Establishing accounting and financial reporting standards for businesses and nonprofit organizations in the United States in accordance with generally accepted accounting principles (GAAP) is the responsibility of the Financial Accounting Standards Board (FASB), an independent nonprofit organization.
What is Financial Accounting Standards Board?
For both public and private businesses as well as nonprofit organizations, the Financial Accounting Standards Board has the power to create and interpret generally accepted accounting principles (GAAP) in the US. Companies, charity organizations, and governments should adhere to a set of standards known as GAAP when creating and presenting their financial statements, including any related party transactions. The FASB is acknowledged as the organization that sets accounting standards for public firms by the Securities and Exchange Commission (SEC). State accounting boards, the American Institute of Certified Public Accountants (AICPA), and other groups in the industry also acknowledge it.
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Customers are invited to participate in an online survey of their satisfaction with service. they are offered a $5 gift card for completing the survey. results of this survey may be biased because?
Customers are invited to participate in an online survey of their satisfaction with service. Results of this survey may be biased because people who respond to surveys may be different.
A customer is a character or enterprise that purchases another agency's items or offerings. clients are essential due to the fact they drive sales; with out them, organizations can not live on.
The consumer is the recipient of a good, carrier, product or an concept - obtained from a vendor, supplier, or provider through a financial transaction or alternate for cash or a few different precious attention.
A consumer has an immediate dating with the seller. though both terms may be used interchangeably, they're very distinctive.
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In the interview in the ""introduction to marketing""-lecture on 09/13/22 a company representative of fidelity described how fidelity segments their markets. Based on which factors does fidelity segment their markets?.
Mass marketing, often known as undifferentiated marketing, is a tactic that involves developing a single message for every possible audience. It increases brand recognition and enables firms to contact more customers at a reduced cost.
It encompasses all the activities that companies undertake to push, sell, and distribute that product or service. The goal is to come up with sales and build a loyal Marketing customer base by informing prospective and existing buyers about the offering. The key purpose of selling is to induce people to inquisitive about the products or services of an organization.
This happens through market research, research and contemplating the interest of a business's ideal customers and attracting them through messaging which might be educational and helpful to a business's target group.
Marketing Management is an organizational discipline, which deals with the sensible application of promoting orientation, techniques and methods in enterprises and organizations and with the management of a company's marketing resources and activities.
The underside line of any business is to form money and marketing is a vital channel to achieve that end goal. Creative explained that without marketing many businesses wouldn't exist because marketing is ultimately what drives sales.
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What financial statements can be found in a firm's annual report? what checks exist to ensure the accuracy of these statements?
The balance sheet, income statement, statement of cash flows, and statement of shareholder's equity are among the financial statements that can be included in a company's annual report that complies with IFRS.
The checks that exist to ensure the accuracy of these statements is:
When preparing their reports, public firms are required to adhere to a standardized set of guidelines and a standard structure.An impartial third party, referred to as an auditor, is appointed by corporations to review the yearly financial statements, confirm that they are prepared by GAAP, and provide supporting documentation for the accuracy of the information.The Sarbanes-Oxley Act mandates that in addition to the auditor's role in analyzing the financial statements, the CEO and CFO both individually attest to the veracity of the financial statements provided to shareholders and sign a statement to that effect.What is an Annual Report?The annual financial report, sometimes known as the annual report or just the annual report, is an audited account of the health and performance of a corporation or mutual fund. It is presented annually to shareholders as a kind of openness. Accounting documents are completely accessible to investors and the general public so they can learn more about the state, worth, and potential of the business.To learn more about annual reports, refer to:
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What are some things that the presenter can do to engage the audience?
Answer:
Wow
Explanation:
Co
Answer:
Start your presentation by making them think. Ask them a question, or start with statistics. Make your presentation as relatable as it can possibly get. DON'T repeat yourself. I causes the audience to get board. Don't tell them why your presentation matters, show them. Be confident and do your best. It spreads a positive message and the more confident you seem on the topic and on the presentation the more people will want to listen.Explanation: BELIVE IN YOURSELF AND DO YOUR BEST, if it still doesn't go well, life might be trying to tell you something.
Hope this helps! I know you'll do great!
A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. What is the opportunity cost of her typing the legal brief?.
$300, since that's the amount she could have made by arguing a case in court is the is the opportunity cost of her typing the legal brief.
What is opportunity cost and example?
The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the chance cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
What is opportunity cost known as?
Opportunity cost is commonly defined as the next best alternative. Also, referred to as the alternative cost, it's the loss of gain which could have been gained if another alternative was chosen. It also can be explained as the loss of benefit due to a change in choice.
Why is cost important?
The concept of cost helps us to choose the best possible option among all the available options. It helps us use every possible resource tactfully and efficiently and hence, maximize economic profits.
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The individual accounts in a general ledger are frequently assigned a number according to the _____________ _____________ _____________ .
The individual accounts during a general ledger are frequently assigned a number according to the chart of accounts.
What is the meaning of chart of accounts?
A chart of accounts (COA) may be a financial, organizational tool that gives an index of every account in an accounting system. This provides an insight into all the financial transactions of the corporate . Here, an account may be a unique record for each type of asset, liability, equity, revenue and expense.
Why may be a Chart of Accounts so important?
it's important because it is designed as a way to separate expenditures, revenue, assets, and liabilities, so a business can have a transparent understanding and view of their overall financial health.
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When a firm buys back outstanding shares of common stock, which of these measures increase?
When a firm buys back outstanding shares of common stock, the price of the company's shares increases.
What is a common stock?Common stock is a security that represents ownership in a corporation. In a liquidation, common stockholders receive whatever assets remain after creditors, bondholders, and preferred stockholders are paid.
What happens when a firm buys back outstanding shares of common stock?Companies of all sizes buy back their own stock for a number of reasons, such as to try to pump up the share price or to insulate the company from the possibility of a hostile takeover. When a company repurchases stock, it can affect the value of the remaining outstanding shares, the payment of dividends and even control of the company itself.
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A $1.000 par value bond with a 12.68 percent coupon rate, currently selling for $995, has a current yield of:_________
The current yield will be 126.8/995 = 12.74%
What is the Current yield?The annual return on an investment (interest or dividends) is calculated by dividing it by the security's current market value. Instead, then focusing on a bond's face value, this metric looks at its current price.
The return an investor would anticipate making if they bought and held the bond for a year is represented by the current yield.
The return an investor earns if he retains a bond to maturity, however, is not represented by the current yield.
Bond investments, which are securities that are issued to an investor at a par value of $1,000, are the assets to which current yield is most frequently applied.
Bonds are traded between investors, and each bond has a coupon amount of interest that is printed on the bond certificate.
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A person only has a new car to trade for a steak dinner. let's say he finds someone offering a steak dinner that is also interested in obtaining a new car. what is the problem that this person faces?
The most relevant trade is between the persons having chickens and bags of corn. Because they both wish to trade but they only have a struggle in deciding the fair quantity of bag of corn for a chicken. And in all the other given situations persons are not trading either they refuse or trade does not take place. Option D is correct.
A person plural people or persons is a being that has certain capacities or attributes such as reason, morality, consciousness, or self-consciousness, and is a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility.
Persons are often used in formal, legal contexts to emphasize individuals as opposed to a group. People is the plural of person that's most commonly used in everyday communication to simply refer to multiple humans. But people can also be used as a singular noun to refer to a population or particular community.
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People/organizations who give out money to companies and businesses are called:
Those who give out money to companies and businesses are called investors. Hence, Option C is correct.
Who are investors?When former businesses require monetary support, it is not possible to raise money on an individual basis. Sometimes it is kind of family support that one gets to expand the business, but if we want to extend their project, they need money from outsiders.
These are called investors, who land the money to the companies of business so that they can share the profit and become partners in them as well and make more money from it.
Thus, Option C is correct.
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The complete question has been attached in text form:
People/organizations who give out money to companies and businesses are called:
Group of answer choices
A). researchers.
B). analysts.
C). investors.
D). employees.
Economists believe that production possibilities frontiers:____.
a. often have a bowed shape.
b. always have a bowed shape.
c. rarely have a bowed shape.
d. never have a bowed shape.
Economists believe that production possibilities frontiers often have a bowed shape.
An economist is a professional practitioner of the social science of economics. Individuals may also research, develop, and apply economic theories and concepts and write about economic policy. Within this field, there are many subfields, ranging from broad philosophical theories to research focused on specific market details, macroeconomic analysis, microeconomic analysis, or newspaper analysis. financial reporting, which involves analytical methods and tools such as econometrics, statistics, and economics. computer modeling, financial economics, mathematical finance, and mathematical economics.
Economists work in a variety of fields, including academia, government, and the private sector, where they can also "... study data and statistics to detect trends in activity." economic activity, economic confidence, and consumer attitudes They evaluate this information Using advanced statistical analysis, mathematics, and computer programming methods, they propose topics suggestions on how to improve system efficiency or capitalize on trends as they begin.
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How do profit pressures influence the news media? do you think nonprofit journalism is, or can be, significantly different from for-profit journalism?
For news media, profit pressures can actually dictate in such a way that they would actually be motivated in spreading false news just for sensation purposes so that more views can be achieved and more profit can be earned from it and this can result in negative publicity or spreading false news to the people which might be mishaps.
Then the true sense of journalism would diminish whereas nonprofit journalism might be different in this case because they are not motivated by profits or political pressures where the main aim for them is to understand the news properly and make it available for the people and they are the ones who actually hold the true values of journalism all in all and that is the reason why there is a significant difference between profit and nonprofit journalism.
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A payer may _________ a procedure that it determines was not medically necessary at the level reported.
Any operation that a payer determines was not medically required at the level reported may be down coded.
Operating entails The deliberations and choices made by participants and employees of a business that have an impact on the production, distribution, service, management, etc. that are necessary for a firm to operate and that involve the use of resources and assets. The on-and-off motion of a light switch serves as an illustration of an action. A person having their appendix removed is an example of a surgery. the area of an organisation that handles the crucial operating and planning tasks. a mission, campaign, or activity of the armed forces or navy. Binary and unary operations are the two main categories. Negation and trigonometric functions are examples of unary operations that use only one value. Contrarily, binary operations, such as addition, subtraction, multiplication, division, and exponentiation, require only two values.
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Deflation:_____.
a. can cause budget surpluses.
b. can lead to increased output.
c. does not affect output.
d. can lead to decreased output.
Deflation can lead to decreased output .
Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.
Deflation can lead to decreased output in a way that the demand of goods is way too high therefore the purchasing power is elevated. And the prices of goods is also lower.
Additionally, manufacturers may get skeptical about producing goods due to the low prices for the goods that affect them.
Although, it may seem like the fact that prices are lower is good, deflation can drastically affect the economy and lead into recession and depression.
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Why would a new home buyer be required to purchase fire insurance before a broker transfers funds to the seller?
The reason why a new home buyer would be required to purchase fire insurance before a broker transfers funds to the seller is that it assure the lender with the information that the particular loan will be paid back.
What is the essence of the purchasing fire insurance before a broker transfers funds to the seller?The essence of the purchasing fire insurance before a broker transfers funds to the seller is that the lender will giving assurance about the likelihood of payment of the loan.
It should be noted that the policymakers have incentives to adhere to with respect to the policy decision made today, in the future.
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If the price of a car is $3,500 with a 6% tax, and the percent of the down payment is 10%, what is the total amount of money you'll need to pay for the car? (total loan)
Based on the price of the car and the percent down payment, the total amount of money that you'll need to pay for the car is $560
What amount would you pay?The down payment on the car is:
= 3,500 x 10%
= $350
The tax on the car is:
= 3,500 x 6%
= $210
The total amount you'll need to pay for the car is:
= 350 + 210
= $560
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A firm has an incentive to decrease supply now and increase supply in the future if it expects that.
A firm has an incentive to decrease supply now and increase supply in
the future if it expects that price of its product will be lower in the
future than it is today.
When the price of a product goes down what happens?
Economists refer to this as the Law of Demand.
When the price rises, the quantity demanded falls (but demand itself stays the same).
When the price falls, the quantity demanded rises.
This is known as the Law of Demand.
Price and quantity increase as demand rises. Price and quantity decrease as demand falls.
Price decreases, and quantity increases as supply increases.
Supply decrease: price rises, quantity falls.
According to the law of demand, demand for a product or resource decreases as its price rises and increases as the price falls.
Conversely, the law of supply states that higher prices increase the supply of an economic good while lower prices decrease it.
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As a result of the shift, what will happen to price and quantity will:_______
a. increase
b. decrease
c. remain the same
Answer:
The answer is A, Increase
describe how expectation of changes in supply can affect the supply of a product
Expectations sellers have for a good's future price, which is taken for granted when constructing a supply curve. If sellers anticipate a higher price, supply will decline. If sellers anticipate a lower price, supply will rise.
How expectations can affect demand?Buyer expectations are one factor that shifts demand. Buyers who postpone purchasing an item today in the hopes that the price will drop in the future reduce the current demand for that item. On the other hand, if a customer anticipates that the price will rise in the future, there will be a greater demand for the product right now.
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The growing visibility of cohabitation before marriage was once considered ______, but it is now considered ______ in the united states.
The growing visibility of cohabitation before marriage was once considered deviant, but it is now considered normative in the united states.
Even though sociologists view cohabitation as a recent phenomena, it is widely acknowledged that it predates marriage. The distinction between marriage and cohabitation was not well understood in many nations until the middle of the eighteenth century. The line between these partnerships, for instance, was ambiguous in England until Lord Hardwicke codified marriage in 1753. However, even after Hardwicke's Marriage Act was passed, common-law unions were still widely accepted.
Marriage and cohabitation remained indistinguishable due to a lack of authorities to regulate legal unions and peculiarities in jurisdictional laws (Holland 1998; Seff 1995). During the nineteenth century, marriage truly evolved into the institution that it is today. During this time, marriage evolved from a largely religious custom to one that was frequently established by civil law.
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Assessment+of+a+40-year-old+patient+reveals+respiratory+distress,+tachycardia,+audible+expiratory+wheezing,+and+an+oxygen+saturation+of+88%.+the+emt+should+suspect:__________
The EMT should suspect diffuse bronchoconstriction.
What is bronchoconstriction?The smooth muscles of the bronchus contract when there is bronchoconstriction. The passageway that carries air to and from the lungs is called a bronchus. The bronchus narrows as a result of this muscular contraction, limiting the volume of air that can enter and exit the lungs.Usually, bronchoconstriction is a symptom of lung conditions such as asthma, emphysema, and others. However, even those without any lung conditions can experience bronchoconstriction when engaging in strenuous activity.Airway remodeling may also result from bronchoconstriction. When a disorder like bronchoconstriction alters the pattern of the airways, thickens them, or increases the amount of mucus they produce, this is known as airway remodeling.
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If a country's annual imports are $320 billion and its exports are $280 billion, the difference between the two is known as its:_______
If a country's annual imports are $320 billion and its exports are $280 billion, the difference between the two is known as its: balance of trade.
The types of trade.Basically, trade can be categorized into two (2) main groups and these include the following;
ImportExportWhat is a balance of trade?In Economics, a balance of trade can be defined as a measure of the difference between merchandise imports and exports out of a country, as well as a country's international trade in goods.
This ultimately implies that, balance of trade is a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.
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DeNova Real Estate signed a four-month note payable in the amount of $47200 on May 1. The note requires interest at an annual rate of 6%. The amount of interest to be accrued at the end of May is:__________
The amount of interest to be accrued at end of May = $944
Interest Expense:We can calculate the interest expense using the face value of the note, interest period, and interest rate. The amount should be paid on maturity but should be accrued if the payment is due for the next period.
Solving :DeNova Real Estate provides that:
Face value of notes payable = $47200
Annual interest rate on note = 6%
Issue date of the note = May 1
We can compute the interest for four month using the following equation:
Interest for May = [tex]\frac{Face value of the note * interest rate }{total period } * interest period[/tex]
[tex]\frac{47200 * 6}{12} * 4 months \\\\= $944[/tex]
The amount of interest to be accrued at end of May = $944
What happens when interest rates rise?
Rising interest rates typically make all debt costlier , while also creating higher income for savers. Stocks, bonds and land may also decrease in value with higher rates. you'll take defensive action to help prepare for bad economical times while growing your overall finances
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All of the following are not-for-profits except ________.
a. irs
b. dmv
c. ups
d. u.s. postal service
DMV is the correct answer.
What are not-for-profits?
In contrast to an entity that operates as a business to make a profit for its owners, a nonprofit organization (NPO), also referred to as a non-business entity, not-for-profit organization, or nonprofit institution is a legal entity organized and run by a collective, public, or social benefit.
The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties.
Many organizations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, and consumer cooperatives, are nonprofit.
Government approval is required for nonprofit organizations to be tax-exempt, however, some may also be eligible for tax-deductible donations.
However, an organization can incorporate as a nonprofit organization even if it does not have tax-exempt status.
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When considering decision alternatives, only relevant costs are included when using the?
When considering decision alternatives, only relevant costs are included using the differential cost approach.
The cost of two potential decisions or a change in production level is referred to as a differential cost.
What is differential cost?
Differential costs are changes in costs that may result from several factors, including an increase or decrease in output, changes in sales volume, alternative manufacturing methods, decisions to make or not make purchases, changes in product mix, etc. Therefore, a different line of action leads to differential cost.The cost difference that results from, for instance, replacing labor with machines with two different courses of action will be the differential cost.If a change in cost results from a shift in the level of activity, the differential cost is known as an incremental cost when output increases and a decremental cost when output decreases.Differential costs are sometimes considered to be incremental or marginal expenses. However, this is untrue. The absorption or entire costing method is used to determine expenses in differential cost analysis, whereas the marginal costing method only considers variable costs and leaves out fixed costs.To learn more about differential cost visit:https://brainly.com/question/28062205
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Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, who will benefit more?
Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, pet owners would receive most of the tax savings
Savings are the cash that are left over after subtracting a person's consumption costs from their available income during a given time frame. The sum of an individual's or family's savings is what remains after all obligations and debts have been paid. Since there is no risk of losing the money, but they also have very low returns, cash or its counterparts (such as bank deposits) are used to keep savings. Through investing, savings can grow, but doing so requires placing money at risk. Savings are the funds that are still available after expenses have been paid. Savings can be made for a number of life goals, including retirement or a child's education expenses.
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The point at which the costs of two options are equal, or that a system changes from losing to making money is called:_________
a) celebration point
b) breakeven point
c) break-loose point
d) braking point
You're looking for the word "Breakeven Point" to complete the sentence. Thus the correct answer is letter b. Breakeven point is the point at which the costs of two options are equal. It is also an indication that system changes from losing to making money.
When we compare the total costs of various options, there is no such thing as a celebration point.
Break-loose point is not even a term used in the business world, let alone accounting.
Additionally, there is no such thing as a braking point.
The breakeven point is the point at which the costs of two options are equal or the system switches from being in the negative to being in the positive.
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Owen cartwright has joined a real estate syndicate that bought an office building in downtown orlando, florida. what type of investment does he hold?
Owen cartwright holds gold bullion coins investment.
A bullion coin is a coin struck from subtle precious steel (bullion) and saved as a shop of cost or an investment rather than utilized in commerce.
A bullion coin is outstanding by an express statement of weight (or mass) and fineness on the coin; this is because the load and composition of cash meant for criminal smooth is unique in the coinage legal guidelines of the issuing state, and consequently there may be no want for an express assertion at the coins themselves.
The United Kingdom defines funding cash more especially as coins that have been minted after 1800, have a purity of now not less than 900 thousandths, and are, or had been, prison smooth in their country of beginning. Below u.s. law, "cash" that fail the remaining of these requirements are not coins at all, and every day is advertised as "rounds" as an alternative.
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What is the percentage change in the price of each bond if its yield to maturity falls from to ?
The formula to calculate the percentage change in the price of the bond is the change in yield multiplied by the negative value of the modified duration multiplied by 100%.
The phrase "yield" refers to the earnings generated and realized on an investment over a specified period of time. The amount invested, the security's current market value, or its face value are used to calculate the percentage that is displayed. A shareholder's interest or dividends from holding a particular security are included in yield. Depending on how much the security is worth, yields can either be considered known or anticipated (fixed vs. variable). Yield is the ratio of the cash flow that an investor receives to the amount invested in an asset. Even if there are other variations including quarterly and monthly yield, it is frequently computed on an annual basis.
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In june 2019, dropbox announced that they were increasing storage limits on some premium accounts to 3 terabytes, at no additional costs. this likely has the effect of (choose two):______.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox creates a unique folder on the user's computer to house all of the user's data in one location. The content of these folders is synced with Dropbox's servers and other computers and devices on which the user has installed Dropbox, keeping the same files current on all of the devices.
Using a freemium business model, Dropbox provides customers with a free account with a predetermined amount of storage, with premium subscriptions offering more space and more features. Users of Dropbox Basic receive two gigabytes of free storage. In addition to mobile apps for iOS, Android, and Windows Phone devices, Dropbox provides desktop applications for computers running Microsoft Windows, Apple macOS, and Linux.
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