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Allushta [10]
3 years ago
8

Which of the following is not an information characteristic that the GASB identifies as important in government financial report

s?
a-Comparability.
b-Timeliness.
c-Reliability.
d-Conciseness.
Business
1 answer:
Romashka-Z-Leto [24]3 years ago
8 0

Answer:

It is Conciseness (D)

Explanation:

Comparability : the financial information produced should be capable of being compared over time and with similar information about other entities.

Timeliness : Financial information should be provided within a time scale suitable for the users decision making purposes.

Reliability : Information contained in the financial reports should inspired confidence in their users which they can rely on in making relevant decision.

Conciseness : This is not part of financial information characteristics.

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Practice Question 25 Which one of the following is an effective method of evaluating a cost center? Compare actual total costs w
Afina-wow [57]

Answer:

C). Compare actual controllable costs with flexible budget data.

Explanation:

The Cost center is very crucial to be determined by an organization as it indirectly bestows its profitability. It is usually calculated by comparing the actual cost generated by the department to the expectations as per the budgeted cost. Thus, the most constructive method to evaluate a cost center would be the 'comparison between the actual controllable costs and the flexible budget data' as it helps in assessing the actual expense incurred during the year and whether it is lesser or greater than the cost estimated in the budget. Hence, <u>option C</u> is the correct answer.

6 0
3 years ago
Read 2 more answers
The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts
S_A_V [24]

Answer: Alternative 3 will be selected.

Explanation:

The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.

First compare A1 to A0

The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.

Compare A1 to A2

If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.

Compare A1 to A3

If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.

Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.

A3 will therefore be selected.

7 0
2 years ago
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ___________ level
Zielflug [23.3K]

Answer:

1.  Actual Price

2.  Misperceptions theory.

Explanation:

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ACTUAL PRICE level in the economy deviates from the expected price level. Several theories explain how this might happen.

For example, the MISPERCEPTIONS THEORY asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100 Year.

The above explanations is the reason why the aggregate supply curve slopes upward in the short run

4 0
3 years ago
Jill Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10.
Mrrafil [7]

Answer:

The reconciled balance is:

Explanation:

Cash  8900,15

 

Books  

Cash receipts pending on bank  -9821,55

Checks written                           7986,05

Checks written not recorded       -49,55

 

Banks  

Bank service fee                                   -48,1

Interest earned                                    33,1

 

Bank conciliation                               7000,1

Bank account                                      7000,1

7 0
3 years ago
This model shows how cold winter air is warmed in the Great Lakes Basin, which creates ideal temperatures for year-round fruit f
Free_Kalibri [48]

Answer:

Can I Know Where Is The Model Brother Please

6 0
3 years ago
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