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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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Due to a downturn the wage of entry level workers has declined by 10 per cent, as a
lilavasa [31]

The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.

The scale effect dominates in this example.

If the wage of the entry level workers increase, the demand curve would shift to the right.

<h3>What is the crosss price elasticity?</h3>

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = 15% / 10 = 1.5

Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.

<h3>What is the effect on the demand curve if the wages of entry level workers increase?</h3>

If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.

To learn more about cross price elasticity, please check: brainly.com/question/26054575

8 0
2 years ago
Yuncen Foods is a food manufacturer based in Lumberne. It gets over half of its revenue from international sales. It has been co
Montano1993 [528]

Answer:

a.Geographic and political barriers are irrelevant to the company's business decisions.

Explanation:

It has established its global operations and a good reputation as a global food manufacturer.

4 0
3 years ago
You are checking your wheels and rims for a pre-trip inspection. which of these statements is true?
liubo4ka [24]
I cant help you, i dont know what the statements are. 

4 0
3 years ago
The multiplier is useful in determining the full-employment unemployment rate level of business inventories change in the rate o
sasho [114]

Answer:

The multiplier is useful in determining the change in GDP resulting from a change in spending

Explanation:

A change in autonomous spending will lead to a much larger final change in real GDP because of the multiplier effect. That spending will have a much larger final impact on real GDP.

7 0
3 years ago
Small Treasure Gifts is deciding whether to sell its products in kiosks outside subway stations or in stores at popular malls. W
Monica [59]

Answer:

Place

Explanation:

Marketing mix is the understanding of 4 important and controllable elements of marketing plan. Usually, these elements are considered as 4P which are Product, Place, Price and Promotion.

Place: To enter more effectively or in general to be successful in the market, as a supplier you should choose your segment or where to reach to your potential customers carefully and certainly. That’s why the place which is selected must be considered where the target market is.

Product: It is very important to develop your product to make the customers to have “willingness to pay”. So it has to have unique or good design, standards, quality and other important attributes. You should seek to sell the products which have big demand.

Price: There should be the reasonable price to the customers who will be able to buy your products. Sure, the price is established after the analysis of your costs (fix, variable and etc.). However, you should be careful about your rivals in the price policy. The buyers will have always power on you in this case so they can substitute your product to others.

Promotion: This element is about the process of explanation how your product will create the value on the customers. It is very necessary point on the value chain activities. If you have a better promotion than others your products will be demanded more or permanently.

3 0
3 years ago
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