All categories

3 years ago

48. What does management say they are doing to assure the public that the financial information is reliable

Business

1 answer:

WARRIOR [948]3 years ago

6 0

Answer:

Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.

Explanation:

There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.

You might be interested in

The risk-free rate is 5%; Stock A has a beta of 2.0; Stock B has a beta of 1.0; and the market risk premiumis positive. Which of

butalik [34]

Answer:

C) If Stock B's required return is 11%, then the market risk premium is 6%.

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

The (Market rate of return - Risk-free rate of return) is also known as the market risk premium

If we take the required return is 11%, so the market risk premium would be for stock B

11% = 5% + 1 × Market risk premium

11% - 5% = Market risk premium

So, the market risk premium would be 6%

If we take the required return is 11%, so the market risk premium would be for stock A

11% = 5% + 2 × Market risk premium

11% - 5% = Market risk premium

So, the market risk premium would be 3%

Hence, the correct option is C

3 0

3 years ago

Please help me :((

vlada-n [284]

Yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp

3 0

3 years ago

Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds o

svp [43]

Answer:

$135 Unfavorable

Explanation:

The computation of total variance is shown below:-

For computing the total variance first we need to find out the actual price which is below:-

Actual price = Total cost ÷ Actual quantity

= $18,135 ÷ 3,100

= $5.85 pound

Now,

Total variance = Standard quantity × Standard price - Actual quantity × Actual price

= (($2,000 × 1.5) × $6) - 3,100 × $5.85

= 3,000 × $6 - 3,100 × $5.85

= $18,000 - $18135

= $135 Unfavorable.

3 0

3 years ago

Explain what is meant by "Information Technology (IT) flattens organizations?

Shalnov [3]

Answer: The answer is given below

Explanation:

Information Systems are the networks of both the hardware and the software which is used by economic agents to collect, process, create and help in the distribution of data.

Information Technology (IT) flattens organizations simply means that information systems can help in the reduction of the levels in an organization through the provision of information to managers which will be used in the supervision of other emoloyees and also, lower-level employees could be given more authority relating to decision-making.

Since decision making has been pushed to lower level then fewer managers will be needed. This ensures that faster decision making are made and there's increase in the span of control.

5 0

3 years ago

1. What is the advantage of offering more choices for something?

Alika [10]

Know that giving customers too many choices can overwhelm and lead to fewer sales the benefit of limited sharing options

6 0

3 years ago