"<span>advent of globalization" The advent of globalization has sparked a trend of entrepreneurs.</span>
Generally accepted government auditing standards define and describe three broad types of audits that may be performed: financial audits, attestation engagements and performance audits.
<h3>What is Government?</h3>
A government is refer as administrative body which helps in the proper functioning of the country by maintaining peace and order by implementing laws and legislation describe in the constitution.
Generally accepted government auditing standards are refers as measures or guidelines provided by the government to calculate the or check the accountability and performance.
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Answer:
Depends on what you define as small business, if you mean a mom and pop pharmaceutical store across the road that keeps the money within the family and has every member of the family working in the shop to create an infinite amount of revenue for themselves until they hit a profit, then sure. They contribute tax dollars to the community through supplying jobs and creating cheaper cost for locals, which gives incentive to buy more in bulk and thus creating more tax dollars. Unless you are talking about the man in the apartment building who makes home grade meals and sells them cheap to his community, then no. While he is contributing tax dollars all those dollars aren't going back into the community until he buys something with that money, and the people who spent that money just got a tax free meal that 't go into the community didn't.
Explanation:
Answer:
You should produce as long as the marginal cost per additional box is lower than the marginal revenue obtained by the additional box.
In other words, if the marginal cost of producing the 101th box is lower than $1.75, then, you should continue to produce, because revenue will be higher than cost, and a profit will be made as a result.
Answer:
The Final Step is 'post to a trial balance so financial statements can be prepared'
Explanation:
The accounting cycle has, in most theory analysis, 8 steps that will serve to record and process all financial transactions of a company, beginning at the transactions itself and ending at resetting the balance so a new cycle can begin. The steps are:
1) The occurrence of Financial Transactions
2) The record of those transactions in the company journal
3) The summary of all journal’s transactions in the general ledger
4) The calculation of a total balance for all accounts
5) The corrections of error in balances by the bookkeeper
6) The posting of adjustments in all accounts
7) The manufacture of financial statements using the correct balances
8) The close of revenue and expense accounts to open a new cycle
