When looking for financial statement fraud, auditors should look for indicators of fraud by E) All of the above.
Auditors should take into account a number of signs and carry out a number of processes to identify possible fraudulent activity while investigating financial statement fraud. reviewing financial accounts, assessing changes in financial statements, reviewing the company's interactions with other parties, and analyzing its operating characteristics are all techniques that may be used to spot probable fraud.
A financial statement audit allows auditors to look for discrepancies, unexpected transactions, or misstatements that could be signs of fraud by looking at the statistics, trends, and ratios. Comparing the most recent financial accounts to those from earlier times will help you spot any unexpected variations or abnormalities while evaluating changes in financial statements.
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For members of what the diffusion of innovation theory calls the early majority, the recommended strategy for promoting a new technology is to _____.
For members of what the diffusion of innovation theory calls the early majority, the recommended strategy for promoting a new technology is to provide them with evidence of the system's effectiveness and success stories.
According to the diffusion of innovation theory, in order to promote a new technology one needs to lure the customers into thinking that why the particular product is effective and also there shall be stories that represent how the product benefitted the customers who used the new technology.
Without these promotional strategies, people will not be convinced for the new technology. Any kind of new technology that is brought into the market has to be proven effective through success stories.
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the optimal mix of output is always the same as the
The optimal mix of output is always the same as the production possibility frontier.
The production possibility frontier (PPF) represents the maximum combination of goods and services that can be produced given available resources and technology. It shows the trade-off between different goods when allocating resources. The optimal mix of output refers to the combination of goods and services that maximizes efficiency and utility. It occurs when the economy operates on the PPF, producing the highest possible level of output given its resources and technology. Therefore, the optimal mix of output is always the same as the production possibility frontier.
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Which career cluster did some states add to the list created by the National Association of State Directors of Career Technical Education Consortium? Architecture and Construction Science, Technology, Engineering, and Mathematics Finance Energy.
Answer:
The answer is energy because when a certain career cluster is added to the National Association of State Directors of Career Technical Education Consortium, it would most likely be because there are a lot of companies that currently need professionals in that career cluster.
Due to environmental problems that are caused by the current energy source (fossil fuels), many companies put a lot of investments in pursuing new technology to replace fossil fuel as the main source of energy. (the current front runners are energy generated from solar or electricity)
Explanation:
Answer:
energy
Explanation:
edge 2022
1.1 Which statement best describes financial accounting …
A. Reports are prepared for managers and users inside the organisation
B. Provides a scorecard by which the past performance of a business is judged in
the form of financial statements which are used by stakeholders outside the
organisation
C. Conduct an official financial inspection of a company or its accounts
D. A and B only
E None of the above
When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
A) easy-money business.
B) hit-and-run business.
C) failure.
D) missing opportunity.
Answer:
The answer is B. Hit-and-run business.
Explanation:
If the current short run macroeconomic equilibrium is beyond Yf then we expect the economy will adjust to long run equilibrium by
Select one:
a. the price level and real GDP rising.
b. the price level falling and real GDP rising.
c. the price level and real GDP falling.
d. the price level rising and real GDP falling.
The correct answer is c. the price level and real GDP falling. The expected adjustment in the economy towards the long-run equilibrium, with both the price level and real GDP falling.
When the current short-run macroeconomic equilibrium is beyond the potential level of output (Yf), it indicates that the economy is operating above its long-run equilibrium. In this situation, there is upward pressure on prices as aggregate demand exceeds the economy's capacity to produce goods and services. However, in the long run, the economy will adjust to restore equilibrium. To reach the long-run equilibrium, the price level and real GDP will fall. As the economy operates beyond its potential output, firms face increased costs and resource constraints, leading to a decrease in production levels. This decline in real GDP helps align aggregate demand with the economy's productive capacity. At the same time, the decrease in output and excess supply in the market puts downward pressure on prices. Lower prices restore equilibrium by increasing consumer purchasing power and stimulating aggregate demand. Therefore, option c is the correct answer as it correctly identifies the expected adjustment in the economy towards the long-run equilibrium, with both the price level and real GDP falling.
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the margin of safety for the miter saw is?
A. two inches
B. three inches
C. four Inches
D. six inches
Answer:
D six inches
Explanation:
Your still cute
Answer: D. Six inches MINIMUM margin of safety at all times.
True or false genres or categories of repertory, do not necessarily transfer from one society to the next though they may be similar. Music
Answer:
True
Explanation:
Considering the style and function of music in society, researchers have found out that music is used for different specific purposes, in every different society as well.
In other word, there is specific music for specific events, hence, it is TRUE that "genres or categories of repertory, do not necessarily transfer from one society to the next, though they may be similar."
Consider Emily's balance statement:
Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?
A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800
Answer:
see below
Explanation:
A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.
Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.
In this balance sheet, Emily has confused assets and liabilities.
The column labeled as liabilities represents assets. She should change that. This column should be the topmost column. She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.
Answer:
Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.
Explanation:
There are Nation 1 and Nation 2 producing commodity X and commodity Y with labor and capital. Both nations use the same technology in production. Both commodities are produced under constant returns t
The paragraph states that both nations use the same technology for production and produce commodities X and Y with labor and capital, under constant returns to scale.
What does the paragraph describe about Nation 1 and Nation 2 and their production of commodities X and Y?The paragraph describes two nations, Nation 1 and Nation 2, that are engaged in the production of two commodities, X and Y. Both nations employ labor and capital in their production processes, and they utilize the same technology for production.
The mention of constant returns suggests that the production of both commodities exhibits constant returns to scale. This means that if the input factors (labor and capital) are increased proportionally, the output of commodities X and Y will also increase proportionally.
The paragraph does not provide further information about the specific characteristics or differences between the nations or commodities. However, it highlights that both nations operate under the same technological conditions, indicating a level playing field in terms of production capabilities.
To further analyze the implications of this scenario, additional information regarding the relative efficiency, resource endowments, or trade patterns between the nations would be necessary.
Without such information, it is difficult to draw specific conclusions about the economic dynamics between Nation 1 and Nation 2 in the production of commodities X and Y.
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What is the expected value of each option?
Your friend tells you he is going to start investing and would like to earn a 10% return. They say stocks make them nervous, so they will only be investing 10% in stocks and the remaining 90% will be invested in bonds. What would you say to him?
If you invest a 100% in stocks however, you stand to make an average of 9.2% but a chance of a worst return of -40.40%.
What are stocks?Stocks are a sort of security that grants owners a stake in a business. Another name for stocks is "equities." United States Securities and Exchange Commission
Stocks can be divided into numerous categories based on a variety of factors, including fundamentals, industry, risk, dividend payout, and business size.
A stock reflects a claim on a company's assets and earnings as well as a share in the ownership of the business. As a result, investors own a portion of the business.
Fractional shares of stock, which are less than whole shares of ordinary stock, also signify ownership in a corporation.
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In Ohio, what is the typical salary for a cost estimator who is in the top 10%?
Answer:
The typical salary for a cost estimator who is in the top 10% is $117,272
Explanation:
The salary of cost estimator in Ohio ranges between $54418 to $117,272.
$117,272 lies in the top 10% while the bottom 10% get $54418
On an average, the salary of cost estimator falls between $66,800 and $99,700
A Mercedes-Benz priced the same as a Ford Focus might not sell as well because of:
a. history of performance of similar Mercedes products
b. overall company reputation
c. psychological factors
What is the present value of $1000 paid at the end of each of the next 100 years if the interest rate is 7% per year?
To calculate the present value of $1000 paid at the end of each of the next 100 years with an interest rate of 7% per year, we can use the formula for the present value of an ordinary annuity:
PV = C × (1 - (1 + r)^(-n)) / r,
where PV is the present value, C is the cash flow (in this case, $1000), r is the interest rate per period (7% or 0.07), and n is the number of periods (100 years).
In this case, we have a cash flow of $1000 at the end of each year for 100 years and an interest rate of 7% per year. Plugging in the values, we get:
PV = 1000 × (1 - (1 + 0.07)^(-100)) / 0.07.
To explain the formula, the term (1 + r)^(-n) represents the discount factor, which accounts for the compounding effect of interest over time. Subtracting this discount factor from 1 gives us the present value factor. Dividing the cash flow by the interest rate gives us the annuity factor.
Evaluating this expression, the present value of $1000 paid at the end of each of the next 100 years, with a 7% interest rate, is approximately $9,537.08.
It's important to note that this calculation assumes a constant interest rate over the entire period and does not account for inflation or other factors that may affect the value of money over time. Additionally, it's crucial to consider that projecting such a long time frame can be subject to uncertainties and changes in economic conditions.
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Select the correct answer from each drop-down menu.
Ronald attended a seminar about the best practices to use when browsing the Internet. The presenter used the following statement in his discussion. However, Ronald
missed a couple of words. Help him find them.
“When using a public computer for browsing the internet, try to use ____ for transactions, also, use ____ browsing whenever you can.”
First blank answers:
A. One-time password
B. Single sign-on
C. Multiple accounts
D. Different computers
E. Repeated sign-ins
Second blank answers:
A. Public
B. Open
C. Secure
D. Restricted
E. Shared
When using a public computer for browsing the internet, try to use single sign-on for transactions also use secure browsing whenever you can.
What do you mean by internet?Internet refers to the global network providing a variety of information and communication facilities.
while using a public computer for browsing the internet, try to use single sign-on for transactions also use secure browsing whenever you can.
Therefore, B and C are the correct options.
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What is the term for a legally-binding document outlining the terms and conditions of a business transaction?
Answer:
A contract.
Explanation:
The Porter family used an online family budget estimator to compare the costs of living in Baltimore and San Francisco for a family with two parents and two children. Where is the cost of living higher?
Baltimore
San Francisco
The cost of living is the same for both cities.
There is not enough information to determine which city has a higher cost of living.
Option (b), The Porter family compared the cost of living in Baltimore and San Francisco for a family of two adults and two kids using an online family budget estimator. In San Francisco, living expenses are higher.
What are the seven necessities for a family budget?Make a list of your household's monthly expenses, including your needs and wants while keeping in mind that every family has unique requirements and preferences. You're likely to include your requests like housing costs, child care costs, food costs, health insurance, travel costs or car payments, utilities, and phone/internet bills.
In other words, because the cost of living index for the majority of requirements is higher in California than it is in Baltimore, it will be more expensive to live there than it will in Baltimore. An apartment in Baltimore, for example, is more expensive to rent than one in California. California's income distribution, restaurant costs, the purchasing power parity rate, and other factors should also be considered. To augment their prior monthly budget and maintain their lifestyle in California, the family may need an extra $1000 each month.
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La Corter's Dome has total assets of RM5,820, total debt of RM2,760 and total equity of RM3,652.90. Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. In the following year, the firm's projected sales growth is 21% and its projected assets is RM7,042.20. What is the amount of the external financing needed? Select one: A. RM1,048.30 B. RM629.30 C. RM469.30 D. RM611.30
The amount of the external financing needed to maintain the debt-to-equity ratio for La Corter's Dome is RM747.46 which closest to RM611.30. Thus, option D is the correct answer.
From the question we know that:
Total assets = RM5,820
Total debt = RM2,760
Total equity = RM3,652.90
Sales growth = 21%
Projected assets = RM7,042.20
Since the assets and costs are proportional to sales, therefore;
Total costs = 50% of sales
Total assets = Total debt + Total equity
Total assets = RM5,820
Total debt = RM2,760
Total equity = RM3,652.90
RM5,820 = RM2,760 + RM3,652.90
External financing required to maintain the debt-to-equity ratio= (Total assets × Total debt-to-equity ratio) − Total debt
External financing required to maintain the debt-to-equity ratio = (RM7,042.20 × [2,760 / 3,652.90]) − RM2,760
External financing required to maintain the debt-to-equity ratio = RM3,507.46 − RM2,760
External financing required to maintain the debt-to-equity ratio = RM747.46
The amount of external financing needed is RM747.46, therefore; option D (RM611.30) is the closest answer to it.
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Do any of y’all got cash app , but heyyy thankz for all the help
Define the terms:
- Scarcity
- Choice
- Opportunity cost
- Efficiency
- Inefficiency
Answer:
Scarcity: In short supply of
Choice: Making a decision
Opportunity Cost: The loss of one aspect of a decision with the benefit of another
Efficiency: Being efficient and accurate as well as reliable
Inefficiency: Not being effective and wasting resources or time
Fiat money Select one: a. has no intrinsic value. b. is any close substitute for currency such as checkable deposits. c. is a medium of exchange but not a unit of account. d. is backed by gold.
Answer:
is a medium of exchange but not a unit of account
A suretyship (guaranty) promise to pay the debts of another requires a writing to comply with the statute of frauds in all of the following situations EXCEPT: a.Costco, which has an output contract with Betty's Bakery to buy all of the brownies she can bake, promises to pay Susie's Sugar Shack for the sugar needed by Betty's Bakery should the bakery fail to pay b.27-year-old Sissy's father agrees to pay a mechanic for Sissy's car repairs c.Matthew promises to pay the credit card debt of his friend Alex d.Albert, an executor of the estate of Tillie June, promises to pay Tillie's debts from his own funds
A suretyship (guaranty) promise to pay the debts of another requires a writing to comply with the statute of frauds in all of the following situations except Albert, an executor of the estate of Tillie June, promises to pay Tillie's debts from his own funds.
There is a substantial distinction between sureties and warranties, these two types of security, despite the fact that they are both forms of security for a fundamental duty. In general, guarantees constitute separate primary duties, whereas suretyships create additional obligations.
A suretyship is an agreement made between a creditor, a principle debtor, and a third party who, often as a surety and co-primary debtor, commits himself in whole or in part to the performance of the major debtor's obligations. The surety agrees to pay the creditor in the event that the primary debtor is unable to do so in his individual capacity. Without a main commitment, there can be no certainty.
Option D is the correct answer.
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The complete question is, "A suretyship (guaranty) promise to pay the debts of another requires a writing to comply with the statute of frauds in all of the following situations EXCEPT:
A. Costco, which has an output contract with Betty's Bakery to buy all of the brownies she can bake, promises to pay Susie's Sugar Shack for the sugar needed by Betty's Bakery should the bakery fail to pay.
B. 27-year-old Sissy's father agrees to pay a mechanic for Sissy's car repairs.
C. Matthew promises to pay the credit card debt of his friend Alex.
D. Albert, an executor of the estate of Tillie June, promises to pay Tillie's debts from his own funds. "
if taxpayers can enjoy mosquito abatement without paying for it, they tend to understate their true valuation of mosquito control measures. this is an example of:
The free rider problem is a well-known economic concept that can occur in situations where a public good is provided.
Public goods are goods or services that are non-excludable and non-rivalrous, meaning that they are available to all and one person's consumption does not reduce the availability of the good for others. Mosquito control measures are an example of a public good because they are available to all residents in an area and the control of mosquitoes for one individual does not reduce the number of mosquitoes for others.
The problem arises when individuals are not required to pay for the public good or service that they benefit from. Because the benefits of the service are available to all, individuals may feel that their contribution to the cost of the service is insignificant and therefore not worth paying for. This can lead to a situation where individuals do not contribute their fair share, and the funding for the service becomes insufficient.
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A company purchased new equipment for $52,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,600; sales tax paid $2,900; and installation cost, $3,100. The cost recorded for the equipment was:
The cost at which the purchased equipment is being recorded but ignoring the sales tax is equivalent to $57,700.
What is the purchase cost?Purchase cost is the value at which the fixed asset is acquired by the company along with other related expenditures.
The purchase cost of equipment can be determined as follows:
Type of costs Amount
1) Purchase cost $52,000
2) Cost of installation 3,100
3) Cost of transportation 2,600
Total costs $57,700
Therefore, $57,700 is the total cost of the equipment being acquired by a company except for the sales tax amount which is being paid by the sellers.
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HELP PLEASE!!!
1. The Building & Construction encompasses both hands-on vocations and conceptual high-end careers.
True
False
2.
What is the minimum education needed to start a career as a Cabinet maker?
A college diploma in cabinet making
An Associates degree in cabinet making
A Ph.D. in woodworking is required
Only vocational training is needed to start a career as a Cabinetmaker
3. A majority of the careers that require more education also tend to pay a higher salary.
True
False
4. Many careers require some education beyond high school even for entry level positions. The career in Section 3 that is an exception to this is:
Welder
Cabinetmaker
Electrician
Set Decorator
5. The career that encourages obtaining an APTI or CAT certification is
HVAC Installation and Maintenance
Air Pollution Control Manager
Water Quality Specialist
Building Inspector
Answer:
#1 is False
#2 Cabinet makers are not required to have completed formal education related to the trade, but most employers prefer to hire individuals with a minimum of a high school diploma or General Educational Development (GED) credential.
