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1 year ago

To be useful for decision making, information should possess the fundamental qualities of relevance and.

1 answer:

7 0

To be useful for decision making, information should possess the fundamental qualities of relevance and Faithful representation.

<h3>What is faithful representation?</h3>

Faithful representation can be defined as the financial accounting concept that stated a company financial position which they present should be correct with what the company has as their financial statement.

It is paramount that a company a financial statement is accurate to what they present in the financial statement and should not be compromise.

Therefore To be useful for decision making, information should possess the fundamental qualities of relevance and Faithful representation.

Learn more about Faithful representation here:brainly.com/question/14506917

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A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi

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Answer:

Y = $391.10

Explanation:

We have 0.125B(n-1) = i

B(n-1) = In = 142.78

So that B(n-1) = 142.78/0.125 = 1142.24

Furthermore, B(n-1) = Px = Pv = P/(1+0.125) = 1142.24

P/1.125 = 1142.24

P = 1142.24*1.125

P = 1285.02.

The total amount of the loan = Principal repaid as of time (n-1) + Principal repaid in last payment

= 6009.12 + 1142.24

= 7151.36

So, the total amount of the loan is 7151.36.

The principal repaid in the first payment Y = 1285.02 - 0.125*7151.36

Y = 1285.02 - 893.92

Y = $391.10

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2 years ago

You are analyzing a company that has cash of $8,800, accounts receivable of $15,800, fixed assets of $87,600, accounts payable o

nikdorinn [45]

Answer:

quick ratio = 0.61

Explanation:

given data

cash = $8,800

accounts receivable = $15,800

fixed assets = $87,600

accounts payable = $40,300

inventory = $46,900

solution

we get here quick ratio that is express as

quick ratio = (Cash + Accounts receivable) ÷ (Accounts Payable) .................1

put here value and we get

quick ratio = $\frac{8800+15800}{40300}$

quick ratio = 0.61

so correct option is c. 61

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2 years ago

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Explanation:

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2 years ago

When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as ________. third-degr

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