The accounts should be adjusted and closed are except the asset, contra asset, liability, and owners' equity accounts. So, the answer is all of these choices are correct.
A partnership can be defined as a form of business where two or more people share ownership, as well as the income or losses the business generates and the responsibility for managing the company. Partnership has several characteristic, such as sharing of losses and profits, mutual agency, Lawful business, Unlimited liability, and also Contractual relationship. Partnership also can be defined into 3 main categories, such as general partnership, limited liability partnership, and also limited partnership.
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true or false: the audit team is only required to communicate significant deficiencies and material weaknesses in internal control that come to their attention during the performance of a pcaob audit for an issuer.
It is untrue that the audit team is only required to disclose serious gaps in internal control and significant defects that they discover while conducting a PCAOB audit for an issuer.
Every time an audit team is conducted within a company, an audit team is present. A lead auditor, auditor, trainee auditor, technical expert, observer, guide, and client make up this group. All of these people defects might not be required for an internal audit, but a few people could fill in for some of them.
Despite the fact that there are many different sorts of audits, including internal, second-party, and third-party audits, there will always be defects an audit team to ensure the success of that audit.
The lead auditor has a lot of responsibilities because it is up to him to decide how the audit will end. The lead audit team must have managerial skills and audit process experience, nevertheless.
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The minimum wage in California is higher than required by law and should be reduced to the federal government level. Do you agree with this statement? Why or why not?
Yes, I agree with this statement that the minimum wage in California is higher than required by law and should be reduced to the federal government level.
According to federal law, a minimum wage is the lowest salary an employee may be paid per hour. Nonexempt workers may not be offered a job or agree to work for less than the legally required minimum wage level for hourly compensation.
The state minimum wage rate in California is greater than the federal minimum wage rate, and all employers in California who are subject to both laws are required to pay it unless their employees are exempt under California law.
Government officials at all levels must endeavor to raise the minimum wage in order to combat poverty, provide economic security, and benefit workers. This would disproportionately benefit women and people of color who frequently make the federal minimum wage or less.
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Philotechnia requires every high school graduate to be computer literate because so many workplaces are using different forms of information technologies. How is the aggregate demand–aggregate supply model affected? demonstrate the effect by shifting the appropriate curve or curves.
Long-run aggregate supply (blue line) moves to the right short-run aggregate supply (purple line) moves to the right. This is the effect of shifting the appropriate curve or curves.
Curve refers to rebuffing or ignoring an ought-to-be suitor. The curve is an internet slang time period that describes the exercise of now not being straightforward in rejecting advances. home. youngster Slang Meanings. Curves are breasts, hips, butts thighs, and so on., and their ratio in assessment to waistlines and one-of-a-kind parts of the frame. With this in thoughts, one may be petite and however be taken into consideration curvy. inside the equal manner, one can be the plus duration and additionally be considered curvy.
A curve is a non-forestall and easy-flowing line without any sharp turns. One manner to understand it's far that it bends and changes its path at a minimum once.
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two logistics students, mark and sarah are discussing supply chain logistics activities. mark says that stocking is the process of sourcing and building product inventory to established targets based on customer needs. sarah says that receiving includes the physical receipt of material, identifying and inspecting incoming goods and dispatching items to the correct location. which student - mark or sarah - is correct?
Here Sarah is correct as her example of tuck being a transporter is true in a supply chain.
A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. A supply chain is the network of all the people, businesses, resources, tasks, and technological advancements involved in the production and distribution of a good.
The distribution channel refers to the portion of the supply chain that transports the final good from the supplier to the consumer. A speedier production cycle and cheaper costs are the results of effective supply chain management.
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The study of collective decision making, or the process through which voters, politicians and other interested parties influence nonmarket choices is known as.
Public choice theory is the study of group decision-making, or how voters, legislators, and other interested parties affect nonmarket decisions.