#3 True
Explanation:
Consider the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B)
0 -$10,110 -$10,110
1 $5,200 $4,300
2 $3,373 $3,543
3 $4,473 $5,343
What is the crossover rate for these two projects?
a. 8.94 percent
b. 8.48 percent
c. 8.75 percent
d. 8.71 percent
e. 8.22 percent
The crossover rate is the cost of capital at which the net present value of two competing projects is the same. Two projects with the same initial outlay and various cash flows over time are mutually exclusive projects. The following two mutually exclusive projects' cash flows are given below:Year Cash Flow (A) Cash Flow (B)0 -$10,110 -$10,1101 $5,200
$4,3002 $3,373 $3,5433 $4,473 $5,343The crossover rate for these two projects is 8.75 percent.Option C is the correct answer.The internal rate of return of each project must first be calculated to determine the crossover rate. The
IRR of each project must then be compared to determine the crossover rate. To find the crossover rate, use the following formula:IRR(A) − IRR(B) / (IRR(A) − IRR(B)) × (CFA(B) − CFA(A)) = CFA(A) where CFA is the cash flow for each
project.The IRR of project A is 11.98 percent, while the IRR of project B is 12.35 percent. The crossover rate can be calculated as follows:IRR(A) − IRR(B) / (IRR(A) − IRR(B)) × (CFA(B) − CFA(A)) = CFA(A) = 8.75%Therefore, the crossover rate for these two projects is 8.75 percent.
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The correct answer is option B, 8.48 percent. The crossover rate is the discount rate at which two projects have identical net present values (NPVs). It is the point at which the cash flows from two distinct projects are equal.
The NPV is calculated using the following formula:
NPV = ∑ [CFt / (1 + r)t] - CF0 Where
CFt is the net cash inflow during the period t, CF0 is the initial investment amount, r is the discount rate, t is the period.To find the crossover rate for projects A and B, follow these steps:
1. Calculate the difference in cash flows between the two projects for each year:
Year 0: $0 Year 1: $5,200 - $4,300 = $900 Year 2: $3,373 - $3,543 = -$170 Year 3: $4,473 - $5,343 = -$8702. Find the NPV of the differences at the crossover rate:
NPV = $900/(1+r) + (-$170)/((1+r)^2) + (-$870)/((1+r)^3) = 0
3. Solve the equation for the crossover rate (r): You can use a financial calculator, spreadsheet software, or trial and error to find the rate that satisfies the equation. By solving the equation, the crossover rate is approximately 8.48 percent. So, the correct answer is b. 8.48percent.
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how bessemer process statistics can increased job opportunities gilded age economic opportunities?
The Bessemer process, a method for mass-producing steel, had a significant impact on job opportunities and economic opportunities during the Gilded Age.
The introduction of the Bessemer process revolutionized the steel industry by allowing for large-scale production at lower costs. This led to the expansion of steel mills and the creation of numerous job opportunities.
The increased demand for steel resulted in the growth of industries such as railroads, construction, and manufacturing, which further generated employment opportunities. Steel became a vital component for infrastructure development, including bridges, buildings, and machinery, driving economic growth and creating a ripple effect of job creation in related sectors.
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Imagine that you are conducting a competitive analysis for a dog grooming business in your area. Put the steps in order by matching each item to the answer.
Answer:
identify your niche → step 1
Analyze your own brand → step 2
Compile a list of Competitors → step 3
Divide your competitors in two groups → step 4
Analyze each competitor brand → step 5
Develop a marketing strategy → step 6
Note → I hope these are helpful. If I am wrong then please let me know
c. why might having broader bands help renaldo attract better ...why might having broader bands help renaldo attract better talent?multiple choicemore detailed job descriptions give applicants a better idea of what they are doing.good applicants feel comfortable in a hierarchical structure.increased emphasis on promotions will attract ambitious applicants.he will have more flexibility to meet market pay demands.
Might having broader bands help renaldo attract better he will have more flexibility to meet market pay demands.
Paying at market rate simply means to set your rates at a level that corresponds to the market average salary for a given position. Your business is paying at market rate if all of your employees receive a compa-ratio of 1.
The quantity of labor that all of the businesses taking part in a market will demand at various market wage levels is known as the market demand for labor in that market. A pay structure is a method for determining how much each person and job role should be paid based on how valuable they are to the company and how well they perform their duties.
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