The account earned+ 6.6 % per year.
What does one mean by deposit?You make a deposit when you add money to your bank account. to create savings and generate interest, you ought to put money in a bank. For money you'll withdraw at any time, a requirement deposit is made.
A certificate of deposit is an investment for the long term. once you take out a loan, you'll also pay a deposit as collateral.When you deposit money, you place it during a checking or savings account.
The minimum monthly deposit required from the customer is $100. an individual or item is put or left somewhere when they are deposited there.
What is deposit and withdrawal?
If you're wondering what's the difference between a deposit and a withdrawal, the reality is that they are exact opposites: A deposit is money put into a bank account for safekeeping until you need it. A withdrawal is money that's taken out of your account.
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The __________ is the rate of return a firm must earn on its investment in order to maintain the market value of its stock.
The yield to maturity is the rate of return a company has to achieve on its investment to keep the market value of its stock stable.
What Is YTM, or Yield to Maturity?
The projected total return on a bond, assuming it is kept until maturity, is known as yield to maturity (YTM). Yield to maturity, which is expressed as an annual rate, is regarded as a long-term bond yield. To put it another way, it is the internal rate of return (IRR) of a bond investment if the investor retains the bond to maturity, with all payments made according to schedule and invested at the same pace.
Another name for yield to maturity is "book yield" or "redemption yield."
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The norwegian kroner's (nok) value yesterday was $0.08133. today, its value is $0.08006. thus, the kroner ________ by ________ percent.
The norwegian kroner's (nok) value yesterday was $0.08133. today, its value is $0.08006. thus, the kroner Depreciated by 1.56 percent
(0.08006-0.08133)/0.08133=- 1.56
What is deprecation ?
Economic depreciation is a term used to describe the gradual decline in an asset's market value caused by important economic causes. This type of depreciation typically affects real estate, which can depreciate due to a variety of factors, including the addition of unpleasant development next to a property, the closing of roads, a drop in the caliber of a neighborhood, or other negative influences.
Accounting depreciation is distinct from economic depreciation. An asset is expensed over a predetermined period of time in accounting depreciation according to a predetermined schedule.
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Gross profit and income from operations are reported on a multiple-step but not on a single-step income statement. True or false
This is true! Gross profit and income from operations are not on a single-step income statement. Instead, they are reported on a multiple-step.
A company's net income is determined by adding together two significant subtotals in a multiple-step income statement:
Subtotal for a business that sells products is the amount of gross profitThe quantity of operating incomeThe single-step income statement is a different structure for an income statement that starts with operating revenues, nonoperating revenues, and gains before moving on to operating expenses, nonoperating expenses, and losses.
Multiple-Step Income Statement would look like this:
Net Sales 0.00
Cost of Sales 0.00
Gross Profit 0.00
SG&A Expense 0.00
Operating Inc. 0.00
Investment Inc. 0.00
Interest Expense (0.00)
Loss on Sales (0.00)
Net Income 0.00
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The rapidly evolving business environment requires the management of in the organization to respond to it. True or false?.
It is true that management in the organization needs to respond to the rapidly evolving business environment.
With the rapid advancement in technology and business working procedures, management in the organization needs to respond to the rapidly evolving business environment and changes. If the management doesn't inculcate strategic management in their organization that responds to changes in the business environment, then the organization may face severe issues in production, performance, and achieving the overall goals. The purpose of the inclusion of strategic management is to respond to evolving such changes.
Higher management needs to implement strategic management in their organization to boost their productivity, and efficiency and obtain the overall goals while responding to the rapidly evolving business environment. For example, currently, all organizations are shifting toward digital inclusion. These organizations use social media as a tool to reach their targeted customers. If any organization is not using social media, then obviously they are losing customers and could not reach their targeted customers.
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Answer:change
Explanation:
The substitution effect of a change in the price of bananas refers to the way in which a change in the:______.
The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.
What is change in the price?
The difference between an asset's original and final values is known as the price change. It might be detrimental or beneficial. Investor choices are influenced by price movements. Investor confidence will be high for a financial instrument that exhibits a steady price increase over time.
Therefore,
The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.
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______ is achieved through efficient operations, excellent supply chain management, and strong relationships with suppliers.
Operations efficiency, superior supply chain management, and solid supplier relationships are the keys to operational excellence.
When a company implements and carries out its regular business operations better than its rivals in a given market or industry, it is said to be exhibiting operational excellence. It's a way of thinking that puts a greater emphasis on leadership, teamwork, and problem-solving techniques than competitors or alternatives do.
Businesses that concentrate on operational excellence strategies comprehend the benefits to their customers of consistency, simplicity, lesser errors, and faster turn-around, as well as how to address problems that hinder their operating model. Every job within the company is affected by this idea. Everyone at organizations with operational excellence performance knows how they can help the company achieve its objectives of lowering costs, raising volumes, automating tasks, and streamlining processes.
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During world war ii, many factories were converted from producing consumer goods such as cars to producing munitions. What is this an example of?.
Many factories were transformed during World War II from producing consumer items like automobiles to producing munitions is an example of production possibility.
Munitions are tools and materials used in warfare, particularly bombs, shells, and firearms. A few examples of munitions are missiles, bombs, rockets, etc.
Production possibility is an examination of the potential combinations of two items that can be created using the resources and technology that are existing.
For example, consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is point B on the diagram. Fewer apples must be produced if it wishes to grow more oranges.
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Who typically coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure?
A high-ranking manager from that area coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure.
A project is any task, executed personally or collaboratively and possibly regarding research or design, this is cautiously planned to gain a specific purpose.
An undertaking also can be defined as a hard and fast of inputs and outputs required to obtain a selected aim. initiatives can vary from simple to complex and can be controlled via one individual or 100.
A mission definition (also called a task constitution) is a document that establishes the key targets and phrases of a task. proper mission definition paves the manner for on-time and on-budget shipping because it lowers the hazard of scope creep, budget overrun, and worker burnout.
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The key to managing relationships to achieve customer success is __________________?
The key to managing relationships to achieve customer success is to coordinate your unique talents with the success criteria of your clients.
What is customer success?Customer Success is a long-term, professionally managed, scientifically developed business strategy for increasing customer and business sustainable demonstrated profitability.
A solution to the fundamental problems of customer portfolio development, retention, and expansion is what the developing role is all about. Customer Success is actually the merging of the roles and responsibilities of marketing, sales, professional services, training, and support into a new career. An in-depth understanding of the clients, practical skills in the product being sold, and broad domain knowledge are the three fundamental components of this rising profession.
Sustainable business profitability and growth are the ultimate strategic objectives of the Customer Success function. Making your clients as profitable and productive as you can is the strategy.
Thus, Option c) To align your distinctive competencies with customers' success factors is the correct answer.
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2. List FIVE different presentation methods that are now available to presenters and explain
how they are making presenting more interactive?
FIVE different presentation methods are now available to presenters.
A number of the exceptional presentation strategies, the primary ones are formal and formal. Their distinction is specifically in the fashion of your shipping and the information presentation methods. The formal presentation is pleasant desirable for the enterprise meetings or university degree, scientific displays.
Informative shows.Instructive presentations.Persuasive shows.Motivational displays.progress presentations.if speakme to presentation slides, keep away from cluttering them with a lot records that no person will read them. encompass the simplest key points on the slides and intersperse images in the course of your presentation to create a hobby and connect with your target audience's senses.
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What were costco operating and net profit margins in that year? how do they compare with its margins in the prior year?
A. The operating profit margin was 3.10% while the net profit margin was 2.40% in 2019. The former decreased while the latter increased with respect to those of the prior year.
What are the operating profit margin and net profit margin?The operating profit margin is the ratio of the operating profit to the net sales for the period.
The net profit margin is the net income ratio to the period's net sales.
Both operating profit margin and net profit margin are financial ratios used to indicate the profitability of the business, making it comparable to previous periods or other businesses.
Data and Calculations:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
Operating Income margin 3.17% 3.24%
Net Income margin 2.45% 2.26%
Operating Income margin = Operating Income/Net Sales x 100
Net Income margin = Net Income/Net Sales x 100
Thus, Option A is the best choice for Costco's operating profit and net profit margins for 2019.
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Question Completion with Answer Options:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
(Select the best choice below.)
O A. The operating profit margin was 3.10% while the net profit margin was 2.40%. The former decreased while the latter increased with respect to those of the prior year.
