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rosijanka [135]
3 years ago
11

Significant accounting policies may not be:

Business
1 answer:
miskamm [114]3 years ago
7 0

Answer: A) omitted from financial-statement disclosure

Explanation: significant accounting policies may not be omitted from financial statement disclosure because it allows, among many other benefits, for financial statements to be compared with other entities when they are clearly shown. It also helps prevents losses and the misuse of assets. It allows both present and potential investors to be able to study open accounting policies in order to make informed decisions and/or before investing in a business.

An “accounting disclosure” is a statement that outlines the financial policies of a firm, showing expenses and profits over a time period.

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You work as the sales manager for a company that sells paper supplies to businesses of all sizes. Because the profit margins are
Jobisdone [24]

Answer:

Controling.

Explanation:

Analyzing the above scenario, it is possible to identify that the process of determining the reason for the higher costs and taking measures to reduce those costs is part of an organization's control management process.

It is essential that each company has a well-established control management system, as a way of positively influencing employees in the company and ensuring that all strategic activities and actions are carried out as planned to achieve organizational objectives and goals.

An effective management control process ensures that companies operate more effectively, improving organizational resource management processes, reducing costs and making management more structured and effective so that a company remains competitive and profitable in the market.

7 0
3 years ago
2. In what ways are the following three initial assessment methods similar and in what ways are they different: application blan
konstantin123 [22]

Answer:

Selection stands for the initial assessment of a candidate in an organization before he is offered a job. In includes several steps like the organization details the KSAOs (Knowledge, Skills, Abilities, and other criteria) required for the job; evaluation of a candidate over those criteria; and making an offer to the selected candidate.

Initial assessment methods stand for the starting ways through a candidate or an applicant is screened and shortlisted by the organization which includes ways like- application blanks, biographical information, and reference and background check. These three initial assessment methods are similar to each other in a way that when an organization starts its selection procedure, it reviews the applications of the candidates who all have applied for the particular position in the organization; after the screening and verification of the application form, the organization checks the biographical information of the candidate which becomes a part of application form; and finally the organization conducts a reference and background check to ensure that the candidate has given complete and true information and has not been involve din criminal or unethical actions in his past.

On the other hand, the differences in the three initial assessment methods- application blanks, biographical information, and reference and background check could be that in application blank, the candidate has to furnish his background and work experience details; while in biographical information, the organization checks and verifies it with the details furnished by the candidate in the application form; and when it comes to reference and background check, the organization performs thorough background check of the candidate before offering job to him. This way the three initial assessment methods are similar and different from each other.

Explanation:

6 0
3 years ago
Suppose Country A and Country B each have a GDP equal to $440 billion and $560 billion respectively. Country A has 100 million p
Ber [7]

Answer:

A. Higher in Country A

Explanation:

So to get per capita income

Formula

GDP/Population

Therefore

For Country A

440/100=4.4

Per capita income for country A is 4.4

For Country B

560/175=3.2

Per capita income for country B is 3.2

So the per capita income for country A is higher than Country B

3 0
2 years ago
What’s a commercial bank most likely going to do with your money when you deposit it?
sasho [114]

Answer:

keep it in-store and safe until you take some out and if it's there for a while ( like after a year or 2) they could take out a dollar each week or 5 dollars a month for the space you're taking up

8 0
3 years ago
First, we will start with annual depreciation. We will always use straight-line depreciation in this course Consider a firm that
NARA [144]

Answer:

Annual Depreciation expense = $15695.7692  rounded off to  $15695.77

Explanation:

We first need to calculate the cost of the equipment. The cost at which an equipment or asset should be recorded should include all the costs incurred to bring the asset into the place and condition necessary for its use as intended by the management. Thus the cost of the equipment will be,

Cost = 165891 + 42172

Cost = $208063

Now we can calculate the depreciation expense per year based on the straight line depreciation method using the following formula,

Annual Depreciation expense = (Cost - Salvage Value) / Estimated useful life

Annual Depreciation expense = (208063 - 4018) / 13

Annual Depreciation expense = $15695.7692  rounded off to  $15695.77

6 0
3 years ago
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