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2 years ago

Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.

1 answer:

8 0

Companies must follow generally accepted accounting principles (gaap) for international financial reporting standards accounting reports

<h3>What are international financial reporting standards ?</h3>

The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
The International Accounting Standards Board created and maintains them (IASB).
The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.

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You believe you must withdraw $12,000 per month during retirement. You plan to be retired for 30 years. Assuming your money will

jek_recluse [69]

Answer:

$2,385,086

Explanation:

To answer this question, we need to use the present value of an ordinary annuity formula:

$PV = A ((1-(1+i)^{-n} )/i)$

Where:

A = Value of the annuity
i = interest rate
n = number of compounding periods

Because the interest rate is annual, it is convenient to convert it to a monthly rate.

4.5% annual rate = 0.37% monthly rate.

The number of compounding periods will be = 12 months x 30 years

= 360 months

Now, we simply plug the amounts into the formula:

$X = $12,000((1-(1 + 0.0037)^{-360} )/0.0037)$

$X = $2,385,086$

You will need to have saved $2,385,086 if you plan to retire under the aforementioned circumstances.

7 0

3 years ago

If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark

I am Lyosha [343]

Answer:

High target price 38.8821

Low target price 29.6153

Explanation:

Calculation to determine your high and low target stock price over the next year

First step is to calculate the seperate yearly PE ratio for High and low price using this formula

PE ratio = Market price / EPS

EPS = B

Low = C

High = D

Let plug in the formula

Year 1

PE(High) C/B = $ 27.43/1.35

PE(High) C/B = 20.3185

PE(Low) D/B = 19.86/1.35

PE(Low) D/B = $14.7111

Year 2

PE(High) C/B = $ 26.32/1.58

PE(High) C/B = 16.6582

PE(Low) D/B = 20.18/1.58

PE(Low) D/B = 12.7722

Year 3

PE(High) C/B = $ 30.42/1.51

PE(High) C/B = 20.1457

PE(Low) D/B = 25.65/1.51

PE(Low) D/B = 16.9868

Year 4

PE(High) C/B = $ 37.01/1.85

PE(High) C/B = 20.0054

PE(Low) D/B = 26.41/1.85

PE(Low) D/B = 14.2757

Second step is to calculate the seperate Average PE for high and low price

Average PE

HIGH(20.3185+16.6582+20.1457+20.0054 / 4)

HIGH = 77.1278/4

HIGH=19.28195

LOW=($14.7111+12.7722+16.9868+14.2757/4)

LOW=58.7458/4

LOW=14.6865

(a) Now let calculate the high target stock price over the next year

Using this formula

High target price = Average PE(high) x EPS for next year

Let plug in the formula

High target price = 19.28195 x[(1+.09)×1.85]

High target price = 19.28195 x(1.09*1.85)

High target price = 19.28195*2.0165

High target price=38.8821

Therefore the high target stock price over the next year is 38.8821

(b) Calculation for the low target stock price over the next year

Using this formula

Low target price = Average PE(low) x EPS for next year

Let plug in the formula

Low target price = 14.6865 x [(1+.09)×1.85]

Low target price = 14.6865x(1.09*1.85)

Low target price = 14.6865×2.0165

Low target price = 29.6153

Therefore the low target stock price over the next year is 29.6153

5 0

3 years ago

Why do you analyze requirements before finalizing them?

ivanzaharov [21]

Answer:

the answer is simple.

How can you finalize anything without identifying the themes, patters and trends of data and information 1st?

in any given scenario, once you have the data with you, you have to investigate and identify pattern and recurring trends in that data. only after such an analysis you will be able to accurately and properly come in to logical and scientific conclusions to finalize.

Explanation:

6 0

4 years ago

The management accountant at Lang Manufacturing Co. collected the following data in preparation for a life-cycle analysis on one

Anuta_ua [19.1K]

Answer: Decline stage

Explanation:

The stage of the sales life cycle the product is in the Decline stage of the product cycle. We can see that the average performance of the product over its past life is higher than that of its last year's performance.

Under the decline stage, there will be a reduction in the quantity of goods that's sold thereby leading to a reduction in profits until it gets to a point that producing the goods will not be profitable anymore.

6 0

3 years ago

Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A newspa

aleksley [76]

Answer:

The correct answers are letters "A", "C", "D", "E", and "F".

Explanation:

Structural unemployment is an economic mismatch when workers fail to find jobs and employers with available openings cannot find workers. This problem can be created by technological advances and rapid relocation of available jobs along with other economic factors such as rapid technological changes, and government policy. In that sense:

A. A newspaper photographer loses his job due to the decreased circulation of the physical newspaper. His boss says more people are using the Internet to get their news. (Technological change)

C. A teacher at the local high school loses his job when declining enrollment causes the school district to consolidate schools. (Government policy)

D. A worker on an assembly line loses her job when the company outsources jobs to China. (Job relocation)

E. Your mechanic closes his shop because recent advances in technology mean that cars need much less servicing, and he doesn’t have enough work to keep the business open. (Technological change)

F. Two employees of a tax accounting firm are laid off because new tax software has made it easier for people to do their own taxes. (Technological change)

8 0

3 years ago