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

Shirine has been debating between two career pathways in finance. She creates a Venn diagram to compare the two careers. In a Venn diagram, the separate circles contain characteristics unique to each item being compared and the intersection contains characteristics that are common to both items being compared. This is the Venn diagram that Shirine creates: A Venn diagram. Title 1 has Sets up and oversees customer accounts; Analyzes how much to grant in loans; Possible Careers: Teller, Loan Officer, Credit Checker. Title 2 has Analyzes how to grow customers' money; Deals with securities and commodities; Possible Careers: Personal Finance Advisor, Treasurer, Risk Management Analyst. The area of overlap has Deals with money, Works with customers. Which accurately labels the titles in Shirine’s diagram? Title 1 should be Investment Career Pathway, and Title 2 should be Banking Career Pathway Title 1 should be Banking Career Pathway, and Title 2 should be Investment Career Pathway Title 1 should be Banking Career Pathway, and Title 2 should be Financial Management Career Pathway Title 1 should be Financial Management Career Pathway, and Title 2 should be Investment Career Pathway

Answers

Answer:

d

Explanation:

Answer:

Its C

I hope it is C

Explanation:

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

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.

Learn more about occupation here: https://brainly.com/question/24366256 and https://brainly.com/question/24356710

rship
If two or more people own a business equally, it is called a
O corporation
O sole proprietorship
O partnership
O limited liability company

Answers

Answer:

Partnership

Explanation:

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.

Partnetship it’s when two or more people own a business

According to the video, which activities are Executive Secretaries and Administrative Assistants likely to do? Check all that apply. Supervise office staff, prepare presentations, conduct research, create a budget, file paperwork, greet visitors

Answers

Answer: supervise office staff

Prepare presentations

Conduct research

Explanation:

Answer:

Answer: supervise office staff

Prepare presentations

Conduct research

Explanation:

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.

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Amanda is 20-years-old and looking to invest $1000. She has always played it safe with very low-risk investments, but now she is ready to take a bigger risk to see if she can earn a bigger return on her investment. She is comfortable having this money tied up for several years, but she would like to withdraw the money sometime in the next 5 to 10 years. Which type of investment will BEST fit Amanda’s needs?


money market mutual fund


certificate of deposit


bond

Answers

A, money market mutual fund
For sure

Money market mutual fund,is the  type of investment will BEST fit Amanda’s needs.

What is meant by Money market mutual fund?

A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries).Money market funds invest in highly liquid securities like cash, cash equivalents, and high-rated debt-based securities. Because they only invest in highly rated securities, money market funds offer a high degree of safety. Money market funds also offer investors higher yields than traditional savings accounts.

Money market mutual fund,is the  type of investment will BEST fit Amanda’s needs.

To learn more about Money market mutual fund refer:https://brainly.com/question/16678408

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Which of the following is NOT apart of the international business environment.

A. Geography
B. Economics
C. Debt Owed
D. Culture

Answers

Is it d the culture

The local recycling center sends a truck to the
school once a month to collect the paper that
was recycled. Each month, the truck picks up
642.3 pounds of paper. How much would the
truck pick up after 3 months?

Answers

Answer:

1,926.90 pounds

Explanation:

In one month, the trucks collect 642.3 pounds of paper.

After three months, the trucks will have collected.

=642.3 pounds multiplied by three months

=642.3 x 3

= 1,926.90 pounds                

What is the meaning of business opportunity

Answers

Answer:

A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. ... This is different from the sale of an independent business, in which there is no continued relationship required by the seller.

hope this help you!! ;)))

Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured

Answers

Answer:

A. Passionate

Explanation:

Hope this helps

Answer: independence

Explanation:

One of the FBLA-PBL's goals is creating more interest in and understanding of
American business______
A. services
B. products
C. enterprise
D. mentorships

Answers

Answer:

C. enterprise

Explanation:

It says on its website where you click on their about page and scroll down to their goals.

Answer:

enterprise

Explanation:

FBLA-PBL is a non-profit organizations that was created to provide help for students who wanted to transition from their school life to the business world.

FBLA focused their operation to help students middle school-high school while PBL focused their operation to help students in College.

