An income statement is used to determine the period's profit or loss of a company. The income statement is used to determine the financial performance of the firm.
One of a company's financial statements, an income statement, commonly referred to as a profit and loss account, lists the company's income and expenses for a given period of time. It is stated how revenues are converted into net income or net profit.
The balance sheet describes an organization's shareholder equity, liabilities, and assets.
A cash flow statement shows all of the inflows and outflows of cash and cash equivalents for a company. The CFS highlights a company's cash management, particularly how successfully it generates cash.
To know more about Income statements here
https://brainly.com/question/15169974
#SPJ4
which element of the payment step includes selecting a bank?
Task element of the payment step includes selecting a bank.
A financial institution with authorization to grant loans and accept deposits for checking and savings accounts is known as a bank.
Banks come in a variety of forms, such as retail banks, commercial or corporate banks, and investment banks.
In the United States, both the federal government and the individual states regulate banks.Banks come in a variety of forms, such as retail, commercial, and investment banks.
In the majority of nations, the national government or central bank oversees bank regulation.
At least since the 14th century, banks have existed. Offering a secure environment.
To know more about banks here
https://brainly.com/question/25711082
#SPJ4
the idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called: responses optimal-wage theory. optimal-wage theory. efficiency-wage theory. efficiency-wage theory. the insider-outsider model. the insider-outsider model. equilibrium-wage theory
Efficiency-wage theory is that the idea that firms will get the most for their money when they pay wages higher than the equilibrium wage .
Efficiency wages are a level of pay given to employees over the minimum wage in labour economics in order to keep a competent and productive workforce. According to the efficiency wage hypothesis, an employer must offer employees a wage that is comparable with the market in order to keep highly trained individuals and provide them with an incentive to be productive. The "efficiency wage" theory contends that wages, at least in some labour markets, do not develop in a manner consistent with market clearing. According to the efficiency wage principle, it is legitimately "fair pay" to pay your employees more than the market rate for their position. The efficiency wage hypothesis contends that these higher rates promote overall productivity and long-term profitability for the company, which helps to explain why businesses appear to overpay for employees.
For such more questions on Efficiency wage theory:
brainly.com/question/30186026
#SPJ4
What does the Human Relations Movement suggest went wrong at Sears? (4 marks) 4
. Use the four parts of a system to diagnose the company’s decline. Provide support for your conclusions. (4 marks)
Poor leadership contributed to Sears' collapse.
The term "human relations movement" describes organizational development scholars who examine group dynamics, notably at work, as well as other related ideas from disciplines like industrial and organizational psychology. It dates back to the Hawthorne studies of the 1930s, which looked at how social interactions, motivation, and worker satisfaction affected the output of factories. Human relations management was established as a result of the movement, which saw workers as individuals with unique psychology and corporate fit rather than as interchangeable pieces.
Learn more about social interactions here:
https://brainly.com/question/29065403
#SPJ4
why is internal data considered more reliable and easier to collect than external data?
Internal data is data collected within an organization. On the other hand, external data is data collected from sources outside the organization. Internal data is considered more reliable and easier to collect than external data for several reasons.
Firstly, internal data is often more accurate as it is collected directly from the source, such as employees or customers. This eliminates the possibility of errors or inaccuracies in the data that can occur when using external sources.
Furthermore, internal data can be easily updated and maintained, ensuring that it is always up-to-date. This is in contrast to external data, which can be outdated or incorrect, as the data sources may not be updated regularly.
To read more about data, visit-
https://brainly.com/question/26645821
#SPJ11
in making adjusting entries at the end of its accounting period, chao consulting mistakenly forgot to record: $3,200 of insurance coverage that had expired (this $3,200 cost had been initially debited to the prepaid insurance account). $2,000 of accrued salaries expense. as a result of these two oversights, the financial statements for the reporting period will:
An expense is an item that requires the outflow of money, or usually property, to another person or group in payment for an item, service, or other type of expense Costs.
