According to the American accounting association, auditing is a systematic process of objectively obtaining and evaluating evidence. The American Accounting Association (AAA) is a non-profit organization dedicated to accounting education, research, and practice.
Accounting education, research, and practice are all promoted by the American Accounting Association (AAA). The American Association of University Instructors in Accounting was founded in 1916, and its current name was chosen in 1936.
The Association is a non-profit organization comprised of individuals American engaged in accounting teaching and research. The council is made up of the most accountants in academics. Aside from academic work, the AAA is involved in information systems, artificial intelligence/expert systems.
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ASAP PLEASE-------------
Cameron has decided to diversify his investments in the following way:
$3,000 in an account earning 2.7% simple interest
$5,000 in a savings account earning 1.8% interest compounded annually
$5,000 in a certificate of deposit earning 3.9% interest compounded quarterly
How much total interest will Cameron earn on his investments at the end of 3 years?
a. $530.87
b. $665.57
c. $973.30
d. $1,135.30
Anyone know how to do this?
Answer:
D.) $1,135.30 at the end of 3 years
Explanation:
First method:
Formula for simple interest is I = P * R * T.
In this instance P = 3,000, R = 2.7, T = 5.
\(I=(3000)(0.027)(5)\\= $405\)
Second method:
The formula for annual compounding is \(A=P(1+r)^t\), where A = amount, P = principal (initial) amount, r = rate of growth, t = years.
\(A=5000(1+0.027)^3\)
=\(5416.0334\)
Third method:
The formula for periods within a year is \(A=P(1+\frac{r}{n})^n^t\). There is now the added value of n (number of periods per year). Since there are 3 quarters per year, n will be 4.
\(A=5000(1+\frac{0.039}{4})^4^*^3\\=5000(1.00975)^1^2\\= 5617.4129\)
Sum after 3 years is $1,135.30
state five Forest reserve in Ghana
Answer:
Akrabong, Obotoumfo, Abasumba, Ahirasu Nos one and two
Rick has a great idea about a new product to sell. He needs
money to get started building his brand. What type of loan does
he need?
A. Mortgage
B. Business
C. Home equity
D. Auto
what is automated teller machine car
state 4 advantages of using automated machine
Answer:
An automated teller machine is an electronic machine that allows the transaction of money from one's account.
Advantages of the ATM are-
1. It provides easy access to one's account.
2. It saves time and energy.
3. It reduces the workload of the bank employees.
4. Its service is available anywhere 24/7.
Explanation:
An automated teller machine (ATM) is an electronic machine that allows an individual to complete basic transactions without the need for any bank personnel to help. This type of machine is generally used to withdraw and deposit cash from and into one's bank account.
Four advantages of an automated teller machine are-
1) It provides convenience to the customers, saving one's energy and time.
2) Its service is available 24/7.
3) It allows access to one's account anywhere.
4) It reduces the workload of the bank employees.
An Automated Teller Machine (ATM) car refers to a vehicle equipped with an ATM, typically used for mobile banking services in locations where a fixed ATM is not available or convenient.
Advantages of using an Automated Teller Machine (ATM) include:
Convenience: ATMs offer 24/7 access to banking services, allowing users to withdraw cash or perform various transactions at their convenience. With an ATM car, this convenience can be extended to different locations, such as events, rural areas, or areas with limited banking infrastructure.
Accessibility: ATMs provide accessibility to banking services for individuals who may not have access to a nearby bank branch. The mobility of an ATM car can further enhance accessibility, reaching underserved or remote areas where may be limited.
Time Savings: Using an ATM can save time compared to traditional banking methods. With an ATM car, users can access banking services without the need to travel to a physical branch, reducing time spent commuting and waiting in queues.
Privacy and Security: ATMs provide a secure and private environment for conducting financial transactions. Using an ATM car can enhance security by ensuring that the machine is monitored, maintained, and operated by authorized personnel.
This can instill confidence in users, knowing that their transactions are conducted in a controlled and secure setting.
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Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using _____________ language.
Diagnostic
People-first
Inappropriate
Boundary-safe
Answer:
People-first
Explanation:
People-first language is a form of linguistic medication style involving a speaker putting a person before describing the actual diagnosis, that is, what a person "has" rather than asserting what a person "is."
For example, “a man walks with crutches” rather than” he is disabled.” Person-first language tends to be positive and promotes abilities rather than limitations.
Hence, in this case, Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using PEOPLE-FIRST Language.
A self-management tool that provides an overview of upcoming commitments, appointments, and assignments by dates is a __________.
A self-management tool that provides an overview of upcoming commitments, appointments, and assignments by dates is commonly referred to as a calendar or schedule. This tool helps individuals keep track of their daily activities, meetings, and deadlines, ensuring that they are always prepared and on time.
In today's fast-paced world, a calendar is an essential tool for managing one's time and staying organized. It allows individuals to prioritize their tasks, set reminders, and plan ahead. With a calendar, individuals can easily see what they need to do and when, helping them stay focused and motivated.Calendars come in various forms, from paper planners to digital apps. Regardless of the format, the main purpose of a calendar is to help individuals manage their time efficiently. By using a calendar, individuals can make the most of their day, avoid overcommitting themselves, and achieve their goals.
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The €/$ spot exchange rate is $1.50/€ and the 120-day forward exchange rate is 1.45/€. The forward premium (discount) is : a) the dollar is trading at an 8% premium to the euro for delivery in 120 days b) the dollar is trading at a 10% discount to the euro for delivery in 120 days c) the dollar is trading at a 5% discount to the euro for delivery in 120 days.
The forward premium or discount is calculated by comparing the spot exchange rate to the forward exchange rate. In this case, the spot exchange rate is $1.50/€ and the 120-day forward exchange rate is 1.45/€.
To calculate the forward premium or discount, we need to determine the percentage difference between the two rates.
First, we need to calculate the difference between the spot and forward rates:
$1.50/€ - 1.45/€ = $0.05/€
Next, we need to determine the percentage difference:
($0.05/€ ÷ $1.50/€) x 100% = 3.33%
Since the forward exchange rate is lower than the spot exchange rate, this indicates a discount on the dollar. Therefore, the correct answer is (c) the dollar is trading at a 5% discount to the euro for delivery in 120 days.
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(e) Describe the distinctions between GAAP and IFRS.
. (a) Discuss the factors to be considered in computing depreciation, 6
(6) ABC Ltd. bought a machine for Tk. 10,00,000 with an estimated life of 5 years and a salvage value of Tk. 50,000 at the end of life. Other related cost are freight charges Tk 50,000 and installation cost Tk. 100,000. The estimated useful life of the machine is 1,10,000 hours. During the first three years of operation the machine used for 15000 hours in the first year, 25000 hours in the second year and 35000 hours in the third year.
You are required to calculate depreciation for the first three years of operation under the following methods:
(0 Straight Line (i) Double Declining Balance () Production (iv) SYD.
GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) are two major accounting frameworks that are used in financial accounting.
The key differences between the two frameworks are as follows: GAAP is primarily used in the United States, while IFRS is used in more than 120 countries worldwide. GAAP provides more detailed guidance on revenue recognition than IFRS.
IFRS is less rule-based and more principle-based than GAAP.GAAP allows the use of LIFO (last in, first out) inventory valuation method, while IFRS does not permit its use. IFRS places greater emphasis on fair value measurements, while GAAP relies more on historical cost. Depreciation is the process of allocating the cost of an asset over its useful life.
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VOTE TOM NOOK FOR PRESIDENT FOR 2024
:0
yas I will vote him!
lol
wait..no! He will just take our money. My answer is a maybe.
Substitution and income effects of a change in price of a good may be used to explain the
direct relationship between price and quantity purchased.
O inverse relationship between price and quantity demanded.
direct relationship between price and quantity supplied.
direct relationship between income and demand.
Substitution and income effects of a change in price of a good may be used to explain the inverse relationship between price and quantity demanded.
What is the income and substitution effect?The substitution effect looks at the change in price of a good relative to other goods. If the price of a good falls, it becomes cheaper relative to other goods. As a result, consumers buy more of the good relative to other goods.
The income effect looks at how a change in price affects real disposable income. When the price of a good decreases, real disposable income increases. As a result, consumers can afford to buy more of the good as the consumers purchasing power has increased, holding money income constant.
