The focal issue for audit procedures is the key queries that must be answered about administration's financial statement assertions.
What are the economic statement assertions for the balance sheet?There are four types of account balance assertions: Existence: The support, equity balances, and liabilities exist at the period ending time. Completeness: The assets, equity credits, and liabilities that are completed and considered to be recorded have been recognized in the financial statements. Assertions are the group of representations by a management team that was incorporated into the financial reports.
They are accuracy and valuation, existence, wholeness, rights and obligations, and display and disclosure.
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Ted's property is in foreclosure, but he has some equity in his property. An investor suggests that she and Ted enter into a sales contract for a substantially higher price than the investor would actually pay. The investor pockets the cash and allows the house to be foreclosed on. What sort of scheme is this
Based on the given information the sort of scheme is: Equity skimming.
What is Equity skimming?Equity skimming can be defined as the way in which an investor defraud or steal a person property equity because the property is in foreclosure.
Since the investor pockets the cash he received from Ted and allow the house to be foreclosed the investor is engaging in what is called equity skimming which is fraudulent acts.
Inconclusion the sort of scheme is: Equity skimming.
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a company estimates that warranty expense will be 2% of sales. the company's sales for the current period are $146,000. the current period's entry to record the warranty expense is: multiple choice debit estimated warranty liability $2,920; credit cash $2,920. debit warranty expense $2,920; credit sales $2,920. no entry is recorded until the items are returned for warranty repairs. debit estimated warranty liability $7,960; credit warranty expense $7,960. debit warranty expense $2,920; credit estimated warranty liability $2,920.
Debit warranty expense is $5,380. the company estimated warranty liability of $5380.
Estimated Corporate Expenses means the sum of (i) corporate expenses incurred prior to the filing date of the Estimated Closing Balance Sheet and (ii) a reasonable estimate of corporate expenses incurred after that date.
Estimated cost is a projection of the cost that will be incurred to build a product or to build something. This amount is derived as part of the internal project capital budgeting process or as part of the analysis.
When you're dealing with the information presented in a clustered frequency table, you don't know all the values, so you can't calculate the actual average. Instead, we do our best to estimate the mean.
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When a provider signs a contract to be a participating provider with an insurance payer they are agreeing to:
Answer:
Accept the fee schedules set by the insurance company.
Explanation:
A participating provider is defines as one who has entered into a written agreement with an insurance company to provide a given range of Medicare Part B services on an assigned basis.
Usually various fees are scheduled for each of the services provided.
The discount on services in this instance is not much and they are always obligated to provide service.
On the other hand preferred provider is one who provides services at a discount.
hack’s berries faces a short-run total cost of production given by =3−122 100 1,000 where q is the number of crates of berries produced per day. hack’s marginal cost of producing berries is
Based on the given short-run total cost equation, Hack's total cost of production is given by TC = 3q - (122/100)q^2 + 1000, where q is the number of crates of berries produced per day.
To find Hack's marginal cost of producing berries, we need to take the derivative of the total cost equation with respect to q:
MC = dTC/dq = 3 - (244/100)q
Therefore, Hack's marginal cost of producing berries is 3 - (244/100)q.
Note that the marginal cost is decreasing as the quantity of berries produced increases, as the coefficient of q is negative. This means that it becomes cheaper to produce additional crates of berries as Hack produces more. However, this relationship will only hold in the short run, as the total cost equation is specific to the current production conditions and may change in the long run.
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Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are experiencing economic profits. In the long run, we can expect:
New firms to enter causing the market price of soybeans to fall
The entry of a large number of new firms causes the market supply curve to shift to the right. As the supply curve shifts to the right, market prices begin to fall, and economic profits for both new and existing firms fall. Entry will continue to shift supply to the right as long as there are profits in the market.
How New Entrants Affect market price ?When a new company enters your market, the variables that influence your company's performance change, and you must react to maintain your position. How the new company overcomes existing entry barriers can guide your strategic response to the new situation. As the market changes, you must consider the strengths of the new entrant when developing a strategy to retain your customers.
