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almond37 [142]
3 years ago
10

What is the objective of financial reporting? Provide information that clearly portrays nonfinancial transactions. Provide infor

mation about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors. Provide information that excludes claims to the resources. Provide information that is useful to management in making decisions.
Business
1 answer:
sladkih [1.3K]3 years ago
8 0

Answer:

Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.

Explanation:

Financial reporting refers to the presentation and disclosure of financial information of an entity to the public, investors, lenders and other stakeholder.

Financial reporting is carried out by reporting financial statements (balance sheet, income statements), statement of cash flows and other relevant/necessary disclosures, notes as required by law or statute or which are essential for better comprehension of such financial information.

Such information helps lenders to know the financial health of the entity, helps investors to decide whether it would be beneficial to invest in the entity, assures government of the compliance of laws by the entity, etc.

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When Job 117 was completed, direct materials totaled $5,090; direct labor, $5,838; and factory overhead, $4,042. A total of 1,49
allsm [11]

Answer:

the per unit cost is $10

Explanation:

The computation of the per unit cost is shown below:

As we know that

Per unit cost is

= Total cost ÷ number of units produced

= ($5,090 + $5,838 + $4,042) ÷ (1,497 units)

= ($14,970) ÷ (1,497 units)

= $10

hence, the per unit cost is $10

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

3 0
3 years ago
A company introduced a new low calorie version of one of its popular cold drinks. as a result, the sales of the original cold dr
sashaice [31]
This situation is known as cannibalization. Cannibalization is a marketing strategy that refers to the reduction company's see in there sales volume, revenue or market share of a current product when they release a new product. When a company releases a new product, those who are fans of their other products will likely try the new product instead of the hold which initially brings down the volume they sell and make from the initial product. 
4 0
3 years ago
Than Wok emigrated from his war-torn country to the United States almost two years ago. He recently found a job working on an as
igor_vitrenko [27]

Answer:

C.social needs.

Explanation:

Maslow's hierarchy of needs is a motivational theory that goes through five forms of needs set out below:

1. Physiological needs: These are the survival needs i.e. food, clothing, house, air

2. Security needs: This need covers human, financial, etc. protection and security

3. Social needs: These needs represent an person being or not involved in social groups. It makes the person not feel alone, lonely, etc.

4. Awareness needs: Awareness needs are the recognition he or she receives

5. Self-actualization needs: As the name suggests, it is self-actualizing in order to let the person know about his or her abilities.

So according to the given options, the most appropriate option is C. as it shows the social needs i.e loneliness, alone, etc

4 0
4 years ago
Elixir inc. has a recruitment policy that favors hiring people from minority groups. to ensure that its diverse workforce helps
Alex787 [66]

Keeping its needs in mind, Elixir will most likely hire a <u>"socioculturalist".</u>


Sociocultural theory is a rising theory in psychology that takes a gander at the essential commitments that society makes to singular advancement. This theory focuses on the association between creating individuals and the way of life in which they live. This hypothesis proposes that human learning is to a great extent a social procedure.

8 0
3 years ago
Sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of ______ a
victus00 [196]

Sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of scientific management approaches to management.

<h3>What is scientific management?</h3>

Scientific management is a theory that analyzes how workflows this is to improve the efficiency of the economy.

  • It includes logic, rationality, sociotechnical systems theory, quantitative management, and organizational behavior.

Therefore, sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of scientific management approaches to management.

For more details on scientific management kindly check brainly.com/question/13191706

8 0
3 years ago
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