1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
polet [3.4K]
3 years ago
7

Does GAAP routinely require companies to disclosure forecasts of financial variables to external users? Indicate yes or no and e

xplain how your answer relates to the qualitative characteristics of accounting information.
Business
1 answer:
Andrei [34K]3 years ago
4 0

Answer:

No, they don´t.

Explanation:

Forecast is not required by GAAP, as the <u>Relevance</u> and the <u>Faithful</u> <u>Representation</u> are concepts that are not compatible with data projection.  Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.

You might be interested in
Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by
GREYUIT [131]

Answer:

(C) doing both of the above

Explanation:

When dealers "make a market", they do so by providing liquidity in a market that may lack such. Liquidity measures the ease with which participants can buy and sell in a market. Thus, by making a market, a dealer buys stocks for inventory when investors want to sell, and sells stocks from inventory when investors want to buy.

6 0
3 years ago
The main purpose of insurance policies that are protected by COBRA is to:
irinina [24]

Insurance policies that are covered by COBRA are done to D. extend insurance coverage if a worker loses their job.

<h3>What is the purpose of COBRA?</h3>

The Consolidated Omnibus Budget Reconciliation Act (COBRA) protects workers in the event that they lose their jobs for certain reasons.

This protection comes in the form of the worker and their families being able to access the health insurance benefits they had while the worker was working. This access will eventually lapse however.

Find out more on COBRA at brainly.com/question/6294682.

7 0
2 years ago
When the price of candy bars is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demande
Wittaler [7]

Answer:

The demand for candy bars is inelastic

Explanation:

The midpoint rule calculate the price elasticity of demand as percentage change in quantity divided by the percentage change in price:

<u>% change in quantity </u>

\frac{Q_2-Q_1}{ \frac{Q_2 + Q_1}{2} }  \times 100

The quantity demanded increased from 500 to 600. We have

Q_1 = 500 \: and \: Q_2 = 600

\implies \frac{600 - 500}{ \frac{600 + 500}{2} }  \times 100 \\  =  \frac{100}{ \frac{1100}{2} } \\  =  \frac{100}{550} \\  =  \frac{2}{11}

<u>% change in price</u>

\frac{P_2-P_1}{ \frac{P_2 + P_1}{2} }  \times 100

The price changed from 1 dollar to 0.8 dollars.

\frac{0.8 - 1}{ \frac{0.8 + 1}{2} } =  -  \frac{2}{9}

Price elasticity if demand is

\frac{ \frac{2}{11} \%}{  - \frac{2}{9} \%}  =  -  \frac{9}{11}  =  - 0.82

The negative sign tells us that there is an inverse relationship between price and quantity demanded.

Since 0.82 is less than 1, the demand for candy bars is inelastic

5 0
3 years ago
Which of the following occupations is among the 10 projected most rapidly declining U.S. occupations in terms of percentage decr
NemiM [27]

Answer:

Postal service mall sorters and processors is the correct answer for the following.

Explanation:

  • A postal worker would be someone who receives, philtres and handles mail and sells mail items.
  • These include such roles as postal hoppers and agents, mail carriers, developers, and assembly line workers.
  • Workers at the Postal Service collect and prepare mail for shipment to homes, companies and boxes at the post office.

Therefor, the Postal service is the correct answer.

6 0
3 years ago
In an enterprise-class database system, reports are created by ________.
Kisachek [45]
Reports are created by the data base application in an enterprise-class database system.
When there is a huge collection of data, large organizations and enterprises used this system to manage their data. The user, data base, data base management system, data base application, these all are the basic components of this system.
3 0
3 years ago
Other questions:
  • In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of t
    5·1 answer
  • Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $40,200 cash and equipmen
    12·1 answer
  • Rational ignorance refers to voter-citizens choosing to be uninformed about politics and government on an individual basis becau
    5·1 answer
  • Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea
    6·1 answer
  • Which of the following is the best definition of marketing research? A) The process of analyzing secondary information and provi
    5·1 answer
  • If psychologists find that rich people are less satisfied with their jobs compared to poor people, this would mean that wealth a
    6·1 answer
  • Entrepreneurial development is the key to achieve all-round
    6·1 answer
  • DRM is a collection of techniques that control uses of intellectual property in digital formats and includes hardware and softwa
    7·1 answer
  • Dow CEO Jim Fitterling mentions a(n) _____ in support of companies' efforts to remove plastic waste from the oceans.
    13·1 answer
  • Listing contracts, disclosures, and seller net sheets all have to do with<br> an understanding of:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!