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MAVERICK [17]
3 years ago
9

In discussing Americans as global citizens, Keith Reinhard from the nonprofit group Business for Diplomatic Action said, "Global

ly, Americans are viewed by the world as quiet humanitarians striving for equality and accord." True or false?
Business
1 answer:
Molodets [167]3 years ago
3 0

The Given statement " In discussing Americans as global citizens, Keith Reinhard from the nonprofit group Business for Diplomatic Action said, "Globally, Americans are viewed by the world as quiet humanitarians striving for equality and accord " is FALSE

Explanation:

Americans are regarded internationally as high-profile, self-absorbed and loud people, "said Keith Reinhard, a former head of DDB Internationally advertising company who aims to remedy this with a non-profit company called Business for Diplomatic Change.

Keith Reinhard is the emeritus Chairman of DDB Weltwide, one of the largest and most ambitious networks of advertising agencies in the world with 206 branches in 96 countries.

We're seen as arrogant, self-absorbed, and loud

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primary authoritative body for determining the measurement focus and basis of accounting standards for governmental fund operati
wlad13 [49]

Answer: Governmental accounting standards board (GASB)

Explanation: GASB is a non governmental organization that helps to develop generally accepted accounting principles for Government (Federal, states and Local).

It was established in the year 1984, it operates an independent, transparent and participatory system with all stakeholders adequately involved in the discharge of its responsibilities. GASB is funded through the accounting supports that it renders to both the brokers and dealers who buy and sell municipal bonds. This supports attracts a certain amount of money which is utilized to run its operations.

5 0
4 years ago
An equity security ________.
SVETLANKA909090 [29]

Answer:

A. Represents stock ownership in another company and sometimes pays dividends.

4 0
3 years ago
2/31/2020: During 2020, $10,000 in accounts receivable were written off. At the end of the second year of operations, Yolandi Co
Artyom0805 [142]

Answer:

$395,000

Explanation:

Bad Debt expense:

= 1.5% of sales will be uncollectible

= 1.5% × $1,000,000

= 0.015 × $1,000,000

= $15,000

Allowance for Doubtful accounts:

= Bad Debt expense - accounts receivable written off

= $15,000 - $10,000

= $5,000

Net realizable value:

= Accounts receivable - Allowance for Doubtful accounts

= $400,000 - $5,000

= $395,000

6 0
3 years ago
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a
Reika [66]

Answer:

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

Explanation:

The total cost incurred by Pharoah with the Mega Tax software is given by the fixed cost of $486, referring to the annual fees, added to the cost per tax return of $11 multiplied by the volume of returns filed (n):

C= \$486+(\$11*n)

i. if 316 returns are filed?  (n = 316)

C= \$486+(\$11*316)\\C=\$3,962

ii. If 408 returns are filed?  (n = 408)

C= \$486+(\$11*408)\\C=\$4,974

iii. If 524 returns are filed? (n = 524)

C= \$486+(\$11*524)\\C=\$6,250

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

6 0
3 years ago
Allison wants to automate one of its production processes. The new equipment will cost $90,000. In addition, Jupiter will incur
Alexus [3.1K]

Answer:

Jupiter Ltd.

A. The discounted payback period is:

= 3.2 years

B. The accrual accounting rate of return for the investment is:

= 57.79%

Explanation:

a) Data and Calculations:

Cost of new equipment = $90,000

Additional costs:

Installation     $5,000

Testing             4,500            9,500

Total cost of new equip.   $99,500

Rate of return = 9%

Savings:

Salvage value, $12,000 discounted by 0.650 =             $7,800

Annual estimated cash savings, $29,000 by 3.890 = $112,810

Total savings = $120,610

Annual equivalent savings = $31,005 ($120,610/3.890)

Discounted payback period = $99,500/$31,005 = 3.2 years

The returns from the investment:

Salvage value =  $12,000

Cash savings =   145,000

Total savings = $157,000

Initial investment 99,500

Returns =           $57,500

Accrual accounting rate of return = $57,500/$99,500 * 100 = 57.79%

8 0
3 years ago
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