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2 years ago

Which of the following statements is false?

Business

1 answer:

ella [17]2 years ago

3 0

Answer: D

Explanation:

Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.

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Grizzly Company had Retained Earnings at December 31, 2018 of $300,000. During 2019, the company had revenucs of $600,000 and ex

scZoUnD [109]

Answer:

b. $358,500

Explanation:

Given;

Retained Earnings at December 31, 2018 = $300,000

In 2019,

Revenue = $600,000

Expenses = $525,000

Declared and paid dividends = $16,500

Retained earnings on the balance sheet as of December 31, 2019

= $300,000 + $600,000 - $525,000 - $16,500

= $358,500

The right option is b. $358,500

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3 years ago

N a just-in-time logistics system, __________. producers supply products to resellers before customers place their orders produc

Reika [66]

Retailers carry small inventories of merchandise to last for only a few days, in a just-in-time logistic system. In a just in time logistic system, the retailers carry small inventories of the merchandise to last for only a couple of days. So the answer in this question is the retailers carry small inventories of merchandise to last for only a few days.

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3 years ago

The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not bala

shepuryov [24]

The period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS was during:

D. Economic recessions.

According to the given question, we are asked to show the period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was important for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

Read more about Keynesian Economics here:

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2 years ago

Employees in an advertising company are well paid, yet they all seem to be lacking interest in work and are demotivated. What no

zysi [14]

the answer here is d

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3 years ago

2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this mar

swat32

Companies often set target for themselves. The reasons why it is difficult for this firm to make money is that;

As a result of poor demand for the products
It can be also be like due to the power or prestige gained over the years by the supermarkets is depreciating.
This can be due to the small price margin or the price competition from other manufacturers.
Losses encountered via the issue of Private Label
Poor marketing and advertisement strategy and poor budget allocation for it.

Kayem Foods is a very popular brand. It is known to be a 4th generation family owned business. It has it headquartered in Chelsea, MA.

It is commonly known in the world to be the biggest processed meat company that is found in New England. They are based on natural casing, fully cooked and fresh sausage etc.

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2 years ago