Which is the preferred method of payment for making a hotel room reservation?

financial accounting standard-setting in the united states A. can be described as a social process which reflects political acti

mash [69]

Answer:

Financial accounting standard-setting in the United States can be described as a social process which reflects political actions of various user groups as well as a product of research and logic.Hence,option A is correct.

Explanation:

The financial accounting standard-setting in the U.S. is heavily rule-based.By rule-based,I mean there is a strong government interest in the way corporations report their financial performance to various stakeholder groups.

Serbanes-Oxley Act is a strong indication that the political class is keeping a tab on the financial reporting framework and results of the various companies operating in the different sectors of the economy.

8 0

4 years ago

Read 2 more answers

Firm H has the opportunity to engage in a transaction that will generate $100,000 cash flow (and taxable income) in year 0. How

Anika [276]

Answer:

The NPV will increase by $5,187 following the restructure of the transaction.

Explanation:

We have the cash outflow due to tax payment as followed:

* Before transaction restructured:

Tax payment of 100,000 * ( 1 - 34%) = $66,000 at the end of Year 0;

=> Present value of this cash outflow is: (66,000) / 1.06 = $(62,264)

* After transaction restructured:

Tax payment at the end of year 1: 50,000 * ( 1 -34%) = $33,000;

Tax payment at the end of year 2: 50,000 * ( 1 -34%) = $33,000.

=> Present value of this cash outflows are: (33,000)/1.06^2 + (33,000)/1.06^3 = $(57,077).

=> Increase in NPV after transaction structured will be equal to the saving in present value of cash out flow = (57,077) - (62,264) = $5,187.

So, the answer is NPV will increase by $5,187.

7 0

3 years ago

The _____ stage of the commander's decision cycle is where the commander and staff make adjustments to the current plan or devel

True [87]

I believe the answer is: Direct

During the direct stage, commander and staff would directly review the plan and put several factors into consideration to judge whether the plan would be succesful or not. (factors could include budget, timing, political situation, etc).

After they put all factors into consideration, they would made several adjustment to the plan according to the situation at hand to improve the success rate of the plan.

4 0

3 years ago

In a business franchise, who develops the product and business systems?

vladimir2022 [97]

Answer:

It depends on the type of business franchise.

In a business format franchise, the franchise will provide the franchisee all of the necessary things for a product + business system like marketing assistance, machines, supplies, etc... An example of this would be a fast food restaurant or a retail store.

In a product distribution franchise, the work is all up to the franchisee. The franchise will provide the logo and the right to sell its product but leaves the rest of the work to the franchisee. An example of this would be a car dealership or a gas station.

6 0

3 years ago

Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

Naily [24]

Answer:

Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable 23,600

Cash 22,892

Dr Merchandise inventory 708

(Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

Dr Sales discount 708

Cr Account receivable 23,600

Explanation:

Preparation of the Journal entry for Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable (25,000-1400) 23,600

Cash (23,600*97%) 22,892

Dr Merchandise inventory 708

(23,600*3%)

Preparation of Journal entry (Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

[(25,000-14000)*97%]

Dr Sales discount 708

[(25,000-14000)*3%]

Cr Account receivable 23,600

8 0

3 years ago