Consider the following statements: (i)The format of a limited company's accounts is set by law (ii) The accountancy bodies are able to influence the development of accounting standards (iii) A limited company's accounts only need to comply with the provisions of the Companies Act. Select one: O a. (i) True; (ii) False; and (iii) true O b. (i) False; (ii) False; and (iii) True O c. (i) True; ( (ii) True; and (iii) False O d. (i) False; (ii) True; and (iii) False
Answers
Consider the following statements: (i)The format of a limited company's accounts is set by law (ii) The accountancy bodies are able to influence the development of accounting standards (iii) A limited company's accounts only need to comply with the provisions of the Companies Act.
(i) True; (ii) True; and (iii) False are the correct options among the given alternatives.Option (i) is correct because the format of a limited company's accounts is governed by the law. It must conform to the company and tax laws of the land. In the UK, the Companies Act of 2006 regulates the preparation of financial statements. The Act requires a limited company to file annual financial statements and tax returns with Companies House and HMRC, respectively.
Option (ii) is correct because accounting and auditing bodies are active in the development of accounting and auditing standards. The IASB (International Accounting Standards Board) creates and sets international accounting standards. In the United Kingdom, the Financial Reporting Council (FRC) publishes financial reporting and audit standards. As a result, accounting bodies play a vital role in accounting and auditing standards' growth and development.Option (iii) is False because in addition to complying with the Companies Act, a limited company must comply with other rules and regulations, including accounting standards.
Accounting standards are often imposed by law or by the company itself. Accounting standards are usually created to improve the comparability of financial statements and the transparency of the company's financial performance. Therefore, limited companies' financial statements must comply with both accounting standards and the Companies Act. So, option (i) True; (ii) True; and (iii) False are the correct alternatives.
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Related Questions
after you finish giving a presentation, an audience member asks your team for additional information on your topic. your coworker is answering the question thoroughly, but you notice that the rest of your audience has tuned out. how can you re-engage your audience? select all that apply.
Answers
You might change to a different question or ask a new question of your audience if you notice that they are losing interest.
Describe Presentation.A presentation is how a speaker communicates information to an audience. A presentation's typical goals include informing, persuading, inspiring, motivating, creating goodwill, or presenting a novel concept or service. Speeches, opening statements, lectures, and demonstrations can all be included in presentations. For presentations, preparation, planning, organization, writing, the use of visual aids, stress management, and question-answering are frequently required. Presentations are widely used in tertiary job settings, like when accountants give a corporation's detailed financial report. An interactive presentation has the advantage of capturing more audience attention and encouraging audience engagement, which promotes a sense of community.
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Where would you find the Create Table Dialog Box?
Data tab, Get & Transform Data group
Data tab, Outline Command group
Insert tab, Charts gallery
Insert tab, Tables command group
Answers
Answer:
d
Explanation:
took the test
Answer:
D.
Explanation:
correct on edge
The following selected transactions were completed by Capers Company during October of the current year: Oct. 1 Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30. 3 Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice. 4 Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30. 6 Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4. 13 Paid Hoagie Co. for invoice of October 3. 14 Paid Taco Co. for invoice of October 4, less debit memo of October 6. 19 Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom. 19 Paid freight of $400 on October 19 purchase from Veggie Co. 20 Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30. 30 Paid Caesar Salad Co. for invoice of October 20. 31 Paid UK Imports Co. for invoice of October 1. 31 Paid Veggie Co. for invoice of October 19. The following selected transactions were completed by Capers Company during October of the current year: Oct. 1 Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30. 3 Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice. 4 Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30.
Answers
Answer:
Oct. 1 Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30.
Dr Merchandise inventory 14,448
Cr Accounts payable 14,448
3 Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice.
Dr Merchandise inventory 10,170
Cr Accounts payable 10,170
4 Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30.
Dr Merchandise inventory 13,650
Cr Accounts payable 13,650
6 Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4.
Dr Accounts payable 4,550
Cr Merchandise inventory 4,550
13 Paid Hoagie Co. for invoice of October 3.
Dr Accounts payable 10,170
Cr Cash 9,971
Cr Purchase discounts 199
14 Paid Taco Co. for invoice of October 4, less debit memo of October 6.
Dr Accounts payable 9,100
Cr Cash 8,918
Cr Purchase discounts 182
19 Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom.
Dr Merchandise inventory 27,300
Cr Accounts payable 27,300
19 Paid freight of $400 on October 19 purchase from Veggie Co.
Dr Merchandise inventory 400
Cr Cash 400
20 Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30.
