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3 years ago

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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How would you describe Ghosn’s style of leadership?

boyakko [2]

Answer:

The leader for this situation doesn't have faith in close control of his group (ELS, 2010). Regardless of whether he is accountable for huge organizations that rely upon significant choices, Ghosn wants to permit his subordinates to set up their own timetables.

Explanation:

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6 0

3 years ago

Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to h

Fynjy0 [20]

Answer:

Contribute to individual 401(k) = $61,000

Explanation:

Given:

Revenue = $538,000

Expenses = $107,600

Find:

Contribute to individual 401(k)

Computation:

Contribute to individual 401(k) = $55,000

Kathy is younger then 50 years so, She have t pay $6,000 more:

So,

Contribute to individual 401(k) = $55,000 + $6,000

Contribute to individual 401(k) = $61,000

6 0

3 years ago

project x has an initial cost of $20,000 and a cash inflow of $25,000 in year 3. project y costs $40,700 and has cash flows of $

Helen [10]

Project X has a $20,000 start-up cost and a $25,000 cash inflow in year 3. Project Y has a $40,700 cost and generates cash flows of $12,000, $25,000, and $10,000 over the course of its first three years. The projects are mutually exclusive, and the discount rate is 6%. You should approve the project in the end based on the irrs and npv of each individual project as well as your own assessment of those factors. X;Y:Y.

Start-up costs are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs are sums paid or expended in connection with a current profitable activity that is intended to generate money prior to the activity becoming a fully operational trade or business. Equipment, incorporation fees, insurance, wages, and taxes are just a few of the startup costs. Although startup costs will differ depending on your business's industry and type, an expense for one firm might not be applicable to another. It helps you effectively launch your firm and maintain profitability after your doors are open to understand your expenses and how you will manage them.

Learn more about startup costs here

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3 0

1 year ago

Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Ma

Molodets [167]

Answer:

Moskowitz Corporation

The net operating income (loss) under variable costing in Year 2 is closest to:

= $56,000.

Explanation:

a) Data and Calculations:

Selling price per unit $ 91

Manufacturing costs:

Variable manufacturing cost per unit produced:

Direct materials $ 13

Direct labor $ 7

Variable manufacturing overhead $ 3 23

Contribution per unit $ 68

Fixed manufacturing overhead per year $480,000

Selling and administrative expenses:

Variable selling and administrative expense per unit sold $ 6

Fixed selling and administrative expense per year $ 84,000

Year 1 Year 2

Units in beginning inventory 0 3,000

Units produced during the year 12,000 10,000

Units sold during the year 9,000 10,000

Units in ending inventory 3,000 3,000

Year 2:

Income Statement:

Sales Revenue ($91 * 10,000) = $910,000

Variable manufacturing costs 230,000 ($23 * 10,000)

Variable selling and admin. 60,000 ($6 * 10,000)

Contribution margin $620,000

Fixed manufacturing costs 480,000

Fixed selling and admin. costs 84,000

Net operating income (loss) $ 56,000

8 0

3 years ago

What's the appropriate response to receiving a talk about breaking a rule?

Marizza181 [45]

Answer:

Listen, dont be disrespectfull, and learn from it

Explanation: Dont dig a deeper hole

5 0

3 years ago