can your client make changes, and if so, how would you track any changes to transactions within the closed period?
Answers
Yes, In case changes need to be made to transactions within a closed period, it is important to follow proper accounting procedures and adhere to regulatory requirements.
Some common approaches to track changes to transactions within a closed period include:
Documentation: Maintain detailed records and documentation of any changes made, including the reasons for the change, the person responsible, and the date of the change.
Approval and Authorization: Establish a formal process for approving and authorizing changes to transactions within a closed period. This may involve obtaining appropriate managerial approvals or oversight.
Audit Trail: Implement an audit trail system that captures all changes made to transactions within a closed period. This can include electronic audit trails or paper-based documentation, depending on the organization's systems and processes.
Segregation of Duties: Ensure that there is a clear separation of duties between individuals responsible for making changes and those responsible for reviewing and approving them. This helps prevent unauthorized or inappropriate changes.
Internal Controls: Implement internal controls to monitor and review changes made to transactions within a closed period. This can include regular reconciliations, periodic reviews, and independent audits.
It is important to consult with accounting professionals or experts in your specific jurisdiction or industry to ensure compliance with applicable regulations and best practices regarding changes to transactions within closed periods.
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Related Questions
How do you solve economic equations when they add percentages like 200% & add another # with it?
Answers
Answer:
Sorry if this is unclear btw!
Explanation:
A percentage is a number multiplied by 100. So, 200 ÷ 100 = 2. So, if you are adding 200% to a number, you only add 2. When multipliying by 200%, you multiply by 2. Same for subtraction and division!
what is the exact pattern of a consumer's navigation through a site?
Answers
The exact pattern of a consumer's navigation through a site can vary depending on a number of factors, including the individual consumer's goals, the layout and design of the site, and the user experience. However, there are some common patterns that are often observed in consumer navigation.
One common pattern is for consumers to start at the homepage of a site and then explore different pages based on their interests or goals. They may use a search bar or navigate through menus to find the information they are looking for.
As they explore the site, consumers may also use links or buttons to move between pages, or they may scroll through content to find the information they need. They may also use tools such as bookmarks or favorites to save pages for later reference.
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If elasticity of demand is 1.5, elasticity of supply is 0.7, and a 15% excise tax is levied on the good:
The fraction of the tax borne by consumers will be 0.43.
The fraction of the tax borne by consumers will be 0.58.
The fraction of the tax borne by suppliers will be 0.32.
The fraction of the tax borne by suppliers will be 0.68.
Answers
If elasticity of demand is 1.5, elasticity of supply is 0.7, and a 15% excise tax is levied on the good: The fraction of the tax borne by consumers will be 0.58.
To calculate the fraction of the tax borne by consumers, we use the formula: (Elasticity of Demand)/(Elasticity of Demand + Elasticity of Supply). In this case, the fraction of the tax borne by consumers would be (1.5)/(1.5 + 0.7) = 0.58. This means that 58% of the tax will be passed on to consumers in the form of higher prices, while the remaining 42% will be absorbed by the suppliers. The elasticity of demand and supply measures the responsiveness of the quantity demanded and supplied to changes in price, so the higher the elasticity, the more responsive the quantity demanded or supplied will be to changes in price.
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Which of the following is most likely reason that a regulated product may go
to market?
Answers
Answer:
B) it has passed testing and certification standards
Explanation: hope this helps!
Answer:
B IS CORRECT :))))
Explanation:
(PLEASE HELP) Why might someone choose to own a business rather than simply working as an employee at one? Compare and contrast the advantages and disadvantages that come with owning a business and discuss. Explore why you personally would or would not like to own a business one day.
Answers
Answer: Being a business owner can be extremely rewarding. Having the ... More importantly, you have the freedom to make the decisions that are crucial to your own business success.
Explanation:
:)
Quality control tools are not really used to fix quality so much as they are used to:_____.
Answers
Quality control tools are not really used to fix quality so much as they are used to alert when corrective action is needed.
Quality control is a procedure or set of strategies intended to make sure that a manufactured product or performed service adheres to a described set of quality criteria or meets the necessities of the purchaser or purchaser. QC is similar to, but not the same as, high-quality guarantee (QA).
There are several techniques of exceptional management. those include an x-bar chart, Six Sigma, one hundred% inspection mode, and the Taguchi approach.
