If the results of tests of controls support the design and operations of controls as expected, theauditor uses ____ control risk as the preliminary assessment. . a lowerb. the samec. a higherd. either a lower or higher

Answers

Answer 1

If the results of tests of controls support the design and operations of controls as expected, the auditor uses a lower control risk as the preliminary assessment (option a).

This means that the auditor has gained confidence in the controls that are in place and has determined that they are operating effectively. As a result, the risk of material misstatement is lower, which allows the auditor to reduce the amount of substantive testing that needs to be performed.

Lowering the control risk assessment also means that the auditor can rely more heavily on the results of the tests of controls when making their final assessment of the financial statements. This can lead to a more efficient audit process and ultimately a more accurate assessment of the financial statements.

However, it's important to note that the auditor may still need to perform some substantive testing even if the control risk assessment is lowered. This is because even the most effective controls can still have weaknesses or limitations that could result in material misstatements. Therefore, the auditor must use their professional judgment to determine the appropriate level of substantive testing needed in each specific situation. The correct option is a.

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Related Questions

A country has an absolute advantage in the production of a good if that country _____ a. has the lowest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources. b. can produce the good using fewer resources than another country would require. c. has the greatest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources. d. has the greatest opportunity cost of producing the good and can sell it at the highest price. e. has the lowest opportunity cost of producing the good and can sell it at the highest price.

Answers

Answer:

B

Explanation:

less resources are used and the country can also earn the same amount of money as the other countries with using less resources

A country has an absolute advantage in the production of a good if that country "can produce the good using fewer resources than another country would require". The correct option is B.

The country has an absolute advantage if it can produce a good using fewer resources than another country that means that this country is really good at making that product efficiently.

For example, the two countries making the same thing like cars. If Country A can make a car using fewer materials, time and effort than Country B then Country A has an absolute advantage in car production.

It's like being really good at making something with less waste and fewer expenses and making it more efficient overall.

Absolute advantage is about being the best at making a particular product by using as little as possible to get the job done.

Therefore, the correct option is B.

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customers typically want to know something about a product before they consider purchasing it. a(n) objective can show that the product meets consumer needs.

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Customers typically want to know something about a product before they consider purchasing it informing objective can show that the product meets consumer needs.

A product is anything that can be provided to a market in order to satiate a customer's need or desire. It can be an item, a system, or a service that is made accessible for consumer usage in response to consumer needs. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials and then sold as finished things in the manufacturing sector. An additional category of goods is a service. A person will look for and purchase a good or service that fulfills their demands as a result of their needs. consumer needs might include things like the need to feel protected, like they belong, like they are valued, and to achieve their full potential.

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a company purchased a machine for $197,000 on october 1, 2024. the estimated service life is 10 years with a $20,200 residual value. the company records partial-year depreciation based on the number of months in service. depreciation expense for the year ended december 31, 2024, using straight-line depreciation, is: (do not round your intermediate calculations. round your answer to the nearest dollar amount) multiple choice $4,925. $14,775. $7,345. $4,420.

Answers

The calculation of depreciation expense for the year ended December 31, 2024 using straight-line depreciation with the given data is $4,925.

This is because the estimated total depreciation expense is ($197,000 - $20,200) / 10 years = $17,780 per year.

As the machine was purchased on October 1, 2024, it was in service for 3 months in 2024 (October, November, December).

Hence, depreciation expense for 2024 would be given by the equation $17,780 / 12 months * 3 months

= 1481*3

= $4,925 (rounded to nearest dollar).

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melinda earned $50,000 and paid taxes of $12,500. she would have paid $35 on the next $100 she made. compute her average and marginal tax brackets.

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Melinda earned $50,000 and paid taxes of $12,500. If she would have paid $35 on the next $100 she made, we can determine her average and marginal tax brackets as follows:A. Average Tax Bracket Average tax bracket is the percentage of your income that you pay in taxes. It is determined by dividing the total amount of taxes paid by the total income earned.

