A. its a tailpor made for each job
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
brainly.com/question/20757640
#SPJ4
Answer:
The answer is: consumer market
Explanation:
Consumer market refers to the people that buy products and services for their own personal use, or as a gift to other person (that would be the user of the product or service). Consumer market doesn't include people that buy products to resell them to other customers.
Answer:
11.25 minutes
Explanation:
Total Time taken for 8 quilts:
= Time taken for 8 quilts + Break + Cleaning and setting up their sewing machines
= 60 minutes + 20 minutes + 10 minutes
= 90 minutes
Time taken for 1 quilts:
= Total Time taken for 8 quilts ÷ No. of quilts
= 90 minutes ÷ 8 quilts
= 11.25 minutes
Standard quantity of direct labor for one quilt is 11.25 minutes = 0.1875 hour.
Answer:
c. credit card bill
Explanation:
A credit card bill is a liability. It is a debt owned by the business to be paid within an accounting period. A credit card reflects authorization by the credit card company of a line of credit for the buyer with predetermined interest rates and payment terms- hence the term credit card. Most companies waive interest charges on the line of credit if the buyer pays its balance in full each month.
Once a credit is established with a credit card company or bank, the customer does not have to open an account with each store . Customers using these credit cards can make single monthly payments to different creditors and can defer their payments.
<em><u>Deffered payments </u></em> are a liability for a customer and need to be paid within the accounting period.