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3 years ago

A characteristic of generally accepted accounting principles includes:

Business

1 answer:

77julia77 [94]3 years ago

4 0

Answer:

The correct answer is letter "C": a common set of standards and principles.

Explanation:

The Generally Accepted Accounting Principles (GAAP) are a compilation of official rules, standards, and procedures to be used by publicly traded companies to prepare their financial statements. GAAP standards define how businesses record and report their financial data, and are used in accounting practices to ensure consistency and precision.

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aaron is earning 5% interest on his savings account. he starts with $5,000.00. how much money will he have in 6 months?

Anvisha [2.4K]

Answer:

I think the answer is $1,500.

Explanation:

I hope this helps. If the answer is wrong then sorry and you don't have to give me the points. In here I think I did the calculation wrong.

7 0

2 years ago

During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h

bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

Population grew by 4%

GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0

2 years ago

The current sections of Culver Corporation's balance sheets at December 31, 2021 and 2022, are presented here. Culver Corporatio

natta225 [31]

Answer:

Net Cash Provided by Operating Activities is $286,000

Explanation:

Culver Corporation's

Partial Statement of Cash flows

For the year ended December 31, 2022

Cash Flow from Operating Activities

Net Income $229,500

Adjustment to reconcile net income to

net cash provided by operating activities

Depreciation Expenses $40,500

(Non-cash expense)

Decrease in Accounts Receivables $13,500

(133,500 - 120,000)

Decrease in Inventory $6,000

(258,000 - 252,000)

Increase in Prepaid Expenses -$7,500

(33,000 - 40,500)

Increase in Accrued Expenses Payable $15,000

(22,500 - 7,500)

Decrease in Accounts Payable -$10,500 $57,000

(127,500 - 138,000)

Net Cash Provided by Operating Activities $286,000

4 0

3 years ago

On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil

Dafna1 [17]

Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

Comprehensive income = Cash dividend + Unrealized holding gain

= $11,800 + $31,800

= $32,980

Comprehensive income includes net profit and other complete or compression profits.

Net revenue involves operating and non-operating income, net of expenses . Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.

So in this question we considered the dividend and unrealized holding gain as an comprehensive income

5 0

2 years ago

The owners of Old School Brand Authentic Antique Foods researched Civil War records to come up with recipes used for the old-fas

andreyandreev [35.5K]

Answer:

Product

Explanation:

Marketing mix involves four elements

a. product

b. price

c. place

d. promotion

The statement given indicates that the recipe of cookies focuses on the product element of marketing mix.

6 0

3 years ago