Dr Merchandise inventory 22,000
Cr Accounts payable 22,000
30 Paid Caesar Salad Co. for invoice of October 20.
Dr Accounts payable 22,000
Cr Cash 21,780
Cr Purchase discounts 220
31 Paid UK Imports Co. for invoice of October 1.
Dr Accounts payable 14,448
Cr Cash 14,448
31 Paid Veggie Co. for invoice of October 19.
Dr Accounts payable 27,300
Cr Cash 27,300
Which one of these values can you usually expect from persons of integrity?
Answers
VALUE FROM PEOPLE WITH INTEGRITY:
- Responsibility. People who have integrity take responsibility for their actions no matter what they did.
PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS
Answers
True or false:
Global marketing strategies are essential for 21st century businesses.
Answers
Answer:
true
Explanation:
Its an easier way to get your cash
:)
segmenting people by their feelings about a product category would be an example if which type of segmentation?
Answers
Psychographic segmentation would include dividing the population into groups based on how they feel about a particular product category. People are divided based on their values, attitudes, and interests through psychographic segmentation.
How do demographic and psychographic segmentations differ from one another?Unlike demographic segmentation, which divides potential audiences into groups based on attributes like gender, age, money, etc., psychographic segmentation places more focus on traits like personality and values. To design and place their products and marketing messages for various target groups, market researchers employ psychographic features. In order to develop their marketing plan, marketers conduct market research that includes both demographic and psychographic data. The buyer personas that direct brand positioning, product development, and marketing messaging are given more detail as a result of this knowledge.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
what is the decision making process
Answers
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
There are actually five steps in the process the five steps are:
There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision. Most decision making starts with some sort of problem.
Explanation:
Hope this helps: D
- Lea
Brainliest pleae: P
Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answers
Answer:
It might be D- whic
Assets are 100 and expected to grow by 25%. Liabilities and
owners' equity are 100 and expected to grow by 20%. The plug for
the first pro forma year is a _____
Answers
The plug for the first pro forma year is a $5. In a pro forma statement, the plug for the first pro forma year is a $5.
Pro forma statements are financial projections based on current or expected financial situations. A pro forma statement could be based on any situation like an Income statement, balance sheet, or cash flow statement. The basic formula of a pro forma statement is - Projected = Current x (1 + growth rate)Using the formula of the pro forma statement -Assets are 100 and expected to grow by 25%
Projected Assets = 100 x (1 + 0.25) = $125
Liabilities and owners' equity are 100 and expected to grow by 20%.Projected Liabilities and owners' equity = 100 x (1 + 0.20) = $120
The plug for the first pro forma year is -Projected Assets - Projected Liabilities and owners' equity = $125 - $120 = $5
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Heidi thought she had done everything right to prepare for her math test. She had studied over the last week instead of waiting till the last minute. She got eight hours of sleep, woke up early, and ate a nutritious breakfast. She got to her seat in class early with the materials she would need for the test. However, as the teacher began handing out the test, she panicked.
What could help Heidi reduce her test anxiety?
use flash cards to study for the test
eat something sugary for energy
do visualization and deep breathing
see herself doing poorly on the test
Answers
Answer:
C. do visualization and deep breathing
Explanation:
Edge 2021
Deep breathing and visualization is regarded as a proven method for the purpose of relaxation from the panic situations, and this must be done by Heidi to reduce her anxiety.
What are panic situations?The situations that may bring anxiousness in the regular course of life for a person are regarded as panic situations. This may happen on important occasion in the respective lives of people.
To get relaxed from the anxiety of such situations, like the math test of Heidi in the given example, she must practice deep breaths and visualize whatever her preparations have been for the test.
Hence, option C; Heidi shall practice things like deep breathing and visualization to get out of the anxiety she got in the panic situations of her math test.
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when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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At fixed facilities or on roadways or railways, a clue to the presence of hazardous materials (hazmat) or weapons of mass destruction (wmd) is:________
Answers
At fixed facilities or on roadways or railways, a clue to the presence of hazardous materials (hazmat) or weapons of mass destruction (wmd) is container.
What is a container?Container can be described as the object that is been used to store different content which can range from chemicals to other content which can be hazardous.
Therefore, At fixed facilities or on roadways or railways, a clue to the presence of hazardous materials (hazmat) or weapons of mass destruction (wmd) is container.
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Explain the project planning steps
Answers
Set goals
Prioritize tasks
Create a schedule
Communicate.
what is the difference between a supermarket and a hypermarket
Answers
Super market are big but hypermarket is much bigger and it offers big ticket items such as appliances
what objects are necessary for the formation of shadows ?
Answers
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Explain what the theory of money is in words and mathematicalexpressions, and then relate this proposition to its growth rateversion.
Answers
The idea that money acts as an economy's medium of exchange, monetary unit, and value storage is known as the theory of money. It is a basic idea in economics that clarifies how money works in the contemporary economy. The mathematical formula for the theory of money is M = P x Q.
