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2 years ago

What would be the most useful source of current information about changes in laws or regulations applicable to accounting?

Business

1 answer:

snow_tiger [21]2 years ago

7 0

Answer:

D. Board of Accounting

Explanation:

Accounting bodies are national or international organizations whose mandate is to set accounting standards in the country. They help implement and enforces the Generally Accounting Accepted principles in the counties.

The Financial Accounting Standards Board(FABS) is the body responsible for developing and implementing the Generally Accounting Accepted standards In the US. It oversees the application of GAAP in public and private companies and profit and non-profit organizations. FABS sets and updates accounting and financial reporting rules in the country. Any changes in the law are done in consulting with this body. FABS will, therefore, have updated regulations regarding accounting practice in the country.

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A key to economic growth and development is to:

denpristay [2]

According to economic theory, productivity is the main key to economic growth, It is, the relation between output over input. Productivity is mainly driven by four components: innovation, including the creation of new technologies: education to spread these new technologies and develop the capacity of the workforce, efficiency to promote the effective and flexible allocation of resources for production in various sectors.

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3 years ago

If a beneficiary wants to make sure that the life insurance proceeds being paid out are not exhausted before he or she dies, th

Naya [18.7K]

Answer:

Option d. Fixed period

Explanation:

time is very essential. Anytime the policy owner specifies payment to be guaranteed for a specific period regardless of who is the beneficiary, policy owner or who receive the payment,is the fixed period settlement option.

Anything that occur to annuity after the owner's death is dependent on the type of annuity and its payout plan.

A fixed-period, is that which is for a certain period of time. the annuity guarantees payments to the annuitant for a set length of time. example is about 10, 15, or 20 years and case payments will continue to be paid to the beneficiary until the time given or period is due or when account’s balance reaches zero.

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2 years ago

A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri

oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

sales = nil

-variable expenses= nil

contribution = nil

- fixed expenses = 56,000

NET LOSS = (56000)

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

Thus increase in loss would be 56000- 50,000=6000

6 0

2 years ago

Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.

Margaret [11]

Answer:

The answer is b. make-to-stock system

Explanation:

Make-to-stock system is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. It is a traditional production strategy that is used by businesses to match the inventory with anticipated consumer demand.

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2 years ago

You work for an aircraft company. the company builds ultralight and experimental airplanes for flying enthusiasts. as a quality

tekilochka [14]

Answer: Storming
There five stages of team development: forming, storming, norming, performing and adjourning. The stage or phase where conflict and competition arises and at its greatest is storming. This is because the members of the group have understood the tasks in the forming stage so when you deliver your report to the group, people begin asking questions. Asking questions happen during storming.

3 0

2 years ago