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3241004551 [841]
3 years ago
14

______ The Financial Accounting Standards Board (FASB) is the primary organization responsible for setting accounting standards

in the United States, known as Generally Accepted Accounting Principles (GAAP).
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
4 0

True

The Financial Accounting Standards Board (<em>FASB</em>) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (<em>GAAP</em>).

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IN the economic order quantity model, if carrying costs increase while all other costs remain unchanged, the number of orders pl
kotegsom [21]

Answer:

b. decrease

Explanation:

In the EOQ model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to <u>decrease</u>.

Carrying cost is placed in denominator of the EOQ formula hence as we increase denominator the total quantity will fall. If the carrying cost is high, then we would place lesser order to reduce such costs.

Also, if carrying costs decrease while all other costs remain unchanged, the number of orders placed would be expected to decrease because there is already excess of inventory due to which the new orders have to be decreased to utilize the already pending inventory.

4 0
3 years ago
Equipment which cost $426,000 and had accumulated depreciation of $228,000 was sold for $222,000. This transaction should be sho
Rina8888 [55]

Answer:

A) deduction from net income of $24,000 and a $222,000 cash inflow from investing activities

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

When an asset is sold, the gain on disposals is a non cash items that will be deducted (or added where a loss was made on disposal) to the net income. The amount received from the disposal is recognized as an inflow in the investing section of the cash flow statement.

The gain/(loss) from disposal

= $222,000 - ($426,000 - $228,000)

= $24,000

5 0
3 years ago
According to the three-needs theory, the need for ________ is the need to make others behave in a way that they would not have b
Talja [164]

Answer:  Power  

                                           

Explanation: In simple words, power refers to the need in which one aims to gain authority and recognition in which their subordinate and colleagues values them and behaves with them in utmost respect.

Usually, such need brings conflicts in group as if any issue arises the one in the power always wins and the other will always loose no matter who was wrong and who was right.

People in this category usually employs high discipline and remain inn need for a tweeter personal recognition.

5 0
3 years ago
Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemp
finlep [7]

Answer:

$ 915.71  

Explanation:

In order to determine the second bond price we need to determine the number of years to maturity of the first bond using nper formula in excel.

=nper(rate,pmt.-pv,fv)

rate is the semiannual interest rate of 6% (12%*6/12)

pmt is the semiannual interest=$1000*8.3%*6/12=$41.50  

pv is the current price at $813.04

fv is the face value of $1000

=nper(6%,41.50,-813.04,1000)= 16.00  

The years to maturity=16/2=8 years

The years to maturity of second bond=8+3=11 years

price of second bond=-pv(rate,nper,pmt,fv)

rate is 6%

nper is 11 years multiplied by 2= 22

pmt =5.3%*$1000=$53

fv is $1000

=-pv(6%,22,53,1000)=$915.71  

5 0
3 years ago
Read 2 more answers
For your next print mail campaign, you learn that the cost to print 5,000 postcards is $4,800 and cost to print 15,000 is $5,500
Leto [7]

Answer:

$0.07

Explanation:

Given that

Initial price = 4800

Current price = 5500

Initial quantity = 5000

Current quantity = 15000

Recall that

Marginal cost = (change in price) ÷ (change in quantity)

Thus

MC = (5500 - 4800) ÷ (15000 - 5000)

= 700 ÷ 10000

= $0.07

Note that, marginal cost refers to the extra cost added in producing 1 additional unit of product or output

3 0
3 years ago
Read 2 more answers
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