Business, 11.02.2020 04:26, borgeschristoper694
The time period assumption:
a. Means that we can express transactions and events in monetary, or money, units.
b. Means that a business is accounted for separately from other business entities, including its owners.
c. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.
d. Prescribes that a company record the expenses it incurred to generate the revenue reported.
e. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
Answers: 1
Business, 22.06.2019 04:00, elijahcraft3
Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.
Answers: 2
Business, 22.06.2019 19:10, XOsam
Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.
Answers: 1
The time period assumption:
a. Means that we can express transactions and events in mon...
a. Means that we can express transactions and events in mon...
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