According to the political principle of the separation of powers, legislators must be separate people from the members of the executive and judicial branches. This principle is followed by some political systems, but not all. Even though the judiciary is largely independent, the executive branch of government in the United Kingdom is composed almost entirely of legislators (Parliamentarians) (until reforms in 2005, the Lord Chancellor uniquely was a legislator, a member of the executive - indeed, the Cabinet - and a judge, while until 2009 the Lords of Appeal in Ordinary were both judges and legislators as members of the House of Lords, though by convention they did not vote in the House until retirement).
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jane sends candy to the troops overseas. when jane's income rises by 3 percent, her quantity demanded of candy increases by 5 percent. for jane, the income elasticity of demand for candy is
The income elasticity of demand for candy is 1.67 for Jane if a 3 percent rise in her income increases her quantity demand by 5 percent.
The income elasticity of demand is a term used to describe a measure of the relationship between the consumer's income and the demand for a certain good which in this case is candy.
The income elasticity of demand can be calculated by using the following formula;
income elasticity of demand = percentage change in quantity demand of a product ÷ percentage change in earnings
Substituting the given value in this formula to determine the income elasticity of demand for candy;
income elasticity of demand = 5 ÷ 3
income elasticity of demand = 1.67
Hence, the income elasticity of demand for candy is calculated to be 1.67
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in order to determine cash flows from operating activities, firms may use the method in which net income represents the starting point and then adjustments are made to convert net income to cash flows from operations.
Firms may utilise the approach where net income is the starting point and modifications are made to turn net income into cash flows from operations in order to calculate cash flows from operating activities.
The first line of the cash flow statement is a carryover from the income statement called net income. Net income plus adjustments for non-cash expenses and working capital movements are added to determine net cash flow from operational operations.
The amount of money a firm earns from ongoing, regular business operations, such as the production and sale of items or the provision of services to clients, is known as cash flow from operating activities (CFO). On a company's cash flow statement, it is shown as the first part.
Long-term capital investments and investment income and expense are not included in cash flow from operating activities. Operational cash flow (OCF), also known as net cash from operating activities (NCOA), is the term for the CFO, who primarily concentrates on the core business.
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when a surplus exists for a product, group of answer choices producers increase supply. consumers increase demand. government purchases decrease. producers reduce the level of output and reduce price.
The correct option is producers reduce the level of output and reduce price when a surplus exists for a product.
The quantity of an product or resource that is over the amount that is being actively used is referred to as a surplus. In addition to money, capital, and goods, a surplus can also refer to a wide range of other things. A surplus in the sense of inventories refers to items that are still on store shelves but have not yet been purchased. When money is earned and costs are paid, there is a surplus in a budget. Governments may also have a budget surplus if there are any tax revenues left over after all expenditures for government programmes have been paid in full. Economic surplus comes in two flavours: consumer surplus and production surplus.
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debt financing multiple choice is always a better choice than equity financing because of the tax deductibility of interest expense. is only used by emerging growth companies with no access to equity capital.
Debt financing is always preferred over equity financing because of its tax deductibility in interest expense. Thus, the correct option is (a) ‘ is always a better choice than equity financing because of the tax deductibility of interest expense.
Debt financing refers to a loan taken from lenders such as banks to finance a wider range of business operations. Whereas, equity financing refers to capital secured as an exchange of a percentage of ownership in the business. Companies consider debt financing rather a better option than equity financing. It is because interest rates on debt are deductible expenses for tax purposes that makes debt financing a more cost-effective form of financing.
While the statement given in option (b) i.e 'is only used by emerging growth companies with no access to equity capital' does not pertain to the context of debt financing.
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you are considering adding a new security to your portfolio. to decide whether you should add the security, you need to know the security's: i. expected return ii. standard deviation iii. correlation with your portfolio
If you are considering adding a new security to your portfolio, you should add the expected return, standard deviation and correlation with your portfolio.