The formula for computing the average tax bracket is given as:Average Tax Bracket = Total Tax Paid / Total Income Earned * 100. Since Melinda earned $50,000 and paid taxes of $12,500, her average tax bracket can be determined as follows:Average Tax Bracket = Total Tax Paid / Total Income Earned * 100 Average Tax Bracket = 12,500 / 50,000 * 100 Average Tax Bracket = 25%Thus, Melinda's average tax bracket is 25%.B. Marginal Tax Bracket. The marginal tax bracket is the percentage of tax that is paid on the next dollar of income earned. It is the tax rate that is applied to the next dollar of income earned. The marginal tax bracket is determined by looking at the tax bracket chart and determining the tax rate for the next dollar of income earned.Since Melinda would have paid $35 on the next $100 she made, we can determine her marginal tax bracket as follows:Marginal Tax Bracket = Tax Paid on Next Dollar / Increase in Income * 100 Marginal Tax Bracket = 35 / 100 * 100 Marginal Tax Bracket = 35%Thus, Melinda's marginal tax bracket is 35%.

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Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash.

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Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash, this will be traded in  Financial asset markets.

What is Financial asset markets?

A financial asset market is a place where a contractual right to a specific type of wealth can be purchased and sold. This is typically distinguished by the asset's liquidity, or how quickly it can be converted to cash, and includes financial assets such as savings and checking accounts, stocks and bonds, and mortgages.

One of the distinguishing characteristics of wealth traded on such a market is that it does not always have direct or linear ties to actual physical value, as in the case of land, jewellery, or art.

Trading environments for a financial asset market, such as a stock market or bond market, are prone to fluctuation due to a variety of seemingly unrelated market conditions.

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Complete question:

You are preparing to take an exam in your finance class, and you’ve been making flash cards on different markets and transactions. Indicate the markets in which each of the following transactions will be traded:

Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash. Financial asset markets

Why would you expect real GDP per capita in California and Pennsylvania to exhibit convergence but not in California and Baja California, a state of Mexico that borders the United States? A.California and Pennsylvania have different levels of federal government stability. B.California and Pennsylvania have different levels of real GDP, so they will eventually converge. C.California and Baja California are both parts of the United States. D.California and Pennsylvania share the same federal government and have similar factors that affect growth, making it easier for them to converge

Answers

We expect real GDP per capita in California and Pennsylvania to exhibit convergence because California and Pennsylvania share the same federal government and have similar factors that affect growth, making it easier for them to converge. (D)

Convergence refers to the tendency for economies with similar levels of development to grow at similar rates over time. This can be seen in the real GDP per capita of California and Pennsylvania, which are both part of the United States and share the same federal government. As a result, they have similar factors that affect economic growth, such as access to resources, infrastructure, and regulations. This makes it easier for them to converge over time, as they are likely to experience similar rates of growth.

In contrast, California and Baja California are not part of the same country and do not share the same federal government. Baja California is part of Mexico, which has different economic conditions and factors that affect growth. As a result, it is less likely that the real GDP per capita of California and Baja California will exhibit convergence, as they are subject to different economic conditions and factors that affect growth.

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On November 1, Jovel Company loaned another company $100,000 at a 6% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:

Answers

The amount of interest revenue that will be recorded in the books of Jovel Company as on December 31 will be $1,000.

What is interest revenue?

The revenue which is generated by a company by the way of earnings made through interest over debts during a financial period is known as an interest revenue.

Using the above information, it can be ascertained that the total interest revenue over a loan of $100,000 will be $6,000, however, it was issued on November 1, and accounts close on December 31, so the interest revenue for 2 months will be computed as under,

\(\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{Total\ Interest\ Revenue}{12}\ x\ No.\ of\ Months\\\\\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{6000}{12}\ x\ 2\\\\\rm Interest\ Revenue\ for\ 2\ Months= \$1000\)

Thus, the interest revenue has been computed as above.

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Which education degree (s) does a Guidance Counselor usually hold?

has a master’s degree, but some could have a doctorate or bachelor’s degree.
has a doctorate degree, but some could have a master’s or bachelor’s degree.
has a bachelor’s degree, but some could have a master’s degree.
has a master’s degree, but some could have a doctorate degree.

