When control risk for the existence assertion is assessed at a high level, which of the following is a likely effect with respect to the auditors' confirmation of receivables?
Multiple Choice
1 The account balances as of year-end will generally be confirmed.
2 The auditors will in general use blank rather than positive confirmation requests.
3 The auditors will be required to confirm accounts as of an interim date (during the year under audit) and as of year-end.
4 Confirmation will not in general be used as the auditor will rely primarily upon support such as vendors' invoices, purchase orders and receiving reports.

Answers

Answer 1

Effect with respect to the auditors' confirmation of receivables like The account balances as of year-end will generally be confirmed.

What are control risks?Control risk is the possibility of a major misstatement in a company's financial statements as a result of the absence of pertinent internal controls to mitigate a specific risk or the failure of the internal controls already in place.Control risk is the possibility of a material misstatement as a result of controls that fail to reduce a mistake. Control risk is an illustration of cybersecurity risk. Control risk is the possibility that the company's internal controls won't promptly prevent or identify a major misstatement that could arise in an assertion due to fraud or error, either alone or in conjunction with other misstatements, which could be material.

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Related Questions

the above payoff matrix is for two players, each with two strategies. what is the nash equilibrium of this game?

Answers

At mixed strategy Nash equilibrium both players should have same expected payoffs from their two strategies as shown above. At mixed strategy Nash equilibrium both players should have same expected payoffs from their two strategies.

What is Nash equilibrium?

The concept of Nash equilibrium was developed by American mathematician John Nash. It is regarded as one of the most crucial ideas in game theory, which seeks to rationally and mathematically decide what steps players in a game should take to get the greatest possible results for themselves.

Nash equilibrium is regarded as a key idea in game theory because of how widely it may be used. From economics to the social sciences, a wide range of fields can use the Nash equilibrium.

By disclosing each player's plan to the other players, you can quickly determine the Nash equilibrium or determine whether it even exists. If no one modifies their approach, the Nash equilibrium is established.

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ellis-clay is replacing a machine that has worn out. the replacement machine will not impact sales or operating costs and will not have any salvage value at the end of its five-year life. the firm has a tax rate of 22 percent, uses straight-line depreciation over an asset's life, ignores bonus depreciation options, and has a positive net income. given this, which one of the following statements is correct?

Answers

Your total cost of production is the sum of your fixed costs multiplied by the quantity you produced. After doing this, you will be paid your total fixed cost.

What Are Fixed Costs?No matter how well your company performs, fixed costs cannot be altered. No matter how much you produce or how much you sell, your company's overall fixed costs will remain constant.Fixed costs are the essential outlays that keep your company afloat. If you're seeking for strategies to increase your company's profitability right away, look elsewhere else since these costs can't be modified in the near future.Whether your business is experiencing great success or financial difficulties, fixed costs will mostly remain the same. Fixed costs don't change as production or sales change. Consider these as what you must pay, regardless of whether you sell any goods or services.

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an employer reimburses 100% of an employee's monthly parking for a parking space near the employee's work site. the parking fees are $281.00 per month. calculate the monthly taxable amount of the parking reimbursement.

Answers

$281.00 - $255.00 = $26.00 The excluded benefit is limited up to $255 per month in 2016 is excluded from income for qualified parking provided by the employer

What is income?

Income is the money that an individual or organisation receives in return for their services or goods. Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions.

For the majority of people, their total earnings include their wages and salaries, investment returns, pension payments, and other receipts. For businesses, income refers to the money made from selling goods and services as well as any interest or dividends paid on the company's cash holdings and reserves.

Different definitions and methods of calculating income are used by economists. No matter what subjects or subtopics they are studying in terms of income, savings, consumption, production, public finance, or other related subjects,

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Enercio contributes $156,200 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. In 2016, a the LLC generates $124,960 of ordinary taxable income, Enercio withdrew $15,620 from the partnership during 2016. If an amount is zero, enter "0". Enercio is taxed on what amount of the LLC's 2016 income? How much of the $15,620 will Enercio be taxed?

Answers

The amount of tax that LLC's 2016 is $49,984. And in the $15,620 of Enercio there's no tax, because it is considered simply a casual withdrawal by Enercio from the partnership.

