The Financial Accounting Standards Board (FASB) determines the rules that are used in the United States for reporting accounting information and producing financial statements.
What are financial statements?A financial statement can be defined as a document with records of the monetary transaction or the non-monetary transactions of a business.
In order to encourage financials that help companies as well as other investment advisors with relevant data, the FASB establishes and sets financial reporting requirements through an open and welcoming mechanism.
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If a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will __________--
If a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will increase
How to illustrate the information?Identifying, assessing, and improving upon current business processes within a company for optimization and to achieve new quotas or standards of quality is the proactive activity of process improvement.
Process improvement seeks to find and fix flaws in your company's procedures in order to increase productivity and quality. Reduce bottlenecks in your business's processes and help in reducing spending.
It should be noted that when there's a reduction in time due to wastage, it will bring about an improvement.
Therefore, if a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will increase
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During exponential growth, the number of individuals added per unit time increases, while the _____ stays the same.
During exponential growth, the number of individuals added per unit time increases, while the per capita growth rate stays the same.
What is per capita growth rate?
The first factor that affects population size is the per capita population growth rate, which measures how quickly the population grows as a whole per person. The population's rates of birth, mortality, emigration, and migration influence this growth rate.
named indicator GDP expansion (GDP per capita growth) brief explanation GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
Therefore,
During exponential growth, the number of individuals added per unit time increases, while the per capita growth rate stays the same.
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The adjusted trial balance provides account balances reported in which financial statements?
The adjusted trial balance provides account balances reported in which financial statements:
Statement of stockholders' equity
Balance sheet
Income statement
What is Income statement?
One of the most often and important financial statements you're likely to see is an income statement. Income statements, sometimes referred to as profit and loss (P&L) statements, include the cumulative effect of revenue, gain, expense, and loss transactions and include a summary of all income and expenses for a specific period.
Therefore,
Statement of stockholders' equity
Balance sheet
Income statement
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__________ is the visitation of natural areas for enjoyment, often in areas near less-affluent communities that economically benefit from conserving the natural area.
Ecotourism is the visitation of natural areas for enjoyment, often in areas near less-affluent communities that economically benefit from conserving the natural area.
What is Ecotourism?Ecotourism is defined as "responsible travel to natural areas that preserves the environment, preserves the wellness of local people, and involves interpretation and education."
A journey to the Galapagos Islands is an illustration of ecotourism since it protects the local wildlife and ecosystem while allowing visitors to observe and engage with it.
Thus, it is Ecotourism.
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When courts find accountants liable for constructive fraud, the implication is that:______.
Even if they were unaware of the fraud, accountants may be held accountable for it.
How does constructive fraud work?A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.
The elements are:
1) a duty owed by the party to be charged to the complaining party due to their relationship;
2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and
3) reliance on such statements by the complaining party.
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lef evaluation of your work.
Activity
Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to society.
The two consumer protection acts are the Federal Food, Drug, and Cosmetic Act and Truth in Lending Act. The benefits of the acts are discussed as below.
What is Consumer protection?Consumer protection refers to the protection of the buyers from the low quality commodity and products that are hazardous to life. It also includes to safeguard the customers from the unfair practices.
The Federal Food, Drug, and Cosmetic Act states that the legislation oversees the degree of quality for this food, pharmaceuticals, medical equipment, and cosmetic items manufactured and purchased by American customers.
The truth in Lending Act is a federal statute that permits borrowers to make certain claims about consumer credit conditions and rates. Its standards govern open-end lines of credit, shuttered personal loans, retail lending, and private financing to universities.
Therefore, it can be included that Federal Food, Drug, and Cosmetic Act and Truth in Lending Act are the laws meant to protect the customers.
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Employers who require the use of personal mobile devices in the workplace must also reimburse their employees for cellular voice and data usage. True or false
False, Employers who mandate the use of personal mobile devices at workplace are not required to pay back their staff members' cellular voice and data costs.
More about mobile devices in the workplace:
Businesses are using mobile devices to increase productivity because the nature of the workplace is changing, altering how, when, and where many of us work.
Despite the fact that mobile solutions have long been a key factor in businesses' success, the pandemic has really brought to light the many ways they boost productivity in the workplace. This occurs at a time when it may be more important than ever for organisations and employees to operate at optimal efficiency.
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Debra tracks her business finances in a spreadsheet. She wants to figure out how much she could increase profits if she raises prices on some products. What feature should she use to find the answer?.
Answer: what-if-analysis
Explanation:
The feature Deborah should use is a What-if analysis.
What-If Analysis is the process of changing the values in cells to see how those changes will affect the outcome of formulas on the worksheet.
Three kinds of What-If Analysis tools come with;
Excel: Scenarios, Goal Seek, and Data Tables.
