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3 years ago

What is a purpose of having a conceptual framework?

Business

1 answer:

Alenkinab [10]3 years ago

8 0

Answer:

A) To enable the profession to more quickly solve emerging practical problems and to provide a foundation from which to build more useful standards.

Explanation:

A conceptual framework refers to a system of ideas and objectives that generate a consistent set of rules and standards. All CPAs work following accounting standards, e.g. US GAAP or IFRS. Without a conceptual framework, it would have been impossible to develop standard norms that apply to every accounting professional and that are used and required by all the companies, the markets and government regulators.

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A direct cost is a cost that is____________.

Nookie1986 [14]

Answer:

The correct answer is letter "D": Traceable to a single cost object.

Explanation:

Direct Cost for finished goods is referred to the costs of the items and services directly used in production that can be allocated to a single cost object. Other costs including rent and production site insurance are indirect costs. The cost of the finished goods may be assigned to indirect costs, but they are not direct costs because they do not change with production levels.

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3 years ago

An employee observes an outside individual putting some computer disks in her purse. the employee does not report this security

nikklg [1K]

They should've put in security incident procedures.

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4 years ago

Does the Constitution set down the rights of the people? Yes or No

Dmitry_Shevchenko [17]

Answer:

yes

Explanation:

the constitution does set down the rights of the people like right to freedom and right to equality

4 0

3 years ago

Read 2 more answers

Arthur mails an offer to Brian on June 15. Brian receives the offer on June 16. Arthur mails a revocation of the offer on June 1

il63 [147K]

Answer:

hm I think the answer is D

Explanation:

4 0

4 years ago

Suppose labor productivity differences are the only determinants of comparative advantage, and Brazil and Chile both produce onl

o-na [289]

Answer:

The correct answer is letter "A": Brazil only.

Explanation:

Comparative advantage is the ability of an organization or individual to produce at lower opportunity costs. This is achieved by introducing efficient productivity strategies or achieving economies of scale.

For the case given, the comparative advantage of Brazil and Chile is based on labor productivity only. Then:

The comparative advantage of Chile on sugar = $\frac{2 units of sugar}{5 units of coffee}$ = 0.4
The comparative advantage of Brazil on sugar = $\frac{1 unit of sugar}{2 units of coffee}$ = 0.5

Thus, Brazil has a comparative advantage over Chile on sugar.

4 0

3 years ago