when auditing the existence assertion for an asset, auditos proceed from the General ledger back to the supporting original transaction documents.
An auditor is a person qualified to examine and confirm the accuracy of financial documents and guarantee that businesses obey tax regulations. A person must be certified by the accounting and auditing regulatory body or meet specific requirements in order to practice as an auditor. A regulatory authority certificate of practice is typically required for someone to serve as the company's external auditor. Assertion made by businesses about the fundamental truth of the data in their financial statements are known as financial statement assertions. A company's public declaration that the data it is providing is accurate is known as a financial statement claim.
In order to verify the accuracy of the data on the balance sheets, income statements, and cash flow statements, assertions are made.
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The complete question is :
When auditing the existence assertion for an asset, auditors proceed from the a. Financial statement amounts back to the potentially unrecorded items b. Potentially unrecorded items forward to the financial statement amounts c. General ledger back to the supporting original transaction documents d. Supporting original transaction documents to the general ledger
Which of the following statements accurately describes a firm's resource flow?
A.It is the firm's level of investments to maintain or build a resource.
B.It is the firm's current level of intangible resources.
C.It is the firm's current level of tangible resources that are common to other firms.
D.It is the firm's level of expertise to efficiently deploy a valuable resource
The statement that describes a firm's resource flow is "It is the firm's level of investments to maintain of build a resource."
We investigate whether firm-level investments in physical capital provide a potential pathway for less productive enterprises to enter export markets using firm-level data from two particular African nations. Our results show that non-exporters that invest in physical capital improve their likelihood of changing their status from non-exporter to exporter. We also show that firm-level investment is connected with higher productivity growth among exporters. As a result, we underline that firm-level investments in physical capital help non-exporters boost their chances of entering export markets and provide new exporters the chance to expand quickly and be around for a long time. Larger companies utilize more trade credit and have larger leverage ratios (both short- and long-term).
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tala operates sunshine event planning as a sole proprietorship. lately, tala has become dissatisfied with her employee, leon. leon continually refuses to follow directions, calls in late to work, and generally is not performing up to tala’s standards. before tala can fire leon, she must obtain approval from:
If tala has become dissatisfied with her employee, leon. leon continually refuses to follow directions, calls in late to work, and generally is not performing up to tala’s standards. before tala can fire leon, she must obtain approval from: A. no one.
What is sole proprietorship?A sole proprietorship can be defined as a type of business that is own by one person in which the person is the main decision maker of the company and he/she is responsible for any profit and loss incurred from the business.
Based on the scenario tala is the a sole proprietorship which implies that tala is the only owner of the business, this means that she is the only person that have says over the business and she can fire and hire anybody. Hence she does not need to obtain approval before firing her employee from anybody because she is the sole owner of the business.
Therefore the correct option is A.
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The complete question is:
Tala operates Sunshine Event Planning as a sole proprietorship. Lately, Tala has become dissatisfied with her employee, Leon. Leon continually refuses to follow directions, calls in late to work, and generally is not performing up to Tala’s standards. Before Tala can fire Leon, she must obtain approval from:
a. no one.
b. the partners of Sunshine Event Planning
c. the Board of Directors of Sunshine Event Planning.
d. the shareholders of Sunshine Event Planning.
When external costs are present in a market?
More of the good will be produced than is necessary for economic efficiency when external costs are present in the market.
In order to serve each person or entity in the best possible manner while minimising waste and inefficiency, economic efficiency implies an economic state. In microeconomics, economic efficiency is the condition that demonstrates optimal resource allocation, the lowest production cost, and the highest possible result.
To put it another way, it also shows that there is neither over production nor under production. Access to health care, equal opportunity, and sufficient household income are essential elements of economic efficiency.
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along with a list of its long-term goals, emerson coates sends over the company's strategic plan, and you begin a detailed review. you quickly notice that there are some elements of the plan that really don't belong there.
If you quickly notice that there are some elements of the plan that really don't belong there. The elements you will choose to retain is: A. The company's plan to grow sales to exceed $10 million per year within the next 5 years.
What is strategic planning?Strategic planning can be defined as the techniques which a company or an organization make use of when planning on how to achieve their set goals.
Choosing the company plan to grow sales is the element you should tend to retain based on the fact that the strategic plan help to reflects the company priorities as well as the step the company need to take so as to achieve their strategic goals.
Based on this the plan to grow sales to exceed $10 million per annum within the next five years is a strategic goal that the you should retain.
Therefore the correct option is A.
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The complete question is:
Along with a list of its long-term goals, Emerson Coates sends over the company's strategic plan, and you begin a detailed review of the plan. You quickly notice that there are some elements of the plan that really don't belong there.
Which of the following elements will you choose to retain?
A. The company's plan to grow sales to exceed $10 million per year within the next 5 years*
B. The company's plan to replace store managers at underperforming stores
C. The company's plan to increase efficiencies through the use of wireless technology
When expenses are greater than the potentially increased sales from segmentation, a firm should ______.
Answer: not attempt to segment it’s market
Explanation:
Which of the following statements is consistent with evidence-based decision making? Check all that apply.
a. Evidence-based decision making encourages questioning assumptions.
b. Knowing what you don’t know is as important as knowing what you do know.
c. Managers should make choices that support past decisions.
d. Evidence-based decision making uses opinions and intuition to provide a rationale for decisions.
Evidence-based decision-making encourages questioning assumptions
Applying empirical information and research-supported principles to decisions made at the case, agency, and system levels of the justice system are known as evidence-based decision-making (EBDM). Questioning Assumptions are untested beliefs that we have without even realizing them. Our assumptions, also known as inferences, are frequently founded on presumptions that we haven't given careful consideration to.
Evidence-based decision-making encourages professionals to carefully consider their plans before executing them, lowering the possibility of making rash choices. In order to understand the impact employee recognition had on workers, the manager would use the EBDM approach to encourage questioning to seek out the experience of other HR managers who had employed it. The manager could look for information about the effectiveness of employee recognition programs in academic studies.
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if a proposed change to a project does have merit, what must the project manager do in the change control process?
If a modification to a project is warranted, the project manager must conduct research and follow the change control process.
How can the project manager monitor and regulate project changes?A change management strategy is frequently used as part of change control to guarantee that a project is completed despite potential changes in conditions or procedures. A project manager is in charge of gathering, analyzing, and submitting change requests, as well as making sure the project effectively accommodates any changes that are granted.
Is the project manager only in charge of change management?The project manager may also assume the responsibilities of a change manager when handling a minor change as part of or in conjunction with a project. However, hiring a skilled change manager might enhance your outcomes even further if you are handling significant changes.
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Which of the following best defines a change analysis survey?
Answer:
It is a kind of job hazard analysis in which we can elaborate that, This is a technique that is concerned with the kind of job tasks. As to identify various hazards before they can occur. It also focuses on the kind of relationship between every worker, task, tool, and work for a suitable environment.Effective Risk management, conducted for a change analysis survey includes various steps such as :Select the best kind of Job to Analyzechoose Job Task Breakdownalways Identifying various HazardsDevelopment of Preventative kind of MeasuresEvery Document and Communicate Job Hazard Analysis should be found.The worksite analysis is defined as managers and employees, always analyzing every work site condition to identify.Know More about change analysis survey:
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assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and checkable deposits are the only form of money. a bank that received a new checkable deposit of $10,000 would be able to extend new loans up to a maximum of a. $2,000. b. $8,000. c. $9,000. d. $10,000.
Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent. a bank that received a new checkable deposit of $10,000 would be able to extend new loans up to a maximum of $8000
What is the banking system?Generally, A collection or network of organizations that work together to provide banking services is known as a banking system.
Commercial, national, and investment banks are the primary components of the most important categories of banking systems. Credit unions are often included in the definition of a banking system as well.
Reserve required = 20%, A commercial bank would retain reserves equal to twenty percent of one hundred thousand dollars, which is two thousand dollars.
Therefore, a commercial bank is unable to utilize the sum of $2000 for the purpose of loan creation.
A commercial bank has a lending capacity of = $10,000 minus $2,000, which is equal to $8000.
As a result, the amount of the loan that might be created is a maximum of $8000.
The appropriate response, therefore, is a. $8,000
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the models that economists construct: question 1 options: a) usually make simplifying assumptions. b) there is no correct answer. c) rarely use mathematical equations or graphs. d) often rely on physical constructs, such as those used by architects.
The models that economists construct usually make simplifying assumptions.
What is economists?
A specialist in economics examines the connection between such a society's resources and its output or production. Economists research a variety of social systems, including local communities, entire countries, as well as the global economy. A wide range of policies, such as interest rates, tax codes, employment programmes, international trade agreements, as well as corporate strategies, are shaped in part by the expert judgement and research findings of economists. An economist's responsibilities are incredibly diverse. analyse data utilising mathematical models, statistical methods, and software; present research findings in reports, tables, and charts; conduct surveys and collect data. interpret and predict market trends, provide economic advice to businesses, governments, and individuals, and suggest fixes for economic issues; write content for scholarly publications and other media.
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Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes
This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.
What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.To learn more about engine technology refer
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When a dairy company purchases information about people’s yogurt and milk buying behavior from national purchase diary panel, it is acquiring a form of.
