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2 years ago

It is a gaap standard that ___ copy(ies) of a check be attached to all documents for filing.

Business

2 answers:

Luda [366]2 years ago

7 0

Answer: one

Explanation:

11111nata11111 [884]2 years ago

4 0

GAAP stands for generally accepted accounting principles, it is the accounting standard which is adopted by the U.S. Securities and Exchange Commission, it is also known as US GAAP.

A GAAP standard is that one copy of a check be attached to all documents for filing. GAAP provides the guidelines for financial accounting.

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Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil

defon

Answer:

The overview of the given statement is described in the explanation segment below.

Explanation:

Monopoly Market:

The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).

Perfectly Competitive Market:

The price shall be calculated whenever market forces are equivalent.
The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.

Thus,

⇒ $AR=P =MR$

Hence,

⇒ $P = MR$

6 0

2 years ago

Maddie is the CEO of Stevenson, Ross, and Warner (SRW), a regional accounting firm. SRW offers services in most areas of account

Strike441 [17]

Answer:

Assets = Liabilities + Owners' Equity

Explanation:

The reason is that it is the basic accounting equation that forms the basics of the double entry. It is main equation from which all the Gernally Accepted Accounting Principles and International Accounting Standards had originated. This helps us to understand a big picture of an entity either it is by record keeping, financial statement analysis, uncovering frauds, provision of system of check and balance and many more. This is the reason why the basic accounting equation has immense importance in Sarbanes Oxley Act, Companies Act, etc.

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2 years ago

your friend has $5,000 and asked for your recommendation about placing her money in a financial institution. Based on what you l

s2008m [1.1K]

Explanation:

If my friend wants to invest her $5000 and asks recommendations from me, then the main question i ask from her would be how much risk she is ready to take. There are different investment opportunities depending upon the level of risk a person is willing to take. If my friend would like to go safe and doesn't need any risk in her investment, then i would recommend her to buy Treasury Bills for long term investment. There would be no risk involved. Secondly i may ask her to put her money in the saving account to enjoy interest money while keeping the principal amount safe. Thirdly i may ask her to invest in real estate for long term. Again the risk would be minimal. But if she wants to take risks, i would ask her to invest in the short term stocks and keep an eye on the movement of the stocks to get profit. Secondly i may ask her to invest in the foreign exchange market, in currencies or in commodities to get benefits on the rule of high risk high return.

So these are some recommendations for her on the basis of the risk she wants to take.

4 0

2 years ago

Consider the market for corn. Indicate whether each of the following events will cause a shift in the demand curve or a movement

Salsk061 [2.6K]

Answer:

a) MOVEMENT ALONG THE CURVE

b) MOVEMENT ALONG THE CURVE

c) SHIFT TO THE LEFT

d) MOVEMENT ALONG THE CURVE

Explanation:

There is a MOVEMENT ALONG THE CURVE when there is a variation in the price of the good.

On the other hand, there is a SHIFT when any of the variables other than the price of the good changes (for example: the income of the consumers, the tastes of the consumers, the prices of related goods -substitutes or complementary-, the size of the market). When the curve shifts to the left this indicates a decrease in demand. When it moves to the right it indicates an increase in demand.

a) A drought hits corn-growing regions, cutting the supply of corn. MOVEMENT ALONG THE CURVE. The decrease of the offer will cause an increase in the price, and consequently a decrease in the quantity demanded.

b) The government announces a new subsidy for biofuels made from corn. MOVEMENT ALONG THE CURVE. As a result of the subsidy, the demand for corn by biofuel manufacturers will increase, which will cause an increase in the price of corn, and consequently a decrease in consumer demand.

c) A global recession reduces the incomes of consumers in poor countries, who rely on corn as a staple food (assuming corn is a normal good). A SHIFT TO THE LEFT IN THE DEMAND CURVE. The reduction of income will cause a decrease in demand.

d) A new hybrid variety of corn seed causes a 15 percent increase in the yield of corn per acre. MOVEMENT ALONG THE CURVE. Corn supply increases and consequently the price decreases, which causes an increase in demand.

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2 years ago

If a petty cash fund is established in the amount of $200, and contains $119 in cash and $84 in receipts for disbursements when

Andrej [43]

Answer:

The correct option is C

Explanation:

The journal entry which is to be passed in order to replenished the account is as:

Petty Cash A/c..................................Dr $84

Cash A/c...............................................Cr $81

Cash Over and Short A/c..................Cr $3

In order to replenish the account of petty cash, the account of expense (name of expense is not given, so petty cash account) is debited. Therefore, the petty cash is debited. The cash account is credited and the excess or over (which is $3 that is $200 - [$119 + $84 = $203] ) is replenished by crediting the account.

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2 years ago