This organization taught the students with a couple of knowledge from Industry's expert about how to run and operate a businesses. They teach the students about things such as:

- a list of knowledge or expertise that will be seen as a valuable skill in a certain industry,

-  what to expect when they're interacting with their customers and employers,

- how to deal with investors,

-  etc.

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

how many ig followers do i have alexamaldonadoo go quick ill give brainliest

Answers

1,244 but ima follow so 1,245

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.

The best way to convince employers of your skills and abilities is to _____. A. Provide a written list, such as in your resume b. Offer proof by example in answering interview questions c. Have the employer contact your references d. None of the above

Answers

Answer: B

Explanation: I just took the quiz

The best way to convince employers of your skills and abilities is to offer proof by example in answering interview questions.

What to say when an employer asks about skills?

You can answer this question in two parts. First, explain what the attribute is and how you have demonstrated it in the past (or how you currently demonstrate it in your workplace). Then, explain why that skill makes you uniquely qualified to work for the company.

How do you convince your employer you are suitable for work?

Make a Good 1st Impression. First impressions are extremely important. Eliminate “Risky Business” Hiring managers don't want to hire risky candidates. Practice Your Interview Skills (Seriously) Offer SOLID References. Be a Solution.

Learn more about the interview here https://brainly.com/question/8846894

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Why does a business often reach a point at which adding more resources does not increase productivity or profits at the same rate it used to? (diminishing returns, stages of production)

Answers

Answer:

diminishing returns

Explanation:

Diminishing returns are based on the economic concepts founded on the law of diminishing marginal returns. This law provides that after some optimal production level is achieved, the continuous addition of input will lead to a decreased output rate.

Diminishing returns is when productivity increases at a decreasing rate as more input are used while holding other factors constant. Once productivity arising from an input hits its peak, additional employment of that resource will result in a decreased or negative productivity.  For example, if input labor is added to a factory, new workers will improve productivity until the factory reaches its maximum capacity. Hiring more workers after the factor hits its peak will result in a decline in labor productivity.

Match the definitions to the relevant economic indicators. Gross Domestic Product (GDP) nominal GDP Gross National Product (GNP) real GDP measure of economic output adjusted to inflation or deflation arrowRight measure of economic output before adjusting for inflation arrowRight measure of a country's economic output produced all over the world arrowRight measure of a country's output, income and expenses arrowRight

Answers

Answer:

Real GDP - measure of economic output adjusted to inflation or deflation

Nominal GDP -  measure of economic output before adjusting for inflation

Gross National Product - right measure of a country's economic output produced all over the world

GDP - Right measure of a country's output, income and expenses

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Answer:    

Explanation:

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

What is one statement that economists would say is INCORRECT?




Society’s resources are limited.




People usually put their own interests as their first priority.




The stock market only affects people who invest in it.

Answers

Answer:

Society’s resources are limited.

Explanation:

i think????

my dad is an invester in the stock market so im  just tryna think what he would say      

Answer:  D. The stock market only affects people who invest in it.

Explanation:

Just took a quiz, "The stock market only affects people who invest in it" that's the correct answer, good luck ;)

HELP PLZ WILL GIVE BRAINLIEST. Click this link to view O*NET’s Tasks section for Human Resources Managers. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Human Resources Managers? Check all that apply.

Answers

Answer:

the awnser to this question is A C D F i promise these are right i had the same question

Explanation:

mark brainliest pls

Answer:
it is A, C, D, F
Explanation:
I just answered it

Which is a requirement for an acceptance?

mirror image of offer
intent to contract
communicated
all of the above

Answers

All of the above

The offer must be mirrored, the first party must have an intent to contract, and that intent must be communicated for the second party to know, for sure, that a specific contract is agreed upon for acceptance.

Please mark as Brainliest if you found this helpful.

The answer above is correct my dude

What is the value in customizing a cover letter? What do you think are the most valuable
three thing to customize? Why?

Answers

Answer:

The person hiring will see you actually care and your not just doing it for the money, it will also show some professionalism the three most important things to personalize is why you would be a good addition, your experience and how its helped you grow and how you would like to see yourself grow in their company

Explanation:

How do supply and demand help determine the price of a product?

