If the company sold 7900 units of bracelets during the year, how much is the cost for one bracelet?
Silver Crafts, Inc. purchases and sells bracelets. The following information summarizes the
company's operating activities for the year:
A) $19.87
B) $15.32
C) $20.17
D) $5.15
B) $15.32
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Which of the following is not a true statement regarding harmonization of accounting standards?
a. Harmonization refers to the degree of coordination or similarity among the various sets of national accounting standards and methods and the formats of financial reporting. b. Among the factors underlying the desire for harmonization is the rise in importance of the multinational firm. c. The issue of harmonization is closely tied to the efforts of the IASB as well as activities of the EU. d. Many continental model countries, such as France and Germany, have viewed harmonization as an opportunity to coordinate their accounting standards with those of the US.
The "30-day rule" affects direct marketers who are out-of-stock or who plan to order goods after they are purchased by consumers
Indicate whether the statement is true or false
The field of accounting that focuses on providing information for external decision makers is ________
A) managerial accounting B) financial accounting C) cost accounting D) nonmonetary accounting