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maria [59]
3 years ago
12

Knowing that accounting and reporting laws differ widely around the world thereby posing risks for the international business, b

riefly explain for each how physical asset valuation (PAV) and research and
development (R&D) costs are likely to pose risks?
Business
1 answer:
morpeh [17]3 years ago
7 0

Answer: The answer is explained below.

Explanation:

Physical asset valuation is the process used to determine the fair market value of an asset. Research and development is the process whereby a company works in order to obtain new knowledge that will be used to create new technology, services, products, or systems.

Due to the different accounting practices which are accepted by different countries, companies has to consolidate their accounting into a standard. But in a situation whereby a foreign accounting procedure is translated to an accepted and followed standard, this might lead to valuation discrepancies. Therefore, an asset valued at certain amount may fall in value due to the foreign accounting standard used when compared to local accounting standards.

The same follows with the Research and Development cost as there is currency valuations involved and the gap in values of the currencies of the two nations can lead to differences in the the total cost of the project.

You might be interested in
Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of
attashe74 [19]

Answer:

1. Dr Services in process inventory9,900

Cr Service salaries payable9,900

Dr Services in process inventory4,950

Cr Services overhead4,950

2. Dr Cost of services provided14,850

Cr Services in process inventory14,850

Explanation:

1.Preparation of journal entries to record direct labor andthe overhead applied.

Dr Services in process inventory9,900

Cr Service salaries payable9,900

[(5 × $500) + (12 × $200) + (100 × $50) = $9,900]

Dr Services in process inventory4,950

Cr Services overhead4,950

($9,900 x 50% = $4,950)

2.Preparation of the journal entry to record the cost of services provided.

Dr Cost of services provided14,850

Cr Services in process inventory14,850

($9,900+$4,950=14,850)

[(5 × $500) + (12 × $200) + (100 × $50) = $9,900]

+($9,900 x 50% = $4,950)

8 0
2 years ago
Why does the marginal benefit of a diamond nearly always exceed the marginal benefit of a bottle of water?
exis [7]

Answer:

B)Diamonds are much more scarce than water, so the marginal benefit of diamonds are much higher

Explanation:

Water is a necessary good, but diamonds are luxury goods. At low levels of consumption, water will provide a much higher utility than diamond. Someone very thirsty will derive much more satisfaction from drinking water than from acquiring diamonds.

Marginal benefits arise from the consumption of extra units. After one has quenched their thirst,  consuming more water later adds minimal benefits. On the other hand, diamonds are scarce and valuable. Having one is good, but getting an extra one will bring greater benefits as it increases wealth. Therefore, the marginal consumption of o diamonds has greater benefits than water.

7 0
3 years ago
Find the interest earned on invested for years at ​% interest compounded as follows. a. Annually b. Semiannually​ (twice a​ year
Katen [24]

Answer:

$3979.79

2  $4023.63

Explanation:

Here is the full question used in answering this question :

Find the interest earned on $15,000 invested for 6 years at 4% interest compounded as follows. a. Annually b. Semiannually (twice a year) c. Quarterly d. Monthly e. Continuously

the formula for determining interest earned is :

future value - present value

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding

1. 15,000 ( 1 + 0.04)^6 = 18979.79

18979.79 - 15,000 = $3979.79

2 1. 15,000 ( 1 + 0.04/2)^12 = 19023.63 = $4023.63

3 0
3 years ago
The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2022.
pishuonlain [190]

Answer:

Dependable Delivery Service

Classified balance sheet as at July 31, 2022

Non Current Assets

Equipment                                                  $59,360

Total Non Current Assets                          $59,360

Current Assets

Accounts Receivable                                  $11,400

Prepaid Insurance                                        $1,800

Cash                                                            $15,940

Total Current Assets                                  $29,140

Total Assets                                               $88,500

Equity and Liabilities

<u>Equity</u>

Common Stock                                         $40,000

Retained Earnings                                       $8,750

Total Equity                                                $48,750

<u>Liabilities</u>

<u>Non Current Liabilities</u>

Notes Payable, due 2024                         $31,450

Total Non Current Liabilities                     $31,450

<u>Current Liabilities</u>

Accounts Payable                                      $7,400

Salaries and Wages Payable                       $900

Total Non-Current Liabilities                     $8,300

Total Liabilities                                         $39,750

Total Equity and Liabilities                      $88,500

Explanation:

Its very important to calculate the Retained Earnings Balance at the end of July 2020.

To do this, we need to first calculate the Net Income for the period as follows :

<u>Income Statement for the year ended July 31, 2022</u>

Service Revenue                                                        15,500

Less Expenses :

Maintenance and Repairs Expense           1,200

Utilities Expense                                           950

Insurance Expense                                       600

Salaries and Wages Expense                    8,400     (11,150)

Net Income/(loss)                                                         4,350

Then, calculate the Retained Earnings Balance as follows :

<u>Retained Earnings Calculation </u>

Beginning Balance                                    5,200

Add Net Income during the period          4,350

Less Dividends                                            (800)

Ending Balance                                         8,750

6 0
3 years ago
Moore's law is often cited in the computer industry because it has held true for over 50 years. what does this rule predict rega
shutvik [7]
Answer: That CPU capacity will double every 2 years.

Explanations:
Moore's law states that transistor capacity doubles in dense integrated circuits every two years, and the law has been true for over 50 years. Consequently, the semiconductor has used this law as a guide for product planning.

Because of nanotechnology, this law may remain valid for many more years.
However, because the cost of production has been increasing, the law is not expected to continue indefinitely.  
4 0
3 years ago
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