This action is a violation of Cost Principle or Historical Cost Concept.
What is Historical Cost Concept?The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
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What makes a business unique
Answer:
A lot of things can make a business unique since every entrepreneur has different ideas when starting a new business it depends on the persons approach to their business.
Answer:
the people, their approach, the intangible elements.
Bill was 150 pounds overweight but his insurance premiums significantly dropped after he lost weight by going to a local health club and sending his insurance company recored of his monthly visits with a personal trainer what kind of measures did bill take that led for his insurance premiums to drop
The kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.
What is a preventative measure?In insurance, a preventative measure can be defined as a kind of measure that typically involves reducing the degree of risk associated with an insurance object, and mitigating (decreasing) the negative impact of potential insurance-related accidents on the insured.
In this context, we can infer and logically deduce that the kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.
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On October 1, Year 1, Jason Company paid $3,600 to lease office space for one year beginning immediately. What is the cash outflow for rent that would be reported on the Year 1 statement of cash flows
The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700
What is cashflow?This is the amount of cash , which a company receives or gives out by the way of payments to its creditors.
Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.
The duration of the payment is 12 months, hence
Monthly amortization
= $3,600 / 12
= $300
Rent expense for year 1
= $300 × 3
= $900
The ending balance in the prepaid rent account will be
= $3,600 - $900
= $2,700
This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.
Hence, the cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700
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Select the correct answer.
Which equation is the correct fundamental accounting equation?
OA owner's equity = liabilities -assets
OB.
assets liabilities - owner's equity
=
OC. assets = liabilities + owner's equity
O D.
assets + liabilities = owner's equity
Answer:
Assets=liabilities+owner's equity
define permanent office in one sentence
Answer:
A permanent office is also known as the long term office. It is established for the production and distribution of goods and services over a long period of time.
Explanation:
Mark me brainlistJennifer bought an AirFryer online and chose an in-store pick-up option. When she went to pick up the AirFryer, she was told that the product was sold out. Jennifer's dilemma is referred to as the _______, the anticipation of receiving a highly desirable option only to have it become inaccessible.
Jennifer bought an AirFryer online and chose an in-store pick-up option. When she went to pick up the AirFryer, she was told that the product was sold out. Jennifer's dilemma is referred to as the classic dilemma, the anticipation of receiving a highly desirable option only to have it become inaccessible.
What is classic dilemma?Classic dilemma is a type of dilemma where an individual does not have a choice to pick or select.
The individual is faced with just a choice from the option.
Therefore, Jennifer bought an AirFryer online and chose an in-store pick-up option. When she went to pick up the AirFryer, she was told that the product was sold out. Jennifer's dilemma is referred to as the classic dilemma, the anticipation of receiving a highly desirable option only to have it become inaccessible.
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A business's budget estimates yearly sales of $735,650. if the business plans to spend 38%
of sales on salaries and wages and 24% of sales for other expenses, how much should it
budget for total expenses?
o $456,103
o $279,547
o $176,556
o $529,668
The amount that it should budget for total expenses is: $456,103.
Budgeted total expenseUsing this formula
Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)
Let plug in the formula
Total expenses=$279,547+$176,556
Total expenses=$456,103
Therefore the correct option is A.
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Scott is a 15-year-old student who works at a part-time job and gets paid every two weeks. His paycheck goes directly to his prepaid debit card. Due to some unexpected expenses, Scott is applying for a payday loan. After visiting the storefront payday lender, Scott was denied the loan because he
Scott was denied the loan because he was not old enough to qualify.
What is the Payday loan?Payday loan is a type of unsecured loan in which high rate of the interest is given to the borrower. It is a kind of the short term loan basically for the two weeks.
According to the above situation, Scott is cannot get the payback loan because he is minor to sanction a loan. He must have the age of 18 years or above.
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Gross domestic product tracks economic growth by measuring all goods and services
exported by an economy.
produced by an economy.
imported by an economy.
purchased by an economy.
Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.
What is Gross domestic product?Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.
Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.
Therefore, correct option is B.
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Answer:
B just got it right
Explanation:
Installation and start-up costs for utilities are called.
Installation and start-up costs for utilities are called seed or start-up capital. This is further explained below.
What is start-up capital.?Generally, start-up capital. is simply defined as the money an entrepreneur raises to cover the startup expenses of a new business until it is profitable.
In conclusion, It is termed seed or start-up funding for utility installation and startup expenditures.
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The main benefit of a technical school certification
is (4 points)
Select one:
a. more limited choices for careers
b. more time spent perfecting skills compared to college
c. reduced costs compared to other degree options
d. reduced earning potential compared to college
Explanation:
more time spent perfecting skills compared to college
Why should investors know the difference between nominal and real interest rates?.
Why should investors know the difference between nominal and real interest rates is: To be able to to recognize the effects of inflation.
Nominal and real interest ratesIt is important or paramount that investors know the difference between nominal and real interest rates as this will enable them to know the effect of inflation which occur when their is increase in the price of goods and service.
Nominal interest rates will help tell investors about the current situation in the market while Real rates will tell investor the returns they can gain so as to increase their capital.
Therefore Why should investors know the difference between nominal and real interest rates is: To be able to to recognize the effects of inflation.
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An effect of changing legislation on human resources professionals is that: Multiple select question. they must update company HR policies and procedures to stay current with legal changes it reduces the cost of managing human resources they must stay current with changes in the law they must automatically increase compensation for all employees
They must update company HR policies and procedures is An effect of changing legislation on human resources professionals.
What is human resources?Human resources is the recruiting department in the organization, that has many roles and responsibilities like payroll, fill the vacant position of the company, ensure the company's harmony, arranging the events in the organization.
Thus, option A is correct.
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In the context of the career stage model, _____ are sequences of job experiences along which employees move during their careers.
The sequence of job experiences along which employees move during their careers in the career stage model is known as the career path.
What is a Career?When an individual chooses his profession based on his interest and opportunities in the profession to achieve success is known as his career.
The career path is referred to as a sequence of jobs an individual did to achieve his personal and professional goals. For example, when anyone starts his job from fresher level to managerial level. The journey and the experience he had from beginner to experience will be considered a career path.
This carrer path helps an individual to grow, learn skills, develop new interests and take on challenges to achieve growth in life. This career path helps to change the field if you are not satisfied with the work or growth you are seeking.
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Which of these is the MOST accurate way to describe a typical manager from one hundred years ago?
OA gentle and kind
OB. strict and enforcing
OC. busy yet friendly
OD. talkative and bored
Answer:
The answer is strict and enforcing.
Explanation:
This is because the manager would keep all their workers in place, and prevent them from breaking any rules.
cash flows earlier in a project's life are more valuable than Blank______ cash flows later on. Multiple select question. Higher; lower Lower; higher Higher; higher Lower; lower
Cash flows earlier in a project's life are more valuable than Higher cash flows later on Lower. Option A. This is further explained below.
What is the project?Generally, the project is simply defined as company that is well organized to accomplish a certain goal.
In conclusion, A project's early cash flows are more valuable than its later cash flows that are higher, but later on.
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Products whose demand rises when another product’s price increases are called.
Close Substitutes.
When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.
According to Forrester's Social Technographics Model a ______ score measures how common it is for a target segment to share product and service experiences, such as sharing what songs they're listening to on Spotify or comparing their workouts to that of other Fitbit users.
According to Forrester's Social Technographics Model a Use score measures how common it is for a target segment to share product and service experiences.
What is Forrester Social Technographics Model?This is the model that was developed by this person which focuses on social behaviors.
The model is one that helps commercial business peiople to target the behaviors of their audiences for the sake of building customers relationships.
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Accounting information is categorized as inputs, processing, or outputs. Select the appropriate category for each type of accounting information listed. 1. Sales Documents (Click to select) 2. Journal Entries (Click to select) 3. Payroll Records (Click to select) 4. Travel Records (Click to select) 5. Income Statement (Click to select) 6. Posting to Accounts (Click to select) 7. Balance Sheet (Click to select) 8. Summarizing Accounts (Click to select) 9. Statement of Cash Flows
There are various accounting information which can be grouped under input, processing and outputs.
Correct grouping of accounting information1.) Sales Documents: Processing
2. Journal Entries: inputs
3. Payroll Records: inputs
4. Travel Records: outputs
5. Income Statement: outputs
6. Posting to Accounts: outputs
7. Balance Sheet: processing
8. Summarizing Accounts: processing
9. Statement of Cash Flows: processing
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What is opportunity cost? ( selext the best answer)
Answer: the loss of potential gain from other alternatives when one alternative is chosen
Explanation:
Visit the web site for a different well-known company, and find the section that lists the company's values. what are the company's values? how do they relate to the products the company sells? did anything surprise you about the company's values? why or why not?