The required details for expense in given paragraph
Insurance cost not shown
$3,700
Salary cost not shown
$2,250
Completely an understatement
$5,950
For a tenant, rent is an expense. For students or parents, teaching is an expense. Buying groceries, clothes, furniture or a car is often considered an expense. An expense is an expense that is "paid" or "forgiven," usually in exchange for something of value. What looks expensive is "expensive". What looks cheap is "cheap". "Dinner expenses" are expenses for meals, drinks, parties, etc. In accounting, an expense is any specified outflow of cash or other valuables from one person or entity, business to another person or entity. This output is usually one side of a transaction for goods or services that have present or future value to the buyer that is equal to or greater than that to the seller.
Technically, an expense is an event where interest is reduced, exhausted, or a liability arises. From an accounting perspective, expenses reduce equity.
To know about expense click here
https://brainly.com/question/26635450
#SPJ4
after graduating from one of the highest-ranked business schools in the world, alfred was hired as a divisional marketing manager at a computer hardware company. his job profile included planning the marketing activities for the next fiscal year, allocating funds, and overlooking the performance of marketing representatives. in the given scenario, alfred was most likely hired as a .
In the given scenario, Alfred was most likely hired as a middle manager.
'Team leading' line managers and/or'specialist' line managers are the responsibilities of middle management, which is the intermediate management level of a hierarchical organization beneath executive management. The performance and output of junior staff members are indirectly the responsibility of middle management (through line management).
Middle management is regarded as a senior (or semi-executive) position in contrast to line management because middle managers have the authority to speak and act on behalf of the organization to line managers, junior employees, and customers. Division, plant, and department managers are included in this level of management.
To learn more about middle managers: https://brainly.com/question/14663281
#SPJ4
the manager of several related departments brings the team together to inform them that they will all be cross training to other units for the purpose of increasing productivity. what form of leadership does this manager demonstrate?
The form of the leadership demonstrated by the manager is Transactional.
What is Transactional leadership?Transactional leadership, also known as transactional management, is a leadership style that concentrates on supervision, organization, and performance; it is an essential component of the Full Range Leadership Model.
The manager of multiple connected departments gathers the team to advise them that they would all be cross trained in other units to increase efficiency.
Therefore, Transactional form of management emerged as a source of strategic advantage during the Industrial Revolution.
Learn more about leadership here:
https://brainly.com/question/29452698
#SPJ1
check kiting is when a person with access to customer payments and accounts receivable records steals a customer’s payment.
The maximisation of shareholder wealth is the aim of financial management. This includes the stock price for publicly traded corporations, as well as the market value of something like the owners' equity for privately held businesses.
Customers' payments are being intercepted and taken by a worker who also is scraping receivables. What distinguishes skimming fraud from cash larceny because it is carried out before the payment reaches the business' accounting system.
Any money your owing your clients for products or services they previously purchased from you was referred to as accounts receivable. Following a few weeks, these money is normally collected and added to the balance sheet of your business as an asset. In accrual-based accounting, you make use out of accounts receivable.
To know more about businesses
https://brainly.com/question/29896340
#SPJ4
when a ride-hailing service determines that some consumers use its app for getting home from parties while others use it for commuting to work, it is most likely assessing the
A ride-hailing services assessing the customer core value using its app through the objectives of the customer's order.
Customer core value is the first level of product identification. Product identification consisted of 3 levels, such as:
Core customer valueActual productAugmented productCustomer core value determines how a product is worth to a customer. Customer value is important for a company to enhance its value to improve the customer experiences and increase satisfaction. Customer core value provides information about the core problem a customer tries to solve.
