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Eduardwww [97]
3 years ago
13

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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Tyrone’s hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 on his monthly expenses. if tyron
oee [108]

Net pay = $18 * 72% = $12.96 per hour

Hours worked = 40 hours * 4weeks = 160 hours

So, the net pay for 160 hours is:

Net pay = Pay per hour × Hours worked

=$12.96 × 160 =$2,073.6

Monthly cash inflow = Net pay − Expenses

= $ 2073.6 − $ 1,800 = $273.6

So the monthly cash inflow is $273.6

What's the purpose of a monthly cash flow report?

The monthly cash flow report's main objective is to give a general picture of the month's financial operations. Monthly cash flow statements are used by businesses to keep a careful eye on cash inflows and outflows.

What is net pay?

Net pay is the term used to describe the take-home pay that employees get after all payroll deductions have been made from their gross pay.

Learn more about cash flow: brainly.com/question/10714011

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7 0
1 year ago
Which function relates to maintaining inventory?
finlep [7]

Answer:

The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.

5 0
3 years ago
Perfect Roofing Company receives a check from Quik Mart for fixing its roof, and indorses the check to Repair Supplies, Inc. (RS
Arturiano [62]

Answer:

d.Todd

Explanation:

In commercial law, a holder in due course (HDC) is the person or entity that has the legal right to collect payment. In this case, Todd wasn't even involved in the original transaction and might have never even heard of Perfect Roofing or Quick Mart, but he received a valid instrument as a gift from Sam. Under the shelter principle, the fact that Todd received the instrument from Sam in a legal way, qualifies him as an HDC.

7 0
4 years ago
When considering your mind-set, all of the following are important to think about expect:
TiliK225 [7]
I believe that the correct answer for this question would be option D. EXTERNAL. When considering your mind-set, motivation, attitude and effort are <span>important to think about except for the external which are the opportunities and resources available, since these are the things that are out of your control. Hope this answer helps.</span>
5 0
4 years ago
Luigi's Pizzeria is considering to hire two more workers, Jessie and Kathy. Suppose that the market wage for another worker is $
Irina18 [472]

Answer:

D) Luigi should hire both workers as long as their marginal products do not change.

Explanation:

As long as the employees' marginal revenue product equals or exceeds their marginal cost, they should be hired.

Marginal revenue product = marginal physical output x price per unit

The marginal cost for hiring both Jessie and Kathy is $80.

Jessie's marginal revenue product = 10 pizzas x $9 per pizza = $90 > $80

Kathy's marginal revenue product = 9 pizzas x $9 per pizza = $81 > $80

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4 years ago
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