Scenarios and Data tables take sets of input values and determine possible results.
Therefore, the What-if Analysis will help Deborah to figure out how much she could increase profits if she raises prices on some products.
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On june 1, pizza company paid $100 for advertisements to be run on june 1. pizza company's entry to record this payment will include a $100 ______.
On june 1, pizza company paid $100 for advertisements to be run on june 1. pizza company's entry to record this payment will include a $100 Credit to cash and debit to advertising.
In double-entry accounting, debits and credits are entries made in account ledgers to record value changes brought on by company transactions. Each transaction transfers money from credited accounts to debited accounts. A debit entry in an account reflects a transfer of value to that account, and a credit entry represents a transfer out of that account.
In order to distinguish between debits and credits, an account book's transfer amounts are typically written in different columns. Alternatively, they can be written in a single column with the suffix "Dr" for debits or just writing them plain, and "Cr" for credits or a minus sign. Despite the minus sign, positive and negative numbers are not directly correlated with debits and credits.
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Suppose you find a production possibilities frontier (ppf) that is shaped like a straight line. what can you determine about the production of the two goods?
Anywhere along the PPF, the production of the two items is subject to continual opportunity cost.
What does Production Potentials Frontier mean?
The production possibility frontier (PPF) is a curve on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. Another name for the PPF is the production possibility curve. PPF also has a significant role in economics. For instance, it can indicate that a nation's economy has reached its peak efficiency.
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In the country beta it takes two hours of labor to produce a unit of tea and four hours of labor to produce a unit of bread. In the country zeta it takes three hours of labor to produce a unit of tea and nine hours of labor to produce a unit of bread. Which of the following is true? a. country zeta has an absolute advantage in producing both tea and bread. b. country zeta has an absolute advantage and a comparative advantage in producing tea. c. country beta has an absolute advantage and a comparative advantage in producing tea. d. country beta has the lower opportunity cost in producing bread and therefore a comparative advantage in producing bread. e. country beta, with trade, will export both tea and bread to country zeta.
The true statement is country beta has an absolute advantage and a comparative advantage in producing tea. (option c).
What is absolute and comparative advantage?A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The opportunity cost of producing one unit of tea for country beta = 4/2 = 2 hours
The opportunity cost of producing one unit of tea for country Zeta = 9/3 = 3 hours
The opportunity cost in the production of tea is lower for country Beta. Thus, it has a comparative advantage in the production of tea.
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Country Beta produces 1 unit of tea in 2 hours and it takes country Zeta 3 hours. Because it takes country beta less hours, it has an absolute advantage in the production of tea.
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When you include discouraged workers and unemployed workers in calculations of the unemployment rate:____.
When we include discouraged workers and unemployed workers in calculations of the unemployment rate much higher than the official unemployment rate.
The official unemployment rate. It is the total number of unemployed people who are expressed as a percentage of the civilian labor force. The formula to calculate official unemployment rate is, (Total Unemployed ÷ Labor Force) x 100. The discouraged workers are the total number of unemployed people. It is expressed as the percentage of the civilian labor force plus discouraged workers. The formula for calculation is ( (Total Unemployed + Discouraged Workers) ÷ (Labor Force + Discouraged Workers) ) x 100.
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The assigns punishments to companies whose employees are involved in forms of workplace deviance. True or false?.
The U.S Sentencing Commission assigns punishments to companies whose employees are involved in Serious forms of workplace deviance.
What are workplace deviance?In group psychology, workplace deviance is defined as the conscious (or purposeful) desire to hurt an organization, more especially a workplace. In the area of organizational communication, the idea has grown to be crucial. The phrase "voluntary conduct that breaches established standards and, in doing so, harms the organization's well-being" is more accurate. People frequently form psychological contracts with their firms, and as a result, employees frequently develop a set of expectations about their job. The employee may "perceive a psychological contract violation by their employers" when expectations are not met.
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When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n):_________
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a GIFT.
What is a gift for tax purposes?For the purposes of taxation of property, a gift refers to a property that a taxpayer gives to another taxpayer while both are still alive.
Another requirement for the property to be a gift is that the person who gave it, should expect nothing in return. Gifts are not as taxed as other transactions.
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In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, goods and services prices are planned by the central government.
In a pure command economy, the centeral government is responsible to set the prices for goods and services sold in the market. The central government is also responsible to set the production of the goods and services being sold in the market. Because the main goal of the central government is to create equality in society.
In a pure command economy, government fully controls the distribution and production of goods and services to control the monopoly, and prices and dictates the external entrance into the market. While the free market system decides the prices of goods and services based on the relationship between demand and supply.
In a free market system, producers or private companies set production and produce goods and services based on the demand for these goods and services in the market.
