Answer:
Explanation:
the picture attached below shows the full explanation for the problem. I hope it helps
Answer:
$170
Explanation:
Since Kelly withdrew $1000, he lost the potential $30 he could've earned in interest. Also, when he borrowed $2000, the interest rate of 7% was $140. So, the implicit+explicit cost is 140 + 30 = $170.
Answer:
The options are given below:
A. By obtaining the most recent letter of credit from the entity's primary financial institution.
B. By consulting the AICPA guides, industry publications, or individuals knowledgeable about the industry.
C. By researching the entity's internet site and searching for current press releases.
D. By reviewing the predecessor accountant's work papers without the knowledge of the entity.
The correct option is B.
Explanation:
The AICPA (American Institute of Certified Public Accountants) refers to the association which develops and scores the Uniform Certified Public Accountants examination. The main purpose of the AICPA is financial accounting, therefore, the association will possess information about an industry in its guides.
The accountant can consult industry publications, as this is bound to possess information regarding the industry. Also, the accountant can consult individuals knowledgeable about the industry.
Answer:
b. supply curve for diamond rings will shift right, which will create a surplus at the current price. Price will decrease, which will increase quantity demanded and decrease quantity supplied. The new market equilibrium will be at a lower price and higher quantity
Explanation:
This question isn't complete. The full question can be found here: https://www.chegg.com/homework-help/questions-and-answers/market-diamond-rings-closely-linked-market-high-quality-diamonds-large-quantity-high-quali-q34930995
High-quality diamonds are an input used in the production of diamond rings. If the supply of high quality diamonds increases, it implies that the production of diamond rings would increase. As a result of the increased production, the supply curve would shift to the right. This would lead to an excess of supply over demand known as a surplus. This would cause equilibrium price to fall and quantity to rise.
I hope my answer helps you
Answer:
D (The effect of a change on any financial statement line items affected for all periods reported.)
Explanation:
Any change in the financial system should include all other 3 explanations. It should also include a cumulative effect of the change but it would not include change to every financial line and every statement.
As they only needs to adjust the cumulative effect.
