Answer:
NEUTRALITY, COMPLETENESS AND FREE FROM ERRORS.
Explanation: IASB( International accounting standards board) is board regulating the preparation of accounting Reports or statements. It released its first framework called CONCEPTUAL FRAMEWORK in the year 1989.
The qualities of a faithful conceptual framework by IASB is to guarantee NEUTRALITY, COMPLETENESS AND ENSURE THAT THE STATEMENT IS FREE FROM ERRORS.
This framework will help to prevent disputes and manage standards in preparation of account statements.
In planning the database it is important to consider- what each table is 'about'.
Explanation: It becomes very important so that any sort of duplicate data can be avoided. These databases are the source which provides the information. It should be segregated into several subject based tables. Basically, databases provides the access to the accurate information and to provide accuracy one must be careful while creating. Every table is anyhow related to another.
Answer:
$300,00
Explanation:
In a situation where the interest rate is said to be 10% the amount that Martin must provide in order to fund this bequest will therefore be:
Bequest first year $9,000/(Interest rate 10%-
Increase of 7 % per year)
Hence:
$9,000/0.03
=$300,000
Therefore $300,00 will be provided to fund the bequest
Answer:
$7,650
Explanation:
Calculation for the marginal revenue product of the fifth unit of labor
Using this formula
Fifth unit of Labor marginal revenue product=Fifth Quantity of Output*Marginal Revenue
Let plug in the formula
Fifth unit of Labor marginal revenue product=1,530 *$5
Fifth unit of Labor marginal revenue product=$7,650
Therefore the marginal revenue product of the fifth unit of labor is $7,650
