When you are shopping for a loan, the ANNUAL PERCENTAGE RATE is the important rate to compare. This is because, comparing the annual percentage rate is the best way to accurately determine the loan that will cost you more in the long run.
Expensing the cost of copy paper when the paper is acquired is an example of .Cost constraint.
<h3>What is
Cost constraint?</h3>
A cost constraint in accounting occurs when it is excessively expensive to report specific information in the financial statements. The applicable accounting standards permit a reporting entity to forego the associated reporting where doing so would be prohibitively expensive. The purpose of enabling the cost constraint is to prevent firms from paying excessive expenditures to fulfill their financial reporting duties, especially when compared to the benefit received by readers of the financial statements.
Only certain requirements for financial reporting that are mentioned in the accounting standards are subject to the cost limitation. In all other instances, regardless of the underlying cost, financial information must be reported.
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Answer:
The correct answer is 16 utils.
Explanation:
Amount spent by Rick to get utility of 8 = $6*2 + $3 * 4 = $24
$48/ $24 = 2
$48 will give Rick 2 sets of products combination that give him utility of 8.
At his utility-maximizing point, Rick's utility is 2* 8 = 16 utils.
Answer:
B. Sarbanes-Oxley
Explanation:
The Sarbanes-oxley act also know as Public company accounting reform and investor protection Act and Corporate and Auditing Accountability, Responsibility, and Transparency Act is a US Federal law that cracks down on corporate fraud. The act gave protection to whistleblowers and strengthened the independence and financial literacy of corporate boards.
The Act mandates archiving business documents and relevant internal communication, including e-mail and instant messages to guard against destruction of evidence to impede a federal investigation.
