Answer:
communicate directly with the audit committee.
Explanation:
Answer:
The correct answer is D: Report the act to the client's Board of Directors and report the act to the SEC if the Board of Directors does not report it.
Explanation:
For a publicly traded company, if an auditor discovers an illegal act during an audit, the auditor's responsibility is as follows:
1) Report the discovered illegal act to the client's Board of Directors. This is the auditor's initial and primary responsibility.
2) If the Board of Directors does not report the illegal act to the SEC within a reasonable period of time, the auditor then has a responsibility to report the illegal act directly to the SEC.
3) The auditor does not report directly to the PCAOB (Public Company Accounting Oversight Board), which is the audit industry regulator. The auditor's responsibility is first to the client's Board of Directors, and then to the SEC if needed.
So in summary, the auditor should:
Report the act to the client's Board of Directors (A)Report the act to the SEC if the Board of Directors does not report it (B)While reporting to the PCAOB (C) is not required in this scenario.
Therefore, the answer is D: A and B only.
The key takeaway is that for publicly traded companies, if an auditor discovers an illegal act, their responsibility is first to the Board of Directors, and then to the SEC if the Board fails to report the illegal act themselves. The auditor does not report directly to the PCAOB in this scenario.
Hope this explanation helps! Let me know if you have any other questions.
one problem with the use of the polygraph to detect lying is that the test
Answer:
the person may be nervous, causing the test to be invalid
T/F: the two-bin system is a way to physically count items in inventory at periodic intervals.
False
Explanation: A two-bin system is a simple inventory management system that involves using two bins to store items. When the first bin is empty, the second bin is used while the first bin is replenished.
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
an extracurricular activity
a career and technical student organization
a professional organization
a cocurricular activity
Answer:
a professional organization
Explanation:
A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.
A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.
Answer:
C
Explanation:
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
What is a good rule of thumb for paying back your student loans?
OA. Pay off grants before loans.
O B. Pay off scholarships and books first.
OC. Pay back your parents first.
OD. Pay off high-interest loans first.
The good rule of thumb for paying back your student loans is: D. to pay off high-interest loans first.
What is student loans?Student loans usually have different interest rates depending on the type of loan, and it's important to prioritize paying off loans with the highest interest rates first. This will help reduce the amount of interest that accumulates over time and ultimately save you money in the long run.
Paying off grants before loans, paying off scholarships and books first, or paying back your parents first are not effective strategies for paying off student loans because grants and scholarships do not have to be paid back, and paying back your parents may not involve interest or other fees that student loans may have.
It's important to prioritize paying off loans based on the interest rate, and to make sure you're making at least the minimum payment on all loans to avoid default or other penalties.
Therefore the correct option is D.
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Answer:
OD. Pay off high-interest loans first.
Explanation:
What is the relationship between the production of vegetables and sale?
Answer:
The relationship between the production of vegetables and sale is the main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.
I hope it help you,
God blessed you1. Why is career education so important for teens?
does my ohio business need to pay sales tax for small business 2020
Answer:
I'd recommend calling your local tax office, but from what I know you will need to pay taxes on your net income.
Explanation:
My knowledge isn't too strong outside of PA and TX, and I'm not a tax official. If you're talking about the items you buy, you may be able to get something that's usually called a Sales Tax Exemption or Reseller Exemption. I'm assuming you're talking about sales tax on items sold, though.
Which positioning base for a product or service focuses on a personality or type of consumer? a. Product class b. Attribute C. Emotion d. Product user
Answer: product user
The positioning base for a product or service focuses on a personality or type of consumer called the product user.
What is a product user? A product user is a method of positioning a product based on the type of person who would use it. For example, when targeting a certain demographic, a business might create an advertising campaign that appeals to that demographic's characteristics in order to draw them in.