Answers

Answer:

if supply is low but demand is high the price will go up due to limited supply however if demand is low and supply is high the price will be lower because there is a surplus of supplies and not very many people buying it  

Explanation:

Answer:

By creating a balance between buyers who want low prices and sellers who want high prices

Explanation:

HELP PLEASE. PLEAASEEEE

WHICH OF THE FOLLOWING IS A TOTAL COST OF BUYING OR PRODUCING THE FIRM’S GOODS OR SERVICES.
A GROSS EXPENSE
B OPERATING EXPENSE
C NET EXPENSE
D COST OF GOODS SOLD

Answers

Answer:

COGS

Explanation:

Answer:

Answer is cost of goods sold

Hannah works in a factory that makes hearing aids. She is part of a team that designs how the electrical components are put together and encased. What kind of education or experience most likely prepared Hannah to qualify for this position?

A. an apprenticeship with another hearing aid maker

B. a bachelor's degree in electrical engineering

C. an internship at a hearing screening clinic

D. a doctorate in medicine​

Answers

I think it’s b because of electrical components

Answer

A Bachelor's Degree in electrical engineering.

Explanation:

She needs the knowledge of how to setup a hearing aid and they have electrical parts. So she is going to need that Bachelors Degree.

Karl’s Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl’s is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of t

Answers

The full question is:

Karl's Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl's is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of these requests, Karl has entered into negotiations with three providers of high-quality rock climbing shoes and gear. What do Karl's activities show about his marketing for Karl's Sporting Goods?

Answer:

He has a marketing concept and is acting on it.

Explanation:

A marketing concept is the way by which businesses identify the needs of customers and come up with strategic ways of meeting those needs better than competing firms.

Different marketing concepts include: production concept, product concept, selling concept, marketing concept, and the societal marketing concept.

In the given scenario Karl's sporting goods only catered for fly fishers but as demand for other items increased they branched into other outdoor sport items.

He is stocking gear for swimming, rock climbing, and mountain bikers through partnership with suppliers even if they are not his primary market.

This is acting on marketing concept to be able to meet demand for the other outdoor sporting activities he does not normally supply

Which of the following would most likely cause a decrease in the quantity supplied?
An increase in competition
An increase in price
A decrease in price
A decrease in competition.

Answers

An increase of price would be the only reasonable answer.

Which best compares and contrasts the teaching and training careers and the professional support careers?

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

B) Both careers help students learn; however, teaching and training careers are involved in running the school.

C) Both careers are increasing the number of available jobs; however, professional support career earns less money.

D) Both careers have support careers; however, professional support careers assist in the classroom.

Answers

Answer:

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

Explanation:

Professional support careers help people involved in education and training systems with personal and family needs,  educational goals, mental health assistance, and career decision-making. They provide support and encouragement to students undergoing challenging experiences. Professional support career titles include counselors and Psychologists, among others.

Teachers and trainers offer instructions to students in the class or other conducive places. They help students complete their syllabus, learn intended materials, acquire knowledge, and pass their examinations.

Answer: ITS A

Explanation:CORRECT ON EDGE 2020

Soft skills 2 sentences that will help

Answers

Answer:

Include the terms most closely related to the job in your resume, especially in the description of your work history. Highlight Skills in Your Cover Letter: You can incorporate soft skills into your cover letter. Include one or two of the skills mentioned here, and give specific examples of instances when you demonstrated these traits at work

Explanation:

Businesses play a role in the circular flow of goods by:

A. Offering natural resources to manufacturing firms
B. Providing labor to resources markets.
C. Creating goods that households want to buy
D. Directly selling products to consumers

Answers

Answer:

C. Creating goods that households want to buy

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The main purpose of supply chain management is to provide collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Hence, businesses play a role in the circular flow of goods by creating goods that households want to buy. These goods are produced to meet the needs or wants of customers (households) and as such making them willing to buy it.

