A company's strategy is the large-scale action plan that encompasses the company's vision and is used to create the direction for the business.
Option B is correct.
Company strategy:A strategy is a long-term plan that a business creates to achieve its desired future state. Your strategy includes your company goals, the type of product/service you want to develop, the customers you want to sell to, and the markets you want to serve profitably.
What is Good Corporate Strategy?A successful business strategy begins by formalizing a plan on the three core elements that follow.Business goals, target groups and strategic management. Use these six action items to start crafting an effective business strategy that aligns with your organization's goals.
Learn more about company's strategy:
brainly.com/question/8192142
#SPJ4
the top hat division of blandon's fine menswear had the following results last year. sales $5,100,000 operating income $510,000 total invested assets $3,000,000 current liabilities $260,000 management's target rate of return is 24% and the weighted average cost of capital is 18%. what is the top hat division's return on investment (roi)?
The return on investment (ROI) for the Top Hat Division is 17.00%.
What is return on investment?Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. It is commonly expressed as a percentage and is typically used for personal financial decisions, to compare a company's profitability or to compare the efficiency of different investments. ROI measures the amount of return on an investment relative to the investment’s cost. It is calculated by taking the gain from an investment, subtracting the cost of the investment and dividing the result by the cost of the investment. This calculation provides investors with an idea of how efficient their investment is and whether it is generating a positive return.
This can be calculated by dividing the operating income (ROI) by the total invested assets. In this case, the ROI would be calculated as follows:
$510,000 / $3,000,000 = 0.17 = 17.00%
This return on investment is lower than the target rate of return of 24%. This indicates that the Top Hat Division is not meeting the management's target rate of return and could potentially benefit from some improvements in its operations.
To learn more about return on investment
https://brainly.com/question/29455309
#SPJ4
true or false issuers of securities offerings must comply with either federal or state securities laws, but not both.
Securities laws are governed by both state and federal laws, so the given statement is false.
What are the securities governed by state and federal laws?The Securities Act of 1933 is a federal law that requires securities sold to the public to be registered with the SEC and that investors have access to complete information about the seller and the stock offering.State Securities Laws encompasses all applicable state securities laws and regulations, including, but not limited to, registration, permit, and qualification requirements. State Securities Laws are a state's securities ("blue sky") rules, regulations, or other similar laws.Securities laws broadly prohibit any type of fraudulent activity in connection with the offer, purchase, or sale of securities. These provisions serve as the foundation for a wide range of disciplinary actions, including actions for fraudulent insider trading.To learn more about security laws refer to :
https://brainly.com/question/18045219
#SPJ4
program manager stasha makes sure her program always operates according to her state's required child to staff ratio (even if lower than ras's ratio of 1:15) and the state's maximum group size (even if she has space for more kids). what is stasha ensuring?
Program management strives to benefit the overall program by pooling project assets, expenses, and activities.
The definition of program management.
Program management is the practice of overseeing programs that are aligned with corporate goals and enhance organizational performance. Program managers are responsible for directing and organizing all of the organization's programs and other strategic activities.
What precisely do program management abilities entail?
having knowledge of program management
Numerous essential abilities, such as organization, planning, scheduling, program strategy, reporting, proposal writing, and budget planning, are required of a successful program manager. In the end, it depends on the positions your company is looking for and how they will interact with any current team members.
To know more about Program management visit:
https://brainly.com/question/29023210
#SPJ4
whats the difference between net, gross, and operating profit
whan a country's economy is producing at a level that exceeds its potential gdp the standardized emploment deficit will show a than the actual deficit
When a country's economy is producing at a level that exceeds its potential GDP the standardized employment deficit will show a than the actual deficit less than its actual budget.
Describe GDP.The gross domestic product, or GDP, is one of the most well-known. It is frequently quoted by governments, central banks, and the business world in books, newspapers, television news, and reports. It is frequently used these days as a benchmark to assess the state of both national and global economies.
Who makes that decision?GDP is calculated by adding private consumption, gross domestic product, government investment, and other elements (exports – imports). The country's national statistical bureau frequently computes GDP using the global standard.
To know more about GDP visit:
https://brainly.com/question/15682765
#SPJ4
how does wal-mart manage its cash, accounts receivables, inventory and accounts payable in a way that allows them to be more profitable than target?
