Proficiency in preparing transactions, is not a principle of trust service engagements Option (4)
Proficiency in preparing transactions is not a principle of trust service engagements. Trust service engagements are designed to provide assurance over the security, availability, and confidentiality of system, products or services. The principles of trust service engagements include security, availability, processing integrity, confidentiality, and privacy. Security refers to protection against unauthorized use or access. Availability ensures that the system or services are available and accessible to authorized users.
Processing integrity refers to accuracy, completeness, and timeliness of the data processing. Confidentiality ensures that information is protected from unauthorized disclosure. Whereas, proficiency in preparing transactions is not a principle but it requires the expertise and skill of the professionals conducting the engagement to ensure that the principles are adequately addressed.
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Full Question: which of the following is not a principle of trust service engagements? multiple choice
security from unauthorized use. availability of the system, products, or services. proficiency in preparing transactions. confidentiality of information.which of the following is not an element of structural quality in child care programs
Answer:
The correct answer is ''Parent-caregiver relationships.''
what difference would it make to the economy if there were no money? What commodities might serve as money instead? Provide reason for your answers.
Answer:
Well, we would simply be reduced to a barter economy. Therefore we would have to trade items for items.
Explanation:
This is the way it is because "Barter" is The exchange (goods or services) for other goods or services without using money. So if we needed beef, we would have to give the person trading the beef something of ours. As for countries who want to trade, if one needs wool, and one needs iron, and country A has Iron and country B has wool They'd barter the two items.
hello , What are three common tools for qualitative research in business and marketing?
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
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The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project
Answer:
$134,546
Explanation:
Calculation to determine the projected operating cash flow for this project
Projected operating cash flow=
{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}
Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}
Projected operating cash flow= $134,546
Therefore the projected operating cash flow for this project is $134,546
Sylvestor Systems borrows $174,000 cash on May 15 by signing a 90-day, 4 %, $174,000 note 1. On what date does this note mature? 2-0. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity Complete this question by entering your answers in the tabs below. Required 28 Interest at Maturity Required 28 General Journal Required 1 Required 2A On what date does this note mature? On what date does this note mature? Required 2A
The note matures 90 days after May 15, which would be August 13.
Required 2A:
To record the issuance of the note:
Cash (proceeds of the note) 174,000
Notes Payable 174,000
Required 2B:
To calculate the interest expense at maturity
Principal: $174,000
Interest rate: 4%
Time: 90 days/365 days = 0.2466
Interest expense at maturity = Principal x Interest rate x Time
Interest expense at maturity = $174,000 x 4% x 0.2466
Interest expense at maturity = $1,706.80
To record payment of the note at maturity:
Notes Payable 174,000
Interest Expense (calculated above) 1,706.80
Cash 175,706.80
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Pat Buhn is the new owner of Young Co. She has heard about internal control but is not clear about its importance for her business. Explain to Pat the four purposes of internal control, and give her one application of each purpose for Young Co.
Answer: Physical safeguard & security, Accuracy, Segregation of duties, Handling errors
Explanation:
Internal control could be defined as the process of handling an organization accounting and auditing process with it's specified objectives in compliance with laws, regulations and policies.
Here are the four purpose of internal control;
a) Physical safeguard & security; this is to ensure that physical assets and information have a controlled asses, and it's not easily assessible by anyone.
b) Accuracy: this is to ensure that all transactions are accurate when records are checked with the source of information where the transaction took place and the time it occurred.
c) Segregation of duties; this ensures that one individual cannot have access to the recording of information and processing of transaction.
d) Handling errors; this ensures that errors are checked at any stage with transaction occurred with corrections also made
On October 17, Nikle Company purchased a building and a plot of land for $420,000. The building was valued at $243,600 while the land carried a value of $176,400. Nikle paid $63,200 down in cash and signed a notes payable for the balance. Prepare the journal entry for this transaction. If an amount box does not require an entry, leave it blank or enter " Ot. 17 Building Land Cash Notes Payable
Building Land Cash Notes Payable Notes Payable =[420000 - 63200]= $356,800
Amount of Sales change = 198000 – 165500 = $ 32,500 [Increase]
--% change = (Change/Year 1 value) x 100 = (32500 / 165500) x 100 = 19.6%
A transaction is a completed settlement between a buyer and a seller to alternate items, services, or monetary belongings in go back for money. The time period is also generally utilized in company accounting. In enterprise bookkeeping, this plain definition can get problematic. A transaction may be recorded by an enterprise earlier or later depending on whether or not it makes use of accrual accounting or coins accounting.