Tax is an imposition of value or a fee levied by any government on a person or organization to collect revenue for public works that provide the best facilities and infrastructure. The funds collected are then used to fund various public expenditure programs.

From the partnership income of $124,960, Enercio will be taxed his full 40% of the income. Thus, the tax that he should pay is

Tax = 0.4 x $124,960 = $49,984.

Thus, the amount of tax that LLC's 2016 is $49,984.

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FILL IN THE BLANK. in search engine marketing, the___ of the ad describes how useful an ad message is to the customer doing the search.

Answers

In search engine marketing, the relevance of the ad describes how useful an ad message is to the customer doing the search. Therefore option D is correct.

What is a Search Engine?

A software program used to do web searches is known as a search engine. They conduct systematic searches of the World Wide Online for specific data that is defined in a text-based web search query. Typically, the search results are displayed as a list of outcomes, also known as search engine results pages.

Search engines also retain real-time information by running an algorithm on a web crawler, in contrast to online directories and social bookmarking sites, which are maintained by human editors.

Therefore option D is correct.

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Your Question was incomplete but most probably your question was.

FILL IN THE BLANK. in search engine marketing, the___ of the ad describes how useful an ad message is to the customer doing the search.

1) impression

2) ROMI

3) click-through rate

4) relevance

you get a phone call from someone telling you they are from the irs and they are sending the police to your house now to arrest you unless you provide a method of payment imme- diately. what tactic is the caller using?

Answers

The caller is employing this strategy Pretexting

The use of a bodily characteristic as a form of authentication is known as biometrics. Smishing is the practice of collecting information from people through short messaging service (SMS/texting).

Briefing:-

There isn't much to rogue access. Pretexting is the process of creating a plausible narrative to use as cover for a social engineering attack.

Which of these would be a pretexting example?

You might be using a few different social engineering techniques if you send an email pretending to be a former coworker. You are utilizing pretexting because you have a justification and a method for deceitfully gathering information.

What does a Deauthentication assault aim to achieve?

DE authentication - When an attack spoofs your MAC address, it instructs your wireless network to disconnect you from the network. This is known as a reauthentication assault. Attackers may stage evil twin or man-in-the-middle assaults via a reauthentication technique.

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Abigail runs a small business of 55 employees. She is working hard to find a way to provide health benefits to all her employees by 2016 to be in compliance with __________.
the Family Medical Leave Act
Social Security
the Affordable Care Act
Medicare

Answers

The affordable care act is health benefits to all her employees by 2016 to be in compliance.

Health benefit:

According to the concept of economic, health benefit  means for individuals, employers, and society at large to manage costs related to health care.

Given,

Abigail runs a small business of 55 employees. She is working hard to find a way to provide health benefits to all her employees by 2016 to be in compliance.

While we looking into the given question, she needs a way for the employee health benefit, for that one we have to use the affordable care act law.

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Williams Company plans to issue bonds with a face value of $607,000 and a coupon rate of 4 percent. The bonds will mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds are sold on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the issuance price of the bonds assuming an annual market rate of interest of 4 percent.

Answers

Based on the face amount of the bond and  prevailing market interest rates, the issue price of the bond is $600,000.

What is interest rate?Interest rate refers to the amount of interest  per period associated with an amount lent. The total interest on the amount lent or borrowed depends on the principal amount, the interest rate, the frequency of compounding interest, and the length of the term of the loan, deposit or borrowing. For example, if he borrows $100 at an interest rate of 5%, he will return $105  to the lender who borrowed the money. The lender makes him $5 in profit. There are different types of interests that you may encounter throughout your life. Each loan has its own interest rate, which shows how much you actually took. Appropriate personal loan interest rates depend on your credit rating.740 and above: Less than 8% (look for good credit ratings) 670 to 739:About 14% (look for  good credit) 580-669.

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the following information pertains to ranchero company. 1. cash balance per books, august 31, $7,364. 2. cash balance per bank, august 31, $7,328. . outstanding checks, august 31, $686. august bank service charge not recorded by the depositor $38. 5. deposits in transit, august 31, $2,700. in addition, $2,016 collected for ranchero company in august by the bank through electronic funds transfer. the accounts receivable collection has not been recorded ranchero company. (a) prepare a bank reconciliation at august 31, 2022. (list items that increase balance as per bank

Answers

According to the given question The reconciliation at august 31, 2022 is

$7,328.

