When an audit team is unable to apply an auditing procedure to an account balance or class of transactions, they should first attempt to determine whether alternative auditing procedures are available and can be applied. Option A is correct.
This is important because it ensures that the audit is as comprehensive and accurate as possible. If no alternative procedures are available, then the auditor should assess the materiality of the scope limitation and consider whether it is significant enough to affect the opinion on the financial statements.
However, withdrawing from the engagement and issuing a disclaimer of opinion or notifying individuals currently relying on the financial statements that the statements may no longer be relied upon are extreme measures and should only be taken as a last resort.
Therefore, option A is correct.
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What is the name of the legal documents that specify arrangements between partners?
A. General Partnership
B. Fartnership Contract
C. Partnership Agreement
D. Articles of Partnership
Answer:
C. Partnership Agreement
Explanation:
It's the legal document that dictates the way a business is run and details the relationship between each partner.
in the hvacr trade tubing is joined together by what?
Answer:
Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Why would South Africa’s import value be higher than export value
South Africa exports of items and services as proportion of GDP is 30.47% and imports of items and services as proportion of GDP is 25.53%.
Why import is greater than export?A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a sturdy home forex hampers exports and makes imports cheaper. Higher inflation can also influence exports via having a direct have an effect on on input fees such as materials and labor.
Imports become extra expensive. Exports and AD make bigger causing demand-pull inflation.
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https://brainly.com/question/27899202#SPJ13The product life cycle refers to the stages a product moves through from the time it enters the market until the time
It's the stage by which a product move through from the time it enters the market until the time it is cleared. My own definition states that it's the length of time by which a product is introduced to consumers in the market until it has been removed
What is one way to achieve financial well-being?
Answer:
There are many ways to achieve financial well-being. Here is one way:
**Create a budget and stick to it.** A budget is a plan for how you will spend your money each month. It helps you track your income and expenses, so you can see where your money is going and make sure you are not spending more than you earn. There are many different budgeting methods, so find one that works for you and stick to it.
**Pay off debt.** Debt can be a major financial burden, so it is important to pay it off as quickly as possible. Start by making a list of all your debts, including the amount you owe, the interest rate, and the minimum payment due. Then, focus on paying off the debt with the highest interest rate first. Once that debt is paid off, move on to the next one.
**Save for emergencies.** It is important to have a rainy day fund in case of unexpected expenses, such as a job loss, medical emergency, or car repair. Aim to save enough money to cover at least 3-6 months of expenses.
**Invest for retirement.** Retirement can be expensive, so it is important to start saving for it early. There are many different ways to invest for retirement, so talk to a financial advisor to find the best option for you.
**Live below your means.** This means spending less money than you earn. It can be difficult to do, but it is important to make sacrifices in order to reach your financial goals.
**Get out of debt.** If you are in debt, it is important to get out of it as quickly as possible. There are many different ways to get out of debt, so talk to a financial advisor to find the best option for you.
**Save for your future.** It is important to save for your future, whether it is for retirement, a down payment on a house, or your child's education. There are many different ways to save for your future, so talk to a financial advisor to find the best option for you.
**Get financial advice.** If you are not sure how to achieve financial well-being, it is a good idea to get financial advice from a qualified professional. A financial advisor can help you create a budget, pay off debt, save for your future, and make other financial decisions.
Explanation:
a firm has 5 million shares outstanding with a market price of $25 per share. the firm has $15 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. what is the firm's value of operations after the repurchase? enter your answer in millions. for example, an answer of $1 million should be entered as 1, not 1,000,000. round your answer to the nearest whole number.
By multiplying the business's price-earnings a couple of via the business's salary per share for the year, you can arrive at a per-share charge for the first-rate stock.
Multiply that amount by the wide variety of fantastic shares to decide the cost of the corporation.
What is the complete fee of company?Enterprise fee (EV) measures a company's whole value, often used as a extra comprehensive choice to fairness market capitalization. Enterprise cost consists of in its calculation the market capitalization of a employer but also short-term and long-term debt and any money on the company's stability sheet.
Why is corporate value important?Company values are the leading ideas of an enterprise that replicate the organization's company and culture. They decide an organization's internal and exterior standards, which is represented in the way of life and approach. These beliefs are the binding aspect between the enterprise and its employees.
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Assets Liabilities
car - $3,500 car loan - $3,000
savings account - $1,000 credit card - $500
cash - $80
stock - $120
$1,200
$8,200
$12,000
$500
The net worth of the person, using the given information, can be found to be $ 1, 200
What is a person's net worth ?The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.
