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vladimir2022 [97]
3 years ago
5

Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine each of the following:

Business
1 answer:
vfiekz [6]3 years ago
3 0

Answer:

The following are the answers to the question, using the FASB Acounting Standards Codification at the FASB website:

1. Topic 260, FASB Accounting Standards Codification is the topic number (Topic XXX) that provides the accounting for earnings per share.

2. FASB ASC 260-10-50-1

3. FASB ASC 260-10-50-2

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Which is not an area of significant difference between manufacturing and service operations?a) forecasting demand b) uniformity
ioda

Answer:

Letter a is correct.<u> Forecasting demand.</u>

Explanation:

The correct alternative is forecasting demand, because it is only possible to predict future demand for the manufacture of some good, according to the statistical data of the service provided, so this is an area between manufacturing and related services.

Demand forecasting is a process of finding statistical and economic data that assists in future organizational control, such as sales and cash flow planning, inventory and purchasing control, production planning and others.

By analyzing the past scenario it is possible to predict variables that will impact the future of the business, so for the forecast to be carried out effectively, some steps must be considered:

  • Data collection and analysis ;
  • Objective identification of the applied model ;
  • Forecasting techniques;
  • Monitoring .

Demand forecasting technique, when well planned and executed, guarantees several strategic and competitive benefits for the company, besides being an essential instrument in the decision making process.

7 0
3 years ago
Suppose Chef City manufactures cast iron skillets. One model is a 10-inch skillet that sells for $28. Chef City projects sales o
cluponka [151]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Chef City projects sales of 625 10-inch skillets per month. The production costs are $5 per skillet for direct materials, $2 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Chef City has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,000 per month. Chef City is budgeted to produce 721 skillets in July with a $10 production cost per skillet.

COGS= units sold* manufacturing cost

COGS= 625*10= 6,250

7 0
4 years ago
What is value laden exchange?​
siniylev [52]

Answer:

A value exchange is a description of a transaction which can include, but may not necessarily be, financial in nature. Examples of a value exchange between a brand and a customer can include: The trading of money for goods or services (a straightforward financial transaction)

Explanation:

8 0
2 years ago
Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio
PilotLPTM [1.2K]

Answer:

The largest amount by which the money supply can increase is $1,875

Explanation:

According to the given data, we have the following:

Checking/Demand Deposit = $150 (which is assumed to be the part of new money supply)

Required reserve ratio = 8% = 0.08

Therefore, first we need to calculate the money supplier as follows:

Money multiplier 1/rr

Money multiplier = 1/0.08

Money multiplier = 12.5

Hence for $150 deposited the money supply will increase by $(150×12.5) =$1,875

The largest amount by which the money supply can increase is $1,875

7 0
4 years ago
A student would like to buy cross-over SUV from a local dealer, but she thinks the payments will be too high. Marketing does not
lisov135 [29]

Answer:

The correct answer is C

Explanation:

A student who is interested in buying a car from a dealer and for that the marketing of the car does not occur as she thinks that the payments of the car will be too high. So, this will state that from the parties involved, one party does not have the ability or potential to persuade or satisfy the needs.

5 0
3 years ago
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