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Naddik [55]
3 years ago
14

Economists make assumptions in order to Select one: a. mimic the methodologies employed by other scientists. b. minimize the num

ber of experiments that yield no useful data. c. minimize the likelihood that some aspect of the problem at hand is being overlooked. d. focus their thinking on the essence of the problem at hand.
Business
1 answer:
Deffense [45]3 years ago
6 0

Answer:

The correct answer would be option D, Focus their thinking on the essence of the problem at hand.

Explanation:

An economist is a person who has expertise or who is an expert in the field of Economics. The Economists make assumptions about the economies to focus their thinking on the essence of the problem they have at the moment. They predict the economy, they analyze the economy, they suggest solutions to the problems concerning the economy on the basis of their experience and the new studies being carried up by them. So for this purpose they make assumptions because they want to clearly analyze the situations and want to see what impact their decision will make on the economy, which give them a clear picture about the possible solutions of the problem they have at hand at the moment.

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On January 20, 2017, Tamira Nelson, the accountant for Picton Enterprises, is feeling pressure to complete the annual financial
Nataliya [291]

Answer:

this case tells us about some sort of pressures that accounts feel when financial statements are needed urgently

Explanation:

1) As for using low estimates, this step was wrong on her part. she should have been upfront in her estimates. for the items that she could not estimate there should have been an indication that such items were still under review, instead of doing what she did to give the financial estimate a good look. Using guesses or deliberately using low estimates was a bad idea, GAAP would never condone that.

She should have met with the president and let him know that finalization of the financial statements would not possible within the time frame that he has given. She could have also explain that such delays are normal and she would have given estimates of when the draft internal copy would be made available to him. such steps she took could have resulted in serious consequences for the company

2) I would not inflate or deflate the figures on purpose to make financial statements look better. If it is time to present the draft and final year-end financial statements I will have to tell the truth on the numbers and estimations used and also the reasons for that. i would have explained the constraints that i was facing. if i was still being pressurized by the president,  i would have no choice than to call it quits instead of going against the ethics of my profession, since there are both ethical and legal implications to not giving inaccurate financial statements.

3 0
3 years ago
An insurance settlement offer includes annual payments of $36,000, $42,000, and $50,000 over the next three years, respectively,
padilas [110]
It’s C bc u add up all the money
4 0
2 years ago
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HURRYYY!! The extent to which critical thinking skills are used is influenced by the learner's motivation to do well.
sukhopar [10]

Answer:

TRUE

Explanation:

Get out of my swamp!

5 0
3 years ago
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Which one of the following would NOT result in incremental cash flows and thus should NOT be included in the capital budgeting a
Talja [164]
I would say b is the answer
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Jiminy's Cricket Farm issued a 30-year, 6.5 percent semiannual bond 9 years ago. The bond currently sells for 108.5 percent of i
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