Customer core value can be optimized through some steps, such as:
Asking a small set of question to customerrs to track the customer core values. Determine customer benefits and customer costs using quantitative questions to get a sense of perceived value experienced by customers.Determine if the benefits outweight the costs.Learn more about Customer Core Value here: brainly.com/question/30117927
#SPJ4
according to the marshall-lerner condition, a currency depreciation will best lead to an improvement on the home country's trade balance when the
This is in reference to the idea that a country's currency devaluation will only result in an improvement in its trade balance with the rest of the world if the total of its exports' and imports' price elasticities is larger than one.
After English economist Alfred Marshall (1842-1924) and economist Abba Lerner, who was born in Romania, the Marshall-Lerner condition states that a currency devaluation will only result in an improvement in the balance of payments if the total balance demand elasticity for imports and elasticities is greater than one. If the total price elasticity of demand for imports and exports is higher than 1, the condition states that the current account will improve following a depreciation.
To learn more about elasticities, click here.
https://brainly.com/question/28790459
#SPJ4
jm case inc. has a market value of $5 million with 500,000 shares outstanding. the book value of its equity is $1,750,000. if the company repurchases 20 percent of its shares in the stock market, what will be the book value of equity if all else remains the same?
In stock market, $87,500 will be book value of the equity if all else remains the same.
What is book value?The balance in an asset's balance sheet account, as used in accounting, represents the asset's book value. Depreciation, amortization, and impairment costs are subtracted from the asset's original cost to arrive at its value. However, depending on the technique used to determine book value, the inclusion of goodwill, intangible assets, or both may change. Never is the value of a company's employees, who make up a portion of its intellectual capital, taken into account. When goodwill and intangible assets are specifically excluded, the statistic is occasionally represented as tangible book value. Buildings, land, and equipment are valued according to their acquisition cost, which takes into account both the true cash cost of the item and any additional expenses.
Book value= 1750000/20= $87500
To learn more about book value, visit:
https://brainly.com/question/29890763
#SPJ4
what is the difference between equilibrium pricing and arbitrage pricing principles? fin 6360
The arbitrage pricing contains fewer assumptions than the CAPM but may be more difficult to implement. The equilibrium price is the only one where the consumer and production plans concur.
Prices become stable when market supply and demand are in equilibrium. Equilibrium pricingis the term for this. In general, a shortage or undersupply raises prices, which decreases demand, whereas an excess of goods or services results in reduced pricing, which promotes demand. Since there are more goods and services accessible when this happens, the costs of these items often decrease. Demand for these products and services consequently increases.
To learn more about equilibrium pricing refer here:
https://brainly.com/question/28527601
#SPJ4
what is the difference between an ipo (initial public offering) and an seo (seasoned equity offering)?
When a privately held company decides to raise revenue, IPO will offer ownership shares of stock or debt securities to the public for the first time. A seasoned equity offering occurs when a previously listed company releases additional shares or debt instruments.
What is an IPO?An initial public offering (IPO) is the procedure of releasing new shares of stock to the general public for the first time in a private corporation. A company can obtain equity funding from the general public through an IPO.
Since there is typically a share premium for current private investors, the transition from a private to a public company can be a crucial time for private investors to fully realise gains from their investment. Additionally, it enables public investors to take part in the offering.
The company has expanded with a relatively small number of shareholders as a pre-IPO private company, including early investors like the founders, family, and friends as well as qualified investors like venture capitalists or angel investors.
Learn more about IPO
https://brainly.com/question/14299897
#SPJ4
on occasion, a firm will respond to a competitor's move by retaliating. for example, linde gas (an american firm producing industrial gasses) entered the french market when air liquide (a french company in the same industry) decided to enter the u.s. market. such a move is considered a
Linde Gas responded to Air Liquide's move by taking similar action and entering the French market, a form of retaliation.
Completing:
Linde gas (an American firm producing industrial gasses) entered the French market when air liquids (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a: retaliation.Retaliation in Business: Linde Gas vs. Air LiquideLinde Gas responded to Air Liquide's move by entering the French market. This move was intended to counter Air Liquide's invasion of the US market, and was a form of retaliation. This strategy is often used in business and is intended to discourage competitors from taking similar actions in the future. It can be a powerful and effective tool to ensure that markets remain competitive and that firms can protect their markets from unwanted competition.
