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nordsb [41]
3 years ago
6

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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First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound
Liula [17]

Answer:

First National Bank    = 14.6%

First United Bank.=   = 14.8%

Explanation:

<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>

It can be calculated as follows:

EAR = ( (1+r)^(n) -1) × 100

r -interest rate per period

n- number of period

EAR - Effective annual rate

First National Bank

r - interest rate per month = 13.7%/12 = 1.141%

number of period = 12 months

EAR =( (1+011141)^(12) - 1) × 100

       =  0.145938395 × 100

       = 14.59

      = 14.6%

First United Bank.

r- interest rate per quarter - 14%/4 = 3.5% per quarter

n- number of quarters = 4

EAR = ((1+0.035)^(4)- 1) × 100

      = 0.147523001 × 100

      = 14.8%

 

8 0
3 years ago
Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re
gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

Explanation:

Use the following formula to calculate the Profit Margin

Profit Margin = \frac{Net Income}{Net Sales} X 100

Where

Net Income = $20,000

Net Sales = $100,000

Placing values in the formula

Profit Margin = \frac{20000}{100000} X 100

Profit Margin = 0.2 x 100

Profit Margin = 20%

5 0
3 years ago
Companies HD and LD have the same tax rate, sales, total assets, and basic earnings power. Both companies have positive net inco
sukhopar [10]

Answer:

Company HD pays less in taxes

Explanation:

In the case when the company HD and LD have the similar rate of tax, sales revenue,  etc even both have favorable net incomes also the company Hd contains greater debt ratio due to which it has more interest expense so that means company hd would pay less taxes

Therefore the above represent the answer

and, this is the answer but the same is not provided in the given options

5 0
2 years ago
Read 2 more answers
The exchange of information among dns servers regarding configured zones is known as:
olga nikolaevna [1]

The exchange of information among dns servers regarding configured zones is known as <u>"zone transfer".</u>


DNS zone transfer,  is a kind of DNS transaction. It is one of the numerous instruments accessible for managers to duplicate DNS databases over an arrangement of DNS servers.  

A zone transfer utilizes the Transmission Control Protocol (TCP) for transport, and appears as a client– server exchange. The customer asking for a zone exchange might be a slave server or optional server, asking for information from an ace server, in some cases called an essential server. The part of the database that is duplicated is a zone.


7 0
3 years ago
How do contact lists differ from an address book?
PilotLPTM [1.2K]
Contact lists contain more information about a person than an address book. A contact list is a collection of screen names in an instant messaging or e-mail program or online game or mobile phone. a address book is a book for recording the names, addresses, and telephone numbers of friends, businesses.
8 0
3 years ago
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