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
Andrew [12]
4 years ago
11

According to the FASB's conceptual framework, the quality of information that helps users increase the likelihood of correctly f

orecasting the outcome of past or present events is called
A. Representational faithfulness.

B. Comparability.

C. Predictive value.

D. Confirmatory value.
Business
1 answer:
Kisachek [45]4 years ago
4 0

Answer:

C. Predictive value.

Explanation:

Relevant information is able to make a difference in user decisions. To do so, it must have predictive value, confirmatory value, or both. Financial information has predictive value if it can be used as an input in a predictive process.

You might be interested in
You are the CEO of a small firm that manufactures office furniture. The decision-making authority in your firm rests almost enti
VARVARA [1.3K]

Answer:  The answer is "mechanistic".

Your firm has a "<em><u>mechanistic"</u></em> structure.

Explanation: The mechanistic organization, emphasizes the rules and tries to imitate the standardized operation of a machine. In this type of organization people have little autonomy and there is no room to improvise. Thus, the adoption of the chain of command principle allows the existence of a hierarchy of formal authority, where each person is controlled and supervised by a single superior.

Organizations that follow this model tend to be impersonal, rigid, and regulated.

4 0
3 years ago
BR Company has a contribution margin of 40%. Sales are $312,500, net operating income is $25,000, and average operating assets a
alexdok [17]

Answer:

A 12.5%

Explanation:

Given that:

Contribution margin = 40%

Sales = $312,500

Net operating income = $25,000

Average operating assets = $200,000

The formula for return on investment is

= Net operating income ÷ Average operating assets

= $25,000 ÷ $200,000

= 12.5%

Therefore, the company's net return on investment is 12.5%

4 0
3 years ago
Complete the statements regarding types of economies
Aleks04 [339]
In a "Free market" system, supply and demand forces affect the production and consumption decisions. There is little to no price control in such a system.

The first blank could also be "perfectly competitive" or "market efficient" system. The second blank can also be "deadweight loss".  This means that producers are price takers, not price makers, and that the quantity produced and the equilibrium price of goods are determined by the free market. Usually this implies a very large number of firms producing identical products, with no collusion among them. 
4 0
3 years ago
At​ Frank's Delicatessen, Frank noticed that the elasticity of customers differed in the short and longer term. Frank also notic
Juliette [100K]

Answer:

C. Negative; Positive

Explanation:

If soda and sandwiches are complementary goods, then the cross price elasticity between them is negative. Negative cross price elasticity indicates that an increase in the price of soda would result in a fall in the quantity demand for sandwiches. On the other hand, a decrease in the price of soda would result in an increase in the quantity demanded for sandwiches.

If yogurt and sandwiches are substitute goods which means that yogart can be used in place of sandwiches or sandwiches can be used in place of yogurt. The cross price elasticity between the substitute goods is positive. Positive cross price elasticity indicates that an increase in the price of yogurt would result in an increase in the quantity demanded for sandwiches. On the other hand, a decrease in the price of yogurt would result in a fall in the quantity demanded for sandwiches.

5 0
4 years ago
Chrzan, Inc., manufactures and sells two products: Product E0 and Product N0. Data concerning the expected production of each pr
Molodets [167]

Answer:

Order size= $57.61 per machine hour

Explanation:

Giving the following information:

Order size:

Estimated total overhead= $581,866

Estimated total machine hours= 10,100

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order size= 581,866 / 10,100

Order size= $57.61 per machine hour

8 0
3 years ago
Other questions:
  • Legal action against a company may likely NOT be incurred when ________. a. employees incur injuries during training conducted b
    9·1 answer
  • What are four reasons to set a company purpose?
    12·2 answers
  • Brad proposed the purchase of a new Toshiba copier to his boss, Chin. Chin said that he has always used and liked Xerox copiers,
    7·1 answer
  • Which of the following statements is true of an organization's product mix
    6·1 answer
  • Why is it important to evaluate increases and decreases in operating expenses? Select one: a. Increases in operating expenses ar
    12·1 answer
  • Priyanka is a branch manager at a bank in town. She hires Hudson, who comes with strong references and several years' experience
    15·1 answer
  • Joe and Nancy are married and file a joint return. They claim Nancy’s father (Walter) and Nancy’s son (Jordan, who is blind) as
    15·1 answer
  • What does a management accountant need to do before he or she can take
    5·1 answer
  • Your friend is worried about saving enough money for college and wants to research different situations. What would you advise h
    13·1 answer
  • A president who pursues foreign policy strategies that focus on promoting military defense and homeland security and perceives i
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!