A sales transaction between a consumer and a dealer is fairly truthful. character A can pay individual B in an alternative for a product or service. when they agree on the terms, money is exchanged for the good or service and the transaction is complete.
Transactions may be more complicated within the accounting global due to the fact agencies might also make a deal nowadays that might not be settled until a future date. Or, they'll have sales or expenses which can be recognized but are no longer due. third-celebration transactions also can complicate the manner.
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t/f weisbord believed that questionnaires were the best wat to diagnose the organization
The answer is False. Weisbord did not believe that questionnaires were the best way to diagnose the organization.
What did he emphasize?In fact, he emphasized the importance of understanding the organization through direct observation and interaction with employees at all levels.
He believed that questionnaires could be useful, but only as a supplement to other methods of diagnosis. Weisbord argued that a comprehensive approach to diagnosis required a combination of qualitative and quantitative data collection techniques, including interviews, focus groups, and surveys.
By gathering data from multiple sources, he believed that it was possible to gain a more complete understanding of the organization and its strengths and weaknesses.
Hence, its false.
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What are three negative effects of conflict when it is not handled well?
Answer:
Low moraleAbsenteeism, Turnover and termination.Explanation:
Conflicts are unresolved differences between two or more parties. They are intense disagreements caused by parallel thoughts, ideology, action, or plans. When unchecked, conflicts may result in violent behavior. Other negative effects of conflict include
1. Low morale: Conflicts create a tense working environment. Employees can not focus on their duties. Teams do not perform as cohesive units, which demoralizes employee morale. Productivity per worker reduces, which affects the overall business performance.
2. Absenteeism: Conflict in the workplaces make a section of staff feel not appreciated. They feel their ideas and efforts are not given due consideration. Staff members with such feelings will look for excuses to miss work.
3. High employee turnover :Conflicts make employees seek opportunities elsewhere.
(Common stock valuation) Assume the following: . the investor's required rate of return is 17 percent, . the expected level of earnings at the end of this year (E1) is $5, . the retention ratio is 45 percent, the return on equity (ROE) is 18 percent (that is, it can earn 18 percent on reinvested earnings), and similar shares of stock sell at multiples of 6.180 times earnings per share. Questions a. Determine the expected growth rate for dividends b. Determine the price earnings ratio (PIE1) c. What is the stock price using the P/E ratio valuation method? d. What is the stock price using the dividend discount model?
a. The expected growth rate for dividends can be calculated using the retention ratio and the return on equity (ROE). Expected rate = 0.081 or 8.1%
b. The price-earnings ratio (PIE1) is given as 6.180 times earnings per share.
c. Stock price using the P/E ratio valuation method: Stock price = $5 * 6.180
d. Stock price using the dividend discount model: Stock price = $5 / (0.17 - 0.081)
a. To determine the expected growth rate for dividends, we need to calculate the retention rate and multiply it by the return on equity (ROE).
Retention rate = 1 - Payout ratio
Payout ratio = 1 - Retention rate
Payout ratio = 1 - 0.45
Payout ratio = 0.55
Expected growth rate = Retention rate * ROE
Expected growth rate = 0.55 * 0.18
Expected growth rate = 0.099 or 9.9%
b. The price-to-earnings ratio (P/E ratio) can be calculated by dividing the stock price by the earnings per share (EPS).
P/E ratio = Price per share / Earnings per share
P/E ratio = 6.180 (given)
c. To calculate the stock price using the P/E ratio valuation method, we multiply the expected earnings per share (EPS) by the P/E ratio.
Expected EPS = E1 * (1 + Expected growth rate)
Expected EPS = $5 * (1 + 0.099)
Expected EPS = $5.495
Stock price = Expected EPS * P/E ratio
Stock price = $5.495 * 6.180
d. To calculate the stock price using the dividend discount model (DDM), we use the formula:
Stock price = Dividends per share / (Required rate of return - Expected growth rate)
Dividends per share = Earnings per share * Payout ratio
Dividends per share = $5.495 * 0.55
Stock price = (Dividends per share) / (Required rate of return - Expected growth rate)
Note: The specific calculation for part d is not provided in the given information.
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Give (2) examples how we deal with "Scarcity"
Answer:
Either increasing supply or lowering demand
Explanation:
increasing supply:
e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them
lowering demand:
finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand
- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)
- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)
but these two are pretty much the same so
also please note I don't take any courses on supply and demand other than geography so I might be completely wrong
Need help with this question below? Question 1
JohnBoy Industries has a cash balance of $42,000, accounts payable of $122,000, inventory of $172,000, accounts receivable of $207,000, notes payable of $117,000, and accrued wages and taxes of $35,500. How much net working capital does the firm need to fund?
