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Sergio039 [100]
3 years ago
7

Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the di

sclosure requirements. True or false?
Business
1 answer:
Anuta_ua [19.1K]3 years ago
5 0

Answer:

False

Explanation:

US GAAP requires companies to comply with all their standards and interpretations, and all their disclosure requirements also. Therefore, any company claiming to comply with US GAAP must comply with all the standards and disclosure requirements, not only the once they choose or like.

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Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
4 years ago
Read 2 more answers
The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on th
IRINA_888 [86]

Answer: Point B

If the demand increases suddenly because of a non-price determinant of demand, equilibrium point will shift to point B. At point B, the demand for mangoes increased from 4000 to 5000 pounds, and the price increased as well, from $5 to $6.

4 0
3 years ago
Read 2 more answers
"At Artistic Floral Creations, the non-managerial employees all receive the same pay increase every year. Usually this increase
vladimir1956 [14]

Answer:

Artistic Floral Creations has a entitlement philosophy of compensation.

Explanation:

A compensation philosophy is simply refers to a formal statement which documents a company's position about the compensation of its employees.

It is an explanation of the reason for employee payment and it creates a framework for consistency. Employers use their compensation philosophy to attract, retain and motivate employees

Entitlement philosophy of compensation therefore assumes that the employees who have worked for another year in a company are entitled to pay increases, regardless of their performance differences. This action is often geared towards a higher job performance, and job satisfaction.

5 0
4 years ago
Read 2 more answers
What is a stock index
hichkok12 [17]

Answer:the answer is a market index is a measurement of sections of the stock market

Explanation:

It is computed from the price of selection stock it is a tool used by investors and financial managers to describe the market and to compare the return on specific Investments

4 0
3 years ago
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you texpect to receive a payout from a trust fund in 3 years. The payout will be for $11000. You plan to invest the money at an
MrMuchimi

Answer:

11.68 years

Explanation:

For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:

Given that,  

Present value = $11,000

Future value = $19,000

Rate of interest = 6.5%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years is 8.68

Now after 3 years, it would be

= 8.68 + 3

= 11.68 years

3 0
4 years ago
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