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3 years ago

A. If management reports truthfully, what economic events are likely to prompt the following accounting changes?

Business

1 answer:

Sav [38]3 years ago

5 0

Answer:

Increase in the estimated life of depreciable assets

Opinion of third parties

Explanation:

If management reports truthfully, the economic events that are likely to prompt the following accounting changes are an increase in the estimated life of depreciable assets.

The features of accounting, that would make it costly for dishonest managers to make the same changes without any corresponding economic changes is auditing.

Auditiors are the third parties which provide a clean account of the financial statement of the company, therefore if the changes in the accounting policy are consistent with economic changes, the audits will not provide a clean account of the financial statement

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Which leadership style did the CEO of the healthcare system demonstrate in the EHR selection process?

mestny [16]

Answer:

The characteristics that health care must demonstrate and should have focus are:

- Compliance with regulatory standards

- Ability to manage

- Knowledge about the field of interest

- Event prevention

- handle from the different equipment and platforms

7 0

3 years ago

MC Qu. 112 A company is considering... A company is considering the purchase of new equipment for $105,000. The projected annual

Alina [70]

Answer:

Net Present Value = $660.98

Explanation:

The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite.

NPV of an investment:

NPV = PV of Cash inflows - PV of cash outflow

PV of cash inflow = A× (1- (1+r)^(-n))/r

A- annul cash inflow, r- 8%, n- 3

PV of cash inflow= 41,000× (1- 1.08^(-3))/0.08

= 105,660.98

Initial cost = 105,000

NPV = 105,660.98 - 105,000

= $ 660.98

3 0

3 years ago

Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. A

STatiana [176]

Answer:

Hie, the question you have provided is missing the Sales figures.

However steps to calculate the accounts receivable turnover are explained below:

Accounts receivable turnover is an activity ratio that shows how effective is the company managing credit extended to debtors.

Accounts receivable turnover = Net Credit Sales / Accounts Receivable

From Our Scenario we have the following

Net Credit Sales = Missing

Accounts Receivable = $25,000

The Ratio is measured in times.

3 0

4 years ago

Distinguish between private sector and public sector enterprises (by giving any two points of distinction).

PilotLPTM [1.2K]

Answer:

Explanation:

Private Sector enterprises have a goal of making profit and it employs more workers who work long hours. They are run by organisations and are free from Government control. They are usually funded by individual investments.

Public Sector Enterprises are fully owned and controlled by the Government. they are controlled by the government and funded by the government. They enjoy monopoly in operation.

3 0

3 years ago

Global Services is considering a promotional campaign that will increase annual credit sales by $570,000. The company will requi

klasskru [66]

Answer:

The investments in accounts receivable, inventory, and plant and equipment based on the turnover ratios would be the following:

Accounts receivable is $190,000

Inventory is $95,000

Plant and equipment is $570,000

The Total would be of $855,000

Explanation:

According to the given data we have the following:

Global Services is considering a promotional campaign that will increase annual credit sales by $570,000.

Therefore, in order to calculate the the investments in accounts receivable, inventory, and plant and equipment based on the turnover ratios we would have to make the following calculations:

Accounts receivable=$570,000/3=$190,000

Inventory=$570,000/6=$95,000

Plant and equipment=570,000/1=$570,000

Therefore, the Total would be of $855,000

6 0

3 years ago