Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.

Answers

Answer 1

Answer:

Revenue Principle and Cost Principle

Explanation:

Revenue principle  defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.

Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.

Answer 2

Answer:

Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.

Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.


Related Questions

Use the following information to calculate Diana's liabilities:

Savings account: $2,500.00
Checking account: $400.00
Car value: $5,000.00
Personal property value: $5,500.00
Loan for vacation: $2,000.00
Loan from grandparents: $250.00

Answers

Answer:

=$2,250

Explanation:

Liabilities are what we owe to others. They include debts, loans, mortgages that we have borrowed from friends, banks, or other lenders.

From the list provided, Diana's liabilities are

1.Loan for vacation: $2,000.00

      2.Loan from grandparents: $250.00

Total liabilities= $2000+ $250 = $2,250

write any five points to be considered while selecting an occupation​

Answers

Answer:

Here are the top five things that you should consider when choosing a new education or career path.

Your Happiness. It may sound cliché, but the number one thing that you should consider when choosing a career is your happiness. ...Marketability. ...Social Environment. ...Your Work Style. ...Your Priorities.

Five points that one should considering in selecting an occupation are Personal Interests, Strengths, Required Education and Training, Career Marketability, and Personal Values.

One's Personal Interests must be considered as the foremost factor when choosing an occupation.  This simply means that the occupation or career should align with the person's interests.  For example, if you are interested in caring for others, you can consider a career in nursing.

Strengths: These include the person's natural talents, acquired skills, and developed abilities.  Aligning an occupation with your natural strengths make way for career success and happiness.

Every occupation requires some level of education or training to carry out the job according to specified performance criteria.  The person choosing an occupation should discover the educational or training requirements before engaging in it.

Other factors to consider are personal value system and the marketability of the chosen occupation.  If your choice of occupation is not required in the market, it does not create any value for the person.  Alignment of personal value to one's occupation is also important.  For example, if you do not support abortion, it will be wrong working in Planned Parenthood International.

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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE


Sarah, realizes she has a passion for finance. She specifically would like to study how personal behavior impacts our finances and the entire society. What career choice would BEST fit Sarah’s desire to study financial decisions and how we make them?




economist




math teacher




stock broker

Answers

It would be an economist. Economists conducts research, collect and analyze data, and monitor economic trends. Therefore they technically study how personal behavior impacts our finances and the entire society.

Answer:

economist

Explanation:

answered "I am 27 years old and have just finished law school and passed the state bar examination. Now I am ready to begin my new career as a lawyer. I am not interested in a job with a big firm. I’d like to be more on my own. I have two friends who are in similar situations. But it takes money to start a law practice. A modern law firm needs a lot of business machines—computers, copiers, fax machines, and so on. Even in a small firm the lawyers might need to hire some helpers—a receptionist, maybe a paralegal worker. I want this firm to be a success, but I am not sure I have all the legal and business skills I need to pull it off." What type of business do you recommend?

Answers

Answer: I THINK YOU SHOULD DO WHAT YOU REALLY WANT

Explanation:

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods:

Answers

Answer:

178 and 186

Regulation= 1,645

Tradable permits= 745

Elimination of pollution will be LESS costly

Explanation:

Calculation to Determine the total cost of eliminating six units of pollution using both methods

Computation for Method 1

REGULATION

Firm X = 95+120 = 215

Firm Y= 450+800 = 1,250

Firm Z= 80+100 = 180

Computation for Method 2

TRADABLE PERMITS

The prices at which firm Z willing to sell one of its permits to firm Y, but firm X is not will be :

178 and 186

Firm Initial permit Action Final Amount Cost of reduction

X 2 Sell 1 permit 3 95+120+200 = 415

Y 2 Buy 2 permit 0 0

Z 2 Sell 1 permit 3 80+100+150 = 330

REGULATION vs TRADABLE PERMITS

Regulation= 215+1250+180

Regulation= 1,645

Tradable permits = 415+330

Tradable permits= 745

Based on the above calculation for both regulation and tradable permits we can come to conclusion that elimination of pollution will be LESS costly to the society in a situation where the government distributes tradable permits because tradable permits is cheaper than regulation.

Emissions trading is a market-based strategy to pollution control that creates financial incentives for polluters to reduce their emissions.

