The given statement can be marked as true because the expense recognition principle requires an estimated expense be reported in the same period as the related credit sale rather than later when the customer is identified.
<h3>What is the GAAP?</h3>
GAAP refers to the Generally Accepted Accounting Principles, which is a set of collection of rules and procedures for financial reporting.
The purpose of GAAP is to create a consistent and comparable method of accounting which ensures that a company's financial records are complete and homogeneous.
It also gives a complete picture of the company's financial position.
Learn more about the GAAP here:-
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Answer:
The answer is option A) To reduce her risk of making a Type II error, she should Increase the number of local consumers she will sample
Explanation:
A type II error is sometimes called a beta error because it confirms an idea that should have been rejected, claiming the two observances are the same, even though they are different. A type II error is essentially a false positive.
A type II error can be reduced by making more stringent criteria for rejecting a null hypothesis such as:
- Increasing the the sample size used in the Test: this is a strategy used to increase the power of the test and reduce the error to a considerable amount.
- Increasing the significance level: choosing a higher level of significance is important for double checking and which increases accuracy.
In the context of sequencing, the shortest processing time rule
minimizes the average lateness of a set of jobs.
Under the shortest processing time rule, if the highest priority is to minimize the average job lateness then the job sequence should begin with those jobs requiring the shortest processing time. The chief disadvantage of the shortest processing time rule is that long-duration jobs may have excessive completion times.
Answer: No
The order of variables does not matter when combining like terms in algebra, because of the commutative property.
Explanation:
Consider the addition of two algebraic expressions.
f(x) = x³ - 5x² + 3x - 2
g(x) = 6x³ + 10x² - 7x + 9
Add f(x) and g(x).
f(x) + g(x) = x³ - 5x² + 3x - 2 + (6x³ + 10x² - 7x + 9)
= x³ + 6x³ - 5x² + 10x² + 3x - 7x - 2 + 9
= 7x³ + 5x² - 4x + 7
Now add g(x) and f(x) in order to change the order of variable addition.
g(x) + f(x) = 6x³ + 10x² - 7x + 9 + (x³ - 5x² + 3x - 2)
= 6x³ + x³ + 10x² - 5x² - 7x + 3x + 9 - 2
= 7x³ + 5x² - 4x + 7
The two additions yield the same result, although the order of variable was reversed during the addition.
In general, algebraic operations are commutative.
Your answer would be they offer Higher interest rates.
