Answer:
A. Is the same as convergence of accounting standards
Explanation:
Harmonization of accounting standards mean the process of increasing the compatibility of accounting practices by setting bounds for the degree of variations.
The notion of harmonization can be replaced by the concept of convergence.
Harmonization of international accounting standards is an imposition of standards by economically superior countries.
Answer:
Question
Majka Company was started on January 1, Year 1 when it acquired $50,000 from the sale of common stock. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200, and (3) paid a $1,500 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
Required:
a. Record the effects of each accounting event under the appropriate account headings.
b. Prepare an income statement dated December 31, Year 1, for Majka Company.
c. Prepare a statement of changes in stockholders’ equity dated December 31, Year 1, for Majka Company.
d. Prepare a balance sheet dated December 31, Year 1, for Majka Company.
Explanation:
Answer:
d. Market A will have a higher price than market B
Explanation:
As we know that in the non elastic market, the seller could charge the high price while on the other hand in the elastic market it can charge a smaller price
as if there is an inelastic demand than it would leads to 1% rise in price that decrease the quantity demanded by smaller than 1%. Also if the price increased the total revenue also rises
And if there is an elastic demand than it would leads to 1% rise in price that decrease the quantity demanded by more than 1% and the price increased the total revenue is decreased
As it is given that the Market A contains more inelastic demand than market B so the seller charged a high price in market A than in Market B
Hence, the last option is correct
Answer:
The answer is "17,856.7431"
Explanation:
Payment (P)
Amount of finance (A)
N(number of payments)
i= interest rate per month
Answer: C. The ability to learn a concept and then appropriately apply the knowledge in another setting to achieve a higher level of understanding
Explanation:
Data literacy is the ability to read, work with, analyze, and argue with data.
It is, however, not similar to the ability to read the text since it requires certain skills involving reading and understanding data.
Employability skills are core skills and traits needed in nearly every job. They are soft skills that allow you to work well with others, apply knowledge to solve problems and fit into any work environment. They also include the professional skills that enable you to be successful in the workplace.