The net working capital the firm needs to fund is $146,500. It is important for a company to have a sufficient amount of Net Working Capital to run its business smoothly. Inadequate working capital may lead to financial problems and may hinder the growth of the company.
Net Working Capital refers to the difference between the assets and the liabilities of a company. In other words, it is the amount of funds required by a company to operate its business smoothly. It is the amount of money required by a business to meet its financial obligations. It helps in the efficient functioning of a business. It is the difference between current assets and current liabilities.
Given,
Cash balance = $42,000
Accounts payable = $122,000
Inventory = $172,000
Accounts receivable = $207,000
Notes payable = $117,000
Accrued wages and taxes = $35,500
Net Working Capital (NWC) = Current Assets - Current Liabilities
Current Assets = Cash balance + Inventory + Accounts receivable
= $42,000 + $172,000 + $207,000
= $421,000
Current Liabilities = Accounts payable + Notes payable + Accrued wages and taxes
= $122,000 + $117,000 + $35,500
= $274,500
Net Working Capital (NWC) = $421,000 - $274,500
= $146,500
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Which is a requirement for an acceptance?
mirror image of offer
intent to contract
communicated
all of the above
All of the above
The offer must be mirrored, the first party must have an intent to contract, and that intent must be communicated for the second party to know, for sure, that a specific contract is agreed upon for acceptance.
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3 Points
A product development team has a basic product idea that has been given to
them, and their current task is to develop some attractive images of what the
product might look like, descriptions of how it will function, and sample
advertisements could be used for marketing it. What stage of the new
product development process are they working on?
A. Idea generation
B. Concept development
C. Market testing
D. Commercialization
SUS
Answer:
Market testing
Explanation:
Market testing is the phase in a product development where the market is tested for how well the potential new product will be accepted before it is finally produced in a large volume.
The prototype version of this product can be used for this purpose alongside a potentially suitable advertisement method .
The response of the market to this practice suggest the next line action for the producer , whether to go on with the production or make some improvement or totally abort the production plan
Answer:
CONCEPT DEVELOPMENT
Explanation:
Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment
Answer:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.Four Ways through which Schools can promote Entrepreneurship include the following
Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.What is Entrepreneurship ?Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.
Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.
Entrepreneurship brings about creativity and as such value is created which leads to more wealth.
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cheng is asked to conduct an stp analysis for his firm. the first step he should perform in this analysis is to
Cheng is asked to conduct an step analysis for his firm. the first step he should perform in this analysis is to divide the marketplace into subgroups.
The adage "If you strive to be everything to everyone, you'll wind up becoming nothing to anyone" is well known in the business world. Businesses all too frequently make the mistake of portraying their product(s) as something that "everyone" benefits from. Their rationale is this: if they cast their net wide enough, they're bound to catch enough customers soon
This approach is flawed in two ways :- The company's resources - budget and employees - get spread too thinly in chasing far-flung customer segments.
When this happens, the brand's value is lost among the company's "true" target customers.
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Complete question is:-
Cheng is asked to conduct an STP analysis for his firm. The first step he should perform in this analysis is to:-
A. develop a business mission statement.
B. choose the best target markets.
C. reposition existing segments.
D. divide the marketplace into subgroups.
E. conduct a SWOT analysis.
What are u guys thankful for
Answer:
God waking me up this morning also thx for asking how bout you
Explanation:
Can someone help me with this question ?
Straight commission plans are plans that Group of answer choices are common among insurance and real estate agents. are useful when the organization wants salespeople to concentrate on listening to customers. provide a straight salary to employees. are uncommon among car salespeople. are used to attract risk-averse employees.
Answer:
are common among insurance and real estate
Explanation:
The straight commission plans are the plans that are given to the employee by the company in terms of the sales to be done by the employee. It is basically a straight commission that depend upon the percentage of the sales made. No extra salary or amount should be given
So this would be common in the insurance and real estate area as it deals in buying and selling of insurance and real estate properties
hence, the first option is correct
Production is the combination of collaboration, economy, and ___________.
A) outsourcing
B) creativity
C) efficiency
D) skills
Answer:
C) efficiency
Explanation:
Efficiency means the reduction or elimination of wastages in the production process. Efficient production describes a scenario where goods and services are manufactured with minimal waste in materials, time, effort, and other resources. Efficiency is a mark of competency.
The production process requires a business collaboration of outside parties. The business requires raw material, supplies, distribution network, among other things, for production to succeed.,These requirements are offed by other companies, which means collaboration is essential.
How much should you deposit at the end of six months in an account paying 14% compounded semi-annually to receive semi-annual payments of P2,000 for the next 8 years?
The amount that you should deposit (present value) at the end of six months in an account paying 14% compounded sem-annually to receive semi-annual payments of P2,000 for the next 8 years is P18,893.30.
What is the present value?The present value is the future cash flows discounted at an interest rate to the current period.
Discounting is the opposite of compounding as the latter computes the future value while discounting computes the present value.
The present value is computed using the PV factor or an online finance calculator as follows:
N (# of periods) = 16 semiannual periods (8 years x 2)
I/Y (Interest per year) = 14%
PMT (Periodic Payment) = P-2000
FV (Future Value) = P0
Results:
PV (Present Value) = P18,893.30
Sum of all periodic withdrawals = P32,000.00 (P2,000 x 16)
Total Interest =P13,106.70
Thus, if you deposit P18,893.30 compounded at 14% in six months, you can withdraw P2,000 semiannually for 8 years.
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Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.
Answer: A - expands the frontier on their production possibilities curves
Explanation:
It was correct when checked
Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.
What is business growth?An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.
Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.
Hence, option A holds true regarding the business growth.
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Which of the following best explains the purpose of a supply schedule?
O A. To demonstrate how the supply decreases as price increases.
B. To calculate how much time it takes for distribution.
C. To show the relationship between quantity supplied and prices.
O D. To indicate how supply and demand relate to price.
Answer:
C. To show the relationship between quantity supplied and prices.
Explanation:
A supply schedule is a tabular demonstration of the quantity that suppliers will be willing to sell at different prices. It is a table showing the relationship between supply and price.
According to the law of supply, the supply increases as the price goes up. Therefore, the supply schedule is a tabular illustration of the law of supply.
Answer:
it is c
Explanation:
because it does mean To show relationship between quantity supplied
and prices.
1. mcknight company is considering two different capital expenditure proposals. project a will cost $400,000, has an expected useful life of 10 years, a salvage value of zero, and is expected to increase net profit in year 10 by $70,000. project b will cost $310,000, has an expected useful life of 10 years, a salvage value of zero, and is expected to increase net profits by $55,000. a required rate of return of 9% is appropriate for both projects. calculate: a) the net cash flow in year 10 for projects a and b b) the present value of the net cash flows for projects a and b
Answer and Explanation:
The computation of the net present value and profitability index of each project is shown below;
The net present value
For the project 1
= Present value × PVIFA factor for 10 years at 9% - initial cost
= $70,000 × 6.4177 - $400,000
= $49,239
for the project 2
= Present value × PVIFA factor for 10 years at 9% - initial cost
= $55,000 × 6.4177 - $310,000
= $42,973.5
Now the profitability index is
For project 1
= ($70,000 × 6.4177) ÷ $400,000
= 1.12
And, for project 2
= ( $55,000 × 6.4177) ÷ $310,000
= 1.14
Which is an example of an interest group? (Professional communications)
Interest groups are all about connecting you to the opportunities, insights, and resources that promote professional success through the creation of a network of peers, faculty, alums, staff, and employers.
Special Interest Groups, which are typically centered on a shared interest or characteristic of a subset of members of the organization, may also exist in non-technical organizations. Trade unions serve as an essential illustration of this. Members of an interest group must always share similar objectives.
An example of an interest group is a partnership firm. However, a friendship group's members do not necessarily have to have similar interests in order to be friends. They might support the same sports team or belong to the same community, for instance.
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1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market are not met by this business or industry.
Answer:
hey what kind of watch is that in your profile pic
How does specialization affect voluntary exchange between countries?
Answer:
It increases voluntary exchange by encouraging other countries to be less self-sufficient
Explanation:
Which of the following is most likely to achieve a positive corporate response when you are posting a complaint on a social media site? Keep the conversation online, and avoid private responses.
When posting a complaint on a social media site, the best way to achieve a positive corporate response is to keep the conversation online and avoid private responses.
This enables the company to respond to the complaint publicly and show other customers that they care about their concerns and are taking action to address them.
By addressing the complaint publicly, the company is also able to demonstrate transparency and accountability.
Here are some additional tips for posting a complaint on social media:
Be specific and provide details about the issue.Express your dissatisfaction in a polite and respectful manner.Avoid using profanity or making personal attacks.Be patient and give the company time to respond.If the issue is not resolved satisfactorily, consider escalating the complaint through other channels such as email or phone.
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Put 4, 1, and
–
8 in order from least to greatest.
Answer:
1, 4, 8 is the correct answer
Answer:
-8,1,4
Explanation: