1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
REY [17]
3 years ago
12

Qualitative characteristic being employed when companies in the same industry are using the same accounting principles. select a

n appropriate qualitative characteristic (b) Quality of information that confirms users’ earlier expectations. select an appropriate qualitative characteristic (c) Imperative for providing comparisons of a company from period to period. select an appropriate qualitative characteristic (d) Ignores the economic cons
Business
1 answer:
Sidana [21]3 years ago
7 0

Answer:

The correct answer is comparability.

Explanation:

One of the qualitative characteristics of financial information is the comparability that is defined as allowing general users to identify and analyze the differences and similarities with the information of the same entity and with that of other entities, over time. The Financial Information Standard A-4, Qualitative characteristics of the Financial Statements, describes this characteristic in detail. The financial figures allow us to observe the evolution of our own company and evaluate the distance that separates us from other organizations.

In the case of publicly traded companies, such comparisons can be made that allow us to refine our financial criteria and guide, for example, our decisions as investors. Of course, there are many elements to consider and the more we consider, the stronger our performance will be.

You might be interested in
_____ refers to selling to two or more different buyers, within a reasonably short time, commodities (not services) of like grad
Marianna [84]

Answer:

Robinson-Patman Act of 1936

Explanation:

4 0
3 years ago
Winston Clinic is evaluating a project that costs $52, 125 and has expected net cash inflows of $12,000 per year for eight years
kvv77 [185]

Answer:

Payback period (years):  4.23  years

NPV: $6,685  

IRR: 16%

MIRR: 14%

The project is financially acceptable because IRR and MIRR is greater than cost of capital

Explanation:

Payback period is calculating the number of year when cash inflow can cover cash outflow (regardless the present value of cash inflow).

As we can easily estimate, cash inflow in 5 year can cover the investment.

Then payback period = 4 years + 12000/52,125 = 4.23 years

We can use excel to calculate NPV, IRR, MIRR in the formula as below

Net present value of project: NPV=(discounting rate, cash outflow, cash inflow) = (12%, -52125,12000,12000......,12000) = $6,685

Internal rate of return: IRR= (cash outflow, cash inflow) = ( -52125,12000,12000,......,12000) = 16%

Modified internal rate of return: MIRR = (cash outflow, cash inflow, IRR, cost of capital) = (-52125,12000,12000......,12000,16%,12%) = 14%

<em>Please see attachment for more details.</em>

Download xlsx
5 0
3 years ago
Which of these careers interest you? Check all that apply and why.
Rudiy27

Explanation:

a advertising manager is basically a person who advertises different businesses on their companies for money

3 0
3 years ago
Read 2 more answers
One of the most reliable sources of money that candidates receive comes from corporations and unions. this money cannot be contr
HACTEHA [7]

Soft Money.

What is Soft Money

Contributions made outside the parameters and restrictions of federal law are referred to as soft money (also known as non-federal money). This indicates that it consists of substantial individual and PAC contributions as well as direct corporate and union contributions. Hard cash, on the other hand, refers to contributions that must comply with the FECA, i.e., limited individual and PAC contributions.

To learn more about Soft Money

brainly.com/question/12660638

#SPJ4

5 0
1 year ago
Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri
Mnenie [13.5K]

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

8 0
3 years ago
Other questions:
  • Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 45,800 comforters this year. Each comforter require
    7·1 answer
  • Other things the same, a decrease in the price level makes consumers feel a. more wealthy, so the quantity of goods and services
    15·1 answer
  • Which of the following is true?
    8·1 answer
  • Training and development are roles filled by human resource specialists true or false
    9·2 answers
  • Trust incurred $10,000 of portfolio income. Its corporate trustee paid fiduciary fees of $1,000 therefrom, and also paid $1,000
    6·1 answer
  • Jack wants to build a business with a 42-foot sign on the top of his building. He believes that the sign will generate a lot of
    10·1 answer
  • If a strategic plan is failing to meet its objectives, but the company's execution is deemed sufficient, management should first
    10·1 answer
  • A stock has an annual dividend of $10.00 and it is expected not to grow. It is believed the stock will sell for $100 one year fr
    15·1 answer
  • Desmond has a signed listing agreement with his clients, the Harpers. In exchange for helping the Harpers list, market, and sell
    11·1 answer
  • What are the main advantages of the d-step tuning of 2023 murano’s xtronic cvt?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!