Having possession of a depreciation schedule prepared by the member, provided the depreciation schedule and calculation are given to the attest client so that attest client's books and records are complete services is not considered to be a hosting service and, as such, will no impair independence if performed for an attest client. The correct option is B.
This is because possession of a depreciation schedule does not involve hosting or maintaining the attest client's financial or non-financial information system. Additionally, as long as the depreciation schedule and calculation are given to the attest client so that their books and records are complete, there is no conflict of interest or impairment of independence. The other options, A and C, involve hosting or providing electronic security or back-up services for an attest client's data or records, which could create a conflict of interest and impair independence. Option D is incorrect because only option B is not considered a hosting service. The correct option is B.
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Suppose a project included a summary activity of purchasing and installing a new Web server. Suppose further that, according to the plan, it would take one week and cost a total of $10,000 for the labor hours, hardware, and software involved. The ________ for that activity that week is, therefore, $10,000
The planned value (PV) for that activity that week is, therefore, $10,000.
The cost incurred for the purchasing and installation of the new Web server is $10,000. This cost includes not only the expenses associated with labor hours but also covers the expenditure on hardware and software. Therefore, the total cost for this activity during the designated week is $10,000.
This amount accounts for all the financial resources required to successfully complete the project's Web server procurement and installation task within the specified timeframe.
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orange, an online-gaming site, has millions of users. the site has many games which pit users against each other. the relative standing of each user is presented in the form of an elaborate ranking system for each game. users pride themselves on gaining the highest points and the highest rank possible. this rise in user participation has increased the value of orange significantly. this is an example of . guerilla marketing network effects monopolistic competition internal marketing
This is an example of network effects. Orange, an online-gaming site, has become valuable due to its large user base, and the ranking system adds to the network effect by encouraging users to compete against each other to improve their standing.
As more users join and compete, the value of the site increases further, creating a positive feedback loop. Network effects refer to the phenomenon where a product or service becomes more valuable as more people use it. This can be seen in Orange's online-gaming site, where the ranking system encourages users to compete with each other, and the large user base makes the competition more exciting. As more users join and compete, the value of the site increases, attracting even more users, and creating a positive feedback loop. Therefore, this is an excellent example of how network effects can drive the growth of a product or service.
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Some promises do not support a bargained-for exchange and will not support contractual consideration. Such promises are called __________.
The promises do not support a bargained-for exchange and will not support contractual consideration are called Contracts that are not supported by consideration.
What is bargained for exchange?The act of bargained for exchange is known to be the exchange between parties that are said to be engage in a contract in that it often leads to an enforceable contract.
Note that Contracts that are not supported by consideration are said to be usually not enforceable.
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What is one way to come and economy affects the lives of private citizens?.
A market economy influences the daily lives of private persons in that they can readily change occupations.
The benefits of a planned economy includes low levels of inequity as well as unemployment, as well as the common goal of replacing profit by fairness as the major motivator for production. Command economies have disadvantages such as an absence of competition, which could also lead to a lack of innovation or efficiency.
Capitalism might be thought however it has always been a market structure in which individual actors own as well as control property in accordance with individual interests, while demand, as well as supply,as well as supply freely establish pricing in markets in a way that serves society's best interests. The desire to generate a profit is a fundamental element of capitalism.
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The ongoing globalization of business activities has given rise to the need for consistent and comparable financial statements for companies in different countries. The FASB and IASB recognize a need for:_______.
Answer:
internationally comparable financial information.
Explanation:
The FASB refers to the financial accounting standards board while on the other hand, the IASB refers to the International accounting standard board. These two boards are related to accounting.
The FASB focused on the U.S accounting standards while the IASB focused on global standards
Here in the given situation, the comparison is to be done in different countries so the above should be considered as an answer
identify two other types of business organisation jameel lost his job
Answer:
When Jameel lost his job with a fruit and vegetable shop that closed downhe decided to open his own store. He had good contacts with suppliers.
