exeter company has a materials standard of 1 pound per unit of output. each pound has a standard price of $26 per pound. during july, exeter paid $66,796 for 2,530 pounds, which it used to produce 2,410 units of product. what is the direct materials price variance?
Answers
The difference between the standard cost and the real cost for the precise quantity of materials purchased is known as the direct material price variation.
Direct material price variation is one of the two elements that make up the direct material total variance, the other being the direct material usage variance. It might also be determined by multiplying: the difference between the usual price and the real per unit cost of direct material, as well as the actual amount of direct material purchased.
The $3,120 adverse direct material quantity variance
Here is how the direct material amount variance was calculated:
Standard pricing = (Standard Quantity - Actual Quantity)
= (2410 units × 1 pound per unit - 2530 pounds) × $26 per pound
= (2410 pounds - 2530 pounds) × $26 per pound
= $3,120 unfavorable
Consequently, the unfavorable direct materials quantity variance is $3120.
Because the real pounds are more than the average one, it is not good.
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Related Questions
Flooding would be devastating to the project; however, it is very unlikely. The project manager is most likely to __________ this risk.
Answers
The answer choice which would best complete the sentence "Flooding would be devastating to the project; however, it is very unlikely. The project manager is most likely to __________ this risk" is:
RetainAccording to the given question, we are asked to state the answer choice which would best complete the given sentence about the effects of flooding to the project and how the project manager would likely handle it.
As a result of this, we can see that even though the flooding would be devastating to the project, the project manager would likely retain the risk and continue with the project.
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magine that businesses in general believe that the economy is likely to head into recession and so they reduce capital purchases. Their reaction would initially shift ction ontier Points out of Flag question Domestic Select one: a aggregate demand right baggregte demand left. c. aggregate supply right. di aggregate supply left.
Answers
In response to the anticipation of an economic recession, businesses reducing capital purchases would initially shift the aggregate demand left.
When businesses believe that the economy is likely to head into a recession, they tend to become more cautious and reduce their capital purchases. Capital purchases refer to investments in long-term assets such as machinery, equipment, and infrastructure. By reducing capital purchases, businesses are essentially cutting back on their investment spending.
The reduction in investment spending by businesses has a direct impact on the aggregate demand (AD) in the economy. Aggregate demand represents the total demand for goods and services in an economy at a given price level. Investment spending is one of the components of aggregate demand. When businesses cut back on capital purchases, it leads to a decrease in investment spending, which in turn reduces aggregate demand. Therefore, in response to businesses reducing capital purchases, the initial effect is a leftward shift in the aggregate demand curve. This shift indicates a decrease in overall demand for goods and services in the economy, reflecting the cautious behavior of businesses in anticipation of an economic downturn.
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what approach to strategic hrm deploys bundles of internally consistent hr practices to improve employee ability, motivation, and opportunities across the entire organization?
Answers
The "High performance work system" is the approach deployed by Human resources manager to improve employee ability, motivation, and opportunities.
Basically, the Human resources manager belongs to the department which is responsible for motivating and ensuring the well-being of employees so that productivity can be achieved at the workplace.
The High performance work system is the type of system that creates an environment which allows the employees to be greatly involved in activities which with greater responsibility.
The HRM deploys the HPWS because its allows the employees to feel and take more responsibility for improving the organization's products, services and processes.
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doi-vickers, m. r. (2005). business ethics and the hr role: past, present, and future. human resource planning, 28(1), 26-33.
Answers
The article titled "Business Ethics and the HR Role: Past, Present, and Future" by Doi-Vickers M.R. (2005) delves into the crucial connection between business ethics and the responsibilities of human resources (HR) within organizations.
Published in Human Resource Planning, volume 28, issue 1, on pages 26-33, this insightful piece offers a comprehensive analysis. It traces the historical evolution of this relationship, explores the contemporary practices in integrating ethics into HR functions, and provides a glimpse into the anticipated future trends. By examining the past, present, and future of business ethics in HR, the article sheds light on the critical role HR plays in fostering ethical behavior and decision-making within organizations.
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Diego is a product assembler for a picture frame manufacturing company. He chooses the sides and glass for each frame, making sure that they fit together properly. What quality might be helpful to Diego in his career?
a.) Diego is friendly and outgoing.
b.) Diego is good at managing other people.
c.) Diego is precise and gives attention to detail.
d.) Diego has excellent math skills.
Answers
“Diego is precise and gives attention to detail.”
This is because Diego’s job is making sure that pieces of glass fit together properly, which requires a person who pays attention to details.
