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ki77a [65]
3 years ago
10

Primecoat Corporation could disseminate its annual financial statements two days earlier if it shifted substantial human resourc

es from other operations to the annual report project. Management decided the value of the earlier report was not worth the added commitment of resources. The concept demonstrated is: Multiple Choice
1. Timeliness.
2. Materiality.
3. Relevance.
4. Cost-effectiveness.
Business
1 answer:
Anit [1.1K]3 years ago
6 0

Answer: Cost Effectiveness.

Explanation:

Primecoat Corporations is trying to save cost on preparing their annual financial statement. The Corporation is Cost effective in the use of manpower to prepare the financial statement. Cost Effectiveness involves achieving a high output at a little input cost.

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Ivanhoe Corporation issued $468,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023
max2010maxim [7]

Answer:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

Explanation:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

(Accrued Interest = 468,000 x 6% x 4/12)

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

(Bond interest expense = $468,000 x 6% x 6/12)

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

6 0
3 years ago
Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is th
Anuta_ua [19.1K]

Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

5 0
3 years ago
Many of the subdivisions of the cpt in which cardiovascular codes are found contain specific notes and guidelines. additional pa
AnnyKZ [126]
It is very important to pay attention to these notes because, it is the notes that will indicate when the use of the combination code is appropriate and it will also point out the codes that are combined into one combination code.
7 0
3 years ago
Sam, the CEO of a product development company, is planning to implement an ERP system in his company. However, most of his colle
julia-pushkina [17]

Answer:

once in place,  the ERP can dramatically enhance operational efficiencies and reduce costs.

Explanation:

Based on the scenario being described within the question it can be said that Sam should still go ahead with the implementation because once in place,  the ERP can dramatically enhance operational efficiencies and reduce costs. Therefore seeing as the main goal of every product development company is to output as much product as efficiently as possible and at very low costs then it is worth implementing this system.

5 0
3 years ago
Read 2 more answers
Assume an indifference map with other goods on the vertical axis and health on the horizontal axis. The government provides fami
Savatey [412]

Answer:

C. have a zero slope up to $400 and then have a negative slope.

Explanation:

Here in the attached diagram

H denotes the individual income

H = Services of the healthcare

G = Other goods

As it can be seen that the ABC is the budget line and the budget line is horizontal till $400 i.e. zero slope and afterwards it would be downward sloping i.e. negative slope

In the case when the income is fully spend on the other goods so an individual after that can consume $400 due to which the budget line could be horizontal and become parallel to the axis

Therefore the correct option is C.

6 0
2 years ago
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