Answer:
Both IFRS and GAAP
Explanation:
Both GAAP and IFRS allow First In, First Out (FIFO), weighted-average cost, and specific identification methods for valuing inventories.
However, GAAP also allows the Last In, First Out (LIFO) method, which is not allowed under IFRS (extra info)
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Answer:
D
Explanation:
Match the design thinking stage to its description.
Question 14 options:
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs)
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better
Analyze observations and information to identify the core problem
The design team comes up with solution ideas
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers
1.
Empathize
2.
Define
3.
Ideation
4.
Prototype
5.
Test
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs) - Prototype.
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better - Empathize
Analyze observations and information to identify the core problem - Ideation
The design team comes up with solution ideas - Ideation
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers - Test
What is a Design thinking?Generally, a design thinking means the set of cognitive, strategic and practical procedures used by designers in the process of designing and to body of knowledge that has been developed about how people reason when engaging with design problems. A design thinking is also associated with the prescriptions for the innovation of products and services within business and social contexts.
The term "design thinking" is been used to refer to specific cognitive style, a general theory of design (which is way of understanding how designers work), and a set of pedagogical resources (through which organisations or inexperienced designers can learn to approach complex problems in a designerly way).
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Do you think it’s better to take out a loan to fund a business or seek out an investor?
Answer:is better to take out a loan
Explanation:
"Drag each label to the correct location on the image.
Match the features to the relevant inventory systems.
records purchase of inventory
in the purchase account records purchase of inventory
in the inventory account
inventory account is updated on inventory account is updated every purchase at the end of a time period
inventory is physically counted Perpetual Inventory System
Periodic Inventory System"
Each features should be matched to the relevant inventory systems as follows;
Perpetual Inventory System: records purchase of inventory in the inventory account.Periodic Inventory System: records purchase of inventory in the purchase account records.Perpetual Inventory System: inventory account is updated on every purchase.Periodic Inventory System: inventory account is updated at the end of a time period.Periodic Inventory System: inventory is physically counted.What is an inventory?An inventory can be defined as the raw materials or items that are used by a business firm (manufacturer or producer) for the manufacturing of finished goods, as well as goods that are in various stages to be made ready for sale to consumers.
What is a perpetual inventory system?In Economics, a perpetual inventory system is sometimes referred to as perpetual system of inventory and it can be defined as a method of financial accounting that typically involves updating information about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by customers, especially through the use of enterprise management software applications and a digitized point-of-sale (POS) equipment.
Furthermore, an advantage of the perpetual inventory system (perpetual system of inventory) over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft, etc.
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You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Exercise 10-9 (Static) Return on Investment (ROI) and Residual Income Relations [LO10-1, LO10-2]
A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector
industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign.)
Sales
Net operating income
Average operating assets
Return on investment (ROI)
Minimum required rate of return:
Percentage
Dollar amount
Residual income
Company A
$ 9,000,000
$ 3,000,000
18 %
16 %
Company B
$ 7,000,000
$ 280,000
$
14 %
320,000
%
Company C
$ 4,500,000
$ 1,800,000
$
%
15 %
90,000
Which factors do the courts concider when they determine whether a work environment is hostile or abusive?
In determining whether an atmosphere is "hostile" or "abusive," courts must analyze all the relevant facts and should take the following non-exhaustive list of considerations into account:
The frequency of the discriminatory behavior; The severity of the behavior; Whether the offensive behavior constitutes a physical threat or humiliation or merely an offensive utterance; andWhether the offensive behavior unreasonably hinders an employee's ability to perform their job duties.How an hostile environment worksWhen an employer behaves in a way that unreasonably interferes with a worker's ability to fulfill their job duties or results in a hostile, offensive, or intimidating workplace, it is said to be generating a hostile environment.
While every case is different, in general you must demonstrate that your membership in a protected class resulted in a persistent and offensive work environment
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The factors that the courts consider when they determine whether a work environment is hostile or abusive are:
The frequency of the discriminatory behavior;The severity of the behavior; Whether the offensive behavior constitutes a physical threat or humiliation or merely an offensive utterance.How an hostile environment works?When an employer behaves in a way that unreasonably interferes with a worker's ability to fulfill their job duties or results in a hostile, offensive, or intimidating workplace, it is said to be generating a hostile environment.
Therefore, While every case is different, in general you must demonstrate that your membership in a protected class resulted in a persistent and offensive work environment
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Lighting designers need to be able to envision the space they are designing. They must consider the mood and feeling that will best fit the space. But they also need to have technical knowledge. What is an example of technical knowledge that a lighting designer needs? A. understanding of color theory and fabrics B. understanding of 3D modeling to draft building blueprints C. understanding of building codes D. understanding of GIS systems
An example of technical knowledge that a lighting designer need is understanding of building codes. (Option C).
Who is a Lighting Designer?A lighting designer works with the director, choreographer, set designer, costume designer, and sound designer to develop the lighting, atmosphere, and time of day for the performance in response to the text while taking visibility, safety, and financial factors into account.
The lighting designer is required to create, construct, and manage the show's special electrical effects and lights. In the field of mid-century lighting design, Achille Castiglioni and his brother Pierre were two designers that left a lasting impression.
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PLEASE I CAN'T FAIL AGAIN What is one reason a business may not begin their financial year on January 1?
A. cold weather
C. tradition
B. GAAP
D. holiday shopping
Answer:
Holiday Shopping
Explanation:
Many companies use different fiscal years than the traditional calendar year because it allows them to better represent their revenue and expenses.
Examples are retail stores because of the spike of Christmas shopping.
Mariia drove her car 700 miles this year in the course of volunteering for the American Red Cross if she uses a standard mileage rate to deduct expenses how much may she deduct on her 2022 schedule a
The amount that she would have to deduct in her schedule a would be 98 dollars.
How to solve for the deductible expenseIn order to get the amount that is to be deducted from Mariia, we would have to be aware of the standard mileage that is used in the United States.
The work that she is doing is a course of volunteering for the American Red Cross. Hence this can be classified as charity.
The standard mileage for charity is given as 0.14 cents.
Hence we would have Total Deductible = 700 * 0.14
Total Deductible Expenses = $98
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26. (Figure: Monopolies Versus Competitive Industries) Based on the graph, under a monopoly consumer surplus is and producer surplus is _____.
f ; e+h+g
e+f+i ; g+h+j
f ; e+g+h+i+j
e+f ; g+h
27. Under what condition would perfectly competitive firms experience losses?
P>M C
AT C>P
AT C>MC
P>ATC
that's crazy
Explanation:
have fun tho
26. Based on the graph, under a monopoly, consumer surplus is represented by area "f," and producer surplus is represented by the combined area of "e," "h," and "g." Thus, option A is correct.
27. Perfectly competitive firms experience losses when ATC exceeds P, indicating that production costs exceed revenue. Thus, option B is correct.
31. If the supply curve shifts rightward, the demand curve also shifts rightward, and demand grows relatively less than supply, then price will fall and quantity will rise. Thus, option D is correct.
32. When the price of running shoes is higher than the market equilibrium price, consumer surplus falls and deadweight loss rises. Thus, option A is correct.
Consumer surplus refers to the economic benefit or value that consumers receive when they are willing to pay a price for a good or service that is lower than the actual market price.
Consumer surplus reflects the additional utility or satisfaction gained by consumers from purchasing a product at a price lower than their maximum willingness to pay.
Producer surplus, on the other hand, represents the economic benefit or profit that producers receive when they are able to sell a good or service at a price higher than their minimum acceptable price.
It reflects the difference between the price at which producers are willing to supply a product and the actual market price.
Therefore, the correct options are:
26. Option A is correct.
27. Option B is correct.
31. Option D is correct.
32. Option A is correct.
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Paul Casey retired from the U.S. Navy in 2015. He receives a military pension based on his years of service. On August 3, 2021, he received a determination of service-connected disability retroactive to 2015. Which of the following is true regarding Paul’s claim for a refund for taxes paid on his pension?
Paul can submit a claim for a refund of the taxes he paid on his pension in 2015 under the special limitation period as long as he does by August 3, 2020.
What is military pension?The American system of perks known as military retirement is intended to increase the caliber and retention of recruits and retainers for the military.
The possibility of earning a retirement pension for life, regardless of whether you work in the civilian sector after serving in the military or not, is one of the main benefits of joining the military, even though most working Americans no longer receive pensions. a pension, which is only available to retirees who had at least 20 years of employment with the company prior to their retirement. It is distributed as a lifetime annuity and is wholly funded by the government.
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please someone answer this, i cant find it anywhere and I keep getting 6725
The cost of Software E to you in the long run, based on the satisfaction probability, can be found to be $50, 000
How to find the cost in the long run?The cost in the long run of Software E can be found by the formula:
= ( Probability of satisfaction x Cost in long run ) + ( Probability of non- satisfaction x Cost in long run )
The Probability of non- satisfaction x Cost in long run is given to us as $12, 500.
Assuming the cost in the long run is x, the equation becomes:
( 75 % × x ) + 12, 500 = x
0.75x + 12, 500 = x
75/ 100 x + 12, 500 = x
75x + 1, 250, 000 = 100x
100x - 75 x = 1, 250, 000
25 x = 1, 250, 000
x = 1, 250, 000 / 25
x = $50, 000
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Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is...
The profit-maximizing output for this firm, given the short - run data on the graph, is 320 units.
How to find the profit - maximizing output?The profit-maximizing output for a firm is the point where the marginal revenue received is equal to the marginal cost incurred. This means that every additional unit sold both cost the same to produce, as the revenue it brings in.
The point where the marginal revenue and the marginal cost are equal to each other is the lowest point of the Total cost curve This point on the graph is 320 units so this is the profit-maximizing output.
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