I hope this helped :)
Answer: c
Explanation: I took the test and it was right
is it ethical or unethical to cheat on your taxes? Explain why or why not
Answers
Answer:
it would be unethical to do that because you are breaking the law
Answer:
It would be unethical.
Explanation:
coconutoil2217 is correct, it would be unethical to cheat on your taxes.
Creating contacts with people and professionals who can help you obtain advancement in your career is known as.
Answers
Creating contacts with people and professionals who can help you obtain advancement in your career is known as career networking.
What is Career networking?This can be described as the situation where a person would choose to use professional or personal contacts to help advance their careers, get jobs, learn more about a field and also get jobs.
Networking is a very good way of getting to learn more about a company that a person would love to work in.
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The adjusted trial balance of corporation at december 31 shows that sales revenue for the year was and other revenue was. Cost of goods sold for that same period was , while other expenses totaled. The corporation declared and paid dividends of during the year. The balance of retained earnings before closing entries was
Answers
The record of the entry to close out the revenue accounts will be as debit sales revenue (525,000), debit other revenue (57,000), and Credit Retained (582,000).
Revenue accounts' debit entries cover sales-related allowances, discounts, and refunds. Credits boost the balance while debits lower the net revenue in revenue-type accounts via the returns, discounts, and allowance accounts. ADVANCE KNOWLEDGE.
Debit entries indicate a decline in the revenue accounts in the income statement, whereas credits indicate an increase in the account. The foundation of double-entry accounting is the idea of debits and offsetting credits.
Retention Credit is the sum indicated in the applicable Participant's Retention Agreement that will be credited to the Participant's Retention Account as a "Deferred Compensation Account" (as that term is defined in the applicable Retention Agreement).
Businesses that kept paying staff while closed due to the COVID-19 epidemic or saw severe drops in gross receipts from March 13, 2020, to December 31, 2021, are eligible for the Employee Retention Credit (ERC), a refundable tax credit.
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NOTE: The question given on the portal is incomplete. Here's the complete question:
QUESTION: The adjusted trial balance of Arctic Corporation at December 31 shows that sales revenue for the year was $ 525,000 and other revenue was $ 57,000. Cost of goods sold for that same period was $ 265,000, while other expenses totaled $ 195,000. The corporation declared and paid dividends of $ 10,000 during the year. The balance of retained earnings before closing entries was $ 490,000. Record the entry to close out the revenue accounts.
four descriptive terms describing possible experience a person may have
Answers
1) John has had instructors that have improved her coding skills.
2) Adam has traveled to many different parts of the world.
What do personal competencies entail in a job?Personal skills, often known as interpersonal or people skills, are a category of soft skills that deal with how a person communicates and interacts with others as well as their surroundings. It can be more difficult to master personal skills. Some of them are dependability, flexibility, problem-solving, and communication.
To submit an effective job application, you must be aware of these talents and how demonstrate that you have acquired them. Interpersonal aptitude increases approachability, likeability, and comfort. Strong interpersonal communication abilities are a quality that managers strive for when leading their teams. They give employees the impression that they can approach their managers with any issues or worries, which is crucial.
3) Joseph has worked at Apple for 15 years.
4) Mary is a good leader and has a capacity for teamwork.
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The complete question is:
Create a bulleted list of four descriptive terms describing possible experience a person may have in job or business.
Question content area preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends. true false
Answers
It is a true statement that the preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends.
What is a preferred stockholders?These are the owners of the preferred stock that is treated as a class of stock that granted certain rights that differ from common stocks.
The preferred shareholders have higher priority over a company's income which makes them being are paid dividends before the common shareholders. The common stockholders are last in line when it comes to company assets which makes them being paid out after creditors, bondholders, and preferred shareholders.
Therefore, It is a true statement that the preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends.
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Q09: Business Processes include which of the following? Workflow Controls Timing, Time Fences All choices Data Objectives
Answers
Business processes include workflow controls, timing, time fences, data objectives .Workflow Controls Timing, Time Fences All choices Data Objectives
Business processes refer to the systematic series of activities or steps that organizations undertake to achieve specific objectives. These processes encompass various elements, including workflow controls, which involve defining and managing the flow of tasks and information within the organization. Timing is crucial in business processes as it involves scheduling activities and ensuring they occur at the right time. Time fences are predetermined points in time that establish deadlines or limits for specific activities or decisions. Data objectives involve defining the desired outcomes and goals related to data management and utilization within the business processes.
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on november 30, 20x8, how should the company account for the swap of 50,000 20x8 vintage cpms transferred to kbe in return for 75,000 20y0 vintage cpms?
Answers
The company should account for the swap as a non-monetary exchange.