178 and 186

Regulation= 1,645

Tradable permits= 745

Elimination of pollution will be LESS costly

Calculation to Determine the total cost of eliminating six units of pollution using both methods:-

Computation for Method 1

REGULATION:-

Firm X = 95+120 = 215

Firm Y= 450+800 = 1,250

Firm Z= 80+100 = 180

Computation for Method 2

TRADABLE PERMITS:-

The prices at which firm Z willing to sell one of its permits to firm Y, but firm X is not will be :

178 and 186

Firm Initial permit Action Final Amount Cost of reduction

X 2 Sell 1 permit 3 95+120+200 = 415

Y 2 Buy 2 permit 0 0

Z 2 Sell 1 permit 3 80+100+150 = 330

REGULATION vs TRADABLE PERMITS

Regulation= 215+1250+180

Regulation= 1,645

Tradable permits = 415+330

Tradable permits= 745

Based on the above calculation for both regulation and tradable permits we can come to conclusion that elimination of pollution will be LESS costly to the society in a situation where the government distributes tradable permits because tradable permits is cheaper than regulation.

To know more about these methods, refer to the link:

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Sports and entertainment products are non-perishable.

Answers

No that is false. Because sports and entertainment usually are short lived while they are being performed they are considered perishable.


Choose the answer.
This is one of the few languages that is accepted and supported by all major
browsers without the need for plug-ins or compilers. Choose the answer
A. PHP
B. CSS
C. JavaScript

Answers

C. Java script

I think srry if im wrong

Which of the following statements is a strong reason for giving credit to sources of data in a formal business doccument

Answers

Answer:

It shows you have done solid research to back up your conclusions.

Multiple choice options for this question are as follows:  online source

A). It shows you have done solid research to back up your conclusions.

B). Readers of a business document do not pay attention to sources

C). Giving credit is easier than treating others' ideas as your own

D). It is a requirement of MLA and APA styles

Explanation:

Giving credit to your sources is a phrase that refers to Referencing or citing the source of your information. It is important to the reader or user of the document because they can always go back and verify the data's accuracy. Referencing also leaves a trail that can be used to see the views and opinions of other business people or researchers .

Giving credit to your sources in a formal business document shows you took the time to research the subject matter. It gives the impression that you can relate your ideas to the views of other professionals in the industry.

Answer:

A). It shows you have done solid research to back up your conclusions

Explanation:

Mr. Alex is the marketing manager of the company and he wants to implement a new way to promote the products in the market but his senior manager did not permit him and forced him to work strictly in accordance with the plan. Which limitation of planning is highlighted in this case

Answers

Answer: Planning reduces creativity

Explanation:

Under Planning reduces creativity, all team menbers are instructed or directed to work within the frame given by the management to them, working outside the frame of what was issued would go against the directives of the organization. This type of limitation of planning limits creativity, because members won't be able to introduce ideas to advance the growth of the team.

An accounting firm that prepares taxes for an advertising agency operates in the
market.
A. consumer-to-business
B. business-to-consumer
C. business-to-business
D. consumer-to-consumer

Answers

C. Business to business

next, state the topic you selected, why you selected it, and how you narrowed the topic to a specific issue after conducting research

Answers

Hey guys, there were too many words to fit in here but I provided a link to the answers :).

Hello!!

I recently completed this activity and was asking the same question!

I got help from the another brainly user ( rcurrin2005 )that answered this question (thank you so much, btw!!) and created a PDF with his answers and I thought I would too!

Now remember, do not plagiarise! I hope it helps! Have a great day and good luck!

You observe two locations, both restaurants you own. Location A has 450 passersby between 11:00 a.m. & 2:00 p.m. and 9.1% enter your restaurant as customers. Location B has 600 passersby between 11:00 a.m. and 2:00 p.m. and 6.5% enter. Which location has the higher number entering your restaurant?

Answers

9.1% of 450 is 40.95, 6.5% of 600 is 39. Therefore, Location A has the higher number entering your restaurant.

PLEASE HELP I'VE BEEN TRYING TO FIGURE THIS OUT FOREVER Select the correct answer. According to TARP, on average, what percentage of unhappy customers leave without complaining?
A. 10 percent
B. 25 percent
c. 95 percent
d.50 percent​

Answers

The answer is 95%.

The percentage is 95%, it is actually 96% but 95 is the closest answer.

