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

Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependenc

Nataly_w [17]

Answer:

d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

Explanation:

Competitive dynamics refers to the ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

This ultimately implies that, competitive dynamics comprises of various competitive actions or activities that a particular company or business firm engages so as to have a competitive advantage over its competitors in the same industry or market. Thus, it avails a business the opportunity to have a better market-share over rival firms.

6 0

3 years ago

The FDA recommends the use of three risk designations when evaluating operations. Which designation is for actions and procedure

kykrilka [37]

Answer: Priority item.

Explanation:

I believe there should be options here but PRIORITY ITEM should be the answer anyway.

Priority items are the most critical items. They refer to a provision in the 2009 FDA FOOD CODE which when applied contribute directly to the hazards of foodborne illness or injury being eliminated, prevented or reduced to an acceptable level.

They include actions such as cooking, reheating and handwashing.

3 0

3 years ago

In handling the ethics problem in his class, Professor Quinn acted as an ethical leader by supporting and enforcing the ethical

BaLLatris [955]

Answer:

The correct answers are letters "B" and "D": Punishing the entire class when an ethical violation occurred; Providing ethics training only to students who admitted to cheating.

Explanation:

By punishing the entire class when an ethical violation occurred, Professor Quinn is not acting objectively. In such cases, only the students at fault should be punished for their actions. If the rest of the students acted ethically there is no reason for them to be punished. In remorse, those students could start to act unethically since they know even acting correctly they will be punished anyway.

Besides, providing ethics training only to students is inappropriate. The unethical action must serve as an example for all students in a class as an act that must not be replicated. Thus, all of them should be instructed on what to do to avoid such situations.

7 0

3 years ago

University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developi

8_murik_8 [283]

Answer: a. $600 Maintenance costs to Printing

$1,800 Maintenance costs to Developing

b. $2,480 Personnel costs to Printing

$9,920 Personnel costs to Developing

Explanation:

The Direct method as mentioned, allocates the service department costs to the Operating Departments.

Overheads from the Service Departments will not be allocated to the each other. In other words, Maintenance costs will not be allocated to Personnel and Vice Versa.

a. Allocating Maintenance Costs

Maintenance Cost is $2,400 which is to be allocated on the basis is machine hours.

Printing had 1,700 in Machine hours.

Their allocation is,

= 1,700 / ( total machine hours in the two operating Department) * $2,400

= 1,700 / (1,700 + 5,100) * 2,400

= 1,700 / 6,800 * 2,400

= $600 Maintenance costs to Printing

Developing had 5,100 machine hours

= 5,100 / 6,800 * 2,400

= $1,800 Maintenance costs to Developing

b. Allocating Personnel Costs

Maintenance Cost is $12,400 which is to be allocated on the basis is labour hours.

Printing had 700 in labor hours.

Their allocation is,

= 700 / ( total machine hours in the two operating Department) * $12,400

= 700 / ( 700 + 2,800) * 12,400

= 700 / 3,500 * 12,400

= $2,480 Personnel costs to Printing.

Developing had 2,800 machine hours.

= 2,800 / 3,500 * 12,400

= $9,920 Personnel costs to Developing

3 0

4 years ago

Merchandise with a sales price of $3,500 is sold on account with terms 2/10, n/60. The journal entry to record the sale would in

alexdok [17]

Answer:

debit to Accounts Receivable for $3,500 credit to Sales for $3,430

Explanation:

Merchandise with a sales price of $3,500 is sold on account with terms 2/10, n/60. The journal entry to record the sale would include a debit to Accounts Receivable for $3,500 credit to Sales for $3,430.

Since the goods were sold on account, it means that it was sold on credit and an entry to cash will be a wrong entry. The right Journal entry will be a debit to accounts receivable for the total amount and a credit to sales for the total amount less the proposed discount amount of 2%

6 0

4 years ago

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