<span>This process of seeking information and leaving the data that do not help is called as Confirmation bias. This can be a search of information or interpretation of the data that suit satisfies the already existing belief system. This is simply said as "people will believe what they want to believe".</span>
Answer:
inventory = 0.125
Explanation:
It is asking us to express the inventory as a percent of sales
Th common-size statement refer to express each valeu a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
the answer should be a decimal so we don't covert to percent.
You don’t ask to be born but are expected to do everything asked of you
Answer:
Accounting information helps users make business and financial decisions.
Explanation:
Users of accounting information are divided into :
- Internal users
- External users
Internal users include : owners, managers, employees
External users include : shareholders, tax authority, regulatory bodies
Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.
Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.
Answer:
False
Explanation:
Total debt in finance is the summation of the organization long term and short term debts. the total debt can be calculated theoretically as summation of current liabilities and total for long-term liabilities
Total credit is the summation of loans that organization can borrow.
Therefore, Total Debits do not always have to equal total credits. There are a handful of exceptions.