Answer:
b. Those who have a reasonable understanding of business and economic activities
Explanation:
Financial statements by an entity should be prepared in such a way so as to enhance their understandability aspect and help in better comprehension and interpretation of financial information by the users.
The above objective can be met by providing detailed disclosures and appropriate notes to accounts as required by laws and statues i.e financial reporting framework.
Understandability refers to the fact that those individuals who have limited financial knowledge should be able to comprehend the presented information as intended and should be able to draw out reasonable conclusions from their understanding of the same.
<span>For a branch that processes 60,000 transactions, the total teller cost is $1.6 per transaction. At 70,000 transactions, the teller cost is $1.37 per transaction. At 80,000, it's $1.2, and at 90,000, it's $1.06. The teller cost is fixed, as it's always $96,000, but the transaction number is variable, as it changes.</span>
The answer is strongest when the economy is at full employment.
the term is used to describe the public-sector spending. It means that purchases would be relatively high when more are employed. They have the capability to acquire the product. It can also be done by borrowing money and lenders can only borrow if their remuneration is sufficient to pay the loan. Another is if they had increased compensation, which makes them buy more than before.
Answer:
4. Your house - MONEY IS THE MOST LIQUID ASSET THAT CAN EXIST
2. The funds in a savings account - MOST SAVINGS ACCOUNTS ALLOW THEIR CLIENTS A CERTAIN NUMBER OF WITHDRAWALS OR ELECTRONIC TRANSFERS PER MONTH, SO MONEY AT A SAVINGS ACCOUNT IS ALSO VERY LIQUID.
1. A bond issued by a publicly traded company - THE COMPLETE PROCESS OF SELLING A BOND MAY TAKE FROM ONE FULL DAY TO A FEW DAYS, SINCE FIRST YOUR TRADER MUST SELL THE BOND AND THEN THEY MUST TRANSFER THE MONEY TO YOUR ACCOUNT. STILL BONDS ARE LIQUID ASSETS.
4. Your house - SELLING A HOUSE IS A LONG PROCESS THAT CAN TAKE A FEW DAYS (AT BEST) TO SEVERAL MONTHS, SO A HOUSE IS NOT A VERY LIQUID ASSET.
