A written audit report regarding whether the financial statements are presented fairly ______.
Answers
An auditor's opinion is a written report issued by an independent auditor after conducting an audit of a company's financial statements.
The purpose of this report is to express the auditor's professional judgment on whether the financial statements are presented fairly in accordance with the applicable financial reporting framework, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
The auditor's opinion provides users of the financial statements, such as investors, lenders, and other stakeholders, with assurance that the financial information presented in the statements is reliable and accurate. It helps users make informed decisions about the company's financial health and performance. The auditor's opinion can be classified into different types based on the auditor's assessment of the financial statements.
To know more about company visit:
https://brainly.com/question/30532251
#SPJ11
Related Questions
What is generally TRUE about earning an income?
A. Personal income is not related to the changes in the existing national economy.
B. If a particular career experiences a shortage of workers, companies will offer workers lower salaries.
C. Someone with greater skills in a particular area will often command a bigger income than those with less experience.
D. A person’s level of education will usually not impact their possible earnings in their career.
Answers
Answer:
C. Someone with greater skills in a particular area will often command a bigger income than those with less experience.
Explanation:
Please help. I’m struggling. 20 points !!!!
To propose the idea of creating a partnership with another business, you will need to prepare
a formal business letter to send to the owner of Great BBQ, Hank White. This proposal should
introduce the following ideas:
Forming a partnership would allow both restaurants to sell the other's product and
merchandise.
The partnership would expand both of our businesses and customer base.
.
A more detailed meeting and presentation will follow if Great BBQ is interested.
Prepare a business letter to send to Great BBQ. (8 points)
Answers
Answer:
The letter could be somewhat like this:
Dear Hank White, CEO of Great BBQ
I am John Smith, I am the CEO of a meat distributor. I specialize in prime cuts like New York Ribeye, Tenderloin, and Wagyu Beef with the best Japanese Technique.
I am sure that as business partners, we both could do better than we do right now. I have the best raw material for your restaurant business, and you have the BBQ expertise and knowledge.
I would appreciate if you considered this letter, you can call me any time if you want to discuss further, or write me an email-.
Sincerely
John Smith
Tina shopped for office stationery online. She browsed a few music playlists of another website in a separate browser. She had a high-speed Internet connection. So, she could complete the stationery purchase quickly. At the checkout page, she entered her credit card details. She also entered the delivery address. She then checked her mail for any new emails. Which data from the online shopping portal will typically be stored in a data warehouse?
Answers
The Behavior data from the online shopping portal will typically be stored in a data warehouse.
What is Go.gle Analytics?This is known to be a Website that is said to give or provide web analytics service and it is one that tracks and reports website traffic or behavior.
Note therefore, through the use of Go.ogle Analytics, The Behavior data from the online shopping portal will typically be stored in a data warehouse.
Learn more about Go.ogle Analytics from
https://brainly.com/question/8054748
#SPJ1
Answer:
1. Credit card details 2. Delivery address
Explanation:
During 2024 , its first year of operations, Pave Construction provides services on account of
$160,000
. By the end of 2024 , cash collections on these accounts total
$110,000
. Pave estimates that
25%
of the uncollected accounts will be uncollectible. In 2025 , the company writes off uncollectible accounts of
$10,000
. Required: 1. Determine bad debt expense for the year ended December 31, 2024. 2. Determine the financial statement effects of the write-offs in 2025. Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the write-offs in 2025. Note: Amounts to be deducted should be indicated by a minus sign.
Answers
A business may use an account to record debits and credits as proof of accounting transactions in a system of accounting. As a result, the accounts receivable account keeps track of both client billings and their decreases as a result of payments received from customers.
What do accounts serve as a means for?The primary goal of accounting is to detect, quantify, and transmit economic information by recording financial transactions in the books of accounts. Also, tax reporting organizations mandate that you maintain at least minimal books that monitor your income and expenses.
To know more about Accounts visit:
https://brainly.com/question/22917325
#SPJ1
What will budgeted net income equal if 21,000 units are produced and sold? (do not round intermediate calculations.)
Answers
The budgeted net income for 21,000 units is $55,500 (option C).
To calculate the budgeted net income for 21,000 units, we need to determine the variable cost per unit and use it to calculate the contribution margin. We'll then subtract the fixed costs to find the net income.
Variable cost per unit = Total variable costs / Number of units
Variable cost per unit = (Manufacturing costs + Selling and administrative costs) / 20,000 units
Variable cost per unit = ($70,000 + $40,000) / 20,000 units
Variable cost per unit = $110,000 / 20,000 units
Variable cost per unit = $5.50 per unit
Contribution margin per unit = Sales per unit - Variable cost per unit
Contribution margin per unit = $200,000 / 20,000 units - $5.50 per unit
Contribution margin per unit = $10 - $5.50
Contribution margin per unit = $4.50 per unit
Contribution margin for 21,000 units = Contribution margin per unit * 21,000 units
Contribution margin for 21,000 units = $4.50 per unit * 21,000 units
Contribution margin for 21,000 units = $94,500
Net income = Contribution margin - Fixed costs
Net income = $94,500 - ($22,000 + $17,000)
Net income = $94,500 - $39,000
Net income = $55,500
Therefore, the budgeted net income for 21,000 units is $55,500 (option C).
To know more about budgeted net income, refer here:
https://brainly.com/question/32614453
#SPJ4
Complete Question:
Units 20,000 Units
Sales $200, 000
Less variable costs:
Manufacturing costs: $70,000
Selling and administrative costs: $40,000
Contribution margin: $90,000
Less fixed costs:
Manufacturing costs: $22,000
Selling and administrative costs: $17,000
Net income: $51,000
What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.)
A. $94,500
B. $53,550
C. $55 500
D. $210,000
TRUE/FALSE. the most strategic csr initiatives are those that remove the social dimension
Answers
False. The most strategic corporate social responsibility (CSR) initiatives are not those that remove the social dimension. In fact, CSR initiatives are specifically designed to address social, environmental, and economic concerns and have a positive impact on society.
Strategic CSR initiatives aim to align a company's business goals with societal needs, creating shared value and promoting sustainable development.
Effective CSR initiatives often consider the social dimension by addressing issues such as poverty, inequality, education, healthcare, human rights, and environmental sustainability.
By actively engaging with and addressing these social challenges, companies can enhance their reputation, build trust with stakeholders, attract and retain talent, and contribute to long-term business success.
To know more about CSR initiatives:
https://brainly.com/question/28317630
#SPJ4
1. In a general sense, a business stakeholder is one who has made substantial financial investments in the business. 2. Ethics refers to how human beings should properly live their lives. 3. Values are the only guidance individuals need to act in ways that are positive or ethical. 4. The well-being promoted by ethical values is not a personal and selfish well-being. 5. In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent. 6. Identify a true statement about the field of business ethics. 7. The ________ asserts that ordinary ethical standards should be kept separate from, and not be used to judge, business decisions because business has its own standards of good and bad
Answers
The Separation Thesis is one business ethic that asserts that ordinary ethical standards should be kept separate from, because business has its own standards of good and bad.
What is Separation Thesis?This refers to the theory that states that ordinary ethical standards should be kept distinct from business standards because they both make use of different standards to judge good and bad.
We can note that ethics has to do with doing the right thing so as to maintain a healthy business relationship without subverting the right things to make a quick profit.
Read more about ethics here:
https://brainly.com/question/13969108
Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.
Answers
Answer:
economic rent of $65,000
Explanation:
Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum
Economic rent = $150,000 - $85,000 = $65,000
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Without the regulation, economic profit would be driven to zero.
How is international trade different from global trade?
Answers
international trade means a trade that done out side the country you living in even if you export things to your neighbor country it called international trade. for example usa to Mexico
but we use global trade to thing that done out side the continent for example Asia to Europe
Playbill magazine reported that the mean annual household income of its readers is $119,155 (Playbill, January 2006). Assume this estimate of the mean annual household income is based on a sample of 80 households and, based on past studies, the population standard deviation is known to be $30,000. [15 pts] a. Develop a 90% confidence interval estimate of the population mean. [5 pts] b. Develop a 95\% confidence interval estimate of the population mean. [5 pts] c. Develop a 99\% confidence interval estimate of the population mean.
Answers
Estimate population means annual household income using sample data, using confidence intervals at 90%, 95%, and 99%.
a. For a 90% confidence interval, we can use the formula:
Confidence interval = sample mean ± (critical value * standard error)
The critical value for a 90% confidence level is obtained from the t-distribution with degrees of freedom (n - 1).
With a sample size of 80, the degrees of freedom are 79. The standard error is the population standard deviation divided by the square root of the sample size.
b. Similarly, for a 95% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
c. For a 99% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
By plugging in the values and calculating the confidence intervals using the formulas mentioned above, we can obtain the range of the population mean at each confidence level.
In summary, confidence intervals are constructed to estimate the population's mean annual household income.
The intervals at 90%, 95%, and 99% confidence levels provide ranges within which the true population mean is likely to lie, based on the given sample data and known population standard deviation.
learn more about income here
https://brainly.com/question/14732695
#SPJ11
evan and rosa have two young children. evan has a full-time job as a truck driver, and rosa is currently applying for jobs. what insurance may be best for them right now?\
Answers
The greatest options for Evan and Rosa might be life insurance and unemployment insurance.
Most individuals have insurance of some type, whether it is for their life, their home, or their car. However, the majority of us rarely pause to consider what insurance is or how it functions.
In a nutshell, insurance is a contract, symbolized by a policy, under which a policyholder receives financial security or compensation from an insurance firm against losses. In order to make payments to the insured more manageable, the company pools the risks of its clients. Insurance policies are intended to protect against the possibility of monetary losses, large and little, that may be brought on by harm to the insured or their property or by liability for harm or injury given to a third party.
To learn more about Insurance here
https://brainly.com/question/20369999
#SPJ4
there is no right or wrong answer
Answers
Where should a worker go for equipment to help put out a small fire?
Where could a supervisor get a bandage for a worker with a cut hand?
Where should a supervisor go to call for an ambulance after a worker breaks a leg?
Answers
Answer:
a. the front east wall
b. the floor manager’s office
c. the employee cafeteria
Explanation:
(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.
Who is Supervisor?
(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.
(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.
While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.
Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.
we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.
Find more information about Supervisor here:
https://brainly.com/question/26143012
A small consulting firm has an overhead rate of 200% of direct labor charged to each job. The materi- als cost (including travel and other direct costs) for a particular job is $10,000, and the direct labor is $20,000. What is the total job cost for this job? 4-19 Nieto Machine Shop budgeted 4,000 labor hours and 8,000 machine hours used in May. Total bud- geted overhead for May is $80,000. What is the overhead rate using labor hours and also using machine hours? Which would you pick and why?
Answers
1. Total job cost for the specific job:
- Direct labor cost: $20,000
- Overhead rate: 200% of direct labor cost
Overhead cost = 200% * $20,000 = $40,000
- Materials cost: $10,000
- Total job cost = Direct labor cost + Overhead cost + Materials cost
= $20,000 + $40,000 + $10,000
= $70,000
2. Overhead rate using labor hours and machine hours:
- Budgeted labor hours: 4,000
- Budgeted machine hours: 8,000
- Total budgeted overhead: $80,000
Overhead rate using labor hours:
Overhead rate = Total budgeted overhead / Budgeted labor hours
= $80,000 / 4,000
= $20 per labor hour
Overhead rate using machine hours:
Overhead rate = Total budgeted overhead / Budgeted machine hours
= $80,000 / 8,000
= $10 per machine hour
3. Choice of overhead rate:
The choice of overhead rate depends on the nature of the business and the cost drivers that best reflect the allocation of overhead costs. In this case, if labor hours are considered to be a more accurate representation of the consumption of overhead resources, then using the overhead rate based on labor hours ($20 per labor hour) would be more appropriate.
The selection of the overhead rate based on labor hours can help ensure that overhead costs are allocated more accurately, reflecting the actual labor-intensive nature of the business. However, the decision ultimately depends on the specific circumstances and cost structure of the organization.
The total job cost for the specific job with a materials cost of $10,000 and direct labor cost of $20,000 is $70,000. The overhead rate using labor hours is $20 per labor hour, while the overhead rate using machine hours is $10 per machine hour. The choice of overhead rate should be based on the cost drivers that best represent the allocation of overhead costs in the organization.
To know more about job cost, visit
https://brainly.com/question/14728949
#SPJ11
If a security's realized return is negative, it must have been true that the expected return was greater than the required return.true or false
Answers
The needed rate of return for a security will be lower than its expected rate of return at equilibrium. It must be true that the expected return was higher than the needed return if a security's realized return is negative.
The period of the security is shortened in direct proportion to the interest rate. the bond's cash flows' weighted average time to maturity. A assessment of a bond's interest rate risk called duration takes into account the maturity, yield, coupon, and call features of the bond. The sum of all these variables is used to determine how sensitive the value of a bond might be to changes in interest rates. The rate of return is determined by adding the dividend rate of return and the price change rate of return.
Learn more about return here:
https://brainly.com/question/29569139
#SPJ4
The US Navy is building an aircraft carrier. Price: $12 billion. There are about 300 million people in the US. Suppose half the population has a marginal benefit of this aircraft carrier equal to S100 each. The other half has a marginal benefit of the aircraft carrier equal to -$30 each. (That is, they'd be willing to pay up to $30 to NOT build the carrier.) Should the aircraft carrier be built?
Answers
To determine whether the aircraft carrier should be built, we need to compare the total marginal benefit (MB) with the cost.
Let's calculate the total marginal benefit first. Half of the population (150 million people) has a marginal benefit of $100 each, so their total marginal benefit is (150 million * $100) = $15 billion. The other half of the population (150 million people) has a marginal benefit of -$30 each, but since marginal benefit represents the willingness to pay, we'll consider it as zero for simplicity.
The total marginal benefit is $15 billion, which is greater than the cost of $12 billion to build the aircraft carrier. Therefore, based on this analysis, the aircraft carrier should be built. The total benefit exceeds the cost, indicating a positive net benefit for society.
Know more about marginal benefit here:
https://brainly.com/question/28332599
#SPJ11
PLEASE
what is lean production? in details (GCSE) keywords.
Answers
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Suppose the market portfolio has an expected return of 10 % and a volatility of 20%, while Microsoft's stock has a volatility of 30%. a. Given its higher volatility, should we expect Microsoft to have an equity cost of capital that is higher than 10 %1? b. What would have to be true for Microsoft's equity cost of capital to be equal to 10 %10%? a. Given its higher volatility, should we expect Microsoft to have an equity cost of capital that is higher than 10%
Answers
a. Given its higher volatility, we should we expect Microsoft to have an equity cost of capital that is higher than 10%.
b. For Microsoft's equity cost of capital to be equal to 10%, its expected return would be same as market portfolio expected return.
a. We should expect Microsoft to have an equity cost of capital that is higher than 10%. This is because Microsoft's stock has a higher volatility than the market portfolio, indicating that it carries a higher level of risk. Investors would demand a higher return for taking on this additional risk, which would result in a higher equity cost of capital for Microsoft.
b. For Microsoft's equity cost of capital to be equal to 10%, its expected return would have to be the same as the market portfolio's expected return of 10%. This would require Microsoft to generate returns that are similar to the market's returns without any additional risk. Alternatively, Microsoft could lower its volatility to match the market portfolio's volatility, which would also result in an equity cost of capital of 10%.
Learn more about Cost of capital:
https://brainly.com/question/27159534
#SPJ11
who is elon musk......
Answers
Answer:
Elon Musk FRS an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world.
which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answers
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
Shareholders preference for dividend versus capital gains can potentially influence a firm's payout policy. i. Explain what is meant by the term dividend policy and discuss the two main issues that can affect such policy. ii. Discuss the key reasons why some investors prefer dividend. iii. Discuss the key reasons why some investors prefer capital gains
Answers
i. Dividend policy refers to the decisions made by a company regarding the amount and timing of dividend payments to its shareholders.
It is a crucial aspect of a firm's payout policy and involves determining whether profits should be distributed to shareholders in the form of dividends or retained within the company for reinvestment. Two main issues that can affect dividend policy are:
1. Stability: Companies need to decide whether to maintain a stable dividend policy, where dividend payments remain relatively constant over time, or adopt a variable policy, adjusting dividends based on earnings and cash flow fluctuations.
ii. Some investors prefer dividends for the following key reasons:
1. Income: Dividends provide a regular income stream for investors, especially those who rely on investment income to cover their living expenses.
iii. Some investors prefer capital gains for the following key reasons:
1. Growth potential: Investors seeking capital gains prioritize the potential for the stock price to increase over time. They believe that by investing in companies with growth prospects, they can achieve higher returns through price appreciation when they eventually sell their shares.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
a fixed-price contract is useful and appropriate when
Answers
A lawyer cannot represent both the plaintiff and the defendant because of
they may have:
a Conflict of Interest Issue
an Ethical Issue
an Ethical Dilemma
an Integrity Issue
Answers
Answer:
a Conflict of Interest Issue
Explanation:
In many countries, including the USA, the legal system is built on an adversarial process. Each of the conflicting parties is allowed the chance to argue their case as persuasively as possible. It means each side independent representation to defend their rights.
In the adversarial process, a lawyer must be loyal to their client to represent them effectively. It is practically impossible to be loyal to two clients on opposite sides of a court proceeding. Conflicts of interest will arise as the same lawyer cannot argue for and against the issue in the same court.
Although marketing strategy requires a good marketing mix, on which element of the mix is the Microsoft case focused?
Answers
Based on marketing strategy analysis, the excellent marketing mix that the Microsoft case focused on is Price.
This is because it has been observed that Microsoft generally sets the price of their products based on the cost of their competitors and the demand of the consumer.
This was evident when Microsoft set the price of their Windows OS at a premium rate due to its increased demands.
The other elements of marketing mix aside from Price include the following:
ProductPlacePromotionHence, in this case, it is concluded that the correct answer is "Price."
Learn more about marketing mix elements here: https://brainly.com/question/12080147
what level are inputs for estimating fair values are based on inputs that are readily available via prices for identical assets or liabilities in actively traded markets such as securities exchanges?
Answers
The level you are referring to is Level 1 inputs. In the context of estimating fair values, the Financial Accounting Standards Board (FASB) developed a fair value hierarchy known as the three-level hierarchy.
This hierarchy categorizes inputs used in valuation techniques into three levels based on their reliability and availability.
Level 1 inputs are considered the most reliable and are based on quoted prices for identical assets or liabilities in active markets. These inputs are readily observable and can be directly obtained from reliable sources, such as securities exchanges. Level 1 inputs provide the highest degree of transparency and objectivity in fair value measurements.
Examples of Level 1 inputs include publicly traded stocks, bonds, and other financial instruments that have readily available market prices. The prices of these assets or liabilities can be easily obtained from exchanges or other reliable pricing sources.
It's important to note that Level 1 inputs are considered the most reliable because they are based on actual market transactions and reflect current market prices.
Learn more about objectivity here:
https://brainly.com/question/31838853
#SPJ11
Create a bulleted list of four possible skills a person could have. These may be your own skills.
(Career explorations)
Answers
These are four possible skills a person could have for Career explorations:
You have Skilled.You have Valued. You are Experienced.You are Educated in that field.What's Skill? A skill is the learned capability to act with determined results with good prosecution frequently within a given quantum of time, energy, or both. Chops can frequently be divided into sphere-general and sphere-specific chops. For illustration, in the sphere of work, some general chops would include time operation, cooperation and leadership, tone- provocation, and others, whereas sphere-specific chops would be used only for a certain job. Skill generally requires certain environmental stimulants and situations to assess the position of skill being shown and used. Why is a skill important? Having a good skill set also helps you grow as an existent. You make a network, learn time operation and gain interpersonal chops.These chops only come with experience and no academy or schoolteacher can educate them.Learn more about skills here:
https://brainly.com/question/22072038
#SPJ9
What is your favorite starbucks drink? Tell me what size, how many pumps of syrup you get, how many scoops of inclusions you get. (If you dont get anything added to your drink then just tell me the size you get and the drink name.) Tell me all the details. ❤
Answers
For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization
Answers
Answer:
a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers
Explanation:
what is a sole trader?
Answers
Answer: A person who owns and runs a business, which is normally a small business (eg. Shop Owner).
The sole trader has unlimited liability, meaning that his assets will be used in case of default to pay.
The resources in the input market come from
A. government regulation of the economy
B. business firms lobbying to lower corporate tax rates
C. the remaining, unused portions of consumer goods
D. land, labor, and capital of households
E. the discovery of profitable, non-rival goods
Answers
Answer:
D
Explanation:
For the input market, the resources come from land, labor, and capital of households. Hence, Option D is correct.
What is the input market?There are two types of market, one is input and the second is output. The input market is known as the factor market and the output market is known as the product market. It is the input market, which is used in the production of the products and goods.
The output market is the place where goods and services are exchanged. In the factor market or the input market, all the resources like labor, capital, and land are used by the businesses to purchase, rent, or hire what they need in order to produce goods or services.
With the increase in the input prices, the supply curve from the right shifts to the left which is of the final good market and it results in the price of the final good increases.
Thus, Option D is correct.
Learn more about the input market from here:
https://brainly.com/question/14741584
#SPJ2