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alex41 [277]
3 years ago
15

Which of the following would not be considered an analytical procedure? Projecting a deviation rate by comparing the results of

a statistical sample with the actual population characteristics. Converting dollar amounts of income statement account balances to percentages of net sales for comparison with industry averages. Developing the current year’s expected net sales based on the sales trend of similar entities within the same industry. Estimating the current year’s expected expenses based on the prior year’s expenses and the current year’s budget.
Business
1 answer:
mylen [45]3 years ago
8 0

Answer:

Projecting a deviation rate by comparing the results of a statistical sample with the actual population characteristics is the correct answer.

Explanation:

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Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers o
Taya2010 [7]

Answer:

The answer here is false.

Explanation:

The answer is false.

This type of market is called perfect competition.

Products are identical. The buyers can buy from any seller without the fear of having different quality or quantity.

There are large number of buyers and sellers. The bargaining power of buyers is very high because sellers selling the same product are much.

These above-mentioned points made sellers to be powerless because any seller that increases its price will lose customers because buyers can get the same product else where at a lower price. Seller are price-takers, they can't influence the prevailing market price. It is the market that determines the price.

8 0
2 years ago
Describe the meaning and the components of a financial reporting system. Explain the budget process. Describe a budget contingen
tamaranim1 [39]

Answer:

Consider the following explanation

Explanation:

Financial Reporting System is the means of guidance by which the management team can have an idea about the financial standings in the near future or current state. usually with the help of an excel.

Budget Process

Processing of the required spending over a future time by each department inside a company with justifiable proof based on past spending and future inflation. It will presented to the top level and needs to approved to have a budget. Usually it will be have once a year in a detailed way and 5 year plan in a brief.

Budget Contingency plan

the best way to have a foolproof is to considered more than one financial ratio. The available ratios includes IRR, EBIT, EBITDA,P/E,ROCE,NPV. Based on the size of the company and the nature of the product, we should carefully select the ratios required.

i would suggest to refer IRR and EBITDA for ICBI, IRR should be 10% or more, which ensure the return of the investments done and combined with EBITDA 15% or above, this needs to be referred to have the knowledge about the profit which the ICBI will have before spending on the Interest,tax and depreciation.

5 Basic Financial guidelines.

1, Know all the costs, and record all, don't ignore any while budgeting

2. Have a standard rule, and never deviate

3. Keep check on the interest rate, and tax

4. Have a monitoring system on the spending, least a monthly report on the performance

5. Track your net worth, and see the performance and compare it with the market

3 0
3 years ago
How long does it take irs to approve refund after accepted?.
Xelga [282]

Answer:

It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review including incorrect Recovery Rebate Credit amounts, or that used 2019 income to figure the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC).

8 0
2 years ago
Suppose country X currently produces widgets. Then it establishes a regional trade agreement with country Y. Following the forma
Phoenix [80]

Answer:

Probably country Y had a comparative advantage over country X in the production of widgets, therefore trade resulted between the countries and it  increased the gains for both countries.

Country Y will probably continue to produce and export widgets and country X will be producing and possibly exporting some other good.

6 0
2 years ago
Brooke and Sandy both attend the same college and have the same expenses for tuition, books, and supplies. However, Brooke is a
baherus [9]

Answer: Option (B) is correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The opportunity cost of attending college for Brooke is the amount that she could earn as an actress i.e. $2 million per year.

The opportunity cost of attending college for Sandy is the amount that he could earn by serving hamburgers i.e. $10,000 a year.

Therefore, opportunity cost of attending college is greater for Brooke than for Sandy.

3 0
3 years ago
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