Answer:
The correct answer is letter "C": consistency.
Explanation:
The consistency principle in Accounting states that a firm should use the same accounting method at the moment of record-keeping its transactions from one period to the following. However, the principle allows companies to change that method from one period over the next one.
Answer:
<u>The cash flow should be equal to 88,634.74</u>
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Explanation:
218,000 investment on fixed assets
41,000 working capital
investment at year 0 259,000
present value of salvage value
79,900
time = 3 years
rate = 0.14
PV 53,222.75
259,000 - 53,222.75 = 205,777.25 present value of the operating cash flow
Now we have to calcualte the cuota of a 3 years annuity of present value equal to 205,777.25 at 14% rate
C = 88,634.74
The cash flow should be equal to 88,634.74
Answer:
The answer is: Product oriented
Explanation:
Marketing considers products as tangible goods or intangible services that satisfy a customer´s need or demand. In this case Ice Cream is Freez´s product and their marketing strategy is based on making their product better. They expect consumer fidelity to be very high and word of mouth marketing to take place.
They believe that once a customer tries their ice cream, two things will happen; They will like their ice cream so much that they will keep buying it (consumer fidelity), and that they will start word of mouth marketing. That is that one customer will tell his friends how good Freez´s ice cream is and that will make those people want to buy the ice cream. Once they buy the product, they will be so satisfied that they will again recommend the ice cream to their other friends. Word of mouth marketing works (on a small scale) the same way social network notifications or viral internet videos work, basically good gossip.
Answer:
0.343
Explanation:
Given that,
Percent of CFA candidates have a degree in economics, p = 30% = 0.3
Random sample of CFA candidates, n = 3
Here, we are using the binomial distribution.
Let X be the number of CFA candidates having economics degree.
Probability that none of them has a degree in economics, P(X = 0) :
=
=
=
= 0.343
Therefore, the probability that none of them has a degree in economics is 0.343.
Answer:
d. Yes Yes
Explanation:
Relevance and Faithful Representation are the two fundamental characteristics of financial reports in accounting. They hold that financial reports must be what would influence the decision or be important for financial decision of the information consumers in other words relevant while also being faithful representation such that information here is truly representative, reliable and free of errors. However comparability, understandability, timeliness, and verifiability are enhancing qualitative characteristics that support the fundamental qualitative characteristics in establishing usefulness of financial reports.