1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semmy [17]
3 years ago
13

Gray argues that national cultural values affect accounting values. If Country X ranks low on uncertainty avoidance, which of th

e following statements would be true?
a. the country would rank high on the accounting values of uniformity
b. the country would rank high on the accounting values of secrecy
c. the country would rank low on the accounting values of professionalism
d. the country would rank low on the accounting values of conservatism
Business
1 answer:
antoniya [11.8K]3 years ago
7 0

Answer:

d. the country would rank low on the accounting values of conservatism

Explanation:

Gray's accounting framework postulates that the 4 accounting values of professionalism, conservatism, secrecy, and uniformity can be used to predict differences in accounting systems internationally.

Uncertainty avoidance is the degree to which cultures tolerate unpredictability.

Counties with high uncertainty avoidance are more conservative for example Japan.

While countries that have low uncertainty avoidance are less conservative. They are flexible to change and more willing to take risks.

You might be interested in
It is assumed that the activities of Ford Motor Corporation can be distinguished from those of General Motors because of the
Margarita [4]

Answer:

It is assumed that the activities of Ford Motor Corporation can be distinguished from those of General Motors because of the

Economic entity assumption.

Explanation:

The reasons behind this answer are that in the first place ford motor company allows the professionals of accounting and finance to view the states of the proprietors business transactions in a different dimension than the owner's transactions. Even though when they are not completely two different businesses. But they can be separated for accounting purposes. Unlike general motors company, that can't allow the finance and accountancy professionals to do this, because they are not interdependent.

6 0
3 years ago
The valuation of the cat food business is based on cash flows of $180,500 per year over a five year period. The target business
mezya [45]

Answer: $690,044

Explanation:

First calculate WACC.

Total capital = 10 + 8 = $18 million

WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)

= (8/18 * 3%) + (10/18 * 15%)

= 9.67%

Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.

= 180,500 * (1 - (1 + r) ^-n)/r

= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%

= $690,044.67

= $690,044

They should pay no more than this present value.

4 0
3 years ago
Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5
snow_tiger [21]

Answer:

2041 shares

Explanation:

Maximum amount for investment = $ 50 000 / 70 % = $ 71428.571

maximum number of shares =  $ 71428.571 / $ 35 = 2040.812 approx 2041 shares

6 0
3 years ago
If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the
Paul [167]

Answer:

b. decrease in the demand for the good. 

Explanation:

An inferior good is a good whose demand falls when income increases and rises when income decreases.

A decrease in demand would lead to a leftward shift of the demand curve.

Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.

Only a change in the price of a good leads to movement along the demand curve for that good.

I hope my answer helps you

7 0
3 years ago
Last year, Cayman Corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000.
UNO [17]

Answer:

b. 13.9%

Explanation:

sales                   7,000,000

variable cost   <u>  (3,000,000)  </u>

contribution       4,000,000

fixed cost           (1,500,000)

interest              <u>   (480,000)  </u>

EBT                     2,020,000

tax expense          (707,000)

net income           1,313,000

contribution margin 4,000,000 / 7,000,000 = 4/7

if sales increase by 7%:

7,000,000 x 0.07 x 4/7 x (1- 0.35) = 182,000

income after increase in sales: 1,313,000 + 182,000 = 1,495,000

increase in earnings: 1,495,000 / 1,313,000 - 1 = 0.138613861 = 13.9%

3 0
3 years ago
Other questions:
  • Which of the following describes what a computer programmer does?
    11·1 answer
  • after all of your expenses are subtracted from your income, the money left over is known as your savings.
    14·1 answer
  • Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there
    7·1 answer
  • When the sequel to Star Wars: The Force Awakens eventually shows up on their regular television networks, this group might watch
    14·2 answers
  • Ivan and Olga own a duplex. They collect the rents and make repairs to the property when necessary. That is, they are active par
    14·1 answer
  • Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $94,000 cash immediately
    15·1 answer
  • The table below pertains to a small agricultural economy where the typical consumer's basket
    9·1 answer
  • Mr. Jagger is purchasing a $3,000,000 home by borrowing 80% of the purchase price. His loan terms are: 15 years amortization, mo
    14·1 answer
  • Which 4 methods allow clients to process digital payments from customers using QuickBooks Online Payments? (Select all that appl
    11·1 answer
  • The AutoSum icon is located in<br> which of the following groups on the<br> Home tab? *
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!