When individuals enjoy the benefits of a public good without contributing toward the cost of providing it, they are?

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Answer 1

When individuals enjoy the benefits of a public good without contributing to the costs of providing it, they engage in a phenomenon known as free riding. This occurs when individuals enjoy the collective benefits of a public good, such as a park or street light, without paying the costs of providing that public good.

Free riding can have a negative impact on the public good by discouraging others from contributing to its costs and maintenance because they know someone else is getting the benefits for free. This can result in an overall reduction in the quality and quantity of the public good. Ultimately, free riding can have a negative impact on society as a whole, leading to under-provision of public goods.

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a customer center executive can handle only 30 customers in a day. this is an example of a(n) .

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A customer center executive who can handle 30 customers in a day is an example of reactive customer service.

How does customer service function?

In order to address their problems, respond to their inquiries, and meet their wants, consumers are the major focus of the customer service representative's interactions. Answering calls and emails from consumers and addressing their queries and issues is a common customer care function. If you want to attract new clients and expand your clientele, you must provide outstanding customer service.

With the aid of this technology, a company's clients can speak with outside technical support and customer care representatives directly. By determining who initiates contact, proactive and reactive customer service can be distinguished. Reactive service occurs when a client first contacts a firm, as opposed to proactive service, which occurs when a company contacts the customer first.

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What can be an effect on citizens living in a command economy?

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People are harmed by it because it uses resources inefficiently and puts their needs and preferences at risk. Additionally, the quality of the products may be subpar due to a lack of innovation brought on by a lack of competition in a command economy.

The production, trade, and consumption of goods and services are all topics covered by the social science of economics. The study of economics focuses on the operation of economies as well as the activities and interactions of economic actors. Microeconomics is the study of the interactions between what are considered to be the basic elements of the economy, such as market and agent activity. Any number of customers, including residences, businesses, buyers, and sellers, can be represented by an individual agent. Macroeconomics is the study of the economy as a coexisting system of production, consumption, saving, and investment. It also examines the factors that affect this system, including as the employment of labor, capital, and natural resources, currency inflation, economic growth, and governmental policies.

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How do I write a business plan for a yogurt proposal?

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The exact contents of a business plan will differ plan by plan, but in general, the typical plan should include an administrative summary.

A business plan, a  request or competitive analysis, a description of the proposed  functional structure, a product description, and a pitch to raise capital if applicable.  Administrative Summary  Give a brief overview of the frozen yogurt assiduity.  bandy the type of frozen yogurt business you're operating.  Detail your direct challengers.

Give an overview of your target  guests.  give a  shot of your marketing strategy.  Offer an overview of your  fiscal plan.  A business plan is a document that defines in detail a company's  objects and how it plans to achieve its  pretensions. A business plan lays out a written road chart for the  establishment from marketing,  fiscal, and  functional  slants.

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How does technology help consumers make purchasing decision effectively?

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More than ever,consumers and businesses are interconnected.No matter what they are doing, people can use cellphones to explore things, inquire about sales, and make purchases.

How does technology aid consumers in making wise purchasing decisions?

Due of the impact of customer behavior on brands, there is a significant amount of e-commerce and online marketplaces nowadays. People prefer to deal with entities, such as information or software, that make them feel as though their preferences and interests are taken into account. Customers will be able to find the answers they require more quickly if intuitive automation and automated self-service are combined.

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Which of the following is a feature of seed financing? O a. The managerial involvement is very high. The company has to start up all operations Ob Money is used to finance research: The company needs money to finance the development C. Money is used to pay off debtors.

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The correct option is: a. The managerial involvement is very high. The company has to start up all operations .

Seed capital is the cash raised to begin developing a thought for a business or another item.

This funding for the most part takes care of just the expenses of creating a proposition.

In the wake of securing seed financing, startups might approach financial speculators to obtain extra financing.

Some seed capital might come from angel investors — proficient investors who have a high total assets.

A company that is initially starting out may have restricted admittance to funding and different sources. Banks and different investors might be reluctant to invest in light of the fact that it has no set of experiences or laid out history, or any proportion of accomplishment. Many startup executives frequently go to individuals they know for initial investments — loved ones. This financing is alluded to as seed capital.

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U.S. consumers benefit from having products made in China or India because lower labor costs keep prices ____ in stores such as Walmart.

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Consumers in the United States benefit from goods created in China or India even though reduced labor costs maintain prices LOWER in supermarkets like Walmart.

