hich of the following statements about the time period assumption is true? a. adjusting entries would not be necessary if a company's life were not divided into artificial time periods. b. accountants divide the economic life of a business into artificial time periods, but each transaction affects only one of these periods. c. a time period lasting one year is called an interim period.

Answers

Answer 1

The only statement that is true about the time period assumption is "Accountants divide the economic life of a business or organization into artificial time periods, but each transaction affects only one of these periods". The correct option is B.

The  organization is very profitable as the businesses can make high value purchases and products for the transactions and expend more time and resources researching their value which will add on their business.

This statement is correct because the time period assumption is a fundamental accounting principle that assumes that the economic life of a business can be divided into artificial time periods, such as months, quarters, and years.

The reason of accountants divide the economic life of a business or organization into artificial time periods, but each transaction affects only one of these periods for adjusting entries are necessary to ensure that the financial statements accurately reflect the financial position of the company at the end of the period.

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Related Questions

what do you think when will the lookdown open in nepal and india ?
and do not report, and why will you report if u have a specific reason then i will think, but this is my doubt.

Answers

Answer:

maybe August

Explanation:

school opens in August, so, maybe then?

Hope you have a great day

The jury's final decision is referred to as which of the following?

Answers

Answer:

Verdict

Explanation:

Answer:

verdict- the jury's final decision

Maximum profit can occur when marginal profit is zero. True O False

Answers

The statement "Maximum profit can occur when marginal profit is zero" is not entirely true. The correct answer is False.

What is Marginal profit?

Marginal profit refers to the additional profit a company generates by producing one more unit of a product or providing one more service. Marginal profit is zero when the total cost of producing an additional unit of a product equals the total revenue earned from selling that unit of the product. The additional benefit that a company would get from producing one more unit would be equal to the additional cost of producing one more unit. Hence, the profit would not increase or decrease.

At that stage, the company is operating at the highest point of its production efficiency and producing beyond this point would result in decreasing profits. Therefore, at this point, the firm has reached its optimal capacity.

The maximum profit is obtained when the marginal cost is equal to marginal revenue. Therefore, the statement "Maximum profit can occur when marginal profit is zero" is not entirely true.

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Body glove’s social media managers have been creating a series of lifestyle videos that highlight the benefits of physical fitness and yoga through its ""create happiness"" campaign. ________ allows customers to become subscribers to ensure they never miss a new posting.

Answers

Body glove’s social media managers have been creating a series of lifestyle videos that highlight the benefits of physical fitness and yoga through its "create happiness" campaign. You-tube allows customers to become subscribers to ensure they never miss a new posting.

Social media managers are people that generally responsible for developing strategies to improve brand awareness and reputation. They do that by producing content, creating (as well as overseeing) social campaigns, engaging with online followers, and overall creating an active social media presence.

To achieve that, they use social media. The social media that use videos and allows customers to become a subscriber on their platform is You-tube.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Which is the definition of competitiveness?

Responses

1. the ability to create an environment built on support and encouragement


2. steadfastness and commitment in achieving a goal


3. doing something that might result in loss to achieve business goals


4. the property of having a strong desire for success and achievement

Answers

2……………………………………………………….

what is the factored form of x^2-11x+24=0

Answers

Answer:

(x - 8)(x - 3) = 0

Explanation:

Use the AC method, multiplying the a by c, or the coefficient of x (which is 1) and the last term, 24.

1 x 24 = 24

Now list factors of 24:

1 x 24

-1 x -24
2 x 12
-2 x -12
3 x 8
-3 x -8
4 x 6
-4 x -6

Which of these factor's sums would equal -11 (the middle term)?

-3 + (-8) = -11

So replace -11x with -3 and -8:
x^2 - 3x - 8x + 24 = 0

Now factor by separating into two groups:
x^2 -3x and -8x + 24

GCF between x^2 and -3x is x. So factor x out.
x(x - 3)

GCF between -8x and 24 is 8. So factor 8 out.
-8(x - 3)

Now we have x(x - 3) - 8(x - 3)

(x - 8)(x - 3)

Forrest fennell is thinking about investing in capital city bank. he is examining certain ratios of the bank including the ratio of nonperforming loans to total loans and leases and the provision for loan losses to total loans and leases. what type of risk is forrest attempting to measure with these ratios

Answers

Answer:

Credit risk

Explanation:

Credit risk is the risk that arises when the borrower fails to repay the loan to the person or the financial institution from whom he took the loan. It derives the loss possibility suffered by the lender with respect to the interest and principal amount not received by the borrower

According to the given scenario, the credit risk option is appropriate as it fits to the situation and extract the same meaning as discussed above

Please only answer if you can help!!

