The Great Depression changed attitudes toward the labor movement.

The following terms relate to the fundamental qualities of useful information. Match the key letter of the correct term with the

Bumek [7]

Answer:

1. Providing information that is not biased toward one position or another.

c. Neutral

As an accountant, you cannot prepare, record or select information in order to favor someone's personal interests.

2. Providing information before it loses its capacity to influence decisions.

d. Timely

Information must be available when it can influence future decisions. E.g. having a 2010 cost report today is useless if you are preparing next year's budget.

3. Providing information that is proven to be free from error.

b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

4. Providing information that would make a difference in a business decision.

g. Relevant

Relevant information should be material and be either predictive or confirmatory.

5. Provide information that accurately depicts what really happened.

b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

6. Providing information that confirms or corrects prior decisions.

a. Confirmatory value

It can be used to check, confirm or correct prior reports or evaluations.

7 0

3 years ago

Explain way economic deals with allocation and efficient utilization of scarce resources only?

solniwko [45]

Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.

<h3>How Microeconomics allocates scarce resources?</h3>

Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.

Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.

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3 0

2 years ago

When the first place team visits another team's stadium for a game, prices for seats to that game rise. This is called

alexgriva [62]

When the first-place team visits another team's stadium for a game, prices for seats to that game rise. This is called yield management pricing.

<h3>What do you mean by a price?</h3>

Price refers to the money that needs to be paid for acquiring any product or service.

When different seats are priced differently, it is known as yield management pricing. In simple words, it is a variable pricing strategy that is based on understanding, anticipating, and influencing consumer behavior for profit maximization.

So, when the first place team visits another team's stadium, prices for seats to that game rise is known as yield management pricing.

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5 0

2 years ago

Which of the following rules regarding filling out a job application is false? a. Read and follow instructions exactly b. Leave

Zolol [24]

Answer:

b

Explanation:

5 0

3 years ago

Read 2 more answers

Life, Inc. experienced the following events in Year 1, its first year of operation: Performed counseling services for $31,600 ca

nikitadnepr [17]

Answer:

The accounting equation states that "Assets=Capital Liabilities"

As a result, the equation here gives $11250 on both sides of the question.

The profit or loss statement gives net income of $11250 as well ,while the balance sheet has $11250 total as assets, the same as equity plus liabilities.

Finally,the statement of cash flow showed increase in cash and cash equivalent in the year as $9400.

The rent expense applicable to year 2 is the balance of prepaid rent which currently stood at $1850

Explanation:

Please find attached spreadsheet showing details regarding all the financial statements prepared in respect of Life Inc.

Download xlsx

7 0

3 years ago