Answer:
False
- At MultiMarkets, a chain of retail stores, top management decided to respond to the growing challenge of online retail websites with <u>DECENTRALIZED</u> planning , using planning experts to help store managers develop their own plans.
Explanation:
In a corporation, decentralized planning means that some planning functions and decision making processes are delegated to lower level managers.
In this case, MultiMarkets' upper management is delegating planning functions to local store managers as a way to respond to an increase in online retailing.
Answer:
Option (e) is correct.
Explanation:
Taxable Income:
= Net income per book - municipal bond interest + deduction for business meals + deduction for a net capital loss + deduction for federal income taxes
= $100,000 - $4,000 + 50% of $5,000 + $5,000 + $22,000
= $125,500
Eliot Corp.'s current earnings and profits (Current E&P) for 2014:
= Taxable Income + municipal bond interest - deduction for federal income taxes - deduction for a net capital loss
= $125,500 + $4,000 - $22,000 - $5,000
= $102,500
P(t) = (0.83)t^(5/4)
<span>2096 - 2015 = 81 </span>
<span>81 ^ (5/4) = 243 </span>
<span>243 × 0.83 = 201.69 </span>
<span>Population in 2096 expected to be 202 million.</span>
Answer:
Lack of efficiency.
Explanation:
As Trent Automobiles Inc. was expecting a large shipment of scrap metal and due to the fact that it could not arrive on time, the only way to compensate the loss was to make an urgent order for same quantity of scrap metal from a local manufacturer, which led the company to compromise on the quality. If proper track was kept and all the upcoming scenarios had been calculated before hand with a ready substitute raw materials before hand, this would have been not the result. Thus, this indicates a complete lack of efficiency from the side of management of the company.
Does the SEC have the power to set accounting standards. The SEC has delegated the primary responsibility for setting accounting standards to the AICPA is a False statement.
<h3>What is the SEC position in the financial reporting process?</h3>
- The SEC position is known to be a Commission that has been empowered with the authority under the securities laws of the United States.
They are empowered to set accounting standards to be followed by all public firms and they are known to also have the power to make sure that those standards are followed.
Conclusively, The SEC delegated accounting standard setting is said to be to FASB.
Learn more about SEC from
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