Answer:
A housing bubble a sustained but temporary condition of over-valued prices and rampant speculation in housing markets. The U.S. experienced a major housing bubble in the 2000s caused by inflows of money into housing markets, loose lending conditions, and government policy to promote home-ownership.
Output Average Fixed Cost Average Variable Cost 1 $50.00 $100.00 2 25.00 80.00 3 16.67 66.67 4 12.50 65.00 5 10.00 68.00 6 8.37 73.33 7 7.14 80.00 8 6.25 87.50 The marginal cost of the fifth unit of output is:__________ a. $62. b. $78. c. $3. d. $80.
Based on the change in cost as a result of the fifth unit of output, the marginal cost is c. $3.
What is the marginal cost?The marginal cost is cost of producing an additional unit of a good and can be found by the formula:
= Average variable cost when additional good is produced - Previous average variable cost
Solving gives:
= 68 - 65
= $3.00
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Read the following scenario and then answer questions 1.1 to 1.4: Hombill Holdings Pty (Ltd) is an independent organisation providing different services in the corporate sector. Their new communication division is looking for three graduates, who have recently graduated with a national diploma/degree in communication studies. They are looking at a selection process to use for the new inters 1.1 12 Define the concept "selection process" (4) List and briefly describe the different steps that Hornbill Holdings should use when selecting the new graduates (7) 1 HRM1501/2022 Assignment 03 Which Act should organisations take into consideration to adhere to during the selection process? W P 1.3
1. The concept "selection process" can be defined as the process of selecting and shortlisting the right candidates with the required qualifications and experience to fill the work positions in an organization.
2. The different steps that Hornbill Holdings Pty (Ltd) should follow when selecting the new graduates include:
Job DesignPosition DescriptionForming a Selection CommitteeRecruitmentInitial Screening of CandidatesPhone, Video, or other Pre-InterviewsIn-Person InterviewsRecommendation for Hire.3. Since Hornbill Holdings Pty (Ltd) is an Australian-domiciled organization, the Act that organizations should consider during the selection process is The Disability Discrimination Act 1992 (DDA).
This act makes it unlawful for any form of discrimination against persons living with a disability. Another important act worthy of consideration is the Equal Opportunity Act 1984 (WA).
Especially in Western Australia, the Equal Opportunity Act prevents discrimination based on s.x, marital status, pregnancy, or breastfeeding.
Thus, necessary selection processes should always be followed when making employment decisions.
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In your opinion, what are the main challenges that our country is facing? And what are the possible smart solutions recommended?
Answer:
Can you please tell me what country it is
should busisses be banned from selling harmful products to improve the health of the population? Five arguements for your answer
Yes, businesses should be banned from selling harmful products to improve the health of the population and these are because:
It could lead to serious health complications.It could lead to the death of people.It is an unethical practice.It could enncourage addiction.It breaks many safety laws.What are Harmful Practises?This refers to the use of unethical procedures which are injurious and dangerous to people.
Hence, we can categorically state that companies which sell harmful products to their customers should be banned and prosecuted to the full extent of the law if they are found of breaking of any law.
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opportunities and threat in safaricom
Answer:
what do you mean
Explanation:
One of the consequences of increasing the minimum wage has been: ________
a. decreased unemployment for low-skill workers.
b. workers offering to work "off the books" for less than the minimum wage.
c. lower production costs for small businesses.
d. increased employment for high-skill workers.
A consequence of increasing the minimum wage is A. decreased unemployment for low-skill workers.
What is a wage?A wage simply means the payment for the services rendered by an individual on a hourly basis.
In this case, consequence of increasing the minimum wage is a decreased unemployment for low-skill workers.
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The end-of-the-year account balances for Yelton Industries are as follows:
Office supplies $3,000
Raw materials 21,000
Work-in-process 32,000
Finished goods 46,000
Prepaid insurance 7,000
The amount Yelton should report as inventories on the balance sheet is: ____________
a. $78,000.
b. $46,000.
c. $99,000.
d. $104,000.
Answer:
C. $99,000.
Explanation:
In order to calculate the amount that should be reported as inventories, you have to recognize that only raw materials, work-in-process, and finished goods should be included here. By adding all of those, you arrive at the correct answer: $21,000 + $32,000 + $46,000 = $99,000.
