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2 years ago

Briefly describe the two fundamental qualities of useful accounting information ?

SAT

1 answer:

Sindrei [870]2 years ago

8 0

Explanation:

Relevance and reliability are the two primary qualities that make accounting information useful for decision making.

Relevance: Relevant information is capable of making changes or differences in decision making by helping in forming predictions about the results of past, present, and upcoming events for correct expectations.

Accuracy: It depends on whether the information, numbers, and descriptions match what happened earlier and what exactly existed.

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You get a $60,000 loan for a new dump truck. With the truck, you can generate $500 more business each week at 80% margin. Your i

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Assuming your interest rate on the loan is 8. 6%. The additional margin generated will cover the interest payments.

<h3>Additional margin</h3>

Let determine the weekly interest

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Let calculate the amount left since the business generates $500 at a margin of 80

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Inconclusion the additional margin generated cover the interest payments.

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The image that has the 10N forward force alone is the fastest while the image that has the 10N forward force and two 5N backward forces is the slowest.

<h3>What is acceleration?</h3>

The term acceleration refers to the change of velocity with time. The acceleration of a body depends on the mass of the body and the force acting on it.

Looking at the image attached, the image that has the 10N forward force alone is the fastest while the image that has the 10N forward force and two 5N backward forces is the slowest.

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2 years ago

Briefly describe the two fundamental qualities of useful accounting information ?​

Briefly describe the two fundamental qualities of useful accounting information ?