The theory of money refers to the concept that money serves as a medium of exchange, unit of account, and store of value in an economy. It is a fundamental concept in economics that explains how money functions in a modern economy.
Mathematically, the theory of money can be expressed as M = P x Q, where M is the total money supply, P is the price level, and Q is the quantity of goods and services exchanged.
The growth rate of the money supply is an important component of the theory of money.
An increase in the money supply, without a corresponding increase in the production of goods and services, will lead to inflation. Inflation is the decrease in the purchasing power of money, where the same amount of money can buy fewer goods and services. Therefore, the growth rate of the money supply is directly related to the rate of inflation.
Central banks and monetary authorities must manage the growth rate of the money supply to maintain price stability and prevent inflation from spiraling out of control.
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If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product benefits (WIIFM, or “What’s in it for me?”) would you highlight in your marketing
Answers
The product benefits to be highlighted in the marketing based on demographic characteristics are
beneficial to particular agebeneficial to particular working classbeneficial to particular gender etcWhat is the demographic segmentation?In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.
The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.
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Which of the following is NOT a primary reason for technology?
(A)Get tasks done quicker
(B)Make tasks easier
(C)Get tasks done more efficiently
(D)Make tasks more difficult
Answers
Answer:
D
Explanation:
technology was made so that we would do things more efficiently and with less effort, if the device that were created made tasks more difficult, we would have no need for it and it would probably be disreguarded. theres no reason to have technology that makes life more difficult
_____ is an operational requirement of a global information system (gis) that includes accounting and financial data, manufacturing updates, inventory, and so forth
Answers
Consolidated global reporting is an operational requirement of a global information system (gis) that includes accounting and financial data, manufacturing updates, inventory, and so forth.
Reporting is the presentation of news in newspapers, radio and television. ... honest and impartial political reporting. Synonyms: journalism, writing, announcement, news broadcast A financial statement of an economic entity that presents the assets, liabilities, net worth, income, expenses, and cash flows of a controlling company and its controlling company as a single economic entity.
According to International, consolidated financial statements are "group financial statements presenting the assets, liabilities, equity, income, expenses and cash flows of a parent company and its subsidiaries as those of a single economic entity." Accounting Standard No. 27 “Consolidated and Separate Financial Statements” and International Financial Reporting Standard No. 10 “Consolidated Financial Statements”.
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What is an example of pay for performance?
Answers
When teams, personnel, etc. achieve pre-established targets for the evaluation period, non-discretionary bonuses are awarded in accordance with corporate goals and paid for performance
Donate to Performance pay programmes are widely employed in sectors where an employee's activities have a direct financial impact on the company and when the results of such actions are clear. People who work in sales or management consulting, for instance, are usually compensated based on performance since their efforts help the company attract more customers, clients, or sales of its products. Employers can increase productivity and employee engagement by implementing a pay-for-performance compensation scheme. When they meet or exceed the performance standards set by their managers or the company, they are paid extra under this system.
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Fill in the customer satisfaction survey You go to your in-house database, which houses eCompeteUSA's domestic and international sales as well as revenue composition over the past 10 years. You examine this data and apply some statistical analysis in order to help decide where to go next. What should you present at the next meeting to put your investigation on the right path?a. Present the trends in the growth of the U.S. eSports market, because the majority of eCompeteUSA's sales are domestic.b. Present data on eCompeteUSA's current revenue streams, broken down by source with sales trend extrapolations.c. After further consideration, you decide to step back and work on defining the research problem.
Answers
Answer: After further consideration, you decide to step back and work on defining the research problem.
Explanation:
Based on the options given, the answer will be "After further consideration, you decide to step back and work on defining the research problem".
It should be noted that the research problem isn't stated and one doesn't really know what the person wants to do. Do the right thing is to work on the research problem first before doing any other thing.
Explain what a trade war is
Answers
Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.
Explanation:
Give an example of a time where you used Physical Capital to make or create something.
Answers
Answer:
cash is one example of a physical capital
4 On 1 July 20-6 Mumtaz started a business. The following are her transactions for the first two weeks of trading:
Answers
Mumtaz started a commercial enterprise. the following are her transactions for the primary weeks of trading: can do economic transactions thru cellular banking using a smartphone.
Definition of transaction: something transacted specially: a trade or switch of goods, services, or funds digital transactions. b transactions plural: the often posted record of the meeting of a society or affiliation: an act, system, or example of transacting.
Examples of transactions are as follows: Paying a provider for offerings rendered or items added. Paying a seller with coins and notice so that you can attain ownership of belongings previously owned by means of the seller. Paying an employee for hours worked.
