which of the following is not true about ifrs? group of answer choices the iasb does not have the ability to enforce proper usage of ifrs. ifrs are considered as generally accepted accounting principles. ifrs is a comprehensive set of financial reporting standards. ifrs includes only pronouncements issued by the iasb. ifrs is available to any organization or nation that wishes to use those standards.

Answer:

Option A

Explanation:

In simple words, Maurice is confused that if he should work with animals or not. Working voluntary in an animal shelter would give him a first hand experience and will definitely clarify his doubts to a very good extent.

The ice cream parlor option do not provide him with any exposure. And researching is baseless s he is not sure if he even wants to work with animals. Last question is also incorrect as the case did not given any fact about his Monterey ambitions.

Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

The reason is that the double entry to record this transaction is as under:

Dr Cash Account       $42,000

Cr Accounts Receivable $42,000

Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.

The list of Aggregation functions used in DAX are:

An aggregate function computes on a set of values and returns a single value. Except for COUNT(*), aggregate functions do not take into account null values. Aggregate functions are frequently used in conjunction with the SELECT statement's GROUP BY clause. Every aggregate function is deterministic.

The 'Aggregation Functions' category of Power BI DAX functions is extremely important and useful. These functions are used to generate aggregations such as SUM, AVERAGE, MIN, and MAX, among others. These aggregation functions are very similar to those found in Microsoft Excel.

Read more about aggregate function

brainly.com/question/29642356

#SPJ1

The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. This document is called Cash receipt prelist.

A clerk is a person who works in an office, typically doing administrative or secretarial work. Clerks are often responsible for keeping records, filing documents, and performing other office tasks.

In some cases, clerks may also be responsible for customer service or sales. Clerks typically work in business or government offices, though they may also be found in other settings such as schools or hospitals.

To know more about Clerk, click here.

https://brainly.com/question/14339707

#SPJ1

Answer:

It will cost less to buy a $5 item in Canada than it will in the United States

Explanation:

if the exchange rate between the US Dollar and the canadian dollar is 1:1.3, then that menas that it would be easier to buy a commodity of $5 in canada as against buying in the US. This is because the price of the commodities will be affected by the exchange rate thus price making room for a 0.13

Cheers

The set of businesses that share similar strategies within a diversified company is called a: strategic business unit.

A strategic business unit can be defined as a sub-unit or independent department of a diversified, fully funtional organization with a specific target market, vision, mission, and objectives.

Good examples of a diversified company with strategic business units are LG, Proctor and Gamble, etc., which have different product categories.

Therefore, the set of businesses that share similar strategies within a diversified company is called a: strategic business unit.

Learn more about strategic business unit on:

https://brainly.com/question/24684801

Answer:

1: $600, $400, $300, $200

2: $37.35, $33.60, $25.00, $5.90, $111.85

3: $488.15, $288.15, $188.15, $88.15

Decision:

The lowest price to charge for a cup of lemonade in order to make a profit of at least $100 is 75 cents.

The best price to charge is 50 cents because it gives you enough for your trip, and enough to pay back the business expenses.

Explanation:

Hope this helps!

The following kinds of bonds earn interest.

The correct option is D.

Governments and enterprises issue bonds to raise funds. By purchasing a bond, you are making a loan to the issuer, who agrees to repay the face amount of the loan on a particular date and to make periodic interest payments along the way, usually twice a year.

Bonds are considered safer than other financial instruments such as equities, and you can count on the income if the issuer does not default on their debt. There are many distinct sorts of bonds, each with its own payment schedule and minimum investment. The majority of bonds have set coupon rates. You must pay tax on the interest earned on the bond until it was reissued.

Thus, the ideal selection is option D.

Learn more about Bonds here:

https://brainly.com/question/10777799

#SPJ2

To calculate the cost of goods sold (COGS) using the FIFO (First-In, First-Out) method, we assume that the earliest units purchased are the first ones sold.

Given the information provided:

- Inventory, January 1: 150 units at a unit cost of P15.00

- Purchased on April 1: 235 units at a unit cost of P10.00

- Purchased on August 15: 50 units at a unit cost of P12.00

- Goods Sold During the Year: 200 units

To calculate the cost of goods sold, we need to determine the cost of the units sold. Since we are using the FIFO method, we start by selling the oldest units first.

