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Zinaida [17]
3 years ago
11

The FASB's conceptual framework's qualitative characteristics of accounting information include:A. Historical cost.B. Realizatio

n.C. Faithful representation.D. Full disclosure.
Business
1 answer:
Aleksandr [31]3 years ago
5 0

Answer:

Faithful representation.

Explanation:

The Financial Accounting Standards Board made the conceptual framework which sets objectives.and characteristics of how financial information is displayed on financial statements. It helps one understand the logic that is behind the generally accepted accounting practices.

Qualitative characteristics include faithful representation which states that financial statements should reflect the actual state of the business. For example if the assets of a company is $300,000 then the actual assets of the company should also be $300,000.

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A storeowner orders 25 calculators that cost ​$4747 each. The storeowner can sell each calculator for ​$5656. The storeowner sol
leva [86]

Answer:

$5,592

Explanation:

Given:

Number of calculators ordered = 25

Cost of each calculator = $4747

thus,

Total cost of the calculators ordered = 25 × $4747 = $118,675

Selling cost of each calculator = $5656

Number of calculators sold = 22

Total revenue = 22 ×$5656 = $124432

Number of calculators returned = 3

Charges for returning the calculator = $55

Total charges for returning the calculators = 3 × $55 = $165

Now,

The total profit

= Total revenue - Total cost of the calculators - Total charges for returning

= $124432 - $118,675 - $165

= $5,592

6 0
3 years ago
What are the objectives of a social enterprise?
Alexxx [7]
A social enterprise is a business that aims to achieve a particular public or community mission (social, environmental, cultural or economic), and reinvests the majority of its profits into achieving that mission.
8 0
3 years ago
Read 2 more answers
The Tapestry™ Segmentation system divides and sorts small geographic areas into categories using 60 or more demographic and life
Damm [24]

Answer: (A) Geo-demographic

Explanation:

The Geo-demographic is basically refers to the market segmentation that is used for classifying the different types of localities or the resident based on the demographic principle and the characteristics.

It is the process of studying regarding the population and also the geographical areas by using the various types of clustering techniques.

According to the given question, the Tapestry is one of the segmentation system that divide the geographical areas into the different types of categories and geographical segmentation is one of the markets research tool that is used in the above given example.  

 Therefore, Option (A) is correct answer.

4 0
2 years ago
explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and
ololo11 [35]

The main purpose of  a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.

When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.

There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.

Learn more at brainly.com/question/24383317

8 0
2 years ago
Florence wants to become a Middle School Teacher. She attends a university for four years and earns a degree with
Oksanka [162]

Answer:

bachelors

Explanation:

4 year degree

3 0
2 years ago
Read 2 more answers
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