Option A. It is a process by which consumers interpret information in ways that are biased by their previously held beliefs.
<h3>What is selective distortion?</h3>
This is the term that is used to refer to the way people reason using their subconscious mind.
This type of reasoning happens as a person would try to make new information to fit with the old reasoning they have.
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The debt to equity ratio for the period, based on the total liabilities and total equity, would be 1.31
<h3>How to find the debt to equity ratio?</h3>
The debt to equity ratio shows the amount of debt that a company has as a ratio of the debts to the equity that the company has.
The debt to equity ratio can be found by the formula:
= Total liabilities / Total Equity
Total liabilities = $16, 113, 000
Total equity = $12, 300, 000
The debt to equity ratio is therefore:
= 16, 113, 000 / 12, 300, 000
= 1.31
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Answer:
The final value of the investment after 3 years is $7,146.10
Explanation:
Giving the following information:
Investment= $6,000
Interest rate= 6% compounded annually
The number of years= 3 years.
To calculate the final value, we need to use the following formula:
FV= PV*(1+i)^n
FV= 6,000*(1.06^3)
FV= $7,146.10
The final value of the investment after 3 years is $7,146.10
The correct answer would be Incentive.
Incentive is a thing that motivates or encourages one to do something.
Answer:
The complete answers are below.
Explanation:
a) The main difference between Financial Accounting and Managerail Accounting is its purposes and the stakeholders who make use of the information that each one provides.
While financial accounting refers to the aggregation of accounting information in the financial statements, management accounting refers to the internal processes used to account for business transactions.
For instance: Financial accounting reports on the results of an entire business, Managerial accounting reports at a more detailed level. Financial accounting must comply with various accounting standards, whereas managerial accounting does not have to comply with any standards when information is compiled for internal consumption.
b) The financial statements most frequently provide are: Balance Sheet or Financial Position, Income Statement, Statement of cash flows and Statement of Changes in Equity.
c) In general, financial reports and financial statements differ in the formal status of financial statements in business and accounting, and these respond to standards such as GAAP and IFRS. While the financial reports have a format or presentation rules given by management, the financial statements, in the other hand, are prepared on regular basis as specific entities are required to do so according to applicable laws. It can be said that financial accounting provides financial statements and managerial accounting is responsible for financial reports.
