Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van’s current market price is $8,500. However, Tim continues to value it at the original cost. Which principle guides his action?

Answers

Answer 1

Answer:

B. historical cost

Explanation:

According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less

Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available

So this represents the historical cost principle

Hence, the correct option is b,


Related Questions

need help fast!!!!!!!! :(
Compound interest is usually better than simple interest because it pays

A: interest on the principal and the interest earned in each period.
B: interest on the entire principal rather than the interest in each period.
C: more, as it is matched by an employer’s 401k contribution.
D: more often throughout the year rather than once a year.

Answers

Compound interest pays interest on the principal and the interest earned in each period.

Option A. is correct.

Define Compound interest.

Compound interest is a type of interest that pays interest on both the principal or the interest earned over time.

Because compound interest is paid on both the principal or the interest gained in each period, it is frequently preferable to simple interest.

So, option A. is correct.

Find out more information about compound interest here:

https://brainly.com/question/14295570?referrer=searchResults

Interest on the principal and the interest earned in each period is the reason of Compound interest is usually better than simple interest. Hence, option A is correct.

What is simple interest?

Simple interest is the simple way of calculating of the interest of the loan or anything. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.

The formula of simple interest is SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period.

Thus, option A is correct.

For more details about Simple interest, click here:

https://brainly.com/question/25845758

#SPJ5

which of the following describes the free enterprise system the untied states

Answers

Answer:

The free enterprise system of the United States is best described with the following statement: It is a mixed economy with limited government intervention and a great deal of economic freedom.

For what purpose was Jims' superior going to recommend his name to the ATSL? Jim has been working as a logistician with a company for the past 25 years. He is a very efficient worker and has helped the company tremendously during crises. Thus, his superior, who is a member of the ATSL, told him that he is going to recommend his name for the membership.

Answers

Answer:

The main purpose that Jim's superior is recommending Jim to the ATSL is to enable Jim to be admitted as a member of the association.

Explanation:

The reward for work well done, they say, is more work.  Jim has proved that he is professional, efficient, and trustworthy.  No wonder, his superior is taking the responsibility of gaining him membership admission into the ATSL, a prestigious association for professional logisticians.  This is what a superior does for his subordinate to encourage him or her to grow professionally and acquire more relevant and up-to-date skills that will ensure his career growth and success.

Price discrimination exists when a firm sells ________ goods at different prices to ________ groups of customers

Answers

The same
Different

Meaning it is discriminating against groups of people, with the same exact good.

Seller Mary is currently under an exclusive buyer agency agreement with Broker Sam. She meets Broker Adam at a soccer game and they discuss real estate trends. What action can Adam take, if any, when Mary contacts him and asks Adam to help her find a home

Answers

Answer:

just ask  your teacher, thats what they are there for

Explanation:

Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications is one of the best examples of which innovation characteristic

Answers

Answer: Thinking laterally

Explanation:

Lateral thinking simply refers to an indirect way of solving problems. It typically involves a new and creative way of doing something.

This can be seen in Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications.

Lateral thinking is a new and innovative wa of doing something that's quite different from how others do it. This usually gives an organization a competitive advantage over its rivals.

How long would it take to double your money in an account that paid 6% per year

Answers

Answer:

depending on how much you put in there to start with but 5 to 10 years

Loss of value due to a property's features or appearance going out of style or being replaced by a more appealing, effective version is called:

Answers

Answer:

Functional obsolescence

Explanation:

In simple words, Functional obsolescence can be understood as the drop in the functionality or attractiveness of an entity owing to an obsolete design component which can not be quickly adjusted. Depending on sector, the use of the word varies.

The measure is the discrepancy among the replacement expense within and against the treatable object as of the point of measurement with respect to a practical obsolescence loss that prevents anything.

Yuto owns a souvenir shop in Tokyo. He wants to reach English speaking tourists in his city during certain hours of the day. Which three areas of his Search campaign does Yuto need to adjust to achieve this goal? (Choose three.)

Answers

Answer:

Location targeting

Ad scheduling

Language targeting

Explanation:

Yuto try three new and improve methods, Location targeting , Ad scheduling ,Language targeting to reach English speaking tourists.

By using these techniques, Yuto focus on specific target and specific location for target his tourist .

The three areas of his Search campaign does Yuto need to adjust to achieve this goal are location targeting, language targeting, and Ad scheduling. The correct options are options B, C, and E.

Language targeting allows one to target the ads to people who use third-party sites based on the language they speak.

An ad schedule is a schedule that allows one to show ads or modify bids during specific times. One can create up to 6 ad schedules in an account per day, per campaign.

Location targeting allows one to choose where he/she wants to display an ad. By default the ads can be shown to people who are in, regularly visit, or have expressed interest in the desired locations.

Thus, the correct options are B, C, and E.

