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3 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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an employee of a company is being paid to assist in the sale of stock options to the company's employees and will recieve a bonu

DENIUS [597]

Answer:

An employee of a company who is being paid to assist in the sale of stock options to the company's employees and receives a bonus based on sales results is referred to as an Agent. This is in accordance with Uniform Securities Act.

Explanation:

The Uniform Securities Act refers to an employee of a company who is paid to assist in the sale of stock option to the company's employees and receives a bonus based on sales results as an agent. Such an employee is required to register with the state.

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Which sentence is not a correct use

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Definitely C. Doesn’t even make sense

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4 years ago

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What are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and clos

denis23 [38]

Answer:

operational business processes

Explanation:

The processes carried out within a company are divided into:

operational business processes: carried out by entry level employees and includes routine daily business processes
tactical or managerial business processes: carried out by lower management or supervisors and includes semi-routine monthly business processes
strategic business processes: carried out by upper management and includes dynamic, non-routine long-term business decision processes

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3 years ago

A presentation in the sales process is designed to match the benefits of a product to the client's ______.

elixir [45]

Answer:

needs

Explanation:

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2 years ago

(Prob. 5.32) The industrial engineering department for Invade Air Fresheners has found that a new packing machine should save $4

cluponka [151]

Answer:

It will be willing to pay up to $297,853.46

Explanation:

First, we calculate present value of the cash saving

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 45000

time 8

rate 0.05

$45000 \times \frac{1-(1+0.05)^{-8} }{0.05} = PV\\$

PV $290,844.57

Then, the present Value of the salvage value

$\frac{Salvage}{(1 + rate)^{time} } = PV$

Maturity 7.50 %

time 8.00

rate 0.05

$\frac{7.5}{(1 + 0.05)^{8} } = PV$

PV 5.08 %

This is calculate as a percent, because we are not given with a cash value.

Last, the 12,000 major overhaul

$\frac{Overhaul}{(1 + rate)^{time} } = PV$

Maturity -12,000.00

time 8.00

rate 0.05

$\frac{12000}{(1 + 0.05)^{8} } = PV$

PV -8,122.07

This PV is negative as it is a cash out-flow

Lastly, we add them all:

290,844.57 + 0.0508PV - 8,122.07 = PV

<u>And solve for PV</u>

290,844.57 - 8,122.07 = PV - 0.0508PV

282,722.5‬ = 0.9492PV

282,722.5/0.9492 = PV

PV = 297,853.455541 = 297,853.46

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3 years ago