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3 years ago

10

Two of the characteristics of useful information are: a. flexibility and durability. b. clarity and confidentiality. c. redundan

cy and simplicity. d. relevance and timeliness.

1 answer:

charle [14.2K]3 years ago

6 0

Answer:

The answer is D.

<h3>Relevance and timeliness</h3>

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1. Peter applied for a job at an accounting firm and a consulting firm. He knows that 50% of similarly qualified applicants rece

DENIUS [597]

Answer:

75%

Explanation:

Assume that:

X is the probability that the Peter, qualified accountant would receive offer from the accounting firm AND

Y is the probability that the Peter, qualified accountant would receive offer from the consulting firm.

Here,

P(X) is 50%, P(Y) is 40% and P(X∪Y) is 60%

Now we want to find P(X/Y) = ?

We also know that:

P(X/Y) = P(X∩Y) <u>STEP1</u> / P(Y)

By putting values, we have:

P(X/Y) = 0.3 / 0.4 = 0.75 = 75%

<u>Step 1: Find P(X∩Y)</u>

P(X∪Y) = P(X) + P(Y) - P(X∩Y)

This implies that:

P(X∩Y) = P(X) + P(Y) - P(X∪Y)

By putting values we have:

P(X∩Y) = 0.5 + 0.4 - 0.6 = 0.3

5 0

3 years ago

Ziegler Company properly applies the lower of cost and net realizable value rule and determines that its inventory value has dec

vichka [17]

Answer:

A) Recognize the write-down as a separate line item.

Explanation:

IAS 2 Accounting for Inventory requires that inventory be recognized at the lower of cost or net realizable value. Inventory is a balance sheet item which is initially recognized at cost.

However, once there is an indication that the cost is lower than the net realizable value, the carrying amount of inventory is written down with the write off recognized as a separate line in the P/l and not as an addition to the cost of goods sold.

Hence the right option is A) Recognize the write-down as a separate line item.

8 0

3 years ago

Name any four roles (functions) of money

andrezito [222]

Answer:Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.

Explanation:

6 0

3 years ago

A listing given to any number of brokers without liability to compensate any broker, except the one who first secures a buyer re

german

Answer:OPEN LISTING

Explanation:

Open listing is a term used in the Marketing of securities like bonds,stocks and other marketable securities and real estates, in this type of listing it is made open to all the brokers available who are ready to help facilitate the sale.

Compensation can only be paid to the Broker who first brings the buyer of the listing. A broker is compensated based on the amount made buy the owner of the listing.

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3 years ago

Gary did not pay his past three payments on his mortgage. What is the possible consequence he is facing?

Lapatulllka [165]

Answer: Foreclosure

Foreclosure refers to a bank’s act of taking possession of a mortgaged property when the mortgage holder fails to make the monthly mortgage payments.

Foreclosure occurs when a home owner does not pay his monthly loan instalments for three consecutive months.

It is a legal process in which the home owner loses the ownership of the property and the banker gets the right to sell off the property in order to make up the loss on account of non payment.

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3 years ago