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3 years ago

(Assumptions, Principles, and Constraint) Presented below are the assumptions, principles, and

1 answer:

5 0

The accounting principles, assumptions, and constraints describes are identified as follows: A) 7, B) 6, C) 8, D) 9, E) 1, F) 4, G) 3.

<h3>What are Accounting Principles?</h3>

These are rules or laws that govern the reporting and recording of the financial information of a business.

7 - Expense Recognition Principle: This holds the rule of thought that expenses made ought to be recorded in the books or recognized in the same time frame as the revenue transactions they are related to.

3 - Monetary Unit Principle: This law indicates that if a transaction cannot be expressed in a currency, then it shouldn't be recorded. This means "in-kind" transactions and favors hold no place in proper Financial Bookkeeping practice.

See the link below for more about Accounting Principles:

brainly.com/question/23008273

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People are going to be different. The focus of managers should be to ________. Group of answer choices make sure the practices w

Solnce55 [7]

Answer:

find ways to develop strong relationships with and engage the entire workforce.

Explanation:

People are going to be different. The focus of managers should be to find ways to develop strong relationships with and engage the entire workforce.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

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3 years ago

In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, a

WINSTONCH [101]

Answer:

2) the time consumers save when purchasing goods there.

Explanation:

Their name explains everything. A convenience store is a store where someone can go and purchase goods easily and without any type of difficulty.

Of course a Walmart is cheaper, but will you travel 20 minutes just to get there, and spend 20 more minutes choosing and paying for a cheap good like a Coke, and then 20 more minutes back home. Whatever you save on buying the Coke, you will spend 50 times more in gas and personal time.

So even if a Coke costs $1 more in a 7-Eleven, it is worth it. You will save a lot of money by purchasing your Coke there.

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3 years ago

Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs

valina [46]

Answer:

A. Dr Materials $18,825

Dr Direct Materials Price Variance $8,575

Cr Accounts Payable $127,400

B. Dr Work in Process $97,000

Cr Direct Materials Quantity Variance $4,850

Cr Material 92,150

Explanation:

Preparation of the journal entries

A. Dr Materials $18,825

(2,450*$48.50 per unit)

Dr Direct Materials Price Variance $8,575

[2,450*($52.00 per unit-$48.50 per unit)]

Cr Accounts Payable $127,400

(2,450*$52.00 per unit)

B. Dr Work in Process $97,000

(200*10 units *$48.50)

Cr Direct Materials Quantity Variance $4,850

(2,000 units – 1,900 units) × $48.50

Cr Material 92,150

(1,900 × $48.50 )

6 0

3 years ago

1. How do new tax laws get passed?

Setler79 [48]

Answer:

<u><em>Procedure to pass new tax laws:</em></u>

1. First, a representative sponsors a bill.

2. The bill is then assigned to a committee for study.

3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended

4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.

5. After Congress passes the bill,

6. it goes to the president, who can either sign it into law or veto it.

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3 years ago

If fixed costs are $1,200,000, the unit selling price is $240, and the unit variable costs are $110, what is the amount of sales

Lady bird [3.3K]

Answer: The amount of sales required to realize an operating income of $200 000 is a. 10,769 units.

Explanation: We can solve it with a simple equation:

200 000 = 240x - 1 200 000 - 110x

200 000 + 1 200 000 = 240x - 110x

1 400 000 = 130x

1 400 000 / 130 = x

10769, 23077 = x

We check: 240 . 10769,23077 - 1 200 000 - 110 . 10769,23077 = 200000 √

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3 years ago