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k0ka [10]
3 years ago
11

A constraint on qualitative characteristics of accounting information is:

Business
2 answers:
Novay_Z [31]3 years ago
7 0

Answer:

cost effectiveness

Explanation:

In simple words, cost effectiveness refers to the attribute of some data or report in which the benefits of operations comes more than the cost leading to overall profit situation of the firm. As per the accounting standards, accounting information should be neutral, relevant and complete but cost effectiveness traits sometimes leads to some unethical practices like misleading information or misrepresentation.

Thus, cost effectiveness can be seen as a constraint on the accounting information as it works as an incentive to mislead the stakeholders or otherwise it could lead to damage to the firm in many ways.

Angelina_Jolie [31]3 years ago
5 0

Answer:

A constraint on qualitative characteristics of accounting information is COST EFFECTIVENESS

Explanation:

Cost-effectiveness places a constraint in qualitative characteristics of accounting information by analysing the way to examine both the costs and outcomes of one or more interventions. It compares an intervention to another intervention (or the status quo) by estimating how much it costs to gain a unit of a health outcome, like a life year gained or a death prevented

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<span>Answer: On average, hotel guests who take elevators weigh about 150 lbs with a standard deviation of about 35 lbs. An engineer is designing a large elevator for a convention hotel, to lift 50 such people.</span>
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2 years ago
Explain what a cash budget is and why it is important for all businesses.
deff fn [24]

Answer:

A cash budget is very important, especially for smaller companies. It allows a company to establish the amount of credit that it can extend to customers without having problems with liquidity. A cash budget helps avoid a shortage of cash during periods in which a company encounters a high number of expenses.

Explanation:

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2 years ago
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea
Westkost [7]

Answer:

See answers below

Explanation:

1 The predetermined overhead rate

= Cost of manufacturing overhead / Cost driver.

Where cost driver

= labor cost / labor rate

= $240,192 / $12.51

= 19,200 hours

Expected overhead

= depreciation + supervisor + supplies + property tax

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= 14.10 per hour

2. The amount t of applied overhead for of 18,500 actual hours were worked on

= 18,500 hours × $14.10

= $260,850

7 0
2 years ago
Using desk check, talk-throughs, walkthroughs, simulation, and other exercises on a regular basis helps prepare the organization
erma4kov [3.2K]

Answer:

True

Explanation:

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3 0
3 years ago
Suppose you work for a mutual fund firm. Your team is thinking of investing in Wizard’s stock. Your task is to create a report o
Zielflug [23.3K]

Answer:

<u>Investment analyst</u>

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Since the team is thinking of investing in Wizard’s stock but has not yet decided it is the role of an investment analyst to prepare a detailed report on the stock’s performance and investment potential (from his personal experience) of Wizard's stock.

It is the result of the report that would <em>guide the team's decision</em> of investing or not.

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