Thomas, CPA, has examined the consolidated financial statements of Kass Corporation. Jones, CPA, has examined the financial statements of the sole subsidiary which is material in relation to the total examined by Thomas. It would be appropriate for Thomas to serve as the group engagement partner, but it is impractical for Thomas to review the work of Jones. Assuming an unmodified opinion is expressed by Jones, one would expect Thomas to
Refuse to express an opinion on the consolidated financial statements.
Express an unmodified opinion on the consolidated financial statements and not refer to the work of Jones.
Express an unmodified opinion on the consolidated financial statements and refer to the work of Jones.
Express a qualified opinion on the consolidated financial statements and refer to the work of Jones.
Answers
c) Assuming an unmodified opinion is expressed by Jones, one would expect Thomas to Express an unmodified opinion on the consolidated financial statements and refer to the work of Jones.
What is an unmodified opinion?
If all the information in the financial statement is materially correct, the opinion of the auditors will be an un-modified opinion.
When an auditor expresses an unmodified opinion?
An auditor expresses an unmodified opinion when they can sufficiently determine that the financial statements are free of material misrepresentation. This indicates that the constraints were satisfied and that the statements were prepared in accordance with accounting principles, standards, and benchmarks.
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Related Questions
which two things do CRM methods accomplish?
CRM is a set of methods that seeks both to understand costumers and to ______ about customers segments that companies should consider catering too.
FILL IN THE BLANK.
Answers
Answer:
I think it's make decisions
Explanation:
"CRM is a set of methods that companies use to understand customers. These methods make decisions regarding the selected customer segments"
The CRM is used for making decisions as it seeks to both understand the consumers and know about the segments that companies cater to.
What is a CRM?A CRM is a customer relationship management software that is a process that businesses and other organizations used to administrator the interactions among the customer typically using the data analysis to study a large amount of information.
Thus the system understands snd helps to decide the companies the customers they are catering to.
Find out more information about CRM.
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if robin strait earns $104,000/year, worked 44 hours during a recent week, and earns overtime wages that are 1.5 times greater than her regular wages, what would her gross earnings be for the week?
Answers
Robin Strait's gross earnings for the week would be $2,500, considering her regular wages based on her annual salary and any overtime wages earned.
To calculate Robin Strait's gross earnings for the week, we need to consider her regular wages and any overtime wages she may have earned.
First, let's determine Robin's regular wages for the week. Since she earns $104,000 per year, we can calculate her regular hourly rate as follows:
Regular Hourly Rate = Annual Salary / (Number of weeks per year * Number of hours per week)
Regular Hourly Rate = $104,000 / (52 weeks * 44 hours) = $50 per hour
Next, let's calculate her gross earnings for the week, including overtime:
Regular Earnings = Regular Hourly Rate * Number of regular hours worked
Regular Earnings = $50/hour * 44 hours = $2,200
Overtime Earnings = Regular Hourly Rate * Overtime Multiplier * Number of overtime hours worked
Overtime Earnings = $50/hour * 1.5 * (Number of hours over 44)
Since we don't have the specific number of overtime hours worked, let's assume Robin worked 4 hours of overtime for this calculation:
Overtime Earnings = $50/hour * 1.5 * 4 hours = $300
Total Gross Earnings = Regular Earnings + Overtime Earnings
Total Gross Earnings = $2,200 + $300 = $2,500
Therefore, Robin Strait's gross earnings for the week would be $2,500.
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the process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called
Answers
Trying to purchase products or services so that a company or organization can achieve its objectives is the process known as purchasing.
The act of buying a product or service in a business often entails quick, everyday exchanges between buyers and sellers.
This frequently involves the ordering and payment procedures used by a procurement manager. Creating and completing purchase orders, as well as setting up payment for items, are some examples.
Contrarily, procurement is the process of identifying and acquiring the goods and services that a company requires to realize its objectives, frequently from an outside source such as a supplier or third-party vendor.
A solid procurement plan can help you achieve a number of objectives. An organization could be able to save money, for instance, by negotiating favorable terms and prices. Additionally, it may ensure the reliability, efficiency, and caliber of providers.
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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Having a dependable income is a drawback of being a wage earner.
O A. True
B. False
no link please
no link please
Answers
In cases involving Internet communication or transaction, the sliding scale that courts have adopted considers a passive Web site that just posts information to be grounds for personal jurisdiction. T/F
Answers
The given statement "In cases involving Internet communication or transaction, the sliding scale that courts have adopted considers a passive Web site that just posts information to be grounds for personal jurisdiction. " is False. Because the sliding scale that courts have adopted considers the level of interactivity and commercial nature of a website to determine if it is grounds for personal jurisdiction.
A passive website that only provides information is less likely to establish personal jurisdiction, while a website that conducts commercial transactions and has significant interactivity is more likely to establish personal jurisdiction.
Therefore, the statement implies a black-and-white distinction, when in fact, there is a sliding scale that takes into account the specific circumstances of each case. We can also say that infomation on Internet communication or transaction are in grounds for personal jurisdiction. So, the given statement is False.
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Which of the following represent features of continuing education? Check all of the boxes that apply.
not necessary for those with an advanced degree (MD or PhD)
can include self-study such as reading
usually required to maintain a license
often available from professional organizations
only available from universities
Answers
Answer:
b,c,d
Explanation:
"Continuing education (CE) is an essential part of a health science or technology career and can include all kinds of education, including self-study. CE is usually required to maintain a professional license."
Answer:
b, c, d
Explanation:
edge2021
Last month, Greg wrote 5 checks. He also completed 4 debit card transactions, 3 bank ATM withdrawals, and 2 nonbank ATM withdrawals. Based on these banking activities, which financial institution from the cart above would be LEAST expensive for Greg?
A: Farmers’ Bank
B: Louisiana State National Bank
C: First Federal Bank
D: Chase Bank
Answers
The financial institution from the cart above that would be the LEAST expensive for Greg is Chase Bank. Thus the correct option is D.
A bank is referred to as a financial institution that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for the purpose of investment.
In the given case, it is explained that Greg wrote 5 cheques, used 4 debit cards, drew 3 bank ATMs, and used 2 nonbank ATMs. To choose the least expensive financial institution for Greg, we must first assess the entire cost of his transactions which is minimum of Chase Bank.
Therefore, option D is appropriate.
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make me laugh and ill give you brainly along with 15 points
remember\(\left[\begin{array}{ccc}180&260&life\\make&me&laugh\\level&hard&because im tierdnit will be hard good luck\end{array}\right]\)
Answers
Answer:
Whats a lawyers favorite suit...
A lawsuit
Explanation:
Please hurry!!!!!Which of the following is not a method used by careful consumers?
Compare stores and prices on an item
O Look for bargain brands and bulk pricing
Make a shopping list
O Buy a random item that is offered on special discount, today only
Answers
Answer:
last option
Explanation:
I just know so
Answer:
the last option - this is a marketing technique used to give the customer a sense of urgency
features of small office
Answers
Answer:
just made it yourself
Explanation:
hehehe
What are some of the core values and beliefs that led to the American Revolution and the writing of the US Constitution
Answers
Some of the core values and beliefs that led to the American Revolution and the writing of the US Constitution include:
1. **Individual liberty and rights**: The American Revolution was driven by a desire for individual freedoms and rights. The colonists believed in the inherent rights of individuals, such as life, liberty, and the pursuit of happiness, and they sought to protect these rights from infringement by a government.
2. **Self-governance and democracy**: The colonists advocated for self-governance and the right to have a say in the laws and policies that affected their lives. They rejected the idea of being governed by a distant monarchy and sought to establish a democratic system where power resided with the people.
3. **Limited government and rule of law**: The colonists believed in the concept of limited government, where the powers of the government are clearly defined and restricted to prevent abuse. They advocated for the rule of law, where all individuals, including government officials, are subject to and must abide by the law.
4. **Equality and fairness**: The ideals of equality and fairness played a significant role in the American Revolution. The colonists were frustrated with perceived injustices, such as unequal taxation and lack of representation, and sought to establish a system that treated all individuals fairly and equally under the law.
5. **Separation of powers and checks and balances**: The framers of the US Constitution emphasized the importance of separating powers among different branches of government (legislative, executive, and judicial) to prevent the concentration of power in one entity. They also established a system of checks and balances, allowing each branch to limit and oversee the actions of the others.
These core values and beliefs continue to shape the foundation of the United States and its democratic system, serving as guiding principles for governance, individual rights, and the pursuit of a more perfect union.
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Which of the following is a standard that defines how accountants record
financial transactions?
O A. generally accepted accounting principles
OB. government allowed accounting practices
OC. government applied accounting practices
O D. general accounting and auditing procedures
Answers
Generally accepted accounting principles.
What is a financial transaction?
An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction.
A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB). When their accountants put together a public company's financial statements, they must adhere to GAAP in the United States.
Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.
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If there is a high demand for a product, the price for that product will
O be lower
O be higher
stay the same
O none of the above
Answers
Answer:
High demand equals higher prices
Explanation:
The lesson reads:
Remember:
high demand = higher prices
low demand = lower prices
high supply (when there is an increased inventory or a lot of a product) = lower prices
low supply (when there is a decreased inventory or not enough of a product) = higher prices
If there is a high demand for a product, the price for that product will be higher. The correct option is b.
What is a product?A product is an object, system, or service made available for consumer use as per consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. Service is also regarded as a type of product.
In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production process.
Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability.
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Select the word or phrase that accurately completes each sentence.
Pressing the Backspace key will delete the text on the .
Pressing the Delete key will delete the text on the .
Answers
Answer:
Pressing the backspace key will delete the text on the leftPressing the delete key will delete the text on the rightExplanation:
After three profitable years, Dodd Co. decided to offer a bonus to its branch manager, Cone, of 25% of income over $100,000 earned by his branch. For the year 20X2, income for Cone's branch was $160,000 before income taxes and Cone's bonus. Cone's bonus is computed on income in excess of $100,000 after deducting the bonus, but before deducting taxes. What is Cone's bonus for the year 20X2
Answers
Answer:
$12,000
Explanation:
our EBIT (and before bonus also) = $160,000
income threshold = $100,000
bonus = 25% of (EBIT - threshold - bonus itself)
so now, we have to solve the following equation:
bonus = 25% x (EBIT - income threshold - bonus)
bonus = 25% x ($160,000 - $100,000 - bonus)
bonus = $15,000 - 0.25bonus
1.25bonus = $15,000
bonus = $15,000 / 1.25 = $12,000
The process of associating numerical amounts to the elements in the financial statements is called:________
Answers
The process of associating numerical amounts to the elements in the financial statements is called Measurement.
Financial statements are written data that supply a business enterprise's industrial company activities and economic performance. economic statements are regularly audited through authorities corporations, accountants, corporations, and so forth. to ensure accuracy and for tax, financing, or investing functions.
"Probable future monetary blessings obtained or controlled by way of a particular entity because of beyond transactions." property. Disclosure refers to the system and further records within the Financial statements and notes.
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in most experiments, trade-offs are made between validities because it is not possible to achieve all four at once. what is the most common trade off?
Answers
Increased internal validity results in decreased external validity.
When reading about other studies and planning your own, it's a good idea to keep these four major validity considerations in mind: internal, external, construct, and statistical.
When internal validity is improved, external validity frequently suffers, and vice versa. Your choice of study type represents the main objectives of your investigation. An artificial lab environment or the real world can both be used to evaluate a causal link.
It is very challenging to design a study that simultaneously fulfils all four validities. Sometimes, researchers merely concentrate on their priorities and do not even attempt to fulfil all four validities.
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Select the correct answer.
Which equation is the correct fundamental accounting equation?
OA owner's equity = liabilities -assets
OB.
assets liabilities - owner's equity
=
OC. assets = liabilities + owner's equity
O D.
assets + liabilities = owner's equity
Answers
Answer:
Assets=liabilities+owner's equity
If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note.
Please select the best answer from the choices provided
T
F
FIRST ANSWER GETS BRAINLIEST ;)
Answers
Answer:
I think t because it's to be nice because u never know they can reccomend u for something
Answer:
The answer is False
Explanation:
I took the test on e2020
Why would South Africa’s import value be higher than export value
Answers
South Africa exports of items and services as proportion of GDP is 30.47% and imports of items and services as proportion of GDP is 25.53%.
Why import is greater than export?A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a sturdy home forex hampers exports and makes imports cheaper. Higher inflation can also influence exports via having a direct have an effect on on input fees such as materials and labor.
Imports become extra expensive. Exports and AD make bigger causing demand-pull inflation.
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https://brainly.com/question/27899202#SPJ13tools - machinery - and infrastructure are classified under the resource category of
Answers
Tools, machinery, and infrastructure fall under the resource category in various industries and sectors. They are essential assets that enable the production, development, and maintenance of goods and services.
Tools, machinery, and infrastructure are vital resources that support economic activities across different sectors. In manufacturing, tools and machinery encompass a wide range of equipment, from hand tools to complex industrial machines, used in production processes. They play a crucial role in enhancing efficiency, precision, and output levels. Infrastructure refers to the physical structures and systems necessary for the functioning of a society, including transportation networks, power grids, communication systems, and buildings.
It provides the framework for economic activities by facilitating the movement of goods, services, and people. Well-developed infrastructure enables businesses to operate smoothly, connect with markets, and reach customers efficiently. Overall, tools, machinery, and infrastructure are key resources that contribute to economic growth, productivity, and development in various industries.
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Evara Cosmetics Inc. is a company that operates in 20 countries around the globe. The company clearly understands that the skin and hair type of customers varies from one country to another. Consequently, its products are customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high. This strategy helps the company behave as a local firm in a foreign market. In this scenario, which of the following strategies is Evara Cosmetics Inc. most likely pursuing?
1. a multi-domestic strategy
2. an international strategy
3. a global-standardization strategy
4. a one-product strategy
Answers
Answer:
1. a multi-domestic strategy
Explanation:
A multi-domestic strategy is used by businesses to maximise local profitability in a society.
This is done by customising their products and marketing strategy to specific local needs.
It allows a business to compete favourably in various domestic markets.
In the given scenario Evra Cosmetics customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high.
They are using the multi-domestic strategy to make a foreign company behave like a local one in the market.
MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answers
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
Eduardo would like to find a job in the Marketing pathway of the Business, Management, and Administration career cluster. He attended his local community college and earned his associate’s degree. Which career choice is available to Eduardo given his highest level of education?
Advertising Manager
Sales Representative
Sales Manager
Marketing Manager
Answers
Answer:
B
Explanation:
On Edge
Answer:
B
Explanation:
no one cares about cheating
DIRECTION: ANSWER ALL QUESTION
(a) Calculate indirect quotation for foreign exchange below: (C3, CLO1)
i. Exchange rate between AUD and EURO is 0.6293 Euro per AUD.
ii. Exchange rate between CAD and GBP is 0.5829 GBP per CAD.
iii. Exchange rate between USD and MYR is 4.1100 MYR per USD.
Answers
(a) The indirect quotations for the given foreign exchange rates are:
i. AUD/EURO: 1.5885 AUD per Euro
ii. CAD/GBP: 1.7157 CAD per GBP
iii. USD/MYR: 0.2432 USD per MYR
(a) To calculate the indirect quotation for the given foreign exchange rates, we need to find the reciprocal of each exchange rate.
i. Indirect quotation for AUD/EURO:
The given exchange rate is 0.6293 Euro per AUD.
The indirect quotation is the reciprocal of this rate:
Indirect quotation = 1 / 0.6293 = 1.5885 AUD per Euro
ii. Indirect quotation for CAD/GBP:
The given exchange rate is 0.5829 GBP per CAD.
The indirect quotation is the reciprocal of this rate:
Indirect quotation = 1 / 0.5829 = 1.7157 CAD per GBP
iii. Indirect quotation for USD/MYR:
The given exchange rate is 4.1100 MYR per USD.
The indirect quotation is the reciprocal of this rate:
Indirect quotation = 1 / 4.1100 = 0.2432 USD per MYR
Therefore, the indirect quotations for the given foreign exchange rates are:
i. AUD/EURO: 1.5885 AUD per Euro
ii. CAD/GBP: 1.7157 CAD per GBP
iii. USD/MYR: 0.2432 USD per MYR
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beyond traditional advertising, the answer to many of your client's problems may line in:
Answers
Beyond traditional advertising, exploring avenues such as content marketing, social media engagement, influencer collaborations, SEO, and personalized customer experiences can help address client problems and reach their target audience.
Beyond traditional advertising, the to many of your client's problems may lie in:
1. Digital Marketing: Utilizing digital channels such as social media, search engine optimization (SEO), content marketing, email marketing, and online advertising to reach and engage with target audiences in a more targeted and measurable way.
2. Data Analytics: Leveraging data analysis and insights to understand customer behavior, preferences, and trends. This can help optimize marketing strategies, personalize messaging, and make data-driven decisions to drive better results.
3. Customer Relationship Management (CRM): Implementing CRM systems to effectively manage and nurture customer relationships. This involves tracking customer interactions, managing leads, and tailoring marketing efforts to enhance customer satisfaction and loyalty.
4. Content Marketing: Creating valuable and relevant content, such as blog articles, videos, infographics, and podcasts, to attract and engage the target audience. Content marketing focuses on providing information, solving problems, and building brand authority.
5. Influencer Marketing: Collaborating with influential individuals or industry experts who have a strong following and credibility in their niche. Partnering with influencers can help reach and influence target audiences through authentic and trusted recommendations.
It's important to note that the specific solution or combination of strategies will depend on the client's goals, target audience, industry, budget , and other factors. A tailored and integrated approach that aligns with the client's objectives is key to addressing their unique challenges effectively.
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In general, how many human resource employees would be on staff for a firm with 500 total employees?A) 1B) 2C) 5D) 10
Answers
The answer would depend on the specific needs and structure of the firm. However, as a general guideline, a firm with 500 total employees may have a human resource department with anywhere from 5 to 10 employees.
This would include HR specialists, recruiters, benefits administrators, and other support staff. It's important to note that the size and composition of the HR department may vary depending on the industry, location, and organizational structure of the firm.This is based on the assumption of a 1:50 HR-to-employee ratio, which is a common benchmark used in the industry. However, this number can vary depending on the company's specific needs and structure.
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https://brainly.com/question/28569763#SPJ11Which option completes the explanation for conflict of interest in an organization?
Answers
Answer:
Explanation:
conflict of interest is defined as a condition where an individual or organization is in a conflicting situation where the fulfillment of one’s interest could mean the detriment to the others. organizations tend to avoid these kinds of situations to occur, especially between the employee and the organization.
.If purchasing-power parity holds, the price level in the U.S. is 250, and the price level in Japan is 260, which of the following is true?
a. the nominal exchange rate is 260/250
b. the real exchange rate is 250/260
c. the nominal exchange rate is 250/260
d. the real exchange rate is 260/250
Answers
The c. The nominal exchange rate is 250/260. Purchasing-power parity suggests that the exchange rate between two currencies should adjust to reflect the differences in the price levels of the two countries.
In this case, the price level in Japan is higher than the price level in the U.S., which suggests that the Japanese yen should depreciate relative to the U.S. dollar.
The nominal exchange rate is the rate at which one currency can be exchanged for another, without adjusting for inflation or other factors. In this case, the nominal exchange rate would be the number of yen per dollar, so it would be 250/260 (or approximately 0.962).
The real exchange rate, on the other hand, adjusts for differences in inflation between the two countries. It reflects the relative purchasing power of the two currencies, or how much of one currency can be exchanged for a given amount of goods or services in the other country. In this case, the real exchange rate would be 260/250 (or approximately 1.04), because the price level in Japan is higher than the price level in the U.S.
If purchasing-power parity (PPP) holds, it means that the exchange rate between two countries should equal the ratio of their price levels. In this case, the price level in the U.S. is 250, and the price level in Japan is 260. So, according to PPP, the nominal exchange rate should be 260 (Japan) divided by 250 (U.S.), which equals 260/250.
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