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CaHeK987 [17]
3 years ago
11

Under Statement of Financial Accounting Concepts No. 8, the ability through consensus of measures to ensure that information rep

resents what it purports to represent is an example of the concept of
Business
1 answer:
FromTheMoon [43]3 years ago
5 0

Answer:

Faithful representation

Explanation:

Financial reports represent economic phenomena in words and numbers. To be useful, financial information not only must represent relevant phenomena, but it also must faithfully represent the phenomena that it purports to represent. To be a perfectly faithful representation, a representation would have three characteristics; It would be complete, neutral, and free from error.

A complete representation includes all information necessary for a user to

understand the phenomenon being represented, including all necessary descriptions and explanations.

A neutral representation is without bias in the selection or presentation of financial information.

Free from error means there are no errors or omissions in the description of the phenomenon, and the process used to produce the reported information has

been selected and applied with no errors in the process.

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A lower expected return means a higher risk will have to be accepted. true false
Alex777 [14]

The statement "A lower expected return means a higher risk will have to be accepted. " Is false. This is further explained below.

<h3>What is the expected return?</h3>

Generally, According to the proverb, "A lower projected return indicates a bigger risk will need to be taken." Is false

In conclusion, The amount of profit or loss that an investor might anticipate obtaining as a result of the investment is referred to as the anticipated return. To get an anticipated return, first, multiply all of the possible outcomes by the percentage chance that each one will occur, and then add up all of those products. It is impossible to provide a guarantee on expected returns.

Read more about the expected return

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8 0
2 years ago
The delivered equipment cost for setting up a production and assembly line for two-way floating ball valves is $650,000. If the
Rom4ik [11]

Answer:

$2,034,500 ; A

Explanation:

In this question, we are asked to calculate cost estimate.

One of the methods which we can use to do this is the cost factor technique.

Mathematically, the estimated total cost will be;

Ct = hCe

Where Ce refers to cost at major equipment and h is the overall cost factor.

From the question, we can identify the following;

Ce is $650,000 while h = 1.82 + 1 + 0.31 = 3.13

Inputing these values in the formula, we have;

Ct = $650,000 * 3.13 = $2,034,500

4 0
4 years ago
Read 2 more answers
Three Square Market, a Wisconsin-based tech firm, made headlines after they offered implantable microchips to its employees. The
IceJOKER [234]

Answer:

True.

Explanation:

Although the implantation of microchips in humans is a great technological advance that is gradually being added to our society, this technology raises many concerns that are the main causes of rejection of this technology.

Many people reject the placement of bio microchips for religious reasons, but in addition, there is no type of legislation that regulates these processes which can result in abuse, invasion of privacy and other illegal issues. Finally, many people complain about the lack of information about the physical, chemical and biological consequences that a body with microchips can have.

3 0
3 years ago
Define or critique the following stayement “people who are unable to put aside their own interests should not be on teams”
Aleks04 [339]

We sat down with Nguyen to get his perspective on everything from the ... As Bitcoin SV has emerged as its own separate chain and token, there's been a lot of .... Those elements together define, for me, what Bitcoin is and should be. ... that network did not follow the path for many years and veered away ...

8 0
3 years ago
Suppose the price of gasoline is $3.50 per gallon, the quantity of gasoline demanded is 150 billion gallons per year, the price
Fofino [41]

Answer:

government revenue $148,071,428,860

Explanation:

Theincremental price is 0.75/3.50 = 0,2142857

from that we get that Quantity demanded will be of

Q_0 \times  (1 + $price variation  \times $ demand elasticity) = Q_1

150 billion x (1 + 0.2142857 x -0.06) = 148.0714286

Now that we got the quantity of gallon sold we multiply by the tax of $1 per gallon thus, 148,071,428,860 will be the revenue for the government

8 0
4 years ago
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