1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yuradex [85]
3 years ago
15

Alex is a member of Government Accounting Standard Body (GASB). This accounting body is not a government entity. GASB has been f

ormed in agreement with which accounting federation?
Business
1 answer:
user100 [1]3 years ago
3 0

Answer:

The creation of the Government Accounting Standard Body (GASB) involved many institutions. It was not just an agreement between accounting federations. The institutions that agreed the creation and standards of GASB are:

  • Financial Accounting Foundation
  • American Institute of Certified Public Accountants
  • Government Finance Officers Association
  • National Association of State Auditors, Comptrollers and Treasurers
  • seven organizations representing state and local government officials.
You might be interested in
Given :
KIM [24]

Answer:  

Direct Method

          Operting Activities

$1,390 Cash Collected from Services

-$7,864 Cash to rent Equipment

-$0,864 Cash to repair facilities

$24,285  Collected from customers  

        Financing Activities

-$0,150  Repaid Long Term  

$16,797  Net Cash  

Explanation:

These others activities are not included because doesn't inclulde movements of cash.

(2) Purchased new equipment costing $3,434; signed a long-term note.

8 0
3 years ago
A _________ is generally considered an appreciating asset because it may _________ in value over time.
jeka94

A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.

8 0
3 years ago
Read 2 more answers
Being on time in business situations generally means being about ________________.
Alla [95]

Answer:

Being on time in business situations generally means being about 5 minutes early

Explanation:

5 minutes late is acceptable with a brief apology. Ten to fifteen minutes late requires a phone call to warn of the delay and to apologize.

4 0
1 year ago
Jay's Bakery has a bond issue outstanding that matures in eight years. The bonds pay interest semiannually. Currently, the bonds
asambeis [7]

Answer:

Ans. The after tax cost of this debt is 4.8526% annual.

Explanation:

Hi, first we have to establish the amount to pay for each coupon. In our case, the coupon is paid semi-annually, so the coupon is:

Coupon=\frac{CouponRate}{2} *100=\frac{0.057}{2} *100=2.85

we also need to take into account that this is an eight years bond, we need to change years into semesters, so 8 years = 16 semesters.

We´re going to need MS Excel to find this value (Function "IRR"), Please see the attached excel sheet for further clarifications.

This is what it should look like

Price  97,8  

Coupon  5,70% annual

Coupon  0,0285 semi-annual

taxes  21%  

time             8 years

time            16 semesters

Period Cash Flow

     0 97,8

      1 -2,85

      2 -2,85

      3 -2,85

      4 -2,85

      5 -2,85

      6 -2,85

      7 -2,85

      8 -2,85

      9 -2,85

     10 -2,85

     11 -2,85

     12 -2,85

    13 -2,85

    14 -2,85

    15 -2,85

    16 -102,85

Using the "IRR" function, we get 3.0255%, but this discount rate is semi-annual, and the answer we are looking for has to be effective annual, therefore, we need to use the followiong formula.

r(Annual)=(1+0.030255)^{2 } -1=0.061425

So our discount rate (cost of this debt) before taxes is 6.1425% annual. In order to find the after tax cost of this debt, we have to use the following formula.

AfterTaxCost=Before TaxCost(1-Taxes)=0.061425*(1-0.21)=0.048526

Therefore, the after tax cost of this debt is 4.8526% annual.

Best of luck.

3 0
3 years ago
A country produces only apples and bananas. moving from point a to point b along its production possibilities​ frontier, 5 apple
LenaWriter [7]
The opportunity cost is greater than the one of the apples
7 0
2 years ago
Other questions:
  • Prices usually reflect a. both the value of a good to society and the cost to society of making the good. b. only the cost to so
    14·1 answer
  • Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR c
    10·1 answer
  • Al Razim, a construction engineer, recently traveled to Germany in order to find investors for his real-estate project. While he
    9·1 answer
  • Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U
    6·1 answer
  • Which of the following job titles would be categorized as careers in arts, A/V technology, and
    11·1 answer
  • Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
    10·1 answer
  • When Mandy last got her drive-through order at the fast-food restaurant, she thought the employee who helped her was cold and un
    7·1 answer
  • The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are p
    12·1 answer
  • Primary demand is a desire for the ________ rather than for a ________; it is often the focus of marketing when there are few co
    10·1 answer
  • 32. What is a predatory financial service?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!