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Elza [17]
3 years ago
14

Define what is meant by the phrase "planning materiality threshold"

Business
1 answer:
xz_007 [3.2K]3 years ago
7 0
<span>Define what is meant by the phrase "planning materiality threshold".

Planning materiality threshold is defined as the complete materiality level for the financial statements in internal control. The auditor will establish a materiality level that is best based on the situation regarding the nature, extent and timing of the audit procedures. </span>
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According to the FASB's conceptual framework, the quality of information that helps users increase the likelihood of correctly f
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Answer:

C. Predictive value.

Explanation:

Relevant information is able to make a difference in user decisions. To do so, it must have predictive value, confirmatory value, or both. Financial information has predictive value if it can be used as an input in a predictive process.

4 0
3 years ago
Bantam company calculated its net income to be $38,775 based on the unadjusted trial balance. The following adjusting entries we
Goryan [66]

Answer:

the amount of net income or loss is $39,285

Explanation:

The computation of the amount of net income or loss is shown below:

= Net income + interest earned + unearned revenue - salaries & wages - prepaid insurance

= $38,775 + $375 + $805 - $395 - $275

= $39,285

hence, the amount of net income or loss is $39,285

The same should be considered and relevant

5 0
3 years ago
Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more
german
Number 1 = decrease
number 2= have an ambiguous change
3 0
3 years ago
Upstream from Umami Snacks is the set of firms that supply the raw materials, information, and expertise to make the seaweed cri
kupik [55]

Answer: Price and Quality (a. and c.)

Explanation:

Price. This was one of the best choices. The price of the raw materials has a significant impact on the price Umami can charge for its seaweed snacks; therefore, price must be controlled.

Quality. This was one of the best choices. Umami is known for its high-quality snacks, and therefore located a high-quality supplier to manufacture high-quality products.

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globe hotels has more cash on hand than is required to support its operations. accordingly, the company has decided to pay out s
BlackZzzverrR [31]

These payments to shareholders are called Dividends. The correct option is A.

<h3>Why are dividends paid?</h3>

Dividends are payments made to shareholders based on the number of shares they own. Shareholders expect profits to be returned to them by the companies in which they invest, but not all companies pay dividends.

A dividend is a monetary or non-monetary reward given by a company to its shareholders. Dividends can be paid in a variety of ways, including cash, stock, or any other form. The dividend of a company is decided by its board of directors and must be approved by the shareholders.

Thus, the ideal selection is option A.

Learn more about Dividend here:

brainly.com/question/29510262

#SPJ1

7 0
1 year ago
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