The effect of the misstatement identified on the audit opinion for Takunda (Pty) is that it will result in a qualified opinion. This is because material misstatements have been identified in the financial statements, particularly in the valuation of major moveable tangible assets.
The audit of the Capital Assets for Takunda (Pty) revealed that the financial statements did not reflect the cost or fair value of the assets and assets were consequently overvalued by R193 million. This overvaluation is way above the final materiality figure for the 2019 audit of Takunda (Pty) which was set at R150 million. The financial reporting framework for Takunda requires that the company records assets on receipt of the item at cost of acquisition. Where the cost cannot be determined accurately, the asset should be stated at fair value. Where fair value cannot be determined, the asset should be included in the asset register at R1. It is apparent that Takunda (Pty) did not follow the financial reporting framework in valuing its major moveable tangible assets. The material misstatements identified, particularly in the valuation of major moveable tangible assets, have a material impact on the financial statements and hence the audit opinion. The effect of the misstatement identified is that the audit opinion will be qualified because the financial statements have not been prepared in accordance with the financial reporting framework.
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When an economy is in full employment equilibrium?
An economy is in full employment equilibrium or economic equilibrium when the utilization of the resources for the production.
The economic equilibrium is the condition in which the economic forces are balanced. In the economic factor, the economic variables remain unchanged from the value of economic in the absent of external influences.
The full employment of equilibrium is referred to the situation where aggregate the demand that is equal to the aggregate supply when the full employment in the economy.
There are two types of economic equilibrium is microeconomic equilibrium and macroeconomic equilibrium.
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The demographics of their target market are extremely important for companies to know in order to determine how they'll advertise their product/service
True
or
False
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
what is a customer retention?
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
can i have brainliest
contract manufacturers who manage their customers' entire product lines and offer services ranging from inventory management to delivery and after-sales services are prime examples of vertical integration. group of answer choices true false
The statement is true because contract manufacturers have the ability to manage their customers' entire product lines, as well as provide services that range from inventory management to delivery and after-sales services.
Vertical integration is a way of controlling the various stages of the supply chain, which allows a company to streamline its operations and improve its overall efficiency. Contract manufacturers that offer vertical integration services are typically able to produce products more quickly and at a lower cost than companies that do not have this capability.
This is because they have greater control over the supply chain and can more easily optimize their processes to eliminate waste and reduce costs. Vertical integration is a key strategy for many companies that want to improve their competitiveness and stay ahead of the competition.]
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Individuals who fail to complete high school are at an increased risk for
1. Unemployment
2. Underemployment
3. Imprisonment
4. All of the above
Answer:
unemployment!
An online bank offers an 10% APR with daily compounding.
Your local bank account pays interest every six months. How much interest will you need to earn every six months to match the online bank?
To match the online bank's 10% APR with daily compounding, you would need to earn approximately 10.25% interest every six months in your local bank account.
To calculate the interest rate needed to match the online bank's 10% APR with daily compounding, we need to convert the annual interest rate to a semi-annual rate and then find the equivalent interest rate for a six-month period.
Online bank's APR = 10% (with daily compounding)
Step 1: Convert the annual interest rate to a semi-annual rate:
The annual interest rate of 10% needs to be divided by 2 to obtain the semi-annual rate.
Semi-annual rate = Annual rate / Number of periods per year
Semi-annual rate = 10% / 2
Semi-annual rate = 5%
Step 2: Calculate the equivalent interest rate for a six-month period:
Since the local bank pays interest every six months, we need to find the interest rate that will yield the same return over a six-month period as the online bank's daily compounding rate.
To calculate the equivalent interest rate, we can use the formula:
Equivalent interest rate = (1 + Semi-annual rate)^(Number of periods per year) - 1
Equivalent interest rate = (1 + 5%)^2 - 1
Equivalent interest rate = (1.05)^2 - 1
Equivalent interest rate ≈ 10.25%
Therefore, to match the online bank's 10% APR with daily compounding, you would need to earn approximately 10.25% interest every six months in your local bank account.
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What percentage of a participant's income are group long-term disability benefits amounts typically limited to?
The percentage of a participant's income is group long-term disability benefits amounts typically limited to 60%.
Depending on the particular policy and the rules of the plan sponsor, the amount of group long-term disability (LTD) payments that are normally limited to a participant's salary can change. However, a typical cap is 60% of the participant's earnings prior to incapacity.
As a result, if a person develops a condition that prevents them from working, they will receive LTD benefits equal to up to 60% of their pre-disability income.
It's vital to keep in mind that group LTD benefits may also be subject to additional restrictions and requirements, including minimum and maximum benefit amounts, waiting periods before benefits start, and benefit length.
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I need help asapppppp!
When mountain climbers purchase clothing for scaling mount everest, their purchases are primarily addressing __________ needs.
When mountain climbers purchase clothing for scaling Mount Everest, their purchases are primarily addressing functional needs.
What is need?Needs can be defined as the basic necessity that the person needs to have to survive some of example of clothes, food, water, or shelter etc
As climbing Mount Everest the oxygen and nature are very different they are also the temperature is negative so the primary or the functional lead to survive on Everest should be purchasing climbing gear as well as some warm clothing else it will help you keep warm and travel which is the need.
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Why is it so hard to find essentials during times of crisis?
Answer:
because they are in high demand because so many other people want them
which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
When the group has a strong sense of teamwork and a familiar routine, a delegative or participative leadership style is often most effective.
In a delegative leadership style, the leader gives the group a high degree of autonomy, delegating decision-making responsibility to the team members. In a participative leadership style, the leader actively involves team members in the decision-making process, creating a sense of shared responsibility for the outcome. Both styles allow the team to take ownership of the work, build trust and cooperation, and leverage the team's strengths and experience. This type of leadership style also creates a legislation environment where team members feel valued and empowered, which can lead to higher levels of job satisfaction and motivation. so, a delegative or participative leadership style is often most effective.
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PLEASE HELP!!
In the space provided below, please respond to the following: Create a list of business risks and ways to deal with them.
This project will focus on writing about a current event in business risks. The task is to first find an article that deals with business risks and write a summary of the article. In your summary, you should discuss what the risk is and what steps the business is taking to deal with it. During this project, you'll accomplish the following:
Objectives
Find an article that deals with business risks and write a summary of the article.
Current Event
Use the Internet to find an article that deals with business risks. Once you have found and read your article, record your summary and upload it. Use the following format.
Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of whether or not you think the appropriate steps are being taken to deal with the risk
Answer:
No matter how well you plan, your project can always encounter unexpected problems. ... You can use risk planning to identify potential problems that could cause ... Some events (like finding an easier way to do an activity) or conditions (like ... risks that you plan for do happen, and that's when you have to deal with them.
Explanation:
Answer:
I'm hoping that one above helped me out it didnt say :(
carmen de la cruz has her age listed on her driver's license as being three years younger than it actually is. this is also how old she tells her insurance company she is. her insurance company has discovered she lied about her age. what provision of her life insurance contract states that her benefits will be what her premium would have bought if she had been truthful about her age?
Misstatement of Age is the provision of life insurance contract that states the premium would have bought if she had been truthful about her age.
What is life insurance?Life insurance is a contract between a policy holder and an insurer wherein the insurer agrees to pay a sum of money in exchange for a premium upon the demise of an insured person or after a predetermined amount of time.
The term "Misstatement of Age Provision" refers to a clause in a life insurance policy that reduces the amount of insurance in cases where the insured's age was given incorrectly on the application to the amount that the premium would have bought at the correct age based on the insurer's rates at the time the policy was issued.
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How does competition affect international trade?
Greater worldwide market share would be guaranteed by the countries' increased competitiveness, improving their trade balance. As a result, customers would have access to a wide range of commodities at inexpensive prices because of competition in global commerce.
A corporation obtains access to new clients when it becomes more competitive in the global market. This is due to the fact that the business can now provide its goods and services at a cheaper cost than those of its rivals. This enables the business to reach new markets and increase its clientele.
Through commerce, nations may obtain commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global commerce. This ultimately leads to more competitive pricing, which lowers the cost of the final product for the customer.
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Helpp
Tri-county Supply budgets 5% of the previous year's total revenue for utilities. The receipts from
the last year showed revenue of $4,500,000.00 How much will be budgeted for utilities for the
year?
Answer:
$225,000
Explanation:
The utility budget is 5% of the previous year's total revenue.
