The procedures to express an opinion on supplementary information are based on the materiality level used for the audit of the financial statements. So option a. is correct.
Supplementary information is any information presented in addition to the financial statements that is not necessary to fairly present the financial statements. This information may be presented with the financials or in a separate document. It should be derived from, and directly related to, the underlying records used to prepare the financials. The supplementary information should also relate to the same period covered by the financials.
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One way to gain information is by participating in trade fairs and trade missions.
a. True
b. False
Answer: true
Explanation: source from https://www.business.qld.gov.au/running-business/marketing-sales/marketing-promotion/show-exhibition/benefits
Trade shows are generally targeted at an industry and people involved or interested in that industry. Exhibiting at a trade show can be a great way to advertise to a target market and create brand awareness.
Exhibitions are open to a large and sometimes diverse range of audiences (usually the general public). This provides you with a platform to promote your product or service to a broader group that may have little or no knowledge of your products and services.
Depending on your type of business, product and market testing can be carried out at trade shows and exhibitions to gain industry or general opinion about your offering.
Being involved in a trade show or exhibition can provide you with opportunities to branch out to business-to-business trading and create a customer database from the visitors to your display booth.
7. How does the quality of management relate to each of these causes of small business failure?
Answer:
Explanation:
The quality of management can have a significant impact on each of the causes of small business failure. Poor management can lead to financial mismanagement, which can cause a business to run out of cash and become insolvent. Ineffective management can also result in a lack of clear goals and direction, leading to a lack of focus and poor decision-making. Additionally, poor management can lead to problems with staffing and employee morale, which can negatively affect productivity and customer satisfaction.
On the other hand, good management practices can help a small business avoid these problems and increase the likelihood of success. Good management involves setting clear goals and making sound financial and strategic decisions, as well as effectively managing and motivating employees. By addressing these issues, a small business can improve its chances of avoiding failure and achieving long-term success.
A.) June 30 Purchased a patent for $45,000 from a third-party marketing company related to the packaging of the company’s products. The patent has a 20-year useful life, after which it is expected to have no value.
B.) Amortization of the patent purchased on June 30, 2021, using the straight-line method
(Cost of Patent - Residual Value) / Useful Life = Annual Amortization Cost where: $45,000 is the cost of a patent (the cost to acquire the patent)
Amortization of the patent purchased on June 30, 2021, using the straight-line method.Remaining Value = 0 (the expected value of the patent at the end of its useful life)
20 years is the useful life (the estimated useful life of the patent). The formula yields the following annual amortisation cost for the patent: Annual Amortization Cost: $2,250 annually ($45,000 - $0) / 20. Therefore, using the straight-line method, the business must record an annual amortisation expense of $2,250 for the patent it bought on June 30, 2021. June 30 acquired a patent for the packaging of the business's products from a third-party marketing firm for $45,000. The patent is expected to lose all value after 20 years of practical use. B.) Straight-line-based amortisation of the patent acquired on June 30, 2021.
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Websites are hosted on a server and each of these servers has its own unique IP address. What does the 'IP' stand for?
A
Internet Position
B
Internet Placement
C
Internet Privatisation
D
Internet Protocol
'IP' stand for Internet Protocol.
Internet Position : This is not a general concept. However, it is mainly used by his ISP service. The towers seen in our city work with Internet locations. Mobile phones get better network speeds depending on their internet location.
Internet Placement: This means turning on airplane mode will change your mobile IP. This is why it is published online. This process runs when you turn off your phone.
Internet Privatisation : Simply put, privatization of the Internet starts working when you change your DNS servers. When we are private on the internet with a VPN, we are the privatizer of the internet.
Internet Protocol: This is one of the most important things for every website and Internet user. Anyone who connects to the internet on their device has an IP address. Simply put, an internet-connected device provided a specific IP. The website also has its own IP. Because of this, you can access the Internet.
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which one of the following is a characteristic of an oligopoly
Answer:
a small number of firms selling a homogeneous or a differentiated product
Explanation:
if this is one of the choices this is correct
Accounting and subsequently violates the covenant not to complete, what equitable remedy is available to big three accounting inc
Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.
What is Accounting?Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.
A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.
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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?
a. Rescission O b. Specific Performance O c. Reformation O d. Injunction
In which area does Suzy have an absolute advantage?
In local area Suzy have an absolute advantage. Suzy is a complete consumer insights platform that combines high quality audiences, quantitative data, and qualitative data into an one connected research cloud. Set up a demo. Investigate the Platform.
Absolute advantage is a term used in economics to describe a party's better capacity for output. Suzy specifically means the capacity to create a specific commodity or service for less money than a rival. Saudi Arabia is an obvious example of a country having an absolute edge over other countries since it has access to plentiful oil reserves. Other examples include Zambia, which has some of the richest copper mines in the world.
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answer my previous question for 50 pt dm me when its done first brainliest gets it.
Match the terms with their correct meanings.
offer
consideration
agency relationship
utility patent
(options to match with above)
a contract between an agent and
the principal
protects machines and industrial
processes
an unambiguous and clear proposal
the part of a contract that carries
the expectations of all parties in
the contract
The Match of the terms with their correct meanings are:
Offer - an unambiguous and clear proposalConsideration - the part of a contract that carries the expectations of all parties in the contractAgency relationship - a contract between an agent and the principalUtility patent - protects machines and industrial processesWhat is the consideration part of a contract?The value that each party brings to a contract is known as consideration. This could be in the form of money or a commitment to carry out a certain deed. A party may be expected to perform an act or refrain from performing an act, depending on the situation.
Therefore, In a principal-agent relationship, one entity formally designates another to act on its behalf. When there is a principle-agent connection, the agent represents the principal and shouldn't have any competing interests when performing the act.
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1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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a. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would be the value for labor supply?
b. At the imposed wage of $10.25 what would be the value for labor demand?
c. Provide a properly labeled and appropriately articulated Labor Market Model given the labor supply and demand equations provided and the imposed wage of $10.25.
d. Based on the labor market model you’ve now illustrated, how would you describe the current condition of this market given the imposed wage?
Solution :
Given the wage = $ 10.25 that is to be imposed to the market.
Given equation :
\(L_D\) = 500 – 45W and \(L_S\) = -200 + 25W
If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.
At W = 10.25
Putting this value in the above equation, the labor supply would be
\(L_S\) = -200 + 25W
\(L_S\) = -200 + 25(10.25)
= 56.25
When W = 10.25, the value for the labor demand can be found by :
\(L_D\) = 500 – 45W
\(L_D\) = 500 – 45(10.25)
\(L_D\) = 500 – 461.25
\(L_D\) = 38.75
Therefore, the labor demand and the labor supply model is
\(L_D\) = 400 - 45 x 10.25
\(L_S\) = -200 + 25 x 10.25
Which choice is not a characteristic of a competitive market?
A. firms sell similar products
little or no barriers to entry
B. a large number of firms C.offering similar products
D. firms have some degree of control over prices
What is the difference between earning a wage and earning a salary?
Answer:
Wages are the money your employer pays you for the hours you work each week. A salary, on the other hand, typically defines a fixed amount your employer pays you, not necessarily for specific hours worked but for completing the duties of your job
Explanation:
Which are the features of conditional formatting?
Answer:
Conditional formatting is a feature in many spreadsheet applications that allows you to apply specific formatting to cells that meet certain criteria. It is most often used as color-based formatting to highlight, emphasize, or differentiate among data and information stored in a spreadsheet.
1- According to economist Milton Friedman which of the following is the main purpose of a business?
Answer:
A mean purpose of business is to get profit
Explanation:
because in a business there is amount of money invested
adjustments that increase or decrease earnings should be investigated with more skepticism.
Answer:
True of financial account auditors.
Explanation:
A financial account auditor often act as skeptics (having suspicion and lack of trust) when reviewing financial transactions.
Thus financial accounts adjustments that increase or decrease earnings are usually investigated with more skepticism by auditors. Such increased skepticism is important because it enables the auditor undo errors and better position the business for success.
Identify some of the ways that Starbucks ‘engages’ its consumers in customer relationships?
Answer:
1. Social media. Like many other companies, Starbucks tries to engage customers using social media.
2. Sale promotions. Sales promotion is a marketing strategy where the product is promoted using short-term attractive initiatives to stimulate its demand and increase its sales.
3. Advertisements.
Explanation:
For questions 1-10, fill in the blank with the letter of the term that best matches the description.
a coverage
b. insurance
c. policy
d. risk management
e actuary
f. insurer
g. liability
h. claim
i. premium
j. deductible
1. An anangement by which a company gives customers financial protection againt loss or harm in return
for payment
2. Determining, minimizing, and preventing accidental loss in a business, for example, by taking safety
measures and buying insurance
3. The company that sells insurance
4. The amount of money charged for a certain amount of insurance coverage
5. The amount an insured person must pay before making a claim against an insurance policy before an insurer will pay any compensation
6. The amount or type of protection provided by an insurance policy
7. A statistician who calculates insurance premiums, risks, dividends, and annuity rates
8. A fixed dollar amount of coverage for damages that an insured becomes legally liable to pay due to an accident or other negligence
9. An application for payment under an insurance policy
10. A contract of insurance
Following are the correct terms for the descriptions provided.
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
ExplanationThe correct answers for the explanation given in the question is described above.
An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.
Therefore the answers are following
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
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Wilma sells her house for $600,000 two months after her husband passed away. They had purchased the house in 1952 for $58,000. Assuming they met the requirement for filing jointly, on what amount will Wilma have to pay income tax?
Wilma can exclude $500,000 of the gain from the sale of the house from her taxable income if she meets the requirements for married filing jointly.
What is the gain on the sale?The gain on the sale is $600,000 - $58,000 = $542,000. Since her husband passed away within the last two years, she is eligible for the $500,000 exclusion.
This leaves $542,000 - $500,000 = $42,000 as taxable gain. Wilma will have to pay income tax on $42,000. However, the exact amount of tax she will owe depends on the tax rates and other aspects of her financial situation.
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ROI on the first training program is
Question 3 options:
2
5
4.5
3.6
2 bmnbhvcgxgfcchgvjhkbjgvfycctdxf
12. Horizon Electronics is launching a new all-in-one product. The product can be used to play music, watch movies, check e-mail, and make phone calls. Because
there are so many features, you know there will be many questions. Your company is advertising a sale on the product, hoping that customers will buy it from your
store rather than online or at a competitor's store. How should you prepare for the large volume of customers asking about this product?
OA. Tell customers that they can call Horizon Electronics directly to answer questions about how to use the product.
OB. Rely on one of your co-workers to help you answer questions as he just bought the product for himself.
OC. Test the item on display making sure you can explain how to use each feature.
O D. Remind customers they can return the item if it is too difficult to use.
The best approach to prepare for the large volume of customers asking about the new product is:
OC. Test the item on display, making sure you can explain how to use each feature.
By testing the product on display and familiarizing yourself with its features, you will be able to provide accurate information and demonstrations to customers. This will help you address their questions and concerns effectively, increasing their confidence in purchasing the product from your store.
According to the infographic in the module, the highest number or customers using payday loans got about how many loans per year?
Payday loans are quick personal loans that you might take out to cover unforeseen costs. Although some lenders provide loans up to $35,000 or higher, most customers obtain sums between $500 and $5,000.
With a payday loan, a lender will issue high-interest credit depending on your income for a brief period of time. Usually, a portion of your next paycheck serves as its principal. Payday loans have high interest rates since they are used for short-term, urgent credit.
Additionally, they are known as check advance loans or cash advance loans. Payday loans are readily available to customers and have exceptionally high interest rates. When applying for a payday loan, you often need to present a pay stub because payday loans are primarily dependent on your income.
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The free enterprise system is a type of economy that?
Answer:
The governemnt doesnt have many restrictions on buisness, Business has a lot of say in government activity.
Explanation:
Answer:
prevents governments from interfering with businesses.
Explanation:
In the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized. You have volunteered to complete the closing of the books, and you find that all revenue and expense accounts have zero balances. The Dividends account has a debit balance of $18,750. The Retained Earnings accounts has a beginning credit balance of $134,000. Expenses totaled $325,500 and revenues totaled $364,400.
Prepare journal entries to complete the closing procedures as of year-end. To close the Dividends account.
Answer:
Revenues Dr $364,400
Income summary Cr $364,400
(Closing revenue accounts)
Income summary Dr $325,500
Expenses Cr $325,500
(Closing expense accounts)
Income summary Dr $38900
Retained earnings Cr $38900
(Transferring balance in income summary to retained earnings)
Dividends Dr $18,750
Retained earnings Cr $18,750
(Closing of dividends)
There are six workers, one at each of the six stations (A-F). They begin their workday at 8:00 a.m. and work steadily until 4:00 pm. (They are replaced with other workers for breaks and lunches, but the production is not slowed or stopped during these times.) Their hourly wage rate is $25 per hour. You can assume unlimited demand.
What are the direct labor costs (you can ignore any start-up or empty system effects)associated with producing one razor, in dollars?
The direct labor costs is $ 1500
What is Direct Labor Costs?
Wages paid to employees directly related to producing goods or rendering customer services are referred to as direct labor costs. The overall direct labor cost exceeds wages paid by a significant amount.