In a non-monetary exchange, the fair value of the assets exchanged are used to determine the value of the transaction. Therefore, the company should determine the fair value of the 50,000 20x8 vintage cpms and the 75,000 20y0 vintage cpms and record the exchange based on the difference in fair value. Any gain or loss should be recognized in the period of the exchange.
1. Identify the transaction as a non-monetary exchange since both parties are swapping assets (CPMs) without any cash or monetary consideration.
2. Determine the fair value of the assets exchanged. The company needs to obtain the fair value of both the 20X8 vintage CPMs and the 20Y0 vintage CPMs.
3. Record the transaction by debiting a new asset account for the 75,000 20Y0 vintage CPMs at their fair value, crediting the old asset account for the 50,000 20X8 vintage CPMs at their fair value, and recognizing any gain or loss on the exchange in the income statement.
4. If the fair values cannot be reliably determined, the company should use the carrying amount of the 20X8 vintage CPMs to record the exchange.
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a 2009 chevrolet model has more horsepower than the 2008 version and is included in the bls basket of goods. bls attempts to account for this change in the market basket by
Answers
The BLS attempts to account for the change in horsepower between the 2008 and 2009 Chevrolet models that are included in the basket of goods by updating the price and quantity data for both years.
The 2009 Chevrolet model, with more horsepower than the 2008 version, is included in the BLS (Bureau of Labor Statistics) basket of goods.
To account for this change, BLS employs a technique called quality adjustment. This method involves calculating the difference in cost attributable to the increased horsepower and adjusting the price index accordingly.
By doing so, BLS ensures that the Consumer Price Index (CPI) accurately reflects the improvement in product quality, rather than just a price increase. This way, the CPI better represents the actual cost of living and helps maintain the accuracy of inflation measurements.
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A supererogatory act is an act that is beyond the call of duty.
True
False
Answers
please give me brainliest answer!! ☺️
Someone Help This Is Due today !!!!
Match the Professionalism term with its meaning
1.
Accountability
2.
Integrity
3.
Punctuality
4.
Productivity
5.
Initiative
a.
doing your job as efficiently and effectively as possible
b.
doing the right thing, even when no one is watching
c.
being responsible for your actions and words
d.
being on time
e.
to take charge or do things without being told
Answers
Answer:
Number 1
Explanation:
Number 1 is correct
A company specializes in manufacturing internal combustion engines. Recently, this company has decided to create a division for the flexible fuel field. During this time, Beto, the HR manager, has been reviewing and updating job descriptions. With the knowledge that a new division of jobs will be created, what would be the appropriate course of action for Beto to take next
Answers
Answer:
Beto should consider preparing new job descriptions since new jobs will be created in the organization
Explanation:
In the given scenario the company that specialises on manufacturing internal combustion engines has now decided to go into a new production line - flexible fuel field.
Because the roles are now different from previous jobs in the company Beto will have to prepare new job descriptions to fit the new jobs roles.
It is the responsibility of human resources staff to continuously review job roles and make appropriate changes to job descriptions
A company with two factories learns that by using robots and other high-tech
equipment it can produce the same quantity with just one factory. It decides
to close one of its factories. Under the WARN Act, who must be notified of
this decision?
O A. The workers at both plants and the state and federal departments
of labor
OB. The workers of the plant to be closed, the local government, and
the state's department of labor
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
O D. The workers at both plants, the local governments of both
communities, and both states' dislocated-worker units
Answers
Answer:
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
Explanation:
The WARN Act seeks to offer protection to workers, their families, and communities by compelling employers to give a 60 notice day in advance of a planned plant closure or intended mass layoffs. The advance notice provides workers and their families time to adjust to the pending loss of employment. It accords workers some time to seek alternative employment or acquire new skills to compete for jobs.
Apart from the affected workers, The WARN act requires employers to notify the state dislocated worker units. This facilitates dislocated worker assistance to be availed promptly to the affected worker. The local government representatives should also be notified.
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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how is revenue calculated from ticket sales
Answers
Answer:
Total revenue from ticket = Cost of one ticket x Total number of thing
Explanation:
Total revenue = Cost of one thing x Total number of thing
Assume
Cost of one ticket = A
Total number of thing = B
Total revenue from ticket = Cost of one ticket x Total number of thing
Total revenue from ticket = A x B
Total revenue from ticket = AB
Gourmet shop purchased cash registers on april 1 for $12,000. if this asset has an estimated useful life of four years, what is the book value of the cash registers on may 31?
Answers
The book value of the sales registers on May 31 would be $11,500.
To ascertain the book worth of the sales registers on May 31, we really want to decide the collected deterioration for the period from April 1 to May 31 and take away it from the underlying expense.
