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xeze [42]
4 years ago
8

A common set of accounting standards and procedures are called

Business
1 answer:
Over [174]4 years ago
4 0
Its called Generally accepted accounting principals
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EvenFlo Pipes forecasts a small increase in sales next year. To achieve this growth in sales, however, the firm must purchase an
TEA [102]

Answer: a. The firm must purchase lumpy assets to achieve the increase in sales.

Explanation:

EvenFlo Pipes needs to sell more pipes in order to see an increase in sales. Assuming they are the producers, they will need to produce more pipes than they have been doing and this will need them to increase their production capacity.

To do so they would have to invest in fixed assets as these are what produce pipes. This is why the firm will have to purchase lumpy assets that will help them produce and sell more pipes.

3 0
3 years ago
Which of the following is considered a cause of inflation?
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Inflation means- A general increase in prices and fall in the purchasing value of money.

So if you think about the question and the definition, what answer involves the money going down and or up significantly?

The answer would be,

B, Producers raise prices to meet HIGHER cost.

          Hope this helps :)

8 0
3 years ago
In their relationship, neither bette nor sam wants to take control or make decisions. this type of relationship is known as a co
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<span>Simply put ,this is a Submissive Symmetrical Relationship. This type of relationship happens when there are two partners but neither wants or is able to take complete control or make decisions. In this scenario, that is exactly what Sam and Bette are doing.</span>
5 0
3 years ago
You've just created and e-mailed the financial statements to your boss? What is the next step you should do in accounting cycle?
KonstantinChe [14]
<span>You've just created and e-mailed the financial statements to your boss. What is the next step you should do in accounting cycle? Close out the revenue and expense accounts. After the financial statements are prepared all nominal accounts which include the revenue and expenses, should be closed out to zero. This allows for the accounts to be at an even start for the next accounting cycle. 

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5 0
3 years ago
A separation between ownership and management is most likely to occur in a:
Thepotemich [5.8K]
 a separation between ownership and management is most likely to occur in a  : Corporation
In a corporation, the owners (or more commonly known as the share holders) tend to higher the executive that they believe is capable to manage the company

hope this helps
7 0
3 years ago
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