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GREYUIT [131]
3 years ago
6

The use of accounting information as a tool to communicate without providing any influence that would sway a decision is called

_____________.
Business
1 answer:
svp [43]3 years ago
6 0

Answer:

neutrality.

Explanation:

Information contained in the financial statements must be free from bias. It should reflect a balanced view of the affairs of the company without attempting to present them in a favored light. Information may be deliberately biased or systematically biased.  It is important accounting concept, which means that financial data presented in the financial statements must be clear. It has to be ensured that users without any specific accounting knowledge and specific education are able to understand the information, which is provided.  In case there are certain difficult or complex items included in the financial statements, they should be explained in the notes to the financial statements. he other two accounting concepts applicable to preparation of financial statements is relevance and reliability. The essence of this concept is that only relevant information, which might be useful for the users of financial statements should be presented thereof. Information presented in the financial statement also should be reliable.  All economic substance of the event, transaction must be reflected. Financial statements must include complete records about the business, its results of operations, assets and liabilities and equity.

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Adventure Travel signed a​ 14%, 10-year note for​ $152,000. The company paid an installment of​ $2,200 for the first month. Afte
Likurg_2 [28]

Answer:

The principal​ balance is $151,573

Explanation:

For computing the principal balance, we need the following calculation which is shown below:

1. First we have to compute the 1 month interest payment which equals to

= Note amount × rate × 1 month ÷ total months in a year

= $152,000 × 14% × 1 ÷ 12

= 1773.33

2. Now deduct the first month interest  from installment amount which equals to

= Installment amount - Interest amount

= $2,200 - $1773.33

= $426.67

3. Now subtract step 2 amount from notes amount which equals to

= Notes amount - principal amount

= $152,000 - $426.67

= $151,573.33

Hence, the principal​ balance is $151,573

5 0
3 years ago
Clancy sells shares in Darling Pool & Spa Company to Eton. Clancy does not deliver the actual possession of the shares to Et
Norma-Jean [14]

Answer: constructive delivery

Explanation: In simple words, constructive delivery refers to the actions when one individual transfers the tile to other by operation of law when the actual delivery is not possible in the situation.

Such deliveries are a concern for the jury and are usually constituted by them as one needs a third party to study in detail the facts and law relating to the transfer.

Thus, from the above we can conclude that the correct option is B .

8 0
3 years ago
Marissa, a human resource manager, has been reviewing her company’s performance management system to see how it can be improved.
Margaret [11]

Answer:

B. Are the performance measures fair?

Explanation:

In order to know whether the methods used by the system are acceptable to both the supervisor and employees, the best question Marissa can ask about the method used is if it is fair? Fair here indicates whether the supervisor or employees think the performance measures or method used isn't bias and shows no favouritism or discrimination. The level of fairness shows/determines the acceptability of employees on the performance measures.

8 0
2 years ago
A nursery has $40,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 27% and the profit on a
Afina-wow [57]

Answer: The amount invested in the dogwood tree was $5000, while $35000 was invested in the red maple tree.

We arrive at the answer as follows:

Let the proportion of dogwood trees be x.

Then the proportion of red maple trees in the nursery will be 1-x, since there are only two types of trees in the nursery.

We use the following formula to find the proportion dogwood and maple trees in the nursery:

20 = 27x + 19(1-x)

Solving for x we get

20 = 27x + 19 - 19x

x = \frac{1}{8}

We can find the proportion of maple trees as follows:

1 - \frac{1}{8} = \frac{7}{8}

Since we have the proportions, we can easily find the amount invested in type of tree as follows:

Dogwood = 40000*\frac{1}{8} = 5000

Red Maple tree = 40000*\frac{7}{8} = 35000

5 0
3 years ago
Which of the following will NOT cause a shift in the demand curve for good X?
sammy [17]

Answer:

A. A change in the price of good X. 

Explanation:

A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.

If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.

If income increases, and good x is a normal good, the demand curve would shift to the right.

If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.

I hope my answer helps.

4 0
3 years ago
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