Learn more about Business: https://brainly.com/question/28080142
#SPJ4
how much was paciano's remittance?
The Pacino's remittance is P 1,000. Remittances are normally moves starting with one individual then onto the next individual or family. They are focused on to explicit requirements of the beneficiaries and consequently will generally decrease neediness.
A remittance is cash that is sent starting with one party then onto the next. As a general rule, installment of a receipt or a bill can be known as a settlement. Notwithstanding, the term is most frequently utilized these days to depict an amount of cash sent by somebody working to another country to their family back home.
The term is gotten from the word dispatch, and that means to send back.
Settlements can be cash sent as installment for a bill. Be that as it may, most settlements include sending cash to family members. They are much of the time sent by unfamiliar specialists to relatives in their nations of origin.
The most widely recognized approach to making a settlement is by utilizing an electronic installment framework through a bank or an electronic cash move administration like Western Association. Individuals who utilize these choices are by and large charged an expense. Moves can require just ten minutes to arrive at the beneficiary.
Know more about remittance - https://brainly.com/question/28719766
#SPJ4
Rupert Corporation issued $100,000 of 20 year, 6% bonds at 98 on one of its semi-annual interest dates. Straight line method of amortization is to be used.
1. How much interest expense is recorded on the next interest date?
After seven years, what is the carrying value of the bonds?
What is the total interest cost (expense) of the bonds?
The right response is a) If the bonds were issued at a discount, their carrying amount will rise annually.
An IOU-like borrowing asset called a bond. In order to obtain funds from investors ready to extend loans to them for a specific period of time, creditors purchase bonds. When you purchase bonds, you are effectively lending money to the issuer, which could be a municipality, a firm, or any of these. When they need to raise money, governments and businesses both issue bonds. By purchasing bonds, customers essentially lend money to the publisher. In exchange, they promise to repay your loan in full on a certain day and to pay interest on time—twice a year. The right response is a) If the bonds were issued at a discount, their carrying amount will rise annually.
Learn more about A bond here:
https://brainly.com/question/29996838
#SPJ4
when a reduced-paid up nonforfeiture option is chosen, what happens to the face amount of the policy?
When a reduced-paid up nonforfeiture option is chosen, a) It is reduced to the amount of what the cash value would buy as a single premium.
In economic, Nonforfeiture Reduced Paid-Up Benefit generally can be defined as a life insurance policy nonforfeiture benefit option to use the cash surrender value of the policy to purchase a fully paid-up life permanent insurance policy for a lesser amount of coverage. The original policy's cash value is used as single premium to the original policy's cash value is used as single premium to, In a reduced paid-up policy,
Here you can learn more about Nonforfeiture Reduced https://brainly.com/question/24279751
#SPJ4
from the 1920s to the 1970s, about 1 out of 1,000 americans was in prison at any point in time. due largely to changes in drug laws and drug enforcement, that rate has now
From the 1920s to the 1970s, about 1 out of 1,000 Americans was in prison at any point in time. due largely to changes in drug laws and drug enforcement, that rate has now increased to 5 per 1,000.
Prohibiting the recreational use of certain intoxicating substances through sumptuary laws or religious law is a typical method of seeking to restrict their usage. While the possession of some drugs is unlawful, many countries control the manufacturing, distribution, marketing, sale, and use of specific pharmaceuticals, for example, through a prescription system.
Only a few narcotics are outright prohibited, with a "blanket prohibition" on all possession or usage. Psychoactive medications are among the most often prohibited substances, while some steroids and other pharmaceuticals are also prohibited. Many nations do not penalise the possession of a small amount of certain drugs for personal use while outlawing its sale, production, or large-scale possession.
Learn more about Substances here:
https://brainly.com/question/24647756
#SPJ4
why is integration so important in financial planning?