So, when price falls, there is an increase in the quantity demanded. This is an inverse relationship.
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Use the confidence interval to find the estimated margin of error. Then find the sample mean. A store manager reports a confidence interval of (470,79 2) when estimating the mean price in dollars) for the population of textbooks. The estimated margin of error is I (Type an integer or a decimal) The sample mean is I (Type an integer or a decimal)
If the store manager reports a confidence interval of (470, 792) for the mean price of textbooks. The estimated margin of error is 161, and the sample mean is 631.
To find the estimated margin of error, we need to subtract the lower limit of the confidence interval from the upper limit and divide it by 2, as follows:
Estimated margin of error = (upper limit - lower limit) / 2
= (792 - 470) / 2
= 161
Therefore, the estimated margin of error is 161.
To find the sample mean, we need to take the average of the upper and lower limits of the confidence interval, as follows:
Sample mean = (upper limit + lower limit) / 2
= (792 + 470) / 2
= 631
Therefore, the sample mean is 631.
In summary, the store manager reports a confidence interval of (470, 792) for the mean price of textbooks. The estimated margin of error is 161, and the sample mean is 631. These values can be used to make inferences about the population mean with a certain level of confidence.
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Explain the importance of leisure activities.
Answer:
leisure activities improve the productivity of people
Explanation:
if you feel stressed and then go to a water park, you will get less stressed right?
Dakota earns $8.70 an hour for 37
Per month
hour week. How much is earned per week?
Answer:
$321.90
Explanation:
An economy produces ceramic plates. If the economy achieves allocative efficiency ______.
An economy produces ceramic plates. If the economy achieves allocative efficiency it produces the quantity on the PPF that is valued most highly.
If an economy is productive, then it must be allocatively efficient?An "ideal mix" of goods is produced by an allocatively efficient economy.In a perfect market, a firm is efficient whenever its price (P = MC) equals its marginal costs.
When businesses generate goods and services, is allocative efficiency achieved?Market equilibrium is reached when a specific quantity of a given good or service meets all of society's needs.Therefore, allocative efficiency occurs when the quantity of products and services produced is relatively near to what society desires.
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what are the syptoms for neat freak
when you try to keep everything 100% clean
Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.
Answer:
Yes.
Explanation:
There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.
a new challenge from a competitor, an inefficient process that needs to be improved, or a potential business opportunity could all represent which aspect of data storytelling?
A new challenge from a competitor, an inefficient process that needs to be improved, or a potential business opportunity could all represent the "conflict" aspect of data storytelling.
In data storytelling, the focus is on using data to communicate a message or support a decision. By analyzing and interpreting relevant data, businesses can uncover insights that may help them better understand the challenge/opportunity and develop a strategy to respond.
An inefficient process that needs improvement is an example of an internal factor that can impact a company's performance. By using data to identify the root cause(s) of the inefficiency, companies can make informed decisions about how to improve the process and optimize their operations.
Overall, data storytelling is about leveraging data to communicate a message and support decision-making. Whether it's responding to external challenges/opportunities or improving internal processes, data can provide valuable insights and inform effective action.
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a stock had a return of 9.7 percent last year. if the inflation rate was 2 percent, what was the approximate real return?
The approximate real return will be 7.7%.
A change in the average level of prices for goods and services across the economy is referred to as inflation. By comparing current prices of a group of products and services to previous prices, the government calculates inflation.
The interest rate before accounting for inflation is referred to as the nominal interest rate.
Real return plus inflation add up to total nominal return.
Approximate real return = Nominal return - Inflation rate
= 9.7 - 2
= 7.7
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Burton Co. Requests assistance allocating costs and determining the profitability of its two departments: Skis and Snowboards. Shared indirect expenses include rent and supervision. Use the Tableau Dashboard, with information from Burton’s December 31 year-end reports, for our analysis.
Compute gross profit for each department. 2. Allocate rent expense to each department.
Required 1Required 2
Compute gross profit for each department.
Department Gross Profit
Skis
Snowboards
Allocate rent expense to each department.
Rent expense Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost
Department Numerator Denominator % of Total
Skis
Snowboards
Totals
Based on the sales and cost of goods sold for both departments of Burton Co., the gross profits are:
Skis - $58,000.Snowboards - $15,000.The rent expenses can be allocated as:
Skis - $5,400.Snowboards - $2,400.What are the departmental gross profits?This can be found as:
= Sales - Gross profit
Ski department: Snowboards:
= 100,000 - 42,000 = 75,000 - 60,000
= $58,000 = $15,000
What are the rental expenses?The allocation base for the rent expenses is the square feet occupied by each department.
Ski department:
Allocation Base Percent of base Cost to be allocated Allocated cost
14,000 feet² 70% $8,000 $5,600
Snowboard department:
Allocation Base Percent of base Cost to be allocated Allocated cost
6,000 feet² 30% $8,000 $2,400
Percent of base for Ski department is:
= 14,000 / (14,000 + 6,000)
= 70%
Allocated cost is:
= 70% x 8,000
= $5,600
Percent of base for Snowboard department is:
= 6,000 / (14,000 + 6,000)
= 30%
Allocated cost is:
= 30% x 8,000
= $2,400
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What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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if a company receives $13,800 from a client for services provided, the effect on the accounting equation would be:
The effect on the accounting equation would be an increase in assets (cash) by $13,800 and an increase in equity by $13,800.
When a company receives $13,800 from a client for services provided, it affects the accounting equation as follows:
- Assets: The cash received from the client increases the company's cash balance by $13,800.
- Liabilities: There is no impact on liabilities in this transaction.
- Equity: Since there is no change in liabilities, the increase in cash will also increase the company's equity by $13,800.
To summarize, the effect on the accounting equation would be an increase in assets (cash) by $13,800 and an increase in equity by $13,800.
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4. In your progress report, you want the Work Completed section to follow your
Summary of Costs. To date, the company has rewritten the home page content,
created a new logo, and updated the overall structure of the site. Currently, an idea
for site navigation has been proposed but not yet confirmed. You want to include a
visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services,
Customer Reviews, and Contact. The About section would include links to History
and Our Mission; the Services section would also include links to Pricing, Scope, and
Timeline. Show an example of a simple, custom graphic to display the navigation. (3
points)
Links to About, Services, Customer Reviews, and Contact are included in the suggested navigation option, along with dropdown menus for About (History and Our Purpose) and Services (Pricing, Scope, and Timeline).
What type of bar chart is most popular?When showing a sequence of statistics over time, it is highly helpful. If long labels are needed, vertical bar graphs have the drawback of not leaving much room at the bottom of the chart.
Which bar charts are frequently employed to display time series data?Using a sequence of bars, time series bar charts can display changes in a metric over time. This allows you to plot several series, display the breakdown of a metric across dimensions, and display the evolution of the values over time.
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UNIVERSITY OF ZAMBIA GRADUATE SCHOOL OF BUSINESS FINANCIAL REPORTING: BAF3010 FINANCIAL REPORTING ASSIGNMENT 2 Due date July 22, 2022 Time 24:00hrs QUESTION ONE ANSWER ALL QUESTIONS The core principle in IAS 36 is that an asset must not be carried in the financial statements at more than the highest amount to be recovered through its use or sale. If the carrying amount exceeds the recoverable amount, the asset is described as impaired. The entity must reduce the carrying amount of the asset to its recoverable amount, and recognise an impairment loss. IAS 36 also applies to groups of assets that do not generate cash flows individually (known as cash-generating units). a) Identify and discuss both the Internal and External indicators Impairment
Internal indicators of impairment include obsolescence or physical damage, significant changes in asset use, and internal performance measures. External indicators of impairment include market conditions, technological advancements, legal or regulatory changes, and economic factors.
Internal indicators of impairment:Obsolescence or physical damage: If an asset becomes obsolete or suffers physical damage that affects its ability to generate cash flows, it may indicate impairment. For example, technological advancements can render certain equipment or software obsolete, reducing their recoverable amount.
Significant changes in the asset's use: If there are significant changes in how an asset is used or its operating conditions, it may impact its future cash flows. For instance, a building that was originally used for manufacturing purposes but is now repurposed for office space may experience a decrease in its recoverable amount.
Internal performance measures: A decline in the asset's performance metrics, such as a decrease in sales, market share, or profitability, can suggest impairment. These indicators may vary depending on the nature of the asset and the industry it operates in.
External indicators of impairment:Market conditions: Changes in market conditions, such as a decline in demand for a product or service, can impact an asset's recoverable amount. For instance, if there is a significant decrease in the market value of a property due to unfavorable economic conditions, it may indicate impairment.
Technological advancements: Rapid technological advancements can render certain assets obsolete or less valuable. For example, the emergence of new software or machinery may make existing assets less efficient or outdated, reducing their recoverable amount.
Legal or regulatory changes: Changes in laws or regulations can affect an asset's value or its ability to generate cash flows. For instance, the imposition of stricter environmental regulations may require costly upgrades to a manufacturing facility, impacting its recoverable amount.
Economic factors: Economic factors such as inflation, interest rates, or exchange rates can impact the recoverable amount of an asset. For example, high inflation rates can erode the value of fixed assets over time.
It is important to note that these indicators are not exhaustive, and the specific circumstances of each entity and its assets should be considered when assessing impairment. Regular monitoring and evaluation of assets are necessary to identify any indicators of impairment and determine the appropriate accounting treatment under IAS 36.
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Often, an objection is simply a request for
A. a discount
B. a different salesperson
C. more time
D. more information
Answer:
C. and D.
Explanation:
An Objection is when a certain something strongly disagrees with a reasoning But that reasoning can be very challanging to be dealt with. an expression or feeling of disapproval or opposition; a reason for disagreeing.
What is scarcity? I need to know
Answer:
being in short supply of something
Answer: An inadequate amount of something; a shortage.
Scarcity means to be on low of something. So if you were low on stuff in your house like paper towels that means you have a shortage of something.
Match the types of goods with their characteristics regarding exclusivity and rivalry. The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives. a. It can be exclusive or not It can be rival or not b. It is exclusive It is rival c. It is nonexcusive It is nonrival 1. Semiprivate Goods and Services a 2. Private Goods and Services a 3. Public Goods and Services
Answer:
1. Excludability
2. Rivalry in Consumption
3. 4 Different Types of Goods
4. Private Goods
Explanation:
Which type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost?.
The type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost is: Private Fee-for-Service (PFFS), Medicare Supplement Insurance Plan.
What is medicare advantage plan?Medicare advantage plan can be defined as a health insurance coverage plan that help to cover the medical costs of people under the plan.
The type of Medicare advantage plan that also covers some benefits out-of-network are:
Private Fee-for-Service (PFFS)Medicare Supplement Insurance PlanPreferred Provider Organization (PPO)Point-of-Service (POS) Plan(right)Learn more about medicare here:https://brainly.com/question/1960701
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At Frank's company, the strength of the organizational structure is that the results are based on
the effectiveness of the managers, but its main weakness is costs can be increased due to a
decrease in efficiency. This is an example of which structure?
Osimple
O functional
O divisional
O matrix
Answer:
divisional
Explanation:
-A simple structure s a structure in which there is little specialization and there is a central authority that controls everything and has the power.
-Functional structure is a structure in which a company is divided in groups according to specialized activities. Because of this specialization, companies with this structure can increase productivity but the communication is rigid and the cooperation between departments is difficult.
-Divisional structure is a structure in which there are different divisions and each one concentrates on a specific product or service and has all the functions and resources for that. This structure can create inefficiencies because the specialized functions are separated but the results of one division don't affect the other ones.
-Matrix structure is a structure in which employees report to more than one manager and it is used in companies that have different lines to have more flexibility and increase productivity.
According to this information and the statement, the answer is that this is an example of divisional stucture because in this structure each division has its own resources and specialized functions and because of that the results are based on the effectiveness of the managers but as each division has its own specialized functions, this creates inefficiencies.
write command to list of available database on your pc
show tables;
Explanation:
[ db name ];
Which tasks would be performed by someone in an Administration and Information Support career?
analyzing information to predict future sales and supervising others
answering telephone calls and filing paperwork
training employees and administering employee benefits
hiring and firing employees and approving budgets
Answer:
B. Hope this helps my friend!
Explanation:
Answer:
anwer is B
Explanation: