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Accounting Principle
Accounting principles are the primary assumptions, rules of operation, and necessary features that make up the framework for the construction of accounting financial statements.
In sequence to be useful, the accounting information must have certain features, such as being dependable and practical. For be dependable, the accounting information have to be accurate, unbiased, & verifiable. To be practical, accounting information have to be predictable, prepared in a timely fashion, & be able to give meaningful feedback. Additional characteristics are in which the accounting information must be consistent, comparable, serve a utilitarian required (such as cost/benefit), and make a material difference.
Letter of Credit (LOC) A popular bank instrument begins that a bank has granted the holder an amount of credit equal to the face amount of the L/C. A bank guarantees payment of
in 2002, jackson incorporated had gross sales of $4269200. for 2002, management estimated that returns and allowances would be 5 percent of gross sales. what did jackson report as
Bennis Shafts produces three types of golf club shafts which it sells to golf club manufacturers. Prepare ONE worksheet to answer the following questions and to determine the outc
Q. Show the Working capital in a business? Working capital in a business is essential since of operating cycle. However the need for working capital doesn't come to an end afte
AOT limited is considering two mutually exclusive projects - cable and satellite. The possible NPVs for every project and their associated probabilities are as follows: Cable:
Monthly Returns: You now need to calculate the monthly "periodic" returns for all three stocks and the S&P index. Adapting the holding period return formula (End - Beg) / Beg for
Nominal spread of a non-treasury bond can be defined as the difference between the bond's yield and the yield to maturity of a benchmark treasury coupon security.
Determine about the Sales agents Normally used for more effective sales and marketing activities for a product for example AVON (cosmetics) door to door agents in the UK. -
Q. Just-in-time inventory management processes? Just-in-time (JIT) inventory management processes seek to eliminate any waste that arises in the manufacturing process as a resu
What are the main elements of capital budgeting decisions There are three elements of capital budgeting decisions (i) long-term assets and their composition (ii) business
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