Companies assign costs to inventory items, cost of goods sold (COGS), and closing stock using the average cost flow assumption. All items sold from inventory during the accounting period are averaged, and the average cost is then applied to the items.
What is the Average cost flow assumption ? The process by which costs are deducted from a business's inventory and reported as the cost of products sold is known as a cost flow assumption.The cost flow assumptions used in the US include FIFO, LIFO, and average. There is no need to guess if particular identification is used.Companies assign costs to inventory items, cost of goods sold (COGS), and ending inventory using the average cost flow assumption. All items sold from inventory during the accounting period are averaged, and the average cost is then applied to the items. This technique is frequently used when inventory products are so similar to one another that it is challenging to determine a precise cost for a single unit.
According to the average cost flow hypothesis, the only difference between all items of a particular class is their purchasing price. The differences in purchase prices are attributed to outside forces like inflation, supply.
A benefit of the average cost flow assumption is that it does away with the need to keep track of each individual item, which is useful when there are lots of comparable things flowing through the inventory at once. This method has a lower application cost than other working capital methods and, in theory, is less likely to fudge income because it involves little labor.
Learn more about Average cost flow assumption:
https://brainly.com/question/14531236
#SPJ4
foreign exchange rates have been very blank since 1973 due to the many crises that have occurred in this period, such as the opec oil crises and the asian currency crisis. multiple choice question. volatile
foreign exchange rates have been very volatile since 1973 due to the many crises that have occurred in this period, such as the OPEC oil and the Asian currency crises.
The foreign exchange rate is defined as the price of one currency relative to another. The goal of foreign exchange is to compare one currency to another in order to determine their relative values.
The foreign exchange rate is also known as the rate at which one currency is exchanged for another, or the price of one currency expressed in terms of another currency.
Currency exchange rates can be either fixed or floating. The fixed exchange rate is determined by the country's central bank, whereas the floating rate is determined by market demand and supply dynamics.
Some factors influence the exchange rate, which can be economic, political, or psychological. Inflation, trade balances, and government policies are all known economic factors that cause fluctuations in foreign exchange rates.
For more information on Foreign exchange rates, visit :
https://brainly.com/question/14231622
#SPJ4
Answer:
Volatile
Explanation:
foreign exchange rates have been very blank since 1973 due to the many crises that have occurred in this period, such as the opec oil crises and the asian currency crisis. multiple choice question.
Which of these is a disadvantage to only using cash to make purchases?
Cash advances require a lot of paperwork and are generally difficult to get is a disadvantage to only using cash to make purchases.
cash is felony gentle—forex or coins—that may be used to change items, debt, or offerings. every so often it also includes the fee of belongings that may be effortlessly converted into cash immediately, as reported with the aid of an employer.
Cash is the quantity of real cash an enterprise has at its disposal. it's miles are labeled on the balance sheet as a modern asset, which means it's miles in all likelihood for use within the subsequent 365 days, and is commonly held in bank money owed. money or its equal (consisting of a check) paid for goods or services at the time of purchase or delivery. coins. it's a shop of price. coins is extra than only a charge instrument. It permits humans to preserve money for saving functions without default chance. it is useful for a small man or woman-to-character presents and bills.Learn more about cash here: https://brainly.com/question/24179665
#SPJ1
Disclaimer: The question is incomplete. Please read below to find the missing content.
Which of the following is not a disadvantage to cash advances on a credit card?
a.
Cash advances are similar to loans in that they need to be paid back with interest.
b.
Cash advances require a lot of paperwork and are generally difficult to get.
c.
Cash advances are often the last thing to be paid when paying off your credit card.
d.
