Answer:
True or False Statements about the conceptual framework:
(a) False: The fundamental qualitative characteristics that make accounting information useful are relevance and faithful representation, which suggest materiality and completeness respectively.
(b) False: Relevant information must also be material in a financial statement user's decision, in addition to having predictive and confirmatory values.
(c) False: It is information that is relevant that is characterized as having predictive or confirmatory value, and not information that shows faithful representation.
(d) False: Comparability also refers to comparisons of a firm over time (which is appropriately described as consistency). This is in addition to the similar reporting of information by different companies.
(e) False: Enhancing characteristics do not relate only to faithful representation but also to relevance.
(f) True.
Explanation:
Faithful representation implies completeness. Relevance means that the disclosure will attract important consideration and is material to the matter. Therefore, users of financial reports base their decisions on relevant information and not irrelevant details.
Answer:
turnover ratio = 16.87 %
Explanation:
given data
average daily assets = $2.7 billion
fund sold = $405 million
purchased = $505 million
solution
we get here turnover ratio that is express as
turnover ratio = 
................1
put here value and we get turnover ratio
turnover ratio = 
turnover ratio = 0.16875
turnover ratio = 16.87 %
A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business. The term is usually applied to longer-term debt instruments, with maturity of at least one year.
Judging from their condition, the need some welfare or subsidies that should be added
For example :
- Their government should provide more infrastructure such as roads and water pipe for the people
- Since South Africa is one of the most developed country in Africa, The Government should give more incentives for those who want to start a business ( such as cheaper taxation system)
Wants = desires
Economics = study of production, consumption, and distribution of wealth
Demand = what people want to have produced
Saving = abstaining from consumption; not using
Supply = amount of a good produced
Needs = food, clothing, shelter
