acquisition cost.
4. <em><u>Economic entity assumption</u></em>: Economic events can be identified with a particular unit of accountability.
5. <em><u>Full disclosure principle</u></em>: Circumstances and events that could make a difference to financial statement users should be disclosed.
6. <em><u>Monetary unit assumption</u></em>: Only transaction data that can be expressed in terms of money should be included in the accounting records.
The more supply the lower the price
The higher the demand the lower the supply
The higher price the lower the demand
Answer:
we will save 500,000 dollars worth of inventory.
Explanation:
If sales are 4,000,000 then the expected inventory will be 1,000,000
Giving an inventory turnover of:
4,000,000 / 1,000,000 = 4
IF we double the inventory turnover then:
4,000,000/inventory = 8
So the inventory will be of: 4,000,000/8 = 500,000
the difference is for 500,000