The retail behemoth Walmart is at least five times bigger than its main rival, Target. The higher inventory and asset turnover, as well as the operational dollar earned per dollar of asset.
Show that Walmart appears to be more operationally efficient than Target. There isn't much of a difference between the marketplaces you choose to list on for goods that fall under the inventory of food, home goods, and household necessities. Walmart is more concerned with health, whereas Target is more concerned with beauty things. The cornerstone of our strategy is Every Day Low Price (EDLP), and we are more price-focused than ever.
To learn more about inventory, click here.
https://brainly.com/question/14184995
#SPJ4
If a business decides to act outside of the prevailing ethical norms of that community.
The area of ethics that Ingrid's opinions reflect is normative ethics. if a business chooses to conduct itself unethically in the view of the public.
What is Normative ethics?A subfield of moral philosophy called normative ethics seeks to define what is morally right and wrong. It comprises the formulation of moral principles that directly affect how individuals ought to behave in private, public, and institutional contexts. It is sometimes compared with theoretical ethics, or the foundational level, which concentrates on the structure rather than the substance of ethical theories and moral judgements, and with applied ethics, or the application of ethical theory to real-world circumstances.
Questions of moral action are examined by the normative ethics subfield of philosophical ethics. It is the research of moral behavior.
To know more about Normative ethics, visit:
https://brainly.com/question/29707640
#SPJ1
consider the keynesian cross model. if the fiscal multiplier equals 3, and the government decides to increase government purchases by 100, by how much would equilibrium output increase?
How much would equilibrium output grow if the fiscal multiplier was 3, and the government decided to raise government purchases by 100? The answer is 300.
Definition of the Keynesian cross model.To fulfill demand, the Keynesian Cross Product adapts. Keynesian macroeconomics holds that goods are produced to satisfy total consumer demand. Businesses raise production when demand exceeds supply in order to meet the need. When supply outpaces demand, businesses create less since there is no purpose in making products that won't be purchased.
Macroeconomics: What is it?Macroeconomics is the study of how economies function, taking into account changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments. Poverty relief, social equality, and sustained prosperity are only possible with sound fiscal and monetary policy.
To know more about Keynesian cross model visit:
https://brainly.com/question/17218993
#SPJ4
What revenue stream can run into the billions of dollars for some professional sports teams?
The field must be maintained by the grounds workers when it is bad outside.
What are sales versus tax revenue?Although both profit and revenue are positive indicators for your company, they are not the same thing. Both offer a critical perspective on your company. Profit refers to net earnings after subtracting expenses from earnings, whereas revenue refers to income gained through business operations.
What two different types of revenue are there?Operating and non-operating revenue are the two main categories of a company's income. Operating revenue is the money a business makes from its basic operations; it comes from sales and services. Non-operating revenue is often referred to as side income or passive income.
To know more about revenue visit:
https://brainly.com/question/29567732
#SPJ4
according to our textbook, luke’s gospel puts a good deal of emphasis on prayer, reporting that jesus prayed eleven times, much more than any other gospel.
Luke emphasizes throughout his narrative that Jesus was a friend to people of all races and nations, including Samaritans and others who were considered outcasts, in addition to Jews.
What does Luke's Gospel emphasize?Luke also provides us with a special glimpse into Jesus' prayer life. We experience Jesus in prayer more than in any other gospel. In the reading from today, we see him both praying by himself in a serene setting and inviting Peter, James, and John to join him in prayer.
In Luke, Jesus is portrayed as a prayerful Messiah. In addition to teaching about prayer in several memorable parables, such as the one of the unjust judge in 18:1–8 and the material in 11:5-8, Jesus is also depicted praying in Luke more than He is in the other three Gospels combined, starting with His baptism in chapter 1.
In Luke's account of Jesus' brief ministry, we see him as a man of great compassion who cared for the underprivileged, persecuted, and outcast members of that society.
To lean more about luke’s gospel refer to :
https://brainly.com/question/14103058
#SPJ4
porter company is analyzing two potential investments. project x project y initial investment $ 72,790 $ 62,000 net cash flow: year 1 25,000 4,200 year 2 25,000 27,000 year 3 25,000 27,000 year 4 0 22,000 if the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selected?
Project X. The Payback period is 3.2 years. The time it takes to recoup the cost of an investment is referred to as the payback period. It is simply the amount of time it takes an investment to break even.
Project X payback period: $68,000/$24,000 per year [tex]= 2.83[/tex] years Project Y payback period:
Period Expected net cash flow Cumulative net cash flow0 $(60,000) $(60,000)1 4,000 (56,000)2 26,000 (30,000)3 26,000 (4,000)4 20,000 16,000
Payback period = 3 years + (4/20) = 3.2 years
While payback technique refers to the amount of time needed for the return on an investment to cover the entire initial investment, NPV (Net Present Value) is computed in terms of currency. Payback, NPV, and numerous more metrics are examples of ways to assess the worth of a project. The Payback Period demonstrates the length of time it takes for a company to recover an investment. If a project's ability to pay back its investment in the shortest amount of time is crucial to a company, this form of research enables them to assess other investment alternatives.
Learn more about Payback period here
https://brainly.com/question/23149718
#SPJ4
which of the statements below best describes office layout? group of answer choices allocates shelf space and responds to customer behavior seeks the best personnel and machine utilization in repetitive or continuous production addresses the layout requirements of large, bulky projects such as ships and buildings deals with low-volume, high-variety production positions workers, their equipment, and spaces/offices to provide for movement of information
D: 'positions employees, their equipment, and offices/spaces to provide for the movement of information' is the best description of office layout.
The aim of the office layout strategy is to develop an effective and efficient layout for the offices that meets its competitive requirements. Office layout strategy assists to position employees, and arrangement of their equipment as well as their office space in order to facilitate safety, comfort, and movement of information.
Since office layout provides comfort to the workers in their work by providing them with a systematic layout of departments and physical facilities. Thus it ensures a smooth work flow in an organization.
You can learn more about office layout at
https://brainly.com/question/28224766
#SPJ4
An authoritarian approach to budgeting is another way to describe the management philosophy of __________ budgeting.
An authoritarian method to budgeting is every other manner to explain the control philosophy of top-down budgeting.
The required details for Top-down budgeting in given paragraph
Top-down budgeting refers to a sort of finances allocation wherein govt management and senior control set high-degree budgets primarily based totally on organization objectives. Once approved, control “pushes down” the finances to branch heads, who speak it to their crew members. Top-down budgeting, in different words, is a shape of “finances allocation.” It begins off evolved with a hard and fast quantity and allocates investment and assets as a result throughout departments, leaving it to them to broaden new plans or lessen their current ones primarily based totally at the assets they have got been allotted. The top-down method effects in clear, well-prepared strategies that go away little room for confusion.
Because all choices are made in a single region and all verbal exchange flows in a single direction, mix-ups and misunderstandings take place much less often than with different control styles.
To know about Top-down budgeting click here
https://brainly.com/question/28272374
#SPJ4
in order to require banks to hold more money as opposed to lending it, the federal reserve can —
In order to require bank to hold more money as opposed to lending it, the federal reserve can raise the reserve requirement, which reduces the amount of money that banks have available to lend.
The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized management of the monetary system to prevent financial crises following a string of financial panics.
The Federal Reserve System's functions and responsibilities have grown over time as a result of occasions like the Great Depression in the 1930s and the Great Recession in the 2000s. In the Federal Reserve Act, Congress outlined three main goals for monetary policy: increasing employment, maintaining price stability, and lowering long-term interest rates.
To know more about Federal reserve, click here.
https://brainly.com/question/23247429
#SPJ4
Why would a company have a physical headquarters in one state but file for incorporation in another state?.
Employees pay income taxes depending on the rates of the chartering state, therefore a firm may opt to charter in a state with lower income taxes if it has a physical headquarters in one state but files for incorporation in another.
What is tax?A tax is a mandatory financial charge or other types of levy imposed by a governmental organization on a taxpayer (an individual or legal entity) in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and tax reliefs. Most nations have a tax system in place to pay for public, shared social, or agreed-upon national necessities, as well as government services.
To learn more about tax, click
https://brainly.com/question/28330734
#SPJ1
melba's toast has a preferred share issue outstanding with a current price of $19.50. the firm is expected to pay a dividend of $2.34 per share a year from today. what is the firm's cost of preferred equity? (round your final answer to two decimal places.)
The firm's cost of preferred equity, given the dividend, and the current price of the stock, is 12 %
How to find the cost of preferred equity?The firm's cost of preferred equity, can be found by the Dividend Discount Model which is:
Stock price = Next dividend / ( Cost of equity - Growth rate)
The Growth rate would be 0 % as this is a preferred share.
The cost of preferred equity is therefore:
cost of preferred equity = Next dividend / Stock price
= 2. 34 / 19. 50
= 0. 12
= 12 %
Find out more on cost of preferred equity at https://brainly.com/question/24208471
#SPJ1
A detail action plan is very essential in commercial fruit farming. Why?
Answer:
below
Explanation:
It is important because if the fruits get spoiled by bugs no one will be able to buy them and profits will go down. bo
true or false: you should always include discussion of your scope review in your accounting issues memoranda.
False, you should always include discussion of your scope review in your accounting issues memoranda.
In accounting, a memorandum is a source document with a brief message. The foundation for an accounting journal entry is provided by this message. Businesses can enter a transaction in the accounting system with a memo. The general ledger is where this transaction is recorded. The memorandum aids in tracing the transaction and identifying its origin.
A written note or paper is known as a memorandum. This document's main goal is to make the financial transaction as clear as possible. It can occasionally act as a reminder to make account adjustments. This phrase may also be used to describe an accounting memorandum entry. There are no amounts listed in this entry. But it only consists of a brief statement that is added to the general journal and general ledger.
To know more about accounting memorandum :
https://brainly.com/question/14326952
#SPJ4
When a company pays for a golfer to wear their brand during a major golf tournament, it is considered a _____________ promotion.
A sales promotion is when a company pays for a golfer to wear their brand during a major golf tournament.
What are promotions for sales?
A marketing tactic called a "sales promotion" aims to boost sales, foster customer loyalty, or spread brand awareness. Most of the time, it involves giving customers a discount or some other kind of incentive to buy your product or interact with your brand.
With examples, what is sales promotion?
Coupons, freebies, contests, loss leaders, point-of-purchase displays, premiums, prizes, product samples, and rebates are all examples. Sales promotions can target customers, sales staff, or members of the distribution channel (such as retailers).
To learn more about sales promotion here
https://brainly.com/question/13975307
#SPJ4
a two-year strips sells at an interest rate of 3.84% and a three-year strips sells at a rate of 3.97%. what is the implied one-year interest rate two years from now? assume the rates are effective annual rates.
The implied one-year interest rate two years from now is approximately 1.29%. The implied rate is the difference between the current interest rate and the interest rate for the futures or forward delivery date.
What is an implied interest?The implied interest rate is the distinction between a transaction's spot rate and its forward or futures rate. It is assumed that interest rates will rise in the future when the spot rate is lower than the forward or futures rate.
Investors can compare the returns of various investments and evaluate the return and risk characteristics of that particular securities using the implied interest rate. Any security type that also contains a futures or options contract has an implied interest rate that is simple to calculate.
To find the implied one-year interest rate two years from now, you can use the following formula:
r_2 = (1 + r_3)^(1/3) - 1
Where r_2 is the implied one-year interest rate two years from now, r_3 is the three-year interest rate, and the exponent (1/3) represents the fact that you are finding the annual rate implied by a three-year rate.
Plugging in the given values, you get:
r_2 = (1 + 3.97%)^(1/3) - 1 = (1.0397)^(1/3) - 1 = 1.0129 - 1 = 0.0129
So the implied one-year interest rate two years from now is approximately 1.29%.
To learn more about implied interest rate refer :
https://brainly.com/question/13219568
#SPJ4
What is an Entrepreneur? A risk-taking gambler Someone who pursues an opportunity regardless of any resource limitations An assertive salesman and business person Anyone with a really good idea
An entrepreneur is an individual who takes risks to inaugurate viable projects, motivated by a specific business vision
Profile of an EntrepreneurThey are creative enough to convince others that by working together something great can come to fruition.They are people with business vision, but much bigger aspirations than simple profit.He is a person who sees the tools of the business world as a means to turn his vision of the world into reality.Entrepreneurs are people who undertake the solution of problems.For more about entrepreneur here https://brainly.com/question/353543
#SPJ4
on january 1, 2024, a company acquired land for $6.6 million. the company paid $1.4 million in cash and signed a 7% note requiring the company to pay the remaining $5.2 million plus interest on december 31, 2025. an interest rate of 7% properly reflects the time value of money for this type of loan agreement. what amount of interest expense would the company record on december 31, 2025 (two years later)?
Based on the given information, the amount of interest expense would the company recorded on December 31, 2025 (two years later) is $728,000. Thus the correct option is D.
What is interest expense?On the income statement, interest expense is recorded as a non-operating expense. It represents tax that must be paid on all borrowed funds, including securities, mortgages, convertible debt, and bank borrowings.
To calculate the interest expense
original cost price is $6.6 million$1.4 million as a down payment in cash, and $5.2 million is payable after 2 years with a 7% interestThe interest payment will be recognized
Interest cost on December 31, 2025, would be
= $5.200.000 * 7% * 2 year
= $728, 000
Hence, the interest cost is $728, 000. Therefore, option D is appropriate.
Learn more about interest expense, here:
brainly.com/question/13051548
#SPJ1
The missing option so the questions are
multiple choice
$182,000
$364,000
$0
$728,000
if labor supply is unchanged, an increase in labor demand will ________ the equilibrium wage and ________ the number of workers employed.
If labor supply is unchanged, an increase in labor demand will decrease the equilibrium wage and increase the number of workers employed.
What determines equilibrium wage of labor?
In a competitive market, supply and demand decide wages. A rise in supply or a fall in demand will raise the equilibrium wage. The equilibrium wage will decline if supply or demand fluctuates.
How do you find the equilibrium wage?
To find the equilibrium real wage and level of labor use the labor demand and labor supply equations. Thus, 200 – 4L = 4L or L = 25. To find W, substitute L = 25 into either the labor demand or labor supply equation: thus, W = 4(25) = 100.
Why is equilibrium wage important?
When wages are high, workers prefer to work, and employers prefer to hire when wages are low. The salary and employment levels that are observed in the labor market are determined by labor market equilibrium, which "balances out" the competing desires of employers and workers.
To know more about equilibrium wage:
https://brainly.com/question/14718127
#SPJ4
when a company holds safety stock in a single location instead of multiple locations, they are using the inventory positioning strategy known as;
When a company holds safety stock in a single location instead of multiple locations, they are using the inventory positioning strategy known as, Inventory pooling.
A company's capacity to meet numerous markets' varying demands from a single stock of goods is referred to as inventory pooling. The practice is often analyzed in the context of two distinct, but closely related, cases: product and location pooling.
Operations management studies the concept of inventory pooling, which involves providing services to two or more distinct markets while employing a single inventory supply. The operational advantages of this approach are well known: when demand is unpredictable, merging numerous markets lowers aggregate uncertainty and enhances the firm's capacity to efficiently match demand and supply, hence raising profit.
Learn more about Inventory Pooling here: https://brainly.com/question/29330525
#SPJ4
by swapping non-conflicting operations, can we get a serial schedule where the transactions run in this order?
Can we create a serial schedule with the transactions running in the following order: T2 —+ T1 —+ T3 by swapping non-conflicting operations.
What is swapping?Swapping in OS is one of those schemes which fulfill the goal of maximum utilization of CPU and memory management by swapping in and swapping out processes from the main memory. Swap in removes the process from hard drive(secondary memory) and swap out removes the process from RAM(main memory).Swapping in the operating system is a memory management scheme that temporarily swaps out an idle or blocked process from the main memory to secondary memory which ensures proper memory utilization and memory availability for those processes which are ready to be executed.When that memory-consuming process goes into a termination state means its execution is over due to which the memory dedicated to their execution becomes free then the swapped-out processes are brought back into the main memory and their execution starts.To learn more about CPU refer to:
https://brainly.com/question/26991245
#SPJ4
samir decided to work an extra week at physics r us where he earns $20 per hour rather than go with his family on a caribbean cruise. the opportunity cost of his decision was
$480 is the opportunity Cost . Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on the Investment Selected.
What is opportunity cost and an illustration?The value of the resource's next-highest-valued alternative usage is what economists mean when they talk about a resource's "opportunity cost." You cannot use that time and money to watch a movie, for instance, and you also cannot read a book at home during that period.Economic theory uses the word "opportunity cost" to describe the worth of what you must forgo in order to chose something else. Briefly put, it represents the value of the path not traveled.Utilizing the following formula, opportunity cost is determined: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on the Investment Selected.Explanation:
20*24 = $480.
To learn more about Opportunity Cost refer to:
https://brainly.com/question/1549591
#SPJ4
Find the system reliability from the figure below.
R₁ = 0.9
R3 = 0.8
R₂ = 0.9
R₂ = 0.8
R4 = 0.8
Rs = 0.9
R6 = 0.9
The biological process by which filamentous fungi reproduce asexually from spores is called conidiation. The most obvious result of fungal circadian rhythms is rhythmic conidiation.
The majority of the time, this rhythmic conidiation is studied using species of neurospora.
R₁ =0.9, R2=0.8
R3=0.95. R4 = 0.75;
R5 = 0.85; R6 = 0.99;
R7 = 6.97; and R8 = 089.
The system configuration is as follows:
R = 1- R, R3 = (0.9) (0.95) = 0.855 1-R, R2 (1-0855) =0445 1-R5 R = 1-(0.85) (0.97) =1-0.8245 -0.1755 The conidiation's system reliability is 1- [(1-R,R3) (1-RgR+) (1-R, R6 R8 R3) (1-R, R+)]
1-R2P4 |--(0.8) (0.75) = 1-0.6 from the equation. 1-R2 Rs R$ R3 -> 1- (0.8) (0.99) (0.89) (0.95) = 1-0.669636 = 0.330364 O yields = 0.4 -[(1-RIR3) (1-R2R7) (1-R2H8R&Rg) (1-R2R4)] R=1- = 1-[6.145 (0.1755) (0-23036-40) (0-4)] 10.303362752 = 0.996637248, indicating that the system's meliability is zero.
To learn more about conidiation here
https://brainly.com/question/21559795
#SPJ1
Terron has monetary assets that total $8,500 and monthly living expenses that total $2,000. His emergency fund ratio is
Terron has monetary assets that total $8,500 and monthly living expenses that total $2,000. His emergency fund ratio is 0.75.
An emergency fund is a good thing to ought to preserve you out of debt. You should have three-6 months' worth of dwelling charges on your emergency fund.
Charge hazard is the chance that the truthful fee of economic instruments will trade when hobby costs alternate. for example, buying and selling portfolios, held-for-sale mortgage portfolios, and loan servicing properties contain rate hazards.
Learn more about funds here https://brainly.com/question/4521829
#SPJ4
julian is age 60 and paid $1,700 in premiums for qualified long-term care insurance in 2022, how much of the premium can he include in his medical expenses?
The maximum amount of premium that Julian can include in her medical expenses is limited to 1630 as given that the person with the age upto 60 years are subject to the maximum deduction of 1630.
Give a brief account on insurance premium.The amount of money an individual or business pays for an insurance coverage is known as the insurance premium. The premiums for life, health, vehicle, and home insurance plans must all be paid. Once it is earned, the premium becomes the insurance company's source of revenue. It also carries a risk because the insurer is responsible for paying claims that are made in accordance with the terms of the policy. The policy may be cancelled if the individual or business does not pay the required premium.
Your insurer will charge you a premium when you purchase an insurance policy. This is the cost of the insurance policy. For paying their insurance premiums, policyholders have a variety of options. Some insurers permit the policyholder to pay the insurance premium in monthly or semi-annual installments, while others may demand a full upfront payment before any coverage is provided.
A number of variables affect the premium's cost, including:
The type of coverage
Your ageThe area in which you liveAny claims filed in the pastMoral hazard and adverse selectionTo know more about, insurance premium, visit :
https://brainly.com/question/13724529
#SPJ1
which accounting standard board set the rules that state governments follow when preparing their financial statements? group of answer choices
The Financial Accounting Standards Board (FASB) sets accounting policies for public and non-public businesses and nonprofits in the United States. A associated organization, the Governmental Accounting Standards Board (GASB), sets policies for nation and neighborhood governments.
Does the authorities use FASB?FASB standards, on one hand, are created by way of the Financial Accounting Standards Board (FASB) and they apply to all public companies. GASB standards, on the different hand, are created with the aid of the Governmental Accounting Standards Board (GASB) and they practice to state and nearby governments.
What does FASB stand for?The Financial Accounting Standards Board (FASB) is the private quarter group accountable for writing accounting regulations (Accounting Standards) that U.S. organizations observe to problem financial reports. The guidelines that the FASB writes are referred to as Generally Accepted Accounting Principles (GAAP).
Learn more about FASB stand here:
https://brainly.com/question/29994313#SPJ4