Quality control is defined because the system of putting standards and checking out to make certain something, like a service or product, is accomplished efficaciously. An instance of satisfactory management is the branch in a production plant that is designed to look at each object to ensure that it is well prepared.
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steps in the decision-making process.
There are
a. 5
b. 7
C. 6
d. 4
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B
Explanation:
Answer:
B
Explanation:
Trust.
Jolene has always wanted to work in Physical Therapy. Which career would be the best choice if she wants to get into a job that has fast-growing availability?
A. Physical Therapist Assistant
B. Physical Therapist Aide
C. Physical Therapist
D. Physical Therapist Technician
help? D:
Answers
Answer:
A.) Physical Therapist Assistant
Explanation:
Just did on Edge 2020. Hope this helps you and others out.
The best career choice that would have taken by Jolene in order to work in the field of Physical therapy is to become a Physical Therapist Assistant.
Option A is the correct answer.
What is meant by physical therapy?Physical Therapy is a kind of treatment done by professionals to relieve a person from pain.
Physical therapist Assistants are professionals who are qualified with an accredited degree in the course of Physical Therapy Education. They are worked under the guidance of Physical Therapists. They also helped the physical therapists with the healthcare problems of the infants to the individual who died.
Therefore, the Physical therapist assistant would be the career chosen by Jolene in order to work in the desired field.
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Problem 15-33 (Algorithmic) Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to ten. The president of Kolkmeyer asked for a study of the need to add a second employee to the repalr operation. The arrival rate is 0.07 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.6 machines per hour. a. Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places. P 0 = t 2 = L= W G = hours W= haurs
Answers
the operational parameters for Kolkmeyer Manufacturing Company's single-employee repair operation: P0: The likelihood that there are no machines waiting to be repaired. t2: The typical length of time a machine waits to be repaired. L: The typical number of machines waiting to be repaired.
WG: The average amount of time (including both queue and service time) that a machine spends in the system.W: The amount of time on average that a machine waits in queue before being serviced. Using the M/M/1 queuing system formulas: P0 is equal to 1 minus (/), where / is the service rate and / is the arrival rate. t2 = P0 / (μ * (1 - P0)) L = λ * t2 WG = t2 + (1/μ) W = λ * WG Given: Arrival Each machine is clocked at a rate of () = 0.07 machines per hour. 0.6 machines per hour is the service rate. The arrival rate changes to 0.07 * 10 = 0.7 machines per hour due to the presence of ten machines. When these values are entered into the formulas: P0 = 1 - (0.7 / 0.6) ≈ 0.1667 t2 = 0.1667 / (0.6 * (1 - 0.1667)) ≈ 0.2381 L = 0.7 * 0.2381 ≈ 0.1667 WG = 0.2381 + (1 / 0.6) ≈ 2.9056 W = 0.7 * 2.9056 ≈ 2.0339 As a result, the single-employee repair operation's operational characteristics are as follows: P0 = 0.1667; t2 = 0.2381 0.1667 machines for L 2.9056 WG hours
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buying and selling goods, acquiring insurance, and using supplies represent __________ transactions.
Answers
Term that represents the Buying and selling goods as well as acquiring insurance, and using supplies is :Financial transaction.
Financial transaction can be regarded as agreement, or communication that Is being entered by a buyer and a seller so that asset can be exchanged for for payment.
It involves Buying and selling goods as well as acquiring insurance.Therefore, the correct term is
financial transaction.
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Whats your favorite Song guys
Answers
Memories by Maroon 5. I love this song.
Zachary, a college student, watches a financial show on television. The host is a well-known financial advisor. He is talking about borrowing from a 401 (k). This information is _____.
Answers
Answer:
This information will be "Reliable but irrelevant".
Explanation:
The knowledge and details seem to be accurate because he's such a possibly the best-known financial consultant even though it's meaningless because whatever he's concerned about benefits Zach as something of a student of the university. The narrator may be an extremely poorly-known financial planner, but Zachary certainly doesn't have to borrow from some kind of 401(k).how companies collude in South Africa
Answers
Collusion among companies in South Africa is an illicit practice of working together, often in secret, to increase their profits at the expense of consumers. Collusion typically takes the form of price fixing, where businesses agree to set prices at an artificially high level, or bid rigging, where companies agree to submit inflated bids for contracts.
