To test for overstatement of sales and understatement of expenses, the auditor needs to perform substantive tests of transactions. These tests evaluate the validity, accuracy, and completeness of individual transactions recorded in the financial statements.
The auditor may use various procedures, such as vouching, tracing, and testing the internal controls related to the relevant accounts.
For testing overstatement of sales, the auditor can vouch for sales invoices to shipping documents and customer orders to ensure the completeness and accuracy of revenue recognition. The auditor may also test the adequacy of the allowance for doubtful accounts to identify any understatement of sales.
For testing the understatement of expenses, the auditor can perform a detailed review of expense accounts and supporting documentation, such as invoices and receipts, to identify any unrecorded expenses. The auditor may also test the internal controls related to the approval and processing of expenses to evaluate the effectiveness of the company's controls.
Overall, the auditor's objective is to gather sufficient evidence to form an opinion on the fairness of the financial statements and to identify any material misstatements.
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a shared leadership approach is a type of situational appraoch to leadership.
T/F
True. A shared leadership approach is a type of situational approach to leadership where team members take on leadership roles and responsibilities and work together to achieve a common goal. This approach emphasizes collaboration, communication, and trust among team members.
The success of a shared leadership approach depends on factors such as the team's level of skill and experience, the complexity of the task, and the organizational culture. In this approach, the content loaded is not only shared among team members but also generated collaboratively to ensure that everyone's perspective and expertise are taken into account.
True. A shared leadership approach is a type of situational approach to leadership. In this approach, leadership responsibilities are distributed among team members, rather than being centralized with a single individual. This allows team members to utilize their unique skills and expertise, adapting to the specific needs and challenges of the situation at hand. By sharing the leadership role, a group can be more flexible, responsive, and effective in achieving their goals.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answer:
wow
Explanation:
I'm gonna type a random answer
Walmart sells a bike that cost $100 to a customer for $250 cash. using a perpetual inventory system, the entry to record the sale includes a debit to and credit to for $250. the entry to record the cost of the sale includes a debit to cost of goods sold and a credit to for $100.
i. true
ii. false
1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the Cash account and a credit to the Sales Revenue account for $250.
2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the cost of goods sold and a credit to Inventory for $100.
What is the perpetual inventory system?The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.
Under this system, the cost of goods sold is debited and the inventory account is credited.
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Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
FindFor Inc. is an e-commerce retailer that sells a variety of merchandise. Through differentiating services like cash on delivery, easy return, and online tracking, the company has created more value for customers than its competitors (traditional, non-e-commerce businesses). Based on the information provided, it can be said that FindFor has a clear _____________ that provides the company with a competitive advantage over its competitors.
Answer:
strategic position
Explanation:
Given that a Strategic position is a form of the technique used by business managers to ensure their firms are delivering their commodities or services at a method that creates additional value and quite different than their competitors. It is often in terms of lower cost, or premium features.
Hence, in this case, and based on the information provided, it can be said that FindFor has a clear STRATEGIC POSITION that provides the company with a competitive advantage over its competitors.
Imagine you are a health care professional presenting an argument about the effort to strike a balance between cost-effectiveness as it relates to treatment and quality of care. Make an effective argument for one side or the other, using examples from scholarly sources
Answer:
Throughout the clarification section below the overview according to the situation given is summarized.
Explanation:
Those who understand the argument that it would be very crucial for healthcare institutions to find an appropriate equilibrium regarding cost savings in terms of treatment versus the outcome of education, although medical professionals could only be able to continue giving help regarding health so many of the community fairly if they can accomplish the goal of economic feasibility alone.Cost productivity, as well as the level of the product, have such a negative correlation with something which means that the expenditure would naturally decrease with either the improvement in the standard of treatment, consequently allowing the industry premium and yet at the same moment successful in performance.However, in the forthcoming development, insurance reveals greater interest about what kinds of expenditures or improvements are somewhat more successful in improving and encouraging the level of efficiency of healthcare organizations or what kinds of interventions as well as expenditures resulting throughout the bottom of the distribution or diversion.
if a company has 5 employees with annual salaries of $90,000, $60,000 ,$70,000 ,$90,000 and $20,000 respectively, what is the mean annual salary at the company?
Answer:
Mean annual salary = $66,000
Explanation:
Given the following data;
Number of employees = 5Employee's salaries = $90,000, $60,000 ,$70,000 ,$90,000 and $20,000.To find the mean annual salary at the company;
First of all, we would find the total amount of salaries.
