Answer:
The auditor should issue a qualified report for the departure from generally accepted accounting principles.
Explanation:
A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.
A business statistics course has 2 accounting majors, 4 finance majors, 6 marketing majors, and 8 insurance majors. Which one of the following is true if a pie chart was constructed to depict majors of students? Multiple choice question. The marketing slice would be three times as big as the accounting slice. The slice for accounting would represent 20% of the pie chart. The slice for insurance would make up more than half of the pie chart. The slice for marketing majors would be two times as big as the finance slice.
Answer: The marketing slice would be three times as big as the accounting slice.
Explanation:
The total number of majors are:
= 2 + 4 + 6 + 8
= 20 majors
The proportions of the majors are:
Accounting = 2 / 20 * 100% = 10%
Finance = 4 / 20 * 100% = 20%
Marketing = 6 / 20 = 30%
Insurance = 8 / 20 = 40%
Notice how marketing takes 30% and Accounting takes 10%.
Marketing will therefore take up three times as much slices as Accounting.
Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $18000 of materials, $13000 of direct labor costs, and $8000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $12000, and the ending balance is $9000. During the year, the company completed 25 machines. How much is the cost per machine
Answer:
Cost per machine $1,680
Explanation:
The computation of the cost of the machine is given below:
Beginning work in process $12,000
Direct material $18,000
Direct labor $13,000
Overhead $8000
Less: Ending work in process -$9,000
Cost of goods manufactured $42,000
Divided by Unit 25
Cost per machine $1,680
hence,the same should be relevant
Raj Patel's specialty pharmaceuticals packaging firm needs to be more agile in order to be competitive in the marketplace. Foregoing buying a full-service laboratory because of the investment and risk, Patel decides to form a ________ with a chemical firm in China that has a laboratory but lacks a packaging business. Each company brings a complementary capability to the other, allowing them to pursue mutual goals.
Answer:
strategic alliance
Explanation:
A strategic alliance in domain of business can be regarded as an arrangement between two companies
whereby the companies undertake a mutually beneficial project but even though they both undergo the project together, each of them will still retains their independence. This type of agreement can be regarded as been less complex and can be regarded as been less binding compare to a joint venture, whereby two businesses pool together resources so they can develop separate business entity.
A company needs performance targets or objectives Group of answer choices to unify the company's strategic vision and business model. to prevent lower-level organizational units from establishing their own objectives. for its operations as a whole and for each of its separate businesses, product lines, functional departments, and individual work units. because they provide parameters for the company's strategy map. to help guide managers in deciding what strategic path to take in the event that a strategic inflection point is encountered.
Answer:
For its operations as a whole and also for each of its separate businesses, product lines, functional departments, and individual work units.
Explanation:
Strategic plan
This is simply refered to as the lays out of the future direction of a company, performance targets, and strategy.
Company Mission
This simply states the purpose to which a company is set up and its present business. it answer the questions of "Who we are, what we do, and why we are here?.
The Objectives
This is simply the performance target or output to be generated by an organization. They are known as the specific goals or results that management wants to achieve. They are important at all organizational levels, from the corporate level down to the operating level.
A company is trying to set up proper internal controls for their accounts payable/inventory purchasing system. Currently the purchase order is generated by the same person who receives the inventory. Together the purchase order and the receiving ticket are sent to accounts payable for payment. What changes would you make to improve the internal control structure
Answer: I would relieve the responsibilities of person doing both generating purchase and receiving inventory
Explanation:
Receiving inventory and generating purchase are two separate task done in the accounting sector of an organization. Their activities can be really tasking especially when the organization is big and has a lot to deal with. For this present organization, the change I will effect is to relieve the responsibilities of person doing both generating purchase and receiving inventory, and assign them to just one, either of them, then get someone else to do the other task. This makes it easier and faster for both the organization and the personnel.
The acquisition cost of a plant asset does not include multiple choice incidental costs, such as title fees, sales commissions, legal fees, and so on. repair costs resulting from damage to the plant asset while it was being unpacked. all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. costs incurred to modify or customize the new plant asset.
Answer:
The answer is ' repair costs resulting from damage to the plant asset while it was being unpacked'
Explanation:
The acquisition cost of a plant asset does not include repair costs resulting from damage to the plant asset while it was being unpacked. Why? - Because this doesn't lead to the improvement of the asset.