Answer:

c.) 95 percent

Explanation:

took on edmentum is correct

What are some typical roles filled by the construction manager? (Select all that apply.)

responding to emergencies
designing exterior spaces
preparing budgets
conducting structural calculations
establishing a project timetable

Answers

Answer:

Construction managers typically do the following:

1. Prepare cost estimates, budgets, and work timetables.

2. Interpret and explain contracts and technical information to other   professionals.

3. Report work progress and budget matters to clients.

4. Collaborate with architects, engineers, and other construction specialists.

Explanation:

The answer is responding to emergencies and conducting structural calculations and establishing a project timetable.

Differentiate organizing from organization

Answers

Explanation:

Organizing comes from the word organize which means to arrange for something to happen or to be provided

Organization is a group of people who form a business together in order to achieve a particular aim or goal

which of the following factors are likely to strengthen a diverse family?
1. Family using their gadgets during breakfast
2. Family playing in the park
3. Mother busy on her laptop ignoring her daughter
4. Farther explaining family traditions to son

Answers

Family playing in the park :)

Answer:

Explanation:

For all Plato users

Which sentence indicates that Rudolph is following a market skimming pricing policy?
Rudolph launched his brand of high-end audio speakers called Rudebox. He introduced his first line of products at $40,000. He plans to periodically bring down the price. Very soon he will launch the second edition of Rudebox, which would be of a lower price range, and designed for the masses.

Answers

Answer:

Very soon he will launch the second edition of Rudebox, which would be of a lower price range, and designed for the masses.

Explanation:

Market skimming pricing policy, or price skimming is the pricing strategy that is used by business owners to make the initial price of a product high and then reduce it subsequently so more people can be able to afford it.

The sentence that shows that Rudolph is following a market skimming price policy is his decision to reduce the price of his Rudebox in a second edition which is designed for the masses.

Answer:

He plans to periodically bring down the price

Explanation:

A trait is quality of your own character. True or false

Answers

True. Traits are similar to characteristics of a character

Answer:

True

Explanation:

A trait defines who you are

Why could the invention of new technology lead to new business ideas?

Answers

ANSWER: Another reason why entrepreneurs come up with new business ideas is that consumers' wants and needs also move on over time. As you saw in the Deliveroo case study, changes in lifestyle and technology have an impact on what consumers want, and entrepreneurs create businesses to satisfy these new demands.

If a country is taking action to increase its overall productivity and make sure
its businesses are successful, it is pursuing which economic goal?
A. Per capita improvement
B. Economic growth
C. Full employment
ОО
D. Stable prices
SUBT

Answers

Answer: It is B

Sorry its a bit late though

Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation.  Hence option B is correct .

What is Economic growth ?

Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP. In order to remove the inflationary distortion on the prices of produced items, growth is typically calculated in real terms, or terms adjusted for inflation.

Economic growth is measured using national income accounting.  Economic growth has both the benefits and disadvantages of GDP growth because it is calculated as the yearly percent change.

The ratio of GDP to population is a typical metric used to compare the economic growth rates of different nations (per-capita income).

'Rate of Economic growth is the term used to describe the yearly geometric growth in GDP from the first to the last year over a period of time.

Without taking into account any variations in the GDP around this trend, this growth rate indicates the trend in the average level of GDP across the time period.

Learn more about Economic growth here

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POINT GIVEAWAY for another one answer with your favorite Tv series or movie

Answers

Answer:

The Office!

Explanation:

It's funny and so good.

Answer:

Dear comrade.....

is one of the best movie of the world....Hindi movie...

Thank you ☺️

I don't love you anymore
A pretty line that I adore
Five words that I've heard before
'Cause you keep me on a rope
And tied a noose around my throat
You're gone, then back at my door
'Cause if you're gonna leave
Better leave, better do it fast
Can't live a little longer
Sitting on your lap
'Cause you know what you're doing
When you're coming back
And I don't want to have
Another heart attack
Oh, I can't be
Your lover on a leash
Every other week
When you please
Oh, I can't be
The kiss that you don't need
The lie between your teeth
The cut that always bleeds
The cut that always bleeds
Say you love somebody new
And beat my heart, to black and blue
Then they leave, and it's me
You come back to
To say you loved me all along
And kissed the bruises 'til they're gone
Bittersweet, 'cause I can't breathe
Inside your arms
'Cause if you're gonna leave
Better leave, better do it fast
Can't live another minute
Bleeding from my back
'Cause I don't have another one
For you to stab
And I don't want to have
Another heart attack
Oh I can't be
Your lover on a leash
Every other week
When you please
Oh, I can't be
The kiss that you don't need
The lie between your teeth
The cut that always bleeds
The cut that always bleeds
But even though you're killing me
I, I need you like the air I breathe
I need, I need you more than me
I need you more than anything
Please, please
'Cause I could be
Your lover on a leash
Every other week
When you please
Oh, I could be
Anything you need
As long as you don't leave
The cut that always