Total amount = 90,000 + 60,000 + 70,000 + 90,000 + 20,000
Total amount = $330,000
Next, we would calculate the mean annual salary at the company;
\( Mean \; annual\; salary = \frac {Total \; salary}{Number \; of \; employees} \)
Substituting into the above formula, we have;
\( Mean \; annual\; salary = \frac {330,000}{5} \)
Mean annual salary = $66,000
Answer:
66,000
Explanation:
What is meant by internet?
Answer:
internet is a vast computer network providing communication and information throughout the world and it is easily accessible nowadays ❤️
what is internet?.
the internet can be defined as network of networks.
What refers to the study of your strengths and weakness and the identification of your area of interest?
Answer:
Personality inventory
Explanation:
If a firm produces a 13 percent return on assets and also a 13 percent return on equity, then the firm:________
If a firm produces a 13 percent return on assets and also a 13 percent return on equity, then the firm is operating at a level where its return on assets (ROA) is equal to its return on equity (ROE).
Return on assets (ROA) is a financial ratio that measures a company's benefit by calculating the rate of benefit created relative to its total resources. It is calculated as follows:
ROA = Net Income / Total Assets
Return on equity (ROE), on the other hand, measures the return on speculation for the company's shareholders. It demonstrates the benefit of the company from the viewpoint of its shareholders and is calculated as follows:
ROE = Net Income / Shareholders' Equity
In this circumstance, if the firm is able to attain a 13 per cent return on assets conjointly with a 13 per cent return on esteem, it suggests that the firm's efficiency is in line with the wants of its shareholders. It proposes that the firm is successfully utilizing its resources to produce benefits, and the return on venture for shareholders is in arrangement with the overall execution of the company.
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search a product except nestle and apple and explain following
steps regarding this
1. 5C's
2. STP
3. 4P's
Hide Folder Information Instructions Search a product (except Nestle \& Apple) and mention the following about th product: - 5P's - STP - 4P's
The 5C's, STP, and 4P's are important marketing concepts. They are used to analyze the market and help create a successful marketing strategy. Below are the explanations of each of them, followed by an example of a product that can be used to illustrate them.
1. 5C's: 5C's stands for company, collaborators, customers, competition, and context. This framework is used to understand a company's internal and external environment. A company must analyze all of these factors before launching a product. The following are the 5C's factors and how they affect a product:
Company: This factor is concerned with a company's capabilities. This includes their resources, strengths, and weaknesses. Collaborators: This factor refers to a company's partners, suppliers, and distributors. Customers: This factor focuses on a company's target market and their needs. Competition: This factor refers to a company's direct and indirect competitors. Context: This factor considers the wider social, economic, and political context that the company operates in.2. STP: STP stands for segmentation, targeting, and positioning. It is a marketing model used to create a marketing strategy that is effective in reaching a specific target audience. The following are the STP factors and how they affect a product:
Segmentation: This factor involves dividing the market into groups based on common needs, interests, or characteristics. Targeting: This factor involves selecting a specific market segment that the company wants to target. Positioning: This factor involves creating a unique position for the product in the minds of the target audience.3. 4P's: 4P's stand for product, price, promotion, and place. It is a marketing model used to create a marketing strategy that is effective in reaching a specific target audience. The following are the 4P's factors and how they affect a product:
Product: This factor refers to the product's features, design, quality, and packaging.Price: This factor refers to the price of the product and how it compares to competitors.Promotion: This factor refers to the marketing strategies used to promote the product.Place: This factor refers to the distribution channels used to sell the product. An example of a product that can be used to illustrate the 5C's, STP, and 4P's is Samsung's Galaxy smartphones.Learn more about 4P's : https://brainly.com/question/28017239
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what are the five steps of most mbo programs? how can companies use job enrichment as a method for motivating employees? what is behavior modification and how is it used in organizations?
Companies can use job enrichment as a method for motivating employees by giving them more responsibilities and opportunities to learn and grow in their role. This can involve providing training, increasing autonomy and decision-making authority, and allowing employees to work on projects that align with their interests and strengths.
The five steps of most MBO (Management by Objectives) programs are as follows:
1. Setting objectives: This involves setting specific and measurable goals for employees, which are aligned with the overall goals of the organization.
2. Developing action plans: This step involves developing a plan of action that outlines how the objectives will be achieved.
3. Monitoring progress: Regular check-ins are required to track progress towards the objectives and identify any obstacles that may be hindering progress.
4. Performance evaluation: At the end of a set period, performance is evaluated based on the extent to which objectives were achieved.
5. Feedback and rewards: Feedback is provided to employees on their performance, and rewards are given to those who have achieved their objectives.
Job enrichment can increase job satisfaction, motivation, and engagement, which can lead to improved performance and productivity. Behavior modification is a technique used in organizations to change employee behavior through positive or negative reinforcement.