Promoting global economic growth is one way to reduce international tensions because businesses collaborate more lucratively inside a relaxing area. One advantage of expanding into global countries such as China would be that goods become more affordable.

Notwithstanding, at an expense, jobs have already been relocated to different parts of the world. The 65-74 age group is currently the wealthiest and most powerful demographic in the United States.

The aging population will generate numerous new markets for products and services by 2030.

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What are the two ways that you can make money from stocks ?

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The first way to make money from stocks is through capital gains. This is when you buy a stock at a lower price and then sell it at a higher price, meaning you make a profit. Another way to make money from stocks is through dividends.

Dividends are payments made to a company's shareholders as a reward for their investment. When a company makes a profit, it may decide to return some of it to its shareholders in the form of a dividend. This is beneficial for investors as it provides them with an additional income stream even if the share price does not rise. Equity investments can also be used to diversify an investment portfolio as well as gain exposure to different industries and markets.

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the objective of financial reporting places most emphasis on

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The objective of financial reporting places most emphasis on reporting to capital providers.

What does financial accounting have as its primary goal?

Practically speaking, the primary goal of financial accounting is to correctly prepare financial statements, also known as accounts payable and receivable for a firm for a certain period.

What does financial reporting have as a goal?

The most explicit goal of external financial reporting is to give information about the resources and claims to those resources of the company, as well as how those resources and claims to those resources change over time.

What does financial reporting have as its goal?

To offer financial data on the reporting entity that can be used by present and potential equity investors, lenders, and creditors to make decisions about providing funding to the entity through equity investments, loans, or other types of credit.

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What does a market economy depend on?

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Market economies are built on voluntary transaction and are not governed by a single entity. For market economies to operate, supply and demand must interact. The quantity of products and services that people require or want is referred to as "demand."

A market economy is an economic system where supply and demand signals on pricing impact decisions regarding production, distribution, and investment. A crucial aspect of a market economy is the presence of factor markets, which regulate how capital and other production-related factors are distributed. There are many different types of market economies, from minimally regulated free-market and laissez-faire systems, where state activity is restricted to providing public goods and services and protecting private ownership, to interventionist forms, where the government actively takes part in resolving market inefficiencies and advancing social welfare. The economy's areas of production, distribution, trading, and consumption are all vulnerable to government intervention. the provision of services for the most basic requirements.

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List the 4 walls. What priority are those in your budget?

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The four walls of Budgeting according to Dave Ramsey, are basic necessities including food, shelter, clothing, and transportation.

What Are the Four Walls of Budgeting?

Supporting the four walls is the foundation of the "Four Walls Budget" (of your home). You must pay the following necessary expenses in order to support the four walls of your home: basic food, basic transportation, and basic clothing.

Basic shelter

Included in basic shelter costs are those needed to maintain a roof over your head. Your rent or mortgage payment is considered a basic shelter expense, but it does not include additional mortgage principle. Your basic utilities, such as your water, sewer, electric, and heating oil bills, property taxes, and minimal phone service to call 911, are also included under basic shelter.

Does not include

lawn maintenance,pool service,pest control contracts,optional homeowner's association services,high-speed internet,decorating expensesFood

Food that keeps you full and provides all of your nutritional needs is considered basic food. Eating out is not included in a basic food budget; instead, stay in or pack a lunch. Soda, beer, wine, or any other premium brands are not included ,Organic food is a pricey luxury that you cannot buy if you are unable to pay your debts.

Basic transportation

The modest costs associated with getting to and from work, school, medical appointments, and other locations are covered by basic transportation. Included in basic transportation are:

car registration and inspection costs,minimal payments on a car payment to keep the absolute minimum number of cars,legally required auto insuranceBasic clothing

Simply put, basic clothes is exactly that. For a long, you shouldn't need to buy anything other than underwear, socks, and new shoes if you have a wardrobe full of clothes. Clothing in the following size, fresh to you (don't avoid used), is required for households with children. You cannot afford indulgences like prom gowns, new seasonal outfits, new clothing to keep up with the newest trends, or wardrobe changes.

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Bianca is a stockbroker. Her earnings are based on a graduated commission. She receives 3% on any stock sale up to $100,000 and 5% for any amount over the $100,000. Last saturday she sold $110,000 worth of stocks. How much did she make selling the stocks?.

