Answer:
to provide users of the financial statements with absolute assurance that the financial statements contain no errors in them.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors by using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Some examples of financial statements includes a balance sheet, cash-flow and income statement.
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
GAAP is an acronym for Generally Accepted Accounting Principles, it was adopted by the U.S. Securities and Exchange Commission (SEC) and is the comprehensive accounting rules and standard used in recording and reporting financial information.
In accordance with generally accepted auditing standards (GAAP), providing users of the financial statements with absolute assurance that the financial statements contain no errors in them is not a purpose of an audit performed on a set of financial statements.
This ultimately implies that, an auditor cannot give a client an absolute assurance that a financial statement wouldn't contain errors in them.
The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable decreased by $10,000 and inventories decreased by $30,000. Prepaid expenses increased by $1,000 and accounts payable increased by $8,000. How much cash was provided by operating activities? Select one: a. $337,000. b. $329,000. c. $301,000. d. $321,000.
Answer:
a. $337,000
Explanation:
Calculation to determine How much cash was provided by operating activities
Using this formula
Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased
Let plug in the formula
Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000
Cash provided by Operating activities=$337,000
Therefore the cash provided by operating activities was $337,000
Sam is the marketing director for StyleHub, a clothing boutique. They opened their brick and mortar store last year, but Sam only published the website a month ago and it isn't receiving much traffic yet. Now, they're ready to focus on SEO and have some resources to dedicate to it. Which three tactics should Sam focus on initially
Answer:
There are several tactics that can help San increase traffic to her clothing store website. Some of them that he could focus on initially could be:
1- Create a profile on G. My Business, which is a tool that allows your site to be highlighted in the g. search tool when potential consumers are looking for clothes in your region, for example.
2- Create valuable content for your target audience, such as a blog, and spread it on social media, as a way to engage your audience and make them interested in visiting your site.
3- Optimize the website making its resources faster and more accessible, including mobile devices.
A licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, LLC or corporation is known as a
Answer:
Associate Real Estate Broker
Explanation:
It is said that in a perfectly competitive market, raising the price of a firm's product from the prevailing market price of $179.00 to $199.00, ____________________. will likely cause the firm to reach its shutdown point immediately will cause the firm to recover some of its opportunity costs could likely result in a notable loss of sales to competitors is a sure sign the firm is raising the given price in the market
Answer:
could likely result in a notable loss of sales to competitors
Explanation:
In the case of the perfect competitive market wheen the price of the firm is increased from $179 to $199 as compared to the prevailing market price so this means that there should be the loss with respect to the sales for the competitors or rivalrs as this would result the firm to lose its overall shares to its rivalry
Therefore the above statement should be considered true
the majority of problems Best Buy was facing have been brought about by _________________force.
Answer:
external force
Explanation:
The majority of the problems best buy is facing have been brought about by external forces. This includes competition from rivals such as Amazon and Walmart. This makes the company loose it's shares in the market and the company's stock loosing it's value.
Mrs. Moreau was planning to have several guests at her home for a traditional Thanksgiving dinner. She had cooked Shady Brook Farms fresh turkeys in the past and had enjoyed them very much. When she went to her usual grocery store, she discovered that the store no longer carried the Shady Brook Farms brand. She called several other grocery stores and was finally able to locate Shady Brook Farms fresh turkeys at a small grocery store approximately 10 miles away. She drove to the store and bought a 20-pound Shady Brook Farms turkey, even though the price per pound was higher than what she normally paid at her usual grocery store. For Mrs. Moreau, the Shady Brook Farms turkey was a(n)
Answer:
The answer is "Specialty product".
Explanation:
In the given scenario, Specialty products are products that both these consumers constantly seek out just because of their unique characteristics or loyalty to a particular brand. They understand what they want and are willing to put in the time and effort to obtain that. It is an important set of purchasers who is willing to produce the effort to purchase it because of its unique traits or brand identification.
Video news releases are ______. Group of answer choices None of the above options is correct produced by PR agencies and companies for use in TV newscasts aired by TV stations as part of their requirement to serve the public interest public service announcements (PSAs) eagerly accepted by TV news departments, especially in large markets
Answer:
produced by PR agencies and companies for use in TV newscasts.
Explanation:
Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.
It is a strategic communication process used by PR managers to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship and boost their level of sales.
Public relations is a marketing tool that combine news covered by the media which are often not a directly paid for medium and is typically used to influence, inform and persuade the consumer to purchase a product.
A video news releases is a segment or portion of a video that's produced to have similarities with news report and are sent to media houses.
On a related note, video news releases are produced by public relations (PR) agencies and companies for use in TV newscasts.
