Reliability requires that the information should be accurate and true and fair, neutral and unbiased, verifiable and using the same method would come up with similar results or numbers. Reliable information includes information from experts in the field
, information from recognized and reputable organizations
and information that can be verified by other sources.It's important to use information that is both reliable and relevant when making financial decisions.
Answer:
omg that would be awesome tbh
<span>A bank is legally required to hold a fraction of its deposits as required reserves. These regulations are a requirement and set by most banks around the world. They set minimum amounts that must be held all the type to serve as a reserve in case of an </span>emergency.
Answer:
Tiny computer chips that transmit information about the contents of containers.
Explanation:
Radio frequency identification tags refer to tiny chips that utilize electromagnetic fields so as to automatically trace and identify tags attached with objects.
The technology uses radio waves so as to read or capture stored details of a tag attached with an object.
A tag is capable of being read even while away by several feets.
Radio frequency tags are of two kinds, passive and battery powered. While a passive tag uses radio wave energy so as to relay the stored details back to interrogator.
Whereas a battery powered tag includes an embedded battery which powers such relay of details.
Answer with Explanation:
Foreign exchange rates can have significant impact on the company's financial statements because the spot rate at that date can be affect the value of the company's assets. It is very common in consolidated financial statement of a multinational companies.
The impact on the financial statements can be as under:
- The fluctuation in currency value can under or over statement of assets. liabilities and Income & Expenses.
- The fluctuation makes the analysis of the financial statements meaningless. The performance of the company in a consolidated statement will be in a state that would not be better understood or time consuming by experts to develop understanding of what the financial statement is saying. It would be difficult for an ordinary person to understand the performance of the business.
- It can also also manipulate the value of the assets of the company because increase in devaluation of the currency means increase in inflation and vice versa.
- The value of the company acquired can be affected significantly which means that the investment (value of whole company) can turn into significant losses which means it can result reporting losses of in a consolidated financial statement. This would also result in decrease in the stock value of the group as a whole.
