The statement that is true about demand and supply is: "An increase in consumer income is likely to increase the demand for a normal good."
What is consumer income ?The demand curve moves to the right as consumer income rises, showing that consumers are able and willing to purchase more of a specific commodity or service at each price point. A rise in consumer income is likely to result in an increase in demand for a normal item because these are the goods whose demand rises as consumer income rises.The other assertions are untrue. The supply curve, not the demand curve, is what moves to the left when the price of an item rises. The amount of a thing that producers are willing and able to supply will certainly drop as its price rises, but the amount of the good actually available for sale will not.To know more about consumer income , check out :
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__________. is a measure of the way quantity supplied reacts to a change in price.
The elasticity of supply is a measure of the way the quantity supplied reacts to a change in price.
What is a supply?The quantity of a specific good or service that providers offer customers at a given price for a predetermined amount of time is referred to as the supply in economics. A key idea in economics is supply. It shows the overall number of certain commodities that are available to consumers.
What is an elastic supply?Elastic Supply (ES>1): Whenever a given percentage shift in price causes a bigger change in the quantity delivered, the supply is termed to be elastic. In this case, E s will have a numerical value that is larger than one but smaller than infinite.
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network systems, incorporated, had net sales of $750,000, cost of goods sold of $562,500, and net income of $100,000. its gross margin ratio is closest to: multiple choice 4.00. 1.88. 0.75. 0.25. 0.12.
Network Systems, Inc. reported $750,000 in net sales, $562,500 in cost of goods sold, and $100,000 in net income. Its gross margin ratio is most closely related to: a. 4.00.
What precisely are network systems?
A computer network is a system that links two or more computing devices for the purpose of sharing and transporting data. Computing technology is available in a variety of forms, ranging from a mobile phone to a server. These devices communicate by physical connections such as fiber optics, but they can also communicate wirelessly. A network operating system (NOS) is a type of computer operating system (OS) that is intended to serve workstations, personal computers, and, in some cases, older terminals connected to a local area network (LAN).
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the law of supply functions in labor market, that is , a higher............... for labor leads to a higher quantity of labor supplied.
O price O demand O supply O quantity
The rule of supply, which states that more people are available for greater wages and fewer people are available for lower costs, governs labour markets.
What exactly does labour entail?
The physical, mental, and social effort required to generate goods and services in an economy is referred to as labour. In order to transform raw materials into finished goods and services, it provides the knowledge, resources, and assistance required.
The effort made by humans to produce goods and services is referred to as labour. People who work as labour resources include the engineer who designed the bus that transports you to school and the waiter who makes your dinner at a nearby restaurant.
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the formal measure of u.s. gdp may tend to understate the actual size and value of the national economy due to the exclusion of which category of goods and services?
The formal measure of U.S. GDP tends to understate the actual size and value of the national economy due to the exclusion of non-market goods and services.
Non-market goods and services refer to goods and services that are not bought and sold in the marketplace, such as childcare and housework.
These goods and services are not included in the calculation of GDP, which means that the formal measure of GDP does not take into account the true size and value of the national economy.
This can lead to an inaccurate picture of the U.S. economy and can lead to policy decisions that are based on incorrect information.
Thus, the formal measure of U.S. GDP tends to understate the actual size and value of the national economy due to the exclusion of non-market goods and services.
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According to GAAP, when is income reported?
1. Whenever the firm decides to report it
2. When it is first anticipated
3. When cash payment is received
4. When it is earned or accrued
According to GAAP, income is reported when it is earned or accrued.
This means that income is recognized when the company has completed the necessary work or has provided the necessary goods or services to earn the income, even if payment has not yet been received.
This is known as the accrual basis of accounting and is a fundamental principle of GAAP. It is important for companies to follow this principle in order to accurately reflect their financial performance and provide reliable information to investors and other stakeholders.
Accrual basis is an accounting method in which transactions are recorded when they are earned or incurred, regardless of when the money is actually received or paid. Under accrual accounting, revenue is recognized when it is earned, which is typically when the goods or services have been delivered, and expenses are recognized when they are incurred, which is usually when the goods or services have been received.
