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2 years ago

The two primary decision-specific qualities that make accounting information useful are:________

1 answer:

6 0

The most important decision-specific characteristics that make accounting information helpful are relevance and faithful depiction.

Accounting data is the information that is recorded in the books of accounts and is utilized by management to make decisions. Financial statements are created using this data.

The information provided should be pertinent to the financial statement users and aid in their decision-making. Users may rely on the reported information to develop their opinions and make decisions because dependability guarantees that correct information is reported. According to the feature of relevance, the information must be both confirmatory and predictive in order for users to make and assess economic decisions. The type and substance of information have an impact on its relevance. A depiction would need to have three qualities in order to be an exact replica. It would be whole, impartial, and error-free.

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What are the verbs in this sentence their fur helps them defend themselves

LenKa [72]

Helps and defends.......................

5 0

3 years ago

Read 2 more answers

Siskiyou, inc. Has total current assets of $1,200,000; total current liabilities of $500,000; and long term assets of $800,000.

JulijaS [17]

the firm's total liabilities & equity is $2,000,000.

Given,

total current assets = $1,200,000

long-term assets = $800,000

total current liabilities = $500,000

Using the Accounting equation:

Assets = Liabilities + Equity

Now, substituting the values in the above equation.

Also. remember total assets include both current and long term assets.

Therefore, $1,200,000 + $800,000 = Liabilities + Equity

Liabilities + Equity = $2,000,000

The entire assets of a corporation are equal to the sum of its liabilities and shareholders' equity, according to the accounting equation.

Hence, the firm's total liabilities & equity is $2,000,000.

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3 0

2 years ago

Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.

vekshin1

Answer:

$210

Explanation:

Date Description Units Price Total Balance

1-Jun Opening 15 $12 $180 $180

5-Jun Purchase 10 $13 $130 $310

12-Jun Purchase 20 $14 $280 $590

17-Jun *Sale -30 -$380 $210

*Working

Sale

Date Units Price Total

17-Jun -15 $12 $(180)

-10 $13 $(130)

-5 $14 $(70)

Total Sale -30 -$380

So, the correct answer is $210.

3 0

4 years ago

Keynes argued that the downward slope of the demand for money curve depends on the?

Naya [18.7K]

Keynes argued that the downward slope of the demand for money curve depends on the rate of interest.

<h3>What is money curve?</h3>

A vertical curve that depicts the relationship between the supply of money and the interest rate; because the money supply is under the control of the central bank, it is unaffected by changes in the interest rate. The level of income and real GDP, the level of prices, expectations, transfer costs, and preferences are some of the most significant factors that might alter the demand for money.

Because the Fed determines the amount of money that is accessible without taking the value of money into account, the money supply curve is vertical. The downward slope of the money demand curve results from consumers having to carry more cash to make purchases when the cost of goods and services rises as the value of money declines.

Due to the inverse link between the amount of money demanded and the interest rate, the money demand curve has a negative slope. In other words, the interest rate, which stands for the opportunity cost of holding money, causes the money demand curve to slope downward.

The demand curve has a downward slope, which indicates that as the price falls, demand will rise. The demand curve has a decreasing slope since quantity is plotted on the x-axis and price is plotted on the y-axis.

Hence, Keynes argued that the downward slope of the demand for money curve depends on the rate of interest.

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6 0

2 years ago

Tony goes to the freezer and takes out a new type of frozen microwavable pizza that he bought recently. Instead of just taking t

Snezhnost [94]

<h3>Hello there!</h3>

Your question asks what type of function the new pizza box is performing.

<h3>Answer: Facilitate use</h3>

The reason why "Facilitate use" is the correct answer is because this is what the pizza box is performing to Tony.

Facilitate means to make something easier, and this is what the pizza box is doing to Tony; making the pizza easier to handle.

Things that made Tony's experience easier:

Pizza box can make a handle

Used a serrated metal edge from the pizza box to cut the pizza

With the things that the box does above, it made Tony's experience with the pizza a lot more easier.

The pizza box allowed Tony to have a handle to carry around the pizza so he doesn't burn himself while in the process. The pizza box also allowed Tony to easily get a hold of a sharp object to cut the pizza in slices, so he doesn't have to waste any time to go get a knife in his kitchen, and having to wash it afterwards.

After Tony is done with the pizza, he could just throw the box away with know trash or washing to do, simple as that. This pizza box allowed Tony to have an easier experience.

<h3>I hope this helps!</h3><h3>Best regards, </h3><h3>MasterInvestor</h3>

5 0

4 years ago