Answers

Answer:

thats deep

Explanation:

Answer:

Explanation:Nym7ung

Tvhgffhjhg

Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6600 pounds, although the standard quantity allowed for the output was 5200 pounds.

Answers

Answer:

The appropriate solution will be "$1320".

Explanation:

The given values are:

Material's actual quantity

= $6600

Standard price

= $2.00

Actual price

= $2.20

Now,

The material price variance will be:

= Actual quantity (Standard price - Actual price)

On substituting the values, we get

= [tex]6600(2.00-2.20)[/tex]

= [tex]6600\times (-0.20)[/tex]  

= [tex]1320[/tex] ($)

_____ was withheld specifically for the tax that is used to pay for a healthcare program.
_____ was withheld for the payroll tax that specifically supports retired and disabled citizens.
_____ If this individual made more money, the amount withheld for Social Security would

Answers

Answer: First : 612.65$

second :   2567.45$

Third : Increase

Explanation: i did this by self its surity

Answer:

Answers

First Sentence: $612.65

Second Sentence: $2567.45

Third Sentence: Increase

Explanation:

Edgen 2020

Identify a circumstance outside the economy that can cause unemployment.

A. The United States hosts the Olympic Games

B. A hurricane damages the Gulf Coast

O

C. A new museum opens in the city of Dallas

O

D. The northeast experiences a summer heat wave

Answers

Answer:

B. A hurricane damages the Gulf Coast

Explanation:

If a hurricane occurs, it would destroy businesses and this can cause unemployment.

If the United States hosts the Olympic Games  and if a new museum opens in the city of Dallas, employment would increase

X works with the company Y. After ten (10) years of working with the said company, he was dismissed. He files an illegal dismissed case. The Labor Arbiter required him to prove his allegation of illegal dismissed with substantial evidence. Failure to do so, the Labor Arbiter said he would dismiss the case. Is the Labor Arbiter correct? Why or why not?

Answers

Answer: Yes, he is correct

Explanation:

Considering law cases or any case that has to do with charging someone or an organization, it is always vital to have an evidence of proof to give or show to the law court when making your allegations against the company, failure to do so would mean you're not correct about what you're saying if though you might be right.

The Labor Arbiter is correct because the client has failed to give evidence to prove his/her allegation.

Reka Rahim is employed at Damon's Deli. She has family medical coverage through the company's group medical plan. The annual cost of Reka's family coverage is $12,800. The company pays 80% of the cost. How much is deducted from her biweekly paycheck for medical insurance?

Answers

Answer:

$98.46 per biweekly payment

Explanation:

the total cost of Reka's health insurance = $12,800

her employer pays = $12,800 x 805 = $10,240

Reka must pay = $12,800 - $10,240 = $2,560

there are 52 weeks in a year, so Reka receives 52 / 2 = 26 biweekly payments

amount deducted per biweekly payment = $2,560 / 26 = $98.46

Which job titles both require a
car?
Pizza Delivery Person
and Cashier
IT Supervisor and
Pharmaceutical
Salesperson
AL501
Pharmaceutical
Salesperson and Pizza
Delivery Person
Web Designer and IT
Supervisor
Elf
Which job titles both require a car?

Answers

Answer:

sales person and delivery person

Pharmaceutical Salesperson and Pizza Delivery Person are the two job titles that require a car or vehicle for completion of the tasks. Therefore, the option C holds true.

What is the significance of a job title?

A job title can be referred to or considered as the designation given to an employee or a worker for the job or task that he or she performs while being employed or on a contractual basis. A job title is always in direct relation with the job description and requirements of the job.

The jobs of both a salesperson, and a pizza delivery person, are such that they need a car or vehicle of any kind in order to carry out the tasks of their job in an efficient way.

Therefore, the option C holds true and states regarding the significance of a job title.