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why do the principals of arundel partners think they can make money buying movie sequel rights? why do the partners want to buy a portfolio of rights in advance rather than negotiating film-by-film to buy them?
The principals of Arundel Partners believe that they can make money buying movie sequel rights because they have observed a significant trend in the film industry where sequels, prequels, and remakes of popular films have become more profitable than original films.
By purchasing sequel rights, Arundel Partners can profit from the box office success of previous films by releasing sequels to the films. They can also exploit other revenue streams like DVD sales, streaming rights, merchandise, and licensing.
Arundel Partners wants to buy a portfolio of rights in advance rather than negotiating film-by-film to buy them because it allows them to purchase the rights at a discounted price. By buying in bulk, they can negotiate lower prices and avoid the bidding war that usually occurs when studios compete for individual film rights.
Moreover, the portfolio approach also allows them to diversify the risk of individual film failures, as they have the option to make the sequel or not, depending on market demand. Additionally, by acquiring a broad range of sequel rights, Arundel Partners can exploit the benefits of diversification and achieve economies of scale.
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a good in the presence of many close substitutes is predicted to have relatively demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good were to increase.
The price elasticity of demand of a good depends in part on its relative necessity in comparison to other goods. Assume the following goods all have approximately the same price. Which of the goods has the least elastic demand? O Gold jewelry O Insulin for people with diabetes
Option (a), A good with several close substitutes is likely to have somewhat elastic demand because consumers can simply decide to buy one of the close replacements if the price of the good increases. The least elastic demand is for gold jewelry.
When a commodity has close substitutes, the demand elasticity will be present, correct?The demand elasticity of goods with near replacements is calculated as the percent change in the amount demanded of one thing by the percent change in the price of a substitute product. This equation is referred to as the cross elasticity of demand.
Why does demand for items with lots of near replacements tend to be elastic?Price adjustments may force consumers to pass on a product they would otherwise buy in favor of a similar one. When an item has several near substitutes, demand is frequently flexible because buyers can switch between them.
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A cost that changes in proportion to changes in volume of activity is a(n):a) Differential cost.b) Fixed cost.c) Incremental cost.d) Variable cost.e) Product cost.
A cost that changes in proportion to changes in volume of activity is Variable cost.
What is a Variable cost?
A firm needs to be aware of its commitments in order to prepare for the future and operations, especially in terms of the revenues to be expected. The ability of a corporation to perform Cost - Volume - Price, or CVP analysis, depends on how well costs can be predicted.
Variable costs are those that are directly related to production and change according to the job a business performs. For instance, the cost of fuel is a variable expense for a service company that rises when it must travel to clients and falls when there are few requests.
The amount of output produced affects the variable costs. Raw materials, commissions, and labor are examples of variable expenses.
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n its year 4 income statement, cere co. reported income before income taxes of $300,000. cere estimated that, because of permanent differences, taxable income for year 4 would be $280,000. during year 4, cere made estimated tax payments of $50,000, which were debited to income tax expense. cere is subject to a 30% tax rate. what amount should cere report as income tax expense? $84,000 $90,000 $34,000 $50,000
The correct option is A. Amount should cere reported as an income tax expense is $84,000 Because there are no temporary differences, income tax expense equals the income tax liability for the period.
income tax = $.30($280,000) = $84,000.
Earnings are difficult to outline conceptually and the definition can be extraordinary for the duration of fields. for instance, a person's income in a financial experience may be unique from their income as described with the resource of the regulation.
A very essential definition of income is Haig–Simons earnings, which defines earnings as intake + trade-in internet truly worth and is widely applied in economics. For households and individuals within America, income is defined with the useful resource of tax law as a sum that consists of any earnings, earnings, profit, interest rate, rent, or some other shape of earnings acquired in a calendar year. Discretionary earnings are frequently described as gross profits minus taxes and special deductions (e.g., compulsory pension contributions), and are broadly used as a basis to take a look at the welfare of taxpayers.
