Answer:
Stock is valued at lower of : cost or market price [prudence principle]
Explanation :
Prudence or Conservatism is an accounting principle : anticipating for all possible losses & expenditures, not anticipating for possible profits & gains. This makes business better prepared to face all contingent expenditures/ losses.
This concept's implication is that : Stock or Inventory is valued at the value whichever is lesser between 'cost of inventory' & sale price. This makes inventory valuation as per the above explained Prudence/ Conservatism principle.
Answer:
Virtually all of the 7 million millionaires in the United States learned how to make smart decisions by doing their homework.
Answer: Option 7.
Explanation:
Answer:
Being a businessman and being charitable at the same time is just next to impossible at the time of expanding one's firm.
Explanation:
A business person's main motive has to be his ability to expand, so that he reaches that particular stage to do some charity for his fellow citizens. If you look at the unemployment part, then you must know that every person is somehow talented and in countries like the US, no one lives unemployed.
Therefore, it is necessary for a business person to calculate the cost factors, that does not only include the cost of labors, but also the cost of exporting the materials to Bangladesh and the cost of importing the final products. Then he needs to compare the total cost making the shoes in Bangladesh with making them via the US labors, and then take the decision accordingly.
<h3>limit the time in which an injured party may sue. only apply to the sale of goods. </h3><h3 />
The length of time allowed under a statute of limitations varies depending upon the severity of the offense as well as the jurisdiction it is being disputed.
<h3>What is Statue of Limitations ?</h3>
A statute of limitations is a law that sets the maximum amount of time that parties involved in a dispute have to initiate legal proceedings from the date of an alleged offense, whether civil or criminal.
- Cases involving severe crimes, like murder, typically have no maximum period.
Learn more about Statue of Limitations here:
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Answer:
False
Explanation:
According to federal regulations each IRB shall have at-least 5 members, further, there shall be at-least one member with scientific expertise and one member with no expertise in science.
Total number shall not fall below 5 members.
Here it states, to have at-least two members are require to fulfill the requirement of membership. Thus, the above statement is false.
In case it is talking about only about the character being scientific expertise or not then it is true.
But total members are 5 and not 2 thus statement is false.