Answer:
C. Predictive value.
Explanation:
Relevant information is able to make a difference in user decisions. To do so, it must have predictive value, confirmatory value, or both. Financial information has predictive value if it can be used as an input in a predictive process.
Answer: B
Explanation: I work for a bank.
Answer:
In a command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are planned by the government
The government plans the goods and services that a country produces, the quantity in which they are produced, and the price at which they are sold.
This is an example of <u>"Sales-oriented pricing objective".</u>
Pricing objectives are the objectives that control your business in setting the expense of an item or administration to your current or potential customers.
Sales-oriented pricing objectives try to help volume or market share. A volume increment is estimated against an organization's very own deals crosswise over explicit eras.
An organization's market share estimates its deals against the offers of different organizations in the business. Volume and market share are autonomous of one another, as an adjustment in one doesn't really enact an adjustment in the other.
Answer:
D. Ordinary Income: $20,000 , Guaranteed payment: $30,000
Explanation:
Ordinary Income refers to that part of income which is classified under salaries, wages or net income in case of Partnership. Such income is taxable at ordinary rates.
Net income refers to income arrived at after deduction of all expenses and taxes from profits. In case of partnership, profits and losses are distributed in agreed profit sharing ratio as per the clause in partnership deed.
In the given case,
Net Income before adjusting guaranteed payment to Clover: $90,000
Less: <u>Guaranteed payment to Clover</u>: <u>($30,000)</u>
Ordinary Income/Net Income for all 3 partner's $60,000
Clover's share in ordinary income is one third i.e $20,000
Clover's guaranteed payment $30,000
