Answer: The correct answer is "a. the ability of management to use accruals to reduce the volatility of reported earnings over time.".
Explanation: Income smoothing refers to <u>the ability of management to use accruals to reduce the volatility of reported earnings over time.</u>
The smoothing of earnings is a practice that consists in reducing fluctuations in recognized income and, therefore, fluctuations in earnings. That is, the smoothing of earnings implies saving income in bonanza times to recognize them accountingly when income is meager.
Answer:
$406.07
Explanation:
Revenue for year 1 = $100
Profit = 20%
Growth rate of revenue, = 15% per year = 0.15
Now,
year 1 is the base year thus, take it as n = 0
Revenue for the year = $100 × ( 1 + r )ⁿ
Profit = 20% of [$100 × ( 1 + r )ⁿ]
Year n Revenue Profit
1 0 $100( 1 + r )⁰ $20
2 1 $100( 1 + r )¹ $23
3 2 $100( 1 + r )² $26.45
4 3 $100( 1 + r )³ $30.4175
5 4 $100( 1 + r )⁴ $34.98
6 5 $100( 1 + r )⁵ $40.227
7 6 $100( 1 + r )⁶ $46.261
8 7 $100( 1 + r )⁷ $53.2004
9 8 $100( 1 + r )⁸ $61.1804
10 9 $100( 1 + r )⁹ $70.357
Hence,
Total profit for the year 1 - 10 = $406.07
Answer:
Letter c is correct!
Explanation:
This question addresses the hierarchy of an organization, which is the structure of task distribution in a company for business success. In the case exemplified in the question, Blue company is at the top of the company hierarchy because it was she who had the authority to name Gage. as an agent and authorized him to appoint Vond, a subagent to assist with car sales. Therefore Vond in Blue's hierarchical structure, owes a fiduciary duty to Blue and Gage.
Answer:
Tony and Gareth
Explanation:
Basic eligibility requirements for financial student aid are:
- Be a U.S. citizen or an eligible noncitizen (including a U.S. national or permanent resident) and have a valid Social Security number.
- Have a high school diploma or GED certificate.
- Be enrolled or accepted as a student in an eligible degree or certificate program.
- Earn a minimum GPA.
Tony has still not completed high school, and Miami resident Gareth does not has a social security number.
Keith and Marshall may be eligible for the financial student aid if they meet all other requirements for financial student aid.
BRCK is an example of a <u>International company . </u>
<u>BRCK began in 2014 and from the start designed its products in a developing country while manufacturing in a developed country. Its corporate headquarters are in Nairobi, Kenya, at a technology center that houses a small group of entrepreneurs. By 2016, the company was selling in 50 countries.</u>
Explanation:
International companies are those companies that sell their products Globally,but when it comes to production they prefer ,to carry out the task in developing countries mainly because the governments in developing countries offer various incentives to international companies like lower taxe rate and less legal regulations, with the intention of encouraging them to to set up factories.
<u>BRCK began in 2014 and from the start designed its products in a developing country while manufacturing in a developed country. Its corporate headquarters are in Nairobi, Kenya, at a technology center that houses a small group of entrepreneurs. By 2016, the company was selling in 50 countries.</u>
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<u>Thus BRCK IS AN EXAMPLE OF AN INTERNATIONAL COMPANY</u>