when the audit client has engaged other audit firms to audit remote locations around the country, the principal auditor must mention the other auditors in his or her report. select one: true false
Answers
Under international auditing standards ,when the audit client has engaged other audit firms to audit remote locations around the country, the principal auditor must mention the other auditors in his or her report is the statement is false .
What is the duty of an auditor hired to conduct an audit?The auditor has a duty to prepare and carry out the audit in order to get a reasonable assurance regarding the absence of a major misrepresentation, whether brought on by fraud or error.The components whose financial information was audited by other auditors, their importance to the entity's overall financial statements, the names of the other auditors, and any conclusions that specific components are immaterial would all be noted by the principal auditor in the audit working papers.The primary auditor may study a written summary of the other auditor's processes and results, which may take the form of a completed questionnaire, or discuss the audit techniques used with the other auditor.The complete question is Under international auditing standards, when the audit client has engaged other audit firms to audit remote locations
around the country, the principal auditor must mention the other audit firms in the audit report.select one: true false
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Related Questions
ad hominem
red herring
false dilemma
false analogy
Excerpt
Logical
Fallacy
Our current mayor has been in politics for over 25 years. It is time
that we have a younger mayor, so we can have fresh ideas to make our city better.
is true that the city council id approve a tax for a new road
construction project. However, our city needs to attract more businesses to stabilize
our economy
bring to work instead of using public transportation is the net
eating everything on your plate it wastes veueble resources
Answers
Some personal finance experts say people should try to save about 15 percent of their take-home income. True or False?
Answers
Answer:
true
Explanation:
Saving money is worth the effort. It gives you peace of mind, it gives you options, and the more you save, the easier it becomes to accumulate additional savings.
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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________ is largest employer in the country and the largest purchaser of goods and services in the world.
Answers
The largest employer in the country which can also be regarded as largest purchaser of goods as well as services is U.S. federal government.
U.S. federal government can be regarded as national government of the United States, which is composed of self-governing territories as well as several island.She serve as one of the major force in the world market, and that is why many countries relied on their exports.Therefore, U.S. federal government is right.
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How does a command economy differ from a mixed market economy?
A. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
B. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
C. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.
D. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answers
Answer:
A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand . A command economy is an economic system where the government has control over the production and pricing of goods and services.
Explanation:
Which of the following statements explains the difference between a lease and a loan?
a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
C. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not
Answers
Answer:
A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
Explanation:
The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.
What is the difference between a lease and a loan?A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.
Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.
Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.
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journal
March 01 March 03 March 09 March 15 March 27 Debit balance of Binod account Rs.25,000. Sold goods to Binod Rs.20,000. Sold goods for cash Rs. 10,000. Cheque received f
Answers
Journal entries of the given transactions are as follows.
Debit balance of Binod account Rs.25,000.Binod A/C.......Dr 25000
To cash A/C 25000
Sold goods to Binod Rs.20,000.Binod A/C.......Dr 20000
To Sales A/C 20000
Sold goods for cash Rs. 10,000.cash A/C.......Dr 10000
To Sales A/C 10000
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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The government may pass laws to promote
Answers
Answer:
economic strength.
Explanation:
When was airmail established by Congress?
Answers
Answer:
Airmail was established by Congress in the Post Office Appropriation Act of February 28, 1925.
3. Give an example of a country with a large carbon footprint
per capita and explain why it is so large.
Answers
An example of a country with a large carbon footprint per capita is the United States. The carbon footprint per capita refers to the total amount of greenhouse gas emissions generated by each individual in a given country.
In the case of the United States, the carbon footprint per capita is significantly large due to several factors.
Firstly, the United States has a highly industrialized economy with numerous industries that produce large amounts of greenhouse gases. This includes sectors such as energy production, manufacturing, and agriculture. These industries are responsible for a considerable portion of the country's total emissions.
Secondly, the United States has a high level of car ownership and a transportation system heavily reliant on personal vehicles. This results in significant greenhouse gas emissions from transportation, as cars and trucks release carbon dioxide and other pollutants into the atmosphere.
