What is meant by the term economic consequences? Why does accounting have economic consequences?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
An action or event has economic consequences if it causes a change in so...View the full answer
Answered By
Payal Mittal
I specialize in finance and accounts.You can ask any question related to til undergradution.Organizational behaviour and HRM are my favourites for you can always relate to them and is an art with practical knowledge base.
4.90+
226+ Reviews
778+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is meant by the term comparative advantage? How does it differ from an absolute advantage?
-
What is meant by the term income smoothing?
-
What is meant by the term denominator level of activity?
-
Instructions: Read the footnotes included in the financial statements for H & B Bakery, then answer the following questions. *The exact requirement of this question, is to read the statements below...
-
Explain the concept of expected revenue. Describe how historical data on full-price demand can be used to calculate expected revenues.
-
Leche Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and...
-
Show that the laminar, free convection correlations for a vertical, isothermal flat plate of height \(L\) can be applied to a vertical, isothermal cylinder of diameter \(D\) and height \(L\) if the...
-
Juda Company manufactures and sells a single product. The company's sales and expenses for last year follow: Requirements 1. Fill in the missing numbers in the table. Use the table to answer the...
-
10. The cost, in dollars to produce q items is C(q) = 0.07q + 62q + 1500 Find the marginal cost function. b. Find C(40) and C'(40) showing a step of work for each one. Give units with your answers...
-
Q.no.1 In present times, the functions of HRM are much widen and fasten due to rapid developments in technology and its integration into HR systems like usage of various online tools/ softwares in...
-
Car prices tend to increase over time. One car manufacturer has offered students the opportunity to lock in the price of a new car for when they graduate. By paying $500 today, a student can purchase...
-
Since the underlying economic activity of an entity isn't affected by accounting choices such as when revenue is recognized or how capital assets are depreciated, why does anyone care what accounting...
-
A happy Call option is a Call option with payoff \(\max (\alpha S, S-K)\). So we always get something with a happy Call! If \(C_{1}\) and \(C_{2}\) are the prices of two call options with strikes \(n...
-
(4) (6 pts) Let S, represent the amount of snowfall in inches in Fairbanks, Alaska on the 5th day of the year in 2022 and 2023, for j 1. Using sigma notation, represent the total amount of snow (in...
-
make learning more interactive and fun for students, a math teacher decides to teach a concept to students by using Lego blocks. There are 2 rows of legos, rowA ( of length n ) and rows ( of length m...
-
Probability in Your Life. Describe a recent instance from your own life when you used probabilil)' to make a decision. What type of probabilil)' did you use> How did it help you make the decision?
-
Why take the time for team members to learn about each others personal lives? What are the responsibilities of the team leader, and what are the most desirable skills and behaviors? What is the value...
-
4) In regression models, we usually want to see what happens to the outcome variable when an independent variable of interest that we call 'x' is increased by 1 unit. This is the equivalent of taking...
-
Nitrogen trifluoride is prepared by the reaction of ammonia and fluorine. If you mix NH 3 with F 2 in the correct stoichiometric ratio, and if the total pressure of the mixture is 120 mm Hg, what are...
-
An annual report of The Campbell Soup Company reported on its income statement $2.4 million as equity in earnings of affiliates. Journalize the entry that Campbell would have made to record this...
-
In Figure P31.70, determine the magnitudes of the currents \(I_{1}, I_{2}\), and \(I_{3}\) and whether the direction shown for each current is correct or should be reversed. Assume that \(R_{1}=8.0...
-
Kimmy Company had the following assets and liabilities on the dates indicated. Kimmy began business on January 1, 2013, with an investment of $100,000 from stockholders. Instructions From an analysis...
-
The following information relates to Karen Weigel Co. for the year 2014. Retained earnings, January 1, 2014 .........$48,000 Dividends during 2014 ............. 5,000 Service revenue ...................
-
Lynn Dreise is the bookkeeper for Sanculi Company. Lynn has been trying to get the balance sheet of Sanculi Company to balance. Sanculis balance sheet is shown below. Instructions Prepare a correct...
-
of estion 2.1 Write a C++ program that calculates a customer's bill for a local cable company. The cable company has two types of customers: residential and business with different rates allocated...
-
Use Sobel mask and find horizontal and vertical gradient outputs for the given 5x5 image matrix which is coded 4-bit/pixel. (Don't use padding operation, obtain your output matrix as 3x3 image size!)...
-
003 The minimal polynomial associated with the matrix 102 01 1 is
Study smarter with the SolutionInn App