When a new buyer enters a market, suppliers can often raise prices due to increased demand. To offer the same types of products in the market, the new entrant requires the same materials and components that you do.You can keep your pricing structure and compete on quality and unique features if you can lock in your supplier costs with long-term contracts while the suppliers charge the new entrant higher prices. If your suppliers raise their prices, you can reduce your inventory and look for alternatives for the most expensive items.
The introduction of a new competitor into a market tends to lower market prices. When more companies compete for the same market share, customers prefer those with lower prices, and the overall price level falls. You can compete on price if you have inherent cost advantages due to factors such as location, product design, or low labor costs.
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A new cafe opens in a country town. The manager of the cafe decides not to invest in advertising because the coffee is so good that he is confident that word will spread of the new cafe and its wonderful coffee. A marketing survey has shown that the percentage of the population in the country town who will hear of this new cafe is governed by the logistic model P(t)= A/B+e ^−kt
where P(t) represents the percentage of the town's population who hear about the cafe t days after the cafe opens. The constants A,B and k are to be determined from observations found by the market survey. The market survey of this word-of-mouth campaign finds that - On the day the cafe opened (at t=0)5% of the town's population had heard about the cafe. -
After one week (t=7) the word about the cafe has spread to 10% of the town's population. Eventually, that is, after a very long time, everyone in the town will have heard about the cafe.
(a) Given the three pieces of information provided by the marketing survey of this advertisement campaign, find the exact values of the constants A,B and k. Write the equation describing how many people will have heard about the cafe at time t days after the cafe opened.
The values of the constants in the logistic model are A = 100, B = 5, and k = 0.1. The equation describing the percentage of the population who hear about the cafe at time t is \(P(t) = 100 / (5 + e^{(-0.1t)})\).
To determine the values of the constants A, B, and k in the logistic model, we can use the information provided by the marketing survey. At t = 0, 5% of the town's population had heard about the cafe. This means that P(0) = 5. Plugging these values into the logistic model equation, we get:
\(5 = A / (B + e^{(-0.1*0)})\)
Since \(e^0\) = 1, we can simplify the equation to:
5 = A / (B + 1)
Similarly, at t = 7, 10% of the population had heard about the cafe. This gives us:
\(10 = A / (B + e^{(-0.1*7)})\)
Simplifying this equation, we have:
\(10 = A / (B + e^{(-0.7)})\)
Since we have two equations with two unknowns (A and B), we can solve them simultaneously. Dividing the second equation by the first equation, we get:
\(10/5 = (A / (B + e^{(-0.7)} / (A / (B + 1))\)
Simplifying further, we have:
\(2 = (B + 1) / (B + e^{(-0.7)})\)
Cross-multiplying, we get:
\(2(B + e^{(-0.7)}) = B + 1\)
Simplifying and rearranging, we have:
\(2B + 2e^{(-0.7)}) = B + 1\)
\(B = 1 - 2 \ e^{(-0.7)}Substituting this value of B back into the first equation, we can solve for A:5 = A / (1 - 2 e^{(-0.7)} + 1)A = 10 - 20 e^{(-0.7)}\)
Finally, we can determine the value of k by observing that in the long run, when everyone in the town has heard about the cafe, the percentage will approach 100%. Therefore, we have:
lim(t->∞) P(t) = 100
Substituting the values of A and B into the logistic model equation and taking the limit, we get:
\(100 = (10 - 20e^{(-0.7)} / (1 - 2e^{(-0.7)})\)
Simplifying this equation will give us the value of k.
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A special type of team formed to devise, design, and implement a new product is a ______.
task force
quality-assurance team
product-development team
project team
The special type of team formed to devise, design, and implement a new product is a product-development team. A product-development team is a group of individuals with diverse skills and expertise who work together to create, design, and implement a new product.
This team is responsible for identifying customer needs, conducting market research, generating ideas, prototyping, testing, and launching the final product. The product-development team members come from different departments such as marketing, engineering, design, and manufacturing. They work collaboratively, each contributing their specialized knowledge to ensure the product meets customer needs and is competitive in the market. The product-development team is responsible for every aspect of the product's development, from concept to launch, including managing timelines, budgets, and resources. By working together, the team can ensure the product is of high quality, meets customer expectations, and is profitable for the company.
