Recent accounting scandals raised serious questions about the legitimacy of an accounting firm performing both auditing and consulting work for the same compa

Answers

Answer 1

Recent accounting scandals raised serious questions about the legitimacy of an accounting firm performing both auditing and consulting work for the same company. This statement is true.

Public accounting companies have seen a consistent rise in the percentage of their revenues coming from consulting services over the past few years.

Although services offered to non-audit clients have accounted for the majority of the rise in consulting revenue since the Sarbanes-Oxley Act (SOX), authorities have voiced worries about the possible effects of this development on audit quality.

Accounting companies, however, contend that the knowledge gained by their consulting staff enables them to deliver audits of higher caliber. We investigate the relationship between audit quality and investor perceptions of audit quality and the percentage of consulting revenue from accounting firms to total revenue.

We also separately explore these interactions in the pre- and post-SOX eras because SOX significantly changed the source of consultancy revenues for public accounting firms.

To know more about accounting firm:

https://brainly.com/question/28364190

#SPJ4


Related Questions

The communication ______ is the medium (e.g., print, television, radio) that carries the message from the firm to the consumer. channel.

Answers

The communication channel is the medium (e.g., print, television, radio) that carries the message from the firm to the consumer.

What is a communication channel ?

Both the means of communication and the specific tools employed can be referred to as communication channels. The medium (such as print, television, or radio) via which the company's message is delivered to the customer is known as the communication channel.

The routes of communication might go up from subordinates to superiors, down from subordinates to subordinates, or across from and to coworkers at the same level of power in the hierarchy. There are three main categories into which communication channels can be divided: spoken, written, and non-verbal.

Find out more on communication channels at https://brainly.com/question/848260

#SPJ1

a party who claims that he or she could not understand contractual terms because of tiny, hard-to-read print on the back of an agreement and the excessive use of legalese is referring to which of the following? question 36 options: an in pari delicto agreement procedural unconscionability substantive unconscionability commercial impracticability adhesion conscionability

Answers

A party who claims that he or she could not understand the contractual terms because of tiny, hard to read print on back of an agreement and the excessive use of legalese is referring to procedural unconscionability.

Procedural unconscionability which refers to the unconscionability in how a contract was said to be formed between the parties. This is now said to result from one party having a significant advantage over the another, that is, bargaining power and intelligence.

So a party who claims that he or she could not understand contractual terms and the excessive use of legalese is referring to procedural unconscionability as it describes a condition which tends to impair one party's understanding of the contract.

Hence, the unconscionability derives from the process of making a contract.

To learn more about the procedural unconscionability here:

https://brainly.com/question/15082800

#SPJ4

When you look for the best mortgage, you should consider _____. the appraised value of the home and whether it is a fixed or variable rate the appraised value of the home and whether it is a fixed or variable rate the amount of down payment required, the loan period, the PMI, and property taxes the amount of down payment required, the loan period, the PMI, and property taxes the cost of homeowner’s insurance, interest rates, and amount of down payment required the cost of homeowner’s insurance, interest rates, and amount of down payment required the APR, loan period, and whether it is a fixed or variable rate the APR, loan period, and whether it is a fixed or variable rate

Answers

When you look for the best mortgage, you should consider credit score. Among other things, consider your ability to make a down payment, the size of the loan you require, and your repayment timeline.

What do you mean by Appraised value?

In order to ensure that your financial lender is not extending an excessively big loan, your home's appraised value is the value that is assigned to it by a qualified real estate appraiser.

The borrower's credit score and report may be one of the main factors affecting a mortgage rate. Your borrowing history, including any late payments, inquiries, credit cards, or loans, is summarized in your credit score.

The credit score of the borrower is used by lenders to determine the loan amount. When determining a person's credit score, important factors like payment history and frequency of credit utilization are taken into account.

Therefore, Credit score is the correct option.

Learn more about Appraised Value, here;

https://brainly.com/question/21507493

#SPJ1

according to the u.s. federal trade commission, country of brand and country of design are required to be displayed for all textile and apparel products.

Answers

According to US federal trade commission, the country of brand and country of design should display 60% cotton and 40% polyester for all textile and apparel products.

With some exclusions regarding banks, insurance corporations, non-profits, transportation, and communications common carriers, air carriers, and some other entities, the Federal Trade Commission enforces a variety of antitrust and consumer protection laws affecting almost every sector of trade.

Materials comprised of natural, synthetic, or a combination of both fibers, thin threads, or filaments are known as textiles.  There is a huge range of textile fiber types accessible, and they can be divided into natural (organic) fibers and man-made (synthetic, industrial) fibers.

To learn more about the federal trade commission

https://brainly.com/question/17211466

#SPJ4

The cash account shows a balance of $40800 before reconciliation. The bank statement does not include a deposit of $8600 made on the last day of the month. The bank statement shows a collection by the bank of $3970 and a customer’s check for $1310 was returned because it was NSF. A customer’s check for $1330 was recorded on the books as $1960, and a check written for $317 was recorded as $388. The correct balance in the cash account was $42901. $44019. $51501. $42759.

Answers

On a balance sheet, a company's restricted cash is not listed underneath cash and cash equivalents; rather, it is mentioned in the notes to the financial statement.

Why do you use the word account?

Account is a record of debit or credit entries that covers transactions involving a specific asset (such as money or accrued liabilities) or a specific person or business. Account is also a statement of activities for a fiscal quarter that displays the balance.

What are the three different types of accounts?

Three different sorts of accounts are utilized in accounting: real, personal, or nominal accounts. Then, it is decided which of the two real account subcategories—tangible real account and immaterial real account—will be used. Additionally, there are three main sorts of personal accounts: Natural, Actual, and Artificial.

To know more about account visit:
https://brainly.com/question/22917325

#SPJ4

Which of the following is a typical amount of petty cash a small business would want to keep on hand

Answers

Small businesses keep between $100 and $200 in petty cash to pay for unexpected expenses.

What do you mean by Petty cash?

Petty cash is the amount any business or company keeps on hand to make purchases, small payments, and reimbursements.

Petty cash is an amount stored in a petty cash drawer, where it is most needed. A separate accounting system is used to track petty cash transactions. The maximum amount of cash held by a department or office to pay for incidental expenses will not exceed $500.

There are two types of petty cash books:

1. Imprest petty cash book.

2. Columnar or Analytical petty cash book.

Therefore, A typical amount of petty cash a small business would want to keep on hand is between $100 and $200.

Learn more about Petty cash, here;

https://brainly.com/question/17439772

#SPJ1

supply chain systems manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.

Answers

Supply chain execution system manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.

What do you mean by Warehouse?

A warehouse is a type of commercial building used extensively in the manufacturing and distribution sectors to store both finished items and raw materials as part of the supply chain.

Supply chain management is the control of flows. Any supply chain has five main flows: the flow of goods, the flow of money, the flow of information, the flow of value, and the flow of risk. The movement of items from a supplier to a client, as well as any customer returns or service requirements, are all included in the product flow.

Demand forecasting, often known as prediction, is a procedure used in supply chain management to make sure that products can be delivered and please customers. Striking a balance between having enough inventory to meet consumer demand without having an excess is the objective.

Therefore, Supply chain execution system is the correct answer.

Learn more about Warehouse, here;

https://brainly.com/question/14615286

#SPJ1

According to the Small Business Administration, a small business is an independent business with fewer than _____ employees
a. 500
b. 100
c. 50
d. 10

Answers

The Office of Advocacy generally defines a small business as an independent business having fewer than 500 employees.

Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business. The definition of "small" varies by country and industry in terms of being qualified for benefits from the government and favorable tax treatment.

The U.S. Small Business Administration establishes what qualifies as a small business based on a set of standards depending on specific industries. In comparison to mid-size and large firms, small businesses may be eligible for specific small business loans and are subject to some additional rules.

To learn more about small business refer here

https://brainly.com/question/13424073#

#SPJ4

the accountant at swiftly company is figuring out the difference in income taxes the company will pay depending on the chouice of either fifo or lifo as an inventroy costing method the tax rate is 30 and the fifo method will result in income before taxes of 8100

Answers

The typically raise that the tax difference between the two ways would be paid as follows: = 2,622 - 2,430 = 192.00.

What exactly is taxation?