Bobby is building a home for Shyla that under the original contract is to be completed by June 3rd. Shyla found the plans for the home in a publication focusing on unique houses and is excited because it will be the only style of home in this area. Because he underestimated the time needed for special antique framing required for Shyla's house, Bobby tells Shyla that he needs to hire additional workers in order to have the home done by that time and that Shyla needs to pay him an extra $5,000. Shyla says that she will pay the extra $5,000. Bobby finishes the home and asks for his $5,000. Shyla refuses to pay. What will happen if Bobby sues? Which theory of contracts/consideration is applicable and then who will win in this scenario.

Answers

Shyla must pay Frank the extra $5,000 because she consented to do so and didn't object to Frank's miscalculation of time when she consented to give him $5,000.

Is an agreement a contract if consent to it was obtained by coercion?

When agreement is gained by the exercise of undue influence, the agreement may be revoked at the sole discretion of the individual whose consent was coerced.

What is agreement when it is forced and the outcome of mistake?

It is impossible to argue that consent was granted voluntarily if it was obtained under duress, coercion, fraud, misrepresentation, or error. The contract is voidable if there is a mistake in the cause or the factor that led to the mistake.

Is the contract valid when a party's consent is not freely given?

When a contract is signed without the parties' express assent, it is deemed voidable. The legislation defines a voidable contract as one that is enforceable by law at the choice of one or more parties, but not at the discretion of the other parties.

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Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online?
Why? What type of issues might an online business deal with in the global market?

Answers

Operating a business online entails dealing with technical obstacles, security concerns, and consumer distrust.

Research based problem:

While you can avoid or at least mitigate these difficulties, it's critical for company owners to keep an eye on prospective concerns in order to avoid big calamities.

Because the main providers they provide are information-based, professional service based firms are well-suited for the Internet.

Because the provision of these services necessitates the provider's physical presence, a household chores or lawn maintenance service company is not well suited for the Internet.

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Which of the following damages would be covered under the Liability Coverage of the Personal Auto policy? A Damage to a neighbor's riding lawn mower in the care of the insured B Damage to a rental car rented to the insured C Damage to property being transported by the insured D Damage caused to a rented garage by the insured auto

Answers

Answer: Damage caused to a rented garage by the insured auto

Explanation:

Personal Auto insurance policy is a policy that's is bought by vehicle owners in order to mitigate the costs which results from one getting in an accident with the vehicle.

Under the Liability Coverage of the Personal Auto policy, the damage that would be covered will be damage caused to a rented garage by the insured auto.

What is one benefit of continuing your education after high school?

A. The ability to earn money immediately

B. Postponing responsibility for your actions

C. Increased earnings over the course of your career

D. There is no benefit to continuing your education.​

Answers

Answer:

C

Explanation:

The most relevant one because university is the place to produce expert in many fields. Thus this will increase your earnings within your course of career.

Answer:

c

Explanation:

the exclusive economic zone (eez) extends ___ miles from a country’s coastline. a.20 b.100 c.200 d.500 e.1000

Answers

The Exclusive Economic Zone (EEZ) is a maritime zone that extends up to 200 miles from a country's coastline. Within this zone, a country has special rights to explore and exploit the natural resources found in the waters, seabed, and subsoil. These resources include fish, oil, gas, and minerals.

The EEZ was established by the United Nations Convention on the Law of the Sea (UNCLOS) in 1982 to provide coastal states with more control over their ocean resources. The EEZ is important for the economic development and security of coastal states, and it also helps to protect and preserve the marine environment.

The EEZ extends 200 miles (c) from a country's coastline, allowing the coastal nation to have special rights to explore, exploit, conserve, and manage natural resources within that area. This includes resources found both in the water column and on and under the ocean floor. However, other countries still maintain the right to navigate through this zone freely. The establishment of EEZs helps to promote sustainable resource use and minimize conflicts over ocean resources among nations.