A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.
In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.
The net worth of a person can be found by the formula :
= Assets - Liabilities
= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500
= 4, 700 - 3, 500
= $ 1, 200
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How are wealth and savings related?
Answer:
Wealth is an abundance of money and if you are good with your savings are a way you can get wealth
Read the excerpt from It's Our World, Too!: Young People Who Are Making a Difference.
Andy Percifield had been busy, too. There were only two days before the next game. He was determined that his school would do the right thing, no matter what the principal said. He had an idea: maybe the students themselves could write a letter against racism that could be read over the microphone in the press box to everyone at the game. It would have to be powerful enough to satisfy the protesting players and shame the racist fans.
Which statement best describes how Andy has been affected by the conflict?
Hello. You forgot to show the answer options. The options are:
Andy has lost his faith in the system after talking to the principal and he has decided to act on his own.
Andy has become very angry about the racist fans and he will put an end to their comments no matter what.
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Andy feels bad for the protesting players, but he does not want to get too involved in other people’s problems.
Answer:
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
Racism is the conflict that is bothering Andy, affecting him to the point of looking for a way to diminish racist comments and even prevent them from happening. In summary, we can say that the conflict causes Andy to look for changes in his schools, suppressing racism and promoting a more comfortable and fair environment for all students.
Answer:
I think it is:
C. Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
what are factors affect demand for labour
The factors that effect demand for labour are:
The quantity of a produt that labor produces
A change in the production process that uses more or less labor
A change in goverment policy that effects the quantity of labor
Frames assist people in making sense of communication by drawing attention to:
- A - how they should be communicating
- B - how they should expect others to communicate
- both A and B
- none of the above
Answer:
both A and B
Explanation:
Answer:
A.
Explanation:
the fed plans to raise the discount rate to 7% this indicates that: a. bank borrowing funds from the fed will now pay 7% on the amount they borrow
b. banks must hold funds in their vault or on deposit with the fed equal to at least 7% of their deposits.
c. the fed will pay 7% on any securities issued by the federal government during the current time period. d. the amount of money in circulation can be no more than 7% greater than the amount of gold held in reserve by the government.
Answer:
a
Explanation:
BC they plan to raise the discount 7%
At the beginning of the year, mitchum enterprises allows for estimated uncollectible accounts of $15,000. by the end of the year, actual bad debts total $17,000. Record the write-off to uncollectible accounts.
Record the write-off to uncollectible account as Allowance for uncollectible accounts 17,000Accounts receivable 17,000. Following the write-off, the balance of Allowance for Uncollectible Accounts is $2,000
At the beginning of the year, Mitchum enterprises allows for estimated uncollectible accounts of $15,000. By the end of the year, actual bad debts total $17,000.
The journal entry for Mitchum Enterprises
Allowance for uncollectible accounts 17,000
Accounts receivable 17,000
The balance of Allowance for Uncollectible Accounts would be
= Beginning balance of estimated uncollectible accounts - written off balance
= $15,000 - $17,000
= $2,000 debit
So, the balance of Allowance for Uncollectible Accounts is $2,000 debit
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The complete question is:
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $15,000. By the end of the year, actual bad debts total $17,000. Record the writeoff to uncollectible accounts. Following the write-off, what is the balance of Allowance for Uncollectible Accounts?
Olivia is really good at working with computers and has been helping at her mom's company by setting up and maintaining the employee's computers. Which pathway of the Information Technology cluster would be a possible future career for her? Question 2 options: Information Support and Services Network Systems Programming and Software Development Web and Digital Communications
Answer: Information Support and Services
Explanation:
The information support and services personnel covers the following job specification; information technology deployment which entails the implementation of computer systems and software, database management, provision of technical assistance related to computer systems and managing of information systems.
Since Olivia is able to set up her mother's computer network in her business, she can look into Information Support and Services because it covers the field for that
Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
Is it permissible to make a mark outside the boundary of the field of play?
Answer:
As an option, eight marks (“optional marks” or “hash marks”) may be added, just outside of the field of play and perpendicular to the perimeter lines, one each at the sideline and the end line, 10-yards from each corner. This is for the benefit of the referees to ensure the proper distance is maintained by defenders when a corner kick is taken.
Explanation:
Aggie Limo is considering upgrading their fleet of stretch limosines by adding a large flat screen TV. With the flat screen TV, they can charge more money enabling annual revenue for each limosine. There is also a small increase in annual cleaning costs. Flatscreen cost including installation: 1540
Additional annual revenue per car due to flat screen: 832 Additional annual cleaning cost due to flat screen: 148 What is the payback (in years)?
We must ascertain how long it will take for the additional money brought in by the flat-screen TV to offset the cost of installation and the rise in yearly maintenance expenses in order to calculate the payback period.
The flat screen TV's initial price, including installation, is $1540. The flat screen TV generates $832 more in annual revenue per car, while the higher annual cleaning expenses come out to $148. We divide the initial expense by the net yearly cash flow, which is the difference between the additional revenue and the additional cleaning expense, to determine the payback period: Initial cost x Net annual cash flow equals the payback time. Net annual cash flow is equal to additional revenue minus additional cleaning expenses ($832 minus $148 equals $684). Period of repayment = $1540 / $684 ≈ 2.25 years The addition of the flat-screen TV to the limousine fleet will therefore pay for itself in roughly 2.25 years.
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Sally's friends invite her to dinner to study for their final. Before she says yes, she needs to check
her bank balance to see if she has enough money for dinner. Sally checks her bank balance
through her mobile banking app on her phone; it shows a balance of $175.00. Yesterday, Sally
bought groceries for $62.75 and some new shoes for $59.60. How much does Sally actually have
available in her account to spend on dinner?
$52.65
$25.99
$60.00
$35.95
should i study fashion or business to be a fashion entrepunuer
Answer:
there must be specific courses for it which has both fashion and business
Answer:
It depends on if you enjoy it or not, but I would go with being a fashion entrepreneur :3
Explanation:
:3
True or false: A manager trying to motivate his subordinates by focusing on the pride they will feel for completing a task successfully is unlikely to be successful if his subordinates are hungry or cold at the time.
It is TRUE that a manager who tries to motivate his subordinates by focusing on the pride they will feel for completing a task successfully cannot meet with success if his subordinates are hungry or cold at the time.
What is the motivation of workers?The motivation of workers stems from the enthusiasm, energy level, commitment, and amount of creativity that an employer or supervisor allows the employees to bring to the workplace.
Some factors have been recognized to provide employee motivation. They include:
Meaningful and purposeful workPositive company cultureRecognition for hard workEmpathyCreating opportunities for learning and developmentCareer progression.Thus, it is TRUE that a manager who tries to motivate his subordinates by focusing on the pride they will feel for completing a task successfully cannot meet with success if his subordinates are hungry or cold at the time.
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In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow The Do Nothing Policy produce prosperity and freedom. In lecture, production possibilities frontiers were used to show the mechanism by which capitalism produces wealth, i.e. specialization according to comparative advantage and exchange.
The history of the 20th century is replete with examples of countries that have followed just such a policy of free market capitalism and experienced large increases in total and per capita wealth plus created stable peaceful political societies characterized by respect for individual rights and maximizing personal freedom, e.g. Japan, Taiwan, Korea, Singapore, and, until the communist Chinese takeover, Hong Kong. In the 20th century, countries that were already prosperous and free that continued choosing capitalist systems became more prosperous, e.g. the United States, Western Europe, Canada, and Australia.
A key feature of free markets is a level playing field where the rules apply to everyone whether they are rich, poor, powerful, or connected. The level playing field is sometimes referred to as the Rule of Law (ROL).
The ROL according to the Oxford English Dictionary is "The authority and influence of law in society, esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes."
The ROL can break down in two ways. First, rulers and their entourage can be held above and not be subject to the law or, second, immunity from the law can be bought. In either case, the ROL does not exist or, alternatively, that society has a corruption problem.
A conundrum of the “capitalism produces prosperity and freedom” policy are countries that have capitalist economies but haven’t produced much prosperity and are frequently but not exclusively characterized by bouts of politically based violence and oppressive abusive dictatorships, e.g. most middle eastern countries, most of South and Central America, Mexico, India, Russia, and until the last 20 years communist China.
In The Mystery of Capital, Hernando DeSoto addresses this conundrum and points out that adopting capitalism is required but not sufficient to produce U.S. and western European levels of prosperity and freedom. DeSoto argues that adopting capitalism isn’t enough. Countries have to choose a capitalist economic system, have ROL, plus do something else.
According to Hernando DeSoto, why are many 3rd world countries not getting rich even though they have ostensibly capitalist free market economies?
What is the something else these countries are missing?
Read Chapter 7, "Deng Perfects Socialism" and Chapter 5 'The Shanghai Gang" in The Party by Richard MacGregor.
In what sense and to what degree does Communist China meet DeSoto's requirement for a capitalist economy that will use free markets to create and equitably distribute wealth.
Does Communist China have a capitalist free market economic system where there is ROL and no corruption?
Explain with examples from The Party.
Requirements:
Your submission should be no less than 1000 words. Short papers will be penalized. There is no maximum length.
Proper grammar and effective use of English counts.
1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.
2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.
3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.
What is the capitalist system?It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.
Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.
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which of the following best represents a conflict between liberty and order? a. providing due process to criminal defendants and protecting the rights of crime victims b. increasing the minimum wage and providing tax cuts for businesses c. increasing taxes for the wealthy and providing social welfare for the poor d. increasing the interest rate on loans and reducing the rate of inflation on consumer goods
Providing due process to criminal defendants and protecting the rights of crime victims represents a conflict between liberty and order.
The best representation of a conflict between liberty and order is when providing due process to criminal defendants and protecting the rights of crime victims.
Liberty is defined as the state of being free within society from oppressive restrictions imposed by authority on one’s way of life, behavior, or political views.
Order refers to a state of peace, cleanliness, and neatness. Order is also the degree of control placed on one’s life and surrounding by the authority, rules and regulations, or even their own actions. In conclusion, the best representation of a conflict between liberty and order is when providing due process to criminal defendants and protecting the rights of crime victims.
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which of the following would cause the demand curve to shift to the right? group of answer choices income decreases for an inferior good. the price of a complement increases. tastes and preferences for the good decrease. the price of a substitute decreases. income decreases for a normal good.
The demand curve would shift to the right if income decreases for an inferior good (D). This is because inferior goods are goods that consumers demand less of as their income increases.
So, if income decreases, demand for inferior goods would increase, causing the demand curve to shift to the right. It is important to note that the other options provided would not cause the demand curve to shift to the right. An increase in the price of a complement would cause the demand curve to shift to the left, as would a decrease in tastes and preferences for the good and a decrease in the price of a substitute. Additionally, a decrease in income for a normal good would also cause the demand curve to shift to the left, as normal goods are goods that consumers demand more of as their income increases. In conclusion, the correct answer is that the demand curve would shift to the right if income decreases for an inferior good.
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Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.
Answer:
Distinguish among different types of financial institutions.
Explanation:
What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Please review my draft and see if I'm properly addressing the
assignment.
Describe the system of interest, the airline
self-service check-in kiosk, the system's context, and the purpose
of the system
The draft seems to be on the right track in addressing the assignment by describing the system of interest, the airline self-service check-in kiosk, its context, and the purpose of the system. However, without the actual content of the draft, I can only provide general feedback based on the information provided.
To properly address the assignment, make sure to provide clear and concise descriptions of the following:
System of Interest: Provide an overview of the airline self-service check-in kiosk. Explain its purpose, components, and functionality. You can mention how it allows passengers to check-in for their flights without the need for assistance from airline staff.
System's Context: Describe the environment in which the self-service check-in kiosk operates. This includes the physical location of the kiosk within the airport terminal, its integration with other airport systems (such as baggage handling or boarding systems), and its interaction with passengers.
Purpose of the System: Highlight the main objectives and benefits of the self-service check-in kiosk. Discuss how it enhances the passenger experience by providing a convenient and efficient way to check-in, reducing wait times, and improving overall operational efficiency for the airline.
Ensure that your descriptions are clear, concise, and focused on the specific details related to the system of interest. It is also helpful to provide relevant examples or scenarios to illustrate the functioning and benefits of the self-service check-in kiosk.
Remember to review your draft for grammar, coherence, and structure to ensure that your points are effectively communicated.
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3. Equivalent cash price is the present value that is equal to a payment.
O True
O false
Answer:
Pretty sure its true
Explanation:
If inflation is 4% a year compounded annually, what will it cost
in 10years to buy a house currently values at 75,000
In 10 years, it will cost approximately $109,357.67 to buy a house that is currently valued at $75,000.
To calculate the future cost of the house considering a 4% annual inflation rate compounded annually, we can use the formula for compound interest: Future Value = Present Value * (1 + Interest Rate)^Number of Periods.
Plugging in the values, we have:
Future Value = $75,000 * (1 + 0.04)^10 = $109,357.67.
This calculation takes into account the compounding effect of inflation over the 10-year period. It assumes that the inflation rate remains constant at 4% per year. Therefore, to purchase the house in 10 years, you should be prepared to have approximately $109,357.67.
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