Assuming appropriate disclosure is made, the fee arrangement that is generally permitted under the ethical standards of the profession is a.) A fee paid to the client's audit firm for recommending investment advisory services to the client, while the others are restricted.
The American Institute of Certified Public Accountants (AICPA) has established ethical standards for the accounting profession. This standard applies to all certified public accountants (CPAs) in the United States. The AICPA's Code of Professional Conduct contains four key principles that are generally applicable to all public accountants: objectivity, integrity, confidentiality, and professional conduct.
A fee paid to the client's audit firm for recommending investment advisory services to the client is generally allowed under the ethical standards of the profession. The reason why a fee paid to the client's audit firm for recommending investment advisory services to the client is acceptable is because it does not create a conflict of interest. Additionally, the investment advisory services are related to the audit firm's core services and are therefore complementary to them.
In conclusion, the ethical standards of the profession permit a fee paid to the client's audit firm for recommending investment advisory services to the client, assuming appropriate disclosure is made. The correct option is A) A fee paid to the client's audit firm for recommending investment advisory services to the client.
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Which of the following is not a factor of production:
a. Dairy cattle
b. Coal miners
c. Customers
d. Trucks
Answer: C.
Explanation:
c. Customers are not a factor of production.
The factors of production are the resources that are used in the production of goods and services. The four main factors of production are land, labor, capital, and entrepreneurship.
a. Dairy cattle are a type of land resource used in agriculture and food production.
b. Coal miners are labor resources used in the extraction and production of coal.
d. Trucks are capital resources used in transportation and logistics.
Customers are not considered a factor of production because they are not resources used in the production process. Customers are the end-users or consumers of goods and services produced by the factors of production.
to obtain an understanding of a nonissuer's internal control structure during a gaas financial audit, an auditor is not required to
Look for significant problems with the internal control system's performance.
What procedures are followed to understand internal control?
Audit procedures are the steps and methods auditors use to compile sufficient relevant audit evidence to properly assess the effectiveness of an organization's internal controls.
What standards must an auditor adhere to while submitting a report on internal controls?
The auditor should be able to express an opinion on the efficacy of internal control over financial reporting by examining data from all sources, including the auditor's testing of controls, mistakes discovered during the financial statement audit, and any acknowledged control defects.
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Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
Which of the following is a benefit associated with regional economic integration?
A. Trade creation
B. Trade diversion
C. Loss of jobs
D. Loss of sovereignty
Answer:
its b
Explanation:
Answer: The answer is Trade creation
Explanation: I took the test
what is meant by business
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
A healthcare organization’s insurance coverage is:
the amount that the insurance company will pay for costs associated with risks
the amount that the healthcare organization pays to the insurance company
the amount that the healthcare organization pays for costs associated with risks
the amount that the healthcare organization will pay for a legal case
Answer:
A
Explanation:
the answer to this question is a
Answer:
A
Explanation:
- the amount that the insurance company will pay for costs associated with risks
correct on Edge
Q: Data privacy may not be applicable in which of the following
scenarios?
a. An app targered at children for
entertainment b. A platform developed purely for knowledge exchange with no
motive of fi
Given that no personal information is being gathered or shared on scenario 4's website, where knowledge is shown and anonymous access is allowed, data privacy laws might not apply.
Data privacy regulations are created to guard against unlawful access, use, or disclosure of personal data. These regulations can differ from one nation to another, but they typically call for businesses to put specific safeguards and procedures in place to secure the personal data they gather, use, or store.
The gathering and use of children's personal information may be governed by particular rules under scenario 1, which involves an app geared toward entertaining kids. Organizations must make sure they abide by these rules in addition to the basic data privacy laws because they may be stricter than those for adult users.
In case 2, a platform created solely for the exchange of knowledge without any consideration for financial data may not collect any personal information from users and hence may not be governed by data privacy rules. However, other rules and laws, including those governing intellectual property or online expression, may still apply to the platform.
In case three, a platform may be governed by the data privacy rules of the nation where the data subjects are located even when it is targeted at individuals from a nation with strict data privacy regulations. The platform will therefore need to make sure that they abide by such laws.
In case four, there might be no need to gather personal data from users because the website displays knowledge and permits anonymous access. As a result, the website could not be covered by laws governing data privacy. To ascertain the precise needs of your website or platform, it's crucial to speak with legal authorities.
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Correct question:
Data privacy may not be applicable in which of the following scenarios
1. an app targeted children for entertainment
2. a platform developed purely for knowledge exchange with no motive of financial info
3.a platform hosted in a country with no dp laws but targeted at the dat subject from a country with stringent law
4. a website demonstrate knowledge and allow anonymus access
What is one drawback of declaring bankruptcy?
A. It can be used only if a person has good credit.
B. It severely lowers a person's credit rating.
C. It often results in a civil lawsuit.
D. It prevents a person from getting further education.
Answer:
B. It severely lowers a persons credit rating.
Explanation:
Immediately a person files for bankruptcy, their credit history changes to bankrupt status instantly. The bankruptcy status may stay up to 10 years. It becomes very challenging for such individuals to get credit facilities. Any lender seeking to get their credit history to advance them a loan will get a bankrupt status as the feedback.
Bankruptcy means that the person does not have sufficient assets to cover their debt obligations. All their credit cards get canceled. The bankruptcy status creates a long term negative effect on credit history.
One drawback of declaring bankruptcy it severely lowers a person's credit rating. Thus, option B is appropriate.
Bankruptcy gives those who are unwilling to pay their obligations the chance to start over by selling assets to pay off debts or by developing a repayment plan. Bankruptcy laws also provide protection for financially troubled businesses. In this part, the laws and the bankruptcy procedure are described.
Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Typically, bankruptcy is imposed by an administrative order that the debtor regularly requests.
Thus, option B is correct.
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At movie theaters, lower prices are charged for matinees than for evening shows of the same film. The customers attending the matinees have:
The customers attending the matinees typically have more flexible schedules and may have more free time during the day. This is because matinee showings are usually scheduled earlier in the day.
A matinee is a term used to refer to a daytime showing of a movie, play, or other theatrical or musical performance. Typically, matinees are scheduled in the afternoon, before the evening performance. Overall, matinees provide a convenient option for people to enjoy entertainment during the day, and are often a great choice for families or those looking for a more affordable option to enjoy a show or event.
Matinees are popular among those who prefer to see shows during the day or who may not be able to attend an evening performance due to other commitments. Matinee tickets may also be priced lower than evening tickets, making them more affordable for families or those on a budget. In addition to movies and live performances, matinees may also refer to daytime showings of other events such as sporting events or museum exhibits.
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During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?
Answer:
Std rate per hour: 11.00
Std hours = 1000*2 =2000
Actual hours = 1850
Actual rate = 11.80
Labor cost variance = Std cost - Actual cost
Labor cost variance = (2000*11) - (1850*11.80)
Labor cost variance = 170 Unfavorable
Labor rate variance = Actual hrs (Std rate - Actual rate)
Labor rate variance = 1850 *(11-11.80)
Labor rate variance = 1480 Unfavorable
Labor qty variance = Std rate (Std hrs-Actual hrs)
Labor qty variance = 11 (2000-1850)
Labor qty variance = 1650 Favorable.
sid's store will pay an annual dividend of $2.15 next year. the company just announced that future dividends will be increasing by 1.5 percent annually. how much are you willing to pay for one share of this stock if your required return is 14 percent?
We would be willing to pay $17.20 for one share of Sid's store stock, considering your required return of 14% and the given dividend growth rate of 1.5%.
To determine how much you are willing to pay for one share of Sid's store stock, given an annual dividend of $2.15, a dividend growth rate of 1.5%, and a required return of 14%, we will use the Dividend Discount Model (DDM).
The DDM formula is:
P = D1 / (r - g)
Where:
P = the present value of the stock (the amount you're willing to pay)
D1 = the expected dividend in the next year ($2.15)
r = the required return (14% or 0.14)
g = the annual dividend growth rate (1.5% or 0.015)
Step 1: Calculate D1, which is already given as $2.15.
Step 2: Subtract the dividend growth rate (g) from the required return (r):
0.14 - 0.015 = 0.125
Step 3: Divide the expected dividend (D1) by the result obtained in Step 2:
$2.15 / 0.125 = $17.20
So, you would be willing to pay $17.20 for one share of Sid's store stock.
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when using the specific identification inventory method, cost of goods sold equals the ______.
With the specific identification inventory method, the Cost of Goods Sold equals the exact costs of the items sold.
The specific identification inventory method tracks each sold item to record its cost. The Cost of Goods Sold includes only the actual cost of the items sold and not an average or assumed cost.
The specific identification inventory method is not like the:
FIFO (First-in, First-out) method that assumes that items sold are from the first inventories in the storeLIFO (Last-in, First-out) method that assumes that items sold are from the last inventories in the storeWeighted-average method that takes the average cost for all the items in store to determine the cost of goods sold.
Thus, the specific identification method ensures that the Cost of Goods Sold equals the actual cost of the goods.
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There should be no minimum wage in America. Workers should negotiate their pay! Do you agree with this statement? Why or why not?
Answer:
Minimum wage is important because it dictates the lowest hourly wage that a worker much be given. If it was removed, corporations may be able to give workers lower than what minimum wage would have been. Corporations also may outright refuse to pay the workers what they want leaving them jobless.
Hope that helps
Submit your slideshow.Using the information gathered in your interview, create a chart. Be sure to organize the information logically. The chart or table should display the job title, technology used, and its function.
Answer:
U.S Navy.
Explanation:
The U.S Navy are our sea defenders. They use advance systems in their F/A-18 Super Hornets. These include FBW ( Fly By Wire) and HOTAS ( Hands on Throttle and Stick). They also have the E/A-18 Growler. This replaced the E/A-6 Prowler. The E/A-6 is the electronic warfare version of the A-6 Intruder (now retired). You also have the E-2C Hawkeye. The Grey Hound the the transport version. These are used today. But you have the ships. The new USS John F. Kennedy (CVN 79), it went active of December 2019. These are some of the biggest carries. The old Enterprise was the largest in the world. We last used battle ships in 1991 during Operation Desert Storm. They all have been removed from service after 1991. But we have the best cruiser you can buy. The USS Zumwalt! Lets face, you see it, and you are an enemy, don`t bother shooting guided missiles at it, it has chaf, and rockets to intercept these. Just kiss your but good bye cause you are dead. The Ticonderoga class of guided-missile cruisers are armed with well, guided missiles that can hit targets deep inland. These are more effective than the 21 mile range of the battle ships. The functions for all of the U.S Navy`s equipment, is to destroy the enemy while keeping the sailors, and the crew on the ships, not to mention the pilots safe while serving our nation. This is just a few of their technology since some is classified and it would take hours or maybe days to read.
A card issued by a bank that allows users to finance
a purchase.
Credit card
Debit card
Answer: Credit Card
Explanation:
Debit cards allow you to spend money by drawing on funds you’ve deposited at the bank.
Credit cards allow you to borrow money from the card issuer up to a certain limit in order to buy items or withdraw cash.
I hope this helps!
10) Most organizations find it beneficial to use a standard set of steps, called ________, to develop and support their information systems.A) Systems development methodologyB) Supply chain management systemsC) Analytical processing systemsD) Customer relationship management systems
Most organizations find it beneficial to use a standard set of steps, called Systems development methodology, to develop and support their information systems.
Organizations use a standard set of steps, such as systems development methodology, to ensure a consistent and effective approach to developing and supporting their information systems. This methodology typically includes stages such as planning, analysis, design, implementation, and maintenance.
A systems development methodology is a standard set of steps or processes that organizations follow to develop, implement, and support their information systems. This methodology ensures a consistent approach to the creation and management of these systems, ultimately enhancing their effectiveness and reliability.
Therefore, the correct answer is a. system development methodology.
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Crush blush’s cosmetics products are sold to consumers and stylists in beautiful you’s beauty supply store. Crush blush relies heavily on beautiful you to help sell its goods to customers. Beautiful you is a ________ of crush blush products.
Beautiful you is a distributor of crush blush products.
Who is a distributor?A distributor is an agent who assist in supplying goods to final consumers. They are middlemen between the producer of a product and another entity in the distribution channel.
The role of distributors in the chain of production is very important because they help make goods available to buyers who need them.
Hence, beautiful you is a distributor of crush blush products with respect to the above information.
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If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
Yens do you need to buy 200 Dollars for? show working please
Answer:
2,400 Yens
Explanation:
exchange rate for buying Japanese Yen is 12 Yens per Dollar
1 dollar : 12 Yens
how many Yens do you need to buy 200 Dollars for?
Let
x = number of Yens needed
200 dollars : x Yens
Equate the ratios to find x
1 dollar : 12 Yens = 200 dollars : x Yens
1/12 = 200/x
Cross product
1 * x = 12 * 200
x = 2,400
x = number of Yens needed = 2,400 Yens
Answer:
2400 yen
Explanation:
smort
which of the following would shift the labor supply curve? demand increases for the output produced by workers. the government increases its provision of childcare services. technological advancement increases worker productivity. there is more effective management at companies.
The shift in the labor supply curve comes when D. The government increases its provision of childcare services.
What is a labor supply curve?The labor supply curve illustrates the number of hours that workers would be willing to put in at various pay rates. In general, employees will be willing to work greater hours the better their pay is. The labor supply curve moves to the right as the labor supply grows. It will move to the left if it declines.
There are various factors that cause the labor supply curve to shift left or right:
Preferences & incomePopulationPrices of goods and servicesExpectationsTo learn more about labor supply curve visit:
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when must interest and principal payments on a Stafford Student Loan begin
Answer:
The interpretation of the issue is listed throughout the clarification section below.
Explanation:
As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.
What Came first, the color orange or the fruit?
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
Customer relationship management is the use of information about customers to create marketing strategies that develop and sustain desirable customer relationships. true or false
Answer:
the answer for this question is true
Grainger Distribution Company sold Long Electronics ten circuit breakers for $179.00 each. Long Electronics will be allowed thirty days to pay the bill. Grainger will carry the $1790.00 on its books as a(n):
In its accounting statement, Grainger will carry the $1,790.00 on its books as an accounts receivable.
What is an accounts receivable?This refers to the payment that the company will receive from its customers who have purchased its product.on credit.
Therefore, the amount of $1,790.00 on its books will be recorded as an accounts receivable.
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Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
At a price of $27. 50 to play 18 holes on local golf courses, 1,200 consumers pay to play a game of golf each day. A rise in the price to $32. 50 causes the number of consumers to decline to 800. What is the price of elasticity of demand? Is demand elastic, unit-elastic, or inelastic?
the price of elasticity of demand is -2.4
What is the calculation ?The following formula is used to determine the price elasticity of demand:
Ep=Q2−Q1P2−P1×P1+P2Q1+Q2
We can summarize the information in the question as follows:
P Q \s$27.50 1200 \s$32.50 800
For local goal courses, the price elasticity of demand is therefore equal to: Ep=8001200/32.5027.5027.50+32.50/1200+800.
Ep=−80×60/2000 \sEp=−2.4
The cost of a good tells us how sensitively the quantity needed responds to that cost. When prices rise, almost all products see a fall in demand; however, certain products see a bigger decline in demand than others. A 1% price rise, while holding all other variables equal, will result in a given percentage change in the quantity needed.
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Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
How is the poverty rate to income distribution?
Answer:n the U.S., poverty has averaged around 26.92 percent of the population with an income less than 50 percent of the country's median income, after taxes and benefits are added (how the OECD defines “relative income poverty”). ... So the higher the score, the more income equality there is.
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On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income?
Answer:
Net Income = $1125
Explanation:
The net income is the difference between the revenue and the total costs incurred to earn that revenue. It can be calculated as follows,
Net Income = Revenue - Total costs
The revenue in the given question can be calculated by multiplying the selling price per arrangement by the number of arrangements sold.
Revenue = 55 * 25
Revenue = $1375
The total cost for materials needed for 25 arrangements is provided and there are no other costs.
Net Income = 1375 - 250
Net Income = $1125
which of the following is one of the factors that must be present if budgets are to be effective? A.The company must have a sound organizational structure.
B.The budget committee must prepare the budget.
C.Participative budgeting must be used.
D.The budget should be prepared for long time periods.
A. The company must have a sound organizational structure is one of the factors that must be present if budgets are to be effective.
Having a sound organizational structure is important for effective budgeting because it provides a clear framework for decision-making and ensures that the budget aligns with the company's overall goals and objectives. Without a sound organizational structure, it may be difficult to coordinate and implement the budget effectively, leading to inefficiencies and poor performance.
The other options listed in the question may also be important for effective budgeting, but they are not essential factors that must be present in all cases. For example, participative budgeting can be a useful approach to involve employees in the budgeting process and improve buy-in and accountability, but it may not be appropriate or feasible in all situations. Similarly, the length of the budget period may depend on the nature of the business and the level of uncertainty in the external environment.
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If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will?
If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will be less than $6.50
If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48.
The marginal cost is the variation in total cost brought on by an increase in output, or the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount.
The total cost is expressed in dollars, whereas the marginal cost is expressed in dollars per unit. The marginal cost is the slope of the total cost, or the rate at which it increases with production.
Marginal cost is the distinction between average cost, which is the total cost divided by the number of units produced.
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