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Schach [20]
3 years ago
13

The conservatism constraint prescribes that:

Business
1 answer:
slava [35]3 years ago
6 0

Option E

The conservatism constraint prescribes that: When multiple estimates of amounts to be received or paid in the future are equally likely, then the least optimistic amount should be used.

<h3><u>Explanation:</u></h3>

Conservatism constraint designates the aid of the less optimistic amount when more extra than unity assessment of the amount to be collected or repaid endures and these assessments are thereby uniformly likely.

The conservatism constraint suggests that, all annexes equal, we require to choose the postulate that is more moderate for assets and more leading for liabilities, these hypotheses forming the company resemble worse or most traditional. Conservatism constraint restricts the opportunity of economic statements being proffered that are emphasized, an overstatement that investors could perform on.

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How do you do you do a budget​
givi [52]

Note your net income

The first step in creating a budget is to identify the amount of money you have coming in. Remember to subtract your deductions, such as for Social Security, taxes, 401 and flexible spending account allocations, when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.

Track your spending

It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back. Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments.

It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.

Set your goals

Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help.

Make a plan

With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses. You might choose to break down your expenses even further, between things you need to have and things you want to have.

Adjust your habits if necessary

Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals. Want-to-have expenses are the first area to look for spending cuts. Try adjusting the numbers you’ve tracked to see how much money that frees up.

Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.

Keep checking in

Whatever the reason, keep checking in with your budget following the steps above.

3 0
3 years ago
Read 2 more answers
During which stage does the firm gear up for full-scale production, distribution, and promotions?
RideAnS [48]

During Commercialization the firm gear up for full-scale production, distribution, and promotions.

The lifespan of a product is known as its life cycle. It starts during the product's development and concludes when it has been taken off the market. The process a product goes through from the time it is first introduced to the market until it decreases or is removed from the market is known as the product life cycle. Introduction, growth, maturity, and decline are the four phases of the product life cycle.

Commercialization is the final stage in the process where the new product will be introduced, full scale, to the market.

To know more about Product life cycle refer:

brainly.com/question/17485582

#SPJ4

5 0
2 years ago
Aspen Integrated Marketing used to have a strict hierarchical structure, with the information given only to those who required i
Dennis_Churaev [7]

Answer: d. open-book management.

Explanation:

OPEN-BOOK MANAGEMENT is a style of management where employees are given financial information on the company to help them perform better.

The concept is rooted in a theory that workers tend to have more motivation and be more productive when they feel as though they are being treated like Business partners who are usually the ones with access to such data as opposed to employees who usually do not.

5 0
3 years ago
Which of the following identified in an analysis of the general environment is an opportunity for an entrepreneur who wishes to
Nezavi [6.7K]

Answer:

c.a chiropractor and two independent physical therapists are located in his community

Explanation:

Certainly this entrepreneur should share data, community information and health specific knowledge with these therapists.

7 0
3 years ago
What are the five components of internal control briefly explain each component?
vladimir2022 [97]

Answer: The five components of internal control are control environment, risk assessment, control activities, information and communication, and monitoring.

Explanation:

The five components of internal control are control environment, risk assessment, control activities, information and communication, and monitoring.

Control environment; is also known as internal control environment. These are set of standards and structures that guides the basis of carrying out internal control within an organization. It is the awareness, attitude and action of the management team regarding internal control and it's relevance to the organization

Risk assessment is used to describe the process and method of identifying hazard and risk which have potentials to raise harm in an environment

Control activities are policies, techniques and procedures that are pit in place to manage or reduce risk in an environment. Their actions carried out to minimize or limit risk in an environment

Information and communication is a method of information being passed through systems by means of communication. To place everyone involved in the system enlightened by communicating properly to them.

Monitoring is the act of observing a process to control both success and failure that may tend to arise within the process.

4 0
3 years ago
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