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Bess [88]
3 years ago
9

Allowing firms to estimate rather than physically count inventory at interim (quarterly)periods is an example of a trade-off bet

ween___________.
a. verifiability and faithful representation.b. faithful representation and comparability.c. timeliness and verifiability.d. neutrality and consistency.
Business
1 answer:
Rus_ich [418]3 years ago
4 0

Answer:

The correct answer is (c)

Explanation:

The inventory management is an important task to avoid shortages against the demand. The physical count of inventory is hard and time taking which is why companies usually estimate the inventory rather than spending time to count it. This is the perfect example of a trade-off between timeliness and verifiability. It is a good trade-off because companies usually know the inventory levels.

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The Reynolds Corporation buys from its suppliers on terms of 3/13, net 35. Reynolds has not been utilizing the discounts offered
grin007 [14]

Answer:

Explanation:

A)

cost of not taking a cash discount = (1+3/(100-3))^(360/(35-13)) -1

cost of not taking a cash discount = 66.5%

B)

Effective rate of interest if the company borrows from the bank = (17/(100-12))

Effective rate of interest if the company borrows from the bank = 19.3%

3 0
3 years ago
Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current
AlekseyPX

Answer: $‭412,600‬

Explanation:

AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings

Increase in Assets

= 5,000,000 *  15%

= $750,000

Increase in Liabilities

Only use Accruals and Accounts Payable

= (450,000 + 450,000) * 15%

= $135,000

Additional to Retained Earnings

= After tax Profit

= 9,200,000 * 4%

= $368,000

Addition to retained earnings = 368,000 * ( 1 - payout ratio)

= 368,000 * ( 1 - 45%)

= $202,400‬

Additional Funds Needed (AFN) = 750,000 - 135,000 - 202,400

= $‭412,600

8 0
4 years ago
Equilibrium income is that level of income:______. a. which an economy is capable of producing without generating accelerating i
Phoenix [80]

Answer:

The correct answer is: c. toward which the economy gravitates in the short-run.

Explanation:

In the economic context, the Short Term is a period in which an economy does not have enough time to change its fixed expenses in order to reach new levels of profitability or production, so it must be limited to changes in variable costs. It is worth mentioning that the Short Term is not a defined period of time, but depends on each company, industry or economic variable.

One of the most important bases of the meaning of Short Term is that companies have fixed and variable costs. For example, some common expenses, wages and prices are fixed costs, so they cannot change to freedom to reach a new equilibrium.

3 0
3 years ago
A loyalty program is: a. a program that rewards suppliers when delivery of products and services exceeds expectations. b. an ana
Ray Of Light [21]
<h2>A reward system for customers based on the amount of business they do with your business.</h2>

Explanation:

A loyalty program is organized once again to promote business and to get in touch with the effective customer to keep up business. Only selected customers who are keeping the business on will be invited.

Option A: Rewards are not for suppliers, it is for customer

Option B: It is not analysis. It is basically to appreciate customer based on the analysis

Option C: The right answer as explained above

Option D: This is closely related to product promotion but missing the attribute of "appreciating customers".

7 0
3 years ago
which is an implied power of the federal government? raising taxesregulating tradedrafting soldiersdeclaring war
mars1129 [50]

Drafting soldiers is an implied power of the federal government.

According to Article I, Congress has the authority to make provisions for the general welfare and common defense of the United States. However, the establishment of a forced draft for enlistment in the military is an implicit power that has been exercised at various points in American history, from the Civil War until 1973.

Another well-known example of implied powers is the ability to form an army through a draft. For instance, the Constitution does not expressly permit the use of a draft prior to America's participation in World War II.

The ability to declare war, provide for and maintain a Navy, create and fund Armies, and equip, direct, and summon a militia all fall under the purview of Congress.

To learn more about Constitution refer to:

brainly.com/question/19411179

#SPJ4

7 0
2 years ago
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