Answer:

Turning resources into products for sale

Explanation:

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A rectangle has a length of 2 meters an a width of 40 centimeters. What is the perimeter in meters An apple juice company produced 8.3 billion individual-size bottles of apple juice last year. If each bottle contains 355 milliliters of juice, how many milliliters of apple juice did the company produce? If y is directly proportional to x. if y = 30 when x = -5, what is the value of y when x = 3? Given the relation y = 4x2 8, if the input is 2, what is the output If a person wants to work from home in the Business, Management and Administrative careers, what is required?a cubicle to keep the person on taska private office to protect confidential informationproper technology to keep the person connectedproper travel arrangements to meet with customers islam is practioed in the same way by all groups across North Atrica Piease select the best answer trom the choices provided tf Why did the Spanish want to protect Texas from foreign settlement?a.The Spanish didnt want the Native Americans to claim the land.b.The Spanish knew the region was rich in mineral resources, which they wanted for themselves.c.The Spanish wanted to create a buffer zone to their territory.d.The Spanish didnt want the French or English expanding their lands in the Americas. PLEASE HELP!! MATH FINAL :)) no explanation needed. Darnell is buying salad and pizza for a company lunch. Suppose that a bowl of salad costs $4.00, and a slice of pizza costs $2.00. Let E be the amount in dollars that Darnell spends on salad and pizza. If Darnell buys S bowls of salad and P slices of pizza, then the total amount of money he spends ( E ) can be represented by the equation . Now rearrange the equation you wrote above so that P is written in terms of E and S. The quantity of pizza he buys can be represented by the equation . Suppose Darnell has $40.00 to spend on salad and pizza; that is, E=$40.00.Complete the following table with values of S or P that make the equation true.To complete the first row, determine the number of pizza slices Paolo can purchase with $40.00, when the number of salad bowls he purchases is 0.Budget (Dollars) Salad (Bowls) Pizza (Slice)40.00 0 _____40.00 4 _____40.00 _____ 0 Tori, a 23 year-old, is unemployed and afraid to leave her house. She has only left her house once in the past year. Her fear of leaving the house started about a year ago when she was in the supermarket and suddenly experienced a feeling of sheer terror. She felt like she was totally out of control and might die. She had two subsequent attacks, both when she was out of her house, and since then she has been afraid to go out. On the one occasion when she left her house in the past year, she insisted that her best friend accompany her and stay by her side until she returned home. Tori may suffer from ____________. Please answer this correctly without making mistakes Match the pronoun with the sentence it belongs to.necesitas la corbata azul.[Choose)necesita el uniforme y las botasen la escuela.[Choose ]Sra. Caballero, necesita unastijeras y el papel.[Choose)necesito el libro y una regla en laclase de matemticas.[Choose ] What is your religion, if you have one. What other story element is most affected by the narrator's point of view? hey everyone . sorry . I always answered your all questions from Google which was a cheating . sorry if u think that I am a cheater. but now I will try to answer by my self Early Christians regarded people who believed in the existence of more than one god as __________. A. pagans B. barbarians C. mercenaries D. missionaries Please select the best answer from the choices provided A B C D Consider the following data on U.S. GDP:YearNominal GDP (Billions of dollars)GDP Deflator (Base year 2009)201517,947109.819957,66475.3The growth rate of nominal GDP between 1995 and 2015 was _____, and the growth rate of the GDP deflator between 1995 and 2015 was _____.Measured in 2009 prices, real GDP was _____ billion in 1995 and _____ billion in 2015.The growth rate of real GDP between 1995 and 2015 was _____.The growth rate of nominal GDP between 1995 and 2015 was _____ than the growth rate of real GDP. A graduated cylinder is filled to an initial volume of 25mL. A solid object is dropped into the graduated cylinder. The final volume of the graduated cylinder is 60mL. The mass of the object is 140g. What is the density of the solid object? Angle 9 and angle 8 are what kind of angles? *28/16/511/12Alternate Interior AnglesSame Side Interior AnglesCorresponding AnglesAlternate Exterior AnglesWhat is the value of x. Gregory applies honey to one side of his toast. He wants to estimate the likelihood that the toast will land with the honey side facing up when dropped. He drops the toast 40 times and finds that it lands with the honey side facing up 8 times. From this data, it is that the toast will land with the honey side facing down.