1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
1 year ago
8

Does the sec require the entity to disclose in the current reporting period the future effect that the accounting change is expe

cted to have on the entity's financial statemtns?
Business
1 answer:
nevsk [136]1 year ago
7 0

Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.

<h3>What is SEC?</h3>

After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.

The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.

To learn more about Securities Act,visit:

brainly.com/question/17329529

#SPJ4

You might be interested in
Boyd's Bicycle Sales and Repairs Co. offers a 6-month warranty on all new bicycle purchases. Based on history, Boyd determines t
guapka [62]

Answer:

Boyd will record Warranty Expense in the amount of $400 for the month.

Explanation:

Warraty expense is an obligation on the business because business idmliable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.

Sales = $20,000

Warranty repair = 2% of Sales

Warranty Expnese = Sales x Warranty repairs percentage

Warranty Expnese = $20,000 x 2%

Warranty Expnese = $400

4 0
3 years ago
Total asset turnover is computed as: multiple choice Average sales divided by average total assets Net sales multiplied by avera
Korolek [52]

Overall asset turnover is computed as internet sales divided via common total assets.

Asset turnover is the ratio of overall sales or revenue to average property. This metric facilitates buyers to apprehend how efficaciously groups are using their assets to generate income. traders use the asset turnover ratio to examine similar corporations inside an equal area or organization.

A higher ratio is favorable because it suggests a more green use of belongings. Conversely, a decreased ratio suggests the organization isn't using its belongings as effectively. This is probably because of extra production capability, terrible series strategies, or bad stock control.

The asset turnover ratio is the ratio between the cost of a business enterprise's sales or revenues and the fee of its property. it's far an indicator of the efficiency with which an employer is deploying its assets to provide sales. as a consequence, the asset turnover ratio can be a determinant of an organization's performance.

Learn more about asset turnover here: brainly.com/question/15413308

#SPJ4

6 0
2 years ago
You are given the following information on Kaleb's Welding Supply: Profit margin 6.9 % Capital intensity ratio .78 Debt–equity r
Tatiana [17]

Answer:

0.1563946140 or 15.64%

Explanation:

The computation of the sustainable growth rate is shown below:

But before that we need to do the following calculations

As we know that

Profit margin = net income ÷ Sales

So,

0.069 = $86,000 ÷ Sales

Sales = $1,246,376.81159

Now

Capital intensity ratio = Total assets ÷ Sales

Total assets is

= $1,246,376.81159 × 0.78

= $972,173.91304

And,

Debt - Equity ratio = Debt ÷ Equity = 0.9

Now, if debt is 0.9, and equity is 1, Thereforetotal assets is 1.9 (0.9 + 1).

So,

Equity = Total assets x 1 ÷ 1.9

= $972,173.91304 ÷ 1.9

= $511,670.480547

And,  

Return on Equity (ROE) = Net income ÷ Equity

= $86,000 ÷ $511,670.480547

= 0.16807692307 or 16.807692307%

And,

Dividend payout ratio = Dividend ÷ net income

= $16,800 ÷ $86,000

= 0.1953488372

Now  

Retention ratio (b) = 1 - dividend payout

= 1 - 0.1953488372

= 0.8046511628

So,  

Sustainable growth rate (SGR) = (ROE x b) ÷ [ 1 - (ROE × b) ]

= (0.16807692307% × 0.8046511628) ÷ [ 1 - (0.16807692307% × 0.8046511628) ]

= 0.1563946140 or 15.64%

6 0
3 years ago
Are female expatriates different?.​
Paha777 [63]

Answer:

Explanation: Selmer and Leung (2003c) found that female expatriates have the same general adjustment as male expatriates, but with higher levels of work adjustment and better interaction adjustment. A replication study by Haslberger (2010) confirms that the adjustment patterns of male and female expatriates are different.

7 0
2 years ago
Read 2 more answers
Sequential product development has the advantage of not only being a team-oriented approach, but also of being faster in bringin
wariber [46]

Answer:

False

Explanation:

During a sequential product development, each department works to complete its stage before the process continues to the next department.

A team-based new product development approach is used to develop products faster and to be able to sell them faster. This approach does not require that each department finishes its stage before passing to the next one. Instead, several departments work together simultaneously.

6 0
3 years ago
Other questions:
  • Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. Du
    12·1 answer
  • When Raoul Welsh is evaluating the construction industry in terms of interest rates, employment cycles, and the rate of new home
    14·1 answer
  • An economist says, "technological advances have the power to lower the prices of many of the goods we buy." here is how this wor
    8·1 answer
  • The accounting basis that helps to measure and report revenues and expenses in a way that clearly reflects the ability of a comp
    10·1 answer
  • ___ are a payment mechanism that are similar to regular bank checks but are transmitted electronically, with a signature in digi
    8·1 answer
  • A company had net income of $200,000 and paid dividends to common stockholders of $50,000 in 2022. The weighted average number o
    9·1 answer
  • On June 1, Year 1 Oxian Corp. receives $24,000 from a customer for work to be performed evenly over the next 2 years. What is th
    14·1 answer
  • Misty and John formed the MJ Partnership. Misty contributed $50,000 of cash in exchange for her 50% interest in the partnership
    11·1 answer
  • PLS HELP!! Complete the following sentence.<br> Making sales is the primary mission of a sales___
    9·2 answers
  • Researchers are always interested in the relationships between or among variables. When two variables are
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!