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Setler79 [48]
4 years ago
13

Generally accepted accounting principles are procedures and guidelines to be followed in the accounting/reporting process.

Business
1 answer:
sleet_krkn [62]4 years ago
4 0

Answer: TRUE

Explanation: US GAAP refers to the set of accounting principles and procedures that the accountants must need to follow while preparing the financial statements like balance sheet and income statement.

These rules are made for better presentation and comparison purpose. These standards help the users of financial statements to have better understanding.

Thus, from the above we can conclude that the given statement is true.

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"Phillips and Sanchez is a retailer that operates a national chain of home furnishings stores. It has designed a website and a s
Annette [7]

Answer:

Omnichannel strategy

Explanation:

Omnichannel strategy -

It is the strategy adapted by an organisation in order to enhance the experience of the user .

It is a cross - channel content strategy .

The resources of these , Omnichannel strategy , are are orchestrated  and designed to cooperate .

This approach or strategy is used in many industries , like ,telecommunications ,  retail , government , healthcare and financial services .

Hence , the example given in the question , is of  a Omnichannel strategy .

7 0
3 years ago
LO 8.5Identify several causes of a favorable material quantity variance.
BlackZzzverrR [31]

Answer:

Possible causes of material quantity variance:

1. The use of sub-standard material

2. The use of unskilled labour

3.  Wastage of material

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance.  The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material                                                  due to low quality of inputs also results to unfavorable material quantity variance.                                                                        

3 0
3 years ago
The value of what type of money comes from what it is made of?
vladimir1956 [14]

Answer:

a.representative money

Explanation:

sure po ako dyan na ayan po ang sagot maraming salamat po

3 0
3 years ago
Suppose that after hurricane​ Irene, the average income in Cape​ Charles, Virginia decreased by 4 percent. In response to this c
9966 [12]

Answer:

The income elasticy of demand for steak is 0.5

Explanation:

The income elasticity of demand formula is:

IED = Δ%Q / Δ%Y

Where:

  • Δ%Q is change in quantity demanded
  • Δ%Y is change in income

So for this case:

IED = 2%/4%

      = 2/4

      = 0.5

8 0
3 years ago
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and
Nat2105 [25]

Answer:

huh.............................................................................................

6 0
3 years ago
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