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harry, the local sandwiches r us manager, wanted to increase sales. he decided to raise the price of their most popular sandwich, the tuna on rye bread, by 75 cents to $4.25. a month later, when he compared the most recent month sales to the previous month, he saw that dollar sales for tuna on rye went up by 10% and he was satisfied with the results. calculate the price elasticity of demand for the store’s tuna on rye.

Answers

The Store's price elasticity of demand for the tuna on rye is 0.47.

Data and Calculations:

Change in price = 75 cents

New price = $4.25

Old price = $3.50 ($4.25 - $0.75)

Percentage change in demand = 10%

Percentage change in price = 21.43% ($0.75/$3.50 x 100)

Price elasticity of demand = % change in quantity demanded/% change in price

= 10%/21.43%

= 0.467

= 0.47

Economists can conclude that the demand for the tuna on rye is relatively inelastic.

Thus, the price elasticity of demand is less than 1 (0.47).  The quantity demanded does not change significantly following the price increase.

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Would you be more likely to get solar panels on your home or an electric vehicle because of tax incentives? Why or why not?

Answers

Answer:

I would most likely do solar panels because the addition of a solar energy system to your home doesn't increase the assessed value of your home. As a result, your property taxes don't go up.

Explanation:

Which describes personal finance?(1 point)

Answers

Answer:

so saving money  investing  it buying  house something like that....

Explanation:

What Is Personal Finance? Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning.

Answer: Answer: 1. the ability to understand how to make sound financial choices so you can confidently manage and grow your money

2.the CEO of The Finance Bar

3.the financial management which an individual or a family unit performs

4.your language

5. -a notebook for your homework

-lunch brought from home

Explanation: I took the quick check

Of every 500,000 jobs in the U.S., the approximate number of those through international firms are _____.

Answers

Answer:

90,000

Explanation:

What do individuals and households provide to the government?

Answers

Money we pay taxes and it goes to the government

ndicate which activities of stockton corporation violated the rights of a stockholder who owned one share of common stock Did not allow the stockholder to sell the stock to her brother.unchecked
Rejected the stockholder's request to be put in charge of its retail store.checked
When additional common stock was later issued, the company did not give the shareholder the preemptive right to protect her proportionate interest.unchecked
The company did not provide all stockholders with timely financial reports.unchecked
In liquidation, paid the common shareholder after all creditors were already paid.

Answers

The activity of Stockton Corporation that violated the rights of a stockholder who owned one share of common stock is when the company rejected the stockholder's request to be put in charge of its retail store. This can be seen as an unfair treatment or discrimination towards the stockholder.

One share of common stock is generally entitled to certain rights in a corporation, such as the right to vote on important decisions, receive dividends, and a proportionate share of the corporation's assets if it is liquidated. Some of the activities of Stockton Corporation that violated the rights of a stockholder who owned one share of common stock are described below:1. Did not allow the stockholder to sell the stock to her brother: This is not necessarily a violation of the stockholder's rights because there is no inherent right to sell stock to a particular person. It is up to the company's discretion to approve or reject such a request.

2. Rejected the stockholder's request to be put in charge of its retail store: This is a violation of the stockholder's rights as the company has discriminated against the stockholder on the basis of her status as a shareholder. The stockholder has the right to be considered for positions in the company, and her request should have been evaluated based on her qualifications and experience rather than her ownership of one share of common stock.3. When additional common stock was later issued, the company did not give the shareholder the preemptive right to protect her proportionate interest: This is a violation of the stockholder's rights as it reduces her proportionate interest in the company without her consent. Preemptive rights give existing shareholders the right to purchase new shares in proportion to their existing ownership to prevent dilution. The company should have given the shareholder the opportunity to exercise her preemptive right before issuing new shares.4. The company did not provide all stockholders with timely financial reports: This is a violation of the stockholder's rights as she has the right to receive information about the company's financial performance and operations. Timely financial reports help stockholders make informed decisions about their investment and hold the company accountable. The company should have provided financial reports at regular intervals as required by law.5. In liquidation, paid the common shareholder after all creditors were already paid: This is not necessarily a violation of the stockholder's rights because creditors have priority over shareholders in a liquidation. The stockholder is entitled to a proportionate share of the remaining assets after all creditors have been paid. However, if the company intentionally delayed the liquidation process to reduce the amount paid to the stockholder, it could be considered a violation of her rights. In conclusion, Stockton Corporation violated the stockholder's rights by rejecting her request to be put in charge of its retail store. Other activities such as not providing timely financial reports and not giving preemptive rights are also a violation of a shareholder's rights but did not affect the stockholder's rights in this particular case.