In the Bible, what is reconciliation?

Reconciliation is a Greek phrase that essentially means to entirely alter. According to Colossians 1:20–22 of the Bible, despite the fact that sinners' evil deeds have made them enemies of God and in their own minds, God has made restitution by the death of Jesus.

Briefing:

As of August 31, each bank had $7,328 in cash.

2. The depositor failed to report the July banks service charge $38.

3. The cash amount as of July 31 was $7,364.

4. Transit deposits ($2,700), as of July 31.

5. The bank received $2,016 from Lancer Company in July via electronic money transfer. The Lance Company has not recorded the collection.

6. $686 in unpaid checks as of July 31.

The following details concern Lance Compan.

The following details concern Lance Compan.

1. Construct a bank reconciliation as of July 31, 2017.

CHANGES TO THE CASH BOOK

as of the cash book's balance

.........7,364

Transferred-funds receipt

Two thousand sixteen bank charges

...................................(38)

Cashbook Adjusted Balance Bank reconciliation statements totaling 9,342

Balance according to the revised cashbook: 9,342

Incorporate: Unpresented Checks

......................686

Uncredited Deposits are less.

As of the most recent bank statement, the balance was 7,328.

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Mega Screens, Inc., reports net sales of $3,200,000, cost or goods sold of $2,000,000, and income tax expense of $150,000 for the year ended December 31, 2015. Selected balance sheet accounts are as follows: Required: Calculate cash received from customers, cash paid to suppliers, and cash paid for income taxes. Cash received from customers Cash paid to suppliers Cash paid for income taxes

Answers

Cash Received from Customers = Sales + Decrease or - Increase in Accounts Receivable. Cash Paid to Suppliers = Cost of Goods Sold + Increase or - Decrease.

The character earnings tax is a tax levied on the wages, salaries, dividends, hobbies, and other earnings a person earns throughout the yr. The tax is generally imposed by way of the nation wherein the income is earned.

An profits tax is a tax imposed on people or entities in appreciation of the profits or income earned with their aid of them. profits tax generally is computed because the made from a tax charge instances the taxable income. Taxation quotes may additionally vary by using the kind or characteristics of the taxpayer and the form of income.

Income tax, is a levy imposed on people and agencies. individual profits tax is computed on the premise of profits obtained. it is also classified as a direct tax due to the fact the weight is presumably on the folks who pay it.

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which of the following statements about the statement of cash flows are correct? (check all that apply.)

Answers

The following statements about the statement of cash flows are correct.

It is a detailed disclosure of individual cash flows.The purpose is to report cash receipts and cash payments during a period.

The correct options are A and C.

Why is separate disclosure of cash flow?

Separate disclosure of cash flows from investing activities is important because it represents the amount of money spent on resources that will generate future income and cash flows.

Cash flow is a measure of how much money a company brought in or spent over time. On the statement of cash flows, a common financial statement, cash flow is typically broken down into cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.

Thus, the ideal selection is options A and C.

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Your Question seems incomplete most probably Your complete Question was:

Which of the following statements about the statement of cash flows is correct? (Check all that apply.) Check all that apply. It is a detailed disclosure of individual cash flows. In certain circumstances, it can replace the statement of retained earnings. The purpose is to report cash receipts and cash payments during a period.

income bonds pay interest only if the issuing company actually earns the indicated interest. thus, these securities cannot bankrupt a company, and this makes them safer from an investor's perspective than regular bonds.

Answers

This is a false statement because income bonds cannot make an investor safer from being bankrupt.

An income bond is a kind of debt security whereby only the face value of the bond is promised to be paid to the investor, with the condition that any coupon payments are paid only if the issuing firm has enough earnings to pay for the coupon payment. It means that income bonds pay interest only if the issuing firm or investor actually earns the indicated interest, but it does not mean that it provides a company or investor with a guaranteed safety from being bankrupt.

Thus, the given statement is false because income bonds may cause an investor to go bankrupt.

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On january 1, 2024, splash city issues $460,000 of 8% bonds, due in 15 years, with interest payable semiannually on june 30 and december 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $422,536. Required: 1. Complete the first three rows of an amortization schedule

Answers

On Gregorian calendar month one, 2021, Splash town problems $460,000 of 8 May 1945 bonds, due in fifteen years, with interest collectible biyearly on June thirty and New Year's Eve|day every year.

