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Bogdan [553]
3 years ago
14

The enhancing qualitative characteristic of understandability means that information should be understood by: a. Those who are e

xperts in the interpretation of financial information. b. Those who have a reasonable understanding of business and economic activities. c. Financial analysts.
Business
1 answer:
olga2289 [7]3 years ago
3 0

Answer:

b. Those who have a reasonable understanding of business and economic activities

Explanation:

Financial statements by an entity should be prepared in such a way so as to enhance their understandability aspect and help in better comprehension and interpretation of financial information by the users.

The above objective can be met by providing detailed disclosures and appropriate notes to accounts as required by laws and statues i.e financial reporting framework.

Understandability refers to the fact that those individuals who have limited financial knowledge should be able to comprehend the presented information as intended and should be able to draw out reasonable conclusions from their understanding of the same.

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Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day’s net asset value (NAV), and or
AnnZ [28]

Answer: Forward pricing

Explanation:

Forward pricing is a policy in the mutual funds industry where by companies that are investing are mandated to buy or sell orders based on the end net asset value for the day. It is a policy developed by SEC (Securities and Exchange Commission) supported by Rule 22(C) (1) also known as Forward pricing rule. This rule helps to lessen the severity of dilution on shareholders and also help mutual funds operations to run efficiently

8 0
3 years ago
What is the difference between Special warranty deed vs general warranty deed
GenaCL600 [577]

General warranty deed  and Special warranty deed are warranty deeds used for real estate sales where belongings, either residential or commercial, is transferred between organization unacquainted with each other. Possession of a property is transferred from the seller to the buyer with definite assurance against future problems or claims, which will defend the buyer against fraud.  

However, the assurance in a General warranty deed will cover the belongings entire previous account, the  Special warranty deed will only covers the time period for which the seller owned it. While the seller in a General warranty deed has to protect the title against all other assertion and compensate the buyer for any tentative debts or amends, the seller in Special warranty deed is only responsible for debts and problems accumulated or caused during his possession of the belongings.

6 0
3 years ago
What are the six segments of the travel industry? Give examples of each.
Anna007 [38]
There are actually 8 and here the are: 

Mobile 
Social Media 
Online 
Airlines 
Hospitality 
Corporate Travel 
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4 0
3 years ago
Read 2 more answers
Using the example of your university, give examples of information systems for each of the three levels of scope (workgroup, ent
Alex73 [517]

Answer:

Three levels of information systems at university include:

1. The students ICT unit (workgroup)

2. The departmental ICT units (enterprise)

3. The examination and records unit (inter enterprise)

Explanation:

The students ICT units and lab works together by communicating with one another in terms of file transfer, content chat systems and temporal record I keeping and processing.

The departmental information system operates at the higher level as an enterprise because at this stage the users at the work stations can no longer have full access to the platform because it is redefined to accommodate academic and non academic staff who are very useful in managing the data content, as well as keeping the security of these content intact against any form of security threats.

The examination and records unit on the final and higher level is the home server for all information systems security, backup and archive and the communication level regarded as the inter enterprise units. It is the final resort point when every other means of information and record keeping becomes threatened. Hence it is seen as the collation, record keeping and transfer point between one enterprise or department to the other.

7 0
4 years ago
The presence of formal labor organizations in the united states dates back to the
ivann1987 [24]
HEY THERE. 

THE CORRECT ANSWER IS <span>The presence of formal labor organizations in the united states dates back to the LATE 1700S 

HOPE IT HELPS THANK YOU :)
</span>
6 0
3 years ago
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