Therefore, in a pure command economy, the prices of goods and services are set or planned by the central government.
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The concept of restrictive practices in the u.s. market economy is ____________________.
The idea of restrictive practices is constantly changing in the American market economy.
What exactly is a restrictive practice?
A restrictive practice is when someone is forced to do something against their will or is prevented from fulfilling a desire.
What harm might restrictive practices bring about?
Additionally, restraint may be utilized by law enforcement, emergency transport services, remand facilities, and prisons. Restrictive practices can have a negative impact on one's mental and physical health, harm the therapeutic alliance, and violate one's human rights.
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Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of $5 per gallon of milk, the.
If the equilibrium price of a gallon of milk is $4 and if the government imposes a price floor of $5 per gallon then, the quantity supplied of milk will exceed the quantity demanded.
Price floor prevents a price from falling before a certain level. When a price floor is set above the equilibrium price, the quantity supplied will exceed quantity demanded, and excess supply or surpluses will result. On the other hand, when a price floor is set below the equilibrium price, quantity demanded will exceed quantity supplied and excess demand will result.
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Comparing vendor invoices to inventory prices, obtaining lower of cost or market data and recalculating deprecation schedules relate to the ______ assertion.
The correct answer is valuation and allocation.
You may list and keep track of the inventory goods you get from your suppliers using inventory receipts. Despite the fact that inventory items may be delivered with or without inventory receipts, all inventory items must first be listed on inventory receipts in order to produce, store, and pay purchase invoices.
What should a vendor invoice contain?When a consumer purchases products and services on credit, the provider creates and sends an invoice. Vendor invoices comprise the sum due, tax amounts, freight and delivery costs, the due date for payment, and the address to make the money to.
A vendor bill is an invoice that the business receives for goods and services it has acquired from suppliers and is thus counted as a cost.
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Over 40 percent of member nations of the international monetary fund have?
Answer:
What? Silly , silly American, supports silly Ukraine, Ukraine. Bad and poor country. With silly beautiful girls witches
How do delivery companies track packages? group of answer choices
a. they use code-scanning technology.
b. they use gps.
c. they use robotic arms to load packages.
d. they use a learning management system.
Companies track packages through code-scanning technology
What is code-scanning technology?It is a machine-scannable image that a smartphone camera can instantaneously read. Numerous black squares and dots that stand in for various pieces of information make up each QR code. Your smartphone will transform the data when it scans this code into a form that humans can understand. A camera or other imaging device can scan a QR code, which is made up of black squares in a squ in a square grid on a white background. Reed-Solomon error correction is then used to process the picture so that it can be properly decoded.
There would be a catastrophic amount of errors introduced. By organizing the process of gathering and tracking product data, barcodes aid in preventing these occurrences. The fact remains that mistakes are expensive. A tool for finding potential security problems in an application is code scanning.
Hence, companies track packages through code-scanning technology.
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The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income?
The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income is 840000 (1200,000 - 4000000*.30).
By calculating a company's return on equity (ROE), one can determine how well its owners' equity investments are producing income.
If any total debt was utilized to finance the company's purchase or operations, you can calculate the net equity value by deducting that amount from the enterprise value.
Take the gross income, which is the whole amount of money earned, and deduct costs like taxes and interest payments to get at net income.
Net income for an individual is the amount that they really receive from their paycheck each month as opposed to the gross amount they are paid before payroll deductions.
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What therm decribes using tesources to produce the maximum amount of goods and services?
Economic efficiency describes utilizing resources to construct the maximum amount of goods and services.
What is Economic efficiency?In order to serve each person or entity in the best possible manner while minimizing waste and inefficiency, economic efficiency implies an economic state. Any adjustments made to benefit one entity would hurt another in an economically effective economy.
A balance between benefits and costs is a sign of economic efficiency. Example: A farmer wishes to sell a portion of his property. The person who will pay the highest price for the land uses the resource more effectively than the person who will not pay the highest price.
The best use of resources for each individual in that economic situation is referred to as economic efficiency. Although there is no predetermined cutoff point that establishes the viability of an economy, indicators include products that are sold for the least amount of money and labor that produces the most amount of things.
Hence, Economic efficiency describes utilizing resources to construct the maximum amount of goods and services.
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In a simple circular-flow model, there are flows of _________ and flows of _________.
In a simple circular-flow model, there are flows of "Factors of production; goods and services" and flows of "Funds received from the sale of factors of production; spending on final goods and services".
This is further explained below.
What are the Factors of production?Generally, The materials that make up the economy's fundamental building blocks are known as factors of production; these are the things that people rely on in order to generate commodities and services. Land, labor, capital, and entrepreneurial initiative are the four subcategories that economists use to classify the components of production.
In conclusion, There are streams of "Factors of production; products and services" and flows of "Funds obtained from the sale of factors of production; expenditure on final goods and services" in a straightforward model with circular movements of materials and money.
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What+is+the+percentage+of+total+current+assets+in+terms+of+total+assets+for+walmart+for+the+year+of+2016?+(answer+in+number+format+with+%+unit+-+for+example,+25.6%)
What is the percentage of total current assets in terms of total assets for Walmart for the year of 2016? is 30.2%
Describe current assets.
All company-owned assets that can be turned into cash within a year are recorded in the Current Assets account, a line item on the balance sheet located under the Assets heading. Current assets are things that have their worth recorded in the Current Assets account.
Current assets are liquid assets such as cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and pre-paid liabilities. Another name for current assets is current accounts.
In the Assets part of a company's balance sheet, Current Assets is always the first account reported. The Current Assets account is made up of a number of subsidiary accounts.
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True or false: the use of gaap and management's accounting discretion can distort the reported financial information of a company and an analyst's view of the company.
The reported financial information of a company and an analyst's perception of the company may be distorted by the usage of gaap and management's accounting judgement. The given statement is True.
What is GAAP ?
The FASB's set of accounting regulations known as GAAP are what U.S. businesses must adhere to when creating their financial statements.The goal of GAAP is to make financial information more understandable, consistent, and comparable to other financial information.Pro forma accounting, a non-GAAP financial reporting technique, can be contrasted with GAAP.The main objective of GAAP is to guarantee the accuracy, consistency, and comparability of financial accounts for businesses.The majority of other jurisdictions utilise IFRS standards, while GAAP is mostly used in the United States.GAAP is made up of authoritative standards (established by policy bodies) and generally recognised practises for capturing and disclosing accounting data.To know more about GAAP visit:
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A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a?
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a timeshare.
What does California's legislation on subdivided land serve?The primary goal of the Subdivided Lands Act, a consumer protection law, is to guarantee that proper disclosures are given. The California Department of Real Estate interprets and applies the Subdivided Lands Act, which governs public offers of land in subdivisions for sale or lease.
In order to ensure that new development occurs in a timely manner and that services like roads, utilities, open space, and other services are adequately provided, the California Subdivision Map Act grants local governmental agencies the authority to regulate and control the design and improvements of subdivisions.
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when a cashier is deciding how many hours to work, the marginal benefit she should consider is and the marginal cost she should consider is .
The marginal benefit to be considered by the cashier is the hourly pay, and the marginal cost will be the hourly value of time off.
What is marginal benefit?Marginal benefit is defined as the maximum value that a consumer can pay for a good or service, although another definition can be the utility and satisfaction that a buyer acquires for a good or service.
In this case, if a cashier is deciding the number of hours she should work, for a marginal benefit she should consider the payment she will receive for each hour of work.
On the other hand, if she wants to know the marginal cost, she must determine the free time or hours based on the payment she does not get for them.
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amos' antiques, inc., is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility. these characteristics are consistent with the principles of
These characteristics are consistent with the principles of: bureaucratic organizations.
The main criticism advanced against scientific management by the psychologists is that it's mechanical in approach. He has practically no say in determining the policies with relation to work.
Human resources management involves all management decisions and actions that affect the link between the organization and its employees – in other words, its human resources. HRM refers to the management of all decisions within a company that are associated with people.
Scientific management implies the appliance of science to the task management of an industrial concern. Scientific management may be a thoughtful, organized human approach to the task of management as contrasted with hit or miss, rule of thumb.
Over speeding - the scientific management lays standard output, time so that they should rush up and finish the ad time. These have adverse effects on the health of workers.
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Among the benefits businesses provide to their communities are:_______
a. goods and services
b. higher taxes required for fire and police
c. protection tax
d. payments jobs
Among the benefits businesses provide to their communities are: payments jobs
What is corporate social responsibility?
Corporate social responsibility is an avenue for businesses to impact positively on their environment more like a way to give back to the communities for providing an enable environment for the businesses to operate.
However, they provide so many benefits to the communities where they provide which include provision of jobs, note that goods and services are not benefits since they are only available to those who have the means to purchase them.
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Adam corporation uses the cash-basis of accounting. adam corporation should record expenses when:_____
Adam corporation uses the cash-basis of accounting. Adam corporation should record expenses when paid. It is because Adam corporation continues to utilize the cash-basis accounting technique, which only records transactions if there are cash revenues or payments, this is the case.
Revenue is only recognized on the income statement under cash basis accounting when cash is received. Only when money is handed out in cash are expenses documented.. Small enterprises often employ the cash technique. The biggest advantage of the cash system is how straightforward it is—it only keeps track of cash that is delivered or received. The monitoring of a company's financial flow is also made easier.
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