The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.
According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.
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Answer: A. His or her team's performance
Explanation: Usually, when being a team leader, a person is assigned to do some kind of task (depending on a company) along with his other colleagues. He is there to elaborate about the topic and make a decision on how it's going to be presented. Teammates are usually the ones that make suggestions about certain things that include the project. He is the one that represents the whole team and it all ''falls'' on his back if it doesn't go right.
The correct answer for this question is this one:
<span><u>incorporation</u>
Hillary needs to buy an oven for her bakery. She compares the prices, maintenance costs, and power consumption of three ovens. She compares the loan terms offered on them. Finally, she settles for the one that will offer the best value for the money in the long run.
<u /></span><u>consumer sovereignty</u><span>
Ramona International wants to raise about $20 million. It sells shares of company stock in the stock market and brings many new shareholders onboard.
</span><u>total cost of ownership</u>
<span>Maxima and Hercules are rival companies that make protein shakes. People love Maxima protein shakes because they are delicious and packaged attractively. Hercules protein shakes fail to impress most people. Soon, Hercules has to cut production of its protein shakes and focus on other products.
</span>
Hope this helps answer your question and have a nice day ahead.
Answer:
Not entitled
Explanation:
Given that
Number of shares purchased = 380 shares
Par value of share = $28.80 per share
Worth per share = $3.60 per share
By considering the above information, the Barney is not eligible for the deduction as there is no share is sold i.e only purchase value of the share and the worth per share is given.
So, he is not entitled to any loss this year
Answer:
What is the term used to describe product attributes that attract certain customers and can be used to form the competitive position of a firm?
Competitive dimensions.
Explanation:
In the business world, there are companies that sell products that are used for the same things. The companies in this types of environments are in competition with each other since they are all fighting over the same resource which is market share. A bigger market share usually translates to more customers and more sales. Bigger sales reflects to a bigger profit margin. For a company to have a bigger market share, there are a number of things that they can do to form the competitive position of their firm. They can do this by using product attributes that attract certain customers, a situation termed competitive dimensions.
The following competitive dimensions can be considered, namely;
1. Quality: companies can focus on the quality of their product by improving the quality of the features above the competition. In this way some customers might consider opting for that product because of its perceived quality. The major features of quality are: reliability, performance, serviceability and value for money.
2. Time: the following form the major components of time, namely; delivery time, manufacturing lead-time and frequency of delivery.
3. Price and cost: these include selling price and the service costs.
