The guidelines is called <span>Generally accepted accounting principle.
</span><span>Generally accepted accounting principle is a method to conduct financial reporting that is deemed as acceptable for Security Exchange Comission.
</span>The purpose of the GAAP is to ensure that all companies follow a generalized rule in making their finnacial report.
Answer:
b. $1200000
Explanation:
Calculation for How much cash will Bramble receive in November
Using this formula
Cash receive in November = October Budgeted sales + Budgeted sales of November
Let plug in the formula
Cash receive in November= ($1,250,000 × 50%) + $1,150,000 × 50%)
Cash receive in November= $625,000 + $575,000
Cash receive in November= $1,200,000
Therefore the amount that Bramble receive in November will be $1,200,000
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
Answer: External secondary data
Explanation:
External secondary data are data gathered and saved by someone or a body that is not part of one's organization. Sources of External secondary data includes published materials, computerised databases and syndicated services.
Note that how difficult or easier it will be getting a secondary data will depend on the methods used in storing and indexing it.
Answer:
Total effect on income= $275,000
Explanation:
Giving the following information:
It costs $60 of variable and $40 of fixed costs to produce a rocking chair which normally sells for $150. A wholesaler offers to purchase 5,000 rocking chairs at $125 each. Georgia would incur special shipping costs of $10 per rocking chair if the order were accepted. Georgia has sufficient unused capacity to produce the 5,000 rocking chairs.
Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.
Unitary variable costs= 60 + 10= 70
Contribution margin= 125 - 70= 55
Total effect on income= 5,000*55= $275,000