Answers

The education degree (s) does a Guidance Counselor usually hold is: has a bachelor's degree, but some could have a master's degree.

Who is a guidance Counsellor?

Guidance counselors can be defined as the person whose responsibility or duty is to help councel or advice people and to as well guide people.

A Guidance counselors must be a bachelor's degree holder  and must also have master's degree.

Therefore the education degree (s) does a Guidance Counselor usually hold is: has a bachelor's degree, but some could have a master's degree.

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Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must
Shondra consider before she decides to pay with automatic withdrawals?
Shondra should be sure she will remember to call the store each month to make the payment.
Shondra should check her credit history to be sure she has a good credit score.
Shondra should be sure she will have enough in her account to be able to make the monthly payments.
Shondra should consult with a credit counseling service.

Answers

Answer:

Shondra should be sure she will have enough in her account to be able to make the monthly payments.

Explanation:

She need to consider and makes sure she have enough in her account to be able to make the monthly payments.

What is an automatic withdrawals?

This is a financial procedure that is used when someone grant their bank the permission to make a payment to a creditor their your bank account.

Hence, there is need to makes sure she have enough in her account to be able to make the monthly payments to the creditor.

Therefore, the Option C is correct.

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knowing the evolution of a product, from introduction to maturity, is known as: group of answer choices

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Knowing the evolution of a product, from introduction to maturity, is known as product life-cycle management.

A product life cycle consists of four ranges: creation, growth, maturity, and decline. quite a few merchandise hold to remain in a extended adulthood kingdom. however, ultimately, in each product life cycle, the product ultimately stages out from the market.

Product existence-cycle control is the succession of techniques via business control as a product is going thru its lifestyles-cycle. The conditions in which a product is bought adjustments over the years and must be managed as it moves via its succession of ranges.

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During a trial in Gene's suit against Homer over the use of Gene's lakeside cabin, Gene's attorney asks questions of the plaintiff's witness Illya. This is

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During Gene's trial against Homer regarding the use of Gene's lakeside cabin, Gene's attorney interrogates Illya, a witness for the plaintiff, by asking a series of questions.

In the course of a trial, attorneys play a crucial role in presenting their client's case and examining witnesses to gather evidence and support their arguments. In Gene's lawsuit against Homer concerning the use of Gene's lakeside cabin, Gene's attorney takes the opportunity to question Illya, who is a witness for the plaintiff.

By asking questions, Gene's attorney aims to elicit information and testimony from Illya that supports Gene's position or casts doubt on the plaintiff's claims. The questions asked may be designed to challenge Illya's credibility, probe inconsistencies in their testimony, or reveal additional facts that strengthen Gene's case.

The attorney's questioning strategy may involve asking open-ended questions to allow Illya to provide detailed answers or using leading questions to guide the witness towards a specific line of testimony. The objective is to extract relevant information, establish key facts, and potentially undermine the plaintiff's argument.

Through skillful questioning, Gene's attorney seeks to present a strong case by effectively utilizing Illya's testimony to support Gene's claims and refute the plaintiff's allegations. The questioning process during the trial is essential for uncovering the truth, presenting evidence, and ultimately influencing the outcome of the legal dispute.

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profit is the only
Organizational objectives of the business.Do you agree

Answers

Explanation:

I agree because without profit what's the use of the business

Sample ________
is the number of people questioned for a survey.

Answers

Participants?

___________

Answer:

Sample size

Explanation:

Sample size is the term that describes the number of objects or people involved in a research study. Sample size applies where it's impossible to get a response from the entire population due to its large size. The researcher uses several techniques to select a small number of respondents believed to represent the entire population. The small number or group selected is the sample size.

which of the following challenges facing hr is related to technology becoming more prevalent in many previously unskilled environments? a. shifts in industries/retraining b. baby boomer retirements c. decreased employee loyalty d. differing benefits preferences

Answers

A. Shifts in industries/retraining is the challenge related to technology becoming more prevalent in many previously unskilled environments.