Let's look at some examples:
Product User Positioning Base: Herbal essences are designed for people who are environmentally conscious and care about natural ingredients. Herbal Essences has positioned its goods as being environmentally friendly and natural, appealing to customers who value these characteristics. The product user positioning base is used in this situation. Product Class Positioning Base: In this situation, goods are positioned based on the product class to which they belong. Apple positioned its products as being at the cutting edge of technology, providing a wide range of cutting-edge gadgets. The positioning base for the product class was used in this case. Attribute Positioning Base: In this situation, the goods are positioned based on a specific attribute or feature that distinguishes them from the competition. Nike is well-known for its athletic footwear and apparel, which are designed to provide comfort, durability, and high quality. The attribute positioning base is used in this situation. Emotional Positioning Base: In this situation, products are positioned based on the emotions they evoke in consumers. Coca-Cola, for example, is positioned as being the “real thing,” or a product that makes you happy brings people together, and provides a sense of warmth and familiarity. The emotion positioning base is used in this situation.To learn more about “product user” refer to the https://brainly.com/question/25922327
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what are the disadvantage of credit card
Answer: you don’t see your own money.
Explanation:
Allowing customers to search other redbox kiosks for a particular movie is made possible by new.
Allowing customers to search other Redbox kiosks for a particular movie is made possible by new technology.
What is meant by technology?This is the term that has to do with the application of scientific knowledge and learning into practical ways of doing things. It is the ability of man to produce machines and other equipment that are made possible from science and used in industries.
Hence we can say that Allowing customers to search other Redbox kiosks for a particular movie is made possible by new technology.
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What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?
Answer:
Penetration pricing is a pricing strategy where a company charges less than its competitors in order to entice its competitors' customers to patronise them instead.
Competitive pricing on the other hand will see a company charging the same price as its competitors.
Benefits of using Penetration pricing over Competitive
Reduce competition - If the company engaging in penetration pricing is large enough with more influence in the market, charging less than competitors might lead to competitors leaving the market as the prices will be too meagre for them to cover costs. Market Dominance - using penetration pricing can lead to customers moving from the competitors to the company using penetration pricing thereby giving that company market dominance. Economies of scale - Penetration pricing allows the company to sell more quantity of its product which means that it will have to produce more and this will reduce average costs for the company.Risks involved
Price War - There is a risk of a price war if a company uses penetration pricing. A price war happens when a company reduces its prices and their competitors react by reducing their own prices as well. It might led to a situation where this continues until all the companies are making significant losses. Brand Image damage - Cheaper products are usually perceived as having lower quality. Reducing prices might see customers believing instead that the brand is poor and so they may avoid it. Attracts low loyalty - The customers gained through this strategies most often have little brand loyalty and when a better deal comes than the one they are being offered in that moment, they will leave.OK I dont need an answer for this I just need help understanding what the heck the question means :
Do the businesses serve as exemplars of businesses that comply with the general rules and regulations that govern finance and marketing? Note two examples for each business.
Answer:
There are many government agencies that regulate business, such as OSHA. Businesses must comply with their rules and regulations or get fined.
Explanation:
The discounted cash flow approach is useful for __________.
• evaluating whether an asset is over-valued, under-valued or correctly priced
• graphing an asset's position on the security market line
• determining the value of future profits (or losses) in today's terms
• determining the value of a company's publicly traded equity
You own a small manufacturing business that produces widgets. You have spent $600,000 acquiring the fixed assets you need to produce widgets. Each widget costs you $20 to make and they sell for $65 each, so your variable cost is 30.8% of the overall revenue.
At your current level of operating leverage, how many widgets must you sell to break even?
• 7,059
• 18,000
• 9,231
• 13,333
Discounted cash flow analysis helps to determine the value of an investment based on its future cash flows.
A cash flow is a physical or virtual movement of funds; in its strictest sense, it refers to a payment, particularly one made from one central bank account to another. The term "cash flow" is typically used to refer to payments that are anticipated to occur in the future, are therefore uncertain, and therefore require cash flow forecasting.
However, it is common to use the term "cash flow" in a broader meaning to describe payments made into or out of a company, project, or financial asset. The concept of cash flow is loosely based on accounting rules for cash flow statements.
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a company's current assets are $30,420, its quick assets are $16,690 and its current liabilities are $12,920. its acid-test ratio equals:
The company's acid-test ratio is 1.29. This means that for every $1 of current liabilities
In this case, the company's quick assets are given as $16,690 and its current liabilities are $12,920.
Acid-Test Ratio = (Current assets – Inventory) / Current Liabilities
Acid-test ratio = Quick assets / Current liabilities
Acid-test ratio = $16,690 / $12,920
Acid-test ratio = 1.29
The acid-test ratio is a measure of a company's short-term liquidity, indicating its ability to meet its short-term obligations using only its most liquid assets. The ratio is calculated by dividing a company's current assets minus its inventory by its current liabilities. This ratio is also known as the quick ratio or the liquidity ratio.
The acid-test ratio provides investors and analysts with insights into a company's ability to pay off its short-term debts using its most liquid assets quickly. It excludes inventory from the calculation because inventory may not be easily converted into cash. A high acid-test ratio is considered a positive sign for a company, indicating that it has sufficient liquid assets to meet its short-term obligations.
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Which journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August?
A. Inventory Cr 1,000
B. Inventory Dr 1,000
C. Cash Dr 1,000
D. Cash Cr 1,000
Journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August Inventory Dr 1,000. Option B
What is a journal entry?Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances. The entry in the journal may include multiple recordings, each of which may be either a debit or a credit depending on the circumstance.
Each entry in the journal provides information that is pertinent to a single transaction made by a company.
This information includes the date, the amount that will be credited and debited, a short description of the transaction, and the accounts that will be impacted.
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3) Equity/Total Assets = 0,4. Equity: 70.000TL Total Liabilities?
The total liabilities of the company would be 175,000 TL.
Equity/Total Assets = 0.4 implies that the equity of the company is 40% of its total assets. In this case, if the equity is given as 70,000 TL (Turkish Lira), we can calculate the total liabilities of the company.
To calculate the total liabilities, we can use the equation:
Total Assets = Equity + Total Liabilities
Given that Equity is 70,000 TL and the Equity/Total Assets ratio is 0.4, we can rearrange the equation:
Total Liabilities = Total Assets - Equity
Since Equity/Total Assets = 0.4, it means that Total Assets/Total Assets = 1, which allows us to rewrite the equation as:
Total Liabilities = (1 - Equity/Total Assets) * Total Assets
Substituting the values:
Total Liabilities = (1 - 0.4) * Total Assets
Total Liabilities = 0.6 * Total Assets
Since the ratio of Equity/Total Assets is given as 0.4 and the equity is 70,000 TL, we can calculate the total liabilities by dividing the equity by 0.4:
Total Liabilities = 70,000 TL / 0.4
Total Liabilities = 175,000 TL
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Under the ERISA, which of the following would NOT be considered a qualified public accountant as defined by Section 103? a. A person who is a certified public accountant, certified by a regulatory authority of a state. b. A person who is a licensed public accountant, licensed by a regulatory authority of a state. c. A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government. d. A person certified by the Secretary of Labor as a qualified public accountant in accordance with regulation published by the Secretary for a person who practices in states where there is no certification or licensing procedure for accountants.
Under the ERISA, A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government would not be considered a qualified public accountant as defined by Section 103. Thus, Option C is the correct statement.
Who is a qualified public accountant u/s 103?Under the section 103(a)(3)(D) of ERISA the term “qualified public accountant” means—
(i) someone who's an authorized public accountant, licensed through a regulatory authority of a State;
(ii) someone who's a certified public accountant, licensed through a regulatory authority of a State, or
(iii) someone certified through the Secretary as a qualified public accountant according to policies posted through the Secretary for a person who practices in States where there may be no certification or licensing procedure for accountants.
Under the ERISA, A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government would not be considered a qualified public accountant as defined by Section 103. Thus, Option C is the correct statement.
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Changes in factors of production that influence economic growth will? a. not shift sras or lras. b. shift sras and lras. c. shift sras but not lras. d. shift lras but not sras.
Answer:
b shift both sras and lras
Explanation:
factor of production are the resourced that are the building blocks of the economy they are four in number labor ,land, capital,entrepreneurship these factors influence the growth of production.
the sras or short run aggregate supply curve it represents a short-run relationship between price level and output supplied.higher level of productivity will curve sras level to right.
lras a curve that shows the relationship between price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible;this curve also shipts to right.
conclusion: the factor of production influences both curve short run aggregate supply curve and long run aggregate supply .
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Which of the following statements can correctly be made about illness?
there is no option can you tell option so I can help
How do management accountants help managers make business decisions?
Answer:
Relevant costs analysis
Audience targeting
Make or buy evaluations
Define Budgets
Explanation:
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If you get into a car accident, your___________ may increase because you will be considered riskier for insurance companies to cover
A. Car loan payment
B. Insurance premium
C. Taxes
D. Claims adjustment
Answer:
B. Insurance premium
Explanation:
If you get into a car accident, your Insurance premium may increase because you will be considered riskier for insurance companies to cover. Thus, option B is correct.
What are companies?A corporation is a legal body formed by a number of people to conduct and manage a business entity, whether it be commercial or industrial. An organizational model that will work as an individual representative and not in a collective manner.
As you already must be paying some amount of insurance premium, that premium will help you pay for the damage that has occurred this time. but still, when you next time may have a plan, they will increase the insurance premium.
After the accident, you have shifted from a lower-risk person to a higher-risk person. Therefore, option B is the correct option.
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True or false?
1-In banking, BI is commonly used only for enterprise-level insights, but never departmental-level or functional-level.
2-Business intelligence and data warehousing are closely related disciplines.
3-Data warehousing is a closely related discipline to business intelligence.?
4-You should architect and design your business intelligence capabilities and your data warehousing environment with each other in mind.
5-Most industries have some aspects of BI that are unique to that industry and don’t apply to other industries.
1-In banking, BI is commonly used only for enterprise-level insights, but never departmental-level or functional-level is False statement
2-Business intelligence and data warehousing are closely related disciplines is True statement
3-Data warehousing is a closely related discipline to business intelligence is True statement
4-You should architect and design your business intelligence capabilities and your data warehousing environment with each other in mind is True statement
5-Most industries have some aspects of BI that are unique to that industry and don’t apply to other industries is True statement
False: Business Intelligence (BI) is used at both enterprise-level and departmental/functional-level in banking. It provides insights and analytics for various levels of the organization.
True: Business intelligence and data warehousing are closely related disciplines. Data warehousing involves the process of collecting, organizing, and storing data, while business intelligence involves analyzing and utilizing that data for decision-making purposes.
True: Data warehousing is indeed a closely related discipline to business intelligence. Data warehousing involves the creation and management of a central repository of structured data that can be used for reporting and analysis in business intelligence processes.
True: It is recommended to architect and design business intelligence capabilities and data warehousing environments with each other in mind. They are interconnected and should be aligned to ensure efficient data integration, processing, and reporting.
True: Most industries have specific aspects of business intelligence that are unique to them. Different industries may have different data sources, metrics, and key performance indicators (KPIs) that are specific to their operations and require industry-specific analysis and reporting.
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Which one of the following is one way to think about management?
a. efficiency in motion b. the science of helping people c. the science of accomplishing things d. the art of getting things done through people
one way to think about management is the art of getting things done through people.
In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management. Furthermore, the capacity to organize, supervise, and guide people is a component of management.
Management is the art of increasing productivity as a social process, a way to accomplish tasks with the help of others, a plan of action, and guidance by a cooperative team working towards a common objective. Management is the process of using available resources efficiently to accomplish a goal.
Problem-solving and decision-making, preparation, meeting management, delegation, communication, and self-management are among the fundamental abilities. These fundamentals serve as a springboard for more sophisticated management and leadership techniques.
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A mortgage company quotes a lending rate of 7% APR with monthly repayments (that is, monthly compounding) or 7 4
1
% with payments once every year. Which is the better deal for the borrower? (a) Pay once a month (b) Pay once a year (c) Both are equivalent (d) The two deals cannot be compared Answer for (5) 6. (Note: Full computations are not necessary for this problem. The mumbers are just a useful guide to think through the problem). Today is Anita's birthday and she is planning for retirement. She wishes to have an annual income of $50,000 per year for 20 years starting exactly one year from now. She receives her income once a year, and always on her birthday. She has decided that at the current interest rate (which is x% ) she should set aside $600,000 today to achieve her retirement income goal. As she is walking to the bank to deposit the funds with her banker, she learns that the interest rate has gone up above ×%. Which of the following statements is true? (a) Anita will need to set aside more than $600,000 because the interest rate has gone up. (b) Anita will need to set aside less than $600,000 because the interest rate has gone up. (c) Anita will need the same $600,000 because her income requirement has not changed. (d) We cannot say whether Anita needs to set aside more or less money than $600,00 because we do not know the original interest rate.
The better deal for the borrower is option (b) Pay once a year.
For second question (Anita's case) option D is correct i.e.We cannot say whether Anita needs to set aside more or less money than $600,00 because we do not know the original interest rate.
The interest rate has since gone up above x%. Without knowing the original interest rate, we cannot determine if Anita needs to set aside more or less than $600,000 to achieve her retirement income goal.
For the first question, paying once a year is a better deal for the borrower as it offers a higher interest rate than monthly repayments.
When comparing the two rates offered by the mortgage company, we see that the annual percentage rate (APR) for payments made once a year is 7.41%, while the APR for monthly repayments is only 7%. This means that paying once a year would result in higher returns for the borrower. It is important to note that while the difference in interest rates may seem small, it can add up over time when considering the total amount borrowed and the duration of the loan.
For the second question, we cannot say whether Anita needs to set aside more or less money than $600,000 because we do not know the original interest rate.
We are given that Anita wishes to have an annual income of $50,000 per year for 20 years starting exactly one year from now. She has determined that she needs to set aside $600,000 at the current interest rate to achieve this goal. However, the interest rate has since gone up above x%. Without knowing the original interest rate, we cannot determine if Anita needs to set aside more or less than $600,000 to achieve her retirement income goal.
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Lululemon's website encourages individuals interested in employment to inquire in-store; this is an example of:
A. training
B. internal recruitment
C. external selection
D. internal selection
E. external recruitment.
The fact that those interested in employment are advised to inquire in-store is an example of C. External selection.
What is external selection?This refers to an employment type where those who are allowed to be employed are people from outside the company alone and not current staff.
In this case, Lululemon is asking for prospective from outside the store to inquire in the store. This means that those to be selected will come from outside.
In conclusion, option C is correct.
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A company has budgeted overhead of $10,000 and standard overhead applied of $10,400. The volume variance is:
Based on the budgeted overhead and the standard overhead, the volume variance would be $400 Favorable.
What is the volume variance?The volume variance can be found as:
= Standard overhead applied - Budgeted overhead
Solving gives:
= 10,400 - 10,000
= $400
As this figure is positive, this is a favorable variance.
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New issues of short term municipal notes and bonds are available in which form? a bearer b book entry c registered to principal only d registered to principal and interest
Municipal notes are typically issued in advance of tax payments, earnings, or bond sale revenues.
All new debt issues only come in the book entry form.
What is meant by municipal notes?Municipal notes are typically issued in advance of tax payments, earnings, or bond sale revenues. Compared to municipal bonds, municipal notes are less vulnerable to changes in interest rates.
Municipal securities, sometimes known as "munis," are bonds issued by states, cities, counties, and other municipal organizations to obtain funds for the construction of public infrastructure such as roads and schools.
Municipal bonds, often known as "munis," are debt securities issued by states, cities, counties, and other local bodies to pay for ongoing expenses as well as to fund capital projects like constructing schools, roads, or sewer networks.
Municipal bonds provide stability for your capital with low default rates, even though they may have lower interest rates than riskier investments like corporate bonds or stocks. Additionally, interest on munis is not subject to federal taxes, which makes it a desirable investment.
Therefore, the correct answer is option b) book entry
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What is starbucks doing to better the economy and environment in areas around the world?.
Answer:
Cutting down on carbon, water, and waste footprints by half
Explanation:
In 2020 Starbucks committed to a resource-positive future, formalizing environmental goals to cut its carbon, water, and waste footprints by half. As a progression against those goals, the company commits to Carbon Neutral Green Coffee and to conserving water usage in green coffee processing by 50%, both by 2030.
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What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year
Answer:
C. calculating how much tax should be withheld from a person's paycheck
Explanation:
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.
Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Answer:
its c
Explanation:
just took the unit test on edge