Acquisition costs comprise the commission paid, legal fees, cost of improving the assets and all necessary cost paid to get the assets running.
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and paid installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment
Answer:
the total cost of the new equipment is $105,500
Explanation:
The computation of the total cost of the new equipment is given below:
Total cost of the new equipment is
= Net price + Sales tax + Installation charges + Payment for concrete slab
= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000
= $105,500
Hence, the total cost of the new equipment is $105,500
Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of authority indicating that only Eleonore has the authority to buy and sell horses on behalf of the partnership. James, a regular customer who was unaware of the statement of authority, asks Henry if he can buy one of the horses from the partnership. Henry agrees to sell James a horse. When Eleonore finds out about the sale, she is furious, and demands that Henry retrieve the horse from James. Is Henry's sale of the horse binding
Answer:
Yes, because Henry had authority to sell the horse
Explanation:
In the given scenario Henry had apparent authority to sell the horse.
Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.
James rightly assumed Henry had the power to sell the horse.
So the sale of the horse is binding on Eleonore.
Carlos tiene $40.00 para gastar a la semana en almuerzos y copas de vinos. El precio de cada almuerzo es de $8.00 y el precio de cada copa de vino es de $4.00.
La siguiente tabla presenta la utilidad total de Carlos relacionada con los almuerzos y las copas de vinos.
Answer:
Carlos gastará $12.00 al día para almuerzos y copas de vino.
In his speech the previous day, the new CEO had discussed his experience in the industry and his education. Carrie thought that the new CEO would do a great job given these characteristics, coupled with his good oratory skills and the fact that he just looked like a CEO. Carrie realized that she had been judging the new CEO in a manner consistent with the
Answer:
trait
Explanation:
Trait leadership means the personal attribute pattern that could be integrated and the same should be reflected the individual differences range also it foster the consistency leader effectiveness for different group and the organization situation
so as per the given situation, it is a trait leadership theory
The same should be considered and relevant
During its 2021 fiscal year, Jacobsen Corporation reported before-tax income of $624,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain$204,000 Loss on discontinued operations(304,000)The company's income tax rate is 25%. Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2021 income statement, Jacobsen would report income from continuing operations of:
Answer:
the income from continuing operations reported is $777,000
Explanation:
The calculation fo the income from continuing operations reported is shown below:
= Before tax income + unusual gains × (1 - tax rate)
= $624,000 + $204,000 × (1 - 0.25)
= $624,000 + $153,000
= $777,000
hence, the income from continuing operations reported is $777,000
what are the different levels of profession
Answer:
the different levels of profession are:
medium level profession
high level profession
Based on its perceived riskiness, the annual required rate of return is 11.5% for shares of Cyberdyne Inc. The company just paid their annual dividend of $8.69 a share. Analysts predict that the dividend will grow at an annual rate of 6.1%. What is the estimated price of the stock in 5 years, using the Dividend Discount Model
Answer:
the estimated price of the stock in 5 years, using the Dividend Discount Model is $216.38
Explanation:
The calculation of the estimated price of the stock in 5 years is given below:
= 5th Year dividend ÷ (Required return - Growth Rate)
Dividend at year 5 should be
=Dividend at year 0 × (1 + Growth Rate)^5
= $8.69 × (1.061)^5 ÷ (0.11.5 - 0.061)
= $216.38
Hence, the estimated price of the stock in 5 years, using the Dividend Discount Model is $216.38
When auditing accounting data, auditors focus on Group of answer choices determining if fraud has occurred. determining whether recorded information properly reflects the economic events that occurred during the accounting period. analyzing the financial information to be sure that it complies with government requirements. determining if taxable income has been calculated correctly.
Answer:
determining whether recorded information properly reflects the economic events that occurred during the accounting period.
Explanation:
Auditng is an independent examination of the financial records of an organisation to determine if the records conform if recorded information properly reflects the economic events that occurred during the accounting period.
It is used to determine if financial records accurately represent the financial position of an organisation in a given period
types of audit : external audits, internal audits, and Internal Revenue Service (IRS) audits.
Organizations must continually train their employees because: a. the importance of satisfying certification requirements has increased. b. employees' productivity decreases with time. c. the legislation on providing ethnocentric training to workers has become stringent. d. organizational training has a positive relationship with employee turnover rates.