Any business that wants to grow and succeed needs to have a strong financial plan. Entrepreneurs must be skilled at handling their finances if they want to expand their businesses.
A financial plan includes your current financial condition, your financial goals, and any preparations you have made to achieve those goals. Information about your cash flow, savings, debt, investments, insurance, and any other financial aspects of your life should be included in an effective financial plan. A financial plan, by definition, is a detailed analysis of a person's current financial state and predicted future financial status that projects future income, asset values, and withdrawal schedules using currently available information. A list of steps or specific goals for future spending and saving are occasionally included, along with a budget that organizes a person's finances. This plan allocates future income among various expense categories, such as rent or utility payments.
Learn more about A financial plan here:
https://brainly.com/question/30105412
#SPJ4
which of the following is true? the statement of cash flows should be prepared first because it determines the sources of cash. that information is then used in preparing the income statement. net income from the income statement flows into the retained earnings statement. the ending retained earnings balance then flows into the balance sheet. the balance sheet should be prepared first to ensure that the accounts are in balance and that debits equal credits. financial statements can be prepared in any order.
Option (c), The retained earnings statement receives net income from the income statement. The remainder of ending retained earnings is subsequently transferred to the balance sheet.
What is meant by "ending retained profits" in the statement of retained earnings?The retained earnings balance at the conclusion of an accounting period is computed by adding the retained earnings at the beginning of the period with the net income realized during the period and deducting the dividends paid to shareholders during the period.
What precise information is contained in the statement of retained earnings?The statement of retained earnings shows how the retained earnings of your company changed throughout the course of the accounting periods, either increasing or decreasing. If your retained profits account is positive, you have money on hand to spend on new assets or equipment. Additionally, you might manageableize a portion of your corporate debt.
Learn more about retained earnings balance: https://brainly.com/question/28580073
#SPJ1
zero corp. suffered a material loss on an uncollectible trade account receivable after a customer suddenly went out of business due to a natural disaster ten days after zero's balance sheet date, but one month before the issuance of the financial statements. under these circumstances, the financial statements:
Events call for disclosure in the footnotes but not a change to the financial statements.
The financial situation of a company at a specific point in time is stated on a balance sheet. Therefore, in this case, if the balance sheet has already been made and bankruptcy happened unexpectedly due to a natural disaster 10 days from the date of Zero's balance sheet but one month before the release of the financial statements and the auditor's report.
As a result, the occurrence must be disclosed as occurring after the balance sheet date. As a result of the event's subsequent nature, the balance sheet report is unaffected. The only exception is in cases where a later event adds to the evidence of the financial situation at the balance sheet date. Since this is not the situation.
Learn more about balance sheet
https://brainly.com/question/26323001
#SPJ4
The town of Willbegon has a labor force of 32,068,of whom 31,652are employed. The remaining 17,194 people in the town are not in the labor force.
Based on these numbers, calculate Willbegon's employment ratio (in decimals, to three decimal places): 0.643
Calculate Willbegon's labor force participation rate (indecimals, to three decimal places): 0.651
Calculate Willbegon's unemployment rate (in decimals, to three decimal places): 0.013
Over the course of the year, 0.01 of the employed become unemployed, while 0.21 of the unemployed become employed; 0.02 of the employed leave the labor force, while 0.02 of those not in the labor force become employed; and 0.15 of the unemployed leave the labor force, while 0.03 of those not in the labor force become unemployed. The population of Willbegon remains unchanged.
At the end of the year, Willbegon's new employment ratio(in decimals, to three decimal places) is: 0.632
Willbegon's new labor force participation rate (indecimals, to three decimal places)is: ??????
Willbegon's new unemployment rate (in decimals, to three decimal places): ??????
The percentage of the labor force that is jobless is represented by the unemployment rate.
