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3 years ago

Describe the primary users of financial statements according to the conceptual framework.

Business

1 answer:

zalisa [80]3 years ago

7 0

Answer: Organisations such as IASB and FASB

Explanation: Conceptual framework refers to the system that helps the organisations such IASB and FASB to create rules and standards for financial reporting, that will eventually help the users of financial statements.

This framework consists of ideas and objectives for the above mentioned boards.

Thus, the conceptual framework serves authorities such as IASB and FASB.

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_____________ are sunk costs because the company will have to pay the cost no matter production or other variables in operations

Lina20 [59]

Answer:

E. Fixed Costs

Explanation:

Here are the options to this question :

A. Variable Costs

B. Labor Costs

C. Total Costs

D. Raw material Costs

E. Fixed Costs

Sunk costs are costs that have already been incurred and cannot be recovered. They should not be considered when making future economic decisions.

Fixed cost is cost that do not vary with production. e.g. rent

Most companies pay rent per year. if due to unforeseen contingencies, sales and profit of the company declines and the company decides to shut down production, the company has already paid for rent, this amount cannot be recovered even though the company would not be using the space for sometime. So, rent is an example of sunk cost

6 0

4 years ago

Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas

ratelena [41]

Answer: a. Decrease in Net Exports

b. Increase in Net Capital

c. Decrease in Net Capital.

d. Increase in Net Exports

Explanation:

a. A Decrease in Net Exports

Net Exports is Exports - Imports. In buying a Television from a foreign company, the American has imported the good. This will reduce Net Exports by the aforementioned formula.

b. An INCREASE in NET CAPITAL OUTFLOW

This is essentially Capital being invested in other countries. It increases when more is invested in other countries as opposed to less.

c. A DECREASE in NET CAPITAL OUTFLOW.

As previously stated, Net Capital Outflow increases when a country invests more in another country. Since we are looking at it from the perspective of the USA, Sony, which is not an American company, buying into such capital is considered a Decrease in Net Capital Outflow as money is coming into the US.

d. An INCREASE in NET EXPORTS

Here, a foreigner is buying goods in the USA. That translates to Export. And by the Net Export Equation, Net Exports will rise.

If you need any clarification do react or comment.

6 0

3 years ago

The demand curve facing a perfectly competitive firm is:

marta [7]

Answer:

A horizontal line at the market price

Explanation:

it's means that the price it receive is the same for every unit sold

8 0

3 years ago

Monmouth Laboratories, Inc. pays a $3.29 dividend every year and will maintain this policy forever. What price should you pay fo

Kitty [74]

Answer:

That is a personal choice depending on how the company is doing and how much you are likley to learn from dividends

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4 years ago

hanif gives his neighbor carla his freshly grown tomatoes in exchange for her expert lawn care.What is hanif engaged in

maksim [4K]

Hanif is bartering. Bartering is when you trade one good or service for another good or service from someone. This is different than when you just give cash to someone.

4 0

3 years ago