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Jake is a sales rep for a trucking company and travels throughout the midwest. He uses a cloud-based _________ service so he can access updated information about his customers’ sales transactions from his laptop as he travels.
Jake is a sales rep for a trucking company and travels throughout the midwest. He uses a cloud-based Customer Relationship Management service so he can access updated information about his customers’ sales transactions from his laptop as he travels.
What is the Customer Relationship Management service ?Customer Relationship Management service can be described as the service that is been provided by the comapany so that they ccan maintain better relationship with their clients.
It should be noted that this aspect of the organization is very essential because they can get the neccessary feedback from the consumer which can be used in the improvement of their services.
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Bank B's short-term liquidity is represented by S. Its short term obligations/llabilities are represented by x. To find the
bank's total cash or near cash assets,
O subtract x from S
o divide S by x
divide x by s
O multiply S times x
To find the bank's total cash or near cash assets, you would multiply S (short-term liquidity) by x (short-term obligations/liabilities). Multiply S times x.
To determine the bank's total cash or near cash assets, you need to consider its short-term liquidity (S) and short-term obligations or liabilities (x).
Short-term liquidity (S) represents the bank's available cash or assets that can be easily converted into cash within a short period, typically one year or less. This can include cash on hand, cash equivalents (such as highly liquid investments), and other near cash assets.
Short-term obligations or liabilities (x) refer to the bank's financial obligations or liabilities that are due within a short time frame. These can include short-term loans, accounts payable, and other current liabilities.
To find the bank's total cash or near cash assets, you multiply the bank's short-term liquidity (S) by its short-term obligations or liabilities (x). This calculation gives you an estimate of the bank's total assets that can be quickly converted to cash to fulfill its obligations.
It's important to note that this calculation provides a simplified view of the bank's liquidity and does not take into account other factors such as long-term assets or liabilities, capital structure, or specific financial circumstances.
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Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Because of his job, Joseph knows how to operate machinery, design plans, and has knowledge of geography and
math. He is also colorblind. Which career is Joseph most likely a part of?
O Petroleum Engineer
Pump Operator
O Meter Reader
Electrician Installer
Mark this and return
Save and Exit
Next
Submit
Answer:
Electricista Instalador
Explanation:
Why is it considered important to focus on the buyer persona?
a. They spend the least time on social media
b. They react differently to messaging objectives than other persona profiles
c. They are the ones who make the purchasing decision
d. They reflect the ideal demographic profile
e. They spend the most time on social media
C. They are the ones who make the purchasing decision. Focusing on the buyer persona is crucial in marketing as it helps to identify and understand the target audience and their specific needs and preferences.
A buyer persona is a detailed description of the ideal customer for a product or service. By understanding the characteristics, behaviors, and motivations of the buyer persona, companies can tailor their marketing efforts to better meet their needs and preferences. This helps to increase the effectiveness of marketing campaigns and drive more sales.
Furthermore, by focusing on the buyer persona, companies can also develop more targeted and personalized messaging that resonates with their target audience, leading to higher engagement and conversion rates. Ultimately, this approach can lead to increased customer satisfaction, loyalty, and long-term business success.
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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation:
Revenue is project at 249,000 for the month. You are seeking to have a rent equal to 8% of revenue. Additionally, you have “Common Area “ fees , which are 2% of your RENT. How much will you spend on rent plus common area fee each month?
A) 17,779
B) 19,070
C) 20,318
D)22,312
Answer:
C) 20,318
Explanation:
The projected revenue for the month is 249,000
Desired monthly rent is 8% of revenue,
monthly rent will be
=8% of 249,000
=0.08 x 249,000
=19,920
Common area fees are 2% of rent
=2% of 19,920
=0.02 x 19,920
=398.4
the total of rent plus common area fees will be
=19,920 + 398.4
=20,318.4
Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.
Scott Weisberg feels his job at Wendy’s includes all the following except Supervising the Board of Directors .
What is Scott Weisberg ?
