Brand recognition when a company builds strong consumer goodwill,its identifying trademark is the source of certain products.
Intellectual property rights can sometimes be an extremely valuable bargaining tool and can be sold for financial gain. For those small manufacturers looking to use innovation to differentiate themselves from the competition, intellectual property describes the exclusive rights they can obtain under the law to protect something unique that they have developed.Protecting your intellectual property is a means of securing an economic advantage for your business and ensuring that you can defend your unique ideas,products and services.The best way to protect intellectual property is to register it with the government and enforce your property rights.Intellectual property rights guarantee that the creator has sole authority over the creation of it.Infringement With intellectual property rights,creators are protected against any competitor who illegally infringes on the creation.For example, a businessman's scientific invention is his own.
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true or false: in most large organizations, buying decisions are made exclusively by members of the purchasing or procurement department, with limited or no input from other employees.true or false: in most large organizations, buying decisions are made exclusively by members of the purchasing or procurement department, with limited or no input from other employees.
It is untrue that only employees in the procurement or purchasing departments make purchase choices.
Describe organization?An organization is a collection of individuals who cooperate to accomplish definite objectives. It is a society that encompasses all official interpersonal relationships. The purpose of an organization is to divide labor among employees and connect tasks with the overall objective of the business.
What exactly is procurement?In order to support a business's everyday operations, a corporation must engage in a variety of activities, including procuring, negotiating terms, acquiring commodities, receiving and checking those things as needed, and maintaining records of each step of the process.
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which of the following statements are true about forward contracts? check all that apply: both parties (buyer and seller) are protected from future price fluctuations of the asset. they are an agreement to buy or sell a specified amount of an asset at a specified date and for an agreed-upon price. they eliminate both price risk and credit (default) risk. the seller has an obligation to sell a specified amount of an asset at a specified date and price. they are daily marked to market.
they are an agreement to buy or sell a specified amount of an asset at a specified date and the seller is required to complete the sale. They offer insurance against price changes but not against credit risk. They aren't marked to market every day.
An agreement between two parties to acquire or sell a specific quantity of an asset at a specific time and for a specific price is known as a forward contract. Since it is an over-the-counter (OTC) derivative, an exchange is not where it is traded. Due to the asset's fixed price under the contract, both parties are safeguarded against future asset price volatility. The chance that one of the parties won't carry out their duty exists because they are exposed to credit (default) risk. In a forward contract, the seller is required to sell a specific quantity of an item at a specific price and date, and the buyer is required to purchase the asset.
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What are the approaches that can be utilized when strategizing for competitive advantage? O Strategic O Commitment O Strategic Planning O Scenario Planning
When strategizing for competitive advantage, companies have several approaches that they can utilize to gain an edge over their competitors. These approaches include Strategic, Commitment, Strategic Planning, and Scenario Planning.
Strategic: A strategic approach focuses on a company's strengths and weaknesses and how to leverage them to achieve a competitive advantage. This may involve investing in key areas, such as research and development, to create unique products and services.
Commitment: A commitment approach involves making a long-term investment in a particular area to achieve a competitive advantage. For example, a company may commit to sustainability, customer service, or innovation in order to differentiate itself from its competitors.
Strategic Planning: Strategic planning involves the development of a detailed plan that outlines a company's goals and how they will be achieved. This approach may involve conducting a SWOT analysis, identifying key market trends, and developing a roadmap for success.
Scenario Planning: Scenario planning involves creating different possible scenarios for the future and preparing for them. This approach helps companies be proactive and prepared for potential threats and opportunities that may arise.
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Assuming other project costs remain constant, how much could the bid from Thorne Partners be reduced if only 500 interviews were conducted?Please select the correct answer from the options shown. €15,200 €16,200 €16,500 €17,800
If all other project costs remain constant, Thorne Partners' proposal, which would be decreased if only 500 interviews were done, may be €15,000 (option a).
The practise of project cost management makes ensuring that the project's budget is utilized effectively.
The project manager's job in this process is to make sure that the project's budget and costs is spent effectively, that it stays within its allotted budget, and that money isn't wasted on things or activities that aren't essential to its completion. A project manager is in charge of overseeing a project's whole life cycle. Project cost management is a crucial task that must be completed correctly to prevent issues.
Cost management involves more than just calculating investment and tracking expenditures; it also takes into account factors like risk analysis, budgeting, and forecasting.
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how would ""high feed costs"" cause a fall in prices of beef? is this what one would expect with most goods? with cattle?
Look feed is utilized as a contribution for meat as they are utilized to develop them. In this manner expansion in the cost of feed will prompt less creation of hamburgers as the complete expense will increment and supply will move leftward.
This will prompt an expansion in the cost of meat and yet request will likewise fall as the purchaser will move their Utilization to substitute merchandise accessible to hamburger.
Also, last, the cost of meat will fall. This is just conceivable when the merchandise has a close substitute and is effectively accessible. This can't be valid in the event of cows as their substitute is fewer and requests can't change without any problem.
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the art of public speaking chapter 4 answer key
The answer key for Chapter 4 of the "The Art of Public Speaking" may include answers to questions or exercises found in the chapter, as well as explanations and clarifications for important concepts covered.
This can help students to assess their understanding of the material and identify areas that they may need to review more closely. The answer key may also include tips and suggestions for improving public speaking skills, such as strategies for overcoming nervousness, making effective eye exercises, and delivering dynamic and engaging presentations. These resources can be valuable for anyone looking to enhance their public speaking abilities and become more confident and effective communicators.include answers to questions or exercises found in the chapter, as well as explanations and clarifications for important concepts covered.
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Question:
When an auditor increases the assessed level of control risk because certain control procedures were determined to be ineffective, the auditor would most likely increase the:
A. Extent of tests of controls
B. Level of detection risk
C. Extent of tests of details
D. Level of inherent risk
Control Risk:
Control risk is the risk of not identifying and amending misstatements in the internal control of an organization because of certain weaknesses that might exist within the entity's system. An auditor can the assess the control risk of a firm in order to know whether the internal control can either detect or control the errors in a financial statement.
When an auditor increases the assessed level of control risk because certain control procedures were determined to be ineffective, the auditor would most likely increase the A. Extent of tests of controls.
In auditing, control risk refers to the risk that material misstatements may occur in a financial statement and not be prevented or detected by the entity's internal controls. The auditor's assessment of control risk is a critical component of the overall audit strategy, as it helps to determine the extent of testing that the auditor will perform.
When an auditor increases the assessed level of control risk because certain control procedures were determined to be ineffective, the auditor would most likely increase the extent of tests of controls. This means that the auditor would perform more extensive testing of the entity's internal controls to determine their effectiveness and to identify any weaknesses.
In contrast, increasing the level of detection risk (Option B) would not be appropriate, as the auditor is trying to reduce the risk of material misstatements, not increase it.
Increasing the extent of tests of details (Option C) would also not be appropriate, as the auditor's focus is on testing the internal controls, not the underlying transactions.
Finally, increasing the level of inherent risk (Option D) would not be appropriate, as the auditor's assessment of inherent risk is typically determined before the assessment of control risk and would not be changed based on the results of tests of controls.
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Part 2: Contingency Planning Policy
Locate and read the Access Control Policy in the NIST Cybersecurity Framework Policy Template Guide. Research online for a real-world implementation example of the policy and compare it with the NIST policy template side by side.
the following questions clearly and systemically in this Word document. Make sure to include a References section toward the end of the document.
1. The Access Control Policy is implemented for which NIST function and sub-categories? [5 points]
2. Which organization is the implementation example you identified for? Which industry sector (e.g., education, government, etc.) is the organization in? [5 points]
3. What is the purpose of the example policy? Which party (parties) does the policy apply to? Who is/are responsible for implementing this policy? [5 points]
4. As compared to the NIST policy template, how is the example policy customized to fit the needs of the organization? Describe one occurrence of the customization in detail. [5 points]
5. If specified in the example policy, what criteria are defined to verify the organization’s compliance to the policy? If not specified in the example policy, what are your recommendations? [5 points]
6. If specified in the example policy, how frequent is the policy reviewed for potential modifications? If not specified in the example policy, what are your recommendations? [5 points]
The policy applies to all individuals who have access to the organization's information systems and assets, including employees, contractors, and third-party vendors.
The Access Control Policy is a part of the "Identify" function and sub-categories of the NIST Cybersecurity Framework. The purpose of the policy is to ensure the confidentiality, integrity, and availability of information by defining who is authorized to access it, and how it can be accessed. In terms of customizing the policy to fit the needs of an organization, this may involve tailoring the policy's definition of access controls, specifying which access control types the organization will implement, and determining who is responsible for implementing and maintaining the access controls on vendors. To verify compliance with the policy, organizations may define criteria such as regular security audits, penetration testing, or user activity monitoring. It is recommended to review the policy at least annually, or whenever there are significant changes to the information systems and assets that it covers.
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what is the common theme between the 1997 business roundtable statement and the shareholder primacy?
maximizing shareholder value Reason - The common theme between 1997 business roundtable conference and shareholders primacy.
Unlike the U.S. Chamber of Commerce, whose members are entire businesses, BRT members are exclusively CEOs. The BRT lobbies for public policy that is favorable to business interests, such as lowering corporate taxes in the United States and internationally, as well as international trade policy, like NAFTA.
Shareholder primacy is a shareholder-centric form of corporate governance that focuses on maximizing the value of shareholders before considering the interests of other corporate stakeholders, such as society, the community, consumers, and employees.
which category in the 4e framework of social media might include discussing a contest for free merchandise that takes place in-store to bring customers into the facility?
A contest for free goods that is held in-store to draw people in can fall under the 4e framework's engagement category for social media.
This kind of activity would most likely be classified as "engagement " in the 4E Framework of Social Media, which stands for "Engage," which is the use of social media to promote connections and engagement with consumers and other stakeholders. A business offers clients the chance to participate and connect with the brand in a fun and engaging way by holding an in-store contest for free items. This kind of activity is a vital element in the overall marketing and engagement strategy since it may foster brand loyalty, raise consumer interaction, and enhance foot traffic to the facility.
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value of service pricing is best defined as: group of answer choices pricing based upon common costs what the traffic will bear picing based on marginal costs pricing based on average costs
The best way to define the value of service pricing is based upon common costs.
This means that the pricing should reflect what the market is willing to bear and not be based on arbitrary costs. Common costs are the costs that are incurred by the majority of businesses providing a similar type of service. These costs include labor, materials, production, and overhead.
Common costs are the costs which are incurred regardless of the number of units sold, and as such are shared amongst all units produced. These costs are typically fixed, meaning they do not change with the number of units sold, and thus common costs must be recovered through the pricing of services.
Pricing based upon common costs allows businesses to cover the costs associated with providing a service, such as labor, equipment, and overhead, while still allowing them to be competitive and profitable.
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When did slavery first emerge in Virginia?
a. Slaves arrived with the very first colonists
b. The Dutch sold 20 Africans to Virginia colonists
c. After the defeat of Opechancanough
d. After Bacon's Rebellion
Slaves arrived with the very first colonists did slavery first emerge in Virginia.
Aboard the English entrepreneur- ship White Lion, 20–30 enslaved Africans arrived at Point Comfort, present-day Fort Monroe in Hampton, Virginia. These Africans reportedly exchanged for provisions in Virginia. A second ship (Treasurer) with more slaved Africans landed in Virginia a few days later.
Tobacco was established by Virginian plantation owners as their main export. It required a lot of labour, and because it was in high demand in England as well as Europe, the colony imported more African slaves.
Therefore, the correct answer will be option (a)
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the sales records indicate that ramen noodles sell extremely well with college students. so well, in fact, that you have trouble keeping it in stock and on the shelves. what aspect of information quality could keep ramen on the shelves?
The aspect of information quality that will keep ramen on the shelf is Timeliness.
What is Timeliness?In terms of timeliness, it's the interval between now and when the data were originally stored. Although more recent data is usually desired, varying levels of timeliness are required by different industries. Timeline
Basically, data quality consists of five characteristics: correctness, completeness, reliability, relevance, and timeliness these are the data quality characteristics of which one should be aware
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The dividends received deduction is designed to mitigate the extent to which corporate earnings are subject to more than two levels of taxation.true or false
The answer is true. The dividends received deduction is meant to the lessen how much company earnings are taxed at more than two different levels.
The highest-grossing corporations' taxable income is subject to a flat tax rate of 35%. An associated group is required to submit a consolidated tax return by the default. The "dividends-received deduction" aims to lower or eliminate the additional tax that the corporations are required to pay when they receive dividends. A corporation will therefore pay less tax on dividends than on capital gains as a result. The deduction often equates to 50% of the payout.
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which items are part of a thorough market summary? (check all that apply.)multiple select question.international growth opportunitieslisting of all the firm's productsbreak-even analysis calculationsan analysis of important marketplace trendspotential sales through international expansion
International Growth Opportunities, Potential sales through international expansion and analysis of important marketplace trends are items that are a part of a thorough market summary. Option A, Option C and Option D.
International growth opportunities represent an important area of focus for businesses looking to expand their reach and increase their sales.
By carefully analyzing important marketplace trends, businesses can identify potential sales opportunities in new international markets.
It is essential to have a thorough understanding of the current market environment in order to effectively evaluate and capitalize on international growth opportunities.
Having a detailed market summary is a valuable tool in understanding the current market and identifying possible growth opportunities. It can provide important insights into areas of potential expansion, competitor analysis, and target customer segments. By gathering and interpreting these insights, businesses can make well-informed decisions about their international growth prospects.
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If the P/E ratio is 12, and the earnings per share is $1.30, what is the price of the stock?
a. Cannot be determined without dividends per share.
b. Cannot be determined without a discount rate
c. $1.30 per share
d. $15.60 per share
The cost of the stock is $15.60 per share.
PE Ratio = Price / Earnings
12 = Cost/1.30
Cost = 12 * 1.30
Cost = $15.60 per share
A share price – or a stock price – is the amount it would cost to get one offer in an organization. The cost of an offer isn't fixed, yet changes as per economic situations.
It will probably increment in the event that the organization is seen to do effectively, or fall on the off chance that the organization isn't measuring up to assumptions. Assuming that there are a greater number of purchasers than merchants, the stock's cost will climb.
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what is a temporary activity a company undertakes to create a unique product, service, or result%3what is a simplified representation or abstraction of reality?
A temporary activity a company undertakes to create a unique product, service, or result is known as a project.
A simplified representation or abstraction of reality is a model.
What is Company?A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise. It is an association of people, whether natural, legal, or a mixture of both, with a specific purpose. It is an organization that produces or sells goods or services in order to make a profit. It is a business organization that makes money by selling goods or services. It is a type of business structure that is a separate legal entity from its owners.
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which stakeholders’ interests are true for a firm using the stakeholder theory of a firm?
Stakeholders’ interests are true for a firm using the stakeholder theory of a firm will be Normative.
A stakeholder would be a party with an interest in a business who has the potential to influence or be influenced by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
Stakeholder Theory would be a theory about capitalism that emphasises the connections between a company's stakeholders, including its clients, vendors, employees, investors, and communities. According to the notion, a company ought to provide value for all parties involved, not just shareholders.
Therefore, the correct answer will be option (a)
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The given question is incomplete, the complete question is:
Which stakeholders’ interests are true for a firm using the stakeholder theory of a firm?
a)Normative
b)Descriptive
c)Fiduciary
d) Instrumental
a warehouse employee alerts his boss that the forklift he uses to move supplies in the warehouse is not operating and a new one must be purchased. what role in the buying center does the warehouse employee represent?
When a warehouse employee alerts his boss that the equipment to move the supplies in the warehouse not in operation, and so a new one is to be purchased, then he or she represents being a user in the buying center.
A warehouse employee can be referred to or considered as an employee who is a part of completing and practicing the operations related to the warehouse of a firm. Moreover, the employee is also a user, if he or she is responsible for operating any equipment in the warehouse that he is a part of.
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a company's marginal cost function is where x is the number of units. find the total cost of the first 100 units (of increasing production from x
The combinations of output that a country's economy is capable of producing are those displayed by the Production Possibilities Frontier.
The Production Possibilities Frontier: What does that mean? This is a reference to an economic statistic that shows how much output a country can produce in relation to its resource base. Producing in excess of the PPF is not feasible since it indicates a level of output that the country is unable to meet due to a lack of available resources. An economy is receiving the most output from its resources if it is operating at the frontier of production potential. What does it mean for an economy to be at the frontier of production possibility The Production Possibilities Frontier (PPF) is a graph that shows all the output combinations of two distinct items that are conceivable to produce given the state of science and technology at the time. The PPF addresses the concepts of choice, tradeoffs, and scarcity.
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Developers do not meet with stakeholders; only the product owner meets with stakeholders. True or False?
False. Developers may meet with stakeholders, especially in an Agile development methodology.
In Agile, developers are encouraged to have direct and regular communication with stakeholders to ensure that the product being developed meets their needs and requirements. The product owner, who represents the stakeholders, is responsible for communicating the stakeholders' needs and priorities to the development team. However, the developers may still need to meet with stakeholders directly to gather additional information, clarify requirements, or demonstrate progress on the product.
Having direct communication between developers and stakeholders can lead to better alignment, improved collaboration, and a more efficient development process. Developers can gain a deeper understanding of the stakeholders' needs and requirements, while stakeholders can gain a better understanding of the technical aspects of the product and the development process. This communication can help to ensure that the final product meets the stakeholders' needs and is delivered on time and within budget.
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with respect to a company that is currently earning a profit, multiple choice the lower the margin of safety the less likely a company is to incur a loss. the higher the margin of safety the more likely a company is to incur a loss. the higher the margin of safety the less likely a company is to incur a loss. none of the choices is correct.
The likelihood of a corporation suffering a loss decreases with increasing margin of safety. (Choice c)
What is the safety margin?The discrepancy between a stock's intrinsic value and market price is known as a margin of safety. Another interpretation: The margin of safety in break-even analysis refers to the amount that output or sales can drop before a business achieves it's own break-even point. According to the investment idea known as the "margin of safety," a stock should only be bought when its market price is much lower than its underlying worth. Current sales less the breakeven, divided by Current Sales, is indeed the margin of safety formula.
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the cash effects of purchasing and selling assets are included in which section of the statement of cash flows?
The answer is Investing Cash Flow, the cash effects of purchasing and selling assets are included in investing cash flow section of the statement of cash flows.
An easy way to define investingA purchase made for the purpose of earning money or appreciating in value is known as an investment. When an asset's value rises over time, this is referred to as appreciation. When someone buys something as an investment, they don't intend to utilize it right now to make money; instead, they plan to use it later to do so.
Why do people invest in the first place?A successful strategy to invest your money and possibly increase your wealth is to open an investment account. Your money may see value growth that exceeds inflation if you make wise investment decisions. Compounding's effectiveness and the risk-return trade-off are the main causes of investing's higher growth potential.
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The Federal Operating Concept is designed to outline the necessary actions who should take to prepare for an impending space weather event?
A. Department of Transportation
B. the Public Sector
C. Federal Departments and Agencies
D. Department of Health and Human Services
The Federal Operating Concept is designed to outline necessary actions the Public Sector should take to prepare for impending space weather event.
What is Public Sector?The region of the economy that is made up of both public services and public firms is known as the public sector, also referred to as the state sector. Armed forces, law enforcement, infrastructure, public transportation, public education, healthcare, and government employees like elected officials are all viewed as public goods and governmental services that fall under the umbrella of the public sector. Public enterprises, sometimes known as state-owned companies, are privately held, autonomously operated for-profit firms. They frequently operate for profit and offer a range of personal goods and services. Businesses that aren't in the public sector are typically located in the private or nonprofit sectors.
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The FIFO method of process costing will produce the same cost of goods transferred out amount as the weighted average method when a. the goods produced are homogeneous b. there is no beginning Work in Process Inventory. c. there is no ending Work in Process Inventory. d. beginning and ending Work in Process Inventories are each 50 percent complete.
The FIFO method of costing will produce the same cost of items transferred out amount as the weighted average approach when there is no commencement WIP inventory
According to the accounting principle known as first in, first out, assets that are purchased or acquired first are also the first to be sold (FIFO). According to FIFO, the inventory that is still in stock consists of the most recent purchases. The LIFO accounting system prioritises the sale of the most recent purchased or acquired assets, in contrast to FIFO. The FIFO method widens the gap between expenses and profit, which could lead to an increase in the amount of income tax that a firm must pay (than with LIFO). In order to avoid overstating earnings, a corporation must be vigilant when using the FIFO method. This can occur when product costs increase and new data is used to calculate product costs rather than older ones.
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choose four reasons why proper planning during the development of any information system is important.
Proper planning during the development of any information system is important for a variety of reasons.
The first reason is to ensure that the system is created with the user's needs in mind. When the application is designed with the users in mind, it can be tailored to their specific needs and make it easier for them to use. Secondly, proper planning can help to ensure that the system meets the specific requirements of the organization. By taking the time to properly plan out the system and determine the necessary components and features, the organization can ensure that the system meets their needs and is not missing any vital components. Third, proper planning can help to reduce the cost of development and implementation. By properly planning the system before development begins, the organization can avoid costly mistakes and unnecessary features. Finally, proper planning can reduce the amount of work necessary for maintenance and upgrades. By ensuring that the system is designed to be easily maintained and upgradeable, the organization can save time and money in the long run.
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a fixed point in a supply chain where goods are processed, mixed, held, or sold is called a: group of answer choices link node operation supply chain
Setting a product's price to be competitive with that of rivals is a practice known as competitive pricing.
Aiming to advertise multi-featured cameras with a targeted P/Q rating that is around 0.5 stars above the prior year's industry average, and increasing prices for multi-featured cameras by $10 more than any other company in the industry in each of the four geographical regions. As a result, Choice A is right. What do you mean by pricing that is competitive? Competitive-based pricing, also known as competition-based pricing, refers to a pricing approach in which your own price point is significantly influenced by that of your rivals. This tactic puts more emphasis on the market than it does on your expenses (Cost Plus Pricing). Setting a product's price to be competitive with that of rivals is a practice known as competitive pricing. An example from the actual world is the price of popular items on Amazon.com.
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which of the following refers to the preparation of an adjusted trial balance? (check all that apply.) multiple select question. an adjusted trial balance is prepared after adjustments have been posted. the debit and credit column totals must balance. the debit and credit column totals don't have to equal each other on an adjusted trial balance. an adjusted trial balance has one debit column and one credit column. new accounts may need to be added because of the adjusting process. accounts are generally listed in the same order as listed in the chart of accounts. an adjusted trial balance is a list of accounts and balances prepared before adjustments are posted.
All of the following are true, with the exception : An adjusted trial balance is a list of accounts and balances prepared before adjustments are posted.
The following claims regarding the creation of an adjusted trial balance are accurate: After modifications have been posted, an adjusted trial balance is created. The sums in the credit and debit columns need to be equal. One debit column and one credit column make up an adjusted trial balance. The process of modifying can need the addition of new accounts. Generally speaking, accounts are presented in the same order as they appear in the chart of accounts. The following claim is untrue: A list of accounts and balances created before modifications are reported is known as an adjusted trial balance.
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During the planning phase of the audit, you met with Pinnacle’s management team and performed other planning activities. You encounter the following situations that you believe may be relevant to the audit: 1. Your firm has an employee who reads and saves articles about issues that may affect key clients. You read an article in the file titled, "EPA Regulations Encouraging Solar-Powered Engines Postponed?" After reading the article, you realize that the regulations management is relying upon to increase sales of the Solar-Electro division might not go into effect for at least ten years. A second article is titled, "Stick to Diesel Pinnacle!" The article claims that although Pinnacle has proven itself within the diesel engine industry, they lack the knowledge and people necessary to perform well in the solar-powered engine industry. 2. You ask management for a tour of the Solar-Electro facilities. While touring the warehouse, you notice a section of solar-powered engines that do not look like the ones advertised on Pinnacle’s Web site. You ask the warehouse manager when those items were first manufactured. He responds by telling you, "I’m not sure. I’ve been here a year and they were here when I first arrived." 3. You also observe that new computerized manufacturing equipment has been installed at Solar-Electro. The machines have been stamped with the words, "Product of Welburn Manufacturing, Detroit, Michigan." 4. During discussions with the Pinnacle controller, you learn that Pinnacle employees did a significant amount of the construction work for a building addition because of employee idle time and to save costs. The controller stated that the work was carefully coordinated with the construction company responsible for the addition. 5. While reading the footnotes of the previous year’s financial statements, you note that one customer, Auto-Electro, accounts for nearly 15% of the company’s accounts receivable balance. You investigate this receivable and learn the customer has not made any payments for several months. 6. During a meeting with the facilities director, you learn that the board of directors has decided to raise a significant amount of debt to finance the construction of a new manufacturing plant for the Solar-Electro division. The company also plans to make a considerable investment in modifications to the property on which the plant will be built. 7. While standing in line at a vending machine, you see a Pinnacle vice president wearing a golf shirt with the words "Todd-Machinery." You are familiar with the company and noticed some of its repairmen working in the plant earlier. You tell the man you like the shirt and he responds by saying, "Thank you. My wife and I own the company, but we hire people to manage it." 8. After inquiry of the internal audit team, you realize there is significant turnover in the internal audit department. You conclude the turnover is only present at the higher-level positions. 9. While reviewing Pinnacle’s long-term debt agreements, you identify several restrictive covenants. Two requirements are to keep the current ratio above 2.0 and debt-to-equity below 1.0 at all times. 10. The engagement partner from your CPA firm called today notifying you that Brian Sioux, an industry specialist and senior tax manager from the firm’s Ontario office, will be coming on-site to Pinnacle’s facilities to investigate an ongoing dispute between the Internal Revenue Service and Pinnacle. 11. A member of your CPA firm, who is currently on-site in Detroit at the Welburn division, calls you to see how everything is going while you are visiting Solar-Electro in Texas. During your conversation, he asks if you know anything about the recent intercompany loan from Welburn to Solar-Electro. Required a. Review Part I of the case and the situations in Part II and identify information that affects your assessment of acceptable audit risk. Note that only some of the situations in Part II will relate to acceptable audit risk. Classify the information based on the three factors that affect acceptable audit risk. External users’ reliance on financial statements Likelihood of financial difficulties Management integrity b. Assess acceptable audit risk as high, medium, or low considering the items you identified in requirement a. (A risky client will be assessed as a low acceptable audit risk.) Justify your response. c. Identify inherent risks for the audit of Pinnacle using the information from Parts I and II. For each inherent risk, identify the account or accounts that may be affected. Please answer a, b and c for 7, 8 & 9.
Project scope management refers to the set of processes that ensure that the project scope is accurately defined and mapped.
Scope management techniques enable project managers and supervisors to allocate the right amount of work required to successfully complete a project. This is primarily to control whether it is part of the project scope.
Project scope management identifies and documents all project goals, objectives, deliverables, deadlines, and budgets during the planning process. Change is common in project management, especially in large projects.
The scope of knowledge is very important for project managers, and the Project Management Institute emphasizes this. Scope refers to a detailed set of project deliverables or features. These services are derived from project requirements. PMBOK defines the scope of a project as "the work that needs to be performed to deliver a product, service or result with specified characteristics and functions".
One of the most difficult tasks when leading a project is tracking stakeholder and customer expectations. But with a clear scope and timeline in place, project managers can more easily ensure deadlines are met and time is used efficiently throughout the project lifecycle.
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justin makes $1000 per paycheck. he has a 401(k) plan and his employer has a 3% matching program. justin decides he'd like to be more aggressive with his contributions, so he decides he's going to contribute 5% per paycheck. how much does this mean his employer will contribute per paycheck?
Justin makes =$1000
He decides to contribute 5% in order to show his aggression.
$1000 x 5% = $50 per paycheck to his 401(k) plan. he'll contribute $50 from %1000 also the employers have the part to be contributed in those $1000
His employer will contribute $1000 x 3% = $30 per paycheck, which is the matching program. The 3% of $1000 will be $30 which will be contributed by the employer per paycheck.
Therefore, Justin will contribute $50 and his employers of his will be assigned to pay $30 of $1000 due to his decision on the contribution of paychecks.
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