Answer: Measurement and presentation of financial performance
Explanation: The two primary functions of financial accounting are measurement and presentation of financial performance.
The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.
Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.
This reflects geocentric attitude.
The World Trade Organization (WTO) is the only global international organization addressing manufacturing the principles of trade between nations. The North American trade Agreement (NAFTA) was implemented to market trade between the U.S., Canada, and Mexico.
A company's employees, managers and board of directors compose a business's internal stakeholders. Employees of the manufacturing corporation are invested within the company's performance to make sure they still be paid and retain their jobs.
The Agreement Establishing the WTO recognizes the necessity for positive efforts to make sure that developing countries, and particularly those who are least-developed, share within the growth of international trade.
They make it easier for nations to try and do business. They increase product choices for consumers. They prevent two nations from exchanging manufacturing goods. Better risk management. One among the many advantages of international trade is market diversification.
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Answer: Cellular layout
Explanation:
The cellular layout is one of the organizational process in which the various types of similar produced are manufacturing together that contain some effective features and the characteristics.
The main goal of the cellular layout is that it helps in encompassing the various types of technology for producing the effective products more quickly.
According to the given question, the operational manager of the printing company where all the worked together for assembling an order of the 500 copies and this is an example of cellular layout.
Therefore, Cellular layout is the correct answer.
Answer: $40,000
Explanation:
As this is a manufacturing company, they are exempt of Accumulated earnings tax of the amount of $250,000. Anything above that will be subject to an Accumulated Earnings tax rate of 20%.
Accumulated Earnings tax = 20% * (450,000 - 250,000)
Accumulated Earnings tax = 20% * 200,000
Accumulated Earnings tax = $40,000
Answer: An unrestricted component of net position
Explanation:
Fund balances can be committed, restricted, assigned, and unassigned. The designation of city council has no right to restrict funds.
A restriction of fund can only be imposed through legislation, constitution, or external resource providers, and not by the designation by the city council. In this case, funds would be unrestricted.