Taxation is indeed the imposition of obligatory taxes on individuals or companies by governments in practically every country of the globe. Although it can be used for other things as well, taxes are typically utilized to raise money for government spending.

The importance of taxes.

Governments utilize the money they acquire through taxes to fund social projects, thus taxes are essential. Government initiative to the medical sector would not be possible without taxes. Social care, health research, social security, and other health-related services are all funded by taxes.

To know more about Tax visit:

https://brainly.com/question/16423331

#SPJ4

arguments for the activist approach toward social responsibility of organizations include that it is management's responsibility to earn profits for owners, that potential conflicts of interest occur when managers must meet profit goals and simultaneously enhance social welfare, and that businesses lack the expertise to manage social problems.

Answers

Corporate social responsibility (CSR), also referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.

Explanation:An organization's social obligations are those duties that the organization owes to society.

When a company participates in social activities, such as the Walk for Life, awards scholarships, hosts sporting events, and many others, it just raises public knowledge of the company; it does not give the company any new authority over the general populace or another company. Instead, it improved the quality of the participants' lives. Therefore, the notion that commercial involvement in social initiatives results in an overabundance of power cannot be used to discredit social organizations.

to know more about Corporate social responsibility visit:

https://brainly.com/question/14716229

#SPJ4

a caesar cipher uses a plaintext character to compute two or more encrypted characters, and each encrypted character is computed using two or more plaintext characters.

Answers

When something is "appended," it is done so at the end of another thing. By opening a file in the "a" mode, you can add content to it. When we wish to add a new line to something, we can open it in "a" mode (append), then execute the write() method while supplying the content we want to append as an argument.

Describe an example of plaintext.

Email messages that merely contain text, for instance, are known as plaintext emails. Plaintext communications are frequently used in marketing emails since HTML-encoded messages and messages with additional binary components are frequently blocked by spam-filtering software.

What are ciphertext and plaintext?

It is in plaintext if you can understand what is written. Ciphertext, often known as encrypted text, is a collection of randomly generated letters and numbers that are incomprehensible to humans. A plaintext message is input into an encryption algorithm, which then processes the plaintext to create ciphertext.

To know more about plaintext character visit;

https://brainly.com/question/29577420

#SPJ4

Which of the following statements is most correct?
a) Regulations in the United States prohibit acquiring firms from using common stock to purchase another firm.
b) Regulations in the United States require acquiring firms to use common stock to purchase another firm.
c) Hostile mergers always create value for the acquiring firm.
d) A conglomerate merger is one where a firm combines with another firm in the same industry
e) None of the above

Answers

None of the above is the most correct statement. The correct answer should be Defensive mergers aim to reduce a company's susceptibility to an acquisition.

a scenario in which one business joins forces with another in an effort to prevent a third business from acquiring it: The takeover bid has compelled them into a defensive merger with their biggest rival.

Defensive acquisitions are a type of corporate finance strategy in which businesses buy other businesses and assets to "defend" themselves from market downturns or potential takeovers. The typical motivation for an acquisition, which is typically increased market share or revenue, contrasts with a defensive acquisition.

To know more about Defensive mergers visit

https://brainly.com/question/28333919

#SPJ4

the phillips curve forecast involves using as part of the y variable with unemployment and as parts of x variables

Answers

The Philips curve forecast involves using as part of the y variable with unemployment and as parts of x variables. This statement is true.

What is meant by Philips curve?

The average association between wage behaviour and unemployment over the course of the business cycle was illustrated by Phillips' "curve." It displayed the rate of wage inflation that would occur if a specific unemployment rate maintained over an extended period of time. Phillips curve estimates were made quickly for the majority of industrialised economies.

The Phillips curve shows a consistent negative relationship between unemployment and inflation. According to William Phillips' theory, inflation follows economic expansion and should result in more jobs and lower unemployment.

= e h (u u N),h > 0. (1) Here, the inflation rate is, and the predicted inflation rate is e. Here, h is a constant positive coefficient and u is unemployment. 

To learn more abut Philips curve refer to :

https://brainly.com/question/28005556

#SPJ4

1. When you compose a message, you want your audience to find the information it needs quickly and to understand it. Your message should be easy to read and comprehend.
Strategic use of white space improves document readability. Which of the following techniques employ white space? Check all that apply.
Using bulleted and numbered lists
Using headings
Using serif typeface
Using parallel structures2. A WIDE variety of typefaces are available for business writers. Different typefaces suggest different purposes and occasions.
True or False: This selection uses a serif typeface.
True
False
Headings are important for visual impact and readability. Which of the following sentences about headings are true? Check all that apply.
Headings often appear in business reports.
Headings should not be used in formal documents.
Headings increase the skim value of a message.
3. Read the following sentence, and determine which technique is most applicable to improve its readability.
Please follow these steps when filling out an expense report: begin by writing your name, date, and position; record the exact expense amount; and obtain your supervisor’s signature.
Developing parallelism for balance
Using numbered or bulleted lists
Using graphic techniques
Choose the heading that is best at highlighting information and improves readability.
Financial Analysis of ABC Corp.
The Truth About ABC Corp. Profitability

Answers

Using bulleted and numbered lists techniques employ white space. It will improve readability.

Tips on how to improve the readability of your writing: Use short, simple sentences, Use common, everyday words, Use active voice, Keep your paragraphs short, Use headings and subheadings, Use lists, Highlight key points and Use visuals.

Readability is the ease with which a reader can understand a written text. It is a measure of the clarity and comprehensibility of a text and is used to determine the level of difficulty of a text. The readability of a text can be affected by many factors, such as the length of the sentences, the use of jargon, and the level of difficulty of the subject matter.

Hence, the correct option is "FIRST".

To know more about readability, click here.

https://brainly.com/question/14922912

#SPJ4

an item that is used all over the world: is not restricted if it a. is in electronic format. b. may still be controlled. c. does not require an export license. d. is not subject to the deemed export rule.

Answers

An item that is used worldwide: not restricted if not subject to the presumed export rule. Option d is correct.

What is Controlled Export?

It corresponds to a product that is controlled by competent bodies that develop a series of regulations and procedures so that the export of such product occurs in compliance with the laws. Some of these bodies are the ITAR which corresponds to International Traffic in Arms Regulations and the EAR, Export Administration Regulations.

Therefore, the controls on exports define the rules on all characteristics of products and services that are sent to another country, such as transfer procedures, release and all necessary requirements.

Therefore, controlled export ensures that there is greater security in export processes, generating greater security and reliability for such products.

Find out more about controlled export on:

https://brainly.com/question/28188043

#SPJ1

_____ costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another.a. Switchingb. Transferc. Conversiond. Shillinge. Infiltrating

Answers

Switching costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another. Thus the correct option is A.

What is a Retailer?

A retailer is referred to as a channel of distribution that purcahse goods from wholesalers in small amounts and sells them to customers. he is a direct link with customers so able to understand the demands taste and preferences towards products.

The expenditures a customer incurs when switching brands or products are referred to as switching costs. Switching costs are substantial because they enable businesses to sustain sales while also increasing brand recognition.

By decreasing the likelihood that a consumer will move to an alternative product rather than continuing with your brand, higher switching costs naturally reduce defection.

Therefore, option A is appropriate.

Learn more about the retailer, here:

https://brainly.com/question/29509602

#SPJ1

in order to avoid losing public support, president nixon informed the american people of his decision to begin bombing cambodia before launching the bombings

Answers

On April 30, 1970, President Richard Nixon informed the American people of his decision to begin bombing Cambodia in order to disrupt the supply routes of North Vietnamese forces.

In making this announcement, Nixon sought to avoid losing public support for the Vietnam War. He wanted to ensure that the American people were fully informed of the actions he was taking in the war effort. Nixon argued that the Cambodian bombings would help to protect the lives of American soldiers and those of South Vietnam. He also warned that failure to take this action would result in an increased risk of the conflict spreading to other countries in the region. Nixon was keenly aware that the public had grown increasingly war-weary over the course of the Vietnam War, and he wanted to ensure that his decision to bomb Cambodia would not further erode public support for the war effort.

