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nikklg [1K]
4 years ago
9

The information provided by financial reporting pertains to A. Individual business enterprises rather than to industries or an e

conomy as a whole or members of society as consumers. B. Individual business enterprises and industries rather than to an economy as a whole or members of society as consumers. C. Individual business enterprises and an economy as a whole rather than to industries or to members of society as consumers. D. Individual business enterprises, industries, and an economy rather than to members of society as consumers.
Business
1 answer:
Lelechka [254]4 years ago
7 0

Answer:

The correct answer is (B)

Explanation:

Financial reporting and financial statements are the practices which are done by an individual company to account for expenses and revenue. Similarly, financial reporting is concerned with individual enterprises, rather the economy as a whole. Financial reporting is affected by macroeconomic conditions of a country, but it does not affect the economy as a whole.

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Q.23 :-Your Boss says- ' I want the job done, I do not have time to listen to your
8090 [49]

Answer:

closed mindset

Explanation:

because he just want to finish his work only

7 0
3 years ago
TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1,500,000 and there are 135,000
Masteriza [31]

Answer:

(a) $61.11

(b) $54.44

Explanation:

1)

Value of Stock = Benchmark price-sales ratio × Stock's sales

                          =  5.5 × 1,500,000

                         = $8,250,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

                       = 8,250,000 ÷ 135,000

                       = $61.11

Thus, I would pay $61.11 for the stock.

2)

Value of Stock = Benchmark price-sales ratio × Stock's sales

                          =  4.9 × 1,500,000

                         = $7,350,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

                       = $7,350,000 ÷ 135,000

                       = $54.44

Thus, I would pay $54.44 for the stock.

7 0
4 years ago
Positive economics: a) makes recommendations designed to achieve certain goals. b) is based on value judgments. c) involves stat
amm1812

Answer:

C. Involves statements that can be proven true or false

Explanation:

Positive Economics includes objective statements, based on factual data, describing 'what actually is'. The statements describe economic issues & cause - effect relationship, can be tested or proved.

Eg : The inflation rate in India in 2019 was xyz %.

The statement is a factual data description of an actual economic issue, which can be tested.

7 0
3 years ago
Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
SCORPION-xisa [38]
Two taxi companies scenario does not describe a competitive market, this is because the companies are just two, for a market to be competitive it must have numerous companies offering identical products. The pharmaceutical company scenario is not an example of a competitive company because it is the only one involve in the market and the product been market is just one, a competitive market normally involve many companies. The college and algebra companies scenario describe competitive market because there are many companies that offer basically identical services and the clients can choose from any one of them. The companies have to put in extra work to win customers for themselves.
6 0
3 years ago
Webster's Discount Appliances expects sales of $12,000, $15,000, and $25,000 during April, May, and June (big sale in June). To
olga55 [171]

Answer:

$16,550

Explanation:

The computation of total cash collections in the month of June is shown below:-

Total cash collections in the month of June = (June sales × Percentage of collection) + (May sales × Percentage) + (April × Percentage)

= ($25,000 × 20%) + ($15,000 × 65%) + ($12,000 × 15%)

= $5,000 + $9,750 + $1,800

= $16,550

So, for computing the total cash collections in the month of June we simply applied the above formula.

6 0
3 years ago
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