Cash advances often come with an interest rate much higher than your credit card.
if the rate on one-year t-bills currently is 6 percent, what is the repayment probability for each of the following two securities? assume that if the loan is defaulted, no payments are expected. what is the market-determined risk premium for the corresponding probability of default for each security? a. one-year aa rated bond yielding 9.5 percent? b. one-year bb rated bond yielding 13.5 percent?
the market-determined risk premium for the corresponding probability of a One-year AA-rated bond yielding 9.5 percent is 3.5%
the market-determined risk premium for the corresponding probability of a One-year BB-rated bond yielding 13.5 percent is 7.5%
Probability is a way to express how likely something is to happen in terms of a percentage. By dividing the total number of events by the number of favorable events, the probability is computed.
Probability is equal to the sum of the positive and negative events.
Possible values:
Bonds with an AA rating yield 9.5%.
Bonds with a BBB rating yield 13.5%.
Rate = 6%
a. The likelihood of repayment is determined as follows:
Probability of Repayment = (1 + Rate) / (1 + AA - Rated bond yielding)
P = (1 + 6%) / (1 + 9.5)
P = (1 + 0.06) / (1 + 0.095)
P = 1.06 / 1.095
Probability of Repayment = 0.968 or 96.8%
The following formula is used to compute the market risk premium:
Bond yielding at an AA rating minus the risk premium determined by the market
Risk premium as decided by the market = 9.5% - 6%
Risk premium as decided by the market = 0.095 – 0.06
Risk premium as determined by the market: 0.035 or 3.5%
b. The likelihood of repayment is determined as follows:
Probability of Repayment = (1 + Rate) / (1 + AA - Rated bond yielding)
P = (1 + 6%) / (1 + 13.5)
P = (1 + 0.06) / (1 + 0.135)
P = 1.06 / 1.135
Probability of Repayment = 0.9339 or 93.39%
The following formula is used to compute the market risk premium:
Bond yielding at a BB rating minus the risk premium determined by the market
Risk premium as decided by the market = 13.5% - 6%
Risk premium as decided by the market = 0.135 – 0.06
Risk premium as assessed by the market = 0.075 or 7.5%
To know more about Probability, refer to this link:
https://brainly.com/question/12629667
#SPJ4
in the first quarter of 2019, what were the weekly earnings of high school graduates without a college degree?
The weekly earnings of a high school graduate without a college degree in the first quarter of 2019 was $ 739 per week.
How does education affect pay?In the United States, the pay rate that a person gets is often directly correlated with the level of education that they have. What this means is that if for instance a person has a college degree, they can generally expect to be paid more than a person with only a high school diploma.
From the table, we can see that a person who has a high school diploma, or has graduated high school, will earn a total of $ 739 per week in the first quarter of 2019. In that same period, a person who has a college degree will get an average of $ 1, 213. This is why people incur the student loans that they do, in order to attend college.
Find out more on weekly earnings at https://brainly.com/question/15660066
#SPJ1
the net pay owed to an employee amounts to their gross pay minus deductions made. these deductions can include:
Employers are prohibited from taking unauthorized deductions from employees' salary and compensation, including several other groups of people. Employers must abide by the provisions of your employment contract and may only deduct wages under certain circumstances.
Learn about your rights to protection and when employers may deduct money from your pay.Your earnings and your salary differ slightly. Your employer pays you a salary in relation to the work you do. The minimum amount you should be paid is called pay (for example your monthly or hourly pay rate). Your pay may consist of:
any fees, bonuses, commissions, holiday compensation, or any wages related to your employment, excluding
statutory wages (such as Statutory Sick Pay or Statutory Maternity Pay)
Gift certificates, lunch coupons, and other vouchers with a set value that can be used to buy products, services, or money.
Learn more about to deductions visit here : https://brainly.com/question/3158031
# SPJ4
what are standard operating procedures? group of answer choices explanation of how tasks should be done federal model code for food service industry's generic guidelines for tasks employee manual received at the time of hire
Standard operating procedures means the indicate how things should be done to attain service goals.
Standard operating procedures.
Standard operating procedure defines the procedure specific to your operation that describes the activities necessary to complete tasks in accordance with industry regulations, provincial laws or even just your own standards for running your business.