Assumptive the market charge per unit on the problem date is Sep 11, the bonds can issue at $422,536

Splash City Journal entries

January 01, 2021

Debit money of $460,000  

Credit Bonds collectible $460,000  

(To record supply of bonds )  

June 30, 2021

Debit Bond expense of $18,400  

  Credit money  $18,400

      (8%/2×$460,000 )

(To record Interest on bond paid)

December 31, 2021

      Debit Bond expense of $18,400  

                      Credit money  $18,400  

(To record Interest on bond paid)

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when countries with small starting levels of capital reap large benefits from increased capital, allowing these countries to grow faster than countries with abundant capital, which of these has occurred? please choose the correct answer from the following choices, and then select the submit answer button. answer choices productivity diminishing returns to capital catch-up effect increasing returns to capital

Answers

Economic Factors is Long-term growth in the physical capital stock boosts the economy's overall productive capacity by enabling the production of more goods and services with the same amount of labor and other resources.

What Is  U.S.  Economy to Business Investment? Business investment refers to outlays made by for-profit organizations and private companies for tangible assets used to generate goods and services. Equipment (such as machinery or computers), structures (such as offices or warehouses), and intellectual property (such as software development or research & development) are the three main categories of physical capital. Businesses can enhance their stock of physical capital through investment, which expands their ability to generate goods and services. For instance, adding a second grill to a restaurant enhances its ability to prepare food at any given time. Physical capital must eventually be replaced as it degrades over time due to wear and tear, a process known as depreciation, and becomes less productive over time.A business must make fresh investments if it wants to continuously enhance its stock of physical capital and, by extension, its productive capability.Physical capital depreciates more quickly than its existing physical capital. The same is true for the economy as a whole: For the stock of physical capital in the economy to rise, the rate of investment must be higher than the rate of decline in physical capital.

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What are the effects of trade protectionism?.

Answers

Trade protectionism leads to a better balance of trade and the protection of industries, but it also leads to a lack of choice

Trade protectionism is the economic practice of limiting imports from other nations using tools like import tariffs, import quotas, and a number of other governmental regulations. Protecting domestic industry from unfair foreign competition is the goal of trade protectionism. The possibility of an improved trade balance and the protection of homegrown growing sectors are benefits of trade protectionism.

However, protectionism also has its drawbacks. Inefficiencies in the economy and a lack of consumer choice are drawbacks. Other nations' retribution is another concern for countries. From an economic sense, trade protectionism is ineffective. According to the theory of comparative advantage, it is more effective for a nation to concentrate its production on the items for which it has a production advantage and import the ones for which it does not.

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How can failure as an entrepreneur be handled?.

Answers

Retaining the knowledge you gained from experiencing that failure. To create a more complex marketing strategy and business model, conduct market research.

How do business owners deal with issues?

As a result, when faced with a difficult choice or a challenging circumstance, an entrepreneur defers to the expertise of others and enlists their assistance in order to resolve the issue as quickly as feasible.

They Respect Their Weaknesses. Failure serves as a learning opportunity for those with strong mental faculties. They attempt to be honest rather than deny or cover up their flaws. Their self-awareness and humility help them create plans for improvement.

Strategies for overcoming failures in life

Failure shouldn't make you feel threatened, and it's okay to feel bad.Create Healthy Habits to Maintain Your Health.Take Reasonable Responsibility for Your Failure. Avoid Developing Bad Habits.Learn about yourself.Keep looking forward and be inspired by failures that resulted in success.

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The style of pottery known as _____ is important for the African diaspora because it was often made by enslaved individuals, and later rejected following emancipation.

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The style of pottery known as Colonoware is important for the African diaspora because it was often made by enslaved individuals, and later rejected following emancipation.

Colonoware is a low-fired pottery tradition that is primarily found in the southeastern United States. It has been associated with indigenous peoples, enslaved peoples, and low-income diaspora in the American colonies from the seventeenth to the nineteenth centuries. Thirteen pieces of 18th century colonoware with folded strip roulette decorations were discovered in Charleston, South Carolina. Created colonoware of this pottery style in the United States from colonial America until the 19th century. Around 2000 BCE, roulette-decorated pottery most likely originated in West Africa and the northern region of Central Africa.

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On july 1, scene co. Borrowed $15,000 cash from first bank by signing a 30-day, 5% interest-bearing note. Scene will record this entry with a credit to notes payable in the amount of

Answers

Record this entry with a credit to notes payable in the amount of $ 15000.

How do you record a journal entry for notes payable?Because your cash grows after the loan is received, you would debit your cash account in the amount of $50,000 for the first journal entry. To record the loan, you will also credit notes due. There is always interest on payable notes, which must be documented individually.If your organization borrows money through a note payable, debit the cash received and credit the debt to the Notes Payable account. You will debit your Notes Payable account and credit your Cash account when you repay the loan.

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Record this entry with a credit to notes payable in the amount of $ 15000.

How do you record a journal entry for notes payable?Because your cash grows after the loan is received, you would debit your cash account in the amount of $50,000 for the first journal entry. To record the loan, you will also credit notes due. There is always interest on payable notes, which must be documented individually.If your organization borrows money through a note payable, debit the cash received and credit the debt to the Notes Payable account. You will debit your Notes Payable account and credit your Cash account when you repay the loan.As Scene Co. borrowed $15,000 cash from First Bank by signing a 30-day, 5% interest-bearing note, it will record this entry with a credit to Notes Payable in the amount of $15,000.

The complete question is,

On July 1, Scene Co. borrowed $15,000 cash from First Bank by signing a 30-day, 5% interest-bearing

note. Scene will record this entry with a credit to Notes Payable in the amount of

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1. all of the following are types of responsibility centers except . fulfillment centers cost centers profit centers investment centers 2. investment centers have the responsibility for . costs revenues investments in assets all of these choices are correct.

Answers

all of the following are types of responsibility centers except fulfillment centers. investment centers have the responsibility for costs, revenues and  investments in assets

What is the difference between profit center and investment center?

A profit center is a division in charge of expenses and income. An investment center is a division in charge of expenses, earnings, and asset investments. Depending on the kind of responsibility center being managed, different performance metrics are utilized to assess managers.A business unit known as an investment center is one that a company uses to make money using its own resources. A typical illustration of an investment center is the finance division of a retailer or vehicle manufacturer.These are two significant and well-liked metrics for evaluating the success of investment centers. They are residual income and return on investment (ROI) (RI). The written-down value of the fixed assets or their gross value may be used to calculate net operating investment.

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independence corporation needs to replace some of the assets used in its trade or business and is contemplating the following exchanges: exchange asset given up by independence asset received by independence a office building in chicago, il piece of land in toronto, canada b large warehouse on 2 acres small warehouse on 22 acres c office building in green bay, wi, used in the business apartment complex in newport beach, ca, that will be held as an investmentdetermine whether each exchange qualifies as a like-kind exchange. also, explain the rationale for why each qualifies or does not qualify as a like-kind exchange

Answers

A like-kind exchange is a tax-deferred transaction that allows for the disposal of an asset and the acquisition of another similar asset without generating a capital gains tax liability from the sale of the first asset.

Properties are of like-kind if they are of the identical nature or person, despite the fact that they fluctuate in grade or great. Actual houses commonly are of like-kind, irrespective of whether or not they're progressed or unimproved. As an example, a condo construction might typically be like-type to every other condominium building.

A certified trade lodging arrangement is when a third party briefly holds an actual estate investor's relinquished or replacement assets. The arrangement helps investors defer a found-out capital advantage or loss from the sale of actual property by allowing them to finish a like-kind exchange.

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to assure that all purchases are authorized before payment is made, accounting department personnel should match the vendor's invoice to:

Answers

The purchase order to assure that all purchases are authorized before payment is made, accounting department personnel should match the vendor's invoice to

A purchase order, which specifies types, quantities, and agreed-upon prices for goods or services, is a commercial document and the first formal offer made by a buyer to a supplier. An indent is a purchase order that is frequently made through an agent (the indent agent) and is subject to predetermined terms of sale.

It is employed to regulate the acquisition of goods and services from outside providers. An important component of enterprise resource planning system orders can be purchase orders.

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The _____ is an approach whereby an organization allocates its marketing mix resources to reach its target markets.

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A strategic marketing process is an approach whereby an organization allocates its marketing mix resources to reach its target markets.

The steps of the strategic promoting method (mission, scenario analysis, promoting set up, promoting combine, and implementation and control) square measure completely different than the method for a particular promoting effort.

The strategic promoting designing method provides marketers the chance to gauge their business positioning of their competitors, and determine the techniques which will facilitate them reaching their target market, meet client wants, expand whole awareness and reach different promoting and business goals.

Remember, strategic promoting management involves creating strategic choices among your current promoting setup so as to maximize your setup. A decent example of this could be Apple and the way they market itself.

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will a perfectly competitive market produce a larger, smaller, or the same quantity as the perfectly price discriminating monopoly? explain.

Answers

Contrasted with a solitary cost restraining infrastructure, a totally serious industry creates more result and charges a lower cost. A) results in a greater economic profit and consumer surplus.

What happens when a market that is highly competitive turns into a monopoly?

While consumers and society suffer, the producer gains. There will only be one seller if perfectly competitive markets become monopolies. Customers will be taken advantage of by the monopolist. There will be no other means for customers to buy products and services.

Why is the quantity produced by a monopoly lower than the quantity produced by competitors?

Monopoly Production Point: A monopolist can charge the price based on the market demand curve for the quantity it produces when it produces the quantity that is determined by the intersection of MR and MC.In this way, monopolists produce less however charge in excess of a firm in a cutthroat market.

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Revise your calculations based the new information provided below and then answer the questions that follow. Part 2 of 2 Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments Sell patent $ 84,000 96,320 59,360 109,760 2,240 68,320 16.7 points eBook Outflows: Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash $ 201,600 42,560 44,800 33,600 43,680 16,800 $ 59,360 Print References Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing Required information Part 2 of 2 2. What is the revised ending cash balance? Ending cash balance 16.7 points eBook Print References 3. Which of the three types of cash flows could best be desribed as cash-basis net income? 3 Which of the three types of cash flow Operating Investing Financing 4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity? Operating activities Investing activities Financing activities

Answers

Cash flow involves primarily changes in long-term liabilities and stockholders' equity  Financing activities.

Financing sports are transactions among a commercial enterprise and its lenders and proprietors to collect or go back resources. In other words, financing activities fund the company, pay off creditors, and offer owners a go-back on investment. Financing activities include: Issuing and repurchasing fairness.

Financing sports examples encompass the issuance of stocks and bonds, borrowing a mortgage, servicing debt, buying back stocks, and many others. on the grounds that these activities directly affect an employer's capital shape, analysts and investors use this as a critical indicator of an employer's financial fitness.

The financing pastime within the coins waft declaration specializes in how a firm raises capital and pays it returned to buyers thru capital markets. these sports additionally encompass paying coins dividends, adding or changing loans, or issuing and promoting extra stock.

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the campaign highlights the value that a degree from wpu provides and compares it with the tuition cost at the university. group of answer choices favorable price appeal scientific evidence and straight sell emotional appeal using personal states or feelings product/service popularity appeal

Answers

The campaign highlights the value that a degree from wpu provides and compares it with the tuition cost at the university favorable price.

There are a whole lot of reasons — developing demand, growing economic aid, decrease kingdom funding, the exploding fee of administrators, bloated pupil facilities packages. The maximum steeply-priced colleges — Columbia, Vassar, Duke — will run you properly over $50K 12 months only for tuition.

Tuition is the fee you pay for classes. Along with tuition, you will in all likelihood ought to pay a few different charges to sign up for and attend a university. Tuition and charges range from university to university. Other university charges encompass room and board, books and supplies, transportation, and private expenses.

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which of the following statements best describes the difference between the irr method and the mirr method? the irr method assumes that cash flows are reinvested at a rate of return equal to the irr. the mirr method assumes that cash flows are reinvested at a rate of return equal to the cost of capital. the irr method uses the present value of the initial investment to calculate the irr. the mirr method uses the terminal value of the initial investment to calculate the mirr. the irr method uses only cash inflows to calculate the irr. the mirr method uses both cash inflows and cash outflows to calculate the mirr.

Answers

The difference between the IRR method and the MIRR method is best described by the statement that the IRR method assumes that cash flows are reinvested at a rate of return equal to the IRR.

The modified internal rate of return (MIRR) assumes that positive cash flows are reinvested at the firm's cost of capital and that initial capital expenditures are financed at the firm's financing cost.

The discount rate at which the net present value of a series of cash flows equals zero is denoted by RR. MIRR can also be defined as the rate of return at which the NPV of project inflows equals the initial investment.

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contrary to its name, the european (fill in the blank)is primarily a consultative, rather than legislative body.

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The European Parliament is primarily a consultative, rather than legislative body.

What is the European Parliament?One of the seven institutions that make up the European Union and one of its legislative bodies is the European Parliament (EP). It does so in conjunction with the Council of the European Union (often referred to as the Council and colloquially as the Council of Ministers), when the European Commission makes a recommendation. There are 705 members of parliament (MEPs). With 375 million eligible voters, it is the second-largest democratic electorate in the world (after the Parliament of India).Since 1979, the European Union's people have been using universal suffrage to elect the Parliament in direct elections every five years. After 1979, voter turnout declined in every parliamentary election until 2019, when it rose by eight percentage points and exceeded 50% for the first time since 1994. Except for Malta, Austria, and Greece, all EU members have a voting age of 18; all other members have a voting age of 16 or 17.

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in the percentage-of-sales method of budgeting for advertising, industry data or the retailer's past experience should be used to determine suitable levels of expenditures.

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Simplicity in the percentage-of-sales method of budgeting for advertising, industry data or the retailer's past experience should be used to determine suitable levels of expenditures.

Percentage of sales method:

In economics, percentage of sales method means the forecasting model that makes financial predictions based on sales.

Given,

Here we need to find the the percentage-of-sales method of budgeting for advertising, industry data or the retailer's past experience should be used to determine suitable levels of expenditures.

As per the definition of percentage of sales method, the level of expenditures is determined by the simplicity of the user's past experience with the product is good.

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two companies are both in the process of buying back significant portions of their common stock. however, they are in different phases of the corporate life cycle. which phases might they be in? g

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Company A may be in the growth phase, while Company B may be in the maturity phase.

What is Company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of the its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The institutional ownership of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both also have different ownership arrangements, laws, and rules regarding financial reporting.

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ce is allocated 70 percent of all profits and losses with the remaining 30 percent assigned to robbins after interest of 7 percent is given to each partner based on beginning capital balances. on january 2, 2021, jeffrey invests $43,000 cash for a 20 percent interest in the partnership. this transaction is recorded by the goodwill method. after this transaction, 7 percent interest is still to go to each partner. profits and losses will then be split as follows: prince (50 percent), robbins (30 percent), and jeffrey (20 percent). in 2021, the partnership reports a net income of $12,000.

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Price and Roobin's Partnership received additional investment from Jeffrey. This transaction is recorded by the goodwill method. The allocation of income and profit/loss at the end of 2021 is:

                                 Prince  Robbins Jeffrey  Total

Income Allocation  $6,000    3,600   2,400   12,000

Profit/loss                 (678)      (1,762)     (610)    (3,050)

Goodwill Method is an investment method where a partner makes an investment not in the book value of the capital interest. Any differences between the investment and capital interest will be recorded as an intangible asset called goodwill.

We know that Jeffrey's investment is in 20% interest, hence the capitalized value because of Jeffrey investment is:

Capitalized value because of Jeffrey investment = $43,000/20%

Capitalized value because of Jeffrey investment = $215,000

Goodwill = Capitalized value - (initial capital value + Jeffrey Investment)

Goodwill = $215,000 - (150,000 + 43,000)

Goodwill = 215,000 - 193,000

Goodwill = 22,000

New capital status:

                              Prince        Robbins          Jeffrey          Total

Initial Capital        $80,000      70,000              0             150,000

Jeffrey's inv.                                                   43,000         43,000

Goodwill                15,400         6,600                0              22,000

Ending Capital      95,400        76,600          43,000       215,000

% Profit/loss              50%            30%              20%

Interest 7%              6,678          5,362            3,010            15,050

Income allocation   6,000         3,600             2,400          12,000

Profit/loss                 (678)          (1,762)              (610)          (3,050)

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