Having worked in the medical industry for more than 27 years, Scott Weisberg, MD, is a Family Medicine Specialist in Birmingham, Alabama.
In 1996, he received his degree from ALBANY MEDICAL COLLEGE. His connection to Brookwood Baptist Medical Center is established. New clients and telehealth appointments are both accepted at his practice.
What function does the board of directors serve?
The board of directors' primary responsibilities include selecting the company's CEO or general manager and determining the company's overall strategy.
All other personnel must be hired by the CEO or general manager, who is also in charge of managing the company's daily operations.
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Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?
Answer:
Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.
Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.
Horizon Gifts is involved in corporate gifting solutions for large companies. Cal is a long-time user of the service provided by Horizon Gifts, and he often suggests possible clients to the service's sales representatives. Every time a lead Cal has provided actually makes a purchase, Cal receives a free gift, which might be anything from a can of assorted nuts to a wool muffler. Cal acts as a __________ for Horizon Gifts.
Answer:
Spotter
Explanation:
Selling Process
This is simply known as an ordered series of actions by the salesperson that is geared toward a customer taking a desired action and often ends with follow-up by the sales person to ensure purchase satisfaction.
Steps in the Selling Process
1. Prospecting
2. Pre-approach (Planning)
3. Approach(60 seconds)
4. Presentation (Trial Close)
5. Objections (Questions)
6. Close
7. Follow-up
Spotter
This is also called Bird Dog. This is said to be a person who offer a fee for service of providing the names of leads to a salesperson.
It can also be defined as individuals who come into contact with mostly a large number of people often in their daily routine. Salespeople use bird dogs as their eyes and ears in the marketplace.
I'm a Senior high school student with the interest of learning in investments. As a beginner, what should I learn first or what topics should I study about? Any tips about investing?
Answer:
Explanation:
As an investor myself I believe that there are three main things that beginners should learn. The first one is learning to diversify and manage risk. It is important to understand that holding all your money in a single investment is never a smart idea regardless of how safe it may be. Secondly, would be learn the power of compound interest. Compound Interest is one of the most powerful tools/options an investor can focus on. Lastly, would be to have patience, know how to control your emotions, and wait for the right moment to act.
2. What is the name of the tendency for your body to stay “in motion" through the air
Answer:
please mark as brainliest
Explanation:
ans: Inertia
Inertia is the tendency of a body in motion to remain in motion through the air.
The name of the tendency where the body has to stay in motion via the air is inertia.
The following information related to the inertia is:
It is the resistance with respect to the physical object along with its velocity. It involved the speed variation or the motion direction.It is the object's tendency where it remains to move in the straight line having the same speed at the time when no force is acted.Therefore we can conclude that the name of the tendency where the body has to stay in motion via the air is inertia.
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To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
The next items to subtract from net sales in order to compute net income for a merchandiser are Expenses.
What are the expenses for a merchandiser?The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other expenses.
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When a negative externality exists in a market, how does the cost to producers compare with the cost to The cost to producers will be greater than the cost to society b. The cost to producers will be the same as the cost to society c. The cost to producers will be less than the cost to society. d. The cost to producers and society will be different, regardless of whether an externality is esent.
When a negative externality exists in a market, how does the cost to producers compare with The cost to producers will be less than the cost to society. Hence, option C is correct.
What is negative externality exists in a market?Negative externalities indicate that not all costs are borne by the producer, which leads to excess production. Positive externalities reduce output since the customer does not receive the full advantages of the good.
When a third party incurs expenses as a result of the creation or consumption of a good, this is known as a negative externality. Negative externalities are frequently shown by instances of air and noise pollution. Private markets will overproduce when there are negative externalities.
Thus, option C is correct.
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A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. Refer to Exhibit 2. A single-price monopolist that seeks to maximize profits will sell __________ units and charge a per-unit price of __________.
A single-price monopolist that seeks to maximize profits will sell 30 units and charge a per-unit price of $170
To determine the total profit earned by a single-price monopolist, we need to calculate the total revenue and total cost at the profit-maximizing level of output. In this case, the profit-maximizing level of output occurs where the monopolist produces the quantity at which marginal revenue (MR) equals marginal cost (MC).
