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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.
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The management at Dime Corporation is investigating purchasing equipment that would increase sales revenues by $527,000 per year
Contact [7]

Answer:

option (D) : 34.05%

Explanation:

As per the data given in the question,

Computation of Simple rate of return :

Investment = $425,000

Depreciation = (Initial cost - salvage value) ÷ useful life

= ($425,000 - 0) ÷ 10

= $42,500

Net profit = Sales revenue - cash operating expense - Depreciation

= $527,000-$339,800-$42,500

= $144,700

Simple rate of return = Net Profit ÷ Investment

= $144,700 ÷ $425,000

= 34.05%

Hence, option (D) is correct answer

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3 years ago
Million dollar question. does money equal happiness? Explain with a paragraph
aliina [53]
It depends on the person I would definitely be happy but that’s just me
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Nutka1998 [239]

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Explanation:

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8. Which of the following countries is the most extreme example of a centrally-planned economy?
larisa [96]

Answer:

North Korea

Explanation:

I hope this helps

6 0
3 years ago
Sanjay is a manager at Ridgeway Appliance Corp. and is responsible for helping the company reach its goal of purchasing a manufa
xeze [42]

Answer:

effectiveness

Explanation:

<em>Effectiveness </em>is the essential pillar of business management. Commonly mistaken for efficacy, it isn't quite the same thing. Effectiveness is doing the right thing that helps achieve business goals, while efficacy is how the practice is performed, rationally using available resources. Since the example emphasizes Sanjay's plan that will help the company reach business goals, it is an effectiveness example.

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3 years ago
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