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4 years ago

Companies can and often do use different costing methods for financial reporting and tax reporting. An exception to this is the:

Business

1 answer:

nignag [31]4 years ago

7 0

Answer:

LIFO conformity rule.

Explanation:

LIFO refers to the Last in first out method. In this inventory system, the firm sells last units at first stage and then sells according to that

According to the given situation, the LIFO conformity rule requires that the taxpayer follow the same inventory cost flow as used for tax reporting purposes in the financial statement.

Therefore the correct answer is LIFO conformity rule.

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When working with the CAPM, which of the following factors can be determined with the most precision?a. The beta coefficient, bi

Evgen [1.6K]

Answer:

c. The expected rate of return on the market rM

Explanation:

The correct option is c. The expected rate of return on the market rM

* The expected market return is the return the investor would expect to receive from a broad stock market indicator such as the S&P 500 Index.

8 0

4 years ago

What could explain why South Korea's gross domestic product (GDP) per capita increased so much faster since the 1970s than Nor

ira [324]

Answer:

Explanation:

Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living

Per capita GDP = GDP / population

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.

A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a market economy

• Private ownership of means of production

• freedom of choice. Producers are free to produce what they desire

• competition among producers

• no government intervention.

A command economy is an economy where production decisions are made by the government.

4 0

3 years ago

Some managers use _____, which provides four indicators with which organizations can set goals and measure performance.

DerKrebs [107]

Answer:

balanced scorecard

Explanation:

The term that is being mentioned in this question is known as a balanced scorecard. This is a strategic management performance metric that is used to measure and provide feedback to a company's management by identifying and improving different internal business functions and their outcomes, usually in regards to the employees themselves. An example of a balanced scorecard can be seen in the attached photo.

8 0

4 years ago

Sandra is in the market for a new PC computer. She plans to go online to Dell's website, visit her local Best Buy and Walmart st

ladessa [460]

Answer:

selective distribution

Explanation:

In marketing, the selective distribution approach refers to a company only choosing a few retail stores or distributors to sell their products to final consumers. It is the opposite to mass marketing where a company will seek all the possible outlets where it can sell its products.

Selective distribution is not the same as exclusive, because when you use exclusive distribution only one retailer can sell your products, instead selective means a few selected retailers can do it.

7 0

3 years ago

For the year ending December 31, Beard Clinical Supplies Co. mistakenly omitted adjusting entries for (1) $7,620 of unearned rev

Svetradugi [14.3K]

Answer:

See explanation section

Explanation:

Since Beard Clinical Supplies Co. omitted adjusting entries that leads to either decrease or increase in the revenues, expenses, and net income.

Transactions 1 and 2 are related to Revenue.

Transaction 3 is related to Expenses.

All transactions are related to Net Income.

Journal entry will help to determine the effect.

Transaction - 1: Unearned Revenue (Debit) - $7,620

Service Revenue (Credit) - $7,620

Transaction - 2: Accounts Receivable (Debit) - $10,480

Service Revenue (Credit) - $10,480

Transaction - 3: Wages expense (Debit) - $5,950

Wages Payable (Credit) - $5,950

A) Revenue = Transaction (1 + 2) = $7,620 + 10,480 = $18,100 was missing. It means revenues were understated (decreased) by $18,100.

B) Expenses = Transaction 3 = $5,950. It was understated also.

C) Net Income = $18,100 - 5,950 = $12,150. Therefore, Net income was also understated.

8 0

4 years ago