Given,
Here we need to define the process of Standard operating procedures.
Standard operating procedures also known as SOPs explains what employees must know and do when they perform work, and they are used to implement standards.
SOP rules must review and update whenever necessary. Sometimes this involves the addressing a specific step and sometimes an entire task. We need corrective actions to enforce SOPs include informal coaching sessions, special conversations, or discussions during performance appraisal meetings.
To know more about Standard operating procedures here.
https://brainly.com/question/28423935
#SPJ4
surplus is: a. a better measure of the value that buyers and sellers get from participating in a market than price itself. cross out b. maximized for individuals whose reservation price equals the market price. undo c. negative for those who do not participate in a market. cross out d. all of these are true.
No single buyer or seller may affect that price. Price takers are people or businesses that must accept the market price as given.
What is it called when a firm has no ability to influence market prices?Monopoly power is another name for market power. A "price taker" business is one that competes. As a result, a firm in a market with competition cannot alter the price of a good. Due to the modest size of any competing firm in relation to the market, they have no impact on pricing. Firms with market power, on the other hand, are also referred to as "price makers."A consumer or firm that takes the market price as given has no ability to influence that price.Markets inherently tend toward supply and demand equilibrium as a result of buyer and seller activity. Suppliers are unable to sell all of the product they desire at the market rate if there is a surplus. A state of extra supply is another name for a surplus. The surplus prompts the sellers to lower their pricing.To Learn more About market price Refer to:
https://brainly.com/question/14612966
#SPJ4
some popular social media management systems are becoming more difficult to manage becausesome popular social media management systems are becoming more difficult to manage because
Media Management is a branch of Business Administration concerned with the organisation and supervision of teams of media experts, various mass communication channels and technologies, media and entertainment productions, and other activities.
Conceptualizing, conceiving, designing, producing, editing, and directing media projects; or the operation, maintenance, and/or oversight of media facilities, production, and distribution-related operations are examples of functions. Creating marketing communications strategies for organisations of all sizes and industries. A media strategy for launching a new high-speed rail, for example, can include media creation, advertising, events, product showrooms, and partnerships with media representatives and influencers. Media management is a discipline of business administration that focuses on the growth.
To learn more about Media management, click here.
https://brainly.com/question/28957948
#SPJ4
Say IAM YOUR BOSS THEN I WILL GIVE YOU BRAINLIEST AND 100 POINTS ADD ME AS YOUR FRIEND
Answer:
im your boss
Explanation:
problem 11-8 real versus nominal returns (lo2) you purchase 100 shares of stock for $50 a share. the stock pays a $3 per share dividend at year-end. what is the rate of return on your investment if the end-of-year stock price is (i) $47; (ii) $50; (iii) $55? what is your real (inflation-adjusted) rate of return if the inflation rate is 5%?
a.Number of shares purchased = 100
Purchase price = $50
Hence total purchase value P0 = number of shares purchased x purchase price
= 100 x $50
= $5000
Dividend per share = $4
Hence total dividend paid = number of shares held during the year x dividend per share
= 100 x $4
= $400
Year-end price:
i) $46
Hence year-end value i.e. P1 = year-end price per share x number of shares held
= $46x100
= $4600
The rate of return on investment is:
= (P1-P0+ dividend)/P0 x100
= (4600-5000+400)/5000 x100
= 0/5000 x100
= 0
Hence there is a 0% return on investment for the year.