As technology advances, many unskilled jobs are becoming automated, so employees must be retrained in order to remain employable. This can be a daunting and expensive task for employers, as it may require significant investments in employee training and development for certain industries. Additionally, some employers may have difficulty finding qualified workers to replace those who are retiring or being made redundant due to automation.

This creates a wide range of challenges for human resources departments. They must decide how to best allocate resources towards retraining, and find the most cost effective ways to do so. Companies may need to consider new sources of labour, such as contract workers or offshore staff, in order to remain competitive and meet staffing requirements. Additionally, they must ensure compliance with relevant legislation and regulations, while providing a safe and equitable working environment. Furthermore, they must also consider how to ensure that their retraining initiatives are both effective and cost-efficient. HR departments will also need to ensure a smooth transition for those employees who are being retrained, as well as for those who are entering the workforce for the first time.

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The difficulty associated with technology becoming more prevalent in many previously unskilled environments is shifting in industries and retraining. In this case, option A is correct

Many low-skilled jobs are becoming automated as a result of technological advancements, so workers must retrain in order to stay employable. Due to the potential need for significant investments in employee training and development for some industries, this can be a challenging and costly task for employers. Additionally, some employers might have trouble replacing those who are retiring or losing their jobs as a result of automation with qualified workers.For human resources departments, this poses a variety of difficulties. They must choose how to best allocate funds for retraining and identify the most economical strategies for doing so. Companies might need to think about new labor sources.

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Which sequence of HACCP principles is in the correct order?


A.


Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.


B.


Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.


C.


Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.


D.


Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.


E.


Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.

Answers

Answer:

B

Explanation:

Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .

The sequence of the first three of the seven principles are

1. Conduct hazard analysis to determine potential risks related to food protection

2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health

3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.

Answer:

B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP

Explanation:

The average selling price of a smartphone purchased by a random sample of 34 customers was $319. Assume the population standard deviation was $34. a. Construct a 90% confidence interval to estimate the average selling price in the population with this sample. b. What is the margin of error for this interval? and an upper limit of $ a. The 90% confidence interval has a lower limit of $ (Round to the nearest cent as needed.)

Answers

a. The 90% confidence interval to estimate the average selling price in the population with this sample is $308.75 to $329.25.

b. The margin of error for this interval is $10.25 and the 90% confidence interval has a lower limit of $308.75.

a. To find the 90% confidence interval to estimate the average selling price in the population with this sample:

Confidence Interval Formula: CI = X ± Z* (σ/√n)

Where,

CI = Confidence Interval

X = Sample Mean

σ = Population Standard Deviation

n = Sample Size

Z = Z-Score (Level of Confidence)

For the 90% confidence interval, the level of confidence is 0.90/2 = 0.45 (as the distribution is two-tailed)

Using the z-score table, the z-score for a level of confidence of 0.45 is 1.645.

Substitute the values in the formula:

CI = 319 ± 1.645 (34/√34)

CI = 319 ± 10.25

CI = [308.75, 329.25]

Therefore, the 90% confidence interval to estimate the average selling price in the population with this sample is $308.75 to $329.25.

b. To find the margin of error for this interval:

Margin of Error = Z* (σ/√n)

Using the z-score for a 90% confidence level from the z-score table, which is 1.645.

Substitute the values in the formula:

Margin of Error = 1.645 (34/√34)

Margin of Error = 10.25

Therefore, the margin of error for this interval is $10.25.

Hence, the 90% confidence interval has a lower limit of $308.75.

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When you put a check you received in the bank, you have immediate access to the money.
True or False.

Answers

Answer:

this is true hope this helps

Explanation:

what are 2 things that could happen to disrupt customer loyalty life cycle???

Answers

Answer: salespeople and customers are essential for the success of business-to-business relationships, and research has shown that a change of the salesperson can severely harm financial performance.

Explanation: However, such interpersonal relationship disruptions may also have positive effects by encouraging vitalizing re explorations of the relationship.

when 6.50 grams of solid sodium hydroxide dissolves in 100.0 grams of water in a calorimeter, the temperature

Answers

The temperature change when 6.50 grams of solid sodium hydroxide dissolves in 100.0 grams of water in the calorimeter is approximately -17.31 °C.

To calculate the temperature change when 6.50 grams of solid sodium hydroxide dissolves in 100.0 grams of water in a calorimeter, we need to know the heat capacity of the calorimeter.

Assuming the heat capacity of the calorimeter is known, we can use the equation:

\(q = m × c × ΔT\)

Where:

q is the heat absorbed or released in the process (in joules),

m is the mass of the substance (in grams),

c is the specific heat capacity of the substance (in J/g°C),

ΔT is the change in temperature (in °C).

First, we need to determine the heat absorbed or released when sodium hydroxide dissolves in water. The enthalpy change of dissolution, ΔH, for sodium hydroxide is -44.5 kJ/mol.

We can calculate the number of moles of sodium hydroxide dissolved using its molar mass (40.0 g/mol):

moles of NaOH = mass / molar mass

moles of NaOH = 6.50 g / 40.0 g/mol

moles of NaOH = 0.1625 mol

The heat absorbed or released during the dissolution process can be calculated using the equation:

q = ΔH × moles of substance

q = -44.5 kJ/mol × 0.1625 mol

q = -7.22625 kJ

To convert the heat absorbed or released from kilojoules to joules, we multiply by 1000:

q = -7.22625 kJ × 1000

q = -7226.25 J

Now, using the equation mentioned earlier, we can calculate the temperature change:

q = m × c × ΔT

Since we are given the mass of water as 100.0 grams, and assuming the specific heat capacity of water is 4.18 J/g°C, we can rearrange the equation to solve for ΔT:

ΔT = q / (m × c)

ΔT = -7226.25 J / (100.0 g × 4.18 J/g°C)

ΔT ≈ -17.31 °C

Therefore, the temperature change when 6.50 grams of solid sodium hydroxide dissolves in 100.0 grams of water in the calorimeter is approximately -17.31 °C.

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Vincent operates a scenic tour business in Boston. He has one bus which can fit 50 people per tour and each tour lasts 2 hours. His total cost of operating one tour is fixed at $450. Vincent’s cost is not reduced if he runs a tour with a partially full bus. While his cost is the same for all tours, Vincent uses a pricing practice called price discrimination and charges each passenger his/her willingness to pay: adults $18 per trip, children $10 per trip, and senior citizens $12 per trip. At those rates, on a typical day Vincent’s demand is:

Passenger Type

Willingness to Pay

Demand per day

Adults

$18

70

Children

$10

25

Senior Citizens

$12

55

Assume that Vincent’s customers are always available for the tour; therefore, he can fill his bus for each tour as long as there is sufficient total demand for the day.
What is Vincent’s cost of serving all passengers demanding a tour on a typical day?
What is Vincent’s profit on a typical day?
One of Vincent’s friends tells him he would be more profitable if he charged a single price of $18. Assuming no changes in consumer demand, what would Vincent’s profit be if he charged every customer $18? (3 points)

Answers

Answer:

lmk when you get sumtn bro

Explanation:

i need the answer too

Vincent’s cost of serving all passengers demanding a tour on a typical day is  $1350. Vincent’s profit on a typical day is $820.  Vincent’s profit will be increased he charged every customer $18.

What  is price discrimination?

A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept.

When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to.

The calculation of the profit of the Vincent is done as follows

1.Number of the tour operated by the Vincent on a typical day=

= Adult demand + children demand + senior citizens demand/ Bus capacity

= 70+25+55/50

= 150/50

= 3

Total cost of the tour = $450*3

                                 = $1350

2. Total Revenue on a typical day = Adult demand * willingness to pay+ Children demand* willingness to pay + senior demand * willingness to pay

= 70* $18 + 25* $10+ 55 * $12

= $2170

Profit = total revenue - total cost

       = $2170 - $ 1350

       = $820

If he charged every customer $18 with every customer then his profit will be calculated as follows:-

Total Revenue on particular day = Adult demand * $18 + Children's demand * $18 + senior's demand * $18

= 70 *18+25*18+55*18

= $1260+$450+$990

= $ 2700

Profit = Total Revenue - Total cost

         = $ 2700 - $ 1350

          = $ 1350

Therefore, the profit charged on the price $18 is $1350 which is greater than the previous profit.