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which of the following is a benefit of activity-based costing? multiple choice having fewer cost drivers than volume-based costing systems. more accurate measures of production volume. reduced overhead costs. more streamlined manufacturing processes. facilitate better product pricing decisions.
The answer is (C) Facilitate better product pricing decisions. It is a benefit of activity-based costing.
ABC (Activity Based Costing) is a cost accounting method that assigns costs to activities and products based on the resources they consume. This is a very necessary tool for any businesses that need to accurately price their products.
By associating costs with activities, It can help decision makers in better understanding the costs associated with each product. ABC can also help managers more accurately identify product cost drivers, allowing them to make more informed and detailed pricing decisions.
Like It can help managers to identify which companies are most expensive and therefore require higher prices to be profitable. By providing an accurate view of the costs associated with each product, and also can help companies make better pricing decisions and also increase the overall profitability.
Full Question:
Which of the following is a benefit of activity-based costing?
A. More streamlined manufacturing processes.
B. Reduced overhead costs.
C. Facilitate better product pricing decisions.
D. More accurate measures of production volume.
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financial instruments can transfer multiple choice neither resources nor risk between people. resources between people but not risk. both resources and risk between people. risk but not resources between people.
Financial instruments can transfer both resources and risk between people. Thus, the third option is the correct answer.
What is a financial instrument?A financial instrument is a contract that obliges one party to transfer money or shares in a company to another party in the future in exchange for something of value. The parties can be corporations, partnerships, government agencies, or individuals.
Financial instruments are assets that can be traded, or they can also be seen as packages of capital that may be traded. Most types of financial instruments provide efficient flow and transfer of capital all throughout the world’s investors.
Therefore, both resources and risk is transferred by the financial instruments.
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Compared to the United States, a developing country is likely to have: A. a higher per capita income B. a lower standard of living C. a lower state of inflation D. a higher gross domestic product
Answer: B
Explanation:
B : A lower standard of living
Developing countries are not fully formed yet, which would lead to worse infrastructure ie, lower state of living. United states is a developed country, which means higher state of living.
For which product is demand likely to be the most elastic?a. product with many adequate substitutes
b. market demand curve
c. change in price
d. product differentiation
Product demand is most likely to be flexible given the availability of suitable substitutes. Hence the correct option is (A) a product with many adequate substitutes.
Alternative goods or services that can be utilized in place of a particular good or service are considered suitable alternatives. The benefits that the alternatives offer the consumer must be comparable and they must be available to the consumer at a comparable price for the substitutes to be considered appropriate. When there are more suitable substitutes accessible to consumers, they are more inclined to move to alternative items, which might affect how elastic the demand for a product is. A product's demand is more likely to be inelastic if there aren't many viable alternatives, which means that a change in price may not have a substantial impact on the amount demanded.
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The account used to summarize the owner's equity in a business is called capital.a. Trueb. False
True. The account used to summarize the owner's equity in a business is called capital.
What is owner's equity in a business?Owner's equity in a business refers to the amount of a business's assets that belong to the business owner or owners after liabilities have been subtracted. It represents the residual interest in the assets of a business after all debts and obligations have been paid. Owner's equity is typically represented on the balance sheet as part of the total equity section, and it includes items such as the initial investment by the owner or owners, retained earnings, and any additional contributions or withdrawals made by the owners
The term "capital" refers to the account that summarizes the owner's equity in a business. This account represents the owner's initial investment in the business and is a key component of the total equity section on the balance sheet.
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refer to table 3.1 above. how much will you need to deposit today in an account paying 7% if you wish to have $1,000 in 5 years?
The amount you deposit now is $712.986 in order to have $1,000 in 5 years with a rate of 7% annually.
What does the financial term FV mean?Potential value (FV) is indeed the proportion that a present investment will increase in value over time when kept in a compound interest account. In other respects, it represents the future worth of a dollar once interest has been taken into account.
You can solve this using the Future Value formula which is:
Future value = Present value x ( 1 + rate)^ number of years
You have everything except the present value so solve for it:
1,000 = PV x (1+7%)[tex]^{5}[/tex]
1,000 = PV x 1.4025517307
PV = 1,000 / 1.4025517307
PV = $712.986
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your friend borrowed $200 to be repaid in one year. he paid 10 percent interest and a service charge of $3.00. what is his finance charge?
