auditors complete procedures to ensure reported sales transactions were not created to fraudulently inflate profits to in order to test the
Answers
auditors go through procedures to make sure that reported sales transactions weren't made to fraudulently inflate profits in order to test the occurrence assumption,
An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations. They guard companies against fraud, call attention to inconsistencies in accounting procedures, and, occasionally, they operate as consultants, assisting firms in identifying ways to improve operational efficiency. Within various industries, auditors serve in a variety of roles. Auditors evaluate financial operations and guarantee that businesses are managed effectively. They are responsible for following the cash flow of a business from start to finish and making sure that the money is correctly accounted for. so auditors complete procedures to ensure reported sales transactions were not created to fraudulently.
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Related Questions
Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?
Answers
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Which step of the legislative process is missing?
with answers in screenshot
Answers
The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration
Answers
Answer:
B. Management.
Explanation:
Management can be defined as the process of controlling and making decisions about a business.
The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.
Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.
Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.
Boulderstan is a country that produces only granola and tofu. Denverstan is also a country that produces only granola and tofu.
A. Assuming that producing these goods involves an increasing opportunity cost, draw a fully labeled Production Possibility Curve graph that illustrates Boulderstan’s possible production.
b. On the same graph, show how Boulderstan could move from producing an equal amount of granola and tofu to producing more granola. Assume that Boulderstan continues to produce at peak efficiency.
c. On the same graph, show how increased education would affect Boulderstan’s production’s over the long run.
d. Assume that Boulderstan and Denverstan produce according to the chart below. If the countries each specialized in one product and then traded, which country should specialize in granola and which in tofu? Why? Explain.
e. What are the terms of trade for a unit of granola, according the information in the chart below?
Answers
A. To draw a fully labeled Production Possibility Curve graph for Boulderstan's possible production, you would need to use the two goods, granola, and tofu, as the graph's axes. The x-axis represents the quantity of granola produced, and the y-axis represents the quantity of tofu produced. Start by plotting points on the chart corresponding to different combinations of granola and tofu that Boulderstan can pay. Connect these points to form a curve representing the production possibilities for Boulderstan. Label the curve as the Production Possibility Curve.
B. To show how Boulderstan could move from producing an equal amount of granola and tofu to producing more granola, you would need to shift the production point along the Production Possibility Curve toward granola. This can happen if Boulderstan reallocates some of its resources from producing tofu to producing granola while maintaining peak efficiency. Plot the new production point on the graph, reflecting the increase in granola production. C. To show how increased education would affect Boulderstan's production in the long run, you would need to shift the entire Production Possibility Curve outward. This is because increased education can improve technology, skills, and productivity, allowing Boulderstan to produce more granola and tofu with the same resources. Plot the new Production Possibility Curve on the graph, showing the increased production possibilities for Boulderstan. D. To determine which country should specialize in granola and which in tofu, compare the opportunity costs of producing these goods in Boulderstan and Denverstan. The country with a lower opportunity cost for a particular good should specialize in that good. The opportunity cost of producing one unit of granola is the amount of tofu that could have been produced instead, and vice versa. Compare the opportunity costs of granola and tofu production in both countries and identify the country with the lower opportunity cost for each good. That country should specialize in the good with the lower opportunity cost. E. The terms of trade for a unit of granola can be determined by comparing the opportunity costs of granola and tofu production in Boulderstan and Denverstan. The terms of trade represent the rate at which the two countries can exchange one good for another. In this case, the terms of trade for a unit of granola can be determined by comparing the opportunity cost of producing granola in Boulderstan to the opportunity cost of producing tofu in Denverstan. The exact terms of trade would depend on the specific opportunity costs in each country, which need to be provided in the question.
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A manager has 20 people report to her. Every year the manager is required to complete an evaluation of each worker's performance for the past year. If it takes approximately 40 minutes to complete an evaluation, how many hours will it take the manager to complete all of the evaluations (round to the nearest hour)?
Answers
The number of hours that it will take the manager to complete all of the evaluations is 13 hours.
From the information given, a manager has 20 people report to her and it takes 40 minutes to complete an evaluation, therefore, the number of hours to attend to all the people will be:
= 40 minutes × 20
= 800 minutes.
Therefore, converting 800 minutes to hours will be:
= 800 / 60
= 13.33 hours.
= 13 hours to nearest hour.
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What classifications are possible for a company's activities based on Porter's value chain model?
Based on Porter's value chain model, a company's activities can be classified as
competitive advantage, or
, which acts as a barrier to success.
which helps companies gain a
Answers
Answer: Common barriers to entry include special tax benefits to existing firms, patent protections, strong brand identity, customer loyalty, and high customer switching costs. Other barriers include the need for new companies to obtain licenses or regulatory clearance before operation.