Companies can collude in various ways in South Africa. First, firms can engage in cartel agreements, where they agree on pricing and output. This results in reduced competition and higher prices. Second, firms can engage in bid rigging, where they collude to manipulate the tendering process. This results in inflated contract prices and reduced competition. Third, firms can engage in market sharing, where they agree to divide up the market among themselves. This results in reduced competition, increased prices, and less choice for consumers.
Collusion is illegal in South Africa under the Competition Act 89 of 1998. The Act aims to promote competition in the South African market and prevent anti-competitive behavior. Companies that are found guilty of collusion can face hefty fines and legal action. Additionally, individuals who are found guilty of collusion can be imprisoned for up to 10 years.
In conclusion, collusion among companies in South Africa is a serious problem that reduces competition and harms consumers. It is important for companies to compete fairly and abide by the Competition Act to ensure a level playing field for all businesses and a fair deal for consumers.
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lydia is a typical or traditional type of manager who focuses on a workplace incentives like bonus pay for good work and longer hours when his team falls behind on a project. what type of leader is lydia? question 13 options:
Answers
Lydia is a transactional leader who focuses on achieving specific goals through a system of rewards and punishments, such as bonus pay for good work and longer hours when her team falls behind on a project.
Based on the given information, Lydia can be categorized as a transactional leader. Transactional leadership is a type of leadership style that focuses on achieving specific goals through a system of rewards and punishments. Transactional leaders are typically more traditional in their approach and tend to emphasize incentives such as bonuses, promotions, and recognition for good performance, as well as consequences such as reprimands or disciplinary action for poor performance. They often use a "carrot and stick" approach to motivate their team members to meet specific goals and targets.
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IT auditing may involve 1. audits of the IT organization/function II. audits of IT applications III. audits of IT applications/systems development and/or implementations OLI, O II and II Oland Ill 450*00 2 pts Oland II
Answers
The correct answer is:
I. Audits of the IT organization/function
II. Audits of IT applications
IT auditing involves both audits of the IT organization/function and audits of IT applications. These audits are conducted to assess the effectiveness, efficiency, and security of the IT systems and processes within an organization.
Audits of the IT organization/function focus on evaluating the management, governance, and control of the IT department, including areas such as IT strategy, IT infrastructure, and IT operations. Audits of IT applications, on the other hand, involve reviewing the design, implementation, and maintenance of specific software applications to ensure they meet business requirements and comply with relevant standards and regulations.
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Why might a marketer choose Internet advertising over television advertising?
A. Because Internet advertising is more expensive
B. Because the Internet has been around longer than television
C. Because television only reaches people over the age of 50
D. Because television advertising is more expensive
Answers
Answer:
D. Because television advertising is more expensive
Explanation:
Advertisement on the TV involves making a video that has to be of specified standards. Making the video is costly. After making the video, a company has to buys advertising time with media houses which, is also expensive.
Online or internet advertising is cost-effective. Many popular social media sites allow users to post advertisement messages for free.
Design app concept about Hotel Management System in app.moqups
Answers
Here's a guide on how to design an app concept about Hotel Management System in app.moqups.
Step-by-step guide:1. Create a new project in app. moqups and choose the device type you want to design for, such as a mobile phone or tablet.
2. Add a background image that represents a hotel or a hotel room.
3. Start by creating a landing page with the name and logo of the app and the main functionalities of the app. This page should also include a search bar to search for hotels.
4. Design a search results page that displays a list of hotels based on the user's search criteria, such as location, price, and ratings. Each hotel listing should include an image, name, description, and rating.
5. Create a hotel details page that displays more information about the hotel, such as the amenities, room types, rates, and availability. This page should also include a booking button that takes the user to a booking page.
6. Design a booking page that allows the user to select the check-in and check-out dates, the number of rooms and guests, and the payment method. This page should also include a summary of the booking details and a confirmation button.
7. Create a profile page that allows the user to manage their bookings, view their booking history, and update their personal information.
8. Design an admin dashboard that allows the hotel staff to manage the bookings, view the occupancy rates, and update the room availability. This dashboard should also include a messaging system that allows the staff to communicate with the guests.
