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4 years ago

The organization that is primarily responsible for developing GAAP for use by all U.S. companies is the:

Business

1 answer:

victus00 [196]4 years ago

4 0

Answer:

C. FASB

Explanation:

The FASB refers to the Financial Accounting Standards Board that is an independent non profit organization who is responsible for developing accounting and finance related standards for reporting with respect to companies and non profit organization in the United states that followed GAAP

So as per the given situation, the option C is correct

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Which of the following typically have the highest auto insurance premiums?

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Young inexperienced drivers

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A manager is concerned that there isn’t enough time spent on production and too much time spent on setups. The manager decides t

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The impact would be that the average size of the inventory will increase.

If the manager has decided to double the production batch size then the average size of the inventory will also increase.

<h3>What is an inventory? </h3>

In general terms an inventory refers to all the goods, items, products, which are a part of the business organization.
For different industries the inventories have different meanings.
Manufacturing industry: the inventory is not only the finished or the final product but also the raw materials are included.
Service industry: the inventory of the service industry includes the steps involved in the sales of the product.
Raw materials, finished goods, work that is in process etc.. all of this is inventory.
Inventory is an important asset for all businesses and it is important to understand the meaning of it.

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2 years ago

Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces

lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory 10,000

Units Started <u> = 40,000</u>

Units to account for <u>50,000</u>

<em><u>In the Work In Process for Conversion Costs</u></em>

Beginning Work In Process (10,000*20 %) = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started = 40,000

Add Ending Inventory (8000*40%) <u> 3200</u>

Units to account for = <u>51,200</u>

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4 years ago

A ________ involves the introduction of a modified product rather than a totally new product, and has the least disruptive influ

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Answer: Continuous innovation

Explanation: Continuous innovation as the name suggest, means the ongoing process of innovation on a particular product or industry with slight changes in each and every stage.

The minor innovations in the latest technology overtime is called continuous innovation. Automobile and mobile phones sector are industries depicting continuous innovation.

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4 years ago

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Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the united states is 8 milli

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Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.

<h3>Percentage change in the quantity demanded</h3>

Using this formula

Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100

Let plug in the formula

Percentage change in quantity demanded=(12 - 8) / 8

Percentage change in quantity demanded =4/8×100

Percentage change in quantity demanded=50%

Inconclusion the percentage change in the quantity demanded is: 50%.

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2 years ago