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______ risk is reduced as more securities are added to the portfolio. Multiple select question. Marketwide Diversifiable Unsystematic Company-specific

Answers

Answer:

a. diversifiable b. company-specific d. unsystematic

Explanation:

When Denisha sells the jewelry she makes at craft fairs or on her personal website, she is utilizing a(n) ________ marketing channel\

Answers

Based on the fact that Denisha sells her jewellery on her personal website, then she is making use of:

Direct marketing channel

What is Direct marketing channel?

This refers to the process of selling merchandise to the sellers without the use of intermediaries or middlemen.

With this in mind, we can see that because Denisha sells her jewellery directly to the buyers on her personal website, then she is making use of direct marketing channel,.

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Which of the following are good examples of objectives that a marketing manager might set for advertising?
a. Describe the product in great detail in every advertisement.
b. Emphasize that the product is more innovative than its rivals.
c. Pressure customers to make a decision.
d. Persuade potential customers to try a sample of the product.
e. Promote the company website as a way for customers to learn more about the product.
(multiple)

Answers

Persuade potential clients to attempt a sample of the product. Emphasize that the product is more innovative than its rivals.

Promote the agency website as a way for customers to research more about the product.

What is a Marketing objective?

A announcement of what is to be accomplished through advertising activities.

What is the principal goal of advertising strategies?

The reason of a marketing design is to have a defined path to go to achieve new customers, support relationships with present day clients and clients, extend sales, enhance retention and expand company awareness.

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The activities of the federal reserve board have the most direct influence on.

Answers

Answer:

The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.) 

for the highest degree of independence, the director of internal auditing should report directly to:multiple choicethe controller.the executive vice-president.the audit committee of the board of directors.the chief accountant.

Answers

For the highest degree of independence, the director of internal auditing should report directly to the audit committee of the board of directors. Option B is the correct answer.

Internal audits are used to evaluate the internal controls of a business, including the company's structure governance and accounting practices. These audits support continued timely and accurate financial reporting and data collection while assuring legal and regulatory compliance. To assist management teams, businesses use internal auditors. Internal audits provide management and the board of directors a further benefit by allowing process weaknesses to be found and fixed before external audits. Option B is the correct answer.

The board of directors or higher management may prepare the internal audit depending on the organizational structure. Technically, an internal audit does not need to include a monitoring phase. The board or management may opt to ignore the recommendations made in the audit report and not carry them out.

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The complete question is, "For the highest degree of independence the director of internal auditing should report directly to:

A. The controller.

B. The audit committee of the board of directors.

C. The executive vice-president.

D. The chief accountant."

when smart investors take a practical approach to evaluating a company's accounting information, they need only look at the snapshot data that a balance sheet offers as it will be the primary tool to guide potentially profitable investments.
O TRUE
O FALSE

Answers

When smart investors take a practical approach to evaluating a company's accounting information, they need only look at the snapshot data that a balance sheet offers as it will be the primary tool to guide potentially profitable investments is FALSE

While the balance sheet provides valuable information about a company's financial position at a specific point in time, it is not the only tool needed for evaluating a company's accounting information for potentially profitable investments. The balance sheet presents a snapshot of the company's assets, liabilities, and shareholders' equity at a given date, but it does not provide a comprehensive view of the company's performance, profitability, or future prospects.

To make informed investment decisions, smart investors consider a range of financial statements and other factors. They typically analyze the income statement to assess the company's revenue, expenses, and profitability over a period of time. They also review the statement of cash flows to understand the company's cash inflows and outflows, which is crucial for assessing its liquidity and ability to generate cash.

Additionally, investors may consider other factors such as industry trends, competitive landscape, management quality, growth prospects, and macroeconomic conditions. Conducting thorough financial analysis and due diligence involves examining multiple sources of information, including financial statements, industry reports, news, and other relevant data.

While the balance sheet is an important component of a company's financial information, it is not sufficient on its own for evaluating accounting information and making profitable investment decisions. Smart investors take a comprehensive approach, considering multiple financial statements and other relevant factors to assess a company's financial health and potential for investment success.

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If a student identifies "family doesn't have enough money for college" as a barrier to her long-term education goal, which of the following is not a sensible solution?
1. Change long-term career goal to a field that doesn't require college.
2. Research student loans and other grants online
3. Contact the college about scholarship opportunities.
4. Consult a recruiter about ROTC programs or the G.I. Bill.

Answers

Answer:

A.

Explanation:

If a student is facing financial issues for college fees he/she should not be discouraged as the federal government has reformed several financial aids.

The federal government of the United States understand the importance of education for the growth of child and nation as a whole, so they have invested in educational institution to help those students whose parents are unable to pay their college fees.

The unwise idea in such situation is to change long-term career goal. The student should not do this. Rather he/she should inquire about scholarship in their college, search for the grants and student loans, or consult a recruiter.

Therefore, option A is the correct answer.

one part of a cooperations income is paid out to shareholders it is called a ______.​

Answers

Answer:

dwadaddaddadawdawdwa

Explanation:

awdawdadawdawdawdaw

Answer:

cash dividend

Explanation:

In a manufacturing company , the budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories . ( enter only one word per blank )

Answers

In a manufacturing company , the direct materials budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.

Components that go into a manufactured good are known as direct materials. For instance, the direct materials used in the creation of a smartphone are the screen, integrated circuits, camera modules, and buttons. Direct material refers to the tangible components that make up a production. For instance, water are direct materials for a baker. Cost accounting uses the direct materials concept to categorize this cost independently for various forms of financial analysis.

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FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit

Answers

Answer:

It is letter B

Explanation:

Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.

What is the budget?

A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.

Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.

Therefore, option B is the correct option.

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Understand common errors made in preparing performance reports based on budgets and actual results.

Answers

One of the common errors in preparing performance reports is to implicitly assume that all costs are fixed.

An overall performance report is a record of the performance of something. They are robotically produced by authorities in our bodies which, being financed via public cash, are required to expose that the cash was spent effectively and usefully

A budget is a calculation plan, commonly but not always monetary, for a defined period, often one year or a month.

The actual result is the end result that the tester gets while performing a test case. It may coincide with the expected end result or not. Whilst the real end result does not coincide with the expected result the trojan horse is found.

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which of the following are functions of gateway email spam filters? (select two.) answer helps enforce an organization's internet usage policy blocks phishing attempts, which try to access confidential information blocks email from specific senders blocks users from visiting websites with malicious content filters messages containing specific content .The New York Stock Exchange (NYSE) is the largest capital market in the world. Because of its size the NYSE is continually evaluated to determine whether the data are able to be used for statistical a why would akhenaten's change in the religion create change in the visual arts? group of answer choices akhenaten decreed art to be created by priests of aten only. the gods were no longer seen as perfect, so the subjects of art could also be imperfect. artists were no longer constrained to portraying aten. akhenaten declared artists to be dissidents, so they sought revenge through art. What is a horizontal merger? Give a local business example. Select the correct answer.The graph of function f is shown.The graph of an exponential function passes through (minus 10, minus 1), (2, 8) also intercepts the x-axis at minus 2 units and y-axis at 2 unitsFunction g is represented by the table.x -2 -1 0 1 2g(x) -2/3 0 2 8 26Which statement correctly compares the two functions? A. They have the same x-intercept and the same end behavior as x approaches . B. They have the same y-intercept and the same end behavior as x approaches . C. They have the same x- and y-intercepts. D. 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Assume that the list will always contain fewer than 20 integers. Ex: If the input is: 5 50 60 140 200 75 100 the output is: 50,60,75, The 5 indicates that there are five integers in the list, namely 50, 60, 140, 200, and 75. The 100 indicates that the program should output all integers less than or equal to 100, so the program outputs 50, 60, and 75. For coding simplicity, follow every output value by a comma, including the last one. 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