Person can visit the website of Microsoft is the well known company to find the section that lists the company's values.
What are the core values that Microsoft has?Innovation - People think that technology can and should be used for good, and that meaningful innovation can and will help to make the world a better place in both large and little ways.Inclusion and variety Diverse voices allow us to thrive. To inform, challenge, and push our thinking, we draw on the experiences, strengths, and perspectives of our workers and customers.CSR- people think that technology has the potential to be a great force for good, and we are working to ensure that everyone has access to the benefits and opportunities that technology provides. Artificial Intelligence- AI, we believe, can enhance your capabilities, free you up for more creative and strategic pursuits, and help you or your organization achieve more when it is created with humans at the heartThus, Microsoft is company that have a solid values.
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You borrowed $1, 690 for 5.5 years compounded semi annually at an interest rate of 5.7%. What total do you pay back
Answer:
602.45 is the correct answer
Outline any other THREE qualities of a successful entrepreneur
Answer:
Robust Work Ethic.
Deep Passion.
Creativity. ...
Motivated Self-Starters. ...
Easygoing Attitude. ...
Eager to Learn.
you can choose any three you want :)
As the number of stocks in a portfolio rises, a. neither firm-specific risks nor market risk falls. b. market risk falls; firm-specific risks do not. c. firm-specific risks fall; market risk does not. d. both firm-specific risks and market risk fall.
The correct statement is if the number of stocks in a portfolio rises then the firm-specific risks fall; market risk does not. .
What happened if number of stock would be increased in the portfolio?If the number of the stocks increases in the portfolio, then the total overall return from the portfolio will decreased.
it usually happens because some stock in the stock market generally outperforms the other stock. On the other hand, most of the stocks provides an average return on them.
The risk in the portfolio can be reduced by adopting the diversification in the portfolio.
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Labor costs that are clearly associated with employees who directly convert materials to finished product are called:
Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor
What is direct labor?Direct labour are labor that are used for production.
It includes casual workers in factory, processing and packaging.
Therefore, Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor
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The market price of a security is $50. Its expected rate of return is 14%. The risk-free rate is 6%, and the market risk premium is 8.5%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)
The market price of a security is $50. Its expected rate of return is 14%, and the market price of the security is mathematically given as
MR=27.368
What will be the market price of the security if its correlation coefficient with the market portfolio doubles?Generally, the equation for expected rate return is mathematically given as
RR=(Rf+beta*(Rm-Rf)
Therefore
RR=(Rf+beta*(Rm-Rf)
Beta= (13-7)/8
Beta=0.75
In conclusion, the market price of a security
MR=DPs/RR
Where
Po=DPS/RR'
DPS=40*0.13
DPS=$5.23
and
RR=&+1.5*8
RR=19%
Hence
MR=$5.23/0.19
MR=27.368
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Resources (such as land) and technology (such as the ability to draw water from a well):Multiple choice question.influence the likelihood that consumers will purchase the product.cannot be influenced by producers.are the most expensive inputs that producers use.contribute to how a good or service is produced for the market.
Resources and technology contribute to how a good or service is produced for the market.
What is Resources and technology used for?The resources serves as the Primary factor of production while the technology forms part of the secondary factor of production.
They are both essential factor on how a good or service is produced for the market.
Therefore, the Option D is correct.
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Natasha is listening to dominick talk about his plans to build his kids a tree house. although he has been talking for some time, she hasn't been able to extract the main point. she has asked questions to clarify what he says. she still isn't sure about what he's saying, so she repeats what he said to see if she has it right. she makes sure not to judge what he's saying since she didn't understand. she decided that she would take notes the next time. which part of this description exemplifies analytical listening?
The part that has to do with analytical listening is, she has asked questions to clarify what he says.
What is analytical listening?This is the type of listening that is done in such a way that what is being said would be properly analyzed.
This is not just about understanding what is being said. It has to do with division of questions to get to the main points.
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__________ involves the review and evaluation of the records and processes that are used to prepare the organization's financial statements.
Answer:
this is a Financial audit
Define the term teamwork
Answer:
helping and communicating
Explanation:
word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole
hope it helps
source: merriam webster
Answer:
the combined action of groups ,especially when effective and efficient