Answer:
d. It recognizes that manufacturing and service delivery systems must execute quality specifications well.
Explanation:
GAP provides for better performance and accounting standards.
Whether manufacturing unit, or a unit of providing service, it establishes some standards which need to be complied with. Accordingly one of the standard requires the units to have quality specifications. This means that the manufacturing units along with units providing service shall not only consider for increasing their revenue, but also increase the quality provided by them.
Answer:
Approximate price of marble statue in USD is:
= Price of statue * Foreign Currency Cost of one unit
= 1,700 * 0.9213
= US$1,566.21
<em>If the nominal exchange rate for the U.S. dollar–euro rises from $1.3457 to $1.547555 per euro, the euro </em><em><u>appreciated</u></em><em> in value, or </em><em><u>appreciated</u></em><em>, relative to the U.S. dollar.</em>
If this direct rate increases from $1.3457 to $1.547555 per euro, it means that one Euro can now buy more dollars than before which means that it gained/ appreciated in value relative to the USD.
For instance: Before the change, €10 = 10 * 1.3457 = $10.3457
After the change, €10 = 10 * 1.547555 = 10.547555
Euro therefore became stronger relative to the USD.
Answer:
Use a software program
Explanation:
When you use it a software program the presentation is much cleaner than hand written and is easier to edit. But a software program can be stolen, or deleted.
Paper layouts can be stolen but if lost it may be found.Paper layouts are easier to make though because you dont have to add special effects by scrolling and scrolling because you can do it quickly with you pencil.
Answer:
Explanation:
Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:
= Beginning balance of supplies + Purchase of supplies - ending balance if supplies
= $450+ $3,400 - $900
= $2,950
Now the journal entry would be
Supplies expense A/c Dr $2,950
To Supplies A/c $2,950
(Being supplies consumed recorded)
Answer:
The answer is T that is (True)
Explanation:
First of all, we need to understand that internal control in technology advanced accounting system are designed policies and procedures integrated into the system to give it integrity and reliability.
The purpose are mainly to curb but not limited to issues like fraud, generating timely and effective reporting, reassuring investors, give a forensic over view of business operation success and proactively identify financial challenges.
The internal controls in advanced accounting can either be preventative, consequentially deterring fraud and mistakes, or detective, consequentially identifying challenges after they have occurred
This two aforementioned objective of the internal control in technology advanced accounting are embedded in the design and operation of the system stage, thereby confirming the statement to be true that Internal control in technologically advanced accounting systems depends more on the design and operation of the information system and less on the analysis of its resulting documents