OB. The operating profit margin was 3.02% while the net profit margin was 2.12%. The former decreased while the latter increased with respect to those of the prior year.
OC. The operating profit margin was 3.16% while the net profit margin was 2.21%. The former decreased while the latter increased with respect to those of the prior year.
OD. The operating profit margin was 3.19% while the net profit margin was 2.08%. The former decreased while the latter increased with respect to those of the prior year.
When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called:__________
When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called Accord and Satisfaction
Who is a debtor?
A business or person that owes money is called a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as the borrower, and if the debt is in the form of securities, such bonds, the debtor is referred to as the issuer. A voluntarily petitioner for bankruptcy protection is likewise regarded as a debtor for legal purposes.
Who is a creditor?Usually through a loan arrangement or contract, a creditor is a person or organization that offers credit to another party so they can borrow money. Creditors can be categorized as personal or actual.
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Stair company accepted a credit card with a fee for services rendered. as a result of this transaction ______.
Stair company accepted a credit card with a fee for services rendered. The transaction resulted in: a) total assets rose; b) shareholders' equity raised, and c) documented revenue surpassing accounts receivable.
Can a company turn down credit card purchases?Business owners are allowed to refuse credit cards as payment under both state and federal law. Many businesses decide to establish a minimum purchase requirement for credit cards, meaning that customers who want to make smaller purchases will need to pay in cash.
Increasing cash flow is crucial for business expansion, and accepting credit cards is a guaranteed method to do so while also shortening the time it takes for your company to receive payment. Most credit card payments fund far more quickly than other payment methods like ACH or checks.
Only balance sheet accounts—a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable—are impacted by the entry to write off a bad account. Because this write-off is "covered" by the earlier adjusting entries for expected bad debts expenditure, there is no expense or loss declared on the income statement.
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In a simple model of the supply and demand for pizza, when buyers' income increases, the price of pizza ______ and the quantity purchased ______.
In a simple model of the supply and demand for pizza, when buyers' income increases, the price of pizza Increases and the quantity purchased increases.
What is the Law Supply and Demand ?
Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand.Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.To know more about Supply and Demand visit :
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The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
true/ false
The statement "The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time" is true.
What is a balance sheet?A balance sheet is basically the snapshot of a company in time, showing its financial position at a certain moment. A balance sheet will include the following:
The company's assets, that is, everything that is owned by the company.The company's liabilities or everything it owes.The owner's equity.What is an income statement?The income statement, also known as the profit and loss statement, is a summary of a company's financial performance, but over a determined period of time.The income statement helps the company adjust and take action whenever things do not go as originally planned. An income statement will include the following:
GainsLossesExpensesRevenuesWith the information above in mind, we can conclude that the sentence provided in the question is true. The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
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Payments into a variable annuity contract are deposited to the insurance company's: ________
a. general account
b. special account
c. separate account
d. special memorandum account
The correct answer is (c) separate account.
Deposits made to variable annuities are made into a different investment account (i.e., one that is not part of the insurance company's main investment account). Shares of a chosen mutual fund are purchased using the separate account. The amount of the annuity received depends on how well the mutual fund shares performing in the separate account.
What is the function of a variable annuity?An agreement between you and an insurance company known as a variable annuity states that the insurer will pay you on a regular basis, either starting now or at a later time. A single purchase payment or a series of purchase payments are required to buy a variable annuity contract.
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A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. calculate the firm's short-run profit or loss.
A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. The firm had a short-run loss of $6,000
What is Short-run production?Short-term production is the only kind of production that happens in real-time. Businesses typically concentrate their decisions on operational issues, which are described as specific decisions made to manage the day-to-day operations of the organization. Businesses are constrained by a variety of factors, including personnel, infrastructure, skill sets, and technology. Decisions, therefore, reflect how to maximize output in light of these constraints. Increases and decreases in variable factors are the only things that can have an immediate impact on the output produced by businesses. They might alter factors like labor and raw supplies. Since they are still in the beginning stages of production, they are unable to adjust permanent elements like buildings, rent, and know-how.
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L is no longer eligible for the employer's $50,000 group life insurance plan. l dies 28 days later without sending in the required conversion paperwork. what will their beneficiaries receive?
$50,000 minus any outstanding premiums
There is a grace period during the conversion phase. If a dismissed or ineligible employee passes away during the conversion period, regardless of whether they intended to choose individual coverage or not, the group insurance will pay the death claim, less the applicable benefit premium.
A Beneficiary is what?
A beneficiary is someone (or anything) who is chosen to profit from someone else's property. Beneficiaries typically get these advantages as a part of an inheritance.
In the legal agreements governing a life insurance policy, retirement account, brokerage account, bank account, and other financial instruments, a beneficiary may be named.
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.
In the context of a database marketing campaign, _______ tells a business how much it should spend to maintain a relationship.
The Customer lifetime value helps to inform a business on how much it should spend to maintain a relationship in a database marketing campaign.
What is a Customer lifetime value?
A customer lifetime value guides to a ratio that tells about the total revenue that a business can politely expect from a single client.
Hence, the customer lifetime value enables the firm to know valuable customers which allow to know who to minister most importantly.
Therefore, the Option C is correct
Database marketing is a methodical approach to the community, consolidation, and processing of client data.
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An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from:_____.
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
The economy in points A, B, C, and D is at full employment. Some employees make bread, while others make wine. Points F and G depict scenarios where the unemployment rate varies depending on the state of the economy. Point E illustrates a growing economy that is performing above its maximum level of employment. When the unemployment rate is between 4% and 5%, an economy is considered to be in full employment; nonetheless, frictional unemployment is always present.
Given that the economy was at full employment when the question was asked, but that unemployment then rose, the starting point must be A, B, C, or D, and the final position must be F or G. Only option D, from points C through F, makes sense.
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
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When a company uses cost-plus pricing, they consider both the costs of production and the desired profit.
A. True
B. False
It is a false statement that a company consider both the costs of production and the desired profit when it uses cost-plus pricing.
What is a pricing?It means the decision-making process that goes into establishing a value for a product or service. Different strategies are used by business when setting prices but they are all a form of pricing. The price that was set during the pricing process is what the customer will pay for that product or service.
The cost-plus pricing, which is called a markup pricing is the pricing method where a fixed percentage is added on top of the cost it takes to produce one unit of a product, hence, the resulting number is the selling price of the product.
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According to a popular statement in economics, if not for _______________, we should be able to grow the worlds food supply in a flower pot.
According to a popular statement in economics, if not for consumption, we should be able to grow the world's food supply in a flower pot.
What is economics?Economics is the subject regarding the monetary affairs. It is also concerned with the fulfillment of needs and desires through the distribution of finite resources with many uses. It is the study of need and choice.
According to a common economics assertion, we should be able to produce the world's food supply in a flower pot if not for consumption.
There is a demand for resources, yet resources are few. Everyone's needs would be met if there were an abundance of resources. Therefore, it can be concluded that consumption is in large amount as compared to the availability of resources.
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How does an increase in the price of laptop memory chips affect the market of laptops if memory chips are inputs in laptops?
If memory chips are inputs in laptops, a price increase for those memory chips will have an impact on the market for laptops by shifting the supply curve for laptops to the left.
What Exactly Is A Memory Chip?
An integrated circuit that can store data or be used to process code is known as a memory chip. It is made up of millions of capacitors and transistors. Random access memory (RAM) and read-only memory are two different types of memory that can be stored on memory chips (ROM). A processor may read but not modify the data that is permanently stored in read-only memory.
Different shapes and sizes of memory chips are available. While some can be linked directly, others require unique drives. Memory chips are crucial parts of computers and other electronic devices where memory storage plays a significant role.
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Which journal would the company use to record the correction of the error in inventory?
It is the sales journal that has been used by a company to record the correction of the error in inventory. Hence, Option A is correct.
What is the error in inventory?Before one can understand what an error in inventory is, one must first understand what inventory is. "Inventory" is a term used in commerce to announce which goods and materials a business has on hand.
The ultimate goal of this inventory is to resell this product and utilize the money that one gets from selling it. When a company makes any kind of mistake in recording, the correction of inventory will be made in the sales journal.
Thus, option A is correct.
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The complete question is attached in text form:
Which journal would the company use to record the correction of the error in inventory? A. sales journal. B. purchases journal. C. cash receipts journal.