9. Add additional features such as a review system, loyalty program, and chatbot that provides customer support. Hopefully, this step-by-step guide helps you to design an app concept about Hotel Management System in app.moqups.
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what type of fraudulent activity involves an employee who assists a consumer in fraud?
Answers
The type of fraudulent activity that involves an employee who assists a consumer in fraud is known as collusive fraud.
In this type of fraud, an employee of a company colludes with a customer to commit fraudulent activities, such as theft, embezzlement, or unauthorized use of company resources.To prevent collusive fraud, companies should implement strong internal controls and monitoring mechanisms, conduct regular audits, and provide ethics training to employees.
They should also encourage employees to report any suspected fraud or unethical behavior. Collusive fraud is a serious issue that can have significant financial and reputational consequences for companies. It can be difficult to detect, as it involves an employee who is actively participating in the fraudulent activity.
In some cases, collusive fraud may involve multiple employees who are working together to commit the fraud.To prevent collusive fraud, companies should implement strong internal controls and monitoring mechanisms.
This includes segregating duties, conducting regular audits, and implementing fraud detection software. Companies should also provide ethics training to employees, encouraging them to report any suspected fraud or unethical behavior.
Overall, preventing collusive fraud requires a combination of strong internal controls, employee training, and a culture of ethics and transparency. By taking a proactive approach to fraud prevention, companies can protect themselves and their customers from financial losses and reputational damage.
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tv show suggestions?
Answers
Answer:
the umbrella academy, the good place, locke and key, i'm not okay with this, and the end of the fkcunig world
Explanation:
Cruz company had revenues of 80175 and expenses of 50000 for the year its assets at the beginning of the year were 400000 at the end of the year assets were worth 450000
Answers
The return on assets for Cruz Company with a total revenue of $80,175 and total expenses of $50,000, given average assets of $425,000 is 7.1%.
Return on Assets = Net Income/Average Assets x 100
= $30,175/$425,000 x 100
= 7.1%
The return on assets indicates the profitability of Cruz Company relative to its assets. It is expressed as a percentage by dividing the Net Income with the Average Assets, then multiplied by 100.Data and Calculations:
Revenue = $80,175
Expenses = $50,000
Net income = $30,175
Assets:
Beginning balance = $400,000
Ending balance = $450,000
Average assets = $425,000 ($400,000 + $450,000)/2
Thus, the return on assets equals 7.1% for the year.
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which automobile manufacturer is known as ""the ultimate driving machine""?
Answers
The automobile manufacturer that is known as "the ultimate driving machine" is BMW.
The automobile manufacturer known as "the ultimate driving machine" is BMW. Here's a brief step-by-step explanation:
1. Identify the question: Determine which automobile manufacturer is associated with the slogan "the ultimate driving machine."
2. Recall the slogan: Recognize that this is a well-known slogan in the automotive industry.
3. Connect the slogan to the brand: Associate the slogan with BMW, a German automobile manufacturer.
4. Answer the question: BMW is the automobile manufacturer known as "the ultimate driving machine."
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How is product placement different from a commercial?
business sucks!
Answers
Answer:
Product placements in music videos range from 3-5 minutes whereas product placement in movies can range in 12 minutes-1.5 hours or more in length. A commercial is specifically geared specifically toward interrupted television with a 5-30 sec ad placed in between TV shows.
Product Placement is when a trademark is seamlessly incorporated into the story and plot, of video production.
What is Product Placement?
The significant kinds of product placement are either visual, verbal, signage, or usefulness.
Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.
A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.
A commercial is especially geared toward interrupted television with a 5-30 sec ad established in between TV exhibitions.
The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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"A nroject is expected to last 10 Weeks. 5 weeks in, the project has an Carned Value of sa0co and Planned Value of 33000 . flased on this performance, what is the 5 setedule forecast of the project? 15 wesks 10 weeks 5 weveks 20 weeks
Answers
Based on the schedule performance and the SPI value of 0.4, the projected or forecasted duration for the project is 25 weeks.
To calculate the schedule forecast of the project, we can use the concept of Schedule Performance Index (SPI). The SPI is calculated as the ratio of Earned Value (EV) to Planned Value (PV).
SPI = EV / PV
Given that the Earned Value (EV) is 40% (sa0co) of the Planned Value (PV), we can substitute these values into the SPI formula:
SPI = 40% / 100% = 0.4
The Schedule Performance Index (SPI) represents the efficiency of the project's progress compared to the planned schedule. A value less than 1 indicates that the project is behind schedule.
To forecast the remaining duration of the project, we can use the formula:
Remaining Duration = Total Duration / SPI
In this case, the total duration of the project is 10 weeks. Therefore, we can calculate the remaining duration for the given SPI value:
Remaining Duration = 10 weeks / 0.4 = 25 weeks
So, based on the schedule performance and the SPI value of 0.4, the projected or forecasted duration for the project is 25 weeks.
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What are the three basic functions of money ?
Answers
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
The three basic functions of money are store of value, unit of account, and medium of exchange.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.
As a result, the significance of the three basic functions of money are the aforementioned.
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As we move down along a linear demand curve, the price elasticity of demand becomes more?
Answers
Therefore, as we move down along a linear demand curve, the price elasticity of demand becomes more inelastic, indicating a smaller change in quantity demanded in response to a change in price.
As we move down along a linear demand curve, the price elasticity of demand becomes more inelastic. Price elasticity of demand measures the responsiveness of quantity demanded to a change in price. When demand is elastic, a small change in price leads to a relatively large change in quantity demanded. On the other hand, when demand is inelastic, a change in price results in a proportionately smaller change in quantity demanded.
When we move down along a linear demand curve, we are moving from a higher price and lower quantity demanded to a lower price and higher quantity demanded. This means that the change in price is becoming smaller, while the change in quantity demanded is becoming larger. As a result, the price elasticity of demand becomes more inelastic.
For example, let's consider a linear demand curve for a product like apples.
At a higher price, say $2 per apple, the quantity demanded may be 100 apples. As the price decreases to $1 per apple, the quantity demanded may increase to 200 apples.
In this case, the change in price is $1, while the change in quantity demanded is 100 apples. The price elasticity of demand would be 100/1 = 100, indicating elastic demand.
However, as we move down the demand curve, let's say the price decreases to $0.50 per apple and the quantity demanded increases to 400 apples.
Now, the change in price is only $0.50, while the change in quantity demanded is 200 apples. The price elasticity of demand would be 200/0.50 = 400, indicating a more inelastic demand.
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The Grossman model predicts that smoking rates are higher for people for whom health is both a consumption good and an investment good.1.True 2.False
Answers
The given statement is false.
The Grossman model, developed by Michael Grossman, does not predict that smoking rates are higher for people for whom health is both a consumption good and an investment good. The model proposes that individuals make decisions about their health based on the interplay of factors such as income, education, and health knowledge.
According to the Grossman model, individuals allocate resources to both the production of health and the consumption of health-related goods and services. It suggests that higher levels of income and education can lead to better health outcomes and lower smoking rates, as individuals prioritize investing in their health and have greater access to health information.
Therefore, the model suggests that higher levels of income and education are associated with lower smoking rates, as individuals value health as an investment good and make choices that promote their overall well-being. This contradicts the statement that smoking rates are higher for people for whom health is both a consumption good and an investment good.
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What is improved oven? in your own words.
Answers
Answer:
improved oven means improved cooking
Please comment on the opinion ""outsourcing simply should not occur because it is unethical to lay off productive and loyal workers just to save some money"". Or What if it was your job (or your parent’s job) being outsourced?
Answers
The opinion expressed is that outsourcing should not occur because laying off productive and loyal workers is unethical to save money. Outsourcing refers to reducing costs.
When considering this opinion, it is important to note that the ethical implications of outsourcing can vary depending on the specific circumstances and perspectives involved. While some argue that outsourcing can lead to the loss of jobs and negatively impact local economies, others believe it can lead to greater efficiency and economic benefits in the long run.
In the case of a job being outsourced, it can be challenging for the affected individual or their family. Losing a job due to outsourcing can have financial and emotional consequences. However, it is also important to acknowledge that outsourcing decisions are typically made based on business considerations such as cost savings and competitiveness in the global market.
When discussing this topic, it is essential to approach the conversation with empathy and respect for differing opinions. It is valuable to consider the broader economic implications and explore potential solutions, such as retraining and providing support for affected workers, to mitigate the negative impacts of outsourcing.
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The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
Answers
Answer:
The answer should be 600
Explanation:
30x20=600