1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
1 year ago
9

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

Business
1 answer:
Nitella [24]1 year ago
7 0

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

<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  <u>Faithful representation</u>.

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

#SPJ1

You might be interested in
You manage a hotel resort located on the South Beach on the Island of Kauai in
GaryK [48]

Answer:

Classification of Projects

The projects are classified as shown below:

Strategy Project:

Strategy projects supports organizations long term mission. it helps in increasing market share and revenue. Among the given projects, the strategy projects are:

b. build a 4 mile nature hiking trail.

d. Launch a new promotional campaign with Hawaii Airlines.

e. Convert 12 adjacent acres into wildlife preserve.

g. Change hotel brochures to reflect Eco-tourism image.

i. Introduce wireless internet service in cafe and lounge areas.

Operational Projects:

These projects support current business operations. Among the given projects, the operational projects are:

c. Renovate horse bran.

Compliance Projects:

These are those must do projects to function under a particular category. Among the given projects, the compliance projects are:

a. Convert the pool heating system from electrical to solar power.

f. Update all bathrooms in condos that are 10 years old or older.

h. Test and revise disaster response plan.

Not all projects are easy to classify. There are always some things falling under more than one category. Categorizing projects will help us to prioritize the implementation of the same. Compliance projects should be done at any cost. The organization's view will be reflected in the strategy projects. Operational projects can be postponed if financial budget constraint exists but compliance cannot be postponed.

6 0
2 years ago
Legal capital is best defined as
Vanyuwa [196]

Answer:

b. the par value of all capital stock issued.

Explanation:

As per the business format, capital of a company is the value of share capital.

Now, also legal capital means the share capital issued as this reflects the legal share of individual investors in the company.

Authorized capital is the value of maximum capital that can be issued by the company in the form of equity shares.

Issued capital is that part of authorized capital that is actually issued.

And therefore, the par value that is the face value of shares issued, that is equity issued is the legal capital of the company.

7 0
3 years ago
All the airlines that fly to the island country of Klerwada distribute tourist information pamphlets in their flights. These pam
ivann1987 [24]

Answer:

Place Marketing

Explanation:

Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.

7 0
2 years ago
Which of the following would be considered to be the most liquid? small time deposits savings deposits checkable deposits money
Nikitich [7]

Answer:

Checking Accounts

Explanation:

Now lets break this down so you can understand more clearly.

Liquidity simply means the ability to convert any asset in to cash easily.

  1. Small Time Deposits: in USA, small deposits are deposits under $100,000 and "small time" means they are generally deposited for a limited time. like a year or for a quarter. They are liquid, but not as much as Checking accounts.
  2. Checking Accounts: The are designed to support in carrying out daily transactions and are almost equal to "money (cash in hand)". No interest is paid on the balance of these accounts. Moreover, you can use Cheques to do transactions as well.
  3. Money Market Mutual Funds: Mutual funds that invest in low risk debt securities such as Treasury Bills and Commercial Papers.
  4. Savings Accounts: These are deposits made in the intention of saving and bears a descent interest rate too. They are highly liquid too, as you can withdraw cash anytime you want. Yet compared with the Checking Accounts, not so much.

But remember, all the things you've mentioned here has a good liquidity. Checking Account is just "Super" liquid.

7 0
2 years ago
An increase in consumer desire for strawberries is most likely to:_______________.
chubhunter [2.5K]

An increase in consumer desire for strawberries is most likely to increase the number of strawberry pickers needed by farmers.

Option 1

<u>Explanation:</u>

Supply can be defined as the availability of services and goods at any given point of time in the market place. Demand is the desire or wants of the consumer to purchase services and goods and their ability to pay for the products.

Whenever the demand for the goods or services increases the supply for the same will increase gradually. Here, increase in the desire of the consumer for strawberries will most likely would increase the number of strawberry pickers needed by farmers.

Because whenever the need for the produce increases there should be an increase in the total number of strawberry pickers for a proper business cycle.

4 0
3 years ago
Other questions:
  • Acme Inc. and Beamer Company exchanged like-kind production assets. Acme’s asset had a $240,000 FMV and $117,300 adjusted tax ba
    8·1 answer
  • PC Bell, a computer manufacturer that sells computer systems directly to customers, buys a computer chip for $180, software for
    6·1 answer
  • Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the valu
    6·1 answer
  • Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something th
    15·1 answer
  • n the Baumol-Tobin model, if the nominal interest rate is 1%, the consumer's annual income is $36000, and every trip to the bank
    6·1 answer
  • Sandhill Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. D
    12·1 answer
  • Troy has $50 a month transferred electronically from his checking account to his savings account. This is an example of:
    6·1 answer
  • Economics is the study of a society's financial institutions. true or false​
    13·1 answer
  • Assume that it is January 1, 2019, and that the Mendoza Company is considering the replacement of a machine that has been used f
    10·1 answer
  • REV Co. is reviewing the accounting and disclosure requirements for its significant guarantees, commitments, and contingencies,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!