False, the American institute of certified public accountants does not have the primary authority to establish accounting standards.
The AICPA is commonly accepted professional and technical standards for CPAs in multiple areas. Until the 1970 s, the AICPA holds a virtual monopoly in this field. in the 1970 s, however, it was transferred its responsibility for setting generally accepted accounting principles(GAAP) to the freshly formed Financial Accounting Standards Board(FASB).
What is the American institute of certified public accountants(AICPA)?The American Institute of Certified Public Accountants (AICPA) is a non-profit professional organization recognising certified public accountants (CPA)in the United States.
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what is dynamic risk? unset starred question an insurable business risk that includes insuring for accident liability, fire, theft, and vandalism an uninsurable business risk resulting from economic, tax, and market changes the risk that an investor cannot secure financing at an affordable rate the risk that is directly related to leverage
"The constant process of recognizing hazards, assessing risk, taking action to eliminate or minimise risk, monitoring and reviewing, in the quickly changing circumstances of an operational occurrence," is how a dynamic risk assessment is defined.
Economic developments give rise to dynamic risk. Such changes can result in financial losses and are difficult to forecast. Global pandemics, shifts in wealth levels, and shifts in people's likes and preferences are just a few examples of these changes. Dynamic risk is challenging to quantify and insure.
Uninsurable risk a straightforward risk that many individuals take on and for which it is possible to estimate how much money will be lost.
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What was the opening price of Dow Jones Industrial Average on Sep 28, 2017 in the format of XXXXX.XX?
The starting price was $21080.28.
Calculation
On May 30, 2017, the Dow Jones Industrial Average was:
The Dow Jones Industrial Average finished at 21029.47 on May 30, 2917, a decrease of 50.81, according to valueline.com.
Index of closure: 21029.47+ downward motion = 50.8121080.28 is the opening index.According to this, the starting price was 21080.28.
The stock performance of 30 major firms that are listed on American stock exchanges is tracked by the Dow Jones Industrial Average. It is an index of stock price. The S&P 500 Index and the NASDAQ are two more.
The day's initial average price before trading began is represented by the starting index. The price must have fluctuated, moving up and down, while trade. By adding back, it can be deduced from this closing index data that the opening price was higher than the closing price by 50.81, or around 51 basis points.To Learn more about Averages and Opening Price, Click the links.
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In 2019, buckeye brewing produced 1,000 bottles of beer each day. It employed 10 workers each working 8 hours a day. In 2020, it produced 960 bottles of beer each day. In that year, it employed 8 workers who worked 8 hours each day. Productivity at buckeye brewing.
Productivity at buckeye brewing is increased by 20%.
What is productivity?Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.
Why is productivity important?Since 1947, productivity gains have allowed the U.S. corporate sector to generate nine times more goods and services with only a little increase in labour hours. A growing economy can create and consume more products and services for the same amount of labour thanks to increases in productivity.
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true or false: three items needed to calculate future value include: principal, length of time, and annual interest rate.
It is a true statement that the three items needed to calculate future value include: principal, length of time, and annual interest rate.
What is future value?It means the value of a current asset at a future date based on an assumed rate of growth.
This measure is important to investors as they use it to estimate how much an investment made today will be worth in the future.
In the calculation, it is a true statement that the three items needed to calculate future value include: principal, length of time, and annual interest rate.
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sean attributes the success of his video game arcade to advertising on the most popular website for gamers. recently, the website raised ad prices, so sean has cut his advertising in half. he believes that positive word-of-mouth will be enough now that his game is well established. however, sales are slipping. of the five primary activities in the value chain, this problem is most likely to occur in .
Sales of video games may be declining as a result of value chain marketing and sales challenges.
What impact may marketing have on sales?
Sales Facilitation Although a business can sell its goods directly to consumers, adopting marketing strategies raises consumer awareness of the goods and makes them more visible to a wider audience, which in turn boosts sales and revenue. Marketing can spot changes in consumer behavior.
