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castortr0y [4]
3 years ago
15

Generally accepted accounting principles require that the inventory of a company be reported at:

Business
1 answer:
Nookie1986 [14]3 years ago
3 0

Answer:

Historical Cost, Market or Fair Value.

Explanation:

Companies are required under GAAP to report their account based on acquisition cost instead of Market or Fair value. This principle is believed to present more reliable information as market value could harbour subjective or biased market values. However, it is also regarded as irrelevant, prompting most firms to report at market value. Under the GAAP, both principles are allowed.

You might be interested in
Which of the following is a result of over-diversification through acquisition? Select one:
Aleksandr-060686 [28]

Answer:

3) Corporations use acquisition as a substitute for innovation.

Explanation:

The fastest way in which a corporation can enter a new market or develop new products is through buying existing companies that already operate in the new target markets or have developed the new products that the corporation wishes to sell.

Research and development is very costly and time consuming, and on many occasions the results aren't even good or are not as good as expected. By acquiring a smaller company that has already developed the product, then the corporation might even save money.  

6 0
3 years ago
An investigation of the safety issues with the Chevrolet Cobalt car blamed GM’s company culture in part. Mary Barra, the CEO, de
ankoles [38]

Answer:

social loafing

Explanation:

Social loafing refers to a psychological phenomenon where people who participate in teams will not try their best in order to achieve the team's goals because he/she believes that other team members will do it, and they will either solve the problem or perform the required task. That way they will benefit from other people's work.

This is not something that only happens in businesses, we all have a classmate that doesn't participate in group assignments because he/she knows that the others will complete it and everyone will be graded equally based on the group's performance.

8 0
3 years ago
Match the academic requirements with the careers :
Vedmedyk [2.9K]

Answer:

a. Equal opportunity officer-Bachelors degree

b. Court reporter- Tech program

c. Security officer-High school diploma

Explanation:

a. Equal opportunity officer

An equal opportunity officer have the responsibility of formulating and ensuring policies that are not discriminatory and are in line with the best practice at the workplace. As the name suggests, they basically use policies that offer equal opportunity to all individuals without discrimination based on age, sex, religion and race. The following are typical duties and responsibilities of an equal opportunity officer;

1. They support and maintain legislation against workplace discrimination.

2. Offer advice to staff regarding equal opportunity practice at the workplace.

3. They work with other organizations that are also involved in equal opportunities.

4. They make sure that when there is a promotional opportunity, it is handled fairly.

5. Training courses regarding equal opportunities are designed and led by equal opportunity officers.

The minimum academic qualifications for becoming and equal opportunity officer is a Bachelors degree.

b. Court reporter

Court reporters are charged with the responsibility of transcribing oral information during a court session. They are also known as stenographers or steno-type operators. Some court reporters also offer real-time video-captioning for television proceedings. The y have the following duties;

1. Upon the judge's request, the court reporter can play back a portion or all of the proceedings.

2. Make written transcripts during court events

3. They can also request speakers to repeat inaudible speech or statements

4. Once the transcripts are written they also review them for typing errors.

Court reporting is a hands on career that needs a lot of training in typing and listening. The academic qualifications usually considered here is a Tech program where aspiring candidates are trained on how to be an effective court reporter.

c. Security officer

A security officer are trained officers whose main duty is in the protection of lives and property. They do this through strategies such as patrolling, monitoring and reporting. Security officers have to be vigilant and of high sense of integrity. Security officers have the following duties and responsibilities;

1. Monitoring to ensure that everything and everyone is safe.

2. Sounding alarms to alert others.

3. Reporting to higher authorities to prevent damages and losses.

4. Ensures security in building premises by patrolling the premises.

A security officer is an entry-level career that mostly requires a high school diploma.

4 0
3 years ago
Textbooks, transportation and room and board are all...
Alex777 [14]

Answer:

b. additional costs for attending a college or university.

Explanation:

Textbooks, transportation and room and board are additional costs for attending a college or university.

They aren't included as part of tuition costs.

They are the real costs of attending college.

These costs needs to be considered when choosing a college.

I hope my answer helps you

6 0
3 years ago
Rachael can afford a $380-per-month car payment. If she is being offered a 4-
Viktor [21]

Answer:

$16,963.91

Explanation:

380(1 - 1.003^-48)/0.003

= $16,963.91

5 0
3 years ago
Read 2 more answers
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