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seraphim [82]
3 years ago
8

The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements

in accordance with the applicable financial reporting framework.
Business
1 answer:
Jlenok [28]3 years ago
4 0

Answer:

True

Explanation:

The management of an enterprise has a duty to prepare the result of their operation for each defined period in accordance with the financial reporting standards for the external auditors appointed by the directors to independently verify correctness of the figures with the underlying records.

It must be noted here that in practice, while the management prepare the financial report, the directors are to lay the report before the shareholders in the annual general meeting.

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A parachutist jumps out of an airplane and accelerates with gravity to a maximum velocity of 58.8 m/s in 6.00 seconds. She then
arlik [135]

Answer:

From what height did the parachutist jump?

914 m

Explanation:

v = 58.8 m/s

u = 0 m/s

a = 9.81 m/s^2

t = 6.00 s

v^2 = u^2 + 2as

58.8^2 = 0 + 19.62s

s = 3457.44/19.62 = 176.22m

Upon decelerating after opening parachute;

v = 10 m/s

u = 58.8 m/s

t = 4.00

deceleration =( 58.8 - 10)/4.00 = 12.2 m/s^2

v^2 = u^2 + 2as

100 = 58.8^2 - 24.4s

3357.44/24.4 = s

s = 137.6s

Upon decending at constant velocity

distance = time*velocity = 10.0*60 = 600 m

Initial height = 600 + 137.6 + 176.22 = 913.82 m = 914 m

7 0
3 years ago
On November 1, 2016, Love Company places a new asset into service. The cost of the asset is $90,000 with an estimated 5-year lif
Alla [95]

Answer:

$16,000

Explanation:

The computation of the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($90,000 - $10,000) ÷ (5 years)

= ($80,000) ÷ ( 5 years)  

= $16,000

We simply deduct the salvage value from the original cost and then divide it by its useful life. So, that the depreciation expense would come for the particular year

6 0
3 years ago
Economist C says all of the following: Expansionary fiscal policy is needed to raise aggregate demand and remove the economy fro
Vaselesa [24]

Answer:

The choice of fiscal policy measures is between ___increased_____________ government spending and a ____decrease___________ in taxes. Since I am in favor of bigger government, I choose a(n) ____increase_____________ in ____governmental spending_____________.

Explanation:

Government employ two fiscal measures to drive the economy toward stability.  They are taxation and government expenditure.  Depending on the desired outcome and the prevailing circumstances, an increase in taxation reduces the propensity to consume, thus fueling increased savings and investments.  Increased government expenditure galvanizes the economy to grow and the increased expenditure acts as a stimulus to economic activities.  But fiscal policy measures are not used in isolation.  They are complemented by monetary policies by the Federal Reserve.

6 0
3 years ago
Suppose there are two classes, with 30 students in each class. in both classes, the students are individually playing little pig
gladu [14]
Sorry, I don't get the quiestion.
4 0
3 years ago
Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00,
Sedaia [141]

Answer:

a 1,560 units

b 780 units

c 390 units

d $18,720

e $9,360

Explanation:

Given that;

Production = 292,000

Daily demand , d = 400

Annual demand , D = 400 × 365 = 146,000

Production rate , P = 292,000 ÷ 365 = 800

Set up cost , Cs = $100

Holding cost , Ch = $24

a. What is the production order quantity

= √2 * D * Cs / CH × (p / p - d)

= √ 2 * 146,000 * 100/24 × (800/800-400)

= √1216666.6667 × 2

= √2433333.3334

= 1559.91

=1,560 units approximated.

b. What is the maximum inventory on hand

= EPQ × [ 1 - (d÷p) ]

= 1,560 × [ 1 - (400 ÷ 800) ]

= 1,560 × 0.5

= 780 units

c. What is the average inventory

= Maximum inventory ÷ 2

= 780 ÷ 2

= 390 units

d. What are the total holding costs

= EOQ/2 * Holding cost

= 1,560/2 * 24

= 780 *24

= $18,720

e. What does it cost to manage the inventory

= Holding cost * (Maximum inventory ÷ 2)

= 24 * (780 ÷ 2)

= 24 * 390

= $9,360

8 0
3 years ago
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