These internal elements that influence a product's sales include:
1) The company's product, 2) The company's marketing plan, 3) The company's marketing staff, 4) Technology and automation, 5) Presence in numerous forms, notably in E-commerce, and 6) The company's marketing personnel.
6) The ability to reach "Digital Footprints" clients.
7) The availability of funds
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Acme corp. Is adopting a strategic focus for fulfilling the economic, legal, ethical, and philanthropic social responsibilities that its stakeholders expect of it. This best describes _______.
Acme corp. Is adopting a strategic focus for fulfilling the economic, legal, ethical, and philanthropic social responsibilities that its stakeholders expect of it. This best describes marketing citizenship
Marketing citizenship is embracing a strategic approach for fulfilling the legal, ethical, economic, and philanthropic social obligations intended of groups by their stakeholders, those people who have a claim or stake, in some element of the company's operations, markets, products, industry, and outcomes. Companies have an economic responsibility to be profitable in order to provide a return on their investments to their stockholders, create jobs in the community, and contribute goods and services to the economy. Marketers must also follow laws and regulations.
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seldom do the actions of supply managers impact the organization’s reputation either positively or negatively.
The actions of supply managers do impact the organization's reputation both positively and negatively. Hence, the given statement is false.
What do you mean by supply?In economics, supply is referred to as the total quantity of a particular good or service that a supplier makes available to customers at a particular time and price. Usually, market activity determines it.
Since few supply decisions carry significant downside risks that could affect the organization's strategy, supply has a limited impact on organisational risk management.
Hence, The actions of supply managers do impact the organization's reputation both positively and negatively. Hence, the given statement is false.
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"Your question is incomplete, probably the complete question/missing part is:"
True or False Seldom do the actions of supply managers impact the organization's reputation either positively or negatively.
introduction to managerial accounting, 9th edition with connect (baruch college edition), by brewer, garrison, and noreen, published by mcgraw hill.
Brewer's Introduction to Managerial Accounting is known for being the most reading and accessible text available. Students are guided toward knowledge by its small chapters and straightforward presentation, much as how a compass's needle directs a traveller.
The authors of the book are aware that everyone may arrive at a different place, nevertheless.
Some pupils are destined to work as accountants, while others will work in management, marketing, or finance. The Brewer text not only explains managerial accounting ideas to students in a straightforward and succinct manner, but it also pushes them to think about how the concepts they are learning will apply to real-world scenarios they will inevitably encounter throughout the course of their careers.
Whatever their end destination may be, students will succeed with this mix of conceptual understanding and application skills.
The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.
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Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Stationary Engineers? Check all that apply.
integrity
social
dependability
independence
artistic
a senior level public relations professional was dealing with issues that had the potential to create a crisis for her organization. in order to determine what to do, part of what the professional did was to consider what others in the same situation may do and whether the organization had faced similar situations before. what decision making model is this professional using?
The correct answer is Bowens Model for Strategic Decision Making.
This framework for moral decision-making is intended primarily to support the management of difficulties. In other words, it aids experts in making wise choices during a management process to prevent ethical issues and disasters. In this strategy, Bowen advises making sure the professional has autonomy over their decisions first. In this paradigm, it is critical that the public relations specialist be free from extraneous pressures that might alter the decisions they would make. The model then directs the expert to make a choice based on considerations for the primary obligations to the client and publics.
Professionals are advised to think about whether others in comparable circumstances could be required to act in a certain way, whether they would still make the same decision if they were the one being made, and whether this kind of issue has been encountered previously while making a decision. There is advice on how to convey the decision once it has been made.
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startup costs aren't deductible in the year that a business is started, but they can be amortized over
Startup costs aren't deductible in the year that a business is started, but they can be amortized anything over $5,000 must be amortized (deducted) over the following 15 years.
The IRS allows you to deduct $5,000 in charter fees and $5,000 in organization fees, but only if the total charter fees are less than or equal to $50,000. If incorporation costs exceed $50,000 in any region, the deductible amount will be reduced by the excess.
