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3 years ago

Private enterprise is most unlikely associated with

Business

1 answer:

Nutka1998 [239]3 years ago

6 0

A because capitalism is FREE enterprise and public companies don’t relate to either of them

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The role of the Securities and Exchange Commission (SEC) in the formulation of accounting standards can be best described as1. i

Dvinal [7]

Answer:

2. Varied- the SEC relies on FASB to develop standards but gives advice and recommendations to the private sector as needed.

Explanation:

The FASB, Financial Accounting Standards Board is an independent non- profit organization, formed in 1973, that is tasked with establishing accounting as well as financial reporting standards for profit and nonprofit organizations in the USA. It also has the authority to interpret generally acceptable accounting principles for private and public companies in preparation of financial reports and presentation of such reports. The SEC like every other organization, relies on the FASB to formulate rules and regulations (standards) for public companies mainly while giving private companies recommendations. The FASB is recognized by state accounting boards such as AICPA (American Institute of Certified Public Accountants) among other accounting boards.

I hope this helps.

8 0

4 years ago

Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per ye

Leto [7]

Answer:

d) $6,000, -$6,000

Explanation:

Accounting profit = total revenue - explicit costs

=6000 x 2.5-9000 = $6000

Economic profit = accounting profit - interest on capital invested

=6000 - 400000 x 0.03

=$-6000

4 0

3 years ago

What is the value of $1000 investment that loses 5% each year for eight years

nadya68 [22]

Answer:

$663.420

Explanation:

The value for the investment is the future of $1000, earning a compound interest of -5% for eight years.

The formula for compound interest is as below.

FV = PV × (1+r)^n

Fv = $1000 x ( 1 + (-5/100)^8

Fv= $1000 x (1 +(-0.05)^8

FV= $1000 x (0.95)^8

Fv=$1000x 0.6634204

Fv=$663.420

The value will be $663.42

8 0

3 years ago

Read 2 more answers

On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai

Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

DEBIT CREDIT

Entry

Rent Expense $550

Prepaid Rent $550

The balance on Norma's prepaid expense would be

Prepaid Rent = $2200

Rent Expense = ($550)

Balance = $1,650

7 0

4 years ago

The following information pertains to the Flying Fig Corporation: Total Units for information given 5,000 Fixed Cost per Unit $

valentina_108 [34]

Answer:

Break-even point (dollars)= $1,000,000

Explanation:

Giving the following information:

Total Units for information given 5,000

Fixed Cost per Unit $100

Selling Price per Unit $500

Variable Costs per Unit $125

Target Operating Income $250,000

Break-even point (dollars)= (fixed costs+ profit)/ contribution margin ratio

Fixed costs= 5,000*100= 500,000

Break-even point (dollars)= (500,000 + 250,000)/ [(500 - 135)/500]= $1,000,000

6 0

3 years ago