Answer:
The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.
Explanation:
Financial reporting at its core, is a "language". It ensures that the investors and all stakeholders are provided with relevant and accurate information regarding a business or an institution. So that they can take effective and efficient economic decisions that will eventually benefit the entire economy.
<span>The business organization Jorge and Fred have most likely formed is an Partnership. Because they share all profits and risks caused by an organisation. There is a major advantage in partnership where we can take decisions and plans together and strive towards the excellence of the organization. Even-though there is a debt problem we can share and solve the debts.Mutual Understanding is the main point in Partnership.</span>
Answer:
A. citizens tend to have greater confidence in the economy.
Explanation:
When a nation's standards of financial reporting are transparent and effective, by extension, the citizens tend to have greater confidence in the economy.
This is because when the government are transparent about the financial affairs of the nation, the citizens are confident in the economy
Answer:
$5,580 and $3,588
Explanation:
The computation is shown below:
Total Carrying costs is
= Average inventory × the carrying cost per phaser
= (360 phasers ÷ 2) × 31
= $5,580
And,
The Restocking cost is
= Number of orders × the fixed order cost
= 52 × 69
= $3,588
The 52 is the total weeks in a year
We simply applied the above formula
Are there multiple choice answers to choose from? There could be a myriad of answers if not.
