Answers
Answer: Time period
Explanation:
From the question, we are informed that Johanna recently took over her father's business and she considered changing the date when she records and reports the business' financial results but her accountant advised her not to do this.
The accounting principle that is the basis of the accountant's advice is time period principle. The time period principle states that information regarding a particular transaction shouldn't be changed when it has been reported for at a particular time period.
Related Questions
In 2007, the Office of Management and Budget (OMB) defined personally identifiable information (PII) as: "Information which can be used to distinguish or trace an individual’s identity, such as their name, social security number, biometric records, etc. alone, or when combined with other personal or identifying information which is linked or linkable to a specific individual, such as date and place of birth, mother’s maiden name, etc."True or false?
Consumption spending is:__________ A. spending by households, businesses, and government on all goods used up within one year. B. spending by individuals and households on both durable and nondurable goods. C. spending on goods and services by heads of households. D. spending by individuals and households on only nondurable goods, since they are used up quickly.
On December 31, Year 3 Snack, Inc. adjusted its records to recognize $5,000 of accrued salaries. Based on this information alone. A.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries expense. B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.C.the income statement for Year 3 would show $5,000 of accrued salaries payable. D.the income statement for Year 4 would show $5,000 of accrued salaries expense.
Everyone in the Tagi tribe agreed to vote out Gervasse at the next tribal council. Their 39-day project to make it to the final four together was two steps away from completion. This project group is in the:A) storming stage of group development.B) performing stage of group development.C) forming stage of group development.D) norming stage of group development.
Answers
A call bond option is termed as the option that implies the bondholder the right to purchase the bonds at the prevailing price in the market. A buyer of a bond call option in the secondary market forecasts a drop in investment substantial rise in bond prices.
The correct option is a. I, II, and III only
Option a. I, II, and III only is correct because The contract value will decline as it reaches maturation because it will become less unpredictable.
The goal of purchasing a call option is to benefit if the price of the underlying stock rises. The attractiveness of the callable bond falls as the price of bitcoin declines, and the worth of the call option reduces as well.
The exercise price is the price where the individual who acquires a call option will be able to acquire the underlying shares. If this price is too high, the benefit from buying the stock at maturity will be too little, diminishing the value of the specified call option.
To know more about the listed call option, refer to the link below:
Answer: a. I, II, and III only
Explanation:
The exercise price refers to the amount that the person who buys the call option will get to buy the underlying stock at. If this price is high, the profit from buying the stock at maturity will be less so the value of the listed call option reduces.
As the contract approaches maturity, the value will decrease because it will be less volatile as it approaches maturity.
The purpose of buying a call option is so that a profit can be made if the underlying stock increases in value. If the stock decreases in value, the allure of the call option decreases so therefore will the value.
Answers
Basic research is the least likely to result in product innovation that have near-term commercial application
Explanation:
Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".
The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.
We cannot even predict the types of research knowledge which might add a value to the future changes
Answers
Answer:
Borrowed Amount = $330,000
Interest Rate = 12%
Interest Expense = Borrowed amount * Interest Rate
Interest Expense = $330,000 * 12%
Interest Expense = $39,600
Answers
Answer:
The amount in Bob's account is $26320.516
Explanation:
The total amount saved each month for the down payment (A ) = $315
The interest rate per month (r ) = 0.41 %
Number of years (n ) = 6 years
Below is the calculation to find the total amount in Bob’s account. Here, we will take the number of compounding period as 72 because the interest rate is monthly compounded and there are 72 months in 6 years.
Cost-volume-profit analysis.
Least-squares regression analysis.
Variance analysis.
Process costing.
Answers
Answer:
Cost volume profit Analysis
Explanation:
Cost volume profit Analysis is a tool which depicts the relationship between level of activity, revenue , cost and profit. It is an important tool adopted by accountants to help carry out any of the following analyses:
Break-even point - The level of activity to achieve a zero profit. Where no profit or loss is made .
Target profit Analysis; The level of activity to be that would he;p achieve a specific amount of profit
Margin of safety - To determine the amount by which budgeted sales exceeds the break-even sales
B. Puréed
C. Cooked separately beforehand
Answers
Answer: The correct answer isA; cut into large pieces.
Explanation:
When cooking a meal using the braising technique, the meat, including poultry, and vegetables need to be cut into large pieces. The vegetables and other items in the braise will be covered with enough liquid to only cover the meat and/or vegetables. The braise is then covered and simmered so that the food cooks evenly with the heat and steam. When making a stew, the vegetables should all be cut into equal slices.