Since the assessed helpful existence of the sales registers is four years, we can utilize straight-line deterioration to ascertain the month to month devaluation cost.
In the first place, we should ascertain the month to month deterioration cost:
Deterioration Cost each Month = (Introductory Expense - Rescue Worth)/Valuable Life
Given:
Starting Expense = $12,000
Helpful Life = 4 years
Rescue Worth:
The rescue esteem is the assessed worth of the resource toward the finish of its helpful life. In the event that it isn't given, we will expect it to be $0.
Deterioration Cost each Month = ($12,000 - $0)/(4 years * a year/year)
Devaluation Cost each Month = $12,000/four years
Devaluation Cost each Month = $250
Presently, we should work out the collected devaluation for the period from April 1 to May 31:
Collected Deterioration = Devaluation Cost each Month * Number of Months
Number of Months = 1 (April) + 1 (May) = 2 months
Collected Devaluation = $250/month * 2 months
Collected Devaluation = $500
At last, we should work out the book worth of the sales registers on May 31:
Book value = Introductory Expense - Amassed Devaluation
Book value = $12,000 - $500
Book value = $11,500
Hence, the book value of the sales registers on May 31 would be $11,500.
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A high growth market in South America has the following five brands competing in two regions (yearly sales): Total Units Units Brands Revenues (South) (North) (Pesos) Allright 9,000 150 159 Besthelp 4,580 100 200 Coldcure+ 6,000 179 Defogg 6,940 200 200 Effect 14,000 350 317 What is Defogg's revenue market share?
Answers
Defogg's revenue market share, given the total revenue made from the high growth market by the 5 firms in the industry, is 17. 18 %
How to find the market share ?Market share is the percentage of a company's industry's total revenues that it generates. The company's sales for the time period are divided by the total sales for the sector for that time period to determine market share. This metric is employed to provide a basic understanding of a company's size in relation to its market and rivals. The business with the biggest market share in a certain sector is the market leader in that sector.
To find the revenue market share, you first need to find the total market share of all the firms as :
= (total revenue of Allright) + (total revenue of Besthelp) + ( total revenue of Coldcure+) + (total revenue of Defogg) + (total revenue of Effect)
= 9, 000 + 4, 580 + 6, 000 + 6, 940 + 14, 000
= 40, 520 Pesos
Defogg's revenue market share is :
= Defogg revenue / Total market share
= 6, 940 / 40, 520
= 17. 18 %
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If I have dual citizenship should I say yes on my college applications?
Answers
Answer:
i don't think so 1 citizenship is all it takes
According to the Stolper-Samuelson theorem, in the short-run, following the opening of trade: a. Workers will suffer from lower wages but land owners will benefit from higher rents. b. All groups tied to declining sectors of the economy will suffer from lower returns. c. Output remains constant. d. Workers can change jobs but will receive the same wage. QUESTION 2 Realism and institutionalism are country-based approaches to the political economy dif trade. Trun False QUESTION 3 According to Heckscher-Ohlin model, a country exports the good, a. whose production is intensive in its abundant factor. 6 whose production is inferior relative another country. c. whose production is intensive in its scarce factor. di whose production is superior relative another country. QuESTION 4 There is some evidence that the gaine from globalization have disproportionately contributed to the incomes of the very top income classen in the world. true Fahe
Answers
According to the Stolper-Samuelson theorem, in the short run, following the opening of trade, is: b. All groups tied to declining sectors of the economy will suffer from lower returns.
2. The statement about realism and institutionalism being country-based approaches to the political economy of trade is False
3. According to the Heckscher-Ohlin model, a country exports the good: a. Whose production is intensive in its abundant factor.
4. The statement about the gains from globalization disproportionately benefiting the incomes of the very top income classes in the world is true.
What is the Stolper-Samuelson theoremThe Stolper-Samuelson theorem is an economic idea that studies how trade affects the prices and payments for different resources used in production.
This says that when a country starts trading with other countries, the resources that are used a lot in growing industries will earn more money, while the resources used a lot in shrinking industries will earn less money.
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A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answers
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
later on today, you will receive an annual dividend of $2.50 a share on abc stock. the dividend is expected to increase by 2 percent annually thereafter. which formula should be used to compute the value of the stock today if the discount rate is 14 percent?
Answers
A stock, also known as a share or equity, represents a unit of ownership in a company. When a company issues stocks, it is selling a portion of the company to investors in exchange for capital.
