Question 2 4 pts • A client uses a service organization to process its payroll. Which of the following statements is correct regarding the auditor's use of the service auditor's report on internal controls placed in operation? 1. The client's auditor can use the service auditor's report without inquiring about the service auditor's reputation. 2. The client's auditor can use the service auditor's report as audit evidence for the client's internal controls. 3. The service auditor's report should be referred to in the report of the client's auditor. 4. The client's auditor can use the service auditor's report to jointly determine the materiality level. 1 3 04

Answer:

a and d

Explanation:

Answer:

A & E

Explanation:

edge test

Answer:

Avoid forwarding spam and unnecessary messages such as chain letters.

Explanation: did the test

The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.

An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.

It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.

When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.

Therefore, the use of formal languages and proper formats made the emails more accurate.

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The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $750

accounts receivable are uncollectible = $640

the allowance for doubtful accounts has a debit balance = $110.

Total amount by the end = $750

Credit is part of your monetary energy. It lets you get the belongings you need now, like a loan for a car or a credit score card, based to your promise to pay later. operating to enhance your credit score helps ensure you'll qualify for loans while you need them.

Credit is the accept as true with which permits one birthday party to offer money or resources to every other birthday celebration in which the second party does now not reimburse the first birthday party immediately, but guarantees both to repay or return those sources at a later date.

Credit score is the capability to borrow cash or get right of entry to goods or services with the understanding that you'll pay later.

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Answer:

98.98%

Explanation:

the probability that at least 1 student prefers brand C = 1 - probability than 0 students prefer brand C

probability that 0 students prefer brand C = (0.4)⁵ = 0.01024

probability that at least 1 student prefers brand C = 1 - 0.01024 = 0.98976 = 98.98%

Answer:

having to make a down payment..

An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.

The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.

Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.

Thus, the ideal selection is option D.

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The Council of Better Business Bureaus is a national organization composed of all nongovernmental, independent, and local regulatory agencies that act to preserve good business practices.

BBB NP brings together business, industry, and trade associations to address national and international concerns and promote industry best practices related to truthful advertising, child-friendly marketing, privacy, and dispute resolution.

Once a complaint is submitted to the Better Business Bureau, they will determine if it is an issue that can be handled. For example, BBB does not deal with pricing, policies, employer or employee disputes, or anything related to professional processes or government agencies.

One way the BBB makes money is by hiring companies to be "certified." If a company is accredited, it can use the BBB accredited logo and customers will see the company as more trustworthy. To be accredited, a company must submit an application and pay a fee.

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Answer:

you earn a large amount of money to get use immediately, only $3.99/mouth.

A benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.

One significant benefit of obtaining a personal loan is the flexibility it offers in terms of usage. Unlike specialized loans, such as car loans or home loans that are tied to a specific purpose, personal loans can be used for a wide range of expenses, such as consolidating high-interest debts, funding a wedding, covering medical bills, or making home improvements. This flexibility allows individuals to address their unique financial needs without restrictions.

Additionally, personal loans often have fixed interest rates and fixed repayment terms, which means borrowers can plan their budgets more effectively and have a clear timeline for paying off the loan. This stability can help individuals manage their finances better, as they know exactly how much they need to repay each month.

Moreover, personal loans can also be a useful tool for building credit history. By making timely payments on a personal loan, individuals can demonstrate their responsible borrowing behavior, which can improve their credit score over time. A good credit score opens doors to better loan options and favorable interest rates in the future.

In summary, a benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.

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Focusing on the needs and wants of the customers so the organization can distinguish its product(s) from competitors' offerings.

sorry if this is wrong, i'm not entirely sure of this answer.

AP falls slower than MP due to the law of diminishing returns.

The law of diminishing returns states that as one input factor is increased while all other factors are held constant, the overall output or productivity of the system will eventually decrease. This law can be observed in agricultural production, where the addition of extra workers or resources may increase the overall productivity of a farm, but only up to a certain point.

Once that point is reached, adding more workers or resources will result in a lower rate of return or productivity, eventually leading to a decrease in output. In terms of economics, the law of diminishing returns can be applied to the production of goods and services.

The average product (AP) and marginal product (MP) are two important concepts that are used to measure productivity in this context. The average product is the total output divided by the number of inputs, while the marginal product is the change in total output that results from adding one more unit of input.

As the law of diminishing returns takes effect, the marginal product of labor (MPL) eventually decreases. This means that as more and more labor is added to the production process, the overall productivity of the system will decrease.

However, the average product of labor (APL) will fall more slowly than the marginal product, since it takes into account the overall output, not just the additional output that results from one additional unit of input.

Therefore, AP falls slower than MP due to the fact that it is calculated as a ratio of total output to total input, while MP measures the change in output resulting from adding one more unit of input.