All of the following are part of a job analysis except _______. Multiple choice question. the compensation associated with the job the skills and abilities needed to perform the job the specific tasks required of the job the environment in which a job is to be performed
What does not serves as part of a job analysis is the environment in which a job is to be performed
What is meant by job analysis?Job analysis serves as the process of studying a job, it requires a strategy that will help to determine the activities and responsibilities that involve in the job
It is very necessary to determine qualifications necessary for performance of the job.
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Fill in the blanks to explain why it can be bad for a company to have too much labor.
A company can take advantage of_______ , as the_______of the first group of workers will increase, but at a certain point it will decline. At this point, __________ will continue to increase, but marginal product will diminish with each additional worker. Eventually there will be too many workers and not enough _______ to keep them busy, inevitably slowing down production and reducing output.
Answer:
A company can take advantage of THE LAW OF DIMINISHING RETURNS, as the MARGINAL PRODUCT of the first group of workers will increase, but at a certain point it will decline. At this point, TOTAL OUTPUT will continue to increase, but marginal product will diminish with each additional worker. Eventually there will be too many workers and not enough PRODUCTION FACTORS to keep them busy, inevitably slowing down production and reducing output.
Explanation:
I'm not sure about the exact words, but the basic idea should be the same even if you use other words with similar meaning.
This paragraph describes the law of marginal returns. In simple words, if you start with one worker, his/her productivity will generally be low. As you start to add more workers, both total output and productivity increases (due to synergy between workers). But at some point, there are too many workers, and too few resources, e.g. to many chefs inside a kitchen. At that point, since there are too many workers, instead of working well, they will start to complicate each other's performance. This will result in a decline of productivity, even if total output continues to increase.
The correct words to fill the given blanks would be as follows:
The law of Diminishing Returns
Marginal Product
Total Output
Production factors
What is the law of Diminishing Returns?The law of Diminishing Returns states that after the optimum productive ability is reached, the addition of a particular input while others being will influence its efficiency to fall.
This is the cause that the marginal product generated after every additional input would cause a fall after reaching the optimum level.
The reason behind this would be that resources would fall short to keep the inputs engaged all the time.
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Suppose the civilian noninstitutionalized working age population is 35.9 million in Laborland, 4.4 million are working part time, and 13.19 million are working full time. Laborland used the Bureau of Labor Statistics (BLS) definitions for unemployment data. Among those not working, the most recent job search activity for 3.40 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 12.33 million who don\'t have jobs have not looked for work in the past six weeks.
Required:
a. What is Laborland's total labor force?
b. What is Laborland's labor force participation rate?
c. How many people are unemployed in Laborland?
d. What is Laborland's unemployment rate?
Explanation:
1
Total labor force = employed + unemployed
Employed = full time + part time
= 4.4million + 13.19million
= 17.59 million
Unemployed = 3.40 + 1.72
= 5.12
Therefore,
Labour force = 17.59 + 5.12
= 22.71 million
2.
Labour force participation rate = labour force/working age of non-institutional working population
= 22.71/35.9
= 0.6326 x 100
= 63.26%
3.
Unemployed = 3.40 + 1.72
= 5.12 million people
4.
Unemployment rate = number of unemployed person/ labour force
= 5.12/22.71
= 0.2255 x 100
= 22.55%
Below you are given calories and protein of 7 whey protein brands
#
Calories
Protein
1
250
25
2
287
23
3
184
28
4
263
28
5
244
28
6
191
28
7
215
30
For these data (the two variables), compute:
a) The mean, median, first quartile and third quartile.
b) Compute the range, interquartile range, variance, standard deviation and coefficient of variation.
c) Compute the z-score;
d) Compute the variance and correlation between the two variables.
e) Ensure that you comment each obtained result.
Answer:
i actually think its 25
Explanation:
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.
a. Even though I was willing to pay up to $185 for a used laptop, I bought a used laptop for only $175.
b. I sold a watch for $61, even though I was willing to go as low as $55 in order to sell it.
c. Even though I was willing to pay up to $68 for a used textbook and even though the seller was willing to go as low as $64 in order to sell it, we couldn't reach a deal because the government imposed a price floor of $73 on the sale of textbooks.
