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2 years ago

32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies

Business

1 answer:

Gnom [1K]2 years ago

4 0

Answer:

There are various significant accounting policies which are governed by IFRS and GAAP framework.

Explanation:

The significant accounting policies are revenue recognition, inventories accounting cost or NRV, Property plant and equipment, goodwill recognition and others. These policies are governed by accounting frameworks such as GAAP and IFRS. Both of these frameworks have differences in accounting treatment.

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According to the factor price equalization theorem, if country B is labor abundant, then if country B initiates trade with count

yKpoI14uk [10]

Answer:

wages should rise and rents should fall in A

Explanation:

The Factor Price Equalisation Theory states that when two countries trade, the price of identical factors of production will tend to be equalised across the countries. Factors of production include wage rate and rent of capital.

So if a country that is labour abundant trades with another country A there will be tendency for exportation of the excess labour of country B to country A.

As a result country A will become more labour intensive and wages of workers will rise since focus is more on use of labour.

However since less capital will now be used the money spent on renting capital will reduce.

6 0

2 years ago

ADR purchases wood screws from a local representative. The local rep visits the shop once every 3 weeks (21 days). When he arriv

anygoal [31]

Answer: Attached below is the missing data related to your question

answer : 66 boxes

Explanation:

Determine the number of boxes of screws that ADR should order

we can determine the number of boxes by applying the relationship below

Q ( quantity of boxes ) = d ( T + L ) + SS - I ------ ( 1 )

where: d = 2 ( average daily demand )

T = 21 ( frequency of visit by local rep )

L = 4 ( lead time )

SS = 20 , I = 4

back to equation 1

Q = 2 ( 21 + 4 ) + 20 - 4

= 2 ( 25 ) + 16

= 50 + 16 = 66 boxes

6 0

2 years ago

A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September

nlexa [21]

Answer:

Purchases= $57,530

Explanation:

Giving the following formula:

Production= 91,500*(1 - 0.18)= $75,030

Beginning inventory= $25,000

Desired ending inventory= $7,500

To calculate the budgeted purchases, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 75,030 + 7,500 - 25,000

Purchases= $57,530

6 0

2 years ago

Maria goes to a concert after her mother asked her not to go. The ticket price was $100, and Maria's mom found out and now doesn

igomit [66]

Answer:

Her mother's trust

Explanation:Since opportunity cost is summarily defined as the value of something that must be put on the line in order to acquire or achieve something else, the opportunity cost for maria choosing to go to the concert is her mother's trust. In other words, she gave up her mother's trust to attend the concert.

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2 years ago

Corporation was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 202

Brrunno [24]

Answer:

Total stochkholders' equity = $266,220

Explanation:

Total stockholders' equity

10,400 x $5.80 = $60,320

19,600 x $9.30 = $182,280

Net income (retained earnigns) = $106,000

Paid cash dividends = -$53,000

Purhcase of treasury stocks = -2,600 x $11.30 = -$29,380

Total stochkholders' equity = $266,220

7 0

2 years ago