What is the purpose of adding different securities in a portfolio?Diversification is mostly used to reduce risk. By spreading your investments over a variety of asset classes, industries, or maturities, you reduce your risk of experiencing market shocks that equally impact all of your investments.
How does it differs from each other?The expected return shows the potential amount of returns that a portfolio may produce, whereas the standard deviation of a portfolio measures how much the returns deviate from the mean. The standard deviation of the portfolio is decreased by securities that have a positive correlation.
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for the year, sealy incorporated reports net sales of $50,000, cost of goods sold of $40,000, and an average inventory balance of $5,000. what is sealy’s inventory turnover ratio?
Sealy’s inventory turnover ratio given its cost of goods sold and average inventory balance is 8.
What is sealy’s inventory turnover ratio?Inventory turnover ratio is a financial ratio that is used to determine the efficiency with which a firm performs its daily task. Inventory turnover ratio is an example of an activity ratio.
Inventory turnover ratio is the ratio of the cost of goods sold and the average inventory balance of a firm. The higher the inventory turnover ratio is, the more efficient the firm is.
Inventory turnover ratio = cost of goods sold / average inventory
$40,000 / $5,000 = 8
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ross corporation paid dividends per share of $1.20 at the end of 1990. at the end of 2000, it paid dividends per share of $3.50. calculate the compound annual growth rate in dividends.
Compound annual growth rate is the rate of return on the investment and is required to know about the growth rate of the investment from the beginning till the maturity of the investment.
In this ques, the compound annual growth rate is 11%. It means that in 10 years the dividend per share has risen by 11%.
Here, it is given that at the end of 1990, the dividend per share was $1.2 and at the end of 2000, the dividend per share was $3.5.
Compound annual growth rate can be calculated as follows:
CAGR = ((EV÷BV)¹/ⁿ - 1) × 100
Here, EV = Ending value
BV = Beginning value
n = no of years
In this ques,
EV= $3.50
BV= $1.20
n = 10 years i.e. from 1990 to 2000
Thus,
CAGR = ((EV÷BV)¹/ⁿ - 1) × 100
= ((3.5÷1.2)¹/¹⁰ - 1) × 100
= ((2.92)¹/¹⁰ - 1) × 100
= (1.11-1) × 100
= 0.11 × 100
= 11%
Thus, the compound annual growth rate is 11%.
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after conducting your end of period physical inventory count, you realize that for several customer orders, the transfer of legal title to the goods in transit was not properly recognized. this situation is an example of an inventory error that will
This situation is an example of an inventory error that will Errors affect both the income statement and balance sheet.
What is inventory error?Any of the following could lead to an inventory error: Leaving out some items when physically counting inventory. During a physical inventory, some objects should be double counted. clerical mistakes when multiplying or adding inventory information.
Inventory mistakes can result in an inaccurate ending inventory balance, which has an impact on the cost of goods sold and profitability.
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An operating cycle is the length of time it takes to convert inventory to accounts receivable plus the time it takes to convert the account receivable back to cash. This statement is.
An operating cycle refers to the length of time required to convert inventory to accounts receivable plus the time required to convert the account receivable back to cash. This statement is true.
In accounting, operating cycle refers to the time it takes an organization to receive inventory, sell the inventory, and receive the cash form the sale of the inventory. This means that the operating cycle is the measurement of how long it takes an organization to convert its inventories into cash. The operating cycles paly a vital role in determing how efficient the business is.
The operating cycle formula is as follows:
operating cycle = inventory time period + accounts receivable time period
Inventory time period is the amount of time inventory is held in storage until sold and calculated as follows:Inventory time period = 365 / inventory turnover
Accounts receivable time period is amount of time to receive cash from selling the inventory and is calculated as follows:Accounts receivable time period = 365 / receivables turnover
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spokesperson for company ex: many residents of the area surrounding the company ex factory send written complaints to the newspapers, blaming the company for polluting the air and water. however, a recent survey shows that 95% of these residents do not comply with recycling laws. company ex, on the other hand, complies with current waste restrictions and is making an immense effort to reduce the effects of its byproduct on the environment. the residents should put more energy into the evaluation of their own waste management than into criticizing that of company ex.