To learn more about language targeting, refer to the link:

https://brainly.com/question/33264600

#SPJ6

The given questions do not have the options mentioned. The complete question is given below.

Yuto owns a souvenir shop in Tokyo. he wants to reach English-speaking tourists in his city during certain hours of the three areas of his search campaign does Yuto need to adjust to achieve this goal? (choose three.)select 3 correct responses shared

A) budgets ad

B) scheduling language

C) targeting network settings

D) location targeting

A monopolist sells to tourists who have demand p1 = 14 – q1 at a price of $8.00. Residents have demand p2 = 10 – q2. The firm implements an OPD pricing plan. What price should the monopolist charge to the residents?

Answers

Answer:

Price charge to the residents = $4

Explanation:

Given:

p1 = 14 – q1 at a price of $8.00

p2 = 10 – q2

Find:

Price charge to the residents

Computation:

p1 = 14 – q1 at a price of $8

8 = 14 – q1

q1 = 6

In OPD q1 = q2

So,

p2 = 10 – q2

p2 = 10 – 6

p2 = $4

Price charge to the residents = $4

1993 x 291

guys answer this and whoever gets brainly you have to comment on their stuff.
Lets get a lot of comments in one answer

Answers

Answer:

1993×291

=579963 is the answer

Explanation:

1993

×291

1993

17937×

+3986××

579963

A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. franchise b. sole proprietorship c. partnership d. corporation

Answers

Answer:

D. Corporation

Explanation:

I majored in Business.

Answer:

The answer is D. corporation

Explanation:

I am taking the test but A corporation is a business chartered by a state that legally operates as a separate entity from the owner.

What would you do if fear was not a factor and you could not fail?

Answers

Answer:

I would take advantage while it still lasts

Explanation:

but in real life that actually is a thing to I cry myself to sleep

The shelf life of milk is 7 days. You have 22 gallons on hand. You normally sell 4 gallons each day. Do you expect to have to throw out any milk?

Answers

Explanation: You will  throw away no gallons of milk because if you sell 4 gallons every day then 7 times 4 equals 28 so you will only work for 5 an a half days.

Answer:

B

Explanation:

________ means the receiver of the message has become mentally engaged in some way with the ad and the product.

Answers

Answer:

Interest

Explanation:

I majored in Business

Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?

Answers

It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business

~It has created employment

~It has reduced rural-urban migration since some businesses have been set up in Rural areas.

~Saving imports since goods can be locally produced reducing the cost of importing them

~It has raised people's standard of living since one can acquire goods he/she can't produce

~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs

The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft

Imagine you are a health care professional presenting an argument about the effort to strike a balance between cost-effectiveness as it relates to treatment and quality of care. Make an effective argument for one side or the other, using examples from scholarly sources

Answers

Answer:

Throughout the clarification section below the overview according to the situation given is summarized.

Explanation:

Those who understand the argument that it would be very crucial for healthcare institutions to find an appropriate equilibrium regarding cost savings in terms of treatment versus the outcome of education, although medical professionals could only be able to continue giving help regarding health so many of the community fairly if they can accomplish the goal of economic feasibility alone.Cost productivity, as well as the level of the product, have such a negative correlation with something which means that the expenditure would naturally decrease with either the improvement in the standard of treatment, consequently allowing the industry premium and yet at the same moment successful in performance.

However, in the forthcoming development, insurance reveals greater interest about what kinds of expenditures or improvements are somewhat more successful in improving and encouraging the level of efficiency of healthcare organizations or what kinds of interventions as well as expenditures resulting throughout the bottom of the distribution or diversion.

which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death

Answers

Answer:

30-year decreasing term

Explanation:

Life insurance can be regarded as a form of insurance contract that exist between insurance policy holder as well as an insurer, in this case the insurer pledge some payment of amount of money so that he/she can get premium whenever the insured person dies. It should be noted that a 30-year decreasing term life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death

An individual's liability for unauthorized credit card charges is much higher than an individual's liability for unauthorized debit card purchases, regardless of when the fraud is reported. * 2 points True False

Answers

An individual's liability for unauthorized credit card charges is much higher than an individual's liability for unauthorized debit card purchases, regardless of when the fraud is reported.

The answer is FALSE

what effect might use of outdated or incorrect information have on a business?

Answers

Answer:

it could misslead or make there buisness fail

Explanation:

Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property

Answers

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

Total expenditures for coffee reached a maximum at a price of $5 per lb. At this price the demand for coffee is

Answers

Answer:

" Unitary elastic" would be the correct approach.

Explanation:

Whenever the overall spending would be at the optimal energy, the production is component elastic, since the amount spent was hardly starting to fall as well as neither increasing.  And therefore it is wonderfully sensitive to changement in price, and that's why the government spending is optimum as well as the quantity supplied would be unit elastic.  

Total expenditure then becomes the upper limit for unit quantity demanded besides coffee.

Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?

Answers

Explanation:

Naddison

NA

Natson

Naddy

During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?

Answers

Answer:

Std rate per hour: 11.00    

Std hours = 1000*2 =2000    

Actual hours = 1850      

Actual rate = 11.80

   

Labor cost variance = Std cost - Actual cost    

Labor cost variance  = (2000*11) - (1850*11.80)

Labor cost variance = 170 Unfavorable

Labor rate variance = Actual hrs (Std rate - Actual rate)  

Labor rate variance = 1850 *(11-11.80)

Labor rate variance = 1480 Unfavorable

Labor qty variance = Std rate (Std hrs-Actual hrs)  

Labor qty variance = 11 (2000-1850)

Labor qty variance = 1650 Favorable.

what are the advantages and disadvantages of allocating the resources ?

Answers

Answer:

The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs.

The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.

Explanation:

hope it helps

The stage in the product life cycle when a successful product first becomes profitable is known as the _____ stage.

Answers

Answer:

growth stage

Explanation:

What is the best definition of technology?

Technology is replacing human workers with mechanical or electronic devices.
Technology is applying scientific knowledge to find answers and fix problems.
Technology is using fewer resources to manufacture goods more efficiently.
Technology is hiring workers from all over the world to manufacture goods.

Answers

Answer:

technology is applying scientific knowledge to find answers and fix problems.

Explanation:

thats what i think. sorry if its wrong

Answer:

EDG: A-Technology is applying scientific knowledge to find answers and fix problems.

Explanation:

the act of an insurance company publishing misleading information about its policy provisions is called

Answers

Answer:

The right response is "False advertising". A further explanation is given below.

Explanation:

False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer. Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.

Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.

Answers

Answer: See explanation

Explanation:

Here is the complete question:

Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.

a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

a. Annual Demand = 9800 pipes

Cost per order = $6

Carrying cost per unit = $1.5

EOQ = ✓[(2 x Annual demand x cost per order)/carrying cost per order]

= ✓2 × 9800 × 6/1.5

= ✓78400

= 280 units

b. Number of orders orders placed would be:

= 9800/280

= 25 orders

c. Average inventory would be calculated as:

= 280/2

= 140 units

People need to have ____ in the economy to spend money.

A) less disposable income
B) confidence
C) purchasing power

Answers

Answer:

B) confidence

Explanation:

Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.

High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.

Other Questions
The Bill of Rights was added by the first ___. 1 On average, Shawnte drinks 2 of a 6-ounce glass of water in hour. How much water 3 does she drink in an hour? PLEASE HELP WILL GIVE BRAINLIEST!!!!3. Which editing strategies can change the emphasis in a sentence? (Select all correct answers.)a.) repeating key wordsb.) rearranging parts of a sentencec.) replacing cliches or slangd.) deleting redundant words Can u help me please When you can tell how a person feels based on the person's facial expression, which of the four components of emotional intelligencepropagated by Mayer and Salovey comes into play? Yuto owns a souvenir shop in Tokyo. He wants to reach English speaking tourists in his city during certain hours of the day. Which three areas of his Search campaign does Yuto need to adjust to achieve this goal? (Choose three.) 8 is what percent of 24?What is 63% of 130?36 is 15% of what number?A farmer decides to sell 32 pounds of his small 96 pound potato crop. What percent of the crop did he sell?A university has 480 female students. This represents 64% of the student body. How many students are enrolled in the university? assignment plz do it trust me i mad it fun on class kickcode is MND 94J A random Gaussian process x has a mean of 2.5 and variance of 0.36. Calculate the probability of the random variable having a value less than 3. The soil of the Nile River Valley is best characterized as 1.fertile.2.dry. A painter needs to paint the bottom of a circular pool. The pool has a radius of 30 feet. A store sells 5-gallon cans of paint. One gallon of paint covers 300 square feet. What is the smallest number of 5-gallon cans the painter must buy to cover the bottom of the pool? Explain or show your reasoning. how many bonds can sodium form Write a ratio equivalent to the ratio 10:15. a. 15:10 c. 10:30 b. 80:120 d. 40:75 23. Matthew Brady was one of the first photojournalists in the United States. true or false 1. Si me eligen representante, (yo / presentarme a las elecciones)2. Si haba huelga. (ningn transporte pblico / funcionar)3. Si no pagamos impuestos. (nosotros / tener serios problemas)4. Si la huelga continua, (haber violencia en las calles)5. Si me entrevista el locutor la informarle y sobre los ltimos acontecimientos) Help Please, im stuck on this question. Which product is positive? Pls help me fast I will mark u as the brainliast.pls help meeee Which is most likely to be damaged by an acid? A. A glass jar B. A plastic bottle C. A gold bracelet D. An aluminum can How to solve this problem