The economic entity assumption states that economic events A. of different entities can be combined if all the entities are corporations. B. must be reported to the IASB. C. of a sole proprietorship cannot be distinguished from the personal economic events of its owners. D. of every entity can be separately identified and accounted for.

Answers

Answer 1

Answer:

Final answer:

The Economic Entity Assumption is a key principle in accounting, enabling economic events of individual entities to be separately identified and accounted. The correct answer to the question is 'D. of every entity can be separately identified and accounted for.', which means all types of entities, such as corporations or sole proprietorships, can have their economic events independently accounted for.

Explanation:

The Economic Entity Assumption is a principle in accounting that allows us to separate and identify the economic activities of different entities. This assumption plays an integral role in the management and understanding of a business’s financial health, as it enables the financial activities of a business to be distinguished from the personal financial activities of its owners. In response to the options given, the correct answer is 'D. of every entity can be separately identified and accounted for'. This means that each economic entity's events can be clearly differentiated and accounted for independently, regardless of whether they're corporations, sole proprietorships, or any other type of business model.

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Answer 2

Answer:

Final answer:

The economic entity assumption states that the economic events of every entity can be accounted for separately. This principle is vital for accuracy and transparency in financial reporting, as it mandates the separation of business and personal financial activities.

Explanation:

The economic entity assumption is a fundamental principle in accounting. The correct answer is option D: economic events of every entity can be separately identified and accounted for. This assumption holds that the financial activities of a business entity should be kept separate from the personal financial activities of its owners or other business entities. For instance, a sole proprietor's personal expenses should not be mixed with the expenses of the business they own. This principle helps ensure the transparency and accuracy of a business's financial records. Without the economic entity assumption, accurately tracking and reporting financial information would be far more complex and confusing.

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(a) For a normal distribution, find the z-score that cuts off the bottom 55.76% of all the z-scores. Round to 2 decimal places after the decimal point. answer: (b) For a normal distribution, find the z-score that cuts off the top 77.52% of area. Round to 2 decimal places after the decimal point. answer:

Answers

Answer:

a) Z = 0.15

b) Z = -0.76

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = (X - \mu)/(\sigma)$

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

(a) For a normal distribution, find the z-score that cuts off the bottom 55.76% of all the z-scores.

Bottom 55.76% of the scores are the z-scores with a pvalue of 0.5576 and less. So the z-score that cuts off these scores is Z when X has a pvalue of 0.5576, which is Z = 0.145, rounded to two decimal places, Z = 0.15.

(b) For a normal distribution, find the z-score that cuts off the top 77.52% of area.

The top 77.52% of the scores are the z-scores with a pvalue of 1-0.7752 = 0.2248 and higher. So Z = -0.764 and higher. So the value that cuts off the top 77.52% is Z = -0.76.

Determine 6th term in the geometric sequence whose first term is 3 and whose common ratio is -4.

Answers

$a_1=3$
$a_2=-4a_1$
$a_3=-4a_2=(-4)^2a_1$
$\cdots$
$a_6=-4a_5=\cdots=(-4)^5a_1$

$\implies a_6=(-4)^5\cdot3=-3072$

Given the formula for the perimeter of a rectangle where l represents the length and w represents the width. 2(l + w) What does the 2 represent in this formula?