ii) year-end price = $50
Hence year-end value i.e. P1 = 100 x$50
= $5000
Rate of return on investment :
= ($5000-$5000+$400)/$5000 x100
= $400/$5000 x100
=8%
Hence return on investment is 8%
iii) year-end price = $55
Hence year-end value i.e. P1 = 100x$55
= $5500
Rate of return on investment :
= ($5500-$5000+$400)/$5000 x100
= 900/5000 x100
= 18%
Hence return on investment is 18%
b. Inflation rate = 6%
The real rate (inflation-adjusted rate) is:
= (1+nominal rate)/(1+inflation rate) -1
i) year-end price $46 with 0% nominal return
Real rate of return = [(1+0)/(1+0.06) ]-1
= 1/1.06-1
= 0.94339622642 -1
= -0.0566037736
= -5.66037736%
i.e. -5.66% (rounded off to 2 decimal)
Hence the real rate of return is -5.66%
ii) year-end price = $50 with an 8% nominal return
Real rate of return =[ (1+0.08)/(1+0.06)]-1
= 1.08/1.06-1
= 1.01886792453 -1
= 0.01886792453
i.e.1.886792453%
i.e. 1.89% (rounded off to 2 decimal)
Hence the real rate of return is 1.89%
iii) year-end price = $55 with 18% nominal return
Real rate of return =[ (1+0.18)/(1+0.06) ]-1
= 1.18/1.06 -1
= 1.11320754717 -1
= 0.11320754717
= 11.320754717%
i.e. 11.32% (rounded off to 2 decimal)
Hence the real rate of return is 11.32%
A proportion is an economic device that represents the part ownership of an organization. A share is an economic device that represents component possession in a single or greater business. The price of distinctive stocks of a company may be identical to every other.
There may be no minimum order restriction on the acquisition of a publicly-traded employer's stock. Investors may additionally consider buying fractional shares through a dividend reinvestment plan or DRIP, which doesn't have commissions.
It is a ways extra not unusual for dividends to be paid quarterly or annually, however, some shares and other kinds of investments pay dividends month-to-month to their shareholders. Simplest approximately 50 public businesses pay dividends month-to-month out of some 3,000 that pay dividends on a normal foundation.
Learn more about share here https://brainly.com/question/28143339
#SPJ4
on december 1, victoria company signed a 90-day, 4% note payable, with a face value of $10,200. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.) multiple choice $102 $0 $408 $68 $34
Principal amount = $10,200
Rate of Interest = 4%
Time period = 90 days
Therefore,
Amount of interest expense accrued =
= Principal * Rate of interest * Time period
= $10,200 * 0.04 * 90/360 [ given to use 360 days a year ]
= $408 * 90/360
= $102
Notes payable are long term and short term liabilities, depending on it's due date, that indicates the amount a company owes to it's creditors. For example loan from bank or friends or suppliers.
Long term = payable beyond 12 months, usually within 5 years
Short term = payable within 12 months.
To know more about notes payable visit:
https://brainly.com/question/16014049
#SPJ4
which theory proposes that work satisfaction originates from motivating factors, and dissatisfaction originates from hygiene factors? multiple choice question.
Herzberg theory proposes that work satisfaction originates from motivating factors, and dissatisfaction originates from hygiene factors.
Otherwise called Herzberg's inspiration cleanliness hypothesis, the two-factor hypothesis or the double variable hypothesis, the Herzberg hypothesis expresses that specific component inside a work environment lead to work fulfilment, while others lead to disappointment.
What is Herzberg's two-factor hypothesis of occupation fulfilment?
Frederick Herzberg speculated that representative fulfillment has two aspects: "cleanliness" and inspiration. Cleanliness issues, for example, pay and management, decline representatives' disappointment with the workplace. Inspirations
for example, acknowledgment and accomplishment, make laborers more useful, imaginative and committed.
What are the 4 speculations of occupation fulfilment?
Speculations of occupation fulfilment. Work fulfilment speculations have areas of strength for a with hypotheses making sense of human inspiration. The most well-known and unmistakable hypotheses in this space include:
Maslow's requirements order hypothesisHerzberg's inspiration cleanliness hypothesisThe Work Attributes Model and The dispositional approachLearn more about Herzberg theory here:
https://brainly.com/question/9310878
#SPJ4
would an employer find benefit in using an understanding of crystallized and fluid intelligence in a hiring practice?
The employer's understanding of crystallized and fluid intelligence in a hiring practice would benefit him.