Given that each town's labor force is 1200, 200 people in Sawyer are unemployed. Thatcher's unemployment rate was 1200 for two months and 0 for ten. A) Sawyer's annual average unemployment rate is equal to 200/1200 = 16.66% of the labor force is unemployed. Thatcher's annual average unemployment rate was 16.66% (unemployed per month/labor force). B) Sawyer's average jobless rate is 12 months (as every month some of the people are unemployed always) Thatcher's average unemployment period was two weeks (as only for 2 months the entire labor force is unemployed always). The percentage of the economically active population that is unemployed in an economy is measured by the unemployment rate. In other words, it is a link between the economically active population and the jobless.
Learn more about Labor force here:
https://brainly.com/question/10937976
#SPJ4
laura is a shoplifter who steals items of small monetary value for her own personal gratification. she is a(n) .
Laura is a shoplifter who steals items of small monetary value for her own personal gratification. She is a criminal.
Stealing is illegal and prohibited by law. Shoplifting, specifically, involves taking items from a store without paying for them and is a type of theft. Regardless of the monetary value of the items stolen, the act of theft is still a violation of the law.
By stealing for personal gratification, Laura is engaging in criminal behavior that can have serious consequences if she is caught and prosecuted. The consequences may include fines, imprisonment, or a criminal record, which can have long-lasting impacts on her future prospects and opportunities.
For more questions like Shoplifting click the link below:
https://brainly.com/question/29976618
#SPJ4
Suppose you purchase a 30-year Treasury bond with a 5% annual coupon, initially trading at par. In 10 years' time, the bond's yield to maturity has risen to 7% (EAR). (Assume $100 face value bond.) a. If you sell the bond now, what internal rate of return will you have earned on your investment in the bond? b. If instead you hold the bond to maturity, what internal rate of return will you earn on your initial investment in the bond? c. Is comparing the IRRs in (a) versus (b) a useful way to evaluate the decision to sell the bond? Explain. a. If you sell the bond now, what internal rate of return will you have earned on your investment in the bond? The IRR of the bond is __%. (Round to two decimal places.)
The Internal rate of return is calculated as 3.16582683734338% and the final IRR is 5.0000%.
a.
=RATE(10,5%*100,-100,PV(7%,20,-5%*100,-100))
=3.16582683734338%
b.
=RATE(10,5%*100,-100,100)
=5.0000%
c.
No because the market rates might have fallen now and secondly the part b IRR is assuming reinvestment at 5% but that might not be possible.
The internal rate of return( IRR) is a metric used in fiscal analysis to estimate the profitability of implicit investments. IRR is a reduction rate that makes the net present value( NPV) of all cash flows equal to zero in a blinked cash inflow analysis.
IRR computations calculate on the same formula as NPV does. Keep in mind that IRR isn't the factual bone value of the design. It's the periodic return that makes the NPV equal to zero.
Learn more about internal rate of returns here:
https://brainly.com/question/28320411
#SPJ12
The most recent presidential budget that was presented to Congress with a planned surplus was presented by which President?
A. Reagan
B. Nixon
C. Clinton
D. George W. Bush
During his administration, which spanned from 1993 to 2001, Bill Clinton submitted the most current budget before Congress with a projected surplus.The answer is C) Clinton.
Tax hikes and expenditure reductions worked together to lower the federal budget deficit and produce a balance in the late 1990s, which led to Clinton's budget surplus. Since that time, no president has submitted a budget to Parliament with a projected surplus. Clinton is the proper response.Bill Clinton presented the most recent budget to Congress with a planned surplus during his presidency, which ran from 1993 to 2001. Clinton's budget surplus was the result of a combination of tax increases and spending cuts, which helped to reduce the federal deficit and resulted in a surplus in the late 1990s. Since then, there have been no presidential budgets presented to Congress with a planned surplus.
