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Wewaii [24]
4 years ago
10

The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements

in accordance with the applicable financial reporting framework
(A) True
(B) False
Business
1 answer:
postnew [5]4 years ago
4 0

Answer:

The answer to this question is True.

Explanation:

The one and only responsibility of the management towards financial reporting involves presenting the financial statements that were prepared by the them that is in accordance to the financial reporting framework that is applicable.

Hence the answer to this question is True.

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General Importers announced that it will pay a dividend of $4.25 per share one year from today. After that, the company expects
bazaltina [42]

Answer:

$12.93

Explanation:

First , find the dividend amount per year;

D1 = 4.25

D2,D3,D4,D5, D6 = 0

D3 = 2.2020(1.024) = 2.2548

D7 onwards = 2.35

Next, find the present value of the dividends at 12.6%;

PV (of D1) = 4.25/ 1.126 = 3.7744

PV (of D2 to D6) = 0

PV (of D7 onwards) today = (2.35/0.126) /(1.126^6)

PV (of D7 onwards) today = 18.6508 / 2.0381 = 9.1511

Add the PVs to find price of stock;

= 3.7744 + 0 + 9.1511

= $12.93

5 0
3 years ago
A general partner who puts together the administrative organization of the limited partnership and handles the registration of t
Valentin [98]

Limited partner.

<h3>What is a Limited partner?</h3>
  • A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business.
  • Silent partners are another name for limited partners.
<h3>What is Limited Partnership?</h3>
  • Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships.
  • Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.
  • The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.

Therefore, the answer is a limited partner.

Know more about a Limited partner here:

brainly.com/question/25012970

#SPJ4

5 0
2 years ago
Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goods manufactured 8,000 Fact
ohaa [14]

The cost of the direct material that's used will be $2000.

<h3>How to calculate the cost?</h3>

The direct material used will be calculated thus:

= Total manufacturing cost - Factory overhead - Direct labor cost

= 14000 - 8000 - 4000

= 2000

In conclusion, the correct option is 2000.

Learn more about cost on:

brainly.com/question/25109150

#SPJ1

3 0
2 years ago
Metz Industries stock is twice as risky as the market on average. Given an expected return on the market of A. ​7.35% B. ​16.50%
sergiy2304 [10]

Answer:

B. ​16.50%

Explanation:

We know,

according to Capital Asset Pricing Model​ (CAPM), the expected return, E(r) = risk-free rate + (expected return on the market - risk-free rate) × beta

Given,

Risk-free rate = 2.50%

Expected return on the market = 9.5%

Beta = 2 (We know market beta is 1. As Metz Industries stock twice as risky as the market on average, the beta of the company is 1×2 = 2.)

Putting the values in to the formula, we can get,

The expected return, E(r) = 2.50% + (9.5%- 2.50%) × 2

E(r) = 2.50% + 7% × 2

E(r) = 2.50% + 14%

E(r) = 16.5%

Therefore, the option B is the answer.

7 0
3 years ago
udweiser, Heineken, Sam Adams, Corona, Guinness, and Miller are examples of __________ competitors in the beverage industry. a.
kupik [55]

Answer:

Answer is option b, i.e. Brand.

Explanation:

Budweiser, Heineken, Sam Adams, Corona, Guinness, and Miller are all brand competitors that are competing on the basis of their brand perceived by their customers in the brewing industry. All of these companies are leading beer selling companies and they compete for their brand recognition  by their respective customers.

8 0
3 years ago
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