The auditor concluding the account balance is not materially misstated, but it, in face, materially misstated is an example of non sampling risk. The correct option is c.
The risk that results from elements other than sampling in an audit engagement is referred to as nonsampling risk. The possibility exists that the auditor will use appropriate audit procedures but still come to the wrong conclusion or miss a significant inaccuracy in the financial statements.
The risk of the auditor drawing the wrong conclusion through non sampling can occur in two ways either by failing to find a material misstatement (Type II error) or by concluding that a material misstatement exists when it does not (Type I error). Option C involves the auditor coming to the incorrect conclusion that the account balance is not materially off when it is. This is an illustration of Type II error, a non sampling risk.
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Linda really enjoys math and thinks that she would enjoy a job that involves analyzing data which job would be a good fit for her?
Answer:
Maybe a digital marketing manager or a data analyst as suggested in the phrase 'analysing data'
Explanation:
The largest liability on U.S. commercial banks' combined balance sheet as of June 30. 2015 was? A. investment securities. B. non-transaction accounts. C. transaction accounts. D. borrowings. E. cash.
The largest liability on United States commercial banks' combined balance sheet as of June 30, 2015 was non-transaction accounts. (B)
Liabilities are the financial obligations or debts a company owes. In the United States, commercial banks are required to report their financial statements, including their liabilities, to the Federal Reserve. As of June 30, 2015, the largest liability on U.S. commercial banks' combined balance sheet was non-transaction accounts, which includes savings accounts, time deposits, checking accounts, and money market accounts. These accounts make up a significant portion of a bank's liabilities because they are a source of funding for the bank's lending activities.
In contrast, transaction accounts, such as checking accounts, are a smaller portion of a bank's liabilities because they are used primarily for everyday transactions and typically have lower balances. Investment securities, borrowings, and cash are also liabilities for commercial banks, but they make up a smaller portion of their overall liabilities compared to non-transaction accounts.
Thus, the correct answer is option B. non-transaction accounts.
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Which one of the following statements accurately describes FICO?
A.FICO is firm that analyzes data collected by credit bureaus and generates a credit score.
B.FICO is a credit bureau.
C.FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
D. FICO uses your grades and employment information to determine your creditworthiness
Answer:
c. FICO collects information about your financial dealings involving any sort of loan debt or billing.
FICO collects information about your financial dealings involving any sort of loan, debt, or billing. Thus, the correct answer is option C.
What is FICO?FICO, formerly Fair, Isaac and Company, is a data analytics business with a focus on credit scoring services that is situated in Bozeman, Montana. Its formal name is Fair Isaac Corporation. In 1956, Bill Fair and Earl Isaac started it. A standard of consumer lending in the US is the FICO score, which measures the risk of consumer credit.
A business can store a complete copy of its financial transaction data because of FICO. FICO is specifically designed to assist businesses in producing and managing financial statements for analysis and reporting as well as supporting efficient business planning and decision-making.
Therefore, FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
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Which of the following is considered to be a financial statement?
A. Trial balance
B. Balance sheet
C. Adjusted trial balance
D. Journal and ledger entries
What does accounting help you achieve in an organization?
Answer:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Explanation:
highlight characteristics of itinerant traders
Which of the following is a normative statement? Select one: a. The elimination of trade restrictions would increase an economy's standard of living. b. Gasoline prices ought to be lower than they are now. c. In response to the most recent recession, the federal government extended the duration of unemployment benefits. d. A decrease in the minimum wage would decrease unemployment. 16) Which of the following statements is true? Select one: a. Economists use one standard set of assumptions to answer all economic questions. b. Historical episodes are not valuable to economists. c. While the scientific method is applicable to studying natural sciences, it is not applicable to studying a nation' s cconomy. d. The scientific method can be applied to the study of economics.
Gasoline prices ought to be lower than they are now is a Normative statement. So, the correct option is B. The actual statement is d. The scientific method can be applied to the study of economics.
A normative statement expresses a value judgment or opinion about what should or should be. It involves subjective opinions and cannot be tested or proven true or false based solely on economic analysis. In this case, statement b. "Gasoline prices ought to be lower than they are now" is a normative statement. It reflects a subjective opinion about the ideal or desired level of gasoline prices. It is not a statement that can be objectively proven or disproven using economic analysis alone. The word implies a value judgment that lower gasoline prices would be preferable. However, different individuals or groups may have different opinions on the "correct" or "ideal" level of gasoline prices based on their perspectives and interests. Economics is a social science that seeks to understand how individuals, businesses, and societies choose and allocate resources. The scientific method, which involves systematic observation, formulation of hypotheses, data collection, analysis, and conclusion, applies to the study of economics. Economists use the scientific method to study economic phenomena, test theories, and make predictions about economic behavior. They gather data, develop models and ideas, and test them using empirical evidence. Through this process, economists seek explanations and insights into various economic phenomena, such as market behavior, consumer choices, production processes, and policy outcomes. While the economic analysis may involve complexities and uncertainties due to economic systems' dynamic and interdependent nature, the scientific method provides a framework for systematic and rigorous economic inquiry. It allows economists to generate knowledge, refine theories, and contribute to understanding economic behavior and its implications.
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For 2020, ross corporation had pretax ordinary income of $500,000 and sold for $154,000 an asset purchased previously for $130,000. calculate the tax liability for the company.
In 2020,
Ross corporation had pretax ordinary Income= $500,000
Sold for = $154,0000
purchased previously for = $130,000
Tax liability for the company is $110040
Total Income =
Calculation
$500000+($154,000-$130000)
=$524000
In 2020,Tax liability was 21%
221/100*$524,000
Tax liability =
$110,040
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The pros and cons of new product concepts are analyzed during the idea generation phase of new product development.
True
False
Modern products lines typically ensure that the quality of durable goods remains at stable levels, but because services depend on the people who provide them, quality may vary from person to person or day to day, in what is known as the ________ of services.
Answer:
inconsistency of services
Explanation:
Inconsistency of services is one of the characteristics of services. The Inconsistency of a service refers to the fact that a service cannot be perfectly standardized so that eachservice retains exactly the same quality even if provided by same service provider. A service provider may spend and invest heavily in training staff to control quality and reduce inconsistency in quality of services but never be able to perfectly get rid of it
(1 point
3. The ICorp company markets a successful line of computer equipment. Recently, they have
begun to make a new type of smart phone. The public isn't enthusiastic about the new product,
and during the first year, it does poorly on the market. To combat this, ICorp launches a new
marketing campaign, running television and radio ads, purchasing billboard space, and even
integrating their product into an episode of a highly viewed TV show. ICorp's reaction is an
example of an)
A)availability heuristic
B) representative heuristic
C) escalation of commitment
D) behavioral directive
Answer:
C
Explanation:
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Answer:
C Escalation of commitment
Explanation:
This is where "It's going to work, eventually" comes into play. Usually happens with those who think their way is the only way.
What is the primary market
In a primary market, the selling and buying of security directly take place without the involvement of an external person.
What is the significance of the Primary market?The primary market plays a significant role in maintaining resources in an economy, the primary market is a crucial source. Through the sale of debt- and equity-related securities, makes it possible for the government and other organizations to raise more assets.
When commodities are created on a primary basis for a capital market, they are created in the primary market. A private company's initial public offering (IPO) happens when it sells equity to the general public for the first time.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
In organizations, the buying function involves gathering and screening information about products and services, prices, and suppliers, which are known as
Answer:
Vendors
Explanation:
Vendor is a common word to describe a person or organization that is given the duty to procure, buy, or deliver products or commodities and services usually at wholesale rates based on agreements. An organization may however have its internal vendor.
In this case, the buying function in a firm including gathering and screening information about products and services, prices, and suppliers, are known as VENDORS
Are personal property taxes indirect or direct taxes?
A: indirect
B: direct
Who are office chief , sectional chief and assistant in school ?
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
contractionary fiscal policy is typically used to combat inflation stemming from an overheated economy.
Contractionary insurance policies are macroeconomic tools designed to fight financial distortions brought about through an overheating economy.
Contractionary policies purpose to limit the quotes of economic enlargement by way of putting some limits on the drift of cash in the economy.
What is contractionary fiscal coverage used for?The authorities can use contractionary fiscal policy to gradual economic pastime with the aid of reducing authorities spending, increasing tax revenue, or a aggregate of the two. Decreasing authorities spending tends to sluggish monetary recreation as the government purchases fewer goods and services from the non-public sector.
What does contractionary fiscal coverage do to inflation?Note that the purpose of contractionary economic coverage is to minimize the charge of demand for items and services, not to quit it. So, higher pastime costs thru contractionary policy can be used to dampen inflation and move the economic system returned to the price balance issue of the dual mandate.
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https://brainly.com/question/1416825#SPJ4What is the value of y in the equation below?
6(y - 1.5) = 30
Answer:
x=3
Explanation:
Answer:
y = 6.5
Explanation:
i did it on paper
Why do lenders often require a down payment when credit is used to purchase a good?
It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.
The payments are done through a down payment reduces the risk to the lender and therefore the lender requires down payments when credit is used to purchase a good. Thus (A) is the correct option.
What is a down payment?The amount of money that a purchaser pays on the purchasing of any expensive object. The down payment showcases a portion of the total purchasing amount.
It is made in the initial stage of purchasing. It reduces the risk of the lender and therefore, (A) is the correct option.
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if you wanted to know about a firm’s ability to pay off on its short-term debts, the types of financial ratios that would be useful in the analysis would be
If you wanted to know about a firm’s ability to pay off on its short-term debts, the types of financial ratios that would be useful in the analysis would be Current Ratio, Quick Ratio (Acid-Test Ratio), and Cash Ratio.
Current Ratio The current ratio is a liquidity ratio that compares a company's current assets to its current liabilities. This ratio calculates whether a company has enough short-term assets to cover its short-term liabilities. A current ratio of 1.0 or higher means that the firm has enough assets to cover its liabilities. Quick Ratio (Acid-Test Ratio)The quick ratio (or acid-test ratio) is a liquidity ratio that measures a company's ability to pay its short-term obligations with its most liquid assets. Inventories, prepaid expenditures, and accounts receivable are all excluded from the calculation of the quick ratio. Cash Ratio The cash ratio is a liquidity ratio that assesses a company's ability to pay its short-term obligations using only its most liquid assets. Marketable securities and cash and cash financial are included in the calculation of the cash ratio.
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every resource created in azure must exist in one and only one what
Every resource created in Azure must exist in one and only one resource group. Resource groups are logical containers that help manage and organize Azure resources within a subscription.
In the context of computing and technology, a resource refers to any component or entity that is used or consumed to perform a specific task or provide a service. Resources can include hardware components like servers, storage devices, and network equipment, as well as software components such as applications, databases, and virtual machines. Resources are essential for the functioning and operation of systems and services, and they are allocated, managed, and utilized to meet specific requirements and objectives within an organization's infrastructure or cloud environment. Efficient resource management is crucial for optimizing performance, scalability, and cost-effectiveness.
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DS Unlimited has the following transactions during August. August 6 Purchases 74 handheld game devices on account from GasoGir1, Incorporated, for $220 each, teras 3/10,n/60. August 7 Pays $820 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to Ganegir1 four gare devices that were defective. August 14 Pays the full abount doe to GaneGirl. August 235 sells 54 gawe devices purchased on August 6 for $240 each to custoners on account. The total cost of the 54 gane devices sold is $11,848.00. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field. Round your answers to 2 decimal places.) View transaction list Vlew journal entry workshee
DS Unlimited had several transactions in August, including purchases of handheld game devices, payment for freight charges, returns of defective devices, payment to the supplier, and sales to customers.
1. On August 6, DS Unlimited purchases 74 handheld game devices on account from GasoGir1 for $220 each. The cost of the purchases is recorded as an increase in inventory and accounts payable to GasoGir1.
2. On August 7, DS Unlimited pays $820 to Sure Shipping for freight charges related to the August 6 purchase. This payment reduces the accounts payable to Sure Shipping.
3. On August 10, DS Unlimited returns four defective game devices to GasoGir1. The returned items decrease the inventory and accounts payable to GasoGir1.
4. On August 14, DS Unlimited pays the full amount owed to GasoGir1, reducing the accounts payable.
5. On August 23, DS Unlimited sells 54 game devices purchased on August 6 for $240 each to customers on account. The revenue from the sale is recorded, along with the cost of goods sold, which is calculated based on the cost of the 54 devices sold.
These transactions are recorded in the journal entries, reflecting the changes in accounts and providing an accurate record of DS Unlimited's inventory and financial transactions.
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how can we use the list of preference while making decisions
Answer:
you Nepal ?
Explanation:
hey what you asking
examples of credit risk.
Answer:Some examples are poor or falling cash flow from operations (which is often needed to make the interest and principal payments), rising interest rates (if the bonds are floating-rate notes, rising interest rates increase the required interest payments), or changes in the nature of the marketplace that adversely affect
Explanation:
Paul's boss encourages employees to participate in the decision-making process, but does not give them complete freedom to do as they like. What kind of leadership style does Paul's boss have?
a.autocratic
b. laissez-faire
c. democratic
The leadership style Paul's boss has is democratic. A democratic leadership style is characterized by an environment in which leaders encourage. The correct option is c. democratic.
Leaders using this style also delegate authority to team members while remaining accountable for their decisions.A democratic leader will value the contributions of their team members and will often seek feedback to improve the overall performance of the team.
This kind of leader understands the importance of communication and will always seek to promote a healthy dialogue within the team.In conclusion, Paul's boss encourages employees to participate in the decision-making process, but does not give them complete freedom to do as they like.
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what is the process of taking decision in the office?
Answer:
dress code, smile, thinking cap, and due process
Explanation:
u must have all of them to complete your job. if u not fit for work you not going to have a nice day. you must think the due process through and follow guidelines
Four year universities are the only type of school worth attending. True False
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
the u.s. government agency that is responsible for regulating the process by which issuers raise capital is:
This same Securities and Exchange Commission (SEC) seems to be a federal watchdog organization in the United States tasked with policing the securities industry and safeguarding investors.
What function does an investor serve?An investor is somebody who invests money with the hope of making a profit or gaining an advantage in the future (interest). The majority of the time, the bank invests some kind of property using this assigned funds.
Why do investors buy securities?Investing is a successful approach to use your money and possibly increase your fortune. Your money may grow in value and outpace inflation if you make wise investment decisions. The force of compound and the trade-off between risk and return are the main reasons investment has a higher growth potential.
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What is financial literacy?
- the ability to understand how to make sound financial choices so you can confidently manage and grow your money
- the financial management that an individual or a family unit performs
- the shift in the structure of an economic system
- the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc
Financial literacy refers to the knowledge and skills that individuals have to make informed and effective decisions with respect to the management of their money. This can include understanding financial concepts such as budgeting, saving, investing, and credit management, as well as being able to navigate financial systems and institutions. Financial literacy also includes understanding the risks and rewards of different financial products and services and how to plan for short-term and long-term financial goals.
Having financial literacy skills can help individuals make the most of their financial resources, and can also help to reduce financial stress and anxiety. It enables individuals to be more financially stable, secure and independent in the long run. It also can help to avoid financial scams, and make sound decisions in times of economic crisis or uncertainty.
Financial literacy is important for people of all ages and income levels, as everyone must deal with financial issues and decisions throughout their lives.
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Answer:1)The ability to understand how to make sound financial choices so you can confidently manage and grow your money.
2) The CEO of the Finance Bar
3) Tracking your income and expenses
4) The financial management which an individual or a family unit performs
5) your language
Explanation: Just took the quiz 5/5
which of the following is true of performance management?
Performance management is a continuous process that includes regular check-ins, performance evaluations, feedback, and coaching to develop and improve an employee's performance.
It is the practice of monitoring and enhancing an employee's performance to ensure that the goals and objectives of an organization are achieved effectively and efficiently. Performance management involves the establishment of measurable goals, the regular review of employee performance, the provision of feedback to employees, and coaching to improve their performance. It also involves the identification of employees' developmental needs, as well as providing them with the necessary training and support to improve their performance. Therefore, one of the true statements of performance management is that it is a continuous process that requires the active involvement of employees, supervisors, and managers to achieve its objectives. In conclusion, performance management is a critical aspect of organizational development, which if implemented effectively, can help to enhance employees' productivity and organizational effectiveness.
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