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zysi [14]
1 year ago
9

According to gasb concepts statement no. 1, what are the three groups of primary users of external state and local governmental

financial reports?
Business
1 answer:
Lera25 [3.4K]1 year ago
5 0

The three groups of primary users of external state and local governmental financial reports are The citizenry, legislative and oversight bodies, and investors and creditors

GASB Concepts Statement No. 1

This Concepts Statement is one of a series issued or will be issued by the GASB. The purpose of Concept Statements is to create a conceptual framework of interrelated objectives and fundamental concepts that can be used to generate consistent accounting and financial reporting standards.

The demands of people who utilize governmental financial reports and the features of the state and local governmental operational environment both have an impact on the aims of governmental financial reporting.

Governmental and commercial operations are the two categories into which the activities of governmental bodies have historically been split.

To learn more about GASB Concepts Statement No. 1

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Divisions M and T are two profit centers of a large, diversified and decentralized firm. Division M has a capacity to make 800,0
dalvyx [7]

Answer:

Option(c) is the correct answer to the given question .

Explanation:

The minimum transfer price is  the marginal cost of making one item.or we can say that The net price covers direct labor, direct inventory and direct operating costs but avoids the expenditures cost that would be sustained by the distribution hub .

  • The minimum transfer price is equal to the variable cost So in the given question $90 is the variable cost from M to T therefore the minimum transfer price from M to T is $90 So that shareholder value is maximized.
  • All the other option will not give the shareholder value  maximization that's why they are incorrect option .
4 0
3 years ago
After hearing an announcement made by a major soft-drink company, the APCS Soft Drink Company has decided to hire you to write a
Colt1911 [192]

Answer:

Yes

Explanation:

Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.

6 0
3 years ago
a senior manager from the business unit most affected by a project and who ensures the project will indeed meet the needs of his
Naily [24]

The above statement is true. The project sponsor is a senior manager from the business unit most affected by a project who assures the project will fulfill the needs of his or her firm.

  • The project sponsor is in charge of the project's overall success, which includes selecting the project manager and team, establishing success parameters, and guaranteeing the project's timely completion.
  • Executive sponsor is a position in project management, typically held by the project board's most senior member and frequently its chair. A top executive at a company who is accountable to the company for the project's success will serve as the project sponsor.
  • Members of senior management who support projects and have a significant amount of influence and power are known as project sponsors. The names of project sponsors vary frequently, including those of product sponsors, project directors, account managers, and business unit managers.

Thus this is definition of project sponsor.

To learn more about project sponsor, refer: brainly.com/question/28387041

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3 0
1 year ago
8.2 briefly describe the planning process. be sure to include summaries of the strategic, operating, and financial plans. 8.7 wh
stellarik [79]

Planning process can be dined as the process to plan for future that aids in the organisational success of the organization or within the healthcare market.

The process of carrying out our future plans of action in order to contribute to organisational success is known as planning. The fundamental beliefs that serve to define and establish the organization's basis are represented by its strategic organisational values.

The road map that carries out the organisational strategic strategy includes operating plans. It includes all of the guidelines required to achieve all goals. It includes advice on how to carry out a task successfully. The five-year plan is regarded as the financial plan. It focuses on the organization's overall financial health, investments, and funding. It gives a general summary of the company.

To know more about planning, refer to the following link:

brainly.com/question/24864915

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3 0
2 years ago
Under what circumstance would a country have a comparative advantage in
o-na [289]
B) it has a more high
3 0
3 years ago
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