It uses both types of intelligence. If you've ever faced a new difficulty and solved it by looking back on an experience, your fluid and crystalline intelligence has combined to your advantage.
Fluid intelligence is the ability to recognize, assess, and respond to unfamiliar situations. The term "crystallized intelligence" refers to the capacity to recall learned information. Both bits of intelligence is necessary to solve challenges.
Both fluid intelligence and crystallized intelligence, despite their distinctions, are equally important and even related.
Learn more about fluid intelligence at
https://brainly.com/question/28459794?referrer=searchResults
#SPJ4
what would be your first response if you were asked your personal thoughts on strategic management as a tool
Strategic managements provides overall direction by developing overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
What do we learn in strategic management?
In strategic management we can manage business and projects proactively with a focus on long term strategy, rather than reacting. It helps you to ensure that on the latest business growth strategies as well as on the newest tools for strategic planning models.
It helps has a specific goals that day to day basis, weekly, monthly and sometimes yearly. The organization helps in setting of competitive environment and coming up with strategies to help you achieve organization goals.
This explains Strategic managements from the given link
https://brainly.com/question/27762072
#SPJ4
a company sells a product which has a unit sales price of $6, unit variable cost of $4 and total fixed costs of $140,000. the number of units the company must sell to break even is question 4 options: 480,000 units. 48,000 units. 80,000 units. 120,000 units
The point at which net income equals zero or contribution margin equals total fixed cost is referred to as the breakeven point, which can be expressed in terms of sales value or units sold.
Answer: a. 120,000 units.
What is the term "breakeven point"?
The point at which there are no losses or gains for your small business is known as the break-even point. This point is reached when total costs and revenue are equal.To put it another way, you have reached the point where a product's revenues and costs of production are equal.
What is the formula for the breakeven point?
Use the following formula to determine the break-even point in units: Break-Even point (in units) = Fixed Costs / (Sales price per unit - Variable costs per unit) or the following formula in sales dollars: Fixed Costs minus Contribution Margin is the break-even point in dollars for sales.
Learn more about Break-Even point here:
https://brainly.com/question/15281855
#SPJ4
quantitative problem: you need $13,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 6 years, with the first payment to be made one year from today. he requires a 7% annual return. what will be your annual loan payments? do not round intermediate calculations. round your answer to the nearest cent.
The formula for computing the annual loan payments is provided and explained below:
PMT=P(r/n)/1-(1+r/n)^(-nt)
P=loan amount=$13,000
r=interest rate=7%
n=number of payments in a year=1
t= duration of loan= 6 years
PMT= 13,000*(7%/1)/(1-(1+7%/1)^(-1*6)
PMT=13000*0.07/(1-(1.07)^-6
PMT=$2727.35
A loan is whilst cash given to every other party in change for compensation of the mortgage's main quantity plus hobby. creditors will not forget a prospective borrower's earnings, credit score, and debt ranges earlier than identifying to provide them with a mortgage.
A secured mortgage makes use of an asset you very own as collateral; the lender can take the asset in case you do not pay off the mortgage. An unsecured mortgage calls for no collateral. They commonly have higher hobby prices than secured loans due to the fact they may be riskier for creditors.
Learn more about loan here: https://brainly.com/question/26011426
#SPJ4
7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
Find out more about marketing strategy on:
https://brainly.com/question/25640993
#SPJ1
congratulations! you were the 10th caller on the kmth morning show and you just won $4,000.00. after you calm down, you decide to put the money into a bank account so that you will have even more money for a trip to europe. snurling bank tells you that they will pay 10% per year compounded monthly. how much money will you have for your trip in 2 years? a) $4,880.56 b) $4,884.56 c) $4,881.56 d) $4,879.56 e) $4,877.56 f) none of the above.
Compound interest is the idea that interest is earned on top of interest from that point forward by adding accumulated interest back to the principal amount. Here, a month's worth of compound interest is calculated (time period). As a result, the time period is 12 times, and the interest rate is divided by 12.
The scenario states that the computation of the provided data is as follows:
The current value is $4000.
Rate = 7%
Monthly compound rate equals 10% times 12.
Duration = 2 x 12 = 84
So, using a financial calculator, we can estimate the value in the future.
FV = $4,884.56
Principal multiplied by one plus the interest rate divided by the number of periods, raised to the power of the number of periods, and that whole subtracted from the principal amount to yield the interest amount, is how monthly compounding is calculated.
To know more about Compound interest, click here:-
https://brainly.com/question/14295570
#SPJ4
the population of new york city would have totaled 1.2 million in 1860 if it had included the then-independent city of
The population of New York City would have totaled 1.2 million in 1860 if it had included the then-independent city of Brooklyn.
Many of the state's new immigrants settled in the cities in the early 1900s.
They came there to discover jobs in the towns' growing factories and corporations.
Immigrants settled particularly in towns in the Northeast and Midwest. The result became speedy urbanization, or an increase of cities, in those areas.
The percentage of the population residing in cities came to be the most important in California, the Midwest, and the Northeast.
Learn more about New York here: https://brainly.com/question/23042891
#SPJ4
the term capital budgeting is used to describe how managers plan significant investments in projects that have blank implications.
The term capital budgeting is used to describe how managers plan significant investments in projects that have long-term implications. Capital budgeting also used to evaluate potential project and investment in the company or also government project.
In business and economics, capital budgeting generally can be defined as the process a business undertakes to evaluate potential major investments or also projects. The examples of projects that would require capital budgeting before they are rejected or also approved are construction of a big investment or a new plant in an outside venture. There are several methods of capital budgeting, such as payback period (PB), net present value (NPV), and also internal rate of return (IRR).
Here you can learn more about capital budgeting https://brainly.com/question/21598960
#SPJ4
in a closed economy, without the government, the consumption expenditure equals $5,000 and the investment expenditure equals $2,000. what is the national incom
In national income accounting, internet countrywide earnings (NNI) is internet countrywide product (NNP) minus indirect taxes.[1] internet countrywide earnings encompass the earnings of families, corporations, and the authorities. net countrywide profits are defined as gross domestic product plus internet receipts of wages, salaries, and assets earnings from overseas, minus the depreciation of constant capital assets (dwellings, homes, machinery, shipping gadget, and physical infrastructure) via put-on and tear and obsolescence.
Herbal assets are non-vital natural capital along with minerals. NNI* no longer takes critical natural capital under consideration. Examples are air, water, land, and so on.
learn more about national income here: https://brainly.com/question/11676259
#SPJ4
physicians clinic orders by phone seven boxes of single-use latex gloves from quality medical supplies, inc. after three boxes are delivered and accepted, physicians clinic repudiates the contract. quality medical can enforce the contract to
Physicians Clinic renounces the agreement after three boxes have been delivered and accepted. As long as there are three boxes that have been accepted, Quality Medical can enforce the contract.
Which of the following lists the necessary components of an enforceable contract?An agreement that specifies the legal rights and obligations of two or more parties is known as a contract. A valid contract must include all five requirements: offer, acceptance, awareness, consideration, and capability.
Which of the following does not apply to a legally binding contract?Earnest money is the solution. Offer and acceptance, consideration, legally capable parties, mutual consent, and a legal purpose are necessary components of a valid contract. A contract does not need earnest money to be enforceable.
What happens if a contract's conditions are not followed?A breach of contract occurs when the conditions of a contract are not followed, and the damaged party may then bring legal action.
Learn more about breach of contract: https://brainly.com/question/24259882
#SPJ4
according to the bcg matrix, business units that are doing poorly in a low growth market are called . group of answer choices
An analysis of a company's products using a BCG matrix is a tool for long-term strategic planning. Companies can use the matrix to find new opportunities for growth and choose their future investment strategy.