If your start-up costs actually keep your business going, you can: Deduct part of first-year expenses. When. The remaining costs are amortized (that is, divided evenly) over 180 months from the month the business was started.
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an airline ticket from baltimore to miami costs $425. a bus ticket is $125. traveling by plane will take 5 hours, compared with 35 hours by bus. thus, the plane costs $300 more but saves 30 hours of time. rosemarie will gain by choosing air travel if, and only if, each hour of her time is valued at more than
Rosemarie will gain by choosing air travel if, and only if, each hour of her time is valued at more than $10 per hour.
What is the ticket for airlines?An airline ticket is a paper or electronic record that an airline or travel agent issues to confirm a passenger's right to a seat on a trip.
Given,
Airline Ticket = $425
Bus Ticket = $125
Time is taken by Airline = 5 hour
Time is taken by Bus = 35 hour
Cost of Ticket Diffrernce = $300
Time Difference = 30hour
Required to find per save hour cost =?
Per save hour cost = Cost of Ticket Difference / Time Difference
Per save hour cost = $300/30
Per save hour cost = $10
Thus, Only if Rosemarie's time is worth more than $10 per hour will she benefit from selecting air travel. An airline ticket from Baltimore to Miami costs $425. a bus ticket is $125.
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What is another term for "liable"?
A. being financially astute
B. having business acumen
C. being personally responsible
D. having regulatory control
Answer:
D
Explanation:
Liable means having control there for the answer is d
Chevening is looking for individuals who will be future leaders or influencers in their home countries. explain how you meet this requirement, using clear examples of your own leadership and influencing skills to support your answer.
There are many ways to become a competent leader or influencers some of them are as follows:
Follow the rules and guidelines: a good leader should always make sure to follow the public rules wherever and whenever possible as it is the leader that people look up to regarding the social behavior.Taking a stand for social issues: there are many social issues going around the society, a good leader listen to them and takes a stand against it to help the ones facing them.Speaking through actions: it is not only just the words that the leader has to speak it is through the actions that a leader is going to prove his/her views.Helping the ones in need: for a good leader the society or people around them is their family and need to look out for them and take decisions in their welfare.To know more about leader refer to the link below
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an important component of planning your career goal is to complete a(n) , which can be used to help measure your current strengths and opportunities.
The career planning process has four components: (1) Self Assessment, (2) Career Exploration, (3) Career Identification, and (4) Action Plan. If you're driven, you can easily go through these steps on your own.
The active management of your career and the organized planning of its future are referred to as career planning. Your personality, your skill set, and the role you want to play in your career should all be taken into account, along with the shifting demands of the labour market.
Taking the time to determine your career goals and the path you'll take to them is a crucial step in the career planning process. This approach can be done independently or in collaboration with a career or guidance advisor. The process of career planning can also be started at any stage of your professional life.
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to maximize total revenue, the airline should charge $400 to both groups. $400 to leisure travelers and $500 to business travelers. $500 to leisure travelers and $400 to business travelers. $500 to both groups.
To maximize overall revenue, the airline has to price $400 for each organizations. $400 to entertainment vacationers and $500 to commercial enterprise vacationers. $500 to leisure travelers and $four hundred to commercial enterprise vacationers: is inelastic.
Rate elasticity consistent with mid point approach = [(Q2-Q1)/(Q2+Q1)/2]/[(P2-P1)/(P2+P1)/2]
For leisure travelers:
= [(50-100)/(50+100)/2]/[(500-400)/(500+400)/2]
= (-50/one hundred fifty)/(one hundred/900)
= -three
change in revenue = New sales - antique revenue = 50*500 - one hundred*four hundred = -15000
therefore, the call for is elastic
For business travelers:
= [(90-100)/(90+100)/2]/[(500-400)/(500+400)/2]
= (-10/one hundred ninety)/(a hundred/900)
= -zero.forty-seven
trade in revenue = New sales - antique sales = 90*500 - a hundred*400 = 5000
therefore, the call is inelastic.