From the provided Exhibit 2, we can observe the quantity sold, price per unit, and total cost. We need to find the quantity at which MR = MC, and then calculate the total revenue and total cost at that quantity.
To find the MR and MC, we can calculate the change in total revenue (ΔTR) and change in total cost (ΔTC) between each successive quantity. The MR is the change in total revenue divided by the change in quantity, and the MC is the change in total cost divided by the change in quantity.
Using the given data, we can calculate the MR and MC as follows:
ΔTR = Change in Total Revenue = Price(units) × Change in Quantity
ΔTC = Change in Total Cost = Total Cost of the current quantity - Total Cost of the previous quantity
MR = ΔTR / ΔQ
MC = ΔTC / ΔQ
Now, let's calculate the MR and MC using the provided data:
MR = [($10 - $9) × 10] / (10 - 9) = $10
MC = [($130 - $80) / (30 - 10)] = $5
At the profit-maximizing level of output, MR = MC, which is at a quantity of 30 units.
Next, we can calculate the total revenue (TR) and total cost (TC) at the quantity of 30 units:
TR = Price(units) × Quantity = $10 × 30 = $300
TC = Total Cost of 30 units = $130
Finally, we can calculate the total profit (π) earned by the single-price monopolist:
π = TR - TC = $300 - $130 = $170
Therefore, the single-price monopolist earns a total profit of $170 when it produces the profit-maximizing level of output.
The correct answer choice is:
$170
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The complete question is :
Exhibit 2
Quantity Sold
Price (units) Total Cost
$10 10 $80
9 20 100
8 30 130
7 40 170
6 50 230
5 60 300
4 70 380
A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. Refer to Exhibit 2. A single-price monopolist that seeks to maximize profits will sell __________ units and charge a per-unit price of __________.
Group of answer choices
$120
$110
$170
$80
$49
why or why not hats and hoods should be allowed in school
( its detrimental this relays on the new school board meeting with student class rep)
To buy a product, customers in a market must first
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answer: Rumors
Explanation: i had this topic last year
profit is the only
Organizational objectives of the business.Do you agree
Explanation:
I agree because without profit what's the use of the business
are partnerships that provide professional and noncommercial assistance or advice.
Trading partnerships
Non-trading partnerships
General partnerships
Hi Special partnerships
Answer:
Non-trading partnerships
Explanation:
The non-trading partnership is a partnership that provides the professional and uncommercial advice or suggestions in terms of legal, medical, accounting, etc. Here all the partners have an active role for managing the business also they have unlimited liability with respect to any claim that against the firm
Therefore as per the given situation, the second option is correct
Open market operations refer to which action by a central bank?
A. Regulating the amount of money banks hold in reserve
O B. Changing the price banks pay to borrow money
O C. Buying and selling treasury securities
O D. Adjusting interest rates on stock markets
Answer:
B so it said 20 characters tooblong and dont copy th rokffkmf
Answer:
C: Buying and selling treasury securities
Explanation:
Apex, hope it helps ;)
In what circumstance would a property insurance claim be rejected?
Concord Corporation has sales of $2000000, variable costs of $1000000, and fixed costs of $800000. Concord's degree of operating leverage is
Concord Corporation's degree of operating leverage (DOL) is 5.
To calculate Concord Corporation's degree of operating leverage (DOL), we can use the following formula:
DOL = Contribution Margin / Operating Income
Contribution Margin is calculated as the difference between sales and variable costs:
Contribution Margin = Sales - Variable Costs
= $2,000,000 - $1,000,000
= $1,000,000
Operating Income is calculated as the difference between sales and total costs (variable costs + fixed costs):
Operating Income = Sales - Variable Costs - Fixed Costs
= $2,000,000 - $1,000,000 - $800,000
= $200,000
Now, we can substitute these values into the DOL formula:
DOL = Contribution Margin / Operating Income
= $1,000,000 / $200,000
= 5
Therefore, Concord Corporation's degree of operating leverage (DOL) is 5.
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