1. Calculate the cost of units sold from the inventory on January 1:

  Cost of units sold = 150 units * P15.00 per unit = P2,250.00

2. Calculate the cost of units sold from the April 1 purchase:

  The remaining units to be sold = 200 units (Goods Sold During the Year) - 150 units (Inventory on January 1) = 50 units

  Cost of units sold = 50 units * P10.00 per unit = P500.00

3. The cost of goods sold is the sum of the costs of the units sold from each inventory:

  COGS = Cost of units sold from inventory on January 1 + Cost of units sold from the April 1 purchase

       = P2,250.00 + P500.00

       = P2,750.00

Therefore, the cost of goods sold using the FIFO method is P2,750.00.

To know more about purchased visit:

https://brainly.com/question/27975123

#SPJ11

Because if your mining company gets flooded and you can't mine for a few years you have to be able to find new mines or sell you equipment, or even the mine it's self.  

-A mine not producing, is a mine that's losing.

You can apply this to almost anything, but it's most prominent in evolution and Business. in Evolution you die, and in business, if you company is losing money it will die so you have to adapt to sudden changes to avoid imminent death.

Hope this helps.

                -Trey Tucker

In this case, there are several behaviors described that were damaging to Barry Kagan's work relationships. These behaviors include:

1. Lack of communication: Barry failed to effectively communicate with his peers and subordinates, leading to misunderstandings and confusion. This lack of communication can damage work relationships as it creates a barrier to collaboration and cooperation.

2. Micromanagement: Barry exhibited a micromanagement style, constantly checking on his employees and not giving them enough autonomy to complete their tasks. This behavior can be demoralizing and can erode trust and confidence in the workplace.

To know more about behaviors visit:

https://brainly.com/question/27005523

#SPJ11

Answer:

Inflation occurs when prices rise across the economy, decreasing the purchasing power of your money.

Explanation:

Can I please get on the brainlist

The IASB and the FASB are working on a joint project that has an objective of developing a conceptual framework that leads to standards that are principles-based, internally consistent, and internationally converged.

The conceptual framework is a critical element of the standard-setting process as it provides a foundation for developing and revising accounting standards. The IASB and FASB are working together to update and improve their respective frameworks, with the objective of creating a single, comprehensive framework that is applicable to both US GAAP and IFRS. The new framework is intended to be principles-based, which means that it will provide a set of guiding principles that can be applied to a range of situations, rather than a set of rules that must be followed in all cases. Additionally, the framework will be internally consistent, meaning that it will be free from conflicts or contradictions, and it will be internationally converged, meaning that it will be applicable and acceptable in multiple jurisdictions. This will make it easier for companies operating in multiple jurisdictions to comply with accounting standards and reduce the cost of complying with multiple accounting standards.

Learn more about framework here

https://brainly.com/question/31609168

#SPJ11

Obtaining evidence to determine that all inventory, accounts payable, notes payable and expenses are included on the financial statements relates to the completeness assertion.

What is Financial Statement ?

The income statement, balance sheet, and statement of cash flows are the three main sections of the financial statements. These statements are intended to be read collectively in order to provide a thorough view of a company's financial situation and performance. There is a case can be made for each financial statement being the most significant, but the answer ultimately comes down to the user's requirements.

The income statement, which shows a company's potential to make a profit, is likely to be the most crucial financial statement for the majority of users. Additionally, the data on the income statement is largely expressed in current dollars, indicating a respectable level of accuracy.

Since the balance statement does not provide the results of operations and some of the statistics listed there may be dependent on prior costs, the report is likely to be ranked third by many consumers.

The statement of cash flows may be a contender for most crucial financial statement because it only considers changes in cash inflows and outflows.

To learn more about financial statement

https://brainly.com/question/26252171

#SPJ4

The given statement "The four building blocks of lean operations are indeed product design, process design, personnel/organizational elements, and manufacturing planning and control." is True. These building blocks are critical for the implementation of lean operations in any organization.

Product design is a crucial building block of lean operations as it helps to ensure that products are designed with efficiency and waste reduction in mind. This means that products are designed to be manufactured with minimal waste, reduced inventory levels, and shorter lead times. Process design is also essential for lean operations, as it helps to ensure that processes are designed with efficiency and waste reduction in mind.

This includes the elimination of non-value-added activities, reduction of cycle time, and streamlining of processes to improve flow. Personnel/organizational elements are another important building block of lean operations. This includes the development of a culture of continuous improvement, training of employees to identify and eliminate waste, and the development of cross-functional teams to work together to improve processes.

Finally, manufacturing planning and control is the fourth building block of lean operations. This includes the development of a system for scheduling production, controlling inventory levels, and managing the flow of materials and information through the production process.
For more such questions on operations

https://brainly.com/question/31376657

#SPJ11

Answer: The answer to that question is to promote competition and prevent companies from taking unfair advantage of consumers.

Explanation:

When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell 300 slices in a night. The slope of this demand curve for pizza is -1/40.

The slope of the demand curve for pizza is -1/40. If the rate is decreased by $5 ($10 to $5) the shop sells two hundred extra pizzas (one hundred to three hundred pizzas) rate is always at the y-axis and the amount of a great is usually on the x-axis. In our clarification, the price is diminished by $five (an alternate of -$5) and the number of pizzas sold will increase by means of two hundred. So the slope is -5/200 or -1/40.

In economics, a demand curve is a graph depicting the connection between the fee of a certain commodity and the quantity of that commodity this is demanded at that charge. Demand curves may be used both for the charge-amount courting for a person consumer, or for all customers in a specific market

In general demand curve is downward-sloping. The demand curve for maximum, if now not all, items conform to this principle. There can be uncommon examples of goods that have upward-sloping demand curves. An amazing demand curve has an upward slope is known as a Giffen accurate.

Learn more about the demand curve here brainly.com/question/1139186  

#SPJ4

As Brad begins work with his company's newly created product line of personal care products, he needs to use the overall framework of the marketing mix. This framework consists of the four Ps: product, price, promotion, and place.

Brad needs to use the 4Ps marketing mix framework as he starts to work on the marketing mix for his company's newly created product line of personal care products. The 4Ps framework consists of:

1. Product: Brad should focus on understanding the specific needs of the target market and ensure that the personal care products being developed cater to those needs. He should consider aspects like quality, design, features, and packaging.

2. Price: Brad needs to determine the optimal pricing strategy for the personal care products. This could involve analyzing competitor pricing, understanding the target market's price sensitivity, and considering the cost of production.

3. Place (Distribution): Brad should identify the best channels to distribute the personal care products, which could include retail stores, e-commerce platforms, or direct sales. He needs to ensure that the products are easily accessible to the target market.

4. Promotion: Lastly, Brad should develop an effective promotional strategy to create awareness and generate interest in the personal care products. This could involve advertising, public relations, sales promotions, and social media marketing.

By using the 4Ps marketing mix framework, Brad will be able to create a well-rounded marketing strategy for the newly created personal care product line.

To know more about 4Ps Marketing

visit:

https://brainly.com/question/31434530

#SPJ11

In economics, the term "allocation of resources" refers to the way in which society distributes its limited resources among various competing uses. These resources can include natural resources, labor, capital, and technology.

The Coase theorem suggests that when externalities (costs or benefits that affect parties who are not involved in the transaction) are present in a market, private parties can negotiate and reach an efficient allocation of resources without government intervention, provided that transaction costs are low. This means that if two parties can negotiate freely and costlessly, they will be able to reach an agreement that benefits both parties and results in an optimal allocation of resources.

For example, if a factory is producing pollution that is harming a nearby residential area, the Coase theorem suggests that the factory and the residents could negotiate a mutually beneficial solution, such as the factory agreeing to reduce its emissions, the residents accepting the pollution in exchange for compensation, or some other arrangement that both parties find satisfactory.

To know more about allocation click here:

brainly.com/question/15937115

#SPJ4

Ways to increase your net worth are

Generally, taking into consideration all financial assets and obligations of a person/company/household.

In conclusion, Consolidate or renegotiate your debts.

Keep your vehicles for as long as you can.

Boost your wages

Read more about net worth

https://brainly.com/question/12294231

#SPJ1

The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.

A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.

Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.

Read more on credit card here: brainly.com/question/27808875

#SPJ1

Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle

2. a payday loan

3. an unsecured installment loan

4. It decreases your monthly expenses, giving you more money to spend on other things.

5. Determine or estimate the current value of everything you own.

6. Their ability to repay a loan

7. your prior record of paying your bills and paying off your debts

8. your age and gender

9. You can request one online or over the phone.

10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.

11. -the lender that provided the incorrect information

-the credit bureau that prepared the report

12. right away

13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.

14. The longer the term, the more you will pay in interest.

15. It will cost you less money overall.

16. A store credit card generally comes with a higher interest rate.

17. You will save money if you pay the balance off quickly.

18. -Clarifying the confusing language found on credit card applications.

-Forcing lending companies to disclose interest rates and hidden fees.

19. It banned credit card companies from raising interest rates after missed payments.

20. -a fixed annual charge for the use of a credit card

-a charge if the minimum payment is not paid by the due date

21. paying off the balance before interest can accrue

22. $30

23. Determine which card has the higher interest rate and pay the extra money to that card first.

Explanation: All these answers are correct!

As the title suggests, Hayek believed that government intervention in the form of centralized planning stripped away individual liberties.

He warned of "the dangers of tyranny that inevitably arise from state control over economic decision-making..." but did not rule out the role of government. Indeed, he pointed to distinct areas where government intervention could prove beneficial. Among them is the demand for a stable job. limiting working hours; coping with the effects of deforestation and pollution; Even maintaining a social safety net. Hayek writes: to stay healthy. He even goes so far as to suggest that the government get involved in creating a national insurance program. "No reason," he continues.

To know more about Hayek, visit:-

https://brainly.com/question/14416672

#SPJ4

Answer:

$8,000

Explanation:

The entrepreneur needs $20,000. She can raise 60% from savings. It means she needs to generate 40% from other sources.

40% of $20,000 is

=40/100 x $20,000

=0.4 x $20,000

=$8,000

To calculate the depreciation expense for 2020 under different methods, we need to consider the three common depreciation methods: straight-line, units of production, and double-declining balance.

Straight-line Method:

Depreciation Expense = (Cost - Residual Value) / Useful Life

Depreciation Expense = ($160,000 - $3,200) / 10

Depreciation Expense = $15,760

Units of Production Method:

Depreciation Expense per Hour = (Cost - Residual Value) / Total Service Hours

Depreciation Expense = Depreciation Expense per Hour * Actual Hours in 2020

Depreciation Expense per Hour = ($160,000 - $3,200) / 40,000

Depreciation Expense = ($156,800 / 40,000) * 3,600

Depreciation Expense = $14,112

Double-Declining Balance Method:

Depreciation Rate = 2 / Useful Life

Depreciation Expense = (Book Value - Accumulated Depreciation) * Depreciation Rate

Year 1:

Depreciation Expense = (Cost - Accumulated Depreciation) * Depreciation Rate

Depreciation Expense = ($160,000 - $0) * (2 / 10)

Depreciation Expense = $32,000

Year 2:

Depreciation Expense = (Cost - Accumulated Depreciation) * Depreciation Rate

Depreciation Expense = ($160,000 - $32,000) * (2 / 10)

Depreciation Expense = $25,600

Year 3:

Depreciation Expense = (Cost - Accumulated Depreciation) * Depreciation Rate

Depreciation Expense = ($160,000 - $57,600) * (2 / 10)

Depreciation Expense = $20,480

Therefore, the depreciation expense in 2020 is as follows:

Straight-line Method: $15,760

Units of Production Method: $14,112

Double-Declining Balance Method: $32,000 (assuming it is the first year)

For more such questions on Depreciation

brainly.com/question/739052

#SPJ11

The amount of time left after routine management and administrative tasks are completed is called "discretionary time."

Discretionary time refers to the remaining time available to individuals or organizations once essential and routine tasks have been fulfilled. It is the time that can be allocated and utilized for non-essential activities, pursuing strategic goals, making decisions, engaging in creative or innovative endeavors, or focusing on higher-value tasks. Routine management and administrative tasks typically include activities such as daily operational responsibilities, paperwork, meetings, responding to emails, and other routine administrative duties. Once these tasks are completed, discretionary time becomes available, allowing individuals to allocate their time and attention according to their priorities and objectives. Effective management of discretionary time is crucial for productivity, as it allows individuals and organizations to focus on strategic initiatives, long-term planning, problem-solving, and other high-value activities that contribute to their goals and success.

To know more about administrative duties, click here https://brainly.com/question/29384935

#SPJ11

Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five tasks that make up human resource management.

Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five tasks that make up human resource management.

To know more about human resource management, check out:

https://brainly.com/question/21955229

#SPJ4

Answer:

Explanation:

A Unique Selling Proposition (USP) is a unique selling point or slogan that differentiates a product or service from its competitors. A USP may include words such as the "lowest cost," "the highest quality," or "the first-ever," which indicates to customers what your product or service has that your competitors do not.