To learn more about presidential budget here:
https://brainly.com/question/876288
#SPJ4
Answer: the answer is c
Explanation: It is the right answer so just take it or dont
For the given cash flows, suppose the firm uses the NPV decision rule. Year Cash Flow 0 157,300 1 74,000 3 87,000 4 46,000 a. At a required return of 9 percent, what is the NPV of the project? 19336.51 (Do not round intermediate calculations and round your answer to 2 decim e.g., 32.16; leave off the $ sign.) b. At a required return of 21 percent, what is the NPV of the project? -10755.00 (A negative answer should be indicated by a minus sign. Do not round inter calculations and round your answer tot he nearest dollar, e.g., 32; leave off
Net present value (NPV) is used to decide whether a project is worth pursuing or not.
It is the difference between the present value of the cash inflows of the project and the present value of the cash outflows of the project. It is calculated by subtracting the initial investment from the sum of the discounted cash flows. If the NPV is positive, then the project is a viable option and should be taken into consideration. On the other hand, if the NPV is negative, then the project should not be pursued.
For the given cash flows, the NPV can be calculated using the required rate of return. At a required return of 9%, the NPV is 19336.51, which indicates that the project should be pursued. However, at a required return of 21%, the NPV is -10755.00, which suggests that the project should not be pursued.
Learn more about Net present value here:
https://brainly.com/question/29669538
#SPJ4
economists would say that the decisions we make are influenced by group of answer choices societal demands. output costs. potential revenue trade-offs.
Economists would say that the decisions we make are influenced by societal demands. Hence, option A is correct.
What does an economist do?The production and distribution of resources, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns.
Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, Friedrich Hayek, and Milton Friedman are some of the most well-known economists, among many others who have achieved fame.
An economist is someone who researches human decision-making processes and is enthusiastic about using statistics to increase revenue, improve governmental policies, or conduct research.
Thus, option A is correct.
For more information about Economists, click here
https://brainly.com/question/24262274
#SPJ1
It’s trade offs
I got it right
how can social trends affect a pharmacy business?
Answer: Social trends can help businesses grow if business owners will allow it to.
Explanation:
For which of the following types of organizations does the CPA Canada Handbook not provide specific accounting standards?
A) Not-for-profit organizations. B) Publicly accountable enterprises.
C) Private enterprises. D) Proprietorships.
The CPA Canada Handbook provides a comprehensive set of accounting standards that guide organizations in preparing their financial statements. However, not all types of organizations are subject to the same set of standards.
Here's a breakdown of the types of organizations for which the CPA Canada Handbook does not provide specific accounting standards:A) Not-for-profit organizations - The Handbook provides guidance on accounting for not-for-profit organizations, but these organizations are not subject to the same level of standardization as other types of organizations. This is because the financial statements of not-for-profit organizations serve a different purpose than those of for-profit organizations.
C) Private enterprises - The Handbook does not provide specific accounting standards for private enterprises, as these organizations typically have a smaller number of stakeholders and are not subject to the same level of public accountability as publicly accountable enterprises.
D) Proprietorships - The Handbook does not provide specific accounting standards for proprietorships, as these are typically small, unincorporated businesses owned and operated by a single individual. Proprietorships are not considered separate legal entities from their owners, so their financial statements are not subject to the same level of standardization as other types of organizations.
To learn more about organizations here:
https://brainly.com/question/19334871#
#SPJ11
how can the activity rates (i.e., cost per activity) for the various activities be used to target process improvement yet unacceptable for external reports?
Activity rates provide managers with information on the typical cost of resources used to complete a specific task, such as processing purchase orders.
A task with a high average cost could benefit from process enhancements. A more accurate method of determining the costs of goods and services is provided by activity-based costing, which leads to more accurate rates determinations. By making expensive and non-value-adding operations more visible, it improves understanding of overheads and cost drivers and purchase managers to decrease or eliminate them. The amount of overhead and indirect costs associated with a specific activity are determined using the cost driver rate in activity-based costing.
To learn more about rates, click here.
https://brainly.com/question/14731228
#SPJ4
