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Wewaii [24]
3 years ago
10

The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements

in accordance with the applicable financial reporting framework
(A) True
(B) False
Business
1 answer:
postnew [5]3 years ago
4 0

Answer:

The answer to this question is True.

Explanation:

The one and only responsibility of the management towards financial reporting involves presenting the financial statements that were prepared by the them that is in accordance to the financial reporting framework that is applicable.

Hence the answer to this question is True.

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Ryan’s shoe store sells a variety of shoes. His “active shoes” campaign is reaching the daily budget cap by the early afternoon.
Lyrx [107]

Answer:

The correct answer is "Ryan should increase the budget cap of the campaign"

Explanation:

The current campaign "active shoes" reached the budget cap.

And the goal is to increase the traffic for his products, the solution is,  increase his budget campaign cap.

Daily budget caps on campaigns allows you to manage the costs, making sure you don’t pass your target spend.

7 0
3 years ago
Suppose that Michael’s Bowling Alley offers 50% off bowling on Mondays, and as a result, drink sales increase by 40%. What is th
leonid [27]

Answer:

-0.8

Explanation:

Cross elasticity of demand = % change in quantity demanded for the drink / % change in price of the bowling

cross elasticity = 40% / -50% = -0.8 since the price was reduced the change in price will be negative

5 0
3 years ago
The maximum one-day loss computed for the value-at-risk (VaR) method does not depend on: a. the current level of interest rates.
ss7ja [257]

Answer:

a. the current level of interest rates

Explanation:

The current interest rate represent the factor that does not based upon the rate of interest as it does not modify on the frequentyly basis such as the price of the stock or the current price. In the case when we do the trasing in the stock market so the standard deviation would be used in order to get to know the stock volatility

Hence, the option a is correct

7 0
3 years ago
Activities A, B, and C are part of the same project. Activity A is worth $200, is 100% complete, and actually cost $200. Activit
kobusy [5.1K]

Answer:

Cost Variance (CV) for the project is negative $77.5

Explanation:

The total amount budget for all 3 activities = Activity A worth $200 + Activity B worth $75 + Activity C worth $200 = $475

The total value completed = activities cost x % complete = $200*100% + $75*90% + $200*75% = $417.5

The actual cost till now = $200 + $120 + $175 = $495

The cost variance = The total value completed - The actual cost till now = $417.5 - $495 = ($77.5)

6 0
3 years ago
1. Del Gato Clinic's cash account shows a $13,510 debit balance and its bank statement shows $13,575 on deposit at the close of
MakcuM [25]

Answer:

a. Record the adjusting entry related to outstanding checks, if necessary.

No adjusting entry is necessary for recording outstanding checks.

b. Record the adjusting entry related to bank service charges, if necessary.

June 30, 202x, bank fees expense

Dr Bank fees expense 20

    Cr cash 20

c. Record the adjusting entry related to Check No. 919, if necessary.

June 30, 202x, adjusting entry for mistake on recording Check No. 919

Dr Cash 9

    Cr utilities expense 9

d. Record the adjusting entry related to the June 30 deposit, if necessary.

No adjusting entry is necessary for recording deposits on transit.

6 0
3 years ago
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