The two parts of the argument offered are those in boldface. The first is factual data used to bolster the argument's position, and the second is a conclusion drawn from that position.
Since the spokesman for firm Ex presents the full argument, it stands to reason that the argument's stance will be pro-Company Ex, which means it will support Company Ex and contend that the opposing citizens are in the wrong.
The material in the first boldface section, which portrays the inhabitants negatively, does in fact support the company's perspective. The second sentence in boldface is an opinion about what the locals ought to do, namely, "mind your own business" and "leave company Ex alone."
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The question was incomplete. Check below the full question.
Spokesperson for Company Ex: Many residents of the area surrounding the Company Ex factory send written complaints to the newspapers, blaming the company for polluting the air and water. However, a recent survey shows that 95% of these residents do not comply with recycling laws. Company Ex, on the other hand, complies with current waste restrictions and is making an immense effort to reduce the effects of its byproduct on the environment. The residents should put more energy into the evaluation of their own waste management than into criticizing that of Company Ex.
In the argument given, the two portions in boldface play which of the following roles?
a.The first is factual information that is used as a evidence in support of argument's position, the second is judgement based on that position.
b. The first is a finding that the argument seeks to explain; the second is that explanation.
c. The first is data that challenges the argument's position, the second is the conclusion based on that position.
d. The first is a prediction that, if true, supports the arguments position, the second is that position.
in its first year of operations, roma company reports the following. earned revenues of $45,000 ($37,000 cash received from customers). incurred expenses of $25,500 ($20,250 cash paid toward them). prepaid $6,750 cash for costs that will not be expensed until next year.
Cash basis is $10,000 and accrual basis is 19,500. As in its first year of operations, roma company reports.
What is meant by company reports?A report that offers detailed information regarding the accomplishments and performance of a company.
Businesses primarily communicate with shareholders and other stakeholders about their operations, financial results, and company strategies through annual reports.
A report is a specific kind of writing that is designed to clearly identify and discuss issues, events, or findings that have actually happened physically, like events within an organization or findings from a research project.
Thus, Cash basis is $10,000 and accrual basis is 19,500.
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The question is missing, the complete question is given below-
Compute the company’s first-year net income under both the cash basis and the accrual basis of accounting.
nk each of the following three gift possibilities in terms of how much utility they are likely to generate (with 1 being the highest and 3 being the lowest):
The rank of the three gift possibilities in terms of how much utility they are likely to bring is:
1) A $15 cash that can be spent anywhere
2) A store-specific gift card worth $15
3) A $15 item from a specific store
Utility is a term used in economics that refers to the total satisfaction received from consuming goods or services. Economic theories based on rational choice usually assume that consumers will seek to maximize their utility. Consumer satisfaction with goods or services is important to understand, because it directly affects demand.
Not only that, prices, goods, or services can also be affected by the level of demand for an item or service. Therefore we can conclude that, the higher the level of utility of a good or service, the more desired the goods or services by consumers.
The level of customer satisfaction is often considered unmeasurable in the practice. It is because some economists believe that they can indirectly estimate what economic goods or services will be used for by using various models.
Rank each of the following three gift possibilities in terms of how much utility they are likely to bring (with 1 being the highest and 3 being the lowest):
Rank the options below.
- A store-specific gift card worth $15
- A $15 cash that can be spent anywhere
- A $15 item from a specific store
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a trip to a disney theme park reveals a careful integration of all service activities to connect with customers at each opportunity, which is an example of which p in services? multiple choice question. physical environment people place promotion
The statement above is the example of services of (C) people. It is because Disney Theme Park give an focusing on service activities to connect with customers.
