The misstatement is immaterial in the overall context of the financial statements represents a viable defense.
<u>Option: A</u>
<u>Explanation:</u>
An object may be immaterial individually, but when it is consolidated with lots of immaterial objects it can be material. When this happens, then the impact becomes material. A mistake of an individual element may cause serious misrepresentation of the financial statements.
Materiality direct to the relative size of a number as the relatively large quantities are content, while the relatively small quantities are not material or immaterial. A further perception of materiality is that sophisticated investors will be deceived by omitting or misclassifying the number.
Answer:
The marginal revenue product of the second worker is:_______
a. $16.
Explanation:
a) Data and Calculations:
Quantity of Labor Total Product Total Revenue Marginal Revenue
1 4 $16 $16
2 8 32 $16
3 11 44 $12
4 13 52 $8
5 14 56 $4
b) The Marginal Revenue of labor refers to the additional revenue that is derived when one additional unit of labor is employed into production. It can be calculated by deducting the total revenue obtained by the addition of one unit of labor to the total revenue before the addition.
Answer:
c. Increase.
Explanation:
If a company’s net income increased while its net sales remained constant, the company's profit margin would increase.
This is simply because the amount of money that is being generated from the sales of goods and services are increasing.
As a person consumes additional units of a good, eventually the utility from each additional unit of the good decreases. Disneyland can’t charge as high a price when utility is low as when it is high.
Answer:
Specific Measurable Attainable Realistic Time-Bound