Answer: TRUE
Explanation: US GAAP refers to the set of accounting principles and procedures that the accountants must need to follow while preparing the financial statements like balance sheet and income statement.
These rules are made for better presentation and comparison purpose. These standards help the users of financial statements to have better understanding.
Thus, from the above we can conclude that the given statement is true.
Answer:
The correct answer is letter "C": Revenue.
Explanation:
Revenue tariffs are those imposed when a government has the intention of earning a profit from business revenues. This is done with the intention of financing the government's operations to fulfill its objectives but usually has a negative effect on the market price levels.
The answer to this question is :decrease.
When Demand decreases, it suggests that customer now is much less inclined to purchase that certain products.
This unwillingness will began to drives the price down. During this period, Sellers will start to create greater effort to promote the remaining products so they ought to achieve the best possible price possible.
<h3>How does the equilibrium rate exchange when furnish for a accurate will increase or decreases?</h3>
An extend in supply, all other things unchanged, will purpose the equilibrium fee to fall; extent demanded will increase. A decrease in supply will purpose the equilibrium fee to rise; quantity demanded will decrease.
Learn more about equilibrium price here:
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Answer:
The company must sell:
- 13 No. 1 packages
- 6 No. 2 packages
- 17 No. 3 packages
Explanation:
the company currently has 32 motherboards, 18 CPUs, and 90 cases
Package 1 ⇒ IT MUST SELL 13 OF THESE TO SELL ALL THE MOTHERBOARDS LEFT.
2 motherboards x 13 = 25 motherboards sold
3 cases x 13 = 39 cases sold
Package 2 ⇒ IT MUST SELL 6 OF THESE TO SELL ALL ITS CPUs.
1 motherboard x 6 = 6 motherboards sold
3 CPUs x 6 = 18 CPUs sold
Package 3 ⇒ IT MUST SELL 17 OF THESE TO SELL ALL ITS CASES.
3 cases x 17 = 51 cases sold
Answer:
e) 11.3%
Explanation:
Profit margin: Profit margin on sales can be defined as the proportion of earning or income or profit made by the company for each dollar of sales. It is always expressed in percentage (%).Assets: It can be defined as the resources owned by the organization which is capable of providing some future benefits. On the basis of duration of time assets are of two types which are Current Assets and Non-current Assets. Sales: Sale of any goods or services can be made on a cash or credit basis. The amount receivable on sale can either be received immediately in cash or such a payment can be received at some future date. Operating income: It refers to the income from business operations. It is calculated by deducting the fixed cost from contribution margin.