To know more about president nixon here

https://brainly.com/question/14311688

#SPJ4

The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below.
Income Statement
Sales Revenue $ 86,000
Expenses: Cost of Goods Sold 40,000
Depreciation Expense 16,800
Salaries and Wages Expense 10,800
Rent Expense 3,300
Insurance Expense 1,700
Interest Expense 1,600
Utilities Expense 1,400
Net Income $ 10,400Selected Balance Sheet Accounts
Ending Balances Beginning Balances
Inventory $ 445 $ 520
Accounts Receivable 2,200 1,820
Accounts Payable 1,280 1,460
Salaries and Wages Payable 530 290
Utilities Payable 120 0
Prepaid Rent 70 110
Prepaid Insurance 60 70Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
CALENDARS INCORPORATED
Statement of Cash Flows (Partial)
For the Year Ended December 31
Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities 0
$0

Answers

CALENDARS INCORPORATED  Statement of Cash Flows (Partial)   For the year ended December 31   Cash flow from operating activities.

What is statement cash flow?

Having a high degree of cash conversion flexibility, cash equivalents are short-term assets. They include, among other things, the balances in savings and money market accounts, short-term CDs, and short-term government securities (e.g., treasury bills). Short-term commercial paper is another illustration of an alternative to cash (negotiable notes receivable issued by other companies).

On the balance sheet, you can show cash and cash equivalents together or separately. Some companies combine cash with short-term investments in marketable stock instruments. Effective financial management invests any surplus in cash equivalents, leaving very little cash on hand in the actual world. The distinction between cash and cash equivalents tends to lose significance with the availability of highly liquid assets.

to learn more about cash flow click:

https://brainly.com/question/735261

#SPJ4

The biggest difference between National Incident-Based Reporting System (NIBRS) and Supplementary Reporting system (SRS) is ______.

Answers

The biggest difference between National Incident-Based Reporting System (NIBRS) and Supplementary Reporting system (SRS) is  having communities safer.

The Supplementary Reporting system in the United States is not count in ordered can be submitted at a continued hearing and to provide the court with a new information about the reporting.

In the Supplementary Reporting system is the information which is used to collect monthly counts of the number of crimes known to law enforcement from many agencies in the United States.

A system that gathered information on each occurrence of reported crime. The NIBRS mandated local law enforcement agencies to submit at least a brief narrative of each incident/arrest, which set it apart from the UCR.

To know more about Supplementary Reporting system here,

https://brainly.com/question/28752743

#SPJ4

bug tracking softwareSystem developers use defect tracking software, sometimes called bug tracking software, to document and track program defects, code changes, and replacement code, called patches.

Answers

A thorough software program called a bug tracking software, often known as a defect tracker, maintains track of reported software bugs.

What exactly is a bug tracking program?

Software used by quality assurance (QA) and software development teams to submit software bugs and issues is known as bug tracking software, sometimes known as issue tracking software. An effective bug tracking system is necessary for software development.

What is the price of bug tracking software?

You may already be paying for issue tracking if you already have workflow, ALM, or project management software. Alternatives include a number of open-source and cost-free choices. Paid choices range in cost, but often cost $50 or less per month.

To know more about bug tracking software visit:-

https://brainly.com/question/22852795

#SPJ4

Which of the following monetary and fiscal policy combinations would definitely cause a decrease in aggregate demand in the short run

Answers

Contractionary fiscal policy refers to the use of fiscal tools to constrict the economy by lowering aggregate demand, which will result in lower output, increased unemployment, and a lower price level. Booms are fixed through contractionary fiscal policy.

What fiscal policy decreases aggregate demand?Consider a scenario where the government wants to stop a growth or reverse a recession. Its specific objectives would be to bring the economy back to full employment or to manage inflation, as appropriate. They may be able to accomplish their objectives with the aid of fiscal policy.Government expenditure and taxes (or transfers, which act as "negative taxes") are the tools of fiscal policy. Expansionary fiscal policy is used to close output gaps because you want to grow an economy that is generating too little (recessions). Expanding fiscal policy involves either raising taxes or cutting spending.A surplus-producing economy needs to be reduced. The best course of action in that situation would be to implement a contractionary fiscal policy, which would entail either raising taxes or reducing government spending.As an illustration, if Burginville is going through a recession, the government may issue tax refunds to everyone (an example of expansionary fiscal policy). What will transpire is as follows: An increase in discretionary income results from the tax refund. Consumption rises as a result of higher disposable income, and consumption rises as a result of higher aggregate demand. Gains in output and a decline in unemployment result from rising aggregate demand. Because of the decline in unemployment and the rise in output, inflation will rise as a result.

To Learn more About Contractionary fiscal policy refer to:

https://brainly.com/question/1416825

#SPJ4

When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to:A. declare personal bankruptcy.B. initiate legal proceedings against the partnership.C. contribute cash to the partnership.D. deliver a note payable to the partnership with specific payment terms.E. None of the above. The partner has no legal responsibility to cover the capital deficitbalance.Answer: C. contribute cash to the partnership.

Answers

When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to: contribute cash to the partnership.

What happens when a partner's capital balance is negative?A capital account deficit in your company indicates that you are taking more money out of the account than you are putting in. You would have a capital account deficit of $2,000, for instance, if you deposited $10,000 to your capital account during the fiscal quarter but used $12,000 from it.If a partner's capital account is in the negative, they must pay the partnership the negative sum.Such a capital shortfall when one partner is bankrupt is a loss to the remaining partners who are solvent.A partner is legally compelled to: provide funds to the partnership when a partnership becomes bankrupt and one of the partners has a deficit capital balance.

To learn more about partnership refer to:

https://brainly.com/question/14034519

#SPJ4

which of the following is true when comparing yield measures for money market instruments to yield measures for longer-term bond market yield measures? group of answer choices money market yield measures are derived from discount interest quotations, while bond market yield measures are derived from add-on interest. money market yield measures are based on simple interest, while bond market yield measures are based on compound interest. money market yield measures have a periodicity of one by design, while bond market yield measures have a periodicity that varies with coupon payment frequency.

Answers

The interest rate obtained from investing in assets with high liquidity and short maturities, such as negotiable certificates of deposit, U.S. Treasury bills, and municipal notes, is known as the money market yield.

What Is the Money Market Yield?The money market yield is derived by multiplying the holding period yield by a 360-day bank year divided by the number of days till maturity. It can also be calculated using a bank discount yield.Bond equivalent yield and CD-equivalent yield are closely related to the money market yield (BEY).Investors anticipate receiving a return on their investment from money market instruments, or the money market yield.The money market entails the buying and selling of substantial quantities of very short-term debt instruments, including overnight reserves or commercial paper.A person can make an investment in the money market by buying a money market mutual fund, purchasing a Treasury bill, or by opening a money market account at a bank.

To Learn more About money market yield refer to:

https://brainly.com/question/1305875

#SPJ4

Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $33,000. If the balance for the Allowance for Doubtful Accounts is a $5,000 credit before adjustment, what is the amount of bad debt expense for the period? a. $5,000 b. $28.000 c. $33,000 d. $513,000

Answers

$513,000 is the amount of bad debt expense for the period. The percentage of bad debts that a company anticipates may encounter is calculated using the percentage of receivables method.

The method is used to fill out the allowance for dubious accounts, a counter account that deducts from the asset for accounts receivable. Divide the entire accounts receivable for a period by the bad debt amount, then multiply the result by 100. The main benefit of employing the percent of receivables technique is that it gives more accurate findings than others because it takes into account the company's real receivables as well as the length of time they have been past due.

To learn more about account, click here.

https://brainly.com/question/22917325

#SPJ4

1.Institutions that help to match one person's saving with another person's investment are collectively called theA.Federal Reserve system.B. banking system.C.monetary system.D.financial system.

Answers

Institutions that help to match one person's saving with another person's investment are collectively called the financial system.

What are the financial system's components and purposes?

An economic structure known as a financial system allows for the transfer of assets and money between lenders, investors, and borrowers with the help of financial institutions. Its purpose is to effectively allocate economic resources in order to stimulate economic growth and produce a return on investment (ROI) for market players.

Why is the financial system crucial?

A stable financial system is capable of effectively allocating resources, identifying and managing financial risks, preserving employment levels close to the natural rate of the economy, and preventing relative price movements of real or financial assets that could jeopardize monetary stability or employment levels.

To know more about financial system visit:

https://brainly.com/question/27961174

#SPJ4

The curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly. A) short-run aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) long-run aggregate demand

Answers

The curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly is short-run aggregate supply.

Why does the short-term aggregate supply curve have a positive slope?

Given that certain nominal input prices are fixed and that more manufacturing processes get bottlenecked as output increases, the aggregate supply curve is upward sloping in the near run. Low levels of demand allow for output to be expanded without experiencing diminishing returns and an increase in the average price level.

Which curve for total supply has a positive slope?

The upward-sloping aggregate supply curve, sometimes referred to as the short run aggregate supply curve, demonstrates the favorable short-term link between price level and real GDP.

To know more about short-run aggregate supply  visit:-

https://brainly.com/question/14804835

#SPJ4

when machine-hours are used as an overhead cost-allocation base, the most likely cause of a favorable variable overhead spending variance is . question 18 options: the production scheduler efficiently scheduled jobs strengthened demand for the product a decline in the cost of energy excessive machine breakdowns

Answers

a decline in the cost of energy excessive ,machine breakdowns a decline in the cost of energy.

What is fixed overhead budget?

The fixed overhead budget variance is also known as the fixed overhead spending variance. Fixed overhead costs are the indirect manufacturing costs that are not expected to change when the volume of activity changes.

What comes under fixed budget?

A fixed (static) budget presents budgeted amounts at the expected capacity level. It is best used when the department's activities (e.g., sales) are stable. A deficiency with the static budget is the lack of flexibility to adjust to unexpected changes.

How is static budget calculated?

To calculate a static budget variance, simply subtract the actual spend from the planned budget for each line item over the given time period. Divide by the original budget to calculate the percentage variance

learn more about static budget visit:

https://brainly.com/question/27426308

#SPJ4

True or False: the three major activities in new-product development are to (1) generate new ideas, (2) screen and evaluate ideas, and (3) define and test product concept.

Answers

The given statement about major activities in new product development is False.

major activities in new product development are:

1. Identify potential product markets

2. Specify the market potential

3. expand the business possibility

Ideation, Feasibility, and Capability are the three stages that can generally be used to navigate the product development process.

Generally speaking, product development refers to all phases that go into creating a product, from concept or idea to market release and beyond. In other words, the complete path of a product is incorporated into product creation. There are numerous steps in this procedure, and every firm will follow a different course.

To learn more about Product Development click here

brainly.com/question/16760106

#SPJ4

In the context of affirmative action, opponents have raised concerns that giving preferential treatment to minority groups amounts to:
A) reverse discrimination against groups who do not get the same benefits.
B) adherence to the principle that all individuals are equal under the law.
C) a decrease in the educational opportunities provided to the minority groups.
D) giving equal importance to all individuals irrespective of their race or gender.

Answers

Bank assets, primarily bonds, loans, and leases, whose values are sensitive to fluctuations in interest rates; these assets are either repriced or revalued when interest rates fluctuate. Thus, the correct option is (A) reverse discrimination against groups who do not get the same benefits.

What is the difference between loans, and leases?

Loan: Typically, rates are variable and dependent on the Prime Rate or another index, such as LIBOR. The monthly payout varies with the index. This is advantageous when interest rates are decreasing and unfavorable when interest rates are rising.

Lease: Unless the lease specifies otherwise, payments are usually fixed for the period of the lease. Constant payments make planning and cash flow management much easier.

To learn more about cash flow, click

https://brainly.com/question/29768594

#SPJ4

Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, with an additional $200,000 in shipping and installation costs. Acme estimates that its accounts receivable and inventories need to increase by $800,000 to support the new project, some of which is financed by a $320,000 increase in spontaneous liabilities (AP and accruals).The total cost of acme's new equipment is _______ and consists of the price of the equipment plus the ____. In contrast, acme's initial investment outlay is ______.

Answers

If Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, The total cost of acme's new equipment is $4,680,000 and consists of the price of the equipment plus the assets' installation, shipping, and delivery costs. In contrast, acme's initial investment outlay is $4,200,000.