Additionally, the United States has a large number of domestic flights, contributing further to its transportation-related emissions.
Lastly, the country's consumption patterns also contribute to its large carbon footprint per capita. Americans tend to consume more goods and services than people in other countries, resulting in more emissions associated with the production, transportation, and disposal of these goods.
In conclusion, the United States has a large carbon footprint per capita due to factors such as its industrialized economy, reliance on personal vehicles for transportation, and high levels of consumption.
Efforts to reduce this footprint include promoting cleaner energy sources, increasing energy efficiency, and encouraging more sustainable consumption patterns.
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It is important for a good economic model to predict cause and effect so that it can?
Answers
The ability to forecast cause and effect is crucial for a solid economic model since it enables it to both explain past events and foresee potential future ones.
A model of the economy's importance
Its main goal is to describe and examine the prices and volume sold in a market that is competitive. In relation to price and other factors, the equations of the model define the level of supply and demand (for example, income).
What conclusions do economic models draw?
A simplified representation of reality, an economic model enables us to observe, comprehend, and forecast economic phenomena. A model's goal is to simplify a complex, real-world scenario so that only the most important elements remain.
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T/F:depletion of a natural resource is typically recorded as a to cost of goods sold to depletion expense.
Answers
The Natural resource depletion is frequently reported as a cost of goods sold to depletion expense. The process of extracting and exploiting natural resources, such as minerals, oil, gas, or lumber, is referred to as depletion.
The cost of using up these natural resources is accounted for as an expense on the income statement. This expense is allocated to the period in which the depletion occurs and is recognised as a decrease in the value of the natural resource asset. By classifying depletion as an expense, businesses may fairly reflect the costs of both its extraction and use while accounting for the resource's steady consumption.
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2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.
Answers
Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.
A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.
The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.
Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.
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What are people with out a college education most likely to do
Answers
Which of the following is true of an unsecured loan?
A. They are exclusively for cars, houses, and other large purchases
B. Collateral could be collected by the lender if the debt is not paid
C. They never have any interest added onto them
D. Items of value that the borrowers owns are not at risk of repossession
Answers
Answer:
B
Explanation:
The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.
The unsecured loan is the type of loan in which there is no need for any type of collateral property.
The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.
Examples are:
Personal loans.Students loans.Credit cards.The following information related to unsecured loans is
It does not for cars, houses, or any other large purchasesIn this, the collateral does not involve.It contains high interest.Therefore we can conclude that, option d is correct.
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g what will happen to prices and unemployment (p and u), when the government decides to conduct a contractionary fiscal policy?
Answers
When the government decides to conduct a contractionary fiscal policy, it aims to decrease the level of government spending and/or increase taxes to reduce inflationary pressures in the economy. As a result, prices are likely to decrease as the demand for goods and services decreases due to reduced government spending and increased taxes.
When the government decides to conduct a contractionary fiscal policy, it typically involves reducing government spending and/or increasing taxes in order to decrease aggregate demand and control inflation. This can have the following effects on prices and unemployment:
Prices (P): Contractionary fiscal policy is designed to reduce inflationary pressures in the economy, so one of its primary effects is to put downward pressure on prices. When the government spends less and/or taxes more, it reduces the amount of money available for consumers to spend. This decrease in spending can lead to a decrease in demand for goods and services, which can lead to a decrease in their prices.Unemployment (U): The effect of contractionary fiscal policy on unemployment is less clear-cut than its effect on prices. Reducing government spending and increasing taxes can lead to a decrease in demand for goods and services, which can in turn lead to a decrease in the demand for labor. This can result in an increase in unemployment. However, if contractionary fiscal policy is successful in reducing inflationary pressures, it can help stabilize the economy and improve business confidence, which can lead to increased investment and job creation.Overall, the effect of contractionary fiscal policy on prices and unemployment depends on a variety of factors, including the initial state of the economy, the specific policies implemented by the government, and the responses of consumers, businesses, and financial markets.
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Tony earned a bachelor's degree at a public school. Which type of higher education institution did he attend?
A.
A 2-year college.
B.
A propriety school.
C.
A theological school.
D.
A 4-year university.
Answers
Answer:
D
Explanation:
Bachelor Degree is 4 years
Answer:
D.
A 4-year university.
Explanation:
Question 4 (10 points)
The ABC Company executives decide that they will begin to produce more gidgets
than gadgets. They previously had been producing 500,000 gadgets per year and
only 300,000 gidgets. Yet they noticed that at the end of the year, there were still
100,000 gadgets left on the shelves and no gidgets.
a. In an answer of at least one paragraph, explain why the company would want to
produce more gidgets based on this market data.
b. In an answer of at least one paragraph, explain why the ABC Company's decision
involves a trade-off and identify what the trade-off is.
Answers
Answer:
A. In an answer of at least one paragraph, explain why the company would want to produce more gidgets based on this market data.
Explanation:
The company has 100000 gadgets left in the stock and no gidgets
Answer:
The company has 100000 gadgets left in the stock and no gidgets
Explanation:
The ABC Company executives decide that they will begin to produce more gidgets only 300,000 gidgets. Yet they noticed that at the end of the year, there were still
What is Word World?
September is National Courtesy Month. What is a synonym for courtesy?
Give two examples of how you show courtesy to other
Answers
here is some examples I hope it helps
the communications management plan is a component of the: group of answer choices project directory quality management plan stakeholder analysis project management plan
Answers
Option d: The Communications Management Plan is a part of the Project Management Plan because it is essential for the smooth operation of the project.
From beginning to finish that the processes, products, etc. are communicated.
The how, when, and what-ifs of a project's execution are outlined in a collection of documents known as a project management plan. It provides an overview of the value proposition for the project, the steps involved in its execution, available resources, communication tools and procedures, risks, stakeholders (and their roles), and the deliverables needed to complete the project.
An executive summary, team and Gantt charts, a risk evaluation, and subplans for resource and communication management are all included in the documents.
It aids in lowering risks, gaining support, assembling team knowledge, coordinating communications, and ensuring resource availability.
A project management strategy provides stakeholders and end users with a roadmap for how a future project will be carried out.
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Complete question:
The communications management plan is a component of the: group of answer choices
project directory
quality management plan
stakeholder analysis
project management plan
______ systems report on various segments or business units of the company.
Answers
Managerial Accounting systems report on various segments or business units of the company.
Why is managerial accounting important?A type of accounting known as managerial accounting, also referred to as management accounting, creates statements, reports, and other paperwork to assist management in making decisions about the performance of their business. The most common use of managerial accounting is for internal purposes. Businesses need management accounting because it enables them to convert raw financial data into reports that can be examined and used for strategic business decisions.
To estimate the probable financial inflows and outflows associated with certain business choices, managerial accountants utilize capital budgeting. Internal accounting information users are the main focus of managerial accounting. Executives, product managers, sales managers, and any other members of the business staff who use accounting data to guide decisions are examples of these internal users.
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An income statement reports information over a period of time, indicating the financial progress of a business in earning a net income or net loss. (PG 182)
Answers
Answer:
True
Explanation:
An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.
The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.
E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 95. (Deductions should be indicated by a minus sign. )
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)
As of January 2, 2019
Carrying Value
Answers
This is how the bonds issued by E-Tech Initiatives Limited on January 1, 2019, will be shown on its balance sheet on January 2, 2019:
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)As of January 2, 2019
Long-term Liabilities:
Bonds Payable (Carrying Value)
Face value = $550,000
Discounts (27,500) $522,500
How is the carrying value of bonds payable shown on the balance sheet?The carrying value of this bond equals its par or face value ($550,000) plus any unamortized premiums or less unamortized discounts ($27,500).
Thus, the net amount between the par value and the premium or discount is called the carrying value which is reported on the balance sheet.
Data and Calculations:Face value = $550,000
Maturity period = 10 years
Interest on bonds = 3% annually
Issue value = 95
Price = $522,500 ($550,000 x 95%)
Discount = $27,500 ($550,000 x 522,500)
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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.
Sales (6,700 units) $ 469,000
Variable expenses 335,000
Contribution margin 134,000
Fixed expenses 103,500
Net operating income $ 30,500If the company sells 6,600 units, its net operating income should be closest to:
Answers
Rovinsky Corporation sells a single product and provides the contribution format income statement for November. If the company sells 6,600 units, its net operating income should be closest to $28,560.
Let's verify the claim from the given information. What is a Corporation? A corporation is a business entity that has been established by filing articles of incorporation with the government in the country where it operates. Corporations are owned by shareholders and are legally recognized as distinct entities from their owners. What is a contribution?Contribution is defined as the difference between the selling price per unit and the variable cost per unit. The contribution margin is the amount of profit that is generated by the company. It represents the amount of money that can be used to cover fixed expenses and generate a profit for the company. It is calculated by subtracting variable expenses from sales.What is Net Operating Income?Net operating income is the amount of money that a company has left over after paying all of its operating expenses. It is calculated by subtracting all of the company's expenses from its total revenue. The formula for calculating net operating income inlet operating income = Gross profit - Operating expenses Given data: Sales (6,700 units) = $469,000Variable expenses = $335,000Contribution margin = $134,000Fixed expenses = $103,500Net operating income = $30,500We can use the formula for calculating net operating income to find the answer to this question .NET operating income = Gross profit - Operating expenses The gross profit is the difference between the sales and the variable expenses.
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Who gave the difference between micro and macro economics?
Answers
The distinction between micro and macro economics was first introduced by John Maynard Keynes in the 1930s, in his book "The General Theory of Employment, Interest, and Money."
Micro and macro economics are two branches of economics that study different aspects of the economy. Microeconomics focuses on the behavior of individuals and firms in the market, and how they make decisions about the allocation of resources and prices of goods and services.
On the other hand, macroeconomics looks at the economy as a whole and how the economy performs on a large scale. It examines the overall level of output, unemployment, inflation, and other macroeconomic indicators.
In short, microeconomics deals with small parts of the economy, while macroeconomics looks at the big picture. Microeconomics provides the foundation for understanding the individual pieces of the puzzle, while macroeconomics ties all those pieces together to form a comprehensive view of the economy.
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What is the solution to this equation x+15=28
Answers
Answer:
13
Explanation:
Trust me
please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.
Answers
a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:
Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.
To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.
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What is this form used for?
SAVINGS WITHDRAWAL
FIFTH BANK
TOWNVILLE, ST
101 S. 1ST STREET
ACCOUNT NUMBER
DATE
$
NAME
SIGNATURE
1:50117135:
02
2010 Going
to withdraw money from a savings account
to deposit money in a savings account
to order checks
open a savings account
Answers
Answer:
to withdraw money from a savings account
Explanation:
The document appears to be a savings withdrawal form. The words Withdrawal are clearly visible, implying it is used when making withdrawals.
To withdraw is the removal or get money from a savings or checking account. Customers use the withdrawal form when they need to get money from their accounts. They need to fill in the amount required in words and figures and signs in the appropriate place. The customer then hands over the form to a teller.
The emphasis in Confucianism is on spiritual achievement rather than worldly goods A. True B. False
Answers
The emphasis in Confucianism is on spiritual achievement rather than worldly goods. The statement is A. True.
Confucianism is a system of moral, social, political, and religious thought that has had a significant impact on the cultures of East Asia.
Confucianism is a way of life and a mode of thinking that is centered on the teachings of Confucius and the application of these teachings in everyday life.
The emphasis in Confucianism is on spiritual achievement rather than worldly goods.
The objective of the Confucian is to become a true gentleman, or "junzi," and to achieve this one must cultivate virtues such as benevolence, propriety, and wisdom.
Confucius taught that individuals should strive to improve themselves morally and ethically in order to become better people and better citizens of society, rather than focusing solely on acquiring wealth or power.
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which of the following is an invoice presented by the carrier to a shipper
A: bill of lading
B: carrier freight bill
C: delivery receipt