What Is a BCG Matrix?Businesses can better understand their present and future competitive environments by using a BCG matrix.Business leaders can use the process to enhance products, spot new opportunities, and even decide which services to cut out.A BCG matrix has limitations, thus some businesses might want to look into alternative models.This article is for business owners who wish to assess their industry and make future plans for their enterprise.Since 1968, businesses have utilized the BCG model to help them understand which goods will help them take advantage of chances for market share expansion and provide them a competitive edge.The BCG matrix model, which was created more than 50 years ago, is still a useful resource for businesses looking to assess their potential.To Learn more About BCG matrix refer to :
https://brainly.com/question/28487194
#SPJ4
In computing the present value of the lease payments, the lessee should Entry field with incorrect answer use its incremental borrowing rate in all cases. Use the implicit rate in all cases. Use the implicit rate of the lessor, assuming that the implicit rate is known to the lessee. Use both its incremental borrowing rate and the implicit rate of the lessor, assuming that the implicit rate is known to the lessee
The lessee should use either its incremental borrowing rate or implicit rate of lessor, whichever is lower, assuming that implicit rate is known to the lessee.
What is incremental borrowing rate?The incremental borrowing rate is defined as " rate of interest that a lessee would have to pay to borrow on collateralized basis for similar term an amount equivalent to the lease payments in similar economic situation" in ASC 842, one of the new lease accounting standards. According to ASC 842, lessees should use the implicit rate in a lease to assess the obligation for a lease by estimating the present value of future lease payments. A business must utilize the "incremental borrowing rate" if it is unable to ascertain the implicit rate in a lease. Knowing how to determine the incremental borrowing rate is crucial since it frequently happens that the implicit rate is unavailable.
To learn more about incremental borrowing rate, visit:
https://brainly.com/question/28154863
#SPJ4
if the executives of the u.s. silicon-chip industry lobby congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency, they are using the:
If executives in the United States' silicon-chip sector import protection on the grounds that their industry is nascent and requires time to increase technological efficiency, they are utilizing the national security argument.
The United States of America, sometimes known as the United States or America, is a country in North America. It is made up of 50 states, a federal district, five large unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. It is the third-largest country in terms of land area and total area. The United States shares geographical borders with Canada to the north and Mexico to the south. It shares maritime borders with the Bahamas, Cuba, Russia, and other countries.
It is the third most populated country in the world, with a population of over 331 million people. The United States is a highly developed country, and its economy is significant.
Learn more about utilizing here
https://brainly.com/question/14149928
#SPJ4
one of the allegations in a recent fraud was that confirmations of account balances to various banks were determined to be forgeries. auditing standards state that an audit rarely involves the authentication of documentation, nor is the auditor trained as or expected to be an expert in such authentication. what steps could the auditors have taken to ensure that bank confirmations were reliable?
The following steps could auditor have taken to ensure that bank confirmations were reliable
designing external assuranceauditor's use of appropriate assuranceAttsation is the process of obtaining and evaluating direct communications from third parties in response to requests for information on specific issues affecting statements related to the financial statements.
Auditing Standard #8, Audit Risk, describes the audit risk model. It assesses inherent and control risks, determines an acceptable level of detection risk, and develops an assurance program to achieve a reasonably low level of assurance risk using appropriate assurance at the level of Assertion.
It explains the concept of designing. The auditor should: Assess the risk of material misstatement at the assertion level. ISA 500, “Audit Evidence,” states that the reliability of audit evidence is affected by its source and nature, and the individual circumstances in which it was obtained.
but note that the following generalizations regarding the reliability of audit evidence may be helpful:
• Audit evidence is more reliable when obtained from independent sources outside the organization.
• Audit evidence obtained directly from the auditor is more reliable than audit evidence obtained indirectly or by inference.
• Audit evidence is more reliable when it is in document form.
• Original audit evidence is more reliable than photocopy or fax audit evidence.
Accordingly, audit evidence in the form of original written responses to requests for confirmation from third parties unrelated to the audited entity should be viewed separately. Significantly reduces the risk of misrepresentation of related claims to an acceptably low level.