They said they would give him one month’s credit before he paid for
supplies. Jameel had $5000 in savings to invest in the shop. He thought thiswould be sufficient to start the business. He is an independent man - he
never liked taking the manager’s orders in the food shop! He wanted to
operate his new business as a sole trader
Explanation: hope this helps if not i am sorry
Franchises and partnerships are two other types of business organisations jameel lost his job.
Franchises and partnerships are two distinct business models that involve collaboration between different entities. Franchising is a business arrangement where a franchisee licenses the right to use a well-established brand, business model, and support from a franchisor in exchange for fees and royalties.
This allows the franchisee to operate under an established brand with proven systems. Partnerships, on the other hand, involve two or more individuals or companies pooling their resources and expertise to run a business together, sharing profits and liabilities. Both models offer unique advantages, such as brand recognition in franchising and shared responsibilities in partnerships.
Therefore, Franchises and partnerships are two other types of business organisations jameel lost his job.
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Probably the full question is:
When Jameel lost his job with a fruit and vegetable shop that closed down he decided to open his own store. He had good contacts with suppliers. They said they would give him one month’s credit before he paid for supplies. Jameel had $5000 in savings to invest in the shop. He thought this would be sufficient to start the business. He is an independent man - he never liked taking the manager’s orders in the food shop! He wanted to operate his new business as a sole trader.
Identify two other types of business organisations jameel lost his job.
Benny felt like he was ready for his science test. He had taken sequential notes in class. He and his friends had studied together every day that week, and they had quizzed one another on their flash cards. As he sat down to take the test, he felt confident, but when the exam began, he realized that he was not as prepared as he had thought. When he got his test back the next day, he was disappointed with his grade. What is the most likely reason Benny’s grade on the test was lower than he had hoped? His note-taking skills were poor. He did not review the key concepts. He should have crammed before the test. He did not pick an efficient study environment.
Answer:
D. He did not pick an efficient study environment.
Explanation:
Took the quiz
Answer:
D
Explanation:
From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.
Answer:4
Explanation:The total in 4 months would equal 360
4 months will it take you to save enough money to buy your North Face jacket.
Saving per month based problem;What information do we have?
Amount save per paycheck = $45
Amount of jacket = 350 (Missing data)
Amount save per month = 2 × Amount save per paycheck
Amount save per month = 2 × 45
Amount save per month = $90
Number of months need = 350 / 90
Number of months need = 3.88
Number of months need = 4 months
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What are the benefits of tracking income and spending according to a budget
Answer:
You won't go over on an account, also, if someone hacks into your account/ uses your money, you know who to contact, for you know that you didn't buy that item.
Explanation:
steps on how to create your own app
Explanation:
● Steps on how to create your own app
First you have to know coding and programing...
Melissa plans to become a nurse. What would be a good extracurricular activity for Melissa during high school? O A. O B. O C. O D. joining the cheerleading squad taking charcoal drawing lessons participating in gymnastics volunteering at a health clinic after school
Answer:
Volunteering at a health clinic after school
Explanation:
If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.
A certificate of deposit offers a nominal interest rate of 2.5 percent annually.
If inflation is 1 percent, what is the real rate of return?
O A. 1.5 percent
OB. 2.5 percent
OC. 2 percent
OD. 0.5 percent
Answer:a
Explanation:
Answer:1.5 is the answer
Explanation:
higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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if an economy has not achieved efficiency, there must exist ways to:
If an economy has not achieved efficiency, there are several ways to improve its performance. One approach is to reduce waste and inefficiency by identifying areas of unnecessary expenditure and finding ways to streamline processes.
Another way is to increase productivity by investing in technology, infrastructure, and human capital. Additionally, promoting competition and innovation can stimulate growth and efficiency in the economy. Moreover, reducing barriers to trade and investment can increase efficiency by allowing for specialization and economies of scale.
Finally, ensuring stable and transparent regulations and policies can provide businesses with certainty and help them make informed decisions that promote efficiency and growth.
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The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
here's a easy career question
The answer is A) adjunct
Hope this helps :)
Daily 120 patients come to a walk-in clinic to visit the doctors or get tested. The clinic operates 8 hours a day, and is closed on both Saturdays and Sundays. On average, there are 5 patients in the clinic at any point in time. 3-1. What is the weekly rate of patients visit at this clinic? What is the monthly rate, considering that the clinic works 22 days a month (write down the unit for your calculated value)?
The weekly rate of patients in a clinic is close to 280 patients per week.
Any person who receives medical treatment from trained experts is referred to as a patient. Most frequently, the patient is ill or hurt and needs care from a doctor, nurse, optometrist, dentist, veterinarian, or other healthcare professional.
Originally, the word "patient" meant "one who suffers." The Latin word patients, the present participle of the deponent verb patior, which means "I am suffering," is the source of our English term. It is related to the Greek verb v and its corresponding noun (pathos).
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The introduction of a union into an industry creates a:
a. surplus of labor and so raises unemployment.
b. surplus of labor and so reduces unemployment.
c. shortage of labor and so raises unemployment.
d. shortage of labor and so reduces unemployment.
An industry that has a union present tends to provide its workers greater pay, benefits, and working conditions. d. A labour shortage lowers unemployment.
The introduction of a union into an industry typically results in better wages, benefits, and working conditions for employees. This can lead to an increased demand for labor within the industry, which can result in a shortage of labor. As a result, unemployment is reduced as more workers are employed. d. shortage of labor and so reduces unemployment.
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Your home insurance policy has a $230 deductible. If a small fire causes $660 damage to your home, what amount of the claim would the insurance company pay
The insurance company would pay $430 of the claim. The insurance company would pay $430 of the claim, while the policyholder would be responsible for the $230 deductible.
1. The insurance company would pay for the damage above the deductible. In this case, the damage is $660 - $230 = $430.
2. The deductible is the amount that the policyholder is responsible for paying before the insurance coverage kicks in.
3. Therefore, the insurance company would cover the remaining amount of the claim, which is $430.
In summary, the insurance company would pay $430 of the claim, while the policyholder would be responsible for the $230 deductible.
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sport-in corporation manufactured 10,000 golf bags during april. the following fixed overhead data pertain to march: actual static budget production 20,000 units 20,500 units machine-hours 5,100 hours 6,150 hours fixed overhead cost for march $250,000 $258,300 what is the amount of fixed overhead allocated to production?
$258300 would be the amount of fixed overhead cost allocated to production in this case.
What do you understand by fixed cost?
On the income statement, company expenses may be split down into direct, indirect, and capital expenditures. On the balance sheet, these expenses can be shown as short-term or long-term liabilities. The total cost structure of a company is made up of both fixed and variable costs.
Cost structure analysis comes in many forms, and it is used by cost analysts to examine both fixed and variable costs. Costs are typically a major determinant of overall profitability.
The term "fixed costs" refers to expenses that remain constant throughout time. Typically, schedules or business agreements create them. These are the fundamental expenses related to running a firm fully. Over the course of a contract or cost schedule, fixed costs remain constant after they have been defined.
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This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $9,030 Unearned Service Revenue 3,520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows: Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of services in exchange for cash. 20 Paid $1,930 to creditors for accounts payable due. 29 Paid a $330 cash dividend. 31 Paid utilities $350. Required: Post to the ledger accounts.
Based on the given trial balance and the October transactions, here are the updated ledger accounts for Wildhorse Co.:
Cash:
Oct. 5: Debit $1,400 (Customers payment)
Oct. 17: Debit $640 (Services performed)
Oct. 20: Credit $1,930 (Accounts payable payment)
Oct. 29: Credit $330 (Cash dividend)
Oct. 31: Credit $350 (Utilities payment)
Accounts Receivable:
Oct. 10: Debit $6,000 (Billed customers for services performed)
Supplies:
No entries for October, balance remains $4,520
Equipment:
No entries for October, balance remains $10,420
Accounts Payable:
Oct. 20: Debit $1,930 (Payment to creditors)
Unearned Service Revenue:
No entries for October, balance remains $3,520
Common Stock:
No entries for October, balance remains $19,230
Retained Earnings:
No entries for October, balance remains $13,420
These entries reflect the specific transactions mentioned in the question and update the respective ledger accounts accordingly. Other accounts and balances remain unchanged.
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Let's say Owen would like to take another loan to pay for new furniture, and the loan payment would be $325 per month. If he took this new loan, would he have excessive debt? Remember, he makes $2,500 per month and he already spends $250 on credit card payments and $400 on an auto loan.
Explanation:
325 I think buy I am not sure.
What are the three main phases of audit sampling? Are these phases the same for statistical and nonstatistical samplingmethods?
The three main phases for statistical sampling methods are:(List the three steps in the proper order.)
1.
2.
3.
The three main phases for nonstatistical sampling methods are:(List the three steps in the proper order.)
1.
2.
3.
Options for methods are:
Approximate a random sampling approach,
Decrease the sample size
,
Duplicate the sample
,
Evaluate the results
,
Increase the sample size
,
Plan the sample
,
Replace the sample
,
Select the sample and perform the tests
Are these phases the same for statistical and nonstatistical sampling methods?
Yes
No
The three main phases of audit sampling, whether statistical or nonstatistical, include planning the sample, selecting the sample and performing the tests, and evaluating the results.
However, the approaches and techniques used within each phase may differ between statistical and nonstatistical sampling methods.
Audit sampling is defined as the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions to allow an auditor to obtain and evaluate evidence about some characteristic of the balance or class, according to accounting principles.
There are three key phases in statistical sampling and nonstatistical sampling methods, and the order in which they are performed differs depending on the technique being employed. Yes, these phases are the same for statistical and nonstatistical sampling methods.
Phases for statistical sampling methods:
1. Planning: In the initial planning stage, the auditor should establish the objectives of the test work, determine the appropriate sampling approach and sample size, and select the sample.
2. Execution: The auditor performs the audit test procedures, gathers data, and records the findings.
3. Evaluation: The auditor analyzes and interprets the data obtained and assesses the likelihood that the balance is materially misstated.
Phases for nonstatistical sampling methods:
1. Planning: In the initial planning phase, the auditor identifies the sampling approach and the sample size.
2. Execution: The auditor examines the chosen items for confirmation or testing and records the results of the tests.
3. Evaluation: The auditor examines the findings and reaches a conclusion based on the proof obtained.
Options for methods are approximate a random sampling approach, decrease the sample size, duplicate the sample, evaluate the results, increase the sample size, plan the sample, replace the sample, select the sample and perform the tests.
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Assume that Social Security promises you $40000 per year starting when you retire 45 years from today (the first $40000 will be paid 45 years from now). If your discount rate is 7%, compounded annually, and you plan to live for 15 years after retiring so that you will receive a total of 16 payments including the first one, what is the value today of Social Security's promise?
The present value of Social Security's promise is approximately $476,693 if the discount rate is 7% compounded annually.
To calculate the present value of Social Security's promise, we need to discount the future cash flows back to their present value using the given discount rate.
Since the first payment will be made 45 years from today, we can use the formula for the present value of an annuity due to calculate the present value of the 16 payments:
PV = PMT x [(1 - (1 + r)^-n) / r] x (1 + r)
Where:
PMT = $40,000 (annual payment amount)
r = 7% (discount rate)
n = 15 (number of payments)
Plugging in the values and solving for PV, we get:
PV = $40,000 x [(1 - (1 + 0.07)^-15) / 0.07] x (1 + 0.07)
PV = $40,000 x [11.0474] x 1.07
PV = $476,692.80
Therefore, the present value of Social Security's promise is approximately $476,693 if the discount rate is 7% compounded annually.
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Choose the best word or phrase to complete each sentence.
________is a financial service that offers a kind of
in the event of unforeseen damage, injury, or loss.
A ________ is the cost of a type of insurance that is paid at regular intervals.
A ________ is money a consumer must pay to share the costs of a payout.
Answer:
Insurance
premium
copayment
Explanation:
Insurance is a financial service that offers a kind of protection in the event of unforeseen damage, injury, or loss.
A premium is the cost of a type of insurance that is paid at a regular interval.
A copayment is a money a consumer must pay to share the costs of a payout
Answer:
Choose the best word or phrase to complete each sentence.