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No entry is needed to adjust the balance of Flounder Spa’s Cash account on June 30th, since the total of the adjustments is zero.

Bank Reconciliation Statement of Flounder Spa for June 30, 20XX:

Particulars Amount (USD)

Amount (USD)Balance as per Bank4,165.00

Add: Deposits in transit2,900.00Less: Outstanding Cheques(2,131.05)

Adjusted Bank Balance5,934.95Balance as per Books4,002.35Add: Bao Dai's Note904.00

Less: Service charges (34.00)NSF cheque (473.20)

Customer's cheque error (18.00) (525.20)

Adjusted Book Balance4,381.15

Adjustments: Bank collection for Bao Dai's note and interest 904.00+ 44.00- 4.00= 944.00

NSF Cheque is already subtracted in the book adjustment.

Deposit in Transit is already added to the bank adjustment.

Customer's Cheque error of $18.00 (81.00 - 63.00) was entered incorrectly in the cash receipts journal.

Therefore, it needs to be added.

2 cheques (No. 742 for $479.00 and No. 747 for $46.20) were issued as payments on account and the amounts were entered incorrectly.

Therefore, both cheques need to be deducted from the adjusted book balance.

Bank Collection for Bao Dai's Note and Interest Journal Entry:

Account TitlesDebitCreditCash944.00Notes Receivable900.00Interest Revenue44.00

Bank Service Charges Journal Entry:

Account Titles Debit Credit Bank Service Charges34.00Cash34.00Customer's Cheque Error Journal Entry:

Account TitlesDebitCreditCash18.00Accounts Receivable18.00

Cheques Error Journal Entry:

Account Titles Debit Credit Accounts Payable45.80Cash45.80

Therefore, the adjusted balance for Flounder Spa’s cash account on June 30th is $5,205.95.

The journal entries needed to adjust the cash account at June 30th are: Bank collection for Bao Dai's note and interest Journal Entry:

Account TitlesDebitCreditCash944.00Notes Receivable900.00Interest Revenue44.00Bank service charges Journal Entry:

Account Titles Debit Credit Bank service charges34.00Cash34.00

Customer's Cheque Error Journal Entry:

Account TitlesDebitCreditCash18.00Accounts Receivable18.00

Cheques Error Journal Entry:

Account Titles Debit Credit Accounts Payable45.80

Cash45.80

No entry is needed to adjust the balance of Flounder Spa’s Cash account on June 30th, since the total of the adjustments is zero.

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Answer:

"Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.

" rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )

Explanation:

well water from an aquifer is a good considered "Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.

Well water from an aquifer is a good considered " rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )

Answer:

born with it

Explanation:

hopefully it helps if not then I'm sorry

Answer:

Born with it & Acquire it

Explanation:

You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.

With a forbearance or loan modification, you might be able to cut down on your mortgage payments or put them on hold for a while. You could possibly bring down your Visa installments or loan fee by agreeing with your charge card moneylender.

Collateral serves as backing for secured debt. The lender may take back the collateral in the event that the borrower defaults on a secured loan. Instances of gotten obligation incorporate home loans, car advances and got Mastercard's.

Paying the minimum monthly payment on all of your debts, with the exception of those with the highest interest rate, is one strategy that may help you reduce your debt the quickest. Pay as much as you can on that debt. After paying off this debt, you move on to the next one with the highest interest rate, where you pay more than the minimum.

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Situations that can be handled by using the Management Information Systems are that an organization needs different types of management to achieve business goals smoothly. However, managers, executives, and employees face problems and hurdles while running the organization.

Management Information systems are used by businesses to gather, process, and store data at all levels of operation. In order to provide the information necessary to conduct business on a daily basis, management compiles and disseminates this data.

Information systems are used by every employee in the business, even those who make hiring and firing decisions and pay the bills. A computer database could be used by a vehicle dealership to track the most successful products.

To sell goods through the Internet, a retail establishment can employ a computer-based information system. In reality, in order to gain a competitive advantage over rival companies, many (if not most) firms focus on MIS goal alignment.

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Answer:

its customer service and desion making

Explanation:

hope it help btw i search it up and it said that so its right

Top producer of 37 employees. Achievements help prospective employers identify individuals who are results-oriented and committed to the best way to describe an achievement on a resume.

This action research study then found that by sharing TED Talk sequences, student public speaking productions are more organized and Text analysis includes searching for keywords, relationships between meaning and meaning, translation, interpretation and extrapolation. I owe the greatest debt of gratitude to my colleague Jennifer Jenkins, who runs the At Least the Giant Culture Producers Can You hit the nail on the head and defined the whole thing. Most of the voices, producers and directors are emotionally attached to these teams.