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When selecting interests/activities to include on your résumé, select those that are _____.
relevant
challenging
interesting
dangerous
Answer:
When selecting interests/activities to include on your résumé, select those that are interesting.
Explanation:
You don't want to be stuck doing something you hate for a living. I might say challenging since everybody's brains need risk and challenge to develop and mature, but you don't want to k!ll yourself either when it could be easy.
Sue is considering splitting the cost of a new TV with her roommate. Her share would be $305.22. Can Sue afford this
Yes, she can make the purchase and have money left over.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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who wants brainlest i think i spelled it right
Answer:
ill take it lol but whats the catch??
Explanation:
Answer:
I dooooooooo plzzzzzzzzzzz!!!!!!1
Explanation:
Brainliest...
can someone tell me what car u like bc i need inspo, like a V6 or something
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
What shows the quantity of a product or service a supplier is willing to sell across a
range of prices?
Answer:
Supply curve or Supply schedule
Explanation:
A supply curve is a graphical presentation of the relationship between the price of a product, and the quantity suppliers are willing to sell in the market. It shows the different volume suppliers are happy to sell at different prices. A supply curve slopes from the bottom moving upwards showing how quantity supplied increases as price rises.
The supply schedule shows much quantity suppliers are willing to sell in the market at different prices. The supply presents this information in a table format. Both supply curves and supply schedule give the same information. While the supply curve is a graphical presentation, the supply schedule presents the same data in a table format.
Which law or regulation requires that the ceo and cfo of public companies must certify in writing that their company’s annual and quarterly reports are accurate and complete?.
The Sarbanes-Oxley Act of 2002 is the legislation that laws stipulates that the ceo and cfo of publicly traded firms must certify in writing that the annual and quarterly reports of their organization are true and correct.
This phrase is used to describe the laws and rules that have been put in place in a location with the intention of being able to direct the conduct of the local populace.
The CEOs must comply with the requests made in this question, according to section 302 of this statute.
Congress in the United States approved the Sarbanes-Oxley Act of 2002. The passage of that law was motivated by the need to protect the nation's investors from all fraudulent operations.
The Sarbanes-Oxley Act of 2002, then, is the law that stipulates that the CEO and CFO of publicly traded firms must certify in writing that their company's annual and quarterly reports are true and complete.
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The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answer:
The most correct answer is D
What kinds of resources will a green design company choose?
O Resources that are sustainable and that won't negatively impact people socially or economically.
O Resources that are sustainable for 10 years.
O Resources that are hard to find that won't negatively impact people socially or economically.
O None of them.
O Resources that are rarely used and therefore will make the company more profit.
Answer: A green design company will choose resources that are sustainable and that won't negatively impact people socially or economically.
Explanation:
A green design company will most likely choose resources that are sustainable and won't negatively impact people socially or economically. This means that they will prioritize materials and resources that are eco-friendly, renewable, and non-toxic.
A green design company may also prioritize resources that have a long lifespan, as this reduces waste and minimizes the need for replacement.
It is unlikely that a green design company would choose resources that are hard to find or rarely used, as this could make their products and services more expensive and less accessible.
Your finance rate is determined by your credit history and credit rating.
True
False
Answer: True!
Explanation:
Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answer:
D. Your debt increases as you use your credit card more
When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.
Hope this helps :)
Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.
What is credit card?
A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.
By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.
Therefore, option (d) is correct.
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The settlement alternatives: Alternative 1: Tom would be paid $300,000 up front and would also receive the equivalent of his annual pay once each year for the remainder of his estimated working years (22 payments)
The settlement alternative mentioned states that Tom would be paid $300,000 up front, and in addition to that, he would receive the equivalent of his annual pay once each year for the remaining years of his estimated working life. This means that Tom will receive 22 payments in total.
To calculate the total amount Tom would receive under this settlement alternative, we need to consider his annual pay and the number of remaining working years.
Let's assume Tom's annual pay is $50,000.
The total amount Tom would receive each year for the remainder of his estimated working years is $50,000.
So, the total amount Tom would receive annually for the remaining years is 22 payments * $50,000 = $1,100,000.
Adding the upfront payment of $300,000 to the annual payments, the total amount Tom would receive under this settlement alternative is $300,000 + $1,100,000 = $1,400,000.
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an auto dealership always maintains 100 cars of various types in its show room. the dealership sells on average 300 cars per quarter. find the inventory turnover ratio for the year (assume that each car cost is the same, and the number of cars sold is same for each quarter).
The inventory turnover ratio for the year is 1.
The pace at which inventory stock is sold, utilized, and replaced is referred to as inventory turnover. Divide the cost of products by the average inventory for the same time to get the inventory turnover ratio. A larger ratio indicates good sales, whereas a lower ratio indicates dismal sales. Inventory turnover is a measure of how many times inventory is sold or utilized in a certain time period, such as a year. It is computed to determine whether a company has an excessive inventory in proportion to its sales level.
A high turnover rate, on the other hand, may suggest insufficient inventory levels, which may result in a loss of business due to insufficient inventory. This frequently leads to stock shortages.
Inventory turnover ratio = Net sales / Average sales
= 1200/1200
= 1
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Larry lives in a rundown house next to the lot that Gus has claimed and is tired of the incessant noise coming from Gus's camper, including loud music and TV. In addition, Gus hosts crazy dance parties outside of his camper every night. This has been going on for three months, and Larry can't take it any longer. Gus's activities represent _____. trespass trespass nuisance nuisance negligence negligence fraud
Answer:
nuisance
Explanation:
A longitudinal study is characterized by each of the following statements EXCEPT:
a.
It involves a panel, which is a fixed sample of elements.
b.
Elements may be stores, individuals, or other entities.
c.
The panel remains relatively constant through time.
d.
Characteristics of the elements, or sample members, are measured only once.
e.
Members may be added to replace dropouts or to keep the panel representative.
A longitudinal study is characterized by all of the statements provided.
A longitudinal study is a research design that involves studying the same sample or panel of elements over an extended period. The statements mentioned in options a, b, c, and e are all characteristics of a longitudinal study. Option d, however, is incorrect. In a longitudinal study, characteristics or variables of the elements (sample members) are measured repeatedly over time to observe changes, trends, or relationships. This repeated measurement is a key aspect of longitudinal studies and allows researchers to track individual or group-level changes, identify patterns, and examine the effects of time on the variables of interest.
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Isa bought goods on credit from Ammar. The goods had a list price of $1000 but Ammar allowed Isa trade discount of 10% and cash discount of 4%.
How much did Isa have to pay Ammar?
Answer:
$600 correct me if im wrong
add criteria to this query to return only the records where the value in the credits field is greater than 120 and less then 130
To add criteria to the query and return only the records where the value in the "credits" field is greater than 120 and less than 130, you can use the following SQL statement:
sql
SELECT *
FROM table_name
WHERE credits > 120 AND credits < 130;
Here's a step-by-step explanation of the SQL statement: 1. `SELECT *` is used to select all columns from the table. You can replace `*` with the specific columns you want to retrieve if needed. 2. `FROM table_name` specifies the name of the table you are querying. Replace `table_name` with the actual name of the table you are working with.
3. `WHERE credits > 120 AND credits < 130` is the criteria that filters the records based on the "credits" field. It checks if the value in the "credits" field is greater than 120 and less than 130. By adding this criteria to the query, only the records that meet the specified conditions will be returned. You can adapt this SQL statement to your specific database and table names.
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Your younger cousin Mary is a rising senior in high school this year and has been researching the cost of attendance at several colleges. She emails you because she knows that you have just learned about paying for college and she has some serious concerns. Here are some excerpts from her email: --Despite her strong academic performance in high school and her interest in pursuing a career in chemical engineering, Mary reveals, “I’m starting to think that college just isn’t worth it. I don’t see how a college degree is going to help me in the future if it costs so much. Aren’t I better off just going straight into a job with my high school degree and saving my money?” --“I’ve been looking at the published costs of attendance on college websites, and they’re insanely high! There’s no way my family and I can afford such prices.” --“I know financial aid is available for students, but I don’t know what types there are, let alone how to apply for financial aid. Even if I knew how to apply, should I apply? I don’t think I’ll qualify and I don’t want to put in all that work for nothing.” --“I know that I have to start paying my loans right after I graduate college. But what if I don’t have a job by that time? And what if I can’t afford my monthly payments? I don’t want to take that risk.” You recognize that Mary has a few misconceptions and gaps in knowledge about how to pay for college and want to make sure that she makes a decision based on the right information. In 4-5 paragraphs, respond to Mary about each of her concerns.
Please note that the type of letter described above is an informal Letter. This is because there is an existing relationship with the recipient of the letter.
How do you write an Informal Letter?An informal letter should:
have your address on the top right cornerhave the date of the letter underneath your addressstart with a salutation such as "Hello Mary"have an introduction that is may or may not be personal. But preferably personal since you know Mary personally. For example, "It's been a while, Mary, I trust this meets you and yours well."have a body that is clear, and specific. Remember your intention is to narrate your experience. Use short sentences.have a great closing. You may use "Best" or "Warmest regards", or "Best wishes" since this is an informal letter.The last item should be your name and your signature. Your signature should come before your name.
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