If a company incorrectly records cash received for services to be provided in the future with a debit to cash and a credit to sales revenue, how will this error affect net income for the current period?.
The error will affect net income for the current period in such a way that Net Income will be too high.
Net Income: The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in the company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Revenue will be inflated instead of liabilities. The current period's larger net income will result from an overestimation of revenue. On the other side, liabilities are overestimated. Entry to cash is precisely done and it will not affect owing to this inaccuracy. So, the net income will be excessive.
Net Income will be too high.
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The total of the stockholders' rights or claims to the assets of a corporation is called?
The total of the stockholders' rights or claims to the assets of a corporation is called total stockholders' equity.
What is meant by Stockholders' equity?The quantity of shareholders' equity, also referred to as shareholders' equity, is shown on a company's balance sheet as the difference between its assets and liabilities.
Stockholders' equity typically consists of the proceeds from the sale of the company's common and preferred stock, plus the company's earnings less any payments to stockholders. In other words, one source of the corporation's assets is stockholders' equity. (The corporation's creditors, as shown by its liabilities, are the other source.)
Equity held by shareholders as well as liabilities are considered as claims to the assets of the company. The claim by the stockholders, however, is made after the liabilities have been settled.
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A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. the company has 91,000 shares of common stock outstanding. earnings per share is equal to?
A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. the company has 91,000 shares of common stock outstanding. earnings per share is equal to $2 dollars per share
Pretax earnings are a company's income left over in the end operating expenses, including interest and depreciation, are deducted from total sales or revenues, but before income taxes are subtracted, 200,000 - 18,000 = 182,000, 182,000 / 91,000 = 2
When people speak about income and salary and tell you how much money they create, the numbers stockholders they mention are usually pre-tax numbers. The thing is, after you get paid, your salary gets paid post-tax.
Net income after taxes is calculated by taking revenue and subtracting all of a company's expenses and costs, including the following: Cost of products sold, which represents the prices involved.
As a result, this lowers the full income amount that's taxed, which reduces the income taxes the worker is liable for paying. Gross profit deducts costs of products sold (COGS). Operating profit factors in both COGS and every one.
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on december 1, jasmin ernst organized ernst consulting. on december 3, the owner contributed $85,160 in assets to launch the business. on december 31, the company’s records show the following items and amounts.
If on December 1, Jasmin Ernst organized Ernst consulting and on December 3, the owner contributed $85,160 in assets to launch the business. ERNST CONSULTING Income Statement For Month Ended December 31 will be showing: $3,400.
ERNST CONSULTING Income Statement For Month Ended December 31 is as follows:
Revenues are:
Consulting revenue $17,950
Expenses are:
Rent expense $4,720
Salaries expense $8,220
Telephone expense $900
Miscellaneous expenses $710
Total expenses $14,550 (4720+8220+900+710)
Net income $3,400
Net income is calculated as ($17,950-$14,550)
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For some goods and services, the cost of marketing accounts for about half of what the consumer pays for them. True or false
About half of the price consumers pay for various goods and services is attributed to marketing expenses. True
An expense is something that requires paying cash, or fortune in general, to another person or organization in exchange for a good, service, or other kind of cost. Rent is an expense for a tenant. Tuition is an expense for both parents and students. It's common to refer to expenses as things like buying food, clothes, furniture, or a car.
An expense is a sum of money that is "paid" or "remitted," typically in return for something valuable. "Expensive" refers to something that appears to cost a lot of money. A thing is "inexpensive" if it appears to be inexpensive. Dining, refreshments, a feast, and other expenses are referred to as "costs of the table."
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The two primary decision-specific qualities that make accounting information useful are:________
The most important decision-specific characteristics that make accounting information helpful are relevance and faithful depiction.
Accounting data is the information that is recorded in the books of accounts and is utilized by management to make decisions. Financial statements are created using this data.
The information provided should be pertinent to the financial statement users and aid in their decision-making. Users may rely on the reported information to develop their opinions and make decisions because dependability guarantees that correct information is reported. According to the feature of relevance, the information must be both confirmatory and predictive in order for users to make and assess economic decisions. The type and substance of information have an impact on its relevance. A depiction would need to have three qualities in order to be an exact replica. It would be whole, impartial, and error-free.
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