Answer:
b. employees' productivity decreases with time
Explanation:
In the case when the organization trained to the employees on the continuity basis so this can be done because the productivity of an employees could be decreased as per the time
So in order not to decreased the productivity so the organization trained their employees on continuity basis
Therefore the option b is correct
When companies adopt the strategy formulation, strategy execution process, the first step is to Group of answer choices develop a strategic vision, mission, and values. execute the company's chosen strategy efficiently and effectively. adopt a proven business model, decide on the company's top management team, and craft a strategy. set objectives and develop a profitable business model to meet those objectives. monitor internal and external developments and initiate corrective adjustments to the business model when necessary.
Answer:
develop a strategic vision, mission, and values.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
On a related note, when companies adopt the strategy formulation, strategy execution process; the first step is to develop a strategic vision, mission, and values that would effectively and efficiently help it in achieving its aim, goals, objectives, and procedures in order to enhance the survival, growth, and overall effectiveness of a business firm.
What is the difference between economic profit and producer​ surplus? A. Economic profit includes opportunity costs but producer surplus does not. B. Producer surplus includes variable costs but economic profit does not. C. Economic profit includes fixed costs but producer surplus does not. D. Economic profit includes marginal costs but producer surplus does not. E. Economic profit includes government taxes but producer surplus does not.
Answer:
c
Explanation:
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Economic cost is accounting profit less implicit cost
Accounting profit= total revenue - explicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company. Individual responsibility and the importance of innovation are Group of answer choices diverse perspectives. focused values. enacted values. espoused values. analytics.
Answer:
Espoused values
Explanation:
From the question we are informed
Hewlett-Packard founders David Packard and William Hewlett who strived to create a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company. Individual responsibility and the importance of innovation are Espoused values.
Espoused values can be regarded as values which is been expressed on behalf of a particular organization, it could also be values that is been
attributed by senior managers of an organization in public statements
to that particular organization. Theses statement could be annual reports of the firm. These values are practical results of values been espoused through members of an organization.
What is the answer?? No links
Answer:
c
Explanation:
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Brian owns a parcel of land that is encumbered by a mortgage held by the First International Bank. Brian agrees to sell the land to Piercel for $350,000. Brian and Pierce together go to the First International Bank to discuss the sale and purchase with the banker. Brian, Pierce, and the banker sign an agreement stating that Pierce will assume the mortgage and that Brian will be discharged from all further liability on the mortgage. In this case:
a, the bank can collect from Brian if Plerce defaults.
b. the bank is a third party donee beneficiary,
c. the agreement among the three is a novation.
d. Brian is a third party beneficiary of the agreement between Pierce and the bank.
Answer: c. the agreement among the three is a novation.
Explanation:
A novation refers to a situation whereby a party to a contract is replaced by another party. That means that the duties and benefits of the party being replaced will be passed on to the new party to the contract.
In this scenario, Brian was replaced in the mortgage contract by Pierce and Pierce assumed all liability related to the land in question. This is therefore a novation.
. Suppose the market for personal computers in country A is monopolistically competitive. Country A exports as well as imports personal computers from the rest of the world. After full adjustment to the opening of trade, a firm in this industry which enjoys scale economies will: A. receive a higher price for its product. B. receive a lower price for its product. C. enjoy a greater market share. D. ultimately go out of business. __________ 16. The clustering of
Answer: B. receive a lower price for its product
Explanation:
Monopolistic competition is a market structure whereby the elements of both monopoly and competitive markets are combined. In such market structure, there are many producers in the market but they're selling differentiated products.
In this case, due to the fact that there's freedom of entry and exit, there'll be more firms coming into the market due to the supernormal profit which is made at first but in the long run, a lower price will be received for goods and services as there are many sellers in the market. Therefore, a normal profit will be made.
Which behavior demonstrates teamwork?
A) Write a blog post about the value of teamwork.
B) Go out to lunch with coworkers.
C) Collaborate with coworkers to solve a technical problem.
D) Read a book about what one can learn from participating in team sports.
Answer:
c
Explanation:
collaborate with coworkers to solve a technical problem that's definitely teamwork
Collaborate with coworkers to solve a technical problem, behavior demonstrates teamwork. Therefore, option C is correct.
What is the technical problem ?Technical problems are unanticipated equipment issues, including hardware malfunctions or software defects, that make it difficult or impossible to carry out a desired operation.