How to find the total cost and the initial investment outlay?

a. Total cost

Using this formula to find the total cost

Total cost = New equipment + Additional shipping + ( Increase in account receivable - Increase in spontaneous liabilities)

Let plug in the formula

Total cost = $4,000,000 + $200,000 + ($800,000 - $320,000)

Total cost = $4,000,000 + $200,000 + $480,000

Total cost = $4,680,000

b. Initial investment outlay

Initial investment outlay = $4,000,000 + $200,000

Initial investment outlay = $4,200,000

Therefore the total cost of acme's new equipment is $4,680,000  and the acme's initial investment outlay is $4,200,000.

Learn more about total cost and the initial investment outlay here:https://brainly.com/question/17009257

#SPJ1

Other Questions
Chinh wants to have a program print Sorry, but that isnt one of your options until the user enters the correct information. What should be used to do this? A. database B. import C. while loop D. for loop Lindsey's Cafe uses 5 bags of coffee every day. How many days will 1/2 of a bag of coffee last? The probability of winning a certain game is 0. 5. If at least 70 percent of the games in a series of n games are won, the player wins a prize. If the possible choices for n are n=10, n=20, and n=100, which value of n should the player choose in order to maximize the probability of winning a prize?. making a good first impression is one of the most important components of an effective presentation.T/F Which of these is a concept that began in ancient Greece and influenced the development of American constitutional democracy? Bill of Rights Secular government Executive branch Declaration of Independence discuss the pros and cons of a mnc having a centralized cash manager handle all investment and borrowing for all affiliates of the mnc versus each affiliate having a local manager who performs the cash management activities of the affiliate. based on the report that the admitting nurse received and a diagnosis of gastroenteritis and dehydration, what is the priority nursing action in caring for matthew? provide a rationale for the priority action. Danielle williams is a 29-year-old single taxpayer who changed jobs during the year. When she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. She then used the proceeds to make a down payment on a new car. In early 2022, she received the following form 1099-r reporting the distribution. Her only other income was from wages, and her 2021 taxable income was $51,350. What will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?. During the early 20th century, why were many elderly people supported by their adult children? A. Children considered supporting their parents an honor. B. Few people were able to save enough money for retirement. C. Elderly people enjoyed living with their adult children. D. The government gave adult children money for taking care of their parents. in multiple sclerosis the myelin sheaths around the axons of the brain and spinal cord are damaged and demyelination results. how does this disease manifest at the level of the action potential? i) action potentials move in the opposite direction on the axon. ii) action potentials move more slowly along the axon. iii) no action potentials are transmitted. in multiple sclerosis the myelin sheaths around the axons of the brain and spinal cord are damaged and demyelination results. how does this disease manifest at the level of the action potential? i) action potentials move in the opposite direction on the axon. ii) action potentials move more slowly along the axon. iii) no action potentials are transmitted. only i only ii only iii only ii and iii request answer functional/professional touch is the most highly dictated, generally by implicit cultural rules. true a 6.2 kg object heading north at 3.0 m/s collides with an 8.0 kg object heading west at 3.5 m/s. if these two masses stick together upon collision, what is their velocity after collision? There's a time when the operation of the machine becomes so odiousmakes you so sick at heartthat you can't take part. You can't even passively take part. And you've got to put your bodies upon the gears and upon the wheels, upon the levers, upon all the apparatus, and you've got to make it stop. And you've got to indicate to the people who run it, to the people who own it that unless you're free, the machine will be prevented from working at all. what city got all the economic benefits of the fur trade for Mountain men Large-scale irrigation projects implemented by the Soviets in the 1950s have diverted water from the two rivers that feed the sea. according to chvorinov's rule (check the last page), in a sand casting mold, the v/a ratio of the riser should be which one of the following relative to the v/a ratio of the casting itself? Which statement occurred first during the age of exploration A potato falling vertically downward is struck by a dart that is traveling vertically upward, as shown above. The dart and potato then collide, stick together, and continue moving after the collision.The weight of the dart is W. Which of the following claims best describes the magnitude of the net force on the dart immediately before, during, and immediately after the collision with the potato? the united states imposed a duty of on wind towers produced in china and vietnam and imported to the united states after they found evidence both countries were selling them at below fair market value, or , the practice of charging less than its costs or less than it charges at home to win a market. group of answer choices 15. Suppose an economy's marginal propensity to consume (MPC) is 0.6. Then, the multiplier must bea. 1.96.b. 3.c. 1.67.d. 2.5.