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pickupchik [31]
3 years ago
13

In one to three sentences, describe reliable financial information.

Business
2 answers:
Karolina [17]3 years ago
5 0

Reliability requires that the information should be accurate and true and fair, neutral and unbiased, verifiable and using the same method would come up with similar results or numbers. Reliable information includes information from experts in the field , information from recognized and reputable organizations and information that can be verified by other sources.It's important to use information that is both reliable and relevant when making financial decisions.

wariber [46]3 years ago
5 0
Accounting Reliability<span>. Accounting </span>reliability<span> refers to whether </span>financial information <span>can be verified and used consistently by investors and creditors with the same results. Basically, </span>reliability<span> refers to the trustworthiness of the </span>financial statements<span>.</span>
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Somebody knows about KEIRETSU???
Yuri [45]
Kei·ret·su
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noun
(in Japan) a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.
6 0
3 years ago
Which group of people ultimately determines the products that a command economy produces?.
Andre45 [30]

The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.

<h3>Who controls the economic system in a command economic system?</h3>

Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.

Learn more about command economy here brainly.com/question/26262298

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4 0
2 years ago
Read 2 more answers
Levi Strauss is unsure of what sales forecasting method to use in determining future demand for its 501 blue jeans. When choosin
Fed [463]

Answer:

The correct answer is b. capital investment projects.

Explanation:

The purpose of an investment project is to generate profitability, wealth and value, to a large extent the success or failure of a project depends on its evaluation, that is, the valuation of human, technological, material and financial resources; That is why the importance of a well structured and evaluated project that indicates the correct allocation of resources, comparing the purchasing value of the future currency and determining the breakeven point to know its profitability.

7 0
3 years ago
On November 1, 2018, ABC Corp. borrowed $100,000 cash on a 1-year, 6% note payable that requires ABC to pay both principal and i
Anika [276]

Answer:

C) credit to Note Payable of $1,000,000

Explanation:

The complete journal records for November 1, 2018 are:

  • Dr Cash account 100,000
  • Cr Notes Payable account 100,000

The company received $100,000  in cash. Since cash is an asset and it increased when the bonds were issued, it should be debited.

The company has to pay a note worth $100,000. Since notes payable is a liability and it increased when the bonds were issued, it should be credited.

6 0
3 years ago
Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
valkas [14]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $305,040. At the end of the year, actual direct labor-hours for the year were 16,800 hours, manufacturing overhead for the year was underapplied by $16,800, and the actual manufacturing overhead was $299,040.

under allocation= real MOH - allocated MOH

16,800= 299,040 -  allocated MOH

282,240= allocated MOH

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

282,240= Estimated manufacturing overhead rate*16,800

16.8=Estimated manufacturing overhead rate

8 0
3 years ago
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