Important disputes are resolved through collaboration, especially those that have an impact on relationships between groups. Integrating solutions, advancing perspectives, securing commitments, and learning more about the other parties and the conflict itself are the main collaborative actions.
Technical problems are equipment issues. The knowledge and skills required to carry out particular activities are known as technical skills. They are applicable and frequently have to do with mathematical, scientific, information technology, or mechanical jobs. Knowledge of design software, mechanical tools, or programming languages are a few examples.
Thus, option C is correct.
To learn more about the technical problem, follow the link;
https://brainly.com/question/1874645
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15. Finding a place to live in Mumbai, India, has been getting harder these days for people who are not vegetarians. Vegetarianism is a centuries-old custom among the Indian population, but the requirement is becoming more obvious as non-vegs are being segregated from vegs. A real estate broker in Mumbai who will only rent or sell a home to a vegetarian as defined that group as its:
Answer: Target market
Explanation:
Target market could be defined as those group who a producer deem fit to use his or her product. When a producer makes an item, he has a group of people in mind that would buy because they need it, those group of people are the target market. Every producer considered this.
The real estate agent target market are vegetarian because he's renting the houses for what it was specified to be
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________. Question 5 options: the quantity demanded of financial capital at any given interest rate will remain unchanged. the quantity demanded of financial capital at any given interest rate will shift to the left. the quantity demanded of financial capital at any given interest rate will shift to the right. the quantity demanded of financial capital at any given interest rate will achieve equilibrium.
When consumers and businesses have greater confidence that they will be able to repay in the future, the quantity demanded of financial capital at any given interest rate will shift to the right.
Juan argued that bluegrass is the best food for cattle in the Midwest. Sammy objected by citing how the authorities at the U.S. Department of Agriculture recommended alfalfa over bluegrass for Midwestern cattle. If Juan counters this objection by arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill, then Juan has
Answer:
committed the fallacy of avoiding the issue.
Explanation:
The fallacy of avoiding the issue is also called the fallacy of irelevant conclusion or a red herring.
It occurs when an individual avoids dealing with an issue that he has a problem with.
In the given scenario the issue is whether bluegrass is better than Alfa Alfa for cattle in the Midwest.
Instead of Juan to address the issue he is arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill.
He is not addressing the main issue
Marginal benefit is the * 1 point a) increase in net benefit that a person receives from consuming another unit of a good. b) additional efficiency from producing another unit of a good. c) increase in profit from producing another unit of a good. d) change in total benefit that occurs when a person consumes another unit of the good. e) total benefit from consuming all the units of the good or service.
Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of
Answer: Visa card
Explanation:
Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.
In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.
Which type of banking system did the Federal Reserve Act of 1913 establish?
A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board
B. A system composed of twelve small privately owned banks that were not subject to federal oversight
C. A system consisting of multiple state-owned banks that were subject to oversight by the State Reserve Board
D. A system consisting of a large national bank publicly run by the federal government
Answer:
A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Hence, the type of banking system that the Federal Reserve Act of 1913 establish is a system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
Also, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.
Answer:
Each of twelve regional districts has a Federal Reserve Bank.
Explanation:
explain two sector model with saving and investment.
Answer:
sector economy, there are only two sectors of the economy, are , household sector and business sector.
Question Mode Multiple Select Question Select all that apply A cost accounting system: (Check all that apply.) Multiple select question. is used to control costs of manufacturing activities. provides general information used by investors. is used only with a perpetual inventory system. helps managers' determine selling prices.
Answer:
✓is used to control costs of manufacturing activities
✓helps managers determine selling prices
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
A cost accounting system: (Check all that apply.) is used to control costs of manufacturing activities. is used only with a perpetual inventory system. provides general information used by investors. helps managers' determine selling prices
A cost accounting system can be regarded as product costing system, it can be explained as framework that is been used by firms in estimation of the cost of their products when carrying out inventory valuation as well as cost control and profitability analysis, inventory valuation.The two cost accounting systems are;
✓ the job order costing
✓ the process costing.
Job order costing system gives the accumulation of the costs that is been associated with particular batch of products.
Process costing helps in tracing as well as in accumulation of direct costs as well as allocation of indirect costs of a manufacturing process.
It should be noted that cost accounting system;
✓is used to control costs of manufacturing activities
✓helps managers determine selling prices