Service generally can be described as a serve activities whose results are intended for the wishes of others, both individuals and groups and society. By distributing service capacity to customers, it must be useful to increasingly share maximum satisfaction with customers, because in distributing a service it must be done according to the role of the service. The general goal of providing good service capacity is that customers expect satisfaction and will have a positive effect on the company.
Characteristics of Good Service
Good facilities and infrastructure are available.Good employees availableResponsible to every customer from start to finishAble to serve quickly and accuratelyAble to communicateGuarantee the confidentiality of every transactionHave good knowledge and abilityTrying to understand customer needsAble to give trust to customersa trip to a disney theme park reveals a careful integration of all service activities to connect with customers at each opportunity, which is an example of which p in services?
multiple choice question.
A. physical
B. environment
C. people
D. place promotion
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when she traveled to australia on business recently, cori assumed the weather would be the same as her home in new york. she soon found out it was winter in australia.
The bias represented in the above case or scenario is called availability bias. See further explanation below.
What is availability bias?The availability bias is the human inclination to believe that instances that spring to mind quickly are more typical than they actually are. The psychological phenomenon is merely one of several cognitive biases that impair critical thinking and, as a result, the legitimacy of our conclusions.
The availability bias is caused by a cognitive convenience known as the availability heuristic, which is characterized as relying on what we quickly think of to make rapid decisions and judgments. This dependence allows us to avoid time-consuming fact-checking and analysis, but it also raises the risk that our conclusions will be wrong.
Naturally, the most memorable things are the ones that come to mind first. However, there are many factors that affect how well we remember things. For example, we tend to remember things we have observed ourselves rather than things we have only heard about. So, for example, if we personally know that there are several startups and they are all successful, we may overestimate the percentage of successful startups, even if we read contrary statistics.
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Full Question:
When she traveled to Australia on business recently, Cori assumed the weather would be the same as her home in New York. She soon found out it was winter in Australia. Which bias does this represent?
assume the 2021 ending inventory of shea’s shrimp shack was understated by $10,000. how would this error affect the amounts reported for cost of goods sold and gross profit for 2021 and 2022.
Understated ending inventory will result in increase in cost of goes sold 2021 by 10000 therefore the gross profit will be decreased by 10000. Further in 2022 the opening inventory will be understated 10000hence impact of cost of goods sold is COGS 2022 decreased by 10000 and gross profit 2022 increased by 10000
2021 2022
Cost of goods sold 10000 (Increase) -10000 (Decrease)
Gross profit -10000 (Decrease) 10000 (Increase)
Inventory refers to all of the items, items, merchandise, and substances held through a commercial enterprise for promoting withinside the marketplace to earn a profit. Example: If a newspaper dealer makes use of an automobile to supply newspapers to the customers, simplest the newspaper may be taken into consideration inventory.
While there are numerous varieties of inventory, the 4 important ones are uncooked substances and components, paintings in progress, completed items and maintenance, restore and working supplies.
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a production line is to be designed to make 500 el-more dolls per day. each doll requires 11 activities totaling 16 minutes of work. the factory operates 750 minutes per day. what is the required cycle time for this assembly line?
This assembly line must complete one cycle in two minutes. The proper response is c.
The cycle time measures how long it takes to accomplish a single activity, production, service, or process from beginning to end. It is the amount of time needed to create a good or provide a service, or finish a full cycle.
The information shows us the following:
Daily operational time Equals 1000 minutes of production each day.
The daily production target is 500 El-More dolls.
Therefore, we must apply the following formula to get the necessary cycle time for this manufacturing line:
Cycle time is equal to the scheduled output divided by the daily operating time.
Cycle Time = 1000/500, = 2 minutes.
This assembly line must complete one cycle in 2 minutes. (Option C)
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COMPLETE QUESTION:
A production line is to be designed to make 500 El-More dolls per day. Each doll requires 11 activities totaling 16 minutes of work. The factory operates for 1000 minutes per day. What is the required cycle time for this assembly line?
a. one-half minute.
b. one and one-half minutes.
c. two minutes.
d. 5,500 minutes.
explain what a control account is by completing the following sentence. a control account appears in the (general/subsidiary) ledger and is supported by information in a separate (general/subsidiary) ledger.
explain what a control account is by completing the following sentence. a control account appears in the general ledger and is supported by information in a separate subsidiary ledger.
What is control account?
An account in the general ledger whereby a corresponding subsidiary ledger has indeed been created is known as the control account in accounting. The subsidiary ledger enables more thorough tracking of transactions in the control account. Individual transactions are posted to the control account as well as the associated subsidiary ledger, and the accuracy of the trial balance is checked by comparing the sums of the two. The control account again for subsidiary ledger for accounts receivable, for instance, is "accounts receivable". Each credit customer has its own account with their own balance in this subsidiary ledger. Therefore, the accounts receivable subsidiary ledger could indeed report the amount that is owed from each credit customer, whereas the "accounts receivable balance" can only report how much the company is owed.
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how can i start up business affect my pharmacy business? I need help for my business assignment
Answer:
drugs
Explanation:
gives a lot of money
meraleigh, age 16, is claimed as a dependent on her parents' tax return. this year, meraleigh earned $510 from babysitting and $220 interest income from a savings account. compute meraleigh's standard deduction.
Meraleigh is listed as a dependent. Meraleigh made $510 from babysitting this year and received $220 in Interest income from a savings account. The standard deduction for the Meraleigh will be $1,100.
$1,100 or the greater of ($510 earned income plus $350)
Interest income is the compensation given to an entity in exchange for lending it money or allowing another business to utilize it. In a broader sense, interest income is the sum that an investor makes from the money he invests in a project or venture. A very straightforward and standard deduction fundamental method of calculating it is to multiply the principal amount by the applied interest rate, taking into account the number of months or years the money is lent.
Due to the fact that interest income is an income account, it is typically Interest income taxable income and is included on the income statement. Typically, "Income from Operations" and "Other Income" are stated separately in the income statement. The way interest income is standard deduction presented in such a situation will primarily depend on the nature of the business's core operations.
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electronics international has experienced a significant decline in sales for sweettunes, its mp3 player, during the past two years. in response, the company has reduced its advertising and sales expenditures for sweettunes in an attempt to improve short-run profits. which term best describes electronics international's strategy for sweettunes?
The term that describes the best electronics international's strategy for sweet tunes is product harvesting.
A marketing and business plan known as a "harvest strategy" is reducing or stopping investments in a product, product line, or line of business in order for the parties involved to reap—or, harvest—the greatest profits. Towards the end of a product's life cycle, a harvest strategy is often used when it is assessed that additional investment would no longer increase product income.
Products have life cycles, and when a product is getting close to the end of its life cycle, extra investments and marketing efforts are typically not beneficial. When an asset has been paid off and no additional investment is necessary, it enters the stage known as the "cash cow."
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q4) choose the correct answer relating the level of strategy and its purpose. a. business strategy-where to compete b. corporate strategy-where to compete c. corporate strategy-how to compete d. business strategy-how to implement
Corporate strategy - how to compete is between the level of strategy and its purpose. Hence, the correct option is (c) i.e. corporate strategy-how to compete.
There are three levels of strategy corporate, functional, and business level strategy. Corporate strategy is the top-level strategy in the organization. Corporate strategy defines the overall purpose and high-level ideas of the organization and it also defines to move forward to achieve them. An organization's CEO and top management define and create the corporate-level strategy. because this level of strategy defines how to compete.
While the other options are incorrect because:
The business-level strategy is the second level strategy after the corporate-level strategy. The purpose of business strategy is to achieve a specific business objective or goal in the organization. While the functional-level strategy is at the third level in its hierarchy that works at the operating end of an organization. The functional-level strategy is usually decided and implemented by employees in the organization such as marketing, finance, human resource and manufacturing, and many more.