Any employee directly involved in a product's manufacturing is referred to as direct labor.
Calculation for What is the process capacity in razors/hour
Based on the information given we would be using process capacity of station D Assembly 3:
Process capacity of D = 1/60*60sec * 60 mins
Process capacity of D = 1/60*3600 razors per hour
Process capacity of D = 60
Therefore, the process capacity in razors/hour will be 60.
Since, their hourly wage rate is $25 per hour. Therefore, the direct labor costs is
= 60 * 25
= $ 1500
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A contestant asks for 200,000 for 25% of their business, what value have they placed on their entire company?
Answer:
$800,000
Explanation:
25% of the business is equal to 200,000, according to the contestants.
The entire company value is equivalent to 100%
25% = 200,000
100% = ?
100% = 200,000/25 x 100
=$8,000 x 100
=$800,000
Which $1,000 bond has the higher yield to maturity, a twenty-year bond selling for $800 with a current yield of 15% or a one-year bond selling for $800 with a current yield of 5%?
Answer:
Bond A is far better.
Explanation:
Assuming you're spending $800 on every bond.
After twenty years,
Bond A will be:
⇒ \(800\times 1.15^{20}+200\)
⇒ \(13,293\)
Bond B will be:
⇒ \(800\times 1.05^{20}\)
⇒ \(2,123\)
So that the above is the appropriate answer.
You are single and clean one hour do you presently earn 520.00 Per week starting next week you will receive a 5% increase in pay and will earn 54600 how much more will you have withheld from your weekly pay for federal income tax
Answer:
dang you’re right, i’m single and I clean )):
Explanation:
In its ads, Clorox touts the effectiveness of its Disinfecting Wipes by claiming that they disinfect better than those made by Windex, a competing brand. This is: 1. reminder advertising. 2. comparative advertising. 3. primary advertising. 4. selective advertising. 5. institutional advertising.
Answer: I would say 2. Comparative advertising
Explanation: In terms of comparing Clorox is saying, “yeah we disinfect better than windex over there.”
Exercise 8-14 Inventory cost flow methods; perpetual system [LO8-1, 8-4] Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018: Aug.1 Inventory on hand—2,100 units; cost $6.20 each. 8 Purchased 10,500 units for $5.60 each. 14 Sold 8,400 units for $12.10 each. 18 Purchased 6,300 units for $5.40 each. 25 Sold 7,400 units for $11.10 each. 31 Inventory on hand—3,100 units. Exercise 8-14 Part 1 Required: 1. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the FIFO method. (Round "Cost per Unit" to 2 decimal places.)
Answer:
a. The inventory balance Altira would report in its August 31, 2018, balance sheet is $16,740.
b. Cost of good sold = $89,100
Explanation:
a. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet
Based on FIFO method, we have:
Inventory 8,400 sold on Aug. 14 = 2,100 units from Aug. 1 beginning balance+ 6,300 units from Aug. 8 Purchases
Aug. 8 purchases balance after the Agug 14. sales = 10,500 - 6,300 = 4,200 units
Inventory 7,400 sold on Aug. 25 = 4,200 from Aug. 8 balance+ 3,200 from Aug. 18 Purchases
Aug. 18 purchases balance after the Agug 25. sales = 6,300 - 3,200 = 3,100 units
Value of closing inventory = 3,100 * 5.40 = $16,740
Therefore, the inventory balance Altira would report in its August 31, 2018, balance sheet is $16,740.
b. Determine the cost of goods sold it would report in its August 2018 income statement using the FIFO method.
Beginning inventory value = 2,100 * 6.20 = $13,020
Value of purchases = (10,500 * $5.60) + (6,300 * $5.40) = $92,820
Value of closing inventory = $16,740
Cost of good sold = $13,020 + $92,820 - $16,740 = $89,100
You are a project manager of a project to create a new laptop. This new laptop will be based on a previous laptop that your company has created. As part of your scope development, you're consulting with your project team members the schematics of the previous laptop. You've also taken the previous laptop model apart to represent every component in the laptop. Which technique are you utilizing in this scenario?
Answer:
The right response is "Product analysis".
Explanation:
Product analysis would be a data collection method and comparison towards competing models generally involves asking questions about the commodity as well as designing solutions appropriately. It encourages elements such as critical products, strategies, layouts, etc. to be evaluated. Elsewhere in this particular instance, there should be a connection to something like the output including its mac pc, which seems to be the older one, so it would be a must-have for software development to evaluate the old.