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serg [7]
4 years ago
9

For external reporting purposes, U.S. GAAP allows companies to use:

Business
1 answer:
Advocard [28]4 years ago
7 0

Answer:

For external reporting purposes US GAAP allows companies to use

The variable costing format.

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Tracy stopped by a vending machine at 10:00 a.m. Even though she wanted to get a soda, she thought it was too early for that, an
Tpy6a [65]

The purchase is based on the temporal effect and this comes under understanding the behavior of the consumer

Explanation:

Understanding the behavior of the consumer is also important because it depends upon each and individual consumer and the temporal effect includes at which time of the day the consumer is willing to take the item

Depending upon the climatic conditions the consumer can make his or her choice in this statement the purchase is made at the morning so the decision is made based on the temperature

5 0
4 years ago
Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-o
kvv77 [185]

Answer:

22.50%

Explanation:

Amount of return on asset = Rate of return * Asset value

Amount of return on asset = 15% * $150 million

Amount of return on asset = $22.5 million

Operating profit margin = Amount of return on asset / Sales

Operating profit margin = $22.5 million / $100 million

Operating profit margin = 0.225

Operating profit margin = 22.50%

8 0
3 years ago
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore,
anzhelika [568]

The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.

<h3>What do you mean by monetary policy?</h3>

Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.

The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.

Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.

Learn more about Monetary policy here:

brainly.com/question/3817564

#SPJ1

8 0
3 years ago
A donor gave equipment valued at $60,000 at the beginning of 2017 to a private not-for-profit organization. The equipment had a
tiny-mole [99]

Answer:

Usually the nonprofit organization should report the value of the donated asset as the difference between the price when donated minus depreciation: $60,000 - $6,000 = $54,000.

But nonprofit organization can choose to recognize only a part of the donation each year as long as they use the asset. This recognized part is usually equivalent to the depreciation cost, so the value of the asset at the end of the year will always be 0. They do this to show smaller balances in order to try to attract more donations. It is always harder for wealthy nonprofit organizations to get more donations, so be having 0 assets donated, they pretend to be "poorer".

4 0
4 years ago
A company incurred the following costs: Selling and administrative expenses: $45,000; Direct materials: $15,000; Income tax expe
Westkost [7]

Answer:

$50,000

Explanation:

<em>Manufacturing cost is sum of direct material plus direct labour and manufacturing overhead</em>

Direct material is the cost of all materials directly consumed for production purpose.

Direct labour is the cost of labour hours used for directly for production purpose

Manufacturing cost = 15,000+30,000 + 5000

                              =$50,000

5 0
3 years ago
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