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2 years ago

Who has the responsibility to apply accounting standards when communicating with investors and creditors?

1 answer:

6 0

Management has the responsibility to apply accounting standards when communicating with investors and creditors.

Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity. It is both the science and the art of managing a company's resources.

Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.

The terms "run the business" and "change the business" are used in management to distinguish between the continuation of the delivery of goods or services and the adaptation of those same goods or services to accommodate changing client demands - see trend.

The term "management" can also refer to managers, who are responsible for running a company.

Learn more about management here:

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Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct. a

pochemuha

Answer:

c. When held in isolation, Stock A has more risk than Stock B

Explanation:

Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.

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3 years ago

Sanborn Company has 10 employees, who earn a total of $2,100 in salaries each working day. They are paid on Monday for the five-

dsp73

Answer:

Journal entry to record accrued wages on December 31, 202x

Dr Wages expense 1,260

Cr wages payable 1,260

Journal entry to record wages expense on Friday, January 2

Dr Wages expense 840

Cr wages payable 840

Journal entry to record payment of wages on Monday, January 5

Dr Wages payable 2,100

Cr Cash 2,100

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3 years ago

Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resour

sladkih [1.3K]

Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.

Explanation:

The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.

For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.

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3 years ago

Tammy, a resident of Virginia, is considering whether to purchase a $100, 000 North Carolina bond that yields 4.6% before tax. S

Degger [83]

Answer:

A. Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Virginia Bond

Explanation:

A. Calculation to Determine the after tax income for Virginia Bond

Using this formula

After tax income for Virginia Bond=Face value*Virginia bonds of comparable risk

Let plug in the formula

After tax income for Virginia Bond=$100,000*4.5%

After tax income for Virginia Bond=$4,500

Calculation to Determine the after tax income for North Carolina Bond

Interest income before tax $4,600

(100,000*4.60)

Less State marginal tax ($230)

(5%*$4,600)

Interest income net of state tax $4,370

($4,600-$230)

Add Federal marginal tax $81

(35%*230)

After tax income for Noth Caroline Bond $4,451

Therefore the the after tax income from each bond will be:

Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Based on the above calculation the options that will provide the greater after-tax return to Tammy will be VIRGINIA BOND reason be that it has high After tax income of the amount of $4,500 compare to Noth Caroline Bond which has After tax income of the amount of $4,451.

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3 years ago

An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own.

Gekata [30.6K]

Options:

a. have no effect on; increase; decrease; negative

b. increase; increase; decrease; negative

c. increase; increase; increase; positive

d. increase; increase; decrease; uncertain

e. decrease; increase; decrease; negative

Answer:

Option D is the correct answer.

An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own. This can be expected to increase investment spending by the firms. At the same time we can expect the unemployment rate to increase and consumption spending to decrease. Overall the effect on gross domestic product (GDP) is uncertain.

Explanation:

Since, Firm choose to build venture by introducing tablets and PCs and hope to accomplish benefit level. And yet joblessness can be relied upon to increment and subsequently utilization spending will diminish. Thus, the general impact GDP is dubious in light of the fact that an underlying increment in venture increment the monetary development level by increment in work rate. On the off chance that business rate increment, at that point consequently utilization spending increment. And yet it was relied upon to expand joblessness rate which decline the utilization spending. Thus, all things considered GDP may increase or diminish . Consequently GDP is dubious.

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3 years ago