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Serhud [2]
1 year ago
13

Which of the following is an application of​ conservatism? A. reporting inventory at the lower of cost or market B. using the sa

me depreciation method from period to period C. reporting all relevant information in the financial statements D. reporting only material amounts in the financial statements
Business
1 answer:
Rudiy271 year ago
5 0

Answer:

The correct answer is letter "A": reporting inventory at the lower of cost or market.

Explanation:

Accounting Conservatism is a doctrine that involves the implementation of accounting laws with a high degree of verification. Accountants practicing conservatism must support approaches that are the most favorable in the company's income statement. If the accountant has two choices to choose from when faced with an accounting problem, the one that produces lower numbers should be chosen.

<em>When it comes to inventory valuation, accounting conservatism states that the lower historical or market cost must be selected while recording the information in the company's ledgers.</em>

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Simon lost $4,300 gambling this year on a trip to Las Vegas. In addition, he paid $2,650 to his broker for managing his $265,000
Ostrovityanka [42]

Answer:

Assuming Simon’s AGI is $40,000.

Gambling losses are only deductible to the extent of gambling winnings. Thus,Simon cannot deduct any of the $4,300 gambling losses. The $3,160 transportation expenses are also nondeductible as they are deemed to be personal expenses. The $2,650 broker management fees are deductible as investment fees (miscellaneous itemized deductions subject to the 2% AGI floor), and the $1,030 tax return fees are also deductible as miscellaneous itemized deductions subject to the 2% AGI floor.

Thus, $2,650 + $1,030 – (2% x $40,000 AGI) = $2,880 deduction

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2 years ago
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In China, Starbucks is standardizing its operations while simultaneously decentralizing some decision-making responsibility to l
VashaNatasha [74]

Answer:transnational is the answer

Explanation:have a great day

3 0
2 years ago
Work specialization contributes to higher employee productivity, but at the price of __________. Select one: a. Reduced economie
Yakvenalex [24]

Answer:

The correct answer is letter "D": Reduced job satisfaction.

Explanation:

Work specialization refers to limiting the number of activities to employees so they can focus on determining duties only. This is implemented in an attempt of mastering workers in performing the work they are assigned to do. However, work specialization brings automation which does not allow employees to develop their skills at work and, consequently, leads to reduced job satisfaction.

6 0
2 years ago
Think about the ideal job that you would like to obtain after graduation. Describe this job, the kind of manager you would like
marusya05 [52]

Answer:

Please find the detailed answer as follows:

Explanation:

1. Expectancy is an individual's recognition of the degree to which exertion will bring about a specific degree of execution. Instrumentality is an individual's discernment about the degree to which execution at a specific level will bring about the accomplishment of results. Valence alludes to how alluring every result accessible from an occupation or association is to an individual. High anticipation is the conviction that a significant level of exertion will bring about an elevated level of execution. High instrumentality is the conviction that a significant level of execution will bring about the achievement of wanted results.

High valence is emotional and alludes to inclinations for specific results over others. Managers can impact levels of anticipation, instrumentality, and valence. High anticipation can be empowered by communicating trust in representatives' capacities, holding workers to elevated requirements, and giving representatives self-rule and duty. Chiefs can likewise furnish workers with preparing to guarantee mastery required for the elite. High instrumentality can be urged by connecting execution to results and unmistakably imparting this linkage to all workers. Directors additionally need to figure out which results have high valence for authoritative individuals and ensure that those results are given when individuals perform at a significant level.

2. A referent is somebody to whom the examination is made to decide whether treatment is impartial. A referent could be someone else or a gathering of individuals who are seen to be like themselves. The referent could likewise be an individual from a past activity or one's assumptions regarding what result/input proportions ought to be. Workers feel impartially treated when they feel that their result/input proportion is equivalent to a referent's result/input proportion. Value has to do with reasonableness of results comparative with inputs.

Supervisors can assist representatives with feeling impartially treated by ensuring that the individuals who contribute numerous information sources are remunerated with a bigger number of results than the individuals who contribute fewer data sources. In the event that an individual changes one part of their proportion, the director should ensure that the opposite side of the proportion changes too. In the event that sources of info increment, results should increment. On the off chance that sources of info decline, results should diminish also.

3. An objective is a thing that an individual is attempting to achieve through their endeavors and conduct. The objective setting hypothesis proposes that to bring about high inspiration and execution, objectives must be explicit and troublesome. Objectives are normally quantitative, for example, a measure of product sold, or time expected to complete a venture.

Directors might be altogether answerable for defining objectives, or workers may take an interest in the definition of objectives to guarantee acknowledgment and duty to the objectives. Notwithstanding whether explicit, troublesome objectives are set by administrators, laborers, or both together, they lead to elevated levels of inspiration and execution. Administrators additionally add to the objective setting by giving criticism about how representatives are getting along. This input enables the two administrators and representatives to decide progress and causes them to reconsider objectives when essential.

4. A need is a requirement or necessity for endurance and prosperity. Maslow distinguished five essential sorts of requirements: physiological, wellbeing, belongingness, regard, and self-completion needs. Maslow recommended that individuals contrast in what needs they are attempting to fulfill at work. Herzberg concentrated on two components: helper needs identified with the idea of the work, and cleanliness needs identifying with the physical and mental setting in which the work is performed.

Directors can assist representatives with satisfying their needs at work by figuring out which needs an individual is attempting to fulfill at work. It is the chief's obligation to guarantee that the individual gets results that help to fulfill those necessities when the individual performs at an elevated level and enables the association to accomplish its objectives. By doing these things, directors can persuade workers to perform at a significant level. Directors need to adjust the interests of individual individuals to the interests of the association in general. Likewise, Herzberg's model stresses the differentiation among inherent and extraneous inspiration, which is significant for administrators to consider in structuring and advancing employments.

3 0
2 years ago
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deff fn [24]

Answer: Option (A)

Explanation:

Product Line stretching is referred to as an expanding technique undertaken by the organization under which the new commodities and services are released in the similar product line but further the ongoing product dimension with some of the different or additional features. The product line stretching at times can also tend to be down market or up market.

6 0
2 years ago
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