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ICE Princess25 [194]
3 years ago
13

The Financial Accounting Standards Board has the authority to develop generally accepted accounting principles. Choose the optio

n below that contains the steps used by the FASB in developing GAAP.
a. steps include: publishing a notice in the newspaper, seeking public opinion, and issuing a statement of principle.
b. steps include: issuing a discussion memorandum, filing a legal draft, and notifying the SEC.
c. steps include: filing a complaint with the SEC, issuing an internal report, and issuing a statement of principle.
d. steps include: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle.
Business
1 answer:
olga2289 [7]3 years ago
4 0

Answer:

d.

Explanation:

Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.

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When a doctor anticipates and prepares for patients' objections to a new billing procedure, what type of control is she using?
babunello [35]
The answer would be B, concurrent, because she concurs that the patients will not like the new billing procedure.
8 0
2 years ago
Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switchin
mihalych1998 [28]

Answer:

True

Explanation:

Consumers mainly sports persons natural liking for their favourite sports brand exists. Sports persons like to buy and wear their favourite brand of shoes, clothed and apparels.

                   These brands remained immune to threats from other the rival brands because they remain the favourite of the respective sports persons. In other words they remain safe.

                  The sport person like to wear these brands and perform in the competition. But when the performance does not meet the sports person's expectations, they try to switch brands and go for some other brands.

Thus the answer is True.

7 0
3 years ago
A distribution of scores that is positively skewed will have a small number of scores that:
PilotLPTM [1.2K]

Answer:

A distribution of scores that is positively skewed will have a small number of scores that are very high.

Option C is correct.

Explanation:

A distribution is said to be normal if the value of skewness is equal to zero, this type of distribution is symmetric.

However, if the skewness value is less than zero, then the distribution is negatively skewed and if the skewness value is greater than zero then the distribution is positively skewed.

For a positively skewed distribution, the tail is elongated downward, and the mean value is greater compared with median and mode. Hence, the observations are extremely high and the mean is distributed upward.

4 0
2 years ago
Why should a researcher check that their information is valid?
nalin [4]

Answer:

Validity is harder to assess than reliability, but it is even more important. To obtain useful results, the methods you use to collect your data must be valid: the research must be measuring what it claims to measure. This ensures that your discussion of the data and the conclusions you draw are also valid.

Explanation:

hope this helps

brainliest plz

8 0
2 years ago
Identify how to calculate nominal interest rates and real interest rates. Assume that you put $100 in the bank. Use numeric exam
Alik [6]

Answer: Please refer to Explanation

Explanation:

To answer this question we will assume that the Nominal Interest rate is equal to 10% then we can be free to manipulate the Real Interest Rate.

Now the Real Interest Rate is the Nominal Interest Rate adjusted for inflation in the following manner,

Real interest rate= Nominal interest rate - inflation rate.

Let's go through 3 scenarios now.

1. REAL interest rate is positive.

If the Real Interest rate is positive, that would mean that Inflation rate is LESS than the Nominal Interest rate.

Assuming the inflation rate is 5% then that would mean that real interest rate is,

= 10% - 5%

= 5%.

Seeing as you have $100 in the bank. If using Nominal Rates alone you would have earned,

= 100 * (1+0.1)

= $110

However with a rate that caters for inflation (Real Interest Rate) you would earn only,

= 100 * (1 + 0.05)

= $105

2. REAL interest rate stays the same

If the Real Interest rate does not change, that would mean that Inflation rate is EQUAL to Nominal Interest rate.

Assuming the inflation rate is 10% then that would mean that real interest rate is,

= 10% - 10%

= 0% meaning that there was no change.

You have that same $100 in the bank. If using Nominal Rates alone you would have earned,

= 100 * (1+0.1)

= $110

However with a rate that caters for inflation (Real Interest Rate) you would earn only,

= 100 * (1 + 0.00)

= $100

Your money in the bank would in REAL TERMS not have changed because whatever profit you made was wiped out by inflation.

3. REAL interest rate is negative.

If the Real Interest rate is negative, that would sadly mean that Inflation rate is MORE than the Nominal Interest rate.

Assuming the inflation rate is 15% then that would mean that real interest rate is,

= 10% - 15%

= -5%.

Seeing as you have $100 in the bank. If using Nominal Rates alone you would have earned,

= 100 * (1+0.1)

= $110

However with a rate that caters for inflation (Real Interest Rate) you would earn only,

= 100 * (1 - 0.05)

= $95

If inflation were to be catered for, the value of your money has actually decreased from $100 to $95 because inflation rose at a faster rate than nominal inflation. This means that the money you had can buy only 95% of what it could before.

This is why the Real Interest Rate is Important. It shows you whether you are actually making a profit based on the rate at which prices are rising in the Economy. It is crucial that the Real Rate is calculated so that you get adequate compensation for your Investment.

4 0
3 years ago
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