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DaniilM [7]
2 months ago
4

to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental enti

ties that provides decision-useful information to investors and other users of financial reports."" is the mission of
Business
1 answer:
gtnhenbr [62]2 months ago
3 0

It is the mission of Financial Accounting Standards Board (FASB)

The Financial Accounting Standards Board (FASB) is a free non-benefit association liable for laying out bookkeeping and monetary detailing guidelines for organizations and non-benefit associations in the United States, following Generally Accepted Accounting Principles (GAAP).

The FASB was shaped in 1973 to succeed the Accounting Principles Board and continue its central goal.

These standards guide bookkeepers in their pragmatic use of commonly acknowledged techniques for introducing and revealing data such as, yearly reports documented by partnerships, and 10-K reports gave by organizations utilized broadly by financial investors while choosing whether to trade shares.

To learn more about Financial Accounting Standards Board (FASB).

brainly.com/question/14530207

#SPJ4

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Adjustments to expense accounts at the end of the accounting period are made to adhere to accrual accounting principles, specifi
babymother [125]

Answer: Revenue Recognition

Explanation:

From the given text/information/scenario , we can state that the answer to the following question is revenue recognized. Revenue recognition is referred to as or known as the accounting principle that tends to outline certain specific conditions and circumstances under which the revenue is recognized.

4 0
2 years ago
The engineering team at Manuel’s Manufacturing Inc. is planning to purchase an enterprise resource planning (ERP) system. The so
AVprozaik [17]

Answer:

a.              VENDOR A

Year   Cashflow    [email protected]%      PV            Cummulative PV

               $                                 $                    $                    

  0        (380,000)        1       (380,000)      (380,000)  

   1        125,000       0.9091  113,638         (266,362)

   2       125,000       0.8264  103,300       (163,062)

   3        125,000      0.7513    93,913         (69,149)

   4        125,000      0.6830   85,375        16,226

   Discounted payback period

     = 3 years + $69,149/$85,375

     = 3.81 years

          Vendor B

Year   Cashflow    [email protected]%      PV            Cummulative PV

               $                                 $                    $                    

  0        (280,000)        1       (280,000)     (280,000)  

   1        95,000       0.9091  86,365         (193,635)

   2       95,000       0.8264  78,508        (115,127)

   3        95,000      0.7513    71,374         (43,753)

   4        95,000      0.6830   64,885        21,132

   Discounted payback period

     = 3 years + $43,753/$64,885

     = 3.67 years

The ERP should be purchased from vendor 2 because it has a shorter payback period.

Explanation:

In this question, we need to discount the cashflows for each project at 10% for 4 years. Then, we will calculate the cummulative present value by deducting the initial outlay from the cash inflows for each year until the initial outlay is fully recovered.

5 0
2 years ago
Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agre
BabaBlast [244]

Answer: flotation cost percentage = 16.97%

Explanation:

Flotation costs are necessary costs incurred by the company  in the process of issuing shares. Floating costs include costs like underwriters fee, legal fees etc.

underwriters fee = 135000 x $33 x 8.05% = $358627.50

floating costs = 358627.50  + 418000 + 48000 =$ 824627.50

funds raised = 135000 x $36 = $4860000

flotation cost percentage = 824627.50/4860000

flotation cost percentage = 0.16967644 x 100 = 16.97%

5 0
1 year ago
While samantha, a manager at organization abc, was on a business trip out of state, she sent a number of her employees email. sh
NISA [10]
Well she certainly isn't management material. That type of communication needs to be face to face. She neglected to even have the courtesy to let her know the specifics of the poor performances. Either way,you don't deliver this in email. Very unprofessional. I know Email is one way communication. If I were the employee, I wouldn't respond. I'd pack up my stuff and get another job or SERIOUSLY START LOOKING. ADVICE: ALWAYS keep your resume up to date!!!!
6 0
2 years ago
In 2011, women working full-time and year-round earned ___ percent of what their male counterparts earned.
qaws [65]

In 2011, women working full-time and year-round earned 82 percent of what their male counterparts earned.

 

The data can be found in the book Women in the Labor Force: A Databook. <span>This report presents historical and recent labor force and earnings data for women and men from the Current Population Survey (CPS), a national monthly survey of approximately 60,000 households conducted by the U.S. Census Bureau for the U.S. Bureau of Labor Statistics.</span>

7 0
2 years ago
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