1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
3 years ago
6

A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely

be suspicious of the new transaction if: no accounting standard exists that applies to the transaction. management has not explained its business purpose. the transaction is not governed by existing regulations.
Business
1 answer:
slega [8]3 years ago
4 0

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

You might be interested in
Pakistan State Oil - the leading oil marketing company of Pakistan, operated approved funded defined benefit pension schemes sep
mamaluj [8]

The reasons for PSO to switch from DB to DC Scheme are:

  • It has gold standard for pensions.
  • They are more secure.
  • More generous than DC pensions and pay an income that increases along with inflation.

<h3>What are the reasons for a shift?</h3>

The movement from defined benefit (DB) to defined contribution (DC) pension plans is known to be one that has made workers to decide or make choices that may affect their financial resources in terms of retirement.

Therefore,   DC Scheme is more of a benefit to the employees that the company as it tends to lower an employee's taxable income.

Learn more about pensions from

brainly.com/question/10318001

#SPJ1

3 0
1 year ago
Jason is an author who works for a variety of publishing companies. One of them recently informed him that they will no longer b
IrinaVladis [17]

Answer:

Problem focused

Explanation:

A stressor is factor the causes strain or tension for the individual that is experiencing it.

There are different strategies that is used to solve stressful situations: avoidance, emotion-focused, problem-focused, withdrawal.

The problem focused strategy involves efforts aimed at removing or reducing the cause of a stressor.

In the given scenario Jason has financial hardship that results from less need from his services.

He focused on the solving the cause of the problem by contacting the other publishers and accepting additional projects to compensate for the lost income.

4 0
3 years ago
Inventory records for Dunbar Incorporated revealed the following: DateTransactionNumber of UnitsUnit Cost Apr.1Beginning invento
Jet001 [13]

Answer:

$965

Explanation:

Calculation to determine what Ending inventory assuming weighted-average cost would be:

First step is calculate the Weighted-average cost

Weighted-average cost = [(480 x $2.48) + (440 x $2.75)] / (480+440)

Weighted-average cost =1,190.4+1210/920

Weighted-average cost = 2400.4/920

Weighted-average cost =2.6091

Now let determine the Ending inventory

Ending inventory = (920-550) x 2.6091

Ending inventory = 370x 2.6091

Ending inventory =$965

Therefore Ending inventory assuming weighted-average cost would be $965

7 0
2 years ago
Seahorse Incorporated, which only has one product, has provided the following data concerning its most recent month of operation
ra1l [238]

Answer:

Unit product cost = $107

Explanation:

<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rate</em>

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads

Fixed production overhead cost per unit

=Fixed manufacturing overhead/units produced

=  $43,700/ 1,900 Units

=$23 per unit

Full cost per unit

= $42  + $31 + $11 + 23

= $107

7 0
2 years ago
Appliances multiple choice 1 convenience shopping specialty unsought 2. Automobile battery jumpstart services multiple choice 2
max2010maxim [7]

The question wants us to group the types of shopping in to different categories

  • Appliances are: shopping goods
  • Automobile battery jumpstart services are specialty
  • Cemetery plot are unsought goods

What are shopping goods?

They are goods that are more expensive than the convenience goods. They need one to shop for them. Examples are appliances.

<h3>What are specialty goods?</h3>

They are the types of goods that people would refuse to take substitutes for. They search extensively for them.

<h3>What are unsought goods?</h3>

This refers to goods to there are rarely need for people to request for them An example would be funeral services.

Read more on goods here: brainly.com/question/24373500

#SPJ1

5 0
1 year ago
Other questions:
  • You determine that a robot welder is malfunctioning on your assembly line because final inspection has revealed a loose connecti
    13·1 answer
  • Jack Barnes is the CEO of Graphics Prints and Art, Inc. Jack was scheduled to take an important customer on a hunting trip for t
    6·1 answer
  • What is risk pooling???
    14·1 answer
  • The flexible response policy increased the military budget. how do you think this affected the nuclear arms race?
    15·1 answer
  • Suppose selected comparative statement data for the giant bookseller Barnes &amp; Noble are presented here. All balance sheet da
    5·1 answer
  • Discussion Topic
    9·1 answer
  • Which of the following is the best example of a pure service?
    7·1 answer
  • In 2020, Sunland Corporation incurred research and development costs as follows: Materials and equipment $116000 Personnel 13600
    14·1 answer
  • Ok but seriously don't click on the site in the comments...unless you want to
    9·2 answers
  • Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes h
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!