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4 years ago

Significant accounting policies may not be:

Business

1 answer:

miskamm [114]4 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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The Single European Act was put in place in an attempt to Multiple Choice convince Great Britain to remain in the EU. determine

Pani-rosa [81]

Answer:

Remove all impediments to the formation of a single market.

Explanation:

The Single European Act was signed in Luxembourg and the Hague in 1986.

The goal fo the Act was to create a single market by 1992 among the members of the European Community.

A single market is an economic bloc when barriers to the transit of goods and services, and to the transit of the factors of production (labor and capital).

8 0

3 years ago

Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 78,000 Quality data

Makovka662 [10]

Answer:

$102,000

Explanation:

Calculation to determine What would be the total appraisal cost appearing on the quality cost report

Using this formula

Total appraisal cost=Test and inspection of in-process goods + Final product testing and inspection

Let plug in the formula

Total appraisal cost=$ 24,000+$78,000

Total appraisal cost=$102,000

Therefore What would be the total appraisal cost appearing on the quality cost report is $102,000

8 0

3 years ago

Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor

frez [133]

Answer and Explanation:

Labor Productivity in Units per hour

Labor Hours Productivity(In units) = Total Output / Input hours

For Deluxe Cars = 5,000 units / 21,250 hours = 0.24 units per hour (approx)

For Limited Cars = 6,250 units / 29,950 hours = 0.21 units per hour (approx)

Labor Productivity in dollars

Labor Hours Productivity(In dollars) = Total Output in dollar / (Input hours x rates)

For Deluxe Cars = (5,000 units x $8,500) / (21,250 hours x $13) = $42,500,000 / $276,250 = $153.84 per unit

For Limited Cars = (6,250 units x $10,100) / (29,950 hours x $15) = $63,125,000 / $499,250 = $126.44 per unit

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3 years ago

The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt

Drupady [299]

The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>

According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.

<h3>Which law does the law of diminishing marginal utility affect?</h3>

According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
Consuming increasing quantities of a good gives economic actors less and less pleasure.

<h3>What is law of diminishing marginal returns?</h3>

According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.

Learn more about diminishing marginal utility here:

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2 years ago

Discuss how dollar-cost-averaging and the ten percent solution could make someone wealthy

labwork [276]

Dollar cost averaging is an investment technique which can make a person wealthy in the long run. In this technique, you will buy a particular stock constantly and regularly, regardless of the price. This will add-up and without noticing, you have acquired more than you'd imagine. On the other hand, Ten Percent Solution, you invest 10% of your earnings in a long-term investment, and is done on a regular basis.

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3 years ago