Your friend's finance charge for the loan is $23.00. He paid 10 percent interest and a service charge of $3.00
How may financial costs be avoided?The best method to prevent finance costs is to make on-time, complete payments of your outstanding obligations each month. No interest will be charged on your debt as long as you pay the entire amount due each month during the grace period (the time between the end of your billing cycle and the payment due date).
The smallest finance fee is what?If the accumulated balance on the card is so low that interest charges less than the minimum would incur for that billing cycle, a consumer may be subject to a minimum financing charge, which is a monthly credit card cost. The minimum finance fee for the majority of credit cards is $1.
To calculate the finance charge for your friend's loan,
we need to find the total amount of interest and service charge,
Calculate the amount of interest he paid:
Interest = Principal x Rate x Time
where Principal = $200, Rate = 10% = 0.1, and Time = 1 year
Interest = $200 x 0.1 x 1 = $20
Add the service charge of $3.00 to the interest:
finance charge = Interest + Service charge
finance charge = $20 + $3.00 = $23.00
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Which of these countries is benefitting through gains from trade? multiple choice question. Country f imports component parts from country g and uses them to build automobiles that it exports back to country g. Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently. Country c exports all of its agricultural products at a high price and then imports those same products at a lesser cost. Country d and country e share a border and trade between each other to avoid import fees
The country that is benefiting through gains from international trade from the given options is:
Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently i.e. Statement 2Country a is importing goods that are produced more efficiently by country b, and in turn, is exporting goods that it produces more efficiently. This allows both countries to benefit from the gains from trade, as they can produce and trade the goods that they are most efficient at producing, resulting in increased productivity and welfare for both countries.
International trade is the trading of labour and products by organizations in various nations. Purchaser products, unrefined substances, food and apparatus are traded on the global market. Global exchange permits nations to extend their business sectors and get close enough to labour and products that were already inaccessible locally.
International trade offers purchasers and nations the chance to get labour and products that are not accessible in their nation of origin or are more costly locally. The significance of worldwide exchange was perceived right in time by political financial specialists like Adam Smith and David Ricardo.
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Complete Question -
Which of these countries is benefitting through gains from trade? multiple choice questions.
Country f imports component parts from country g and uses them to build automobiles that it exports back to country g. Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently. Country c exports all of its agricultural products at a high price and then imports those same products at a lesser cost. Country d and country e share a border and trade with each other to avoid import feesin the short run, a restrictive fiscal policy will cause aggregate demand, output, and the price level to change in which of the following ways? responses aggregate demand output price level decrease decrease decreaseaggregate demand output price level decrease decrease decrease , aggregate demand output price level decrease increase increaseaggregate demand output price level decrease increase increase , aggregate demand output price level increase decrease decreaseaggregate demand output price level increase decrease decrease , aggregate demand output price level increase increase increaseaggregate demand output price level increase increase increase , aggregate demand output price level not change not change not change
Because firms can create more output at all price levels with increased productivity, the SRAS curve moves to the right as productivity increases.
What is an example of productivity?
The most frequent input is labor hours, and the output is measured in either the number of units produced or the amount of sales. For instance, if a factory produced 10,000 widgets last month but only received payment for 5,000 hours of work, its productivity would only be two widgets per hour (10,000 / 5,000). Productivity is the efficiency with which a task is completed. It can be defined as the rate at which a company or country produces goods and services (output), usually measured in relation to the amounts of inputs (labor, capital, energy, or other resources) used to produce those goods and services.
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an inflation-indexed bond issued by the u.s. treasury has current face amount of $1,000 and 2% yearly coupons. if there are three years until maturity and inflation rates are 3%, 3.5%, and 3% over the next three years, what will be the yearly coupon payment after three years?
The yearly coupon payment after three years will be $27.70, $30.45, and $27.70 for years 1, 2, and 3, respectively.
To calculate the yearly coupon payment after three years, we need to first adjust the face value and coupon rate for inflation in each year. The adjusted face value of the bond after three years can be calculated as:
Adjusted Face Value = Face Value * (1 + Inflation Rate Year 1) * (1 + Inflation Rate Year 2) * (1 + Inflation Rate Year 3)
Adjusted Face Value = $1,000 * (1 + 0.03) * (1 + 0.035) * (1 + 0.03)
Adjusted Face Value = $1,108.16
Next, we need to adjust the coupon rate for inflation in each year. The adjusted coupon rate for each year can be calculated as:
Adjusted Coupon Rate Year 1 = Coupon Rate + Inflation Rate Year 1
Adjusted Coupon Rate Year 1 = 2% + 3%
Adjusted Coupon Rate Year 1 = 5%
Adjusted Coupon Rate Year 2 = Coupon Rate + Inflation Rate Year 2
Adjusted Coupon Rate Year 2 = 2% + 3.5%
Adjusted Coupon Rate Year 2 = 5.5%
Adjusted Coupon Rate Year 3 = Coupon Rate + Inflation Rate Year 3
Adjusted Coupon Rate Year 3 = 2% + 3%
Adjusted Coupon Rate Year 3 = 5%
Now that we have the adjusted face value and coupon rates, we can calculate the yearly coupon payment for each of the three years using the following formula:
Yearly Coupon Payment = Adjusted Face Value * Adjusted Coupon Rate / 2
The factor of 1/2 is included because the coupon payments are semi-annual (i.e., paid every six months).
Year 1 Coupon Payment = $1,108.16 * 5% / 2 = $27.70
Year 2 Coupon Payment = $1,108.16 * 5.5% / 2 = $30.45
Year 3 Coupon Payment = $1,108.16 * 5% / 2 = $27.70
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_____is the output that a system is capable of achieving over a period of time.
Capacity
Operation
Values
System
The highest output a system is capable of generating over a long period of time is referred to as its capacity.
What else does capacity mean in a business context?The maximum output a company can maintain to provide its products or services is referred to as capacity. Depending on the type of business, "capacity" can refer to a production method, an allocation of human capital, a set of technical constraints, or a number of many other related concepts.
The importance of capacityThe notion of adequate capacity is the ability to meet customer needs without wasting resources. Your capacity is how much work you can complete in a certain amount of time. How many goods you can manufacture each month or the number of clients you can help, for instance
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when marquesa began her business, she did not have sufficient personal funds to own the businesses she operated so she brought in friends and family members to help with the funding. the businesses she operated were formed with an agreement, but no formal filing was required, and taxes were passed through directly to the business owners. what business form did she use to create these businesses?
Solo Entrepreneurship a particular kind of business reality where the proprietor and the company are one and the same in terms of the law. The most typical type of legal structure for small enterprises is the sole procurement.
In the United States, an LLC is a type of organisational structure where the possessors aren't held tête-à-tête responsible for the debts or scores of the business. Limited liability companies are cold-blooded legal realities with traits participated by pots, hookups, and sole occupancies. Stockholders are only subject to arrears up to the quantum they tête-à-tête invested in the company. also, creditors are banned from seizing particular property to pay off debts( although now creditors frequently request particular guarantees on business loans).
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which of the following is an example of material reward? i- jasper promises to take his daughter to disney land if she brings up her grades at school. ii- antoinette is volunteering to clean up the leaves at her church iii- karina should be receiving a bonus once she meets her sales figures this month. iv- a football coach will kick out of the team anyone who misses practice for no reason.
Jasper promises to take his daughter to disney land if she brings up her grades at school is an example of material reward. Toys, candy, and other pricey items are examples of material rewards. Social rewards are yet another category of reward. The answer is OPTION i
Social rewards can be even more effective than monetary prizes and are often inexpensive or even free. Additionally, they can be given more frequently and right away following actions you prefer. An impressive work title, professional advancement, individual accomplishments, accolades, etc. are a few examples. It includes things like presents, raises, and bonuses. Employees feel valued in a firm when they receive intrinsic benefits.
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a lead capacity strategy has the advantage of: group of answer choices ensuring adequate capacity during all types of growth. a reduced risk of overbuilding. the ability to put off large investments as long as possible. greater productivity due to high utilization levels.
A lead capacity strategy has the advantage of Ensuring adequate capacity during all types of growth.
So, the option A is the correct option.
Organizations should ensure that adequate capacity is available during all types of growth by monitoring their current usage, estimating their future capacity needs, and taking steps to ensure that they can meet these needs. This may involve expanding their existing infrastructure, investing in new hardware or software, or outsourcing certain services. Additionally, organizations should ensure they have the necessary personnel and resources to manage any changes or expansions that are required.
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The complete question is:
A lead capacity strategy has the advantage of:
A) group of answer choices ensuring adequate capacity during all types of growth.
B) a reduced risk of overbuilding.
C)the ability to put off large investments as long as possible.
D)greater productivity due to high utilization levels.
in 2016, a report demonstrated that wells fargo had opened more than 2 million accounts for customers without their permission to meet company sales quotas. the company was ordered to pay back those customers and pay the government a $185 million fine. this situation shows that .
The Wells Fargo scandal that emerged in 2016 was a clear example of unethical behavior and corporate misconduct. The scandal involved the opening of millions of unauthorized bank and credit card accounts by Wells Fargo employees to meet sales targets and quotas.
The customers affected were not aware that these accounts had been opened in their names, and in many cases, they were charged fees and penalties for these unauthorized accounts.
The scandal shows that unethical behavior can have severe consequences for companies and their stakeholders. In this case, Wells Fargo faced a significant financial penalty of $185 million, as well as reputational damage and loss of public trust. The scandal also resulted in the resignation of several top executives at the company.
The situation also highlights the importance of ethical leadership and corporate culture. It was reported that the sales targets and quotas at Wells Fargo were so high that employees felt pressured to engage in fraudulent behavior to meet them. This suggests a culture that prioritized short-term gains over ethical behavior and customer interests. The lack of accountability and oversight in the company also enabled the unethical behavior to continue unchecked for a long period.
The Wells Fargo scandal illustrates the importance of putting customers and ethical behavior at the center of business operations. Companies need to prioritize creating a corporate culture that values honesty, transparency, and accountability. This requires effective leadership, strong governance, and a commitment to ethical values and principles.
Furthermore, the scandal demonstrates that companies must take responsibility for their actions and be held accountable for any misconduct. Regulators and stakeholders need to work together to ensure that companies operate ethically and are held responsible for any wrongdoing. This is crucial for maintaining public trust and promoting a healthy business environment.
In conclusion, the Wells Fargo scandal is a stark reminder of the consequences of unethical behavior and corporate misconduct. It highlights the importance of ethical leadership, strong corporate culture, and accountability in ensuring that companies operate in the best interests of their customers and stakeholders.
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to obtain an understanding of a nonissuer's internal control structure during a gaas financial audit, an auditor is not required to
Look for significant problems with the internal control system's performance.
What procedures are followed to understand internal control?
Audit procedures are the steps and methods auditors use to compile sufficient relevant audit evidence to properly assess the effectiveness of an organization's internal controls.
What standards must an auditor adhere to while submitting a report on internal controls?
The auditor should be able to express an opinion on the efficacy of internal control over financial reporting by examining data from all sources, including the auditor's testing of controls, mistakes discovered during the financial statement audit, and any acknowledged control defects.
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a community college faculty is negotiating a new contract with the school board. the distribution of faculty salaries is skewed right by several faculty members who make over​ $100,000 per year. if the faculty want to give the community the impression that they deserve higher​ salaries, should they advertise the mean or median of their current​ salaries?
By emphasizing the median salary, the faculty can highlight the fact that most of them earn modest salaries and may deserve higher compensation for their work.
Why it is?
If the distribution of faculty salaries is skewed right and there are several faculty members who make over $100,000 per year, then the mean salary will be higher than the median salary.
In this case, advertising the mean salary would likely give the impression that the faculty earns higher salaries than they actually do, since the mean is sensitive to outliers or extreme values in the distribution.
Therefore, if the faculty wants to give the community the impression that they deserve higher salaries, it would be more appropriate to advertise the median salary rather than the mean salary.
The median is less affected by outliers and provides a better representation of the typical or central salary for the faculty. By emphasizing the median salary, the faculty can highlight the fact that most of them earn modest salaries and may deserve higher compensation for their work.
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security armored car corporation employs theo as an agent. without security's knowledge but otherwise acting within the scope of employment, theo commits a crime. the state can successfully prosecute neither security nor theo. security only. security or theo. theo only.
In this scenario, Theo committed a crime without the knowledge of his employer, Security Armored Car Corporation. As long as Theo was acting within the scope of his employment, the corporation may be held liable for his actions under the doctrine of respondeat superior.
However, since the state cannot successfully prosecute Security Armored Car Corporation or Theo, it is likely that the corporation will not be held liable. Theo, on the other hand, can still be held criminally liable for his actions even though he was acting within the scope of his employment. It is important to note that just because Theo was employed by Security Armored Car Corporation does not absolve him of responsibility for his criminal actions. In conclusion, while Security Armored Car Corporation may not be held liable, Theo can still be held criminally responsible for his actions.
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Who benefits if Stacy uses eBay to sell an old camera to Donna, a collector of old cameras?[A] Stacy, Donna, and eBay[B] Donna only[C] Stacy and Donna[D] Stacy only
If Stacy uses eBay to sell an old camera to Donna, a collector of old cameras, Stacy, Donna, and eBay all benefits. (Option A)
In the given case, Stacy sells an old camera using eBay to Donna who is a collector of old cameras. As a result, all three of them benefit from the transaction. Stacy benefits from using eBay to sell her old camera because she is able to make a profit from the sale. Donna benefits because she is able to add the old camera to her collection. eBay benefits because they receive a percentage of the sale as a fee for facilitating the transaction.
Therefore, all three parties benefit from the transaction.
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a bond is currently selling at $1,050. the yield on the bond is 6%. if the yield increases 25 basis points, the price of the bond will go down to $1,025. what is the modified duration of this bond? 10.12 8.08 7.46 9.52
a bond is currently selling at $1,050. the yield on the bond is 6%. if the yield increases 25 basis points, the price of the bond will go down to $1,025. the modified duration of the bond is 9.52.
The modified duration (D) of a bond measures the sensitivity of its price to changes in the yield to maturity. It is calculated as follows:
D = - (1/P) x (dP/dy)
where P is the price of the bond, y is the yield to maturity, and (dP/dy) is the derivative of the price of the bond with respect to the yield to maturity.
Using the given information, we can calculate the modified duration of the bond as follows:
Initial price: $1,050
Initial yield: 6%
New price: $1,025
New yield: 6.25% (6% + 25 basis points)
Change in price: $1,025 - $1,050 = -$25
Change in yield: 0.0025 (25 basis points)
Using the formula for modified duration, we have:
D = - (1/1,050) x (dP/dy)
To find (dP/dy), we can use the following approximation:
(dP/dy) ≈ (change in price) / (change in yield)
(dP/dy) ≈ (-$25) / (0.0025)
(dP/dy) ≈ -$10,000
Substituting into the formula for modified duration, we get:
D = - (1/1,050) x (-$10,000)
D = 9.52
Therefore, the modified duration of the bond is 9.52.
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other than operating profit, there are three main sources of external financing. (T/F)
The income statement, balance sheet, and statement of cash flows are financial statements that must be submitted.
Which three functions do financial statements fulfill?
Thanks to the financial statements, which contain details about a company's activities, performance, and cash flow, it is possible to quickly assess a company's financial health. Financial statements are essential since they provide information on a company's earnings, costs, profitability, and debt.
What links three financial statements together?
The bottom of the income statement's net income is linked to the balance sheet and cash flow statement. It acts as the starting point for the cash from operations column on the cash flow statement and feeds into retained earnings on the balance sheet.
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