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Upon the dissolution of the partnership, the portion that would have gone to Partner Abel is split evenly among his four heirs, resulting in each heir receiving 1/4th (25%) of the company's value.

In this scenario, with three founding partners and the dissolution of the partnership, the value of the company is divided equally among the partners, resulting in each partner initially receiving 1/3rd (33.33%) of the company's value.

However, since Partner Abel is deceased, his portion is distributed among his four heirs.

Since the portion that would have gone to Partner Abel is now split evenly among his four heirs, each heir would receive an equal share. Therefore, each heir receives 1/4th (25%) of the company's value. This distribution ensures fairness and equal treatment among Partner Abel's heirs.

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Retail websites can most advisedly grow their email list by giving their customers the option to sign up  their email during the check in.

The retail websites are websites that offer products for sale to the public. They can be owned and operated by individual retailers or by larger companies that offer products from multiple retailers.

These websites typically feature a variety of products, ranging from clothing and electronics to home goods and food. They allow customers to browse and purchase items from the comfort of their own homes, using their computers or mobile devices.

The examples of  retail websites are  Amazon, Walmart. The retail websites can most advisedly grow their email list by giving their customers the option to sign up  their email during the check in.

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Answer: lower cost

Explanation:

An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.

In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.

Therefore, the correct option is B.

Answer: Lower cost.

Explanation: This is the correct answer on Edge 2020 ( I just took the quiz and got it right ^-^).

Explanation:

The saving-borrowing-investing cycle generally begins with consumer borrowing to fund their purchases and for seed capital and they then use this capital to invest in their future.

Answer:

The savings-borrowing-investing cycle starts with borrowing for most people. People borrow money to initially pay for goods and services. Next, people can start investing money for future needs and wants. Investing will usually get the person more money later on. Finally, the person can save some money and spend the rest of their income.

Answer:

Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.

Explanation:

Hope this helps! Have a great day, and spread some positivity!

It is believed that experience is such a critical factor in improving driver safety.  Studies show that drivers with experience recognize hazards more rapidly, regardless of age. Thus, the correct answer is option A.

The awareness of the driver is the key element of the driver safety. As awareness requires being cognitively and perceptually engaged with the driving job and the surrounding environment, it is essential for driver safety.

Being aware of the road, identifying potential risks, keeping situational awareness, and being sensitive to shifting traffic patterns and other cars are all examples of driving awareness.

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If the cost of one unit of the public good is $125, then the number of units of the public good that should be provided would depend on the total budget available for the provision of the public good.

To determine how many units of the public good should be provided, we need to consider the budget constraint. The budget constraint is the maximum amount of money that can be spent on the public good given the available resources. In this case, the budget constraint is $2,500,000. To find out how many units of the public good can be provided at a cost of $125 per unit, we can divide the budget constraint by the cost per unit. $2,500,000 / $125 = 20,000. Therefore, if the cost of one unit of the public good is $125, then 20,000 units of the public good should be provided given the available budget.

The provision of public goods is an important aspect of government policy. Public goods are goods that are non-excludable and non-rivalrous, which means that they cannot be withheld from anyone and their consumption by one individual does not reduce the availability of the good for others. Examples of public goods include national defense, clean air, and public parks. The provision of public goods is often associated with market failures, such as the free-rider problem. The free-rider problem arises when individuals benefit from the provision of a public good without contributing to its cost. As a result, the provision of public goods may not be optimal from a social welfare perspective.
To overcome this problem, governments may intervene by providing public goods directly or by using taxes and subsidies to encourage private provision of public goods. The provision of public goods can be costly, and governments must balance the benefits of public goods against their costs. In the context of the table above, we are given information about the cost and quantity of a public good. We are also given the budget constraint, which is the maximum amount of money that can be spent on the public good given the available resources. To determine how many units of the public good should be provided, we need to consider the budget constraint. If the cost of one unit of the public good is $125, then we can use the budget constraint to calculate the maximum number of units that can be provided. Dividing the budget constraint of $2,500,000 by the cost per unit of $125 gives us: $2,500,000 / $125 = 20,000 .Therefore, 20,000 units of the public good should be provided at a cost of $125 per unit given the available budget.

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All of the following characteristics produce healthy organizations except limited feedback.

Role clarity refers to clear job descriptions and understanding of responsibilities within the organization. When employees have a clear understanding of their roles, it promotes efficiency and reduces confusion.

Participative decision making involves involving employees in the decision-making process. It fosters a sense of ownership and engagement among employees, leading to increased job satisfaction and commitment to the organization's goals. By including employees in decision-making, organizations can benefit from diverse perspectives and creative ideas.

Information sharing is another vital characteristic of healthy organizations. Open and transparent communication channels facilitate the flow of information, fostering trust, collaboration, and knowledge sharing. When employees are well-informed about organizational goals, strategies, and changes, they can make informed decisions and align their efforts accordingly.

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The complete question is:

Research indicates that all of the following characteristics produce healthy organizations EXCEPT

a. role clarity.

b. participative decision making.

c. information sharing.

d. limited feedback.

Stating in an answer for future reference, it's A, "Determine the overall work that needs to be completed to deliver the desired product, service, or end result".

No "Tutor" needed.

FIFO assumes that the inventory items that were purchased first will be sold first, and LIFO assumes that the most recently purchased inventory items will be sold first. A perpetual inventory system is one where inventory records are updated in real-time as items are bought or sold.

FIFO method:Jan 31 ending inventory using FIFO:800 units at $19 = $15,200 500 units at $22 = $11,000 Total = $26,200 COGS for January using FIFO:Cost of goods sold = $15,200 + $11,000 - $5,700 = $20,500 Now let's solve the given questions for LIFO method:Jan 31 ending inventory using LIFO:800 units at $19 = $15,200450 units at $22 = $9,900 Total = $25,100 COGS for January using LIFO:Cost of goods sold = $15,200 + $11,000 - $7,000 = $19,200 Now let's solve the given questions for LIFO method and with the purchase of 750 units on the 20th and minimized COGS for January:LIFO: Ending inventory:800 units at $19 = $15,200450 units at $22 = $9,900750 units at $24 = $18,000 Total = $43,100 COGS for January: COGS = $15,200 + $9,900 + $12,000 = $37,100 Inventory purchased on 20th = 750 units.

Hence, the resulting COGS for January is $37,100 and ending inventory is $6,000.

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The equity amount used in the weight calculation should be consistent with the total equity as reported in the company's financial statements.

The weights used in the WACC calculation should be consistent with the financial data used in the analysis. For example, if the cost of debt is based on the interest rate on the company's outstanding debt, the corresponding debt amount used in the weight calculation should also be based on the outstanding.

The weights used in calculating the Weighted Average Cost of Capital (WACC) represent the proportion of a company's financing that comes from different sources. Typically, these sources include debt and equity, but other forms of financing, such as preferred stock, may also be included.

The weights used for the WACC calculation can be determined based on either the market value or the book value of each source of financing. The market value of a company's financing represents the current market price of its equity and the present value of its debt. The book value, on the other hand, represents the value of the financing as reported in the company's financial statements.

The choice between using market value versus book value weights in the WACC calculation depends on the specific circumstances of the company and the purpose of the analysis. In general, market value weights are considered more appropriate because they reflect the current market prices and investor perceptions of the company's financing. However, there are some situations where book value weights may be more appropriate, such as when the company has a stable capital structure and its market value and book value weights are similar.

To calculate the market value weights, the market value of equity is divided by the sum of the market value of equity and the market value of debt. To calculate the book value weights, the book value of equity is divided by the sum of the book value of equity and the book value of debt.

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The correct option is (a) 5.0% is the difference in returns between the Three-Factor model and the single-factor model expected returns on Rascal Inc. stock

A straightforward asset pricing model called the single-index model (SIM) can be used to calculate a stock's risk and return. William Sharpe created the model in 1963, and it is widely used in the finance sector.

As per Single Index Model,

E(R1-Factor)  =  Rf + β (Rm - Rf)

                  =  3% + (1.3) (10% - 3%)

                  =  3% + 9.1%

                  =  12.1%

As per Fama French Three Factor Model,

E(R3-Factor)  =  Rf + β1 (Rm - Rf) + β2 (SMB) + β3 (HML)

                  =  3% + (1.0) (10% - 3%) + (-0.60) (2%) + (-0.85) (2%)

                  =  3% + 7% - 1.2% - 3.4%

                  =  7.1%

Difference  =  E(R1-Factor) - E(R3-Factor)

                 =  12.1% - 7.1%

                 =  5.0%

Hence, the correct option is (a) 5.0%

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The full question is:

The market return is 10% and the risk-free rate is 3%. Rascals Inc. has a market beta of 1.0, an SMB beta of −.60, and an HML beta of −0.85. The risk premium on HML and SMB are both 2%. If the single-factor model generates a regression coefficient of 1.3, using the Fama- French Three Factor Model, what is the difference in returns between the Three-Factor model and the single-factor model expected returns on Rascal Inc. stock?

A) 5.0%

B) 2.8%

C) 5.2%

D) 6.3%

What is law of demand?

A basic tenet of economics is the law of demand, according to which there is an inverse connection between price and quantity requested.

What is deflation?

Deflation is a drop in the average level of prices for goods and services. When the rate of inflation is lower than 0%, deflation takes place.

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