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Bianca made $5,300 from the sale of stocks on Saturday. She received 3% on the first $100,000, which is $3,000, and 5% on the remaining $10,000, which is $2,300. Together these two amounts add up to $5,300.

For a fee or commission, stockbrokers purchase and sell stocks and other assets on behalf of ordinary and institutional clients over the counter or through a stock exchange. Retail investors coexist with institutional stockbrokers and fund managers in the world of finance.The majority of stock brokers work for brokerage firms and conduct business with several individual and institutional clients.

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There are 465 calories in five ounces of a certain ice cream. How many calories are there in three pounds?.

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There are approximately 4464 calories in three pounds of ice cream.

To find the number of calories in three pounds of ice cream, you need to first convert the weight to ounces. There are 16 ounces in 1 pound, so 3 pounds is equal to 3 x 16 = 48 ounces. If there are 465 calories in five ounces, then to find the number of calories in 48 ounces, you can use the proportion: (calories in 48 ounces) / (48 ounces) = (calories in 5 ounces) / (5 ounces) and solve for calories in 48 ounces. 48/5 = 9.6. So, 465*9.6 = 4,464 calories in 48 ounces. That is the equivalent of 3 pounds of ice cream. However, it is important to note that nutritional values may vary depending on the brand, flavor and ingredients of the ice cream.

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a company is considering the purchase of a new piece of equipment for $90,000. it is expected to produce the following net cash flows. the payback period is: year 1 year 2 year 3 year 4 year 5 net cash flows $ 36,000 $ 30,000 $ 18,000 $ 12,000 $ 6,000 group of answer choices 4.50 years. 4.25 years. 3.50 years. 3.00 years. 2.50 years.

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The payback period is 3.50 years. Payback can be meant as the return of price.

To calculate the payback period, we need to determine the number of years it takes for the company to recoup its initial investment of $90,000 through the net cash flows generated by the equipment.

We can start by adding up the net cash flows from each year until they reach or exceed $90,000:

Year 1: $36,000

Year 1 + Year 2: $36,000 + $30,000 = $66,000

Year 1 + Year 2 + Year 3: $66,000 + $18,000 = $84,000

Year 1 + Year 2 + Year 3 + Year 4: $84,000 + $12,000 = $96,000

Since the net cash flows in Year 1 through Year 4 add up to $96,000, which is more than the initial investment of $90,000, we know that the payback period is less than 4 years.

To find the exact payback period, we can use the following formula:

payback period = (initial investment - net cash flow in year of payback) / net cash flow in year after payback

Therefore, the payback period is:

(90,000 - 84,000 )/12,000 + 3 = 3.5 years

So the payback period is 3.50 years.

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Freida’s credit card has an apr of 13.73%, and it calculates her finance charge by using the daily balance method and a 30-day billing cycle. on september 1st, freida had a balance of $449.22. during the month of september, she made a payment of $85.33 and a purchase of $60.99. how much greater will her september finance charge be if the purchase occurred on september 7th and the payment occurred on september 20th than it would be if the payment occurred on september 7th and the purchase occurred on september 20th? a. $0.13 b. $0.41 c. $0.72 d. $0.28 please select the best answer from the choices provided a b c d

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The correct answer is d. $0.28. To calculate the finance charge, we first need to determine Freida's average daily balance for the month. We can do this by finding her ending balance for each day of the month, and then taking the average of those balances.

If the payment occurred on September 7th and the purchase occurred on September 20th:

On September 1st, her balance is $449.22.
On September 7th, she makes a payment of $85.33, so her new balance is $449.22 - $85.33 = $363.89
On September 20th, she makes a purchase of $60.99, so her new balance is $363.89 + $60.99 = $424.88
Finance charge = Average daily balance * APR/365
Average daily balance = (449.22+363.89+424.88)/30 = $407.47
Finance charge = $407.47*0.1373/365 = $0.28

If the purchase occurred on September 7th and the payment occurred on September 20th:

On September 1st, her balance is $449.22.
On September 7th, she makes a purchase of $60.99, so her new balance is $449.22+$60.99 = $510.21
On September 20th, she makes a payment of $85.33, so her new balance is $510.21 - $85.33 = $424.88
Finance charge = Average daily balance * APR/365
Average daily balance = (449.22+510.21+424.88)/30 = $464.99
Finance charge = $464.99*0.1373/365 = $0.56

Thus the difference in finance charge = $0.56 - $0.28 = $0.28

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fergie has the choice between investing in a state of new york bond at 5 percent and a surething incorporated bond at 8 percent. assuming that both bonds have the same nontax characteristics and that fergie has a 30 percent marginal tax rate, in which bond should she invest?

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Fergie should invest in the Surething Incorporated bond because it has a higher after-tax rate of return.

To calculate the after-tax rate of return, one must first calculate the amount of interest income that will be lost to taxes. For the New York State bond, that would be 0.05 x (1 - 0.3) = 0.035, or 3.5%. For the Surething Incorporated bond, it would be 0.08 x (1 - 0.3) = 0.056, or 5.6%.

Since the after-tax rate of return on the Surething Incorporated bond is higher, it would be the better investment choice. The bond of the State of New York offers a 5% nominal rate and the other bond of Surething Incorporated offers an 8% nominal rate. Since Fergie has a 30% marginal tax rate, she will pay 30% of the interest income she receives as taxes.

This means that the after-tax rate of return for the New York State bond will be 5% x (1 - 0.3) = 3.5% and the after-tax rate of return for the Surething Incorporated bond will be 8% x (1 - 0.3) = 5.6%. As the after-tax rate of return for the Surething Incorporated bond is higher, it would be the more attractive investment choice for Fergie.

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How can the concept of opportunity cost affect your decisions when making financial plans?

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Answer:

Opportunity cost is the potential benefit or gain that must be given up in order to pursue a certain action or decision. In the context of financial planning, opportunity cost can play a significant role in determining the best course of action.

When making financial plans, individuals must consider the opportunity cost of each decision they make. For example, if someone decides to invest their money in a particular stock, they must consider the opportunity cost of not investing in a different stock or asset that may have a higher potential return. Similarly, if someone decides to save money by cutting back on their spending, they must consider the opportunity cost of not being able to enjoy the things they are giving up.

Opportunity cost can also affect decisions related to debt and credit. For example, if an individual takes out a loan with a low interest rate, they must consider the opportunity cost of not being able to invest or save that money for other financial goals, such as retirement or buying a house.

Opportunity cost can also affect decisions related to time and effort, such as taking a higher paying job that requires more time and effort, or starting a business which is time-consuming and risky but can have high potential returns.

define scope is the process of developing the: a. project scope network diagram. b. project scope management plan. c. project work breakdown structure. d. detailed specifications of the project outcomes and products.

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Detailed specifications of the project outcomes and products.

Describe scope management.

Defining and identifying the steps necessary to fulfill a project's requirements is the procedure of scope management. It also entails making sure that the task is finished on time and within the allocated budget.

Describe the outline of the project's scope.

The timely and accurate completion of teams' work depends on the project management strategy of the company. However, before project leaders can create a detailed strategy and a development team can carry out that plan, everyone must understand what work has to be done and what makes it crucial.

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How is profit calculated formula?

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The profit calculated formula is, Profit = Selling Price - Cost Price. Similarly, in the case of loss, the cost price is considered to be more than the selling price.

Every organization and business tends to work on the fundamental concept of the profit and loss. So, it is very important in order to familiarize yourself with profit and loss, which is not only to run a business or company but also to keep an account of your own expenditure.

However, comparing the prices is also considered to be a form of profit and loss as you tend to learn in order to save money by buying the same good at a comparatively lesser price. Thus, the selling price is how much a buyer tends to pay for a product or service.

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assume that the event marketing team that is heading up the promotional efforts for the ncaa march madness events (i.e. college basketball championship tournament) determines that it is time to try and attract a new market segment to attend the games. the team presents the idea that targeting participants in high school basketball, cheerleading, and marching bands would be a great audience to target. they support this notion only on their extracurricular interests in basketball/cheerleading/marching bands and their desire to attend one of the universities in order to participate in those extracurricular activities. which segmentation strategy did the event marketing team use? group of answer choices behavioral segmentation strategy demographic segmentation strategy benefit segmentation strategy psychographic segmentation strategy

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Psychographic Segmentation Strategy was used by the event marketing team.

Psychographic segmentation is a research approach that divides customers into groups based on psychological traits such as personality, lifestyle, social standing, activities, hobbies, opinions, and attitudes. Psychographic marketing allows you to interact with various target groups in ways that are most effective for each one. This method saves money and time on methods that may fail and makes it simpler to connect with the groups that care about.

The event market research begins with the recognition that there is a event that can assist your organisation in achieving a goal. Events may increase the sales funnel, boost morale, promote a product, and much more. Ultimately, the event marketing approach boils down to the event's aim. You may plan promotion & objectives depending on what you expect to achieve if you determine what they hope to achieve. Event plans are inextricably linked to an event marketing process.

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Crane Corporation earned $405,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,900 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. (a) Are the warrants dilutive

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Yes, the warrants are dilutive. Dilutive securities are those that are able to be converted into shares of common stock, and at a price that is lower than the current market price of the shares.

In this case, the warrants can be exercised to purchase one share of common stock for $10 each, which is lower than the average market price of $15 per share. As a result, the warrants are dilutive and will reduce both the earnings per share (EPS) and the book value per share of the common stock.

Therefore, the warrants are dilutive.

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managers should try to forecast the effects of different decisions on the firm's intrinsic value and then take actions designed to maximize this value. management should provide information that helps investors make better estimates of the firm's intrinsic value, which will keep the stock price closer to the equilibrium level. however, there are times when management cannot divulge the true situation because doing so would provide information that helps its competitors. true or false? a. true b. false

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Managers should try to forecast the effects of different decisions on the firm's intrinsic value and then take actions designed to maximize this value. This statement is true.

A business manager is a supervisor who is in charge of an organization's or department's staff and activities. They seek to maintain the business productive, effective, and structured at all times by implementing operational strategies, conducting performance evaluations, and managing all daily activities.

Business managers spend time looking for fresh opportunities that can help the company's growth and competitiveness in the market, and they also set goals and targets to get there.

Every day, they work closely with staff members to monitor all initiatives and identify potential areas for improvement. The majority of their managerial responsibilities include hiring, developing, and terminating employees.

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you have received a check for $124 from an insurance company that needs to be allocated to a patient account. this means you need to

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An insurance provider has sent you a cheque for $124, which you must deposit into a patient account. this means that you must add $124 to the patient's outstanding balance.

The amount on a previous statement for which payment is due but has not yet been received is the balance owed. It typically takes the form of the remaining balance on an account's obligation or the principle owed on a promissory note. In general, an interest that has not yet accumulated is not included in the balance payable.

The balance that is now due for the client is indicated on the Statement of Accounts as "Balance Due," while the balance that is "Overdue" is the one that has not been paid within the allotted grace period is indicated as "Balance."

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what businesses in the north and in england depended on the cotton grown and harvested by enslaved africans in the south?

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Answer:

Textile manufacturers

Hope this helps!

Explanation:

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An encyclopedia entry illustrating how a hunter-gatherer group collects and shares food resources is describing that society's____________.

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The economic system of a hunter-gatherer community is described in an encyclopedia entry that shows how such society gathers and distributes food resources.

Why did Community get Cancelled?

Screen suffered a significant financial loss on their Community investment. The service decided against producing more seasons of the show because the contracts of the core cast were about to expire, which led to the show's ultimate discontinuation. A community can be described as a collection of individuals who share a common location or trait. People who live in the same area, work at the same firm, or attend the same school together are the types of people we most frequently associate with the word "community."

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Workers today are more productive than workers in 1776 because workers today: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices are no longer agrarian. Have a better understanding of time. Have more capital to work with. Are protected by price controls on wages

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Option a: Workers today are more productive than workers in the past because: workers now have more physical capital embodying better technology to work with.

Employee or worker productivity is defined as an assessment of the value produced by an individual employee over a specified period of time.

Productivity is directly related to business performance (short and long term) and return on investment (ROI). Without this correlation, no activity can be considered productive.

High or low productivity depends on an organization's internal averages and how employees, teams, and departments rank against predefined baselines.

The overall success of an organization has to do with the efficient and effective productivity of its workforce.

Today’s workers have more physical capital and better technology which makes them more productive than past.

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Complete question:

workers today are more productive than workers in the past because:

a. workers now have more physical capital embodying better technology to work with

b. there are more workers now working with the same number of machines than in the past

c. they are paid more

d. workers are now physically stronger on average

Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow had an NOL carryover of $90,000 to 2020. Assume CARES Act applies. How much tax will Willow Corp. Pay in 2020, what is its NOL carryover to 2021, and what is its NOL carryover to 2021 under the following assumptions

Answers

Willow Corp NOL vestige to 2021 (year 4) is $10,000

The most effective method to ascertain Willow Corp NOL remainder to year 4

Year 3 pay = $100,000

Convey forward misfortunes:

Year 1 = $50,000

Year 2 = $40,000

Complete convey forward misfortunes = $50,000 + $40,000

= $90,000

Qualified convey forward misfortune = $100,000 × 80%

= $100,000 × 0.8

= $80,000

Willow Corp charge risk in year 3 = $100,000 - $80,000 × 21%

= $20,000 × 21%

= 20,000 × 0.21

= $4,200

Willow Corp NOL vestige to year 4 = Absolute convey forward misfortunes - Qualified to convey a forward misfortune

= $90,000 - $80,000

= $10,000.

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This question is not complete , here I am attaching the complete question:

Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow had an NOL carryover of $90,000 to 2020. Assume CARES Act applies. How much tax will Willow Corp. Pay in 2020, what is its NOL carryover to 2021, and what is its NOL carryover to 2021 under the following assumptions:

a. $50,000 of the NOL was generated in 2016 and $40,000 of the NOL was generated in 2017.

b. $50,000 of the NOL was generated in 2018 and $40,000 was generated in 2019. Assume that Willow elects to forgo the carryback period on all NOLs eligible for carryback.

several lululemon stores are in need of new managers. lululemon's commitment to sustaining its internal culture means which of the following would most likely be a characteristic of those hired for a management position? a. these managers began employment at lululemon on the sales floor. b. like most other managers, these managers will be hired from an outside position. c. these managers will have an mba in marketing and management regardless of their interest in the fitness world. d. these managers will be bound to carry out employee training and to maintain the layout of the lululemon store as directed by corporate headquarters.

Answers

Answer: d. would most likely be a characteristic of those hired for a management position.These managers will be bound to carry out employee training and to maintain the layout of the lululemon store as directed by corporate headquarters.

Lululemon is committed to sustaining its internal culture and this means that it is looking for managers who will help preserve this culture. By requiring these managers to carry out employee training and maintain the store as directed, they will be able to ensure that the culture is maintained in the stores.

Hence option d. these managers will be bound to carry out employee training and to maintain the layout of the lululemon store as directed by corporate headquarters. is the answer.

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a document that production managers use to request materials for production and shows the job number, the types of materials, and the quantities needed is a:

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This document is called a Material Requisition Form or Material Requisition Slip. It is used by production managers to request materials for a specific job or production order, and it typically includes the job number, types of materials needed, and quantities required.

A Material Requisition Form is a document used by production managers to request materials for a specific job or production order. It is an important tool for ensuring that the necessary materials are available when they are needed for production.

The form typically includes the job number, types of materials needed, and quantities required. This information helps the purchasing or inventory department identify and purchase the materials needed. It also helps to track the materials used and maintain accurate inventory records. Overall, it is a document to keep the production process flowing and avoid any delays.

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Why is paying attention to how you present yourself in an interview important and helpful in securing a job?

Answers

The interviewer can concentrate on you and your abilities as a result. Interviews are made easier with a cover letter and resume.

What research can you use to get ready before applying for a job?

In conclusion, before applying for a job, you should research the role, the company, and the industry you want to work in. Make use of your research to demonstrate how your particular skill set will assist the company in achieving its objectives.

What is the one advantage of working together as a team?

Your team's ability to collaborate and solve problems improves. This leads to more creativity, more effective procedures, more accomplishments, and better communication.

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Allocates expenses to revenues in the proper period."- Identify by number the accounting assumption, principle, or constraint that describes the situation above. Do not use a number more than once.1. Economic entity assumption.2. Going concern assumption.3. Monetary unit assumption4. Periodicity assumption.5. Measurement principle (historical cost)6. Measurement principle (fair value)7. Expense recognition principle.8. Full disclosure principle.9. Cost constraint.10. Revenue recognition principle.

Answers

The accounting assumption that describes the situation properly is: 4. Periodicity assumption.

What is Periodicity assumption?

The periodicity assumption is an accounting principle that states that the life of a business can be divided into artificial time periods, usually a year or a quarter, and that the financial performance and position of the business can be measured at the end of each period. This allows for the preparation of financial statements, such as income statements and balance sheets, on a regular basis. This assumption is important because it enables the preparation of financial statements in a consistent and comparable manner, which is necessary for accurate and meaningful financial analysis.

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