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expeople1 [14]
3 years ago
10

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Business
1 answer:
kompoz [17]3 years ago
7 0

A. Industry Practice - 3

B. FASB Concept Statements - 3

C. Codification - 1

D. Textbooks - 3

E. Authoritative rules and principles for U.S. GAAP for similar transactions - 2

F. International Financial Reporting Standards (IFRS) - 3

G. SEC rules and interpretive releases - 1

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Ten years ago, Stigler Company issued $100 par value preferred stock yielding 6%. The preferred stock is now selling for $102 pe
Alik [6]

Answer:

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

Explanation:

A current yield refers to the annual return that a security provides based on the interest or dividend payments it makes expressed as a percentage of it current price. Thus, the current yield on preferred stock can be calculated as follow,

Current Yield - Preferred stock = Dividend per year / Current price

Dividend per year =  100 * 0.06 = $6 per year

Current Yield = 6 / 102

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

4 0
3 years ago
Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing leve
bazaltina [42]

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

6 0
3 years ago
A company recently lowered its service performance from 99 percent product availability to 97 percent product availability. The
Degger [83]

Answer:

less than $1 million.

Explanation:

According to my research, I can say that based on the information provided within the question this next change is likely to save less than $1 million. We can predict this since the first change saved $1 million but was a reduction of 3%, the second change is a reduction of 2% so it will most likely not reach 1$ million in savings  

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Most job leads are discovered through _______.
mina [271]
The correct answer is A
!
6 0
3 years ago
"suppose that you invest $1,000.00 in stock, which is called your financial asset. one year later, your investment yields $1245.
Radda [10]
Hey there, Jessebear644!

Your return is $245 since you initially invested $1000 and got those $1000 back plus $245
Also, the rate shall be equal to +124.5% per year or 1.245 in decimal.
"How did you find that percentage?"
You just divide the new price, or new value, by the old price, or old value.
So, $1245 / $1000 = 1.245
We multiply that decimal by 100 to find the percentage.
I hope this helps.

Thank you for using Brainly.
See you soon!
6 0
3 years ago
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