In accounting, a transaction in any financial commercial enterprise event impacts a commercial enterprise's monetary statements. because transactions include any occasion that has an economic effect on your monetary data, there are a whole lot of items that are transactions.
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The strategy-making, strategy-executing process
A. is usually delegated to members of a company's board of directors so as not to infringe on the time of busy executives.
B. includes establishing a company's mission, developing a business model aimed at making the company an industry leader, and crafting a strategy to implement and execute the business model.
C. embraces the tasks of developing a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy, and then monitoring developments and initiating corrective adjustments in light of experience, changing conditions, and new opportunities.
D. is principally concerned with sizing up an organization's internal and external situation, so as to be prepared for the challenge of developing a sound business model.
E. is primarily the responsibility of top executives and the board of directors; very few managers below this level are involved.
Answers
The strategy-making, strategy-executing process embraces the tasks of developing a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy, and then monitoring developments and initiating corrective adjustments in light of experience, changing conditions, and new opportunities. (Answer C)
This process involves the comprehensive set of activities and decisions undertaken by an organization to formulate and implement its strategies. It begins with establishing a strategic vision that outlines the desired future state of the organization. Objectives are then set to guide the strategic direction. The process continues with crafting a strategy, which involves making choices on how to achieve the objectives and gain a competitive advantage. The selected strategy is implemented and executed throughout the organization.
Monitoring developments and initiating corrective adjustments are crucial to ensure that the strategy remains relevant and effective. This involves continuously evaluating the internal and external factors impacting the organization and making necessary adaptations. The responsibility for the strategy-making and execution process typically lies with top executives and the board of directors, with input and involvement from managers at various levels. It is a collaborative effort that requires alignment and coordination throughout the organization.
Overall, the strategy-making, strategy-executing process is a dynamic and ongoing endeavor that guides the organization's actions and decision-making to achieve its goals and maintain a competitive position in the market.
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What does a single point on the supply curve represent?a. The cost of producing the given quantity of filmb. the amount of profit the producer hopes to receivec. the cost, at the current level of production, of producing one more roll of filmd. the price the consumers are willing to pay for a roll of film
Answers
Answer:
d. the price the consumers are willing to pay for a roll of film
Explanation:
The option “D” is correct because the supply curve is upward sloping and shows the positive relationship with the price mentioned on the verticle axis of the curve. This price is the same price that a person pays for the commodity. If the price paid by the person is more, then the supplier will supply more. If the price is lower, then the supplier will supply less. Thus, this shows that price and supply and positively related to each other.
which specific type of commonly used industrial equipment was responsible for nearly 3/4 of the electricity use or demand in a plant?
Answers
Industrial equipment is an essential part of any production process. A commonly used industrial equipment responsible for nearly 3/4 of the electricity use or demand in a plant is an electric motor.
Electric motors are used to convert electrical energy into mechanical motion and are one of the most commonly used industrial equipment. They can be found in a wide variety of industries such as manufacturing, food processing, agriculture, paper production, oil refining, and many others. Electric motors are available in a variety of sizes and types, from small household appliances to large industrial machinery.
Electric motors can be classified based on their power source and the type of energy they use. The most common type of motor is the induction motor, which uses alternating current (AC) electricity to produce rotary motion. This type of motor is found in almost all manufacturing and industrial plants, and is typically the most common source of electricity use or demand. Other types of electric motors include synchronous motors and DC motors, both of which use direct current (DC) electricity.
Electric motors can be used to power a variety of industrial equipment, such as pumps, fans, conveyors, blowers, compressors, and generators. Electric motors are also used to drive machinery, such as saws, grinders, drills, lathes, and more. Electric motors are also used to power electrical appliances, such as refrigerators, dishwashers, and vacuum cleaners.
In summary, electric motors are the most commonly used industrial equipment responsible for nearly 3/4 of the electricity use or demand in a plant. Electric motors are available in a variety of sizes and types, and can be used to power a variety of industrial equipment.
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Julia just graduated college and is beginning her new career. Being concerned about her financial future, she wants to
begin investing now. At her young age, which would be the BEST option for her to start investing in?
Answers
She could start investing early by using mutual funds, which are the greatest alternative.
The right response is B.
Which investment strategy is ideal for a young person?Your idle funds may find safety and liquidity in money market funds, savings accounts, and short-term CDs. Depending on your individual financial circumstances, you should retain a certain amount in these investments, although most financial experts advise keeping at least three to six months' worth of living expenses in these investments.
What are millennials currently investing in?After thoroughly researching the costs and the fund's portfolio, passive young investors should consider investing in ETFs. ETFs that invest in equities and are actively managed expose you to the risk of various business stocks.
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