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2 years ago

The objective of general-purpose financial reporting in the conceptual framework is?

1 answer:

7 0

The objective of general-purpose financial reporting in the conceptual framework is to provide financial information about the entity to investors and lenders.

General-purpose financial reporting is the report that a business entity gives about its financial health, credit history, assets, etc. to present or prospective investors, lenders such as banks and financial institutions, to enable them to decide whether or not to provide loans to the entity or purchase shares in it.

The information may also be used by other entities such as credit analysts and stock market players. General-purpose financial statements may also include the income statement, balance sheet, record of cash flows, information about shareholder’s equity, and other disclosures.

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(a) Write down 5 projects you think will lend themselves well to a Cost Benefit Analysis. Include for each of them, reasons as t

kati45 [8]

Answer:

Food chain project, Tech startup, Road construction , expansion of clothing line, construction of dams

Investment in stocks, National economic planning , Railway construction , Employee housing, Investment in Insurance

C) The food chain project

D) Investment in stocks

Explanation:

A) 5 projects that will lend themselves well to a cost benefit analysis

Food chain project ; A food chain project can lend itself properly to cost benefit analysis, The owner or Financier of the project can estimate the exact costs to be incurred in adding various delicacies to the Food chain project and he can also evaluate the revenue that each delicacy can generate at a given time based on the demand hence cost benefit analysis can be applied here
A tech startup : A tech startup can effectively implement cost benefit analysis by evaluating the cost of employing programmers based on their input and the revenue expected to be generated from the Tech startup products.
Road construction project : A road construction project is usually broken down into different project phases and this phases help the project coordinator to have an overview of the cost benefit of the project.
Expansion of a clothing line : In The expansion of a clothing line Cost Benefit Analysis can be applied, I.e. the cost of setting up clothing stores in various regions will be calculated first and then the expected profits from those outlets can be determine within a period
construction of dams : The cost benefit analysis will compare the cost of building and the benefit / revenue to be generated in the long run

B) 5 projects that do not lend themselves to cost benefit analysis

Investment in stocks : The cost benefit analysis cannot be properly carried out in this can of project because some uncertainties associated with stocks
National economic planning project; Cost benefit analysis can not be properly implemented her because the sole aim of National economic planning is to sustain the economy and some uncertainties can erupt which was not included in the economic plan
Railway project : Due to the terrain of some areas the exact cost benefit analysis can not be properly implemented and also the scope of railway construction is broad in general.
Employee housing project : Cost benefit analysis cannot be implemented here because the housing project does not benefit the company that owns the building but just the employees
Investment in Insurance : The cost benefit analysis can not be properly implemented due to the uncertainties that life brings

C) In part A The best project for me is

The food chain project and this is due to is simplicity in analysis via the cost benefit analysis

D) In part B the Least project for me is

Investment in stocks and this is due to the Volatility and uncertainty surrounding stock investment and trading

5 0

3 years ago

Which is a characteristic of the factors of production?

balandron [24]

The answer is scarcity.

4 0

3 years ago

Ashbury Corporation reports 2016 and 2017 total revenues of $90.0 million and $100.8 million respectively. If we expect prior gr

Harman [31]

Answer:

B. 12%

Explanation:

Revenue in 2016 = $ 90 million

Revenue in 2017 = $ 100.8 million

Growth during 2016-17 = 100.8 million - 90 million

= $ 10.8 million

Same growth should persist for 2017 -18 which implies the gowth rate forecasted is same as growth rate during 2016-17.

Forecasted growth rate from 2017 to 18

= Growth rate during 2016-17

= (100.8 - 90)/90)

= 0.12

Therefore, we would forecast a revenue growth rate of 12%.

8 0

3 years ago

Tax that you pay when making a profit from selling a house is an example of

umka2103 [35]

The tax that the owner of the house has to pay at the time of making a profit from the sales of a house is an example of capital gain tax.

Further Explanation:

Capital Gain Tax:

Capital gain tax is a direct tax. It is levied on the capital gain earned at the time of the sales of fixed assets. Capital gain is the difference between the sales value and the purchase value of an asset. When the owner of an asset sells the asset in the market, and the sales price is higher than the purchase price, the difference is known as capital gain or profit. The government charges capital gain tax on the capital gain or profit. Capital gain tax varies from 0% to 20%. Capital gain tax differs from asset to asset.

Tax on the profit of sales of a house:

The tax on the profit of sales of a house is an example of capital gain tax.

House is a fixed asset. When the owner of the house sells it, the profit on the sales of the house is capital gain. The government would charge capital gain tax on the capital gain (profit) earned on the sales of the land.

Thus, the taxpayer has to pay capital gain tax on the profit earned from the sales of the house.

Learn more:

1. Learn more about the span of control

brainly.com/question/12986822

2. Learn more about the role of money

brainly.com/question/13004822

3. Learn more about the cash deficiency

brainly.com/question/12981857

Answer details:

Grade: High School

Subject: Taxation

Chapter: Capital Gain Tax

Keywords: Profit, tax, that you pay, from selling, a house, example of, direct tax, indirect tax, capital gain tax, taxation, capital gain, sales of the asset, profit from the sales of an asset.

6 0

3 years ago

Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the

Talja [164]

Answer:

c. $2,500 F

Explanation:

The computation of the revenue variance is shown below:

Particulars Flexible budget Actual Variance

Revenue $180,400 $182,900 $2,500 Favorable

($4,100 × 44 customers)

hence, the revenue variance is $2,500 favorable

hence, the option c is correct

3 0

3 years ago