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2 years ago

What happens when you do not make a decision?

2 answers:

5 0

When you don’t make a decision, you are making the choice to take no action. As a result, you must accept whatever happens or whatever others choose for you. You are also giving up control over your own life.

DENIUS [597]2 years ago

4 0

Making decisions are always an important part. But failure in making decision may cause something unexpected. in most of the time a right decision at right time helps a lot... so for making a good decision one should follow some steps- like what are the good aspect if someone take this decision and what are the negative impact of this decision and if the probability of positiveness is more... than one should take that decision.. and if someone have confusion between what to do? and have to decide which decision to take among many ideas in mind one should do the same steps but this time he/she should write them in a page for each decision a single page and than take the one which is prominent..

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Which of the following are in accordance with IFRS? Cash basis accounting Both accrual basis and cash basis accounting Neither a

Anton [14]

Answer:

Accrual basis accounting

Explanation:

Under Accrual basis of accounting, income is recognized when it is earned and not when actual cash is paid or received.

Under cash basis of accounting, income is only recognized when actual cash is received.

Accrual basis of accounting ensures transactions pertaining to a period are recorded in that period and it depicts more accurate financial picture unlike in cash accounting wherein income for a period might be overstated or understated.

Following cash basis of accounting is not in accord with both US GAAPs (generally accepted accounting principles) and IFRS.

7 0

3 years ago

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th

Lina20 [59]

Answer:

A. Compliance with applicable laws and regulations.

Explanation:

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.

7 0

3 years ago

The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Cu

Delicious77 [7]

Answer and Explanation:

The computation is shown below;

Working capital = Current Asset - Current Liabilities

= $569,000 - $280,000

= $289,000

Current ratio = Current Asset ÷ Current Liability

= $569,000 ÷ $280,000

= 2.03

Acid-test (quick) ratio = {(Current Asset - Inventory - prepaid expense) ÷ Current Liabilities }

= {{$569,000- $320,000 - $8,000) ÷ ($280,000)}

= 0.86 times

Debt-Equity ratio = Total Liability ÷ Shareholders' Equity

= $670,000 ÷ $759,000

= 0.88 times

Times interest earned = EBIT ÷ Interest Charges

= ($1,224,000 + $35,100) ÷ ($35,100)

= 35.87 times

Average collection period

= 365 ÷ ($3,010,00 ÷ $215,000)

= 26 days

The $215,000 comes from

= ($210,000 + $220,000) ÷ 2

= $215,000

7. The average sales period is

= 365 ÷ ($1,110,000 ÷ $300,000)

= 99 days

The $300,000 comes from

= ($280,000 + $320,000) ÷ 2

= $300,000

8. The operating cycle is

= 99 days - 26 days

= 73 days

3 0

2 years ago

How does a market economy operate?

Tanya [424]

Answer:

The principle of market economy dictates that producers and sellers of goods and services will offer them at the highest possible price that consumers are willing to pay for goods or services. When the level of supply meets the level of demand, a natural economic equilibrium is achieved.

Explanation:

5 0

2 years ago

Additional paid-in capital is most likely to appear on the balance sheet of a corporation that:

ArbitrLikvidat [17]

Answer:

b. has no-par value stock.

Explanation:

Additional paid-in capital represents the amount of money that shareholders have paid for their shares of stock, in excess of the par value of the stock. This is most likely to occur with no-par value stock, which has no set value assigned to each share.

7 0

1 year ago