Answer:
a)Consumer Surplus
b)Producer Surplus
c) Neither
Explanation:
Producer Surplus can be explained as the difference that exist between the actual price the producer or someone given a good /services out at a price received for good/service offered and the price they are willing to sell out the goods/service. That "" surplus"" is at the good side of the producer, which is a benefit for the producer and the producer's welfare.
consumer surplus is the difference that exist between the amount a particular consumer actually got his/her goods/services from seller and the amount he/she is willing to pay for the particular goods/service. It is regarded as the consumer's welfare.
a. Even though I was willing to pay up to $185 for a used laptop, I bought a used laptop for only $175.
(Consumer Surplus)
Here, the amount the consumer is willing to pay is $185 but the price the seller gives out is $175
Consumer Surplus= $185- $175= $10
b. I sold a watch for $61, even though I was willing to go as low as $55 in order to sell it.
.(Producer Surplus)
Here the price the producer willing to sell is $55but sold at $61
Producer Surplus= $61-$55=$6
c. Even though I was willing to pay up to $68 for a used textbook and even though the seller was willing to go as low as $64 in order to sell it, we couldn't reach a deal because the government imposed a price floor of $73 on the sale of textbooks.
(Neither)
This is neither Producer Surplus nor consumer surplus.
Coatney Incorporated has provided the following data for the month of October. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 3,760 $15,870 $ 76,130 $ 95,760 Direct labor 2,400 12,420 59,580 74,400 Manufacturing overhead applied 1,950 6,240 30,810 39,000 Total $ 8,110 $34,530 $166,520 $209,160 Manufacturing overhead for the month was overapplied by $7,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The finished goods inventory at the end of October after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
Answer:
$33,410
Explanation:
The computation of Ending finished goods inventory after allocation of underapplied or overapplied manufacturing overhead is shown below:-
Ending finished goods inventory after allocation of overapplied manufacturing overhead
= (Total of finished goods - (Manufacturing overhead applied of finished goods ÷ Total of Manufacturing overhead applied) × Overapplied amount
= ($34,530 - ($6,240 ÷ $39,000) × $7,000)
= $34,530 - $1,120
= $33,410
The Almer Group announced its decision to merge with Dover Global Solutions. This is an example of a(n):
An example of firm merger is when Almer Group announced its decision to merge with Dover Global Solutions.
What is a firm merger?A firm merger refers to an formal arrangement whereby two or more existing companies unites into one new company.
Therefore, when Almer Group announced its decision to merge with Dover Global Solutions, it is an example of firm merger.
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Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 10,000 euros to buy Microsoft shares for $120 per share; the exchange rate was $0.97 per euro. You sold the stock for $189 per share and converted the dollar proceeds into euro at the exchange rate of $0.88 per euro. First, determine the profit from this investment in euro terms. Second, compute the rate of return on your investment in euro terms. How much of the return is due to the exchange rate movement
a) The profit from the investment is 7,360 euros.
b) The rate of return is 73.6%.
c) The amount of the return due to the exchange rate movement is 1,610 euros.
Data and Calculations:Investment in Microsoft Corporation = 10,000 euros
Price per share = $120
Exchange rate = $0.97 per euro
Number of shares bought = 80.93 shares (10,000 euros x $0.97)$120
Selling price per share = $189
Sales proceeds = $15,277.50 (80.93 x $189)
Sales proceeds in euro = 17,360.80 euros ($15,277.50/$0.88)
a) Profit from the investment = 7,360 euros (17,360.80 - 10,000)
b) Rate of return = 73.6% (7,360/10,000 x 100)
Profit from the investment based on an exchange rate of $0.97 = 15,750 euros ($15,277.50/$0.97)
c) Amount of the return due to the exchange rate movement = 1,610 euros (17,360 - 15,750).
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David purchased a $100,000 participating whole life policy. The annual premium is $2,280. Projected dividends for the first 20 years are $15,624. The cash value after 20 years will be $35,260. If the premiums were invested at 5 percent for 20 years, the premiums would grow to $79,156. If the dividends were accumulated at 5 percent for 20 years, they would grow to be $24,400. The amount to which $1 deposited annually will accumulate in 20 years at 5 percent is $34.719. Based on this information, what is the net payment cost per thousand per year of David's policy over the 20-year period
Answer:
$15.77
Explanation:
Net payment cost index is a term that defines a method of calculating the actual price of an insurance policy to an insured in a situation where death comes up at the expiration of a given duration. Thus, the time value of money is fully considered, and it is calculated as this:
The accumulated premiums - accumulated dividends =
= > $79,156 - $24,400 = $54,756
Hence, $54,756 ÷ 34.719 (accumulated interest rate) = $1,577.11
$1,577.21 ÷ 100 = $15.77
Therefore, the net payment cost is = $15.77
Labuk is a 20-year employee of Whirley Corporation. During his career with Whirley, Labuk has felt uncomfortable with his supervisor, Bob, because of his behavior. On one occasion, Bob told him that foreigners should stop seeking jobs in the United States if they cannot perform. On another occasion, Bob yelled at Labuk and called him an "idiot." Which of the following may be true in this case?
a. Labuk does not have a harassment claim based on national origin because these two incidents, although offensive, do not create a hostile work environment.
b. Labuk does not have a harassment claim based on national origin because the Fair Labor Standards Act (FLSA) allows employers to discriminate in favor of U.S. citizens.
c. Labuk has a harassment claim based on national origin because Title VII of the Civil Rights Act of 1964 provides protection against discrimination based on country of citizenship.
d. Labuk has a harassment claim based on national origin under Title VII of the Civil Rights Act of 1964 because he belongs to a protected racial class.
Answer:
a. Labuk does not have a harassment claim based on national origin because these two incidents, although offensive, do not create a hostile work environment.
Explanation:
In order for Labuk to have a valid harassment claim, his supervisor must have created an offensive and hostile work environment. Apparently, the supervisor's bad attitude is not shared by Labuk's colleagues, at least it doesn't say so in the question.
The supervisor's attitude might not have been appropriate, but two incidents in 20 years is something can happen to anyone and not just Labuk. Imagine how many times an employee might argue or have some type of dispute with a supervisor during 20 years. Labuk should have reported both incidents to a company's manager.
Which of the following is a potential cause of relationship conflict?
a. ambiguities regarding the tasks to be accomplished
b. differences in goals, objectives, and perspectives
c. scarcity of resources to accomplish the group's goals
d. dissimilarities in the composition of the membership of the group
It should be noted that a potential cause of relationship conflict is b. differences in goals, objectives, and perspectives.
What is Relationship conflict?Relationship conflict can be regarded as the disagreement between people.
It is a when people have different perspective of seeing things.
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For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,750. a. How much loss can Sherri deduct in 2021?
Based on the information given the amount of loss that Sherri deduct in 2021 is $3,000.
Short-term loss and long-term lossSince he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).
Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.
Inconclusion the amount of loss that Sherri deduct in 2021 is $3,000.
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What is a dashboard? What are the elements? and how is it useful for
managers?
Answer:
Contains series of information of a personal details
Explanation:
To know their statistics day to day of how things are going on.
Illustrate your understanding of socially responsible practices/alternatives that are required to are required to reduce Shell’s carbon emissions by 45% through having a discussion that includes and highlights specific examples of socially responsible practices/alternatives
Socially responsible practices were required by the Dutch court for Shell to reduce carbon emissions by 45% by 2030. The company has adopted some practices to achieve this end, such as:
Maximize renewable energyPromote the use of natural gasOffset carbon emissionsWhat is the relevance of socio-environmental practices?Environmentally responsible practices help an organization generate value for its stakeholders through corporate governance focused on the development of society and the preservation of natural resources.
Therefore, by adopting responsible practices, companies attract investors and achieve more positioning and competitiveness in the market.
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What is the variance in the number of orders? Product Analysis: Lamb Rack; Portion size = 12oz (EP); yield = 85% Opening Inventory (lbs.) 100 Ending Inventory (lbs.) 110 Purchases (lbs.) 200 # Sold 200 Meal selling price $18.95 Purchase cost (lbs.) $11.00
Answer:
Explanation:
From the information given:
The number of portion size that can be gotten from one pound = 16/12
= 1.33
Given that the yield is 85%, therefore, the actual portions can now be:
= 1.33 × 0.85
= 1.133
However, the average meat used = Purchase + opening inventory - ending inventory
the average meat used = 200 + 100 - 110 = 190
The number of orders from 190 lbs = 1.133 × 190 = 215.27
The number of orders from 190 lbs = 215.27
The real purchases = 200
Thus; variance = 200 - 215.27
variance = -15.27
Thus, approximately 15 orders are found to be lesser.
a. Raw materials purchased on account, $209,000.
b. Raw materials used in production, $191,000 ($152,800 direct materials and $38,200 indirect materials).
c. Accrued direct labor cost of $48,000 and indirect labor cost of $20,000.
d. Depreciation recorded on factory equipment, $106,000.
e. Other manufacturing overhead costs accrued during October, $131,000.
f. The company applies manufacturing overhead cost to production using a predetermined rate of $5 per machine-hour. A total of 76,100 machine-hours were used in October.
g. Jobs costing $515,000 according to their job cost sheets were completed during October and transferred to Finished Goods.
h. Jobs that had cost $451,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 38% above cost.
Required:
1. Prepare journal entries to record the transactions given above.
2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account.
Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $35,000.
Answer:
1. Journal Entries
a.
Debit Raw materials $209,000
Credit Accounts Payable $209,000
To record the purchase of raw materials on account.
b.
Debit Work in Process $152,800
Debit Manufacturing Overhead $38,200
Credit Raw materials $191,000
To record raw materials used in production as direct and indirect materials respectively.
c.
Debit Work in Process $48,000
Debit Manufacturing Overhead $20,000
To record direct and indirect labor costs.
d.
Debit Manufacturing Overhead $106,000
Credit Depreciation Expense-Equipment $106,000
To record depreciation on factory equipment.
e.
Debit Manufacturing Overhead $131,000
Credit Expenses Payable $131,000
To accrue other manufacturing overhead costs.
f.
Debit Work in Process $380,500
Credit Manufacturing Overhead $380,500
To apply manufacturing overhead cost to production.
g.
Debit Finished Goods Inventory $515,000
Credit Work in Process $515,000
To transfer goods to finished goods inventory.
h.
Debit Cost of Goods Sold $451,000
Credit Finished Goods Inventory $451,000
To record the cost of goods sold.
Debit Accounts Receivable $622,380
Credit Sales Revenue $622,380
To record the sale of goods on account at 38% above cost.
2. T-accounts for Manufacturing Overhead and Work in Process
Manufacturing Overhead
Account Title Debit Credit
Raw materials $38,200
Indirect labor cost 20,000
Depreciation-Equip. 106,000
Other costs 131,000
Work in Process $380,500
Ending balance 85,300
Work in Process
Account Title Debit Credit
Beginning Balance $35,000
Raw materials 152,800
Direct labor cost 48,000
Manuf. Overhead 380,500
Finished Goods $515,000
Ending Balance 101,300
Explanation:
Manufacturing overhead applied = 76,100 * $5 = $380,500
Manufacturing overhead overapplied = $85,300
A marketing practice whose goal is to generate traffic from search engines through both paid and unpaid efforts is called : __________
a. search marketing.
b. sentiment marketing.
c. social media marketing.
d. content marketing.
e. digital marketing.
Answer:
ahm... the answer is A and I hope i can help more just focus in your study
Question 1: Describe the meaning of a database and provide 3 reasons why businesses need
to use it?
Putnam Company owns 80 percent of Swaraj Company. The excess of acquisition cost over book value was attributed entirely to previously unrecorded identifiable intangibles. For 2020, Swaraj Company reported net income of $7,000,000 and declared and paid dividends of $2,000,000. Appropriate amortization of the previously unrecorded identifiable intangibles for 2020 is $1,750,000. The following information is available regarding intercompany transactions:
1. During 2020, Swaraj sold land to Putnam at a loss of $300,000. Putnam still holds the land at December 31, 2020.
2. Putnam’s ending inventory at December 31, 2020, included merchandise acquired from Swaraj; the unconfirmed profit on this inventory was $600,000.
3. Putnam’s ending inventory at December 31, 2019, included merchandise acquired from Swaraj; the unconfirmed profit was $350,000.
4. On January 3, 2017, Putnam sold equipment to Swaraj at a gain of $1,000,000; at the time of sale, the remaining life of this equipment was 10 years, straight-line. Swaraj still holds the equipment at December 31, 2020.
Required:
Calculate Putnam Company’s equity in net income for 2020 and the noncontrolling interest in net income for 2020.
Based on the ownership interest of Putnam Company in Swaraj Company, Putnam Company’s equity in net income for 2020 is $4,340,000.
The noncontrolling interest in net income is $1,060,000.
What is Putnam Company's net income from Swaraj Company?= Share of reported income - Share of amortization of identifiable intangibles + Share of loss of land - Share of Unconfirmed Profit on inventory + Share of Confirmed profit on inventory as of 2020 + Gain on equipment sale
= (80% x 7,000,000) - (80% x 1,750,000) + (80% x 300,000) - (80% x 600,000) + (80% x 350,000) + 100,000
= $4,340,000
What is the noncontrolling interest in net income?This can be found as:
= Total net income - Putnam company share
= Reported income - Amortization of identifiable intangibles + Loss of land -Unconfirmed Profit on inventory + Confirmed profit on inventory as of 2020 + Gain on equipment sale - Putnam company share
= 7,000,000 - 1,750,000 + 300,000 - 600,000 + 350,000 + 100,000 - 4,340,000
= $1,060,000
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What is an advantage of renting a place to live?
lower front costs
payments chance from month to month
low down payment
increase equity over time
Answer:
lower front costs
Explanation
Owning a home requires some substantial capital outlay. Due to the high-cost involved upfront, people who cannot raise a lot of money at once opt to rent.
Renting a house requires a lot less money as compared to owning a home. One needs to find a house whose rent obligation is within their means. He or she engages the landlord and sign a tenancy agreement. Once the deposit and rent are paid as agreed with the landlord, they can start living in the house.
P Service Company has budgeted direct labor hours of 100 and direct labor cost per hour of $25 for data analysis personnel and budgeted direct labor hours of 50 and direct labor cost per hour of $30 for staff accountants. JP Service Company's cost of direct labor is
Based on the cost rate for the direct labor of P Service Company, the cost of direct labor would be $2,500.
What is the cost of direct labor?This is the amount that is budgeted to be paid to those that are directly involved in the provision of services by P Service company.
This includes the data analysis personnel only:
= (100 x 25)
= $2,500
In conclusion, the cost of direct labor is $2,500.
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Answer:
4000
Explanation:
direct labor hours 100
direct labor cost per hour data $25
budgeted direct labor hours 50
direct labor cost per hour $30
(100 x 25)+(50 x 30) = 4000
Kate has a very unusual auditing situation. An unusual transaction has created a situation where following GAAP seems problematic. Kate needs advice. Which of the following is true as Kate considers how to handle the situation?
a. Circumstances justifying departure from GAAP do not include new legislation or evolution of a new business form.
b. To depart from GAAP, all Kate need to is describe the departure, its approximate effects, and the reasons why compliance with GAAP would mislead.
c. To depart from GAAP, all Kate need do is demonstrate that following GAAP would mislead investors.
d. To depart from GAAP, Kate need both demonstrate that following GAAP would mislead investors, and describe the departure, its approximate effects, and the reasons why compliance would mislead.
Answer:
b. To depart from GAAP, all Kate needs to do is to describe the departure, its approximate effects, and the reasons why compliance with GAAP would mislead.
Explanation:
The Code of Professional Conduct known as Rule 203 of the AICPA states that "a member should not approve any statements that do not follow Generally Accepted Accounting Principles ( GAAP)." However, it makes one exception. It permits the auditor to issue a statement explaining the reasons for the departure.
HELP PLEASE!!!!!
This industry removes the raw materials from the land and modifies them for human use.
Choose the answer.
Question 20 options:
wholesale
subcontracting
extractive
retail