Answer:
Financial Accounting Standards Board.
Explanation:
The private sector organization that is currently responsible for setting accounting standards in the United States is the Financial Accounting Standards Board (FASB).
FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).
<em>The aims and objectives of FASB, is to establish and improve Generally Accepted Accounting Principles (GAAP) in the United States of America. </em>
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The change in the market value of an asset over some time period is called the capital gain.
A capital gain is any profit you making off of an asset due to the market value increasing. This is common when you purchase a home, you want to make sure (if you can) that you sell when the market value is higher than the price you paid initially. It's common to invest in something in hopes to achieve a capital gain from that investment.
To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale to optimize production and overall operations.
<h3>What is
marginal cost?</h3>
The marginal cost in economics is the change in total cost that occurs when the quantity produced is increased, or the cost of producing additional quantity.
According to the law of declining marginal utility, as consumption increases, the marginal utility obtained from each extra unit decreases.
Marginal cost is an important concept in economic theory because a corporation seeking to maximise profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.
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