The previous year revenue was $4,500,000.00
The utility budget will be 5% of $4,500,000.00
=5/100 x $4,500,000.00
=0.05 x $4,500,000
=$225,000
What benefits might citizens of a Centrally Planned economy derive from a move toward a marked based system?
Citizens in a Centrally Planned Economy benefit from a shift toward a marked-based system. Higher economic growth, Increased access to products and services, More freedom and choice.
1. Higher economic growth: Transitioning to a market-based economy promotes competitiveness and efficiency, which can lead to increased economic growth.
2. Increased access to products and services: As the economy shifts toward a market-based system, residents will have more access to a broader range of goods and services, including imported commodities.
3. More freedom and choice: In a market-based economy, individuals have greater flexibility to pick whatever products and services they wish to buy, as well as more freedom to engage in a variety of economic activities.
4. Improved entrepreneurial incentives: A market-based economy may give incentives for entrepreneurs to innovate and produce new goods and services, resulting in increased economic growth and development.
5. More effective resource allocation: A market-based system supports efficient resource allocation since prices represent the real worth of commodities and services in the economy. This has the potential to boost economic efficiency.
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I rlly need answers quick guys! This isnt Business tho!
Subtracting money.
$ c. $ c.
395.12 - 275.64
Answer:
$119.48
Explanation:
hope this helped :)
what is the importance of knowing how to compute the market share in a business
Answer:
Simply put, market share is a key indicator of a company's competitiveness. When a company increases its market share, this can improve its profitability. This is because as companies increase in size, they too can scale, therefore offering lower prices and limiting their competitors' growth.
You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period.
It's important to calculate and understand market size for several reasons. First, entrepreneurs and organizations can use market sizing to estimate how much profit they could potentially earn from a new business, product or service. This helps decision-makers to decide whether they should invest in it.
Which skills are most likely to start at birth and develop as a person matures?Planning aides work with _____.
school planners
city planners
federal planners
business planners
Answer:
im thinking C. or D.
Explanation:
Investment A has a quarterly interest rate of 5%. Investment B has a monthly interest rate of 2%. Which investment has the lower EAR?
A
B
A=B
Investment B has the lower Effective Annual Rate (EAR) compared to Investment A.
The EAR represents the total annual interest rate, taking into account the compounding effect over a given time period. To compare the EAR of Investment A and Investment B, we need to convert their respective quarterly and monthly interest rates into an annual rate.
Investment A has a quarterly interest rate of 5%, which means it will compound four times a year. To convert this to an annual rate, we use the formula: EAR = (1 + r/n)^n - 1, where r is the quarterly interest rate and n is the number of compounding periods per year. Plugging in the values for Investment A, the calculation becomes: EAR = (1 + 0.05/4)^4 - 1 = 5.06%.
Investment B has a monthly interest rate of 2%, which means it will compound twelve times a year. Using the same formula, the calculation for Investment B becomes: EAR = (1 + 0.02/12)^12 - 1 = 2.02%.
Therefore, Investment B has the lower EAR of 2.02% compared to Investment A's EAR of 5.06%. This indicates that Investment B offers a lower effective interest rate on an annual basis, taking into account the compounding effect.
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Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answer:
It might be D- whic
Representative Sample? You want to determine the typical di- etary habits of students at a college. State whether each of the following samples is likely to be representative and explain why or why not. Sample 1: Students in a single sorority Sample 2: Students majoring in public health Sample 3: Students who participate in intercollegiate sports Sample 4: Students enrolled in a required history class
A representative sample is a subset of the population that represents the population in question. It has to be as unbiased as possible, to ensure that its characteristics represent those of the entire population. Therefore, a sample must be selected randomly and carefully.
Sample 1: The first sample is not representative of the general population. It is an example of a biased sample. Only students who belong to a particular sorority are considered. Therefore, there is no way to determine the typical eating habits of students in general.
Sample 2: The second sample is slightly better than the first sample. Public health students may have dietary habits that differ from the general student population. Therefore, the sample is not fully representative.
Sample 3: Students who participate in intercollegiate sports may have a different dietary plan than the general population. Their dietary habits might be different from those of the general population. Therefore, this sample is also not representative.
Sample 4: The final sample is the most representative of the population in question. Because it is a required course, students from all majors will be present in the class. As a result, a large number of students will be included in the sample. This sample is representative of the student population as a whole, thus it is the most representative of the general student population.
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April is studying finance in college. She wants to enter a career that will analyze the risk of a company. Which career pathway would be best suited for this?
A. Brokerage Clerk
B. Risk Management Specialist
C. Tax Preparer
D. insurance Sales Agent
Answer:
It would be B: Risk Management Expert
Explanation:
It makes more sense since she wants to enter a career that will analyze risk for a company
Answer: B
Explanation:
In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)
In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.
1. Temperature Sensors:
Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.
2. Occupancy Sensors:
Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.
3. Humidity Sensors:
Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.
4. Carbon Monoxide Sensors:
Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.
5. Light Level Sensors:
Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.
6. Pressure Sensors:
Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.
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Match each right or responsibility in a home rental agreement with the correct party.
renter’s right
renter’s responsibility
landlord’s right
landlord’s responsibility
removing bedbugs from property
arrowRight
basic housekeeping and damages caused by renter
arrowRight
return of deposit to renter after the rental agreement ends
arrowRight
eviction of renter for continued late payment of rent
arrowRight
1) renter's right----------return of deposit to renter after the rental agreement ends
Most states expect landlords to refund security deposits they gather inside a specific time period after the occupancy closes. Landlords may subtract from the security store any legitimate derivations for repairs and different harms made by the rent and state law.
You ought to request that a landlord to refund your deposit toward the finish of your tenancy.If your proprietor doesn't consent to the discount, the custodial plan holds the cash until the point that the debate is settled by the plan's question goals benefit or by the court.
2) renter's responsibility-----------b)basic housekeeping and damages caused by renter
Renters are commonly responsible of guaranteeing their property remains sanitary, clean and in decent shape. A landlord is generally not in charge of making any repairs caused by the inhabitant's own imprudence. Be that as it may, if an inhabitant sees an issue and neglects to report it to the landowner, the occupant might be held subject for extra harm that would not have happened had the occupant made an opportune protest.
3) landlord's right-----------eviction of renter for continued late payment of rent
Gathering late rent can be a standout among the most disappointing parts about being a landlord. All things considered, collecting money for the utilization of your rental property is the essential reason you got into land contributing.
At the point when renters drive landlords to begin the eviction procedure, it can appear as though getting any sort of cash out of the procedure is quite a while away. It's not unusual for the renter to get irate when they get a notice that the eviction procedure has been begun.
4) landlord's responsibility-----------a) removing bedbugs from property
Bed bug issue? It happens to even the best of apartments. Bed bugs can get a ride in your bag or utilized furniture (be careful with second hand sleeping cushions!) or on your apparel. The critters can even go from another loft in your building.
On the off chance that you presume Bed bugs, contact your landlord immediately. Your landlord ought to acquire a qualified exterminator to investigate for and measure the convergence of kissing bugs in your rental (and furthermore bordering units). Your proprietor should give you appropriate notice of section for the exterminator's assessment.
A(n)
strategy determines the direction the organization will take in making directional decisions.
A. business
O
B. organizational
C. operational
O
D. corporate
The weekly Kroger advertisement states that five-pound chubs of ground chuck are available for eighty-nine cents per pound. Arlene sees the advertisement; she realizes that ground chuck has not been priced this low in quite some time, so she hurries to the store to purchase some. Arlene loads seven chubs of ground chuck in her shopping cart. When she goes to the checkout to pay, however, the cashier informs Arlene that the price in the advertisement is a typo and that the correct price is $1.89 per pound. Arlene insists that the store must honor the price listed in the advertisement, because it is an offer that she has just accepted. The cashier calls the store manager for a decision. The store manager will likely explain to Arlene:_________.
i. that the advertisement is a valid offer because it is in writing.
ii. that the advertisement is a valid offer, and the store must honor the price in the advertisement.
iii. that advertisements are not offers, but merely a request for offers.
iv. that the advertisement is a valid offer because its terms are definite.
The manager would likely explain to Arelene that advertisements are not offers, but merely a request for offers.
What is an offer?In business, an offer is defined as a formal proposal to be part of a contract. In the case of stores, they offer products but the customer needs to express the proposal or make the offer by showing he/she wants to buy this product. Afterward, the store can accept the offer if the price is convenient for it.