Auditor may request external confirmation of the terms of any contract the company has with a third party or of her transactions. The Other examples of situations in which external confirmation can be used are: • Bank balances and other information from bankers.
• Customer Balance.
• Investments purchase
• Vendor balance.
he reliability of audit evidence obtained from external assurance depends, among other things, on the auditor's use of appropriate assurance procedures in designing external assurance requirements, performing external assurance procedures, and evaluating their results.
To learn more about Audit confirmation, refer:
https://brainly.com/question/28791781
#SPJ4
a buyer with a $750,000 loan has a monthly principal and interest payment of $4,376.80. if $3,593.75 is interest, what is the new principal balance after the first payment is applied?
The new principal balance after the first payment is applied is $3,593,750 from given equation.
What does a business interest actually mean?Interest is the fee a business pays a lendor (creditor) for a loan. Although there are many alternative options, interest payments are normally made on a monthly basis and based on the amount of the loan still owed. Interest is frequently calculated as a percentage of the loan total at a predetermined interest rate.
Why is arousal important in the corporate world?Interest is one of several crucial functions in a market economy. The most obvious example of this coordination between savers and borrowers is when borrowers are required to pay interest in order to borrow more money in order to increase their current consumption.
To know more about Interest visit:
https://brainly.com/question/13324776
#SPJ4
if an activity whose normal duration is 13 days can be shortened to 11 days for an added cost of $1,500, what is the crash cost per period?
The crash cost per unit period = $750 per day of a normal duration .
Crash cost per :Crash cost is the cost associated with opting the briskly alternate to consummate the trouble. Note, this isn't the excess cost, but the full cost companies with the alternative approach. As such the formula results in a valuation that represents crash cost per time period
Simplifying the crash cost :The activity time is shortened to 11 days from 13 days with additional cost $1500
so the difference =13-11
= 2 days
crash cost per unit time(day)= 1500/2
= $750 per day
Additional cost :
Additional Cost means the additional capital expense and/ or the additional operating cost or additional taxes or all as the case may be, which the Contractor has or would be needed to pursue and which has arisen as a result of Change of confines of work.
Learn more about crash cost :
brainly.com/question/20376327
#SPJ4
You have just been elected to public office and you have been informed that the government does not have money to pay all of its bills.
You have been told that if you were to cut the marginal tax rate, tax revenue would actually increase. Is this true and if so, what would
be the reason for this?
Choose one:
A. This is only true if the marginal tax rate is too high.
B. This is only true if the marginal tax rate is already very low.
OC. This isn't true. If the marginal tax rate is reduced, it always generates less total tax revenue.
D. It is always the case that reducing the marginal tax rate causes people to work more and increase the total
amount of tax revenue collected.
not a.
not b.
not c.
it's d.
explanation:Lower tax rates enable firms to invest more – this leads to higher growth and therefore, higher tax revenues
how would you align human resource plans in a project portfolio to an organization's strategic objectives?
Comprehend the business strategy; evaluate the existing situation;
Plan and implement the HR strategy; these are the some of the align HR in organizational strategic plan.
How do you align the HR plan to the organizational strategic plan?A company's long-term plan for how it will deploy its resources to support commercial operations is called an organizational strategy. It offers direction on how a business might accomplish its goals. These tactics are used by businesses to fulfill their objectives and create strategic plans.
Achieving the organization's objective depends on properly integrating the HR strategy with the business strategy.
Alignment connects strategy and execution through communication. In order to align strategies, HR must:
Comprehend the business strategy;
evaluate the existing situation;
Plan and implement the HR strategy;
Measure and evaluate results;
Make any necessary adjustments.
You may define priorities and give your company direction by developing an organizational plan. It outlines your definition of success and prioritizes the kinds of actions necessary to turn that definition into reality.
To learn more about organizational strategy refer to:
https://brainly.com/question/17924318
#SPJ4