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meriva
3 years ago
6

Accounting standard-setters use the following process in establishing accounting standards:

Business
1 answer:
IceJOKER [234]3 years ago
4 0

Answer:

Accounting standard-setters such as International Accounting Standards Board, use the following process in establishing accounting standards:

Research-discussion paper-exposure draft- standard

As a result,option D is correct.

Explanation:

When a new standard is envisaged,rigorous research is undertaking,followed by the call for experts to submit discussion papers from exposure draft is crafted before a standard is finalized.

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Explain why monopoly is uncommon in the real world
lara [203]

Explanation:

There are certain necessary conditions required for a market to operate as a monopoly. These conditions are not generally met in the real world. This is the reason why monopolies are very rare not so common in the real world.  

A monopoly is a market structure where there is a single producer selling a product with no close substitutes. In the real world, almost all products have substitutes.  

Also for a monopoly to operate there should be a restriction on entry and exit of firms which is difficult to hold in the real world.

7 0
4 years ago
Turbo Technology Corp. recently went public with an initial public offering of 3.03 million shares of stock. The underwriter use
Leokris [45]

Answer:

$8.23 per share

Explanation:

Total funds received by Turbo = (3.03 million shares x $ 7.65 per share) - $230,000

= $23,179,500 - $230,000 = $22,949,500

Gross Proceeds = Net Proceeds + Underwriter's Spread  

Gross Proceeds = (Gross Proceeds * 0.07) + $7.65 per share

(Gross Proceeds – 0.07 Gross Proceeds) = $7.65 per share

Factorize gross proceeds mathematically to get

Gross Proceeds (1-0.07) = $7.65 per share

Gross Proceeds (0.93) = $7.65 per share

Gross Proceeds = \frac{7.65}{0.93}

Gross Proceeds = $8.23 per share

7 0
3 years ago
North Construction had $850 million of sales last year, and it had $425 million of fixed assets that were used at only 90% of ca
11Alexandr11 [23.1K]

Answer:

a. 1.11%

Explanation:

The computation of the maximum sales growth rate is shown below:-

Sales 90% Capacity = $850,000,000

Sales at 100% Capacity = $850,000,000 ÷ 90% × 100%

= $944,444,444.4

Growth in Sales by using unused capacity = Sales at 100% Capacity - Sales 90% Capacity

=$944,444,444.4  -  $850,000,000

= $94,444,444.4

Growth rate =Growth in Sales by using unused capacity ÷ Sales last year

-94444444.4  ÷ $850,000,000

= 1.11%

6 0
3 years ago
Which of the following is NOT a part of reviewing and revising the financial plan?
kvasek [131]

Explanation:

hehehehheehheheehehhehehheeheheheh

6 0
3 years ago
Petroski Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of acti
algol13

Answer:

$577 Unfavorable

Explanation:

The calculation of spending variance for dye costs is shown below:-

Spending variance for dye cost = (Standard rate - Actual variable) × Actual units

= ($0.67 - $13,910 ÷ 19,900) × 19,900

= (0.67 - 0.69899) × 19,900

= $577 Unfavorable

Therefore for computing the spending variance for dye costs we simply applied the above formula.

6 0
3 years ago
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