What happens when the price in the advertisement is wrong?In the U.S. there are no laws that force stores to sell the product at an incorrect price displayed in the advertising. This is because there is a contract between the store and the customer only if the store accepts the money the customer is willing to pay.
Based on this, the store does not have the obligation to honor the price in the advertising as advertisements are only requests for offers.
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Ghost, Inc. , has no debt outstanding and a total market value of $450,000. Earnings before interest and taxes, EBIT, are projected to be $57,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 16 percent higher. If there is a recession, then EBIT will be 24 percent lower. The company is considering a $215,000 debt issue with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 9,000 shares outstanding. The company has a tax rate of 25 percent, a market-to-book ratio of 1. 0, and the stock price remains constant.
Required:
a. Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued.
b. Calculate the percentage changes in ROE when the economy expands or enters a recession.
c. Assume the firm goes through with the proposed recapitalization. Calculate the return on equity (ROE) under each of the three economic scenarios.
d. Assume the firm goes through with the proposed recapitalization. Calculate the percentage changes in ROE when the economy expands or enters a recession.
a. The return on equity (ROE) under each of the three economic scenarios before any debt is issued is is 9.5%
b. The percentage changes in ROE when the economy expands or enters a recession is 11%.
c. The return on equity (ROE) under each of the three economic scenarios is 7.2%.
d. The percentage changes in ROE when the economy expands or enters a recession as 40.4% to 35.4%.
First, let's calculate the ROE under each of the three economic scenarios before any debt is issued. When economic conditions are normal, EBIT is projected to be $57,000. Since there is no debt outstanding, the net income before taxes will be equal to EBIT.
Since the market-to-book ratio is 1.0, we can assume that the book value of equity is equal to the market value of equity, which is $450,000. Thus, ROE under normal economic conditions will be
=> 9.5% ($42,750 / $450,000).
When there is strong expansion in the economy, EBIT will be 16% higher than under normal economic conditions. So, EBIT will be $66,120 ($57,000 * 1.16). Using the same process as before, net income after taxes will be
=> $49,590 ($66,120 * 0.75)
and ROE will be
=> 11% ($49,590 / $450,000).
When there is a recession, EBIT will be 24% lower than under normal economic conditions. So, EBIT will be $43,320 ($57,000 * 0.76). Using the same process as before, net income after taxes will be
=> $32,490 ($43,320 * 0.75)
and ROE will be
=> 7.2% ($32,490 / $450,000).
Under normal economic conditions, the interest expense on the new debt will be $17,200 ($215,000 * 0.08). This will reduce net income before taxes to $39,800 ($57,000 - $17,200).
After taxes, net income will be
=> $29,850 ($39,800 * 0.75).
Since the company is using the proceeds from the debt issue to repurchase shares, the new equity value will be
=> $235,000 ($450,000 - $215,000).
Thus, ROE will be
=> 12.7% ($29,850 / $235,000).
Finally, let's calculate the percentage changes in ROE when the economy expands or enters a recession after the proposed recapitalization.
When the economy expands, ROE will increase by 40.4% [(17.8% - 12.7%) / 12.7%].
When the economy enters a recession, ROE will decrease by 35.4% [(8.3% - 12.7%) / 12.7%].
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Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
Answer:
Revenue
Ticket Sales - The Super Bowl is one of the most watched sporting events in the world and people pay top dollar to be able to attend it in the stadium. In 2019 the lowest estimate of revenue coming from ticket sales was $65 million. Television Rights - Networks pay to be able to broadcast the Super Bowl as it will bring in a lot of money for them from Ads. Fox, CBS and NBC are said to pay upwards of $2.5 billion every year to broadcast it. Merchandising - Millions are made in revenue from the sales of merchandise leading up to and after the big game.Expenses
Security - With so many people coming to the event, there has to be a provision for both private and public security. This means that Police will have to be paid for overtime and private firms will have to be paid their due. Cleaning - The stadium will have to be cleaned before, during and after the event so cleaning expenses will cost a bit too. Ad Hoc staff - There will be a need for people who will not have a specific job title but will still be needed to run around and embark on errands.Profits
The profits will depend on how much revenues exceeds costs by so all the above listed factors can affect profit.