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irakobra [83]
3 years ago
7

ASC Topic 235, Notes to Financial Statements

Business
1 answer:
Nutka1998 [239]3 years ago
4 0

Answer: d. Requires description of all significant accounting policies to be included as an integral part of the financial statements.

Explanation:

There are several accounting and valuation policies that a company can use when presenting its financial information for the year. Companies are meant to follow the policies that would most fairly represent their assets and liabilities.

When they pick these valuation methods, it is important that the people who study their financial statements know the valuation and accounting methods used so that they can understand the figures.

To this end, ASC Topic 235 requires that the company should include the significant accounting policies that it used as notes so that financial statement users understand how the company reached the figures it recorded.

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An optimizing consumer will select the consumption bundle in which the :
padilas [110]

Answer:

c. marginal rate of substitution is equal to the relative price ratio of the goods.

Explanation:

we know that the costomer MRS = Px/Py , where x and y are the two goods.

MRS(x,y) = MUx/MUy = Px/Py

Therefore, The marginal rate of substitution is equal to the relative price ratio of the goods.

4 0
3 years ago
Sara purchased a life insurance policy as an investment from her neighbor, Angela. Angela, the original policy holder had paid p
Pavlova-9 [17]

Answer:

$16,500

Explanation:

She invested = $12,000

Total money spent to acquire the policy = ($16,500 + $5000) = $21,500

Total money invested on policy = $21500 + $12000

Total money invested on policy = $33500

Money that sara got after angela died = $50,000

Therefore, the taxable proceed will be = $50,000 - $33,500 = $16,500

6 0
3 years ago
In the first wave of electronic commerce, radio-frequency devices and smart cards were combined with biometric technologies. In
defon

Answer:

b) In the first wave, Internet technologies were integrated into B2B transactions and internal  business processes by using bar codes and scanners to track parts, assemblies, inventories,  and production status. These tracking technologies were not well integrated,  sending transaction information to each other using a patchwork of communication methods,  including fax, e-mail, and EDI.

c) The Internet technologies used in the first wave of electronic commerce were slow and inexpensive. Most consumers used dial-up modems to get connected to the Internet.

Explanation:

The first wave of electronic commerce was mainly a U.S. phenomenon with the web  pages in English, on commerce sites, with the e-mail as a tool for relatively unstructured  communication. Investors were excited  about electronic commerce, creating new enterprises, no matter the investment or the weak baseline ideas were, to have an easy access to start-up and exploit electronic commerce opportunities.

The second wave is characterized by its international scope, with sellers doing business in many countries and in many  languages though translation and currency conversion are two impediments to the efficient conduct of global business. The  fast increase from 12% in 2004 to 60% in 2009, in broadband connections in homes, and is a key element in the B2C component to make Internet more efficient.

In the second wave, Radio Frequency Identification (RFID)  devices and smart cards are being combined with biometric technologies, such as fingerprint  readers and retina scanners, to control more items and people in a wider variety of situations.

These technologies are increasingly integrated with each other and with communication systems that allow companies to communicate with each other and share transaction, inventory  level, and customer demand information effectively.

4 0
3 years ago
The ______ cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use
Luden [163]

Answer:

The answer is economic

Explanation:

4 0
2 years ago
Read 2 more answers
Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and
Fiesta28 [93]

Answer:

Some financial details with which to calculate the bid price are missing,find them in the attached question.

The bid price if the predetermined overhead rates have applied is $112,473.00 as shown below

Explanation:

a) Plantwide Overhead Rate = Manufacturing overhead/direct labor cost=$1,543,610.00/$947,000.00

Plantwide Overhead Rate = $1.63

Total Manufacturing Cost = Direct Material + Direct Labor + overhead applicable

Total Manufacturing Cost = $18,700.00+$21,400.00 + $(21400*1.63 )

Total Manufacturing Cost = $ 74,982

Bid Price = Total Manufacturing Costs *1.5(150%)

Company's Bid Price = $74,982.00*1.5

Company's Bid Price = $ 112,473.00

5 0
3 years ago
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