The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.
According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.
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Answer:
You agree that test marketing could be helpful, but you point out that it may also reveal your ideas to your competitors.
Explanation:
In the give scenario the existing famous cheesy butter biscuits sales are going down. In an effort to increase the revenue of the business the head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States.
This is an innovative solution to the problem and the head of product development should be encouraged to drive the test marketing.
However marketing a lower-fat version of the biscuits at select locations in eight major cities will expose the strategy to competitors. It will be better to conduct the test in a more controlled environment away from competitors.
Answer:
Explanation:
What is given:
Demand Prob Cumulative Prob
5 0.25 0.25
10 0.45 0.70
15 0.20 0.90
20 0.10 1.00
Cost of underage or profit lost, Cu = Selling price - Cost per dozen = 10 - 6.35 = 3.65
Cost of overage or cost of a lost sale, Co = Cost per dozen - Salvage value = 6.35 - 2 = 4.35
The critical fractile CF = Cu / (Co + Cu) = 3.65 / (4.35 + 3.65) = 0.456
For the order quantity to become optimal it shoud be greater than or equal to the CF.
Let's see when this happens:
Demand (dozens) Prob Cumulative Prob
5 0.25 0.25 < 0.456
10 0.45 0.70 > 0.456
15 0.20 0.90
20 0.10 1.00
This hapeens for 10 dozens of order size.
Answer:
No his parents aren't exactly right, a college is far more expensive, not only money wise, but also time wise. These programs/bootcamps can get you started in web design, and make sure you pass with a certificate and fully understand the topic, and they only take around a 2 - 5 months.
Answer:
Explanation:
The solution to the above problem is shown in the attached picture below. It is because of the arrangement i had ti use pen and book. Thank you
