Answer:
2. Varied- the SEC relies on FASB to develop standards but gives advice and recommendations to the private sector as needed.
Explanation:
The FASB, Financial Accounting Standards Board is an independent non- profit organization, formed in 1973, that is tasked with establishing accounting as well as financial reporting standards for profit and nonprofit organizations in the USA. It also has the authority to interpret generally acceptable accounting principles for private and public companies in preparation of financial reports and presentation of such reports. The SEC like every other organization, relies on the FASB to formulate rules and regulations (standards) for public companies mainly while giving private companies recommendations. The FASB is recognized by state accounting boards such as AICPA (American Institute of Certified Public Accountants) among other accounting boards.
I hope this helps.
Answer:
It is a winning strategy.
Explanation:
As a result of joint venture, after all the ups and downs, the company is in a strong financial position, as company is producing good profits. Also the company has great market position.
Once a great market position, the influence is spread in the market.
Further, in the given instance the company has failed to acquire the manufacturing company individually, but with joint venture, the company has now established connections not only in pharma sector but also in automobiles.
These things affect the company's position and then influence the market, attracting more customers for the product, and more investors for investment.
Therefore, it is a winning strategy.
Answer: True.
Explanation:
Personalized services are services that are flexible in delivery and can change with individual preferences.
Smaller businesses find it easier to render customised services to their customers, because their customers are fewer and they are eager to get more, which makes them to put in extra effort, in satisfying each customer.
Bigger businesses have a larger customers population and has a difficulty most times in totally satisfying their every needs.
The answer to this question is 30/100*$50,000 = $15,000 remains on the balance sheet at the end of the year.
The $ 1200 paid for advertisement is not included in the cost of inventory.
<span>Cost of inventory=cost of inventory+ any other cost needed to get inventory in place of sale.</span>