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Strategic Analysis
Identify all substantive strategic issues (Weaknesses, threats, poor financial ratios, changing industry trends, geo-political threats, growth opportunities found in your project research) of Amazon

Answers

Substantive strategic issues of Amazon challenges and opportunities for Amazon in terms of its growth, reputation, and financial performance.

Weaknesses in data security and privacy: Amazon faces challenges in safeguarding customer data and ensuring privacy, as data breaches or mishandling can lead to reputational damage and legal consequences.

Threats from increasing competition: Amazon operates in a highly competitive market where competitors like Walmart and Alibaba are expanding their online presence. This poses a threat to Amazon's market share and customer base.

Poor labor practices: Amazon has faced criticism regarding working conditions, employee treatment, and labor rights violations. These issues can negatively impact its reputation, employee morale, and public perception.

Changing industry trends towards sustainability: The growing emphasis on sustainability and environmental responsibility presents a challenge for Amazon in terms of reducing its carbon footprint and addressing concerns related to packaging waste and emissions from logistics operations.

Geopolitical threats in international markets: As Amazon operates globally, geopolitical risks such as trade disputes, regulatory changes, and political instability in various countries can impact its international operations and profitability.

These substantive strategic issues present both challenges and opportunities for Amazon. Addressing weaknesses in data security and privacy can help enhance customer trust and loyalty. To mitigate threats from increasing competition, Amazon needs to continuously innovate and differentiate its offerings.

Improving labor practices can improve employee satisfaction and mitigate reputational risks. Embracing sustainability can lead to cost savings, positive brand image, and meeting evolving consumer expectations.

Lastly, effectively managing geopolitical threats through robust risk assessment and diversification strategies can safeguard Amazon's international business operations. Overall, Amazon must strategically address these substantive issues to maintain its competitive advantage, foster sustainable growth, and adapt to the changing dynamics of the global marketplace.

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Jerome Garcia started a new business and completed these transactions during August:

1 Garcia invested P48,000 cash in the business.

1 Rented office space and paid P800 cash for the August rent.

3 Purchased exploration equipment for P22,000 by paying P12,000 cash and agreeing to pay the balance in 3 months.

5 Purchased office supplies by paying P1,500 cash.

15 Completed exploration work and immediately collected P420 cash for the work

8 Purchased P1,350 of office equipment on credit.

15 Completed exploration work on credit in the amount of P8,000.

18 Purchased P700 of office supplies on credit.

20 Paid cash for the office equipment purchased on August 8.

24 Billed a client P2,400 for work completed; the balance is due in 30 days.

28 Received P5,000 cash for the work completed on August 15.

30 Paid the assistant’s salary of P1,100 cash for this month.

30 Paid P340 cash for this month’s utility bill.

30 Garcia withdrew P1,050 cash from the business for personal use.

Required

1. Arrange the following asset, liabilility , and equility titles in a table: Cash: Accounts Receivable: Office Supplies: Exploration Equipment: Accounts Payable: Jerome Garcia: Capital: Jerome Garcia: Withdrawals: Revenues: and Expenses.

2. Use additions and subtractions to show the effects of each transaction on the accounts in the accounting equation. Show new balances after each transaction.

Answers

Answer:

im not sure but i think it was 800,00

Explanation:

A basic tool of accounting is the accounting equation. Here, the assets should always be equal to the liabilities and capital.

What is Accounting Equation?

This equation represents resources controlled by the business's current business liability and residual interest in ownership of assets.

It says assets should always be equal to liabilities and capital.

                                Assets = Liabilities + Capital

The calculation of the assets, liabilities and capital are shown in the image below:

Hence, refer to the image below to see the accounting equation with the given below information.

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Jerome Garcia started a new business and completed these transactions during August:1 Garcia invested

REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over their clients' interests. d. A and B only.

