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frozen [14]
3 years ago
6

The FASB has the authority to establish accounting and financial reporting standards for which of the following? a) both answers

are true b) neither answer is true c) private not-for-profits d) commercial businesses
Business
1 answer:
kipiarov [429]3 years ago
6 0

Answer:

c) private not-for-profits

Explanation:

The FASB is an independent non-profit organization whose responsibility involves establishing and implementing accounting and reporting standards in the US.  The Generally Accepted Accounting Principles (GAAP) guides  FASB or Financial Accounting and Standards Board in fulfilling its mandate.

The FASB has the authority to interpret the GAAP  for all organizations, including private and public companies, as well as profit and non-profit institutions. FASB set accounting rules and regulations to ensure standards and uniformity in the accounting industry.

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A store puts everything on sale for 20% off. If the sales tax is 8%, what percent of the original marked price is the final cost
iogann1982 [59]

Answer:

86.4%

Explanation:

the original marked price is m

then with a sales discount of 20%

the (pre-sales tax) sale price is 100%−20%=80% of 

The post-sales tax price is the pre-sales tax price plus 8%,

that is the post-sales tax price is 108%=1.08 of the pre-sales tax price.

Therefore the final cost (i.e. the post-tax price) is

4 0
2 years ago
what is the term for a group of project activities that are assigned to a single organizational unit?
ElenaW [278]
Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer.
5 0
2 years ago
An economics student makes the following​ statement: ​"It's easy to understand why the aggregate demand curve is downward​ slopi
Luda [366]

Answer:

The aggregate demand curve is downward sloping because when the general level of price rise; the real wealth of consumers will decline (with a certain amount of money you end up buying less goods), the interest rates will increase (as inflation increases, interest rates also increase), and the price of exported goods increases (as the general price of goods increase, the production of goods will also become more expensive).

3 0
3 years ago
Bob’s employer covers 23% of his family’s annual health insurance premium. The balance of the premium is deducted in equal a
Aliun [14]

Based on the amount covered and the amount withdrawn, we can calculate that Boba's annual health insurance premium is<u> $6,256.88</u>

First find the total amount withheld from Boba in a year:

= 185.30 x 26

= $4,817.80

Boba's employer covers 23% of his insurance so the amount withdrawn is 77% of the insurance.

The annual insurance is therefore:

<em>= Boba's share / Percentage paid by Boba</em>

= 4,817.80 / 77%

= $6,256.88

In conclusion, the annual premium is $6,256.88

<em>Find out more about </em><em>insurance premiums </em><em>at brainly.com/question/3757928. </em>

8 0
2 years ago
7. A decrease in supply will result in which of the following?
Inga [223]

Explanation:

C. Both demand and supply change

8 0
2 years ago
Read 2 more answers
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