Entrepreneurial judgment Group of answer choices is necessary to make business decisions when no fixed decision rule can be used. is fully incorporated into modern economic models of business behavior. requires decision makers to follow carefully defined rules regarding uncertainty, discovery, and business judgment. requires government advice and regulation.
Suppose Joe contracts with Marvin to frame out a shop at Joe's ranch for $10,000. During the framing Marvin discovers the costs of framing will be $2,500 more than he anticipated, and threatens to walk off the job unless Joe agrees to pay the additional $2,500. Joe agrees to the price increase. Most courts today would hold the agreement to pay the additional $2,500 to be _____ the agreement based on a(n) _______. (Choose two correct answers)
Answer:
unenforceable;
preexisting duty
Explanation:
Preexisting Duty Doctrine
This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.
3 Types of Legal Duties
1. Public Legal Duties such ad the duty of a police officer to protect lives and properties.
2. Contractual Legal Duties such as unperformed, preexisting contractual promises etc.
3. Private Legal Duties such as the duty to follow the law.
Unenforceable Contracts
This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc unless they are settled and corrected according to law.
Kinds of unenforceable contracts
1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;
2.) Those that do not comply with the Statute of Frauds etc.
What is the business reason for China Noah’s potential currency exposure? Does the company really need to subject itself to substantial exchange rate risk? Is the risk "material" to China Noah? Do you think China Noah should hedge?
srry I dontcknwo
Explanation:
pls make as brriallent
John and Diana have been married for several years and share a goal of owning a 2nd home on the New Jersey shore in 8 years. They decide to review their financial expenditures monthly to evaluate steps they can take to better save their earnings. Which step of personal financial goals are they most in
Answer:
Step 5: Implementation and review of the financial plan
Explanation:
Considering the situation described above, the step of personal financial goals in which John and Diana are most in is "Implementation and review of the financial plan"
This is based on the fact that step of personal financial goals is:
1. Establishing and deciding your financial objectives and goals
2. Compiling your financial and personal information
3. Analysing your financial and personal information
4. Advancement and presentation of the financial plan
5. Implementation and review of the financial plan: this stage usually involves the process of income and expenditure adjustments.
Hence, when John and Diana decide to review their financial expenditures monthly to evaluate steps they can take to better save their earnings, they are in step 5 of personal financial goals, which is Implementation and review of the financial plan
If demand is inelastic, an increase in the price of a good will cause total expenditures on the good to Group of answer choices fall. remain constant since the decrease in quantity sold is exactly offset by the price increase. rise. rise if it is a normal good and fall if it is an inferior good.
Answer:
Rise
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
If price is increased and demand is inelastic, the fall in quantity demanded would be less than the increase in price. As a result total expenditures would increase
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Sixteen-year-old Omar is starting his first job with long daily commutes and heavy traffic. He wants to be a cautious driver and chooses car insurance with a very
low deductible. What is true?
He will likely pay low premiums.
He will probably have discounted premiums based on past safe driver history
His insurance will probably revise premiums every quarter.
His premiums are likely very high.
The statement " the premium is likely to be very much high" is correct.
The following information should be considered:
As per the financial experts, the auto insurance plan i.e. highly deductible should be wise as the annual premium amount should be less.In the case of the monthly premium, more amounts should be paid when there is less deductible. But for cars, there is no need to worry as there should be car insurance having less deductible.So, the following statements should not be relevant:
Lower premiums.Discounted premium.Revised premiums.Therefore we can conclude that the statement " the premium is likely to be very much high" is correct.
Learn more about the premium here: brainly.com/question/9834518
The true statement for the given question is :
He will likely pay low premiums.
Car Insurance
The car insurance or the vehicle insurance is defined as the insurance of the vehicle or the security deposit against the car to provide protection to any physical damage to the vehicle.
In the context, Omar has to pay low premiums for the insurance of his car.
This is because the money deducted from him for the insurance for his car is very low. So he has to pay low premiums.
Learn More :
https://brainly.com/question/24160469
A broker received conflicting demands from the buyer and the seller for the earnest money deposit. The broker unsuccessfully attempted to resolve the issue between the parties to the contract. Fourteen business days later, the broker notified the Florida Real Estate Commission (FREC) of the conflict. How many remaining business days does the broker have to implement a settlement procedure
Answer is 16 Days (16 business day remain)
Within 30 business days after receiving the competing demands, the broker must initiate one of the four settlement procedures.
14 days after the claim was made, the brokers reported the contradictory requests.Thirty days subtracting fourteen days = sixteen business days to perform one of the settlement processes.Learn more:
https://brainly.com/question/1213468?referrer=searchResults
A security guard, dressed in plain clothes, was working for a discount store when a customer got into a heated argument with a cashier over the store's refund policy. Without identifying himself as a security guard, the security guard suddenly grabbed the customer's arm. The customer attempted to push the security guard away, and the security guard knocked the customer to the floor, causing injuries. The customer sued the discount store for battery on a theory of vicarious liability for the injuries caused by the security guard. The store filed an answer to the customer's complaint, asserting the affirmative defense of contributory negligence. The customer has moved to strike the affirmative defense. Traditional rules of contributory negligence apply. Should the trial court grant the customer's motion
Answer: C. Yes, because contributory negligence is not a defense to battery.
Explanation:
Contributory negligence means that the party suing should take some responsibility for the injuries that they got in relation to an accident because didn't take enough care to ensure that they would not be involved in the accident. For instance, seeing a "wet floor" sign and falling whilst walking across.
Contributory negligence cannot be used as a defense against battery however because it is not accepted that a person should take blame for another person becoming physical with them. The Court would grant the customer's motion in this instance.
When the economy is severely
depressed, according to Keynesianism,
which of the following is being
underutilized?
A. Inflation
B. Imports
C. Tariffs
D. Capital resources (land & labor)
Answer:
D.
Capital resources (land and labour)
Tomorrow is my interview in Lucknow Public School for admission for 9th standard. Can anyone help me by giving some tips and tricks passing my interview
What is a stap you can take toward committing to a career path?
A Take some career assessments
B. Check for positions in your area
, )
Keep your options Open
O D. Find out how popularitis
Answer:
B. Check for positions in your area
Explanation:
i think though!! im not sure
Explain three ways in which tertiary sector industries contribute to the economy
Answer: retail, health care, financial services, entertainment, and many others.
Explanation:
Why should you understand what you can and cannot copyright?
Answer:
Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.
Explanation:
Answer:
So that therefore you wouldn't be fined of plagiarism of any kind.
Explanation:
Benefits Offered "Must-Haves":
The consumer price index is used toGroup of answer choicesturn dollar figures into meaningful measures of purchasing power.characterize the types of goods and services that consumers purchase.measure the quantity of goods and services that the economy produces.differentiate gross national product from net national product.
Ricky is working for Matt, a buyer client, who is interested in a property at which the listing agent offers compensation to cooperating agents. The listing agent has offered Ricky or any cooperating agent additional compensation if the transaction closes within 40 days. Is this ethical
The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This document describes the number of bonds authorized, their par value, and the contract interest rate. Multiple choice question. indenture article document agreement
Answer:
indenture
Explanation:
a bond indenture is a legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company
a bond indenture would contain the following :
The purpose why the bond was issuedThe stated interest rate of the bondThe dates when interests would be paid to bondholdersA list of covenants the issuer is subjected to in the period the bond is outstandingActions that would be taken in event of non payment of interest and or principalfour factors that affect the productivity of an office worker
Answer:
not enough sleep
no breakfast
noise
distractions
Of the various fees an applicant for a mortgage banker must pay in New York, which of the following is NOT one of those fees? A $1,500 fee for the home office requested An original mortgage banker bond of $50,000 A fingerprint fee of $94.25 A non-refundable $3,000 investigation fee
Answer: A $1,500 fee for the home office requested.
Explanation:
The fees that an applicant for a mortgage banker must pay in New York include the following:
• An original mortgage banker bond of $50,000
• A fingerprint fee of $94.25
• A non-refundable $3,000 investigation fee.
It should be noted that a $1,500 fee for the home office requested isn't among the fees to be paid.
What do all trades have in common
Answer:
profit
Explanation:
profit can be a answer
During the 1920s and early 1930s, the Rosedale Shoe Factory was able to prevent workers from forming a union by requiring them to sign an employment contract in which they agreed not to join a union as a condition of employment. Rosedale Shoe Factory was making use of
Answer:
yellow-dog contracts.
Explanation:
A yellow-dog contract required workers to agree not to join a union as a condition of employment. This type of contract was declared illegal by the Norris-LaGuardia Act in 1932.
Generally, local governments get the least amount of funding from:
A. property tax
B. income tax
C. sales tax
D. state government
Answer:
The answer is B. income tax
Answer:
income tax
Explanation: State and local governments tend to obtain the largest portion of tax revenues from property taxes and sales and gross receipts taxes. Another large source of revenue is individual income taxes
The _____________ concept recognizes that organizations thrive from day to day by determining the current needs and wants of target group customers and fulfilling those needs and wants more effectively and efficiently than the competition.
Answer: Social Marketing.
Explanation:
It's pretty self-explantatory :)
