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Reil [10]
2 years ago
15

As a warm-up, here's a question that won't affect your score. We recommend you take this test in a quiet place free from distrac

tions. The timer shows the time remaining for each question. The assessment will begin when you hit "Continue."Generally Accepted Accounting Principles (GAAP) are a) commonly agreed-upon professional accounting standards in the United States b) legally binding rules created by the Internal Revenue Service c) standards required only for large companies with over $100M in revenue
Business
1 answer:
sveta [45]2 years ago
8 0

Answer:

a) commonly agreed-upon professional accounting standards in the United States

Explanation:

According to the Generally Accepted Accounting Principles (GAAP) it consist of accounting principles, rules, procedures that are followed companies to companies so that there financial statements considered to be valid.

Here, in the given question the option A is correct as it is agreed for the professional accounting standard that shows the Generally Accepted Accounting Principles (GAAP)

Hence, the correct option is A.

You might be interested in
The primary goal of financial management is to:
sammy [17]

Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management comprises several steps to safeguard a company's assets and sustain the firm's profitability in favor of its stakeholders. Those steps include planning, budgeting, managing and assessing risks and establishing the procedures that will be taken to keep the business going.

Thus, <em>one of the cores of financial management is to increase the company's stock value to attract more investors, bringing more money to the company for reinvestment or the payment of expenditures.</em>

3 0
3 years ago
A company's current assets are $26,420, its quick assets are $15,090 and its current liabilities are $12,520. Its acid-test rati
Debora [2.8K]

Answer: 1.21

Explanation:

Acid test ratio is also referred to as the quick ratio and it is calculated as:

Acid-Test Ratio = Quick Assets / Current Liabilities

where,

Quick assets = $15090

Current liabilities = $12520

Acid test ratio = $15090 / $12520

= 1.2052

= 1.21

8 0
3 years ago
An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do n
kondaur [170]

Answer:

The rate of change in 6 months is 14.87%

Explanation:

Let a be the amount that the money is multiplied in one month. We know that in 30 months it is multiplied by 2, so if we power a by 30 wew obtain 2:

a³⁰ = 2

Thus, 2 = a³⁰ = a⁶*⁵ = (a⁶)⁵

(here we use the propiety a^bc = (a^b)^c = (a^c)^b)

We can conclude that a⁶ = 2^(1/5) = 1.1487

The rate in 6 months is (1.1487-1)*100 = 14.87%

3 0
3 years ago
Read 2 more answers
The work of your group would be better done in teams if the members of the team are ________.A) independentB) autonomousC) indiv
NeTakaya

Answer:

The correct answer to the following question is D, which is "Interdependent"

Explanation:

Because many of the people work in a team but that team does not a team or they are not a team member, if they work separately in a chamber, and meet your team folks only in the meeting, then u are not a real team. If we are not interdependent to our team members then we not really a team, we called a team or a team member only at that time, when we work interdependently.

so that's why it is important to work in a team and also work interdependently

7 0
3 years ago
A company pays its employees $4,250 each Friday, which amounts to $850 per day for the five-day workweek that begins on Monday.
BartSMP [9]

Answer:

$3,400

Explanation:

Out of five day workweek, accounting period ends on Thursday which indicates that employees work only for 4 days. Therefore, salaries are earned only for 4 working days and unpaid at the end of the accounting period

Salaries earned but unpaid= 4 working days * $850 per day = $3,400

Hence, salaries earned but unpaid at the end of the account period is $3,400

5 0
3 years ago
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