Explanation: make me brainliest .
Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
BUSINESS 1. Explain five advantages a firm would enjoy by engaging in prize winning competition as a method of sales promotion.
Answers
Answer:
I hope my answer is good!
1- Increased brand awareness: Prize-winning competitions can generate a lot of buzz and excitement, which can lead to increased brand awareness and visibility for the company.
2- Increased sales: By offering a prize, companies can incentivize customers to purchase their products or services, resulting in increased sales.
3- Customer engagement: Prize-winning competitions can also help companies to engage with their customers, as they are more likely to participate in the competition if there is a chance to win a prize.
4- Cost-effective: Prize-winning competitions can be a cost-effective way for companies to promote their products or services, as the cost of the prizes can be less than the cost of traditional forms of advertising.
5- Consumer data collection: Prize-winning competitions can also help companies collect valuable data on their customers, such as contact information, demographic information, and purchasing habits.
Answer: creates new things
Explanation:
creates word of mouth
creates a reason to ,creates a focused marketing approach, creates great revenue, creates a source of information
Required-: JOURNAL ENTRY
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque
please help Me with this.
I'm still confused in it.
Answers
Explanation:
Given:
Paid 28,000 in full settlement
Explanation:
Books of (......LTD)
Journal entries
Particular Debit Credit
Sansee stores A/C DR. 30,000
To Discount A/C CR 2,000
To Bank A/C CR 28,000
All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of each maturity must be disclosedB spread must be disclosedC participation amount of each underwriter must be disclosedD customer must be sent a copy of the Official Statement, if available
Answers
Answer:
D
Explanation:
customer must be sent a copy of the official statement, if available
When a company purchases equipment, what account is credited in the
journal entry for this transaction?
A. Sales
B. Equipment
C. Depreciation
D. Cash
Answers
Answer: Cash.
Explanation: Cash is credited in the journal entry, because the asset cash decreases. (I know, it seems backwards and it’s hard to wrap your brain around it.)
she has enough funds to start the business, but not enough to run it effectively. what is one thing she can do to provide working capital to her company?
Answers
One thing you can do to provide working capital for your company is to manage it effectively. This means making sure funds are available to cover day-to-day operating costs, as well as invest in the growth and development of the business.
You may also consider seeking external financing, such as loans or investors, to help provide the capital needed to run your business effectively.
In summary, it is important to have sufficient funds to start a business, but it is also very crucial to run it effectively and responsibly to ensure that sufficient capital is available for the long-term success of the business.
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Bought a machine for Rs.100000 from ABC trading concern in account
Answers
Answer:
whats the question. Please let me know
Explanation:
Which of the following is not a dimension of service quality?
a. Tangibles
b. Reliability
c. Responsiveness
d. Assurance
e. Sympathy
Answers
The correct answer is (e) Sympathy.The dimensions of service quality are the key attributes that customers use to evaluate service quality.
The most commonly used dimensions of service quality are:
a. Tangibles: Physical facilities, equipment, and appearance of personnel.
b. Reliability: Ability to perform the promised service dependably and accurately.
c. Responsiveness: Willingness to help customers and provide prompt service.
d. Assurance: Knowledge and courtesy of employees and their ability to inspire trust and confidence.
These dimensions were originally identified by A. Parasuraman, Valarie A. Zeithaml, and Leonard L. Berry in their SERVQUAL model, which is widely used to measure service quality.
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What is forms of buisness??
Answers
Answer and Explanation:
Some forms of business are sole proprietorship, partnership, corporation, and s corporation.
A nation's supply of capital refers to its level of
a. common stocks and corporate bonds.
b. financial wealth.
c. production equipment.
d. monetary balances.
Answers
The correct answer is c. production equipment. A nation's supply of capital refers to the physical assets, such as machinery, equipment, and buildings, that are used to produce goods and services.
This type of capital is known as "physical capital" and is a critical factor in determining a nation's level of economic growth and development.
Product equipment refers to the machinery, tools, and other resources used in the production of goods. This includes everything from assembly line equipment to computer software and hardware used in product design and development.
In order to produce goods efficiently and effectively, companies must invest in the right product equipment. This requires careful planning and analysis of the production process, as well as an understanding of the specific equipment and technology needed to produce high-quality goods.
The choice of product equipment can also have an impact on the quality and cost of the final product. For example, investing in advanced manufacturing equipment may lead to higher productivity and efficiency, while also reducing the risk of errors and defects in the finished product.
Overall, product equipment plays a critical role in the production of goods, and companies must carefully consider their equipment needs in order to remain competitive in today's global economy.
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Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a:.
Answers
If the long-run demand for oranges is the same as the short-run demand, a binding price ceiling will result in a shortage that is larger in the long run than in the short run.
What is a binding price ceiling?
A binding price ceiling is when the government or an agency of the government sets the maximum price for a product below the the equilibrium price.
In the long run, as a result of the binding price ceiling, there would be a decrease in the supply of oranges. If the demand in the long run and short run is the same, there would be a shortage.
Here is the complete question:
Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.
Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a:.
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Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answers
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
Objective: Practice UML class diagrams
Problem Description :
The Mobile Car Rental Application must support the following features:
• A customer can make, cancel or edit a car rental reservation.
• The rented car can be collected from and returned to any of the car rental company’s 650 locations in 50 countries worldwide. The car rental company offers a range of vehicles in each country. The range may not be the same in each country.
• To make a rental reservation a customer must provide their name and contact email, the start and end dates and times of their rental, the pick-up and return rental locations, the category of car they wish to rent and a valid credit card.
• Once a rental reservation is confirmed, the customer will receive an email from the central reservation system with details of their rental, including an estimate of the charges, and a rental reference number.
• A customer can edit or cancel a booking by recalling their reservation from the central reservation system using the rental reference number for their booking and their surname.
• Once a booking is made a customer will receive email reminders 72 hours, 48 hours and 24 hours before their rental is due to begin.
• Frequent rental customers can become Platinum Rental Members and will be issued with a Platinum Membership Number.
• A Platinum Rental Member can set up preferences of rental cars, contact and credit card details which are automatically used when they make a reservation.
• A Platinum Rental Member is able to login by entering their Platinum Membership number and password to the Mobile Car Rental Application. Once logged in they can manage their rentals easier through an interface which shows a list of their current rentals from which they can easily make a new booking, or edit or delete an existing booking.
• A Platinum Member may also choose to talk to a customer support officer who will help them manage their rentals.
Tasks:
• Draw a detailed class diagram based on the above description.
Answers
The following is the class diagram of the Mobile Car Rental Application based on the given description. This diagram consists of the following classes and their relationships:
Booking: This class represents a booking made by the customer for renting a car.
BookingController: This class is responsible for managing all bookings made by customers.
BookingView: This class is responsible for displaying the details of a booking.Customer: This class represents the customer who makes a booking.
Customer Controller: This class is responsible for managing the customer details.
CustomerView: This class is responsible for displaying the details of a customer.
PlatinumMember: This class represents the customers who are members of the Platinum Rental Members program. Platinum Member Controller: This class is responsible for managing the Platinum Members.
Platinum Member View: This class is responsible for displaying the details of a Platinum Member.
RentalCar: This class represents a car available for rent.
Rental Car Controller: This class is responsible for managing all rental cars available for rent.
Rental Car View: This class is responsible for displaying the details of a rental car.
Rental Location: This class represents a location from where the car can be rented or returned.
Rental LocationController: This class is responsible for managing all rental locations.
RentalLocationView: This class is responsible for displaying the details of a rental location.
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prepare a memo that addresses the following questions: 1. which if any of the resources are overallocated? 2. assume that the project is time constrained and try to resolve any overallocation problems by leveling within slack. what happens? 3. what is the impact of leveling within slack on the sensitivity of the network? include a gantt chart with the schedule table after leveling within slack. 4. assume the project is resource constrained and resolve any overallocation problems by leveling outside of slack. what happens?
Answers
A sample memo that addresses the following questions: 1. "which if any of the resources are overallocated?" is given below:
To: All the directors
Make an evaluation of the resources in use and find out which ones are overallocated and give me an immediate feedback.
What is a Memo?This refers to the term that is used to describe and define a written communication. These messages, which are sometimes abbreviated "memos," are typically succinct and made to be quickly comprehended. Thus, memos can effectively convey crucial information in order to implement dynamic changes.
Hence, it can be seen that from the sample memo above, you would have a good idea on how to make subsequent memos and this would help you achieve your goals and answer the questions, and most importantly, pass your class test and exercises.
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A rental house has monthly gross income of $3,000. A suitable gross income multiplier derived from market data is 13. What estimated sale price (to the nearest $1,000) is indicated
Answers
The estimated sale price is $468,000.
What is sales price?A sales price means the price derived from sales of a product
Given Information
Monthly gross income is $3000
Suitable gross income multiplier derived from market data is 13
Estimated sale price = Monthly gross income * 12 months * Multiplier
Estimated sale price = $3000 * 12 * 13
Estimated sale price = $468,000
In conclusion, the estimated sale price is $468,000.
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When using a radial selection tool to analyze shipping costs from a production facility to different destinations, where should the circle be centered?