When a dairy company purchases information about people’s yogurt and milk buying behavior from national purchase diary panel, it is acquiring a form of syndicated secondary data.
When a third party organisation creates, manages, and tabulates the data in an effort to sell the report and information to numerous clients, that process is known as syndicated research data. End-user businesses purchase "access" to the study, which enables them to view the data relevant to their market, compare it to other data, and trend the data.
Syndicated research may ultimately benefit a business's offerings, enabling it to get more customers. Syndicated research also enables brands to identify market trends. Syndicated research data can help brands identify who their main rivals are, including whether they are regional, international, small- or large-scale firms, thanks to the bigger sample size.
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average inventory is computed as a.(inventory at the beginning of the period inventory at the end of the period) ÷ 2. b.(inventory at the beginning of the period inventory at the end of the period) ÷ 365 days. c.(inventory at the beginning of the period − inventory at the end of the period) ÷ 365 days. d.(inventory at the beginning of the period − inventory at the end of the period) ÷ 2.
(inventory at the beginning of the period + inventory at the end of the period) ÷ 2. Thus, option A is correct.
What is an Inventory?Inventory can be defined as the stock or the product that the company has. This can either be a raw material or a finished product. And inventory is an asset to the business. And is mentioned in the balance sheet also.
An average inventory will be calculated by the some of the inventory which is present at the beginning and the inventory which is present at the end of the period which whole will be divided by 2.
Therefore, option A is the correct option.
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Which of the following accounts is considered a prepaid expense?
a. Utility expense
b. Wages expense
c. Supplies
d. Accounts payable
Utility expense is considered as prepaid expense as the amount of this is paid before using the service.
An expense that has already been paid but has not yet been incurred is considered to as a prepaid expense. Whenever a business makes payouts for goods or services that will be delivered in the future, the outcome is a prepaid expense, which is recorded as an asset on a company's balance sheet.
While initially recorded as assets, prepaid expenses ultimately have their value expensed onto the financial statements. The prepaid expense is distinct from other expenditures in that the company will benefit from it over course of multiple financial years. There various examples of prepaid expenses are- utility expenses, taxes, salaries etc.
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Answer: Supplies
Explanation: the other answer on here got me a wrong answer and the site showed me the correct answer, which was Supplies!
what two items should be considered as part of total logistics cost? multiple select question. order processing marketing research sales promotion costs materials handling and warehousing
Materials handling and warehousing, and order processing should be considered as part of total logistics cost.
What is logistics?
In general, logistics refers to the meticulous planning and execution of a complex operation. In a broad sense, logistics manages the movement of goods from the point of production to the point of consumption to satisfy the needs of clients or businesses. In logistics, resources can be managed in the form of consumables like food and other consumables as well as tangible goods like materials, equipment, and supplies. Since an army without resources as well as transportation is defenceless, logistics in military science is concerned with preserving army supply lines whilst also disrupting those of the enemy. Since the modern military does have a significant a need logistics solutions, sophisticated implementations have been created. Military logistics was already practised in the ancient world.
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What can one do to combat using the emotional brain when making financial decisions?
Answer:
not to be controlled by making financial decisions Know when to move on. Be aware of the “I deserve it” mindset. Take a deep breath. Define your requirements. Set financial goals. Surround yourself with the right people.
Explanation:
hope it helps have a nice day with apples)
In which situations do governments intervene to prevent prices from rising above or falling below their equilibrium levels?
The situations where governments intervene to prevent prices from rising above or falling below their equilibrium levels are as follows:
1. Prices are too high for customers.
2. Prices are too low for firms.
Equilibrium levels refer to the levels where the demand and supply are balanced in an economy. The equilibrium price is applied in a situation where the demand for a product equals the supply of the product.
If this equilibrium level is changed due to any shift in the demand or supply curves, the prices of the commodities might fluctuate. The prices can become too high for the consumers if the demand is more than the supply. The prices can become too low for the firms if the supply is more than the demand for the product.
Thus, the government intervenes at this level to create a balance in the economic state of the nation and prevents inflation or deflation.
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All of the following conditions should make you suspect shock, EXCEPT? A. anaphylaxis. B. spinal injury. C. severe infection. D. ischemic stroke.
With the exception of ischemic stroke, all of the following symptoms should raise the ischemic stroke.
Common brain disorders like ischemic stroke have a significant negative impact on patients' quality of life. This study sought to assess the effects of standardized health education on patient symptoms management satisfaction and the caliber of clinical management services in ischemic stroke patients. Methods. The study's target population consisted of 220 ischemic stroke patients. By using an odd-even number draw lot method, the research objects were randomly split into control and education groups.
On the basis of the control group, the education group got standardized health education. The control group had conventional treatment. On patient management symptoms satisfaction and the caliber of clinical management services, the effect of the implementation of standardized health education in patients with ischemic stroke was examined. Results.
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Why would the physical count of inventory be different than what is shown in perpetual inventory records?
The periodic inventory system uses a periodic physical count to gauge inventory levels and selling prices. The perpetual system continuously monitors inventory levels, updating them anytime a product is received or sold.
A perpetual inventory system is a kind of inventory control that continuously logs in real-time the quantity of inventory bought or sold using business software or other technological tools, like a point of sale.
In a permanent system of inventory, revisions to the cost of products sold or received journal entry would involve promptly debiting accounts receivable and crediting sales. The perpetual system of inventory has one advantage over the periodic system of inventory: it guarantees the accuracy of the inventory account balance at all times, assuming no spoilage, theft, etc. The cost of items sold also affects the periodic system of inventory.
Consequently, both periodic and permanent
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True or False does the law of diminishing marginal utility predicts the consumption behavior of addicts quite well.
It is a false statement that the law of diminishing marginal utility predicts the consumption behavior of addicts quite well.
What is the law of diminishing marginal utility?In economics, law of diminishing marginal utility states that the marginal utility from each additional unit often declines as consumption increases and that as the marginal utility decline into negative utility, it may also become entirely unfavorable to consume another unit of any product.
So, when the consequences may increase with each portion consumed, thus, an addict is likely to continue consuming. Therefore, the statement is a false statement.
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Alfonso has been invited to attend his first sales meeting and wants to be an active and productive member from the very beginning. What should he do to make a good impression?
First sales meeting and wants to be an active and productive member from the very beginning to make a good impression Come prepared to the meeting by doing any preliminary work required.
Productivity is a measure of how efficiently anything is produced, whether it be a good or a service. Measurements of productivity are frequently represented as a ratio of an aggregate output to a single input or an aggregate input used in a manufacturing process, or output per unit of input, usually over a given time period. The production performance of businesses and countries is greatly influenced by productivity. Preliminary Works includes any creative effort, such as concepts, sketches, graphic presentations, A preliminary notice, as used in mechanics lien law, is a letter delivered to a party by the general contractor, subcontractor, suppliers, equipment lessors, or other parties.
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Which of the following statements regarding adjusting entries is true?
a. Adjusting entries are made at the beginning of the accounting period.
b. Adjusting entries do not affect the income statement.
c. An adjusting entry involves both a revenue and an expense.
d. Adjusting entries do not involve the cash account.
The following claims about adjusting entries are accurate. Adjusting entries do not involve the cash account.
No monetary account is used for adjusting entries. On the final day of the accounting period, adjusting entries are often entered. These entries cash account show the matching of income and expenses from the operating period in Adjusting entries general.
According to the matching principle in accounting, adjustments must be made at the conclusion of each fiscal period to bring revenues and Adjusting entries expenses into alignment with the "correct" period. Generally speaking, accruals and deferrals are the two sorts of adjusting cash account journal entries. Prior to the publication of financial statements, adjusting entries are recorded.
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Service providers must offer cues to help their customers experience and perceive their service more positively because the service is?.
Service providers must offer cues to help their customers experience and perceive their service more positively because the service is intangible in nature.
Service providers:
A service provider is an organisation that provides services to other organisations such as consulting, legal, real estate, communications, storage, and processing. Although a service provider can be a division of the organisation it serves, it is more often than not a third-party or outsourced supplier.
A service provider (SP) is an organisation that provides services to other organisations such as consulting, legal, real estate, communications, storage, and processing. Although a service provider can be a division of the organisation it serves, it is more often than not a third-party or outsourced supplier. Telecommunications service providers (TSPs), application service providers (ASPs), storage service providers (SSPs), and internet service providers are some examples (ISPs).
IT professionals may distinguish between service providers by classifying them as type I, II, or III. The three service types are recognised by the IT industry, despite being specifically defined by ITIL and the 1996 Telecommunications Act of the United States.
So, the service is intangible in nature.
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Eexpert power is derived from the ability to assemble and organize information to support the desired position, arguments, or outcomes.
a. True
b. Fals
It is false that expert power is derived from the ability to assemble and organize information to support the desired position, arguments, or outcomes.
Those considered to have attained some amount of orders and skill of precise data are granted expert power. It involves the capacity to allocate, distribute, or withhold resources. It stems from holding a particular job, office, or position in an organizational hierarchy. It derives from the ability to gather and organize information in order to assist the desired state, assertions, or outcomes.
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assume a basket of food costs $200 in the base year and one year later the same goods cost $210; the price has increased by $ 10 from a base of $200 or %.
There is a 5% increase in the price of food basket from the base year to the current year
Cost of a basket of food in the base year = $200
The price of a food basket a year later = $210
Increase in price from base year = Cost of the food basket a year later - Cost of the food basket in the base year
= 210-200
The formula for percentage increase is given:
Percentage increase = Increase in price from base year/Cost of a basket of food in base year*100
Substituting the values in the formula we get the following:
= 10/200*100
= 0.05*100 = 5%
So, the percentage increase is 5%
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the customer contact approach holds that:
The customer contact approach holds that a low‑contact service operation can operate more efficiently than a high‑contact service.
According to the customer contact approach, the potential operating efficiency of a service system is a function of the degree to which the consumer is in immediate communication with the service facility in relation to total service creation. According to the customer contact approach, a low contact service operation can be more efficient than a high contact service. Low-contact customer service is distinguished by a lack of personal contact with clients. low-touch customer service is mainly done by machines or supplied by vending machines.
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What type of knowledge-based decision making is often necessary when a decision is based on tacit knowledge or have significant intangible aspects?.
Operational decision-making is the form of knowledge-based decision-making that is often required when a choice is based on tacit knowledge or contains large intangible components.
Below, this is further discussed.
What is tacit information?In general, knowledge-based decision-making is a process that makes use of predetermined criteria to assess and ensure the best resolution for a particular problem.
This management technique for making decisions is referred to as KBDM. By first identifying the thought process and the basis for a conclusion, the KBDM approach is utilized to come at decisions.
Tacit knowledge is information you have acquired via direct experience, whether it is in your personal or professional life. It often exhibits subjectivity, informality, and communication difficulties since it is influenced by our own thoughts and values.
As a result, operational decisions are those that are more often modified in response to the current internal and external circumstances. Usually, the effects of these choices don't endure more than a year, or perhaps a day at most.
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Why does the united states have limited to no trade with countries like cuba and venezuela?.
A Cold War Act that outlawed aid to Cuba and gave the President the power to impose a total commercial embargo against the country was approved by Congress on September 4, 1961, in part as a response.
Cold War Act:
A period of geopolitical tension between the United States and the Soviet Union, as well as its respective allies, the Western Bloc and the Eastern Bloc, is usually referred to as the Cold War. The Truman Doctrine's proclamation on March 12, 1947, and the Soviet Union's demise on December 26, 1991, are usually regarded as the start and end points of the time period, however historians do not completely agree on these dates. Although there was no significant direct combat between the two superpowers during the period known as the cold war, both sponsored significant regional battles known as proxy wars.
The conflict was based around the ideological and geopolitical struggle following their temporary alliance and victory against Nazi Germany and Imperial Japan in 1945, these two superpowers vied for global influence.
As a result, the united states have limited to no trade with countries like cuba and venezuela.
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which distinct business practice that developed in the second industrial revolution is described in the above image? responses horizontal integration horizontal integration pooling pooling vertical integration vertical integration joint-stock corporation
The antithesis of vertical integration, which occurs when businesses combine several manufacturing stages from a few different production units, is horizontal integration.
What is horizontal integration in Business ?
The creation or acquisition of manufacturing units by a corporation producing similar outputs that are either complementary or competing One instance would be when a business buys rivals operating at the same stage of the manufacturing as it.
Another illustration is the administration of a collection of similar goods with varying quality, complexity, and price points. By utilizing economies of scale, this method may lessen competition and gain market share. For instance, a vehicle maker purchasing its rival that performs the same activity.
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I am doing a project in Agriculture that requires coming up with a 'lesson plan' about decision-making. I am going to be teaching how to make decisions based on agribusiness. Does anybody have any ideas on what activities or teaching things I should add?
Project for agriculture highlights the significance of agriculture and meals manufacturing to livable communities. It establishes a public coverage framework to help agricultural monetary improvement and to shield and preserve farmland for modern-day and destiny generations.
What are the matters which you have discovered from agricultural crop manufacturing. After independence, the subsequent 3 essential techniques had been followed right away after independence for agricultural improvement: Switching from coins vegetation to meals vegetation. Crop depth on formerly cultivated land. To boom cultivable land via way of means of bringing fallow and cultivable barren region below cultivable land
In particular, the Strategy goals to gain the subsequent: Economic Objectives:
Provide appropriate surroundings for the non-public zone to successfully take part in agricultural improvement. Increase funding withinside the agricultural zone. Enhance integration among plant and animal manufacturing.Learn more about agricultural monetary here:
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