What is share?A share, also known as a stock or equity, represents a unit of ownership in a company. When a company issues shares, it is selling a portion of the company to investors in exchange for capital. Each share represents a claim on the company's assets and earnings. Shareholders, or owners of shares, are entitled to a portion of the company's profits, as well as the right to vote on certain company matters. The value of a share is determined by the market and can fluctuate based on a variety of factors such as the company's financial performance, industry conditions, and overall market conditions. Additionally, dividends are commonly paid to shareholders as a portion of the company's earnings.
The formula that should be used to compute the value of the stock today if the discount rate is 14 percent is the Gordon growth model formula:
V0 = D1 / (r - g)
Where:
V0 = value of the stock today
D1 = annual dividend of $2.50 a share
r = discount rate of 14%
g = expected annual dividend growth rate of 2%
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Static budgets work well for all of the following situations except Variable costs when activity level is close to the planned activity level Variable costs when activity level differs greatly from the planned activity level Fixed costs Fixed costs and variable costs when activity level is close to the planned activity level
Answers
Static budgets work well for Fixed costs and variable costs when the
activity level is close to the planned activity level.
Static budgets are predetermined budgets based on a specific level of
activity.
They are useful when the actual activity level closely aligns with the
planned activity level because the costs and revenues can be accurately
estimated.
This is particularly true for fixed costs, as they remain constant
regardless of the level of activity.
However, static budgets are less effective in situations where the activity
level differs greatly from the planned activity level or when dealing with
variable costs.
When the activity level significantly deviates from the planned level, the
actual costs and revenues may vary, making the static budget less
accurate and less useful for decision-making.
Variable costs, which fluctuate with changes in activity levels, can be
challenging to predict accurately with a static budget when the actual
activity level differs significantly from the planned level.
This is because variable costs may increase or decrease in proportion to
changes in the level of activity.
To address these situations, flexible budgets or other budgeting
techniques that account for varying activity levels and variable costs
more accurately may be more appropriate.
Flexible budgets adjust the budgeted amounts based on the actual
activity level achieved, allowing for better cost estimation and
performance evaluation.
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the best-known guide to __________ is robert’s rules of order.
Answers
The best-known guide to parliamentary procedure is Robert’s Rules of Order. Parliamentary procedure is a collection of rules, principles, and techniques used by organizations and legislative bodies to make decisions in an organized, effective, and fair manner.
It is a structured approach for conducting meetings and making decisions by majority vote. Parliamentary procedure is commonly used by governments, businesses, and non-profit organizations to conduct meetings, pass resolutions, and make decisions. Robert’s Rules of Order is a well-known guide to parliamentary procedure. It was first published in 1876 by Henry Martyn Robert, a military engineer who was asked to preside over a church meeting and realized he did not know how to run a meeting effectively.
Robert’s Rules of Order provides a framework for conducting meetings, making decisions, and resolving conflicts. It includes rules for creating an agenda, making motions, amending proposals, and voting. Robert’s Rules of Order is widely used in the United States by government bodies, non-profit organizations, and businesses to conduct meetings and make decisions.
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HELPP on question 10
Answers
Answer:
land?
Explanation:
Answer:
Land
Explanation:
Data classification for retention of information is typically ______ for financial and tax records?
Answers
Data classification for retention of information is typically for 7 years of financial and tax records.
Accounting records are the documents and books involved in the preparation of financial statements of any organization.
Similarly tax records means the transcripts of all the tax returns previously submitted taxes.
Every organization is required to preserve the data records for at least 7 years not less than this.
This also includes the documents related to audit too.
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according to the fasb, net assets with donor restrictions are released from restrictions: group of answer choices as assets are spent for the purposes intended by the donor. when funds are returned to the donor. at the end of each fiscal year. when all donor conditions have been met.
Answers
Net assets with donor restrictions are released from restrictions when all donor conditions have been met. This means that the funds can only be used for the specific purposes intended by the donor, and once those conditions have been fulfilled, the restrictions are lifted and the funds can be used for any general purposes of the organization.
The release of net assets with donor restrictions is governed by FASB (Financial Accounting Standards Board) guidelines, which provide specific rules and criteria for when such assets can be released. In general, the release of donor restrictions occurs when the organization has fulfilled all of the conditions set forth by the donor, which may include specific timeframes, programmatic goals, or other requirements.
For example, if a donor provides funds for the construction of a new building, the organization may be required to complete the construction within a certain timeframe, use specific contractors or materials, or meet certain safety or environmental standards. Once all of these conditions have been met, the net assets with donor restrictions can be released and used for any general purposes of the organization.
It is important to note that the release of donor restrictions must be carefully documented and disclosed in the organization's financial statements, in order to ensure transparency and accountability to donors and other stakeholders. Additionally, organizations must comply with any applicable laws and regulations governing the use of restricted funds, such as state charitable solicitation laws or federal tax rules.
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