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Money market is essentially a market for short term funds. Discuss

Answers

Answer:

ok so a money market is like say you want to start a business, you have to invest in your business to start getting money back  

Explanation:

so say Sarah wanted to start a bracelet business she has to buy the things for it and buy flyers and things to start earning customers to get money back :)

hope this helps I'm only in 10th grade so this was hard to explain

Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 126 widgets per hour. Everyone on your team recognizes more efficient production will lead to more profit for the company, and a higher chance for a raise for each of them. As usual, you will hold a brief meeting explaining the new directive and provide the deadline as to when this new daily production goal must be met with regularity. The meeting ends after a couple of clarifying questions and answers, and you and your employees get back to work on meeting the deadline for the new goal. What management theory best describes the management style of this company? What leadership style will you employ to get the required increase in production of widgets your company requested? Why is this leadership style the best fit for this scenario?

Answers

Answer:

Participative Leadership style.

Explanation:

Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.

This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.

The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.

Other Questions
The CEO of Jaquar Consultancy Corp. informs Amy's supervisor that she has performed extremely well in her last project. Amy's supervisor sends an e-mail to the entire team about the good review received from the CEO. Jaquar is known for its regular performance-driven incentives that it awards to employees performing exceptionally well. This implies that Jaquar Consultancy Corp. operates by implementing: a. internal marketing. b. empathy marketing. c.customer profiling. d. benchmarking. Cultural context is ____________________. a. the emphasis cultures place on eye contact b. the relative emphasis cultures place on nonverbal communication c. the emphasis cultures place on written verbal communication d. the emphasis cultures place on learning about other cultures Please select the best answer from the choices provided A B C D Help pls and thank you Ill give you a like 2) If 20 workers can build a house in 45 days, how many more workers are neededto complete it in 30 days?6B1510D18 What does the post-reading phase involve?A. MemorizationB. HighlightingC. SummarizingD. Planning The equation y=1/9x relates proportional quantities x and y.What is the value of x when y is 4? paula hurried. stationn A into B Asif C to the D as through 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.) Grand Lips produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. No lip balm was in process on May 31, and Grand started production on 20,500 lip balm tubes during June. Direct materials are added at the beginning of the process, but conversion costs are incurred evenly throughout the process. Completed production for June totaled 15,300 units. The June 30 work in process was 30% of the way through the production process. Direct materials costing $4,305 were placed in production during June, and direct labor of $3,320 and manufacturing overhead of $1,738 were assigned to the process.Required: a. Draw a time line for Great Lips. b. use the time line to help you compute the total equivalent units and the cost per equivalent unit for June. c. Assign total costs to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30. d. Prepare a T-account for Work in Process Inventory to show activity during June, including the June 30 balance. what was the most significant invention during the Renaissance and why? does breast cancer occur in women? what are the signs and symptoms ?actually anatomy & physiology own words pls i need it now What is the area of triangle below? 5. Do this without using a calculatorCalculate 39 63 + 39 37A. 3,510. B. 3,900. C. 4,290. D. 97,812 What was one important feature of Louis Sullivan's skyscrapers? BRAINLIST FOR CORRECT ANSWER.A. His buildings rejected the idea that the individual is importantB. He tried to copy European stylesC. His buildings had a uniquely American lookD. He built skyscrapers that focused more on design and less on comfort Help help help help please What is the relationship between the success of miners and the location in which the gold-rush took place?A Because of guidebooks and outfitters, it was easy to get to the gold-fields but there was not enough gold for everyone who arrived.B The Yukon was difficult to find, so almost no one was able to get there alive and there were not enough people to mine the gold.C Because the Yukon was cold, dangerous, and remote, mining there was difficult and unsuccessful.D Mining was successful because there was plenty of gold to go around for those who survived the journey to the Yukon. Which tool is used to track which organisms are carriers of a specific trait through several generations? (3 points)MicroscopeFlowchartPedigree chartPunnett square Siguiendo la ley de los signos qu signo obtenemos al multiplicar dos signos iguales?Suma?Menos?Positivo?Negativo? Help me pls Ill give brainliest to whoever can answer and explain the best Which equation has no solutions?1. 2(x + 3) = 3(2x + 2) 2. -x + 3 + 5x = 4x + 33. 2(2x 10) + 32 = 4(x+3)4. 3(5x + 4) 20 = 15x -4