Whether an item is large enough to likely influence the decision of an investor or creditor. (b) Constraint that weighs the cost that companies will incur to provide the information against the benefit that financial statement users will gain from having the information available.
(c) Obligations that a company expects to pay within the next year or operating cycle, whichever is longer.
(d) Information that is complete, neutral, and free from error. (e) The primary accounting standard-setting body in the United States.

Answers

Answer 1

Answer:

Andswer:

The question is related to the Concept of Materiality. The concept is used to judge and measure whether an event or a transaction is able to influence the decisions of an investor.

In this scenario, the answer is (c) Obligations that a company expects to pay within the next year or operating cycle, whichever is longer.

Because the size and the nature of such obligations may influence investors to invest or not in the company.

Explanation:

Related Questions

Suppose that the economy is suffering from a recession (or type of economic downturn). Businesses are closing, and people are losing their jobs. In 1 or 2 sentences, list two fiscal policy actions that could help the economy to recover faster.
In the United States economy, few resources, goods, and services are allocated through markets.True False
The ownership of a corporation consists of thea. governing body. b. officers of the corporation. c. stockholders. d. board of directors.
All of the following are correctly paired with their phase of the business cycle, EXCEPT __________. A. high level of employment: peak phaseB. slowdown of business activity: contraction phaseC. rising unemployment: recovery phaseD. production levels are at their worst: trough phase
How have the general ideologies of each major party change over time?

How can the use of new technology in industry benefit the US government? A. The government can purchase materials from anywhere.
B. The government can rely on automation to reduce costs.
C. The government can react to economic changes quickly.
D. The government can transport goods around the world.

Answers

Answer:

All the statements are correct.

Explanation:

A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.

B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.

C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.

Answer:

The correct Answer is C

Explanation:

Just did it on Edge 2020 and i got 100 Percent

Automatic stabilizers are critical to the success of supply-side policies. True or False

Answers

That statement is False

Automatic stabilizers are NOT critical to the process of supply-side policies. Supply side policies are an attempt to increase production, meanwhile automatic stabilizers only used in the case of emergency, not really affecting productivity

Evaluate the impact of the bureaucratic leadership style on a business

Answers

Leadership would be very formal and strict. Managers would expect their subordinates to conform to the system that they implement and follow it to the letter. This is a very tight style of management where the employees have to adapt to the management if they want to stay employed.

A finance company has a total of $20 million earmarked for homeowner and auto loans. On the average, homeowner loans have a 10% annual rate of return, whereas auto loans yield a 12% annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type that Madison should extend to each category in order to maximize its returns. housing million dollars automobile million dollars

Answers

Answer:

Housing million dollars $1,655.2

Automobile million dollars $413.80

Explanation:

Calculation to determine the total amount of loans of each type

Calculation for HOMEOWNER LOANS

Homeowner loans=$20,000-[(10%*20,000)/(4*12%+10%)]*10%

Homeowner loans=[$20,000-($2,000/48%+10%)]*10%

Homeowner loans=[$20,000-($2,000/58%)]*10%

Homeowner loans=[$20,000-$3,448.3]*10%

Homeowner loans=$16,552*10%

Homeowner loans=$1,655.2

Calculation for AUTO LOANS

Auto Loans=[(10%*20,000)/(4*12%+10%)]*12%

Auto Loans=($2,000/(48%+10%)]*12%

Auto Loans=($2,000/58%)*12%

Auto Loans= $3,448.3*12%

Auto Loans=$413.80

Based on the above calculation Homeowner loans amount of $1,655.2 is 4 times Auto Loans amount of $413.80

Therefore the total amount of loans of each type that Madison should extend to each category in order to maximize its returns are:

Housing million dollars $1,655.2

Automobile million dollars $413.80

A few months before, a major B2B supplier raised prices of its products 10 percent to cover changes in market conditions. He was surprised to find how the orders from his normal customers plummeted. His normal order was $1,100. After the price increase, the average order dropped by 25 percent. He became concerned that customers might look elsewhere. For this reason, he decided to start offering discounts. When one of his loyal customers, David, purchases $950 worth of product for his firm, the supplier gives David the terms "4/20 net 30." He wants to maintain his relationship with David and would ideally like to receive payment in less than a month. Refer to Scenario 19.3. Consider how the average order amount changed when prices were raised $75. The elasticity of demand is _______. With this in mind, the product can best be described as _______.

Answers

Answer:

Elastic demand

Explanation:

Elastic demand states when there is a change in the price of a product the quantity demanded changes. An increase in price may lead to a decrease in demand whereas, a decrease in price may lead to an increase in quantity demanded.

In this case we see when the B2B supplier increase its price, the orders dropped by 25%. Which proves that it is an elastic demand.

If an increase in price leads to no changes or increase in quantity demanded then it is called inelastic demand. Example: disease curing drugs.

Under a job order system of cost accounting, the dollar amount of the entry to transfer inventory from Work in Process to Finished Goods is the sum of the costs charged to all jobs:

Answers

Answer:

Under a job-order system of cost accounting, the dollar amount of the general ledger entry involved in the transfer of inventory from work-in-process to finished goods is the sum of the costs charged to all jobs - The entry to transfer inventory from WIP to FG is to debit finished goods and credit work-in- process.

Explanation:

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Which of the following is an example of money as a unit of account?a. purchasing a remote-controlled toy on sale for $8.99 b. lending your best friend $25.00 to buy a guitar c. opening a savings account at a bank that pays high interest d. comparing camera prices at different store before buying one

A good ________ for a business research project includes a work schedule, research strategy, and statement of the problem.

After John worked at a job for 10 years, his salary doubled. If he started at $x, his salary after 10 years is _____.$x $x + 2 $x - 2 $2x