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2 years ago

True or false: The SEC has delegated the primary responsibility for setting accounting standards to the AICPA.

1 answer:

6 0

Does the SEC have the power to set accounting standards. The SEC has delegated the primary responsibility for setting accounting standards to the AICPA is a False statement.

<h3>What is the SEC position in the financial reporting process?</h3>

The SEC position is known to be a Commission that has been empowered with the authority under the securities laws of the United States.

They are empowered to set accounting standards to be followed by all public firms and they are known to also have the power to make sure that those standards are followed.

Conclusively, The SEC delegated accounting standard setting is said to be to FASB.

Learn more about SEC from

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Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, c

Lynna [10]

Answer:

A. $600

Explanation:

The formula and the computation of the Marginal propensity to consume are shown below:

Marginal propensity to consume = Change in consumer spending ÷ Change in disposal income

0.6 = Change in consumer spending ÷ $1,000

So, the change in consumer spending is

= $1,000 × 0.6

= $600

Hence, the consumption that is given in the question is not considered. Therefore, ignored it

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2 years ago

QUESTION 25

Ipatiy [6.2K]

Answer:

160

Explanation:

Given: CPI basket contain 400 oranges and 800 pens.

In the base year, price of oranges is $1 and pen is $0.75.

This year urban customer buy oranges at $2 each and pens at $1 each.

To find consumer price index (CPI), we need to check price of basket in current year and base year.

∴ Current year´s price for 400 oranges and 800 pens = $400\times 2= \$ 800\\800\times 1= \$ 800$

Now, adding the price to get cost of basket

Cost of basket in current year= $800+800= \$ 1600$

Base year´s price for 400 oranges and 800 pens= $400\times 1= \$ 400\\800\times 0.75= \$ 600$

Cost of basket in base year= $400+600 = \$ 1000$

Next, calculating the CPI of this year

Formula; CPI= $\frac{\textrm{ Cost of basket in current year}}{\textrm{ cost of basket in the base year}} \times 100$

CPI for the year = $\frac{1600}{1000} \times 100 = 160$

∴ Consumer price index (CPI) = 160.

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What is the principle of E-commerce?

timurjin [86]

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Based on this research, which activity is this

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