✔ Insurance
is a financial service that offers a kind of
✔ protection
in the event of unforeseen damage, injury, or loss.
A
✔ premium
is the cost of a type of insurance that is paid at regular intervals.
A
✔ copayment
is money a consumer must pay to share the costs of a payout
Explanation:
What effect has the use of lifo inventory costing had on ge's pretax income and tax expense for 2009 only (assume a 35% income tax rate)? (round answers to the nearest whole number. )
The effect of using LIFO inventory costing on Ge's pretax income and tax expense in 2009 would be to increase pretax income using LIFO by the difference between the two formulas, and to increase tax expense using LIFO by the difference between the two tax rates.
The use of LIFO inventory costing results in higher reported pretax income and lower reported tax expense for a company. This is because LIFO assumes that the most recently purchased inventory is sold first, while FIFO assumes that the oldest inventory is sold first.
Assuming a 35% income tax rate, the use of LIFO for Ge's pretax income and tax expense in 2009 would be as follows:
Pretax income using LIFO:
(Beginning inventory at end of 2008 x LIFO cost formula) - (Purchases during 2009 x LIFO cost formula) = Pretax income using LIFO
Pretax income using FIFO:
(Beginning inventory at end of 2008 x FIFO cost formula) - (Purchases during 2009 x FIFO cost formula) = Pretax income using FIFO
Tax expense using LIFO:
(Pretax income using LIFO x LIFO tax rate) = Tax expense using LIFO
Tax expense using FIFO:
(Pretax income using FIFO x FIFO tax rate) = Tax expense using FIFO
Therefore, the effect of using LIFO inventory costing on Ge's pretax income and tax expense in 2009 would be to increase pretax income using LIFO by the difference between the two formulas, and to increase tax expense using LIFO by the difference between the two tax rates.
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How have airplanes changed the way the world does business? choose four answers
Airplanes changed the way the world does business by decreasing the cost of long-distance travel and improving the speed with which it may be completed. This is further explained below.
What are Airplanes?Generally, is simply defined as an airplane, a motorized aircraft with fixed wings that displaces more air than it weighs.
In conclusion, new trade and employment possibilities can be accessed with little disruption to existing business operations.
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what typically prevents a company from being truly equitable?
To promote true equity, businesses should adopt inclusive employment practices, promote a diverse and inclusive workplace, ensure fair wage practices, these obstacles must be overcome by providing equal opportunities for employees.
Here are the several factors that prevents a company from being truly equitable are as follows-
Prejudice and Discrimination: Unconscious bias, overt discrimination, and organizational barriers can affect fairness within companies. These biases can affect hiring decisions, promotion opportunities, and resource allocation, resulting in unequal treatment and equal opportunity for employees.Lack of diversity and inclusion: Companies that lack diverse representation from different demographic groups can struggle to achieve equity. Without a diverse workforce, perspectives, experiences and voices can be excluded or marginalized, perpetuating inequalities within organizations.Pay disparity: Unequal wage practices can lead to inequality within companies. Gender, race, and other factors can influence wage disparities, leading to differences in compensation levels for employees doing similar work.Limited accessibility: Inequality can arise when certain employees encounter obstacles in accessing resources, benefits, or opportunities within the organization.Unequal Promotion Opportunities: Organizations that do not provide equal opportunities for career growth and advancement can perpetuate inequality. Factors such as biased advertising practices, limited mentoring or sponsorship programs, and exclusive networking opportunities can hinder the progress of underrepresented groups.To know more about equitable,
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The company makes these predictions by finding patterns and relationships in large amounts of data by using machine learning algorithms called __________.
Answer:
Neural networks
Explanation:
The company makes these predictions by finding patterns and relationships in large amounts of data by using machine learning algorithms called neural networks.
A _____ consists of several companies acting together in a highly organized and efficient manner, while employing the same or similar techniques as a single vertically integrated company.
Answer:
A [ supply chain ] consists of several companies acting together in a highly organized and efficient manner, while employing the same or similar techniques as a single vertically integrated company.