Answers

Considering the available options, Realtors are known to have various functions, including options A and B only.

Functions of a Realtor

Generally, Realtors are known to perform many responsibilities, including the following:

Protect and promote the interests of their clients. Treat all parties honestly.Create a real estate contract.Rent, sell or buy properties for clients, etc.

Hence, in this case, it is concluded that the correct answer is option D. "A and B only."

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due today, help me figure this out please!! Means a lot!

due today, help me figure this out please!! Means a lot!

Answers

With trade credit, a firm can purchase products or services and postpone paying for them until a later time—typically within 30 to 90 days—without paying interest.

What are some instances of short-term lending?

Trade credit, commercial bank loans, commercial paper, a particular kind of promissory note, and secured loans are the primary sources of short-term finance.

In terms of financial management, what is trade credit?

The simplest definition of trade credit is a contract to purchase products and/or services on account rather than making prompt cash or check payments. When favorable terms are negotiated with a company's supplier, trade credit can be a useful instrument for expanding firms.

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Below is the income tax system for the country of Genovia.


For income from $0 to $100, no income tax.

For all income above $100 but less than $400, the tax rate is 20%.

For all income above $400, the tax rate is 40%.

Jane Doe’s income is $500. What is her AVERAGE tax rate?


Group of answer choices


40%


33%


50%


20%


25%

Answers

Answer:

24%

Explanation:

The computation of the average tax rate is shown below:

Given that

From income $0 to $100, no income tax is applicable

From income above $100  upto $400, the tax rate is 20%

The income above $400, the tax rate is 40%

So based on the above information

Since the Jane doe income is $500

So here the average tax rate is

= (400 × 0.20) + (100 × 0.40) ÷ $500

= ($80  + $40) ÷ ($500)

= ($120) ÷ ($500)

= 24%

This is the answer but the same is not provided in the given options

For each lease below identify whether the short-term lease recognition exemption would be available. Fill in the columns by dragging and dropping the options from below, and then select Submit.

Answers

Here is the analysis of whether the short-term lease recognition exemption would be available for each lease:

How to explain the lease

Lease 1: Lease term: 11 months

Option to purchase: No

The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and there is no option to purchase the underlying asset.

Lease 2:Lease term: 10 months

Option to purchase: Yes, but the lessee is not reasonably certain to exercise the option.

The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and the lessee is not reasonably certain to exercise the option to purchase the underlying asset.

Lease 3: Lease term: 11 months

Option to purchase: Yes, and the lessee is reasonably certain to exercise the option.

The short-term lease recognition exemption would not be available for this lease because the lease term is 12 months or less, but the lessee is reasonably certain to exercise the option to purchase the underlying asset.

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Quesition: You have received a
flowsheet as shown below and you are required to advise your line
manager about the changes that must be made on the flowsheet.
Indicate anything that you think is wrong

Answers

I'm sorry, but as a text-based AI, I'm unable to view or analyze any visual content such as a flowsheet.

However, if you can describe the flowsheet or provide specific information from it, I'll do my best to help you identify any potential issues or areas that may need improvement.

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What accounting book should a merchandising business use to show a payment and transaction history for each customer who bought items
with credit?
When a company has customers who buy units of merchandise on credit, its accountant will post entries in the ____

Answers

Answer:

Accounts receivable subsidiary ledger.

Explanation:

Answer: accounts receivable subsidiary ledger

Explanation:Specialized journals are useful when posting entries for frequent business transactions. For example, a cash receipt journal captures cash transactions. This is different from an accounts receivable subsidiary ledger, which shows a payment and transaction history for each customer who bought items with credit


Refer to the graph. Which area indicates a surplus?

(A)
(B)
(C)
(D)

Refer to the graph. Which area indicates a surplus?(A)(B)(C)(D)

Answers

Answer:

D

Explanation:

when ben & jerry’s ice cream tests all its proposed new flavors on its own employees at its corporate headquarters in vermont, it is partaking in

Answers

Answer:

lol I did it so I just won’t you get back lol bye bye lol lo but it’s 76

Explanation:

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