Revenue is the entire quantity of earnings generated by the sale of goods or offerings related to the employer's number one operations. revenue, additionally referred to as gross income, is frequently known as the "pinnacle line" because it sits on the pinnacle of the profits assertion. income, or net income, is a corporation's total profits or income.
Sales are also recognized definitely as "sales", do not deduct any expenses or prices related to running the business. income is the number of profits that stays after accounting for all expenses, money owed, extra income streams, and operating fees.
Your annual sales are the amount of cash your organization earns from income over a year; it does not consist of prices and prices. To calculate your annual revenue, you multiply the amount of each product you offered by means of its sale charge, and then add every product's annual income to determine your gross annual sales.
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As a manager, colin realizes that there is no single formula for making easy decisions. In reality, business decisions he has to make involve uncertainty and risk. This describes the ______ model of decision making.
Colin understands as a manager that there is no single formula for making simple decisions. In reality, the business decisions he must make are fraught with uncertainty and risk. This describes the non-rational decision-making model.
The term "nonrational" refers to a diverse class of decision-making theories created to address problems with traditional "rational" theories. Models of procedural rationality, bounded rationality, and satisficing are all terms used to describe nonrational theories. Non-rational models accept that we have insufficient information about the outcomes of different options. Decisions made are fraught with uncertainty and risk
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the study of business activities for the purpose of making recommendations about the efficient and effective use of resources, effective achievement of business objectives and compliance with company policies is auditing.
the study of business activities for the purpose of making recommendations about the efficient and effective use of resources, effective achievement of business objectives and compliance with company policies is operational auditing
What is operational auditing?
An operational audit is the process of assessing a company's operational activities, both on a daily basis and on a larger scale. An operational audit focuses more deeply than other types of audits, which might only examine one department or the business' finances.
It provides a comprehensive view at all of the internal divisions and procedures that make up a company's operations. An operational audit looks at how a firm runs its operations with the goal of enhancing overall effectiveness, as opposed to a conventional audit that assesses financial accounts.
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• calculated transition and risk costs associated with recommendations of tobacco regulation acts regarding
Republic Act No. 9211, often referred to as the Tobacco Regulation Act of 2003, is an all-encompassing regulation that controls, among other things, smoking in public places, tobacco advertising, promotion, and sponsorship, and sales limitations.
What is Tobacco Regulation Act ?The Family Smoking Prevention and Tobacco Control Act (Tobacco Control Act), which was enacted on June 22, 2009, grants FDA the ability to control the production, distribution, and marketing of tobacco products in order to safeguard the public and ensure a healthy future for all Americans.
With the approval of the Family Smoking Prevention and Tobacco Control Act by the US Congress, the U.S. Food and Drug Administration started to regulate tobacco in 2009.
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consider a five-year, $1000 bond with a 3% coupon rate and semiannual coupons. suppose the interest rate is 4.0% (expressed as an apr with semiannual compounding). what price is the bond trading for now? please round to the nearest whole number.
A five-year, $1000 bond with a 3% coupon rate and semiannual coupons. suppose the interest rate is 4.0% (expressed as an apr with semiannual compounding). The price is the bond trading for now will be (1+0.02)^2-1 = .0404, or 4.04% which will equal to $925.
Interest rate is the amount charged over and above the principal amount by way of the lender from the borrower. In phrases of the receiver, someone who deposits cash to any bank or monetary organization also earns additional income considering the time fee of cash, termed as interest rate obtained by the depositor.
How does an interest rate work?
Inside the case of money you own, inclusive of a financial savings account, interest rate is the quantity you earn whilst you let someone else use or hold your price range. As an instance, if you borrow $5,000 at a easy interest rate of 3% for five years, you'll pay a total of $750 in hobby. The formula for simple interest is A = P (1 + rt).
Is high interest rate proper or terrible?
“if you're a saver, higher interest rate are precise. You earn more interest for your savings. in case you're a borrower although, better interest rates are bad. It method it'll cost you extra to borrow,” said Richard Barrington, a personal finance professional for cash costs.
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how did the development of irrigation systems improve living conditions? it made people less dependent on trade. it made people less dependent on trade. it gave people a surplus of food. it gave people a surplus of food. it made people switch from hunting to herding. it made people switch from hunting to herding. it allowed people to move out of town onto farms.
Correct answer is B. The development of irrigation systems improve living conditions it gave people a surplus of food.
As a result, they were able to exchange their excess for other necessities with nations who lacked food but possessed other items or technologies. Since there was a surplus, they didn't suffer because they already had enough food for themselves.
Why did irrigation become a significant advancement?People became less reliant on commerce as a result. People became less reliant on commerce as a result. the folks received a plenty of food. the folks received a plenty of food. People began herding instead of hunting as a result. People began herding instead of hunting as a result. It enabled people to relocate from cities to farmland.
Irrigation enhances agricultural growth and quality in regions with erratic precipitation. Irrigation also contributes to more constant food supply by enabling farmers to plant crops on a regular basis. Irrigation was an activity that many ancient civilizations throughout the world engaged in.
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e-business is the exchange of goods and services among individuals, typically facilitated by a third party.
C2C business is the exchange of goods and services among individuals, typically facilitated by a third party.
C2C refers to a market situation in which one customer purchases goods from another customer with the aid of a platform or business run by a third party. The sharing economy and e-commerce gave rise to a specific type of business model known as C2C companies.
What is E-Commerce?
E-commerce, also referred to as electronic commerce, is the transfer of products and services as well as funds and data through an electronic network, most frequently the internet. These business transactions may be B2B, B2C, C2C, or C2B (business-to-business, consumer, or business-to-business). E-tail is another name for the transactional processes that make up online retail shopping. Online retail has grown dramatically over the past 20 years thanks to the widespread use of e-commerce platforms like Amazon and eBay. According to the U.S. Census Bureau, e-commerce accounted for 5% of all retail sales in 2011.
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allen filed his 2022 tax return on may 15th, 2023, and underreported his gross income by 30 percent. assuming allen's underreporting is not due to fraud, the statute of limitations for irs assessment on allen's 2022 tax return should end:mult
The statute of limitations for irs assessment on Allen's 2022 tax return should end: none of the choices are correct.
How to determine when to file the statute of limitations for the tax returnWhen there is the cased of underreporting of the tax return of a person that is not due to fraudulent activities, the statute of limitation would have to end after 6 years form the date that the return was filed and the due date of that return.
We can see that he made the filing in the month of may 2023, when we add 6 years to this, it would have to be filed on the 15th of may 2029. Since the question does not have this date, we can say that none of the options are correct
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complete question
a. may 15 2024
b.april 15 2024
c. may 15 2025
d. april 15 2025
e. none of the choices are correct
what is corporate social performance and how does this differ from traditional corporate performace?
Corporate social performance refers to the tenets, practices, and results of a company's interactions with individuals, groups, and the environment, including both the intentional and unforeseen effects of those interactions.
Why is corporate social performance important?According to research, CSR enhances the value of the product, and customers are more likely to be motivated to increase the perceived value and degree of pleasure with the products provided by socially responsible businesses than by those that are not.
Corporate social responsibility is a related idea (CSP). Most of the time, CSP is a development of the idea of CSR that places an emphasis on actual results obtained rather than the generic idea of corporations' accountability or obligation to society. CSP follows naturally from CSR as a result.
A corporation engages in corporate social responsibility (CSR) when it goes above and beyond the law's requirement that it only pursue financial gain and takes measures that benefit society as a whole.
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an economic model of the evolution of food retail and supply chains from traditional shops to supermarkets to e‐commerce
The trends in retail at any particular time and location for various business kinds (such as traditional shops, supermarkets, and online e-commerce).
What is a model of economic theory?
An economic model is a condensed description of reality that produces testable hypotheses about how the economy will behave. An key characteristic of an economic model is that, due to the lack of any objective metrics for economic results, its design must unavoidably be subjective.
Who formulated the economic evolution theory?