Answers
When using a radial selection tool to analyze shipping costs from a production facility to different destinations, The circle be centered at the production activity.
What do you understand by radical selection tool?
Th is one of the tool used in Tableau. The Radial tool selects marks within a circular area. In order to use the Radial tool, hover the arrow on the view toolbar, then click the Radial tool button, and then drag across the view.
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Which statement is true for a short-term goal?
A.
It is usually complex.
B.
It usually requires one to exert a lot of effort.
C.
It is usually related to the bigger things that you want to achieve.
D.
It usually takes less than a year to achieve.
Answers
Answer:
I would say D because it sounds more reasonable for me
T/F? In dividend discount models (DDM) with supernormal growth, supernormal growth may continue indefinitely.
Answers
The given statement “In dividend discount models (DDM) with supernormal growth, supernormal growth may continue indefinitely” false.
Because In dividend discount models (DDM) with supernormal growth, it is assumed that the supernormal growth rate will eventually decrease to a sustainable rate.
In DDM, the assumption is that dividends will eventually stabilize and grow at a sustainable rate in the long run, which is often estimated using the company's expected long-term growth rate.
Therefore, while supernormal growth may be projected for a certain period of time, it is not expected to continue indefinitely in DDM, as it is considered to be unsustainable over the long term.
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Case Study Balaji Viswanathan, founder, Invento Robotics
Assume that you’re in the business for the long run. Building anything big and important takes a long time. Assume that 5 years of your life are going to be gone building this. Most people give up by then. (Balaji Viswanathan)
Answers
Balaji Viswanathan, founder of Invento Robotics, emphasizes the importance of persistence and commitment when building something significant, acknowledging that it typically takes a considerable amount of time, approximately five years, to achieve substantial results.
Balaji's statement highlights the reality that success in building a significant venture requires long-term dedication and perseverance. Many individuals tend to give up on their endeavors before the five-year mark due to the challenges and setbacks encountered along the way. However, by mentally preparing for the long haul and maintaining a steadfast focus, entrepreneurs increase their chances of achieving their goals.
Balaji Viswanathan's message serves as a reminder that building something significant, whether it be a business or any other endeavor, is a long-term commitment. It underscores the importance of tenacity, resilience, and a willingness to invest substantial time and effort into the pursuit. By embracing this mindset, entrepreneurs can navigate the challenges and setbacks they may encounter on their journey, ultimately increasing their chances of achieving long-term success.
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The foundation of a marketing plan.
Answers
Answer:
Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast. To develop an effective plan based on your customers' needs and nature.
In an office 7/9 chair have wheel
What i the ratio between the number of chair with wheel and thoe without wheel?
a) 7:2 b) 7:9 c) 2:16 d) 7:16
Answers
Seven out of nine chairs in the office have wheels. Therefore, there are 7:9 seats with wheels in all. The answer is option (b).
What is the ratio between the number of chair?
A relative ratio is a form of fractional expression describing the connection between two or even more quantities. It is frequently used to compare the relationship between various quantities or to represent the ratio of one item to another.
Out of the remaining 2, there are no wheels on the chairs.
Therefore, the proportion of chairs without wheels to all chairs is 2:9.
Chairs with wheels outnumber chairs without wheels 7:2.
Alternately, the ratio 7:9 and 2:9 can be shortened to 7:2 and 2:9.
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a service company within the visitor industry that offers a host of programs and services to meet clients' needs is also called
Answers
A service provider or a service-oriented business within the visitor industry that caters to the various needs of clients. They typically offer a range of programs and services to enhance the overall experience of their clients during their visit.
A mortgage agreement, which specifies the terms and conditions of a mortgage loan between a borrower and a lender, is a legally binding document. A mortgage is a sort of secured loan, which means service provider that up until the loan is fully repaid, the lender has a legal claim to the collateral. The mortgage agreement specifies the loan's terms, including the interest rate, repayment plan, and any fines or costs related to late or missed payments. It frequently also contains clauses outlining the obligations and rights of both the lender and the borrower.
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Which is the most common type of precipitation?
Answers
Answer: Rain.
Explanation:
Bill Nye.
Answer: Rain
Explanation:
PLEASE HELP!! 20 POINTS!!!
Answers
The four steps that an accountant needs to follow when making an adjustment entry, in order are:
Determine the accurate account balances Check for the original journal entry Pass the necessary journal entries for the difference Calculate the difference between the correct and original account balances How to make an adjustment entry?In order to make an adjustment entry, the first thing to do is to check for the accurate balances of the account and then also check for the original entry made in the journal.
If the accurate balance and the original balance are not the same, then calculate the difference and make and adjustment.
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