what is GAAP and who oversees it?

Instructions for disposing of both temporary and permanent records are provided in the OSD Records Disposition Schedule. Personal documents are records of a private or nonpublic nature that are unrelated to or have no bearing on how an agency conducts business.

How long must frozen documents be kept on file?

How can records become frozen? Records must be kept for up to a year after the date they can be disposed of.

To facilitate access, it is a good idea to keep duplicate records in many places. A fine, incarceration, or both may be imposed for the improper or unintentional removal, defacing, alteration, or destruction of Federal records or the attempt to do so.

These types of records are permanent and must be maintained indefinitely. What types of files stations are you allowed to store record information within? You should label shared drives and electronic folders

To learn more about OSD Records Disposition Schedule visit:

https://brainly.com/question/29941520

#SPJ4

Answer with Explanation:

Paying employees and the vendors is necessary because they are very important stakeholders of the company. The company must manage its vendors and must not surpass the agreed credit period and credit allowed. If the company is properly managing its vendors then it is most likely that the company will taking maximum benefit out of it by increasing its credit period or credit allowed amount or both. This lower the working capital investment and thus would save the cost of financing the working capital, and hence the business profit would be increased. This means that the effective management of vendors increases business profit.

On the other hand, if we are not paying the employees in time then it will lower the motivation of the employees which would affect their productivity as well. Hence it is better to keep them motivated because it increases it productivity and also lowers employee turnover.

The impact of these decision would might seem that it has decreased the profit but employee cost are both fixed cost (salaried) and variable cost (wages) which means the fixed will remain the same but if the wages are growing then it is a sign of increased production. Hence we must pay them in time irrespective of business profit.

Answer:

A

Explanation:

the answer is a because you get more free money with your income taxes therefore making more money that you can use on personal things

Through the act of selling puts on equities they intend to buy, investors can make money. For instance, if XYZ stock is selling at $80 and a shareholder wants to buy 100 shares for $75, the shareholder could write a put option with a $75 strike price.

By purchasing (or holding) shares and simultaneously selling both an at-the-money call and an at-the-money put, a covered straddle position is formed. The strike price and expiration date for the call and put are identical. If the underlying stock trades over the break-even mark, the position is profitable, but the potential for profit is constrained.

Similar to covered calls, covered puts operate by having you write an option against a short position, which is a stock you have borrowed and subsequently sold on the open market.

To Know more about borrowed

https://brainly.com/question/17619427

#SPJ4

Cu2+(aq) + 2e− is a reduction reaction.

Rusting iron is a technique that entails oxidation and discount. Oxygen is decreased, while the iron is oxidized. The iron oxide undergoes discount (loses oxygen) to form iron at the same time as the carbon monoxide is oxidized (profits oxygen) to shape carbon dioxide.

The terms oxidation and discount can be described in terms of adding or casting off oxygen to a compound. at the same time as this isn't the maximum sturdy definition, as discussed below, it's far the very best to recollect. Oxidation is the gain of oxygen. reduction is the lack of oxygen.

Learn more about reduction reaction here: https://brainly.com/question/4222605

#SPJ10

The mean of the data set in the question is 34.0

We have to find the midpoint of the classes

this would be gotten by the addition of the first and the last numbers divided by 2.

This would be seen in the following way

0 + 11 / 2 = 5.5

12 + 23 / 2 = 17.5

24 + 35 / 2 = 29.5

36 + 47 / 2 = 41.5

48 + 59 / 2 = 53.5

Next we have to multiply the midpoints by the given frequencies in the table

The frequencies * midpoint are

6 * 5.5 = 33

10 * 17.5 = 175

5 * 29.5 = 147.5

14 *41.5 = 581

13 * 53.5 = 695.5

Then the summations of the frequency is

6 + 10 + 5 + 14 + 13 = 48

The summation of the table above would be

33 + 175 + 147.5 + 581 + 695.5 = 1632

The mean would be 1632 / 48 = 34.0

Read more on mean here:

https://brainly.com/question/20118982

#SPJ1

Factors that Influence the business environment are :

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:

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.

For more about Business Environment refer to the link : https://brainly.com/question/26589766

A higher interest rate is important when saving money because it allows for greater growth of your savings over time.

Interest rates are the percentage of the principal (or original amount of money) that is added to your savings each year. With a higher interest rate, the amount of money you earn in interest will be greater, allowing you to accumulate more savings over time. This is especially important for long-term savings goals, such as retirement or saving for a down payment on a house.

By choosing a savings account or investment option with a higher interest rate, you can maximize the growth of your savings and reach your financial goals more quickly.

See more about saving money at https://brainly.com/question/27848516.

#SPJ11

Answer:

below

Explanation:

the cleaning process and the money that is going to be lost.if a cruse ship gets cancelled the money rate will go down

Answer:

The importance of scale is given below.

Explanation:

Answer:

Policy holder

Explanation:

There is no power of attorney needed nor mentioned in the problem. The insurer is the one who sells the policy. The rider doesn’t have to have insurance so that is irrelevant.

Answer:

Policy Holder

The IRO conducts a claims review and short stay review each year at certain covered facilities but there is currently no screening process for covered persons prior to engaging their services. Thus, the statement is True.

The claims review service investigates the controls in place to ensure that all items and services billed to Medicare or a state Medicaid program are medically necessary, correctly documented and coded, and billed in accordance with standards.

IRO is independent reviewing officer. The main role of its involve audit and monitoring functions. The role of IRO involve processing the claims and reviewing it each year within CIA. It requires expert to conducts all the reviews, including the verification reviews and also include the claim reviews.

Thus, iro conducts a claims review and short stay review each year at certain covered facilities.

To learn more about claim review, click here:

https://brainly.com/question/29415423

#SPJ1

Your question is incomplete, but most probably the full question was,

The iro conducts a claims review and short stay review each year at certain covered facilities. there is currently no screening process for covered persons prior to engaging their services.

a. True

b. False

Answer:

Scarcity: In short supply of

Choice: Making a decision

Opportunity Cost: The loss of one aspect of a decision with the benefit of another

Efficiency: Being efficient and accurate as well as reliable

Inefficiency: Not being effective and wasting resources or time

Answer:

Apprentices are continually learning new skills on the job and have the chance to put their knowledge to use every day. The university trains you for the job, but you usually have to wait years before you can put your talents to use.

Explanation:

Brainliest pls :)

Answer:

marginal product of skilled labor is three times as great as that of unskilled labor.

Explanation:

Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.

Furthermore, if skilled labor such as carpenter, bricklayer, blacksmith, electrician, etc., costs three times as much as unskilled labor such as information technologist, engineering, medical doctor, etc., a profit-maximizing firm will vary the quantity of each type of labor used until the marginal product of skilled labor is three times as great as that of unskilled labor in order for it to make profits and proper use of the factors of production.

Reactant bonds break and atoms rearrange to form new product combinations.

In a chemical reaction, reactant molecules undergo a transformation to form product molecules. This transformation involves the breaking of existing chemical bonds in the reactant molecules and the rearrangement of atoms to form new chemical bonds in the product molecules. The reaction occurs at the molecular level, where atoms are rearranged and bonded together in different configurations. The breaking and formation of bonds lead to the formation of new product compounds with different properties and compositions compared to the reactants. This process follows the principles of conservation of mass and atoms, where no atoms are created or destroyed but are rearranged to form new combinations in the products.

To learn more about product: https://brainly.com/question/31781517

#SPJ11

Answer:

It is very important to assess one's personal entrepreneurial competencies (PECs) in order to know the strengths and weaknesses of the entrepreneur. In that manner, the entrepreneur can design a plan to compensate for his weaknesses and develop his strength in order to deliver the excellency that was expected of him.

The migration of people from Seattle to Portland has led to a significant increase in the number of cars with Washington State license plates in Portland, indicating a population shift between the two cities.

In Portland, migration increases utility due to economies of scale. As more people migrate to Portland, the city's population grows, leading to increased economic opportunities, access to amenities, and a broader social network.

These factors contribute to an overall improvement in the quality of life and utility for individuals in Portland.

Learn more about Washington State

brainly.com/question/23804211

#SPJ11

Monthly requirements (miles) - 20,000, 60,000, 80,000Probability - 0.20, 0.40, 0.40Fleet size (trucks) - 5, 15, 20Capital costs of each truck per month - $800Cost per mile - $0.90Cost of additional truck when required - $1.60Expected monthly cost for fleet size 5 trucks - $86,000

Expected monthly cost for fleet size 20 trucks - $70,000We need to find the expected monthly cost for fleet size 15 trucks. Now, let's calculate the expected monthly cost of the fleet for different fleet sizes. Fleet size 5 trucks: Let the cost be C1Expected monthly distance traveled = (20,000 x 0.2) + (60,000 x 0.4) + (80,000 x 0.4) = 64,000 miles Expected monthly cost of 5 trucks = Capital costs of 5 trucks per month + Cost per mile x Miles driven per month= 5 x $800 + $0.90 x 64,000= $4,000 + $57,600= $61,600Fleet size 20 trucks:

Let the cost be C3Expected monthly distance traveled = (20,000 x 0.2) + (60,000 x 0.4) + (80,000 x 0.4) = 64,000 miles Expected monthly cost of 20 trucks = Capital costs of 20 trucks per month + Cost per mile x Miles driven per month= 20 x $800 + $0.90 x 64,000= $16,000 + $57,600= $73,600Fleet size 15 trucks: Let the cost be C2Expected monthly distance traveled = (20,000 x 0.2) + (60,000 x 0.4) + (80,000 x 0.4) = 64,000 miles The distance that each truck needs to cover per month = 64,000/15 = 4266.67 miles

Expected monthly cost of 15 trucks = Capital costs of 15 trucks per month + Cost per mile x Miles driven per month= 15 x $800 + $0.90 x 64,000 + (4266.67 x 1.6)= $12,000 + $57,600 + $6,826.67= $76,426.67Thus, the expected monthly costs for the fleet sizes are: For fleet size 5 trucks: $61,600For fleet size 15 trucks: $76,426.67For fleet size 20 trucks: $73,600 The option that will yield the lowest expected monthly cost for Wingman is fleet size 5 trucks.

Learn more about Probability visit : brainly.com/question/31828911

#SPJ11

Apple's stock price experienced a significant decline of 37% from September 2012 to March 2013. The primary factors responsible for this stock performance can be identified by examining the financial reports.

The decline in Apple's stock price can be attributed to several factors reflected in the financial reports. Firstly, during this period, concerns arose regarding Apple's ability to sustain its high growth rate and maintain its competitive edge in the smartphone and tablet markets. Investors may have been worried about slowing iPhone sales growth and increasing competition from rivals.

Additionally, there were uncertainties regarding Apple's product pipeline and the company's ability to introduce innovative and groundbreaking products in the future.

Furthermore, fluctuations in global economic conditions and the overall stock market sentiment at that time could have influenced Apple's stock price. Investors may have engaged in profit-taking or portfolio reallocation, leading to the decline in Apple's stock price as part of a broader market trend. Macroeconomic factors such as economic slowdowns or geopolitical tensions can impact investor sentiment and trigger a sell-off in stocks.

Lastly, specific financial indicators within Apple's reports, such as revenue growth rates, profit margins, and guidance for future performance, could have influenced investor confidence. Any signs of weakness or uncertainty in these areas could have contributed to the decline in Apple's stock price.

In conclusion, the decline in Apple's stock price from September 2012 to March 2013 can be attributed to a combination of factors, including concerns about market saturation, competitive pressures, general market conditions, and investor sentiment influenced by financial indicators.

It is crucial to consider a holistic approach when analyzing stock performance, incorporating both internal factors from financial reports and external factors affecting the broader market.

To learn more about financial reports visit:

brainly.com/question/28644358

#SPJ11

The correct journal entry to record this transaction under perpetual inventory system is option C: Cash $4,100, Sales Revenue $4,100, Cost of Goods Sold $900, and Merchandise Inventory $900.

Because the company is using the perpetual inventory system, the inventory account should be continuously updated to reflect the current level of inventory.

When the company sells goods to a customer for cash, the cash account is increased by the amount of the sale ($4,100) and the sales revenue account is also increased by the same amount. The cost of goods sold account is increased by the cost of the goods that were sold ($900) and the merchandise inventory account is decreased by the same amount to reflect the fact that the goods are no longer in inventory.

Therefore, the correct journal entry is:

Cash                          $4,100

       Sales Revenue               $4,100

Cost of Goods Sold   $900

       Merchandise Inventory   $900

Learn more about Perpetual Inventory System here: brainly.com/question/29642144

#SPJ11

Answer:

are a - tool - construction workers use

Fixed exchange rate regimes are monetary systems in which the exchange rate between two currencies is set and maintained by government intervention, usually through the use of central bank policy. There are several types of fixed exchange rate regimes, including exchange rate pegs, currency boards, and dollarization.

Fixed exchange rate regimes country's monetary authority issues domestic currency only when it has an equivalent amount of foreign currency in reserve include each of the following, except c. dollarization (eliminates the need for a central bank to intervene in the foreign exchange market to maintain the exchange rate). The other options, a. the Bretton Woods exchange rate system (the US dollar, pegged to gold at a fixed rate, and other currencies were pegged to the US dollar), b. exchange rate pegs (a country's central bank intervenes in the foreign exchange market to maintain the exchange rate within a narrow band around the pegged rate), and d. currency boards (a country's monetary authority issues domestic currency only when it has an equivalent amount of foreign currency in reserve), are all examples of fixed exchange rate regime.

Know more about exchange rate here:

https://brainly.in/question/5096930

#SPJ11

Despite that Quon placed an ad on craigslist about his decision to sell his antique roadster, Fem is seen as the offeror because he responds to the ad and offers to pay $25,000 to Quon for the car.

In law, an offer is defined as an expression of willingness to contract on certain terms which is made with an intention that it shall become binding as soon as it is accepted by the person to whom it is addressed known as the offeree.

In essence, the offer means the statement of the terms on which the offeror is willing to be bound and it is a present contractual intent to be bound by a contract with definite and certain terms communicated to the offeree.

In conclusion, an expression of offer may take different forms and which form is acceptable varies by jurisdiction. Some may be presented in a letter, newspaper advertisement, fax, email verbally conduct etc  as long as these medium communicates the basis on which the offeror is prepared to contract.

Read more about Offer

brainly.com/question/12553345

#SPJ1

Option D: An international business is a firm that engages in international trade or investment.

Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.

It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.

For such more questions on international business:

brainly.com/question/14690606

#SPJ11

Answer: The role of internal auditors is to provide independent assurance

Explanation:

Explanation:

In simplest terms, the duties of an internal auditor are to: Objectively review an organization's business processes. Evaluate the efficacy of risk management procedures that are currently in place. Protect against fraud and theft of the organization's assets.

Pption b, physically. Systems projects are typically considered feasible based on their operational, technical, and economic feasibility.

Operational feasibility refers to whether the proposed system aligns with the organization's goals and objectives, and whether the system can be easily integrated into existing business processes. Technical feasibility assesses whether the proposed system can be developed and implemented given the organization's technical resources and capabilities. Economic feasibility considers whether the costs associated with developing and implementing the system are justifiable and provide a return on investment.

Physical feasibility, on the other hand, refers to whether the proposed system can physically be implemented in the organization's environment. While this may be a consideration in certain types of projects (e.g. construction or infrastructure), it is not typically a primary consideration for systems projects. Therefore, option b is the correct answer to your question.

Learn more about Operational feasibility: https://brainly.com/question/30895710

#SPJ11

Answer:

C)Bank and credit statements

Explanation:

The good places to look to find your current expenses when building your budget is "Bank and Credit Statements"

This is because the credit statement is a document showing a list of transactions or money spent on goods or expenses made. This credit statement can be gotten from a bank of the person whose credit statement is under analysis or credit union.

Hence, in this case, the correct answer is Bank and credit statement.