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margie negligently drives her car into nancy who is crossing against the light. nancy sustains damages in the amount of $10,000 and sues margie. the jury determines that margie's negligence contributed 75% to nancy's injury and that nancy's negligence contributed 25% to her injury. under the doctrine of comparative negligence, nancy can recover:
Under the doctrine of comparative negligence, Nancy can recover $7500 if Margie's negligence contributed 75% to Nancy's injury.
According to the doctrine of comparative negligence, the amount of damages of the injury that will be paid by each party will be equal to their negligence in that injury being caused.
As the jury determined that Margie's negligence contributed 75% to Nancy's injury and Nancy's negligence contributed 25%, therefore Nancy can recover the amount that will be paid by Margie.
As Margie contributed 75%, therefore the amount to be paid by Margie out of $10,000 is calculated as follows;
(75/100) × $10,000 = 0.75 × $10,000 = $7500
Therefore Nancy can recover $7500 from the total damage of $10,000
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rewrite the following sentence to reflect your audience's viewpoint. i know i am late with the asset valuation report, but i haven't been feeling well and i just haven't had the energy needed to work through the numbers yet.
I have been doing my best to complete the asset valuation report but lately, I was not feeling well. I will make sure that the report is completed within the stipulated period. I regret the inconvenience caused.
Sender must recognize the inconvenience and inform the reader of what they need to know, according to the You-attitude. The You-attitude ensures that the reader understands that the sender cares and will fix the issue or annoyance. It is important for the reader to understand what inconvenience was created and how the sender intends to fix it.The sender must have the utmost degree of empathy when using the You-attitude. Instead of dictating the conditions, the message should explain what the users may expect. The message shouldn't be blunt and impolite.You-attitude can only request or suggest; it cannot command since, at the end of the day, it gives the reader the impression that they are in charge. Additionally, You-attitude will inform readers of what is in it for them. Therefore, advantages should be included in the phrase.Learn more about Annoyance, here
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business decision primary information source 1. assess control of manufacturing costs 2. evaluate audited financial statements 3. determine whether to automate a production process 4. prepare financial reports according to gaap 5. report financial performance to shareholders 6. plan the manufacturing budget for next quarter 7. estimate product cost for a new line of shoes 8. determine what products to s
Consistency in financial reporting by governments is provided through accounting standards. GASB is the standard-setting authority of generally accepted accounting principles (GAAP) for state and local governments, including school districts.
The Governmental Accounting Requirements Board (GASB) is the supply of usually widespread accounting standards (GAAP) utilized by nation and nearby governments within the u.S. As with a maximum of the entities involved in creating GAAP inside the u.S.A., it is a non-public, non-governmental employer. The GASB is concerned about oversight via the economic Accounting basis (FAF), which selects the members of the GASB and the Financial Accounting Standards Board, and it budgets each agency. Its undertaking is to establish and improve requirements of state and local governmental accounting and financial reporting in order to bring about usage statistics for customers of economic reports and guide and teach the public, consisting of issuers, auditors, and customers of those monetary reviews.
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julia sells exotic birds. she has placed four orders with wholesale bird supplier papagayo co., and all of them have been filled with healthy birds. lately, however, some wholesale competitors have been trying to get her to order from them. but, when it's time to make the next order, she decides she's better off with papagayo because she's pretty sure she'll get healthy birds. (do not assume that you know anything about birds or the bird business.) the premise-analogue in the passage is
According to Julia, all of the birds in the Papago County area seem to be in good condition. Hence her argument is stronger
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What is premise-analog?Generally, For the statement "Julia sells exotic birds. she has placed four orders with wholesale bird supplier Papagayo co., and all of them have been filled with healthy birds. lately, however, some wholesale competitors have been trying to get her to order from them.
But, when it's time to make the next order, she decides she's better off with Papagayo because she's pretty sure she'll get healthy birds. (do not assume that you know anything about birds or the bird business.)" the premise-analog in the passage is Stronger
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