The release of Richard Nelson and Sidney G. Winter's An Evolutionary Theory of Economic Change is among the key contributions to the developing discipline of evolutionary economics.
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a. explain the typical shapes of the marginal-benefit and marginal-cost curves. the marginal-benefit curve is (click to select) sloping. the marginal-cost curve is (click to select) sloping. b. with these curves, the optimal allocation of resources to a particular product will occur when (click to select) . c. if current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? (click to select)
The Curve of marginal benefit's slope is a downward sloping curve that demonstrates that if government expenditure becomes more insecure, the extra benefit to the public will decrease. The marginal cost curve is trending higher, imposing an additional unit of tax on persons who have greater marginal cost owing to sacrifice.
What is marginal benefit?A marginal benefit is a modest but demonstrable benefit that a buyer receives by purchasing an additional unit of an item or service.
As a customer decides to consume more of a single commodity, the marginal benefit typically decreases.
With these curves, the optimal allocation of resources to a particular product will occur when?Optimal resource allocation for a certain product means that the marginal return for each type of outlay is the same. In other words, optimal resource allocation occurs when the marginal benefits of each item become equal.
If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product?The marginal cost is greater than the marginal benefit Financial activities will likewise be inefficient and inefficient because the marginal sacrifice exceeds the marginal benefit.
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the dallas development corporation is considering the purchase of an apartment project for $100,000. they estimate that they will receive $15,000 at the end of each year for the next 10 years. at the end of the 10th year, the apartment project will be worth nothing. required: a. if dallas purchases the project, what will be its internal rate of return, compounded annually? note: do not round intermediate calculations and round your final answer to 2 decimal places. b. if the company insists on an 8 percent return compounded annually on its investment, is this a good investment?
The internal rate of return is 8.14%.
The investment is still a good investment.
What is the internal rate of return?The internal rate of return is a capital budgeting method that is used to determine the profitability of a project. It is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
A disadvantage of the internal rate of return is that there can be multiple IRRs if the negative cash flow does not occur at the beginning of the investment. A benefit of the internal rate of return is that it accounts for the time value of money.
The internal rate of return can be determined using a financial calculator.
Cash flow in year 0 = -100,000Cash flow each year from year 1 to 10 = 15,000IRR = 8.14%
If the company insists on an 8 percent return compounded annually on its investment, it is a good investment because the internal rate of return is greater than the discount rate.
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a u.s.-based shoe company has decided to invest in a british company that specializes in clasps and buckles. this would be an example of .
A United States-based shoe company has decided to invest in a British company specializing in clasps and buckles would be an example of Foreign Direct Investment
Foreign direct investment occurs when a party from one nation invests in a company or organization in another with the hope of forming a long-term relationship FDIs are distinct from foreign portfolio investments, letting investors hold foreign assets without active involvement.
A foreign direct investment might be made by acquiring a long-term stake or expanding a company overseas. The aspect of control is essential to foreign direct investment. Control signifies the desire to direct and shape a foreign company's operations actively. It is the main distinction between passive foreign portfolio investments and FDI.
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linda earned an income of $3,000 per month, which has now increased to $3,500 per month. she saves 10 percent and spends the remainder on food, lodging, and other expenses. so far, she has managed to save $20,000. what is the change in her consumption per month after the increase in income?
The change in Linda's consumption per month after the increase in income is $3,150
Given,
Income = $3,000
Increased Income = $3,500 per month
Savings = 10 percent
So Linda's consumption per month after the increase in income is calculated below.
Increased Income - Savings
= $3,500 - 10%
= $3,150
Thus, $3,150 is the change in Linda's consumption per month after the increase in income.
When the consumption increases as the income increases, and the larger the marginal propensity to consume, the more sensitive current spending becomes to current disposable income.
Hence, individuals tend to increase their consumption as their income increases, but to a lesser extent.
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how is opening a 2nd store a good method of research and will will it help the business?
Answer:
opening a second store is a good method of business because people will think, "oh this is a successful business because they have more than one locations." It will help the business by bringing in more customers.
Explanation: