As per the International Standard on Auditing (ISA), if there has been a significant change in the senior management of the client company during the year, the auditor must evaluate the impact on the audit process. In the given case, XLR & Associates has been the recurring auditor for JB Smith & Co Limited, and there has been a significant change in senior management during the financial year January - December 2021.
Hence, XLR & Associates may need to revise the terms of the audit engagement .Explanation: As per ISA 701- Communicating Key Audit Matters in the Independent Auditor’s Report, the auditor should communicate to the users of the financial statements the matters that, in the auditor’s professional judgment, were of most significance in the audit of the financial statements. The change in senior management of the client company during the year could be one of the key audit matters that should be communicated by the auditor to the users of the financial statements. It is because senior management’s knowledge, experience, and integrity are essential factors in assessing the risk of material misstatement in the financial statements. Therefore, the auditor should evaluate the impact of the change in senior management on the risk assessment and audit process .In conclusion, XLR & Associates may need to revise the terms of the audit engagement due to the significant change in senior management of JB Smith & Co Limited during the financial year January - December 2021.
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What type of federal funding is free money, but is based
on financial need only?
A.Federal grants
B.All federal scholarships
C.The 529 Plan
D.None of these are correct
Answer:
Try A. Federal Pell Grant
Answer:
answer : b
Explanation:
cauise
What is promotional Mix? And how does it benefit the customers?:
Answer:
In marketing, the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. and it Improves communication with clients.
Explanation:
hope this helps
Answer:
The promotion mix is the blend of different methods and tools of communication you use in presenting your company, products or services to target customers. Effective promotion is a key component of the marketing mix, as it is the element that helps you attract customers, persuade them to buy, and generate loyalty.
A promotion mix is a key method for delivering a relevant promotion message via the most suitable channel for each segment. Improves communication with clients. Companies develop a promotion mix trying to speak their consumers' language. If prepared correctly, it helps build trust between the brand and its customers.
Explanation:
hope this helps i did my research
in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products
The correct option to the given question about assess the performance of their supply chains is option a) . Take a look at each market category they serve.
A corporation can generally use one of six major models to direct its supply chain management procedures.
The continuous flow model, one of the more established supply chain strategies, works best for developed sectors. The continuous flow model assumes that a producer will consistently produce the same good and that customer demand will be relatively stable. Agile Strategy: This model works best for businesses that provide products that customers order or have unexpected demand. This model places a premium on adaptability because a business must be ready to change course at any time in the event of a specific requirement.
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How much is it to start a buissness?
Answer:the average cot to start a business is 30,000
Explanation:
the cost of land improvements are capitalized separately from land because land improvements tend to have a useful life.
Land improvements are capitalized separately from Land because land improvements have only a limited useful life.
Land is a special fixed asset which means that:
It is purchased for long term use It is not depreciated because it lasts foreverLand improvements on the other hand, will not last forever. They will eventually wear out and need to be replaced. They are therefore capitalized separately from land so that they can be depreciated if need be.
In conclusion, land improvements are capitalized separately from land because they have a limited useful life.
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What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends
Answer:
A) Encountering inappropriate content.
C) Getting a computer virus.
D) Having your identity stolen.
The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.
With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.
Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.
Therefore, the following statements are:
Encountering inappropriate content.Getting a computer virus.Having your identity stolen.To know more about the safety risks, visit:
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shark tank assignments (individual) i would like for you to view episodes of ‘shark tank’ and select two businesses (one that was financed and one that wasn’t financed. the two businesses can be from a single episode or different episodes of shark tank) and investigate about the following: 1) what types of businesses were requesting financing, 2) how did they arrive at their valuation (make sure to calculate the value of the business based on how much the owners are willing to give up of the company in relation to the amount of cash the business is expected to generate), 3) did you notice any recurring questions asked by the sharks, 4) what were the primary reasons for rejecting a business and what were the reasons given to finance a business, 5) offer some other insights (what did you find interesting, shocking, intriguing….) about what you learned from listening to pitches from the participants and comments from the sharks. most importantly, finish your right up with some suggestions to the business that did not get the financing and some suggestions to grow for the business that was financed by the sharks.
Let's proceed with a hypothetical scenario based on the format of the show.
Types of businesses requesting financing:
On "Shark Tank," a wide variety of businesses seek financing. They can range from product-based companies (e.g., consumer goods, innovative gadgets) to service-based ventures (e.g., technology platforms, consulting services). Some examples could include food and beverage companies, fashion brands, technology startups, and innovative inventions.
Arriving at valuation:
Valuation in "Shark Tank" is often a negotiation between the entrepreneurs and the sharks. Entrepreneurs typically present their valuation based on their perceived worth of the business and its potential for growth. The valuation may take into account factors such as revenue, market size, intellectual property, growth potential, and competitive landscape. The sharks assess the value proposition and negotiate terms based on their expertise and the potential return on investment.
Recurring questions asked by the sharks:
The sharks often ask questions to gain a deeper understanding of the business, its market potential, and the entrepreneur's strategy. Some common recurring questions include inquiries about sales figures, profit margins, scalability, distribution channels, marketing efforts, intellectual property protection, competition analysis, and exit strategies.
Reasons for rejecting or financing a business:
The primary reasons for rejecting a business on "Shark Tank" can vary but often include concerns about the business model, lack of differentiation, limited market potential, excessive valuation, weak sales figures, or doubts about the entrepreneur's ability to execute the proposed plan. On the other hand, reasons for financing a business may involve strong market potential, innovative product/service, significant growth prospects, and the entrepreneur's track record and passion.
Insights and suggestions:
From listening to pitches on "Shark Tank," it is fascinating to see the diversity of entrepreneurial ideas and the negotiation dynamics between the entrepreneurs and the sharks. One key lesson is the importance of thoroughly understanding the market, competition, and financials of a business before seeking funding. It is crucial for entrepreneurs to clearly articulate their value proposition, demonstrate sales traction, and be open to feedback and negotiation.
For the business that did not get financing, suggestions for growth could include revisiting the business model, refining the value proposition, exploring additional revenue streams, strengthening marketing and sales strategies, and considering partnerships or alternative funding sources.
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What is the relationship between insurance and successful financial management? Why is insurance important?
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Insurance is an important aspect of risk management in business. Insurance is related to successful financial management because when a business is insured, it can weather times of loss and unforeseen occurrences without losing its strength. Insurance is important because it helps businesses to mitigate loss.
Insurance is an aspect of risk management in business where a policyholder pays an agreed sum to the insurer, with the intent of lightening any unforeseen losses they may encounter in the future. Insurance is important because businesses come with risks that could be sudden and unexpected.The pool of funds generated by the insurance company from other insurers will be used to attenuate the loss that the business will face.Conclusively, if businesses will thrive for a long time, insurance is very beneficial.Learn more here:
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how many parts are included in the application procedure of the sta-21 program?
Two steps make up application: Part 1: Online submission through the STA-21 website. Part 2: the mailing-in section.
What type of submissions are required for the STA-21 programmed?
Educational prerequisites STA-21(N) applicants must have a minimum combined SAT score of 1140 or an English/Math ACT score of 50. Applicants must also have completed enough undergraduate coursework to meet the prerequisites for a baccalaureate degree in 36 months. The minimal SAT exam scores required for consideration for the STA-21 Commissioning Program are 500 in Math and 500 in Critical Reading (or ACT test scores of 21 Math and 20 English).
Note: Candidates for the Nuclear Option must have a minimum combined SAT score of 1140 or an English/Math ACT score of 50.
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If a student identifies "family doesn't have enough money for college" as a barrier to her long-term education goal, which of the following is not a sensible solution?
1. Change long-term career goal to a field that doesn't require college.
2. Research student loans and other grants online
3. Contact the college about scholarship opportunities.
4. Consult a recruiter about ROTC programs or the G.I. Bill.
Answer:
A.
Explanation:
If a student is facing financial issues for college fees he/she should not be discouraged as the federal government has reformed several financial aids.
The federal government of the United States understand the importance of education for the growth of child and nation as a whole, so they have invested in educational institution to help those students whose parents are unable to pay their college fees.
The unwise idea in such situation is to change long-term career goal. The student should not do this. Rather he/she should inquire about scholarship in their college, search for the grants and student loans, or consult a recruiter.
Therefore, option A is the correct answer.
What is an optical cue?
answer well they provide depth information when viewing a scene with both eyes.
i don't know how else to explain it
Which of the following is not within the scope of the GASB mission for standard-setting?
A. Conceptual framework for accounting and reporting standards
B. Goals and objectives of state and local governmental services
C. External financial reporting
D. Assist users in assessing the level of services that can be provided by governmental entities
The option that is not within the scope of the GASB (Governmental Accounting Standards Board) mission for standard-setting is D. Assist users in assessing the level of services that can be provided by governmental entities. Option D is correct.
The GASB's mission is primarily focused on establishing accounting and financial reporting standards for state and local governmental entities in the United States. This includes areas such as developing a conceptual framework for accounting and reporting standards (option A), addressing the goals and objectives of state and local governmental services (option B), and promoting external financial reporting (option C).
While the GASB's standards can provide useful information for users to make assessments about the financial condition and performance of governmental entities, their primary goal is not to assist users in assessing the level of services that can be provided by these entities. This is more aligned with policy and operational considerations, which fall outside the specific scope of the GASB's standard-setting mission.
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you borrow $820 from your brother and agree to pay back $920 in 15 months. what simple interest rate will you pay
You will pay a simple interest rate of 8.1% on this loan. It's important to note that this rate only applies to this particular loan and may vary for other loans based on factors such as credit score, lender policies, and loan amount.
To calculate the interest rate you will pay on this loan, we can use the simple interest formula which is: Interest = Principal x Rate x Time. In this case, the principal is $820, the amount to be paid back is $920, and the time is 15 months.
First, let's find the interest charged on the loan: Interest = $920 - $820 = $100.
Next, we can plug in the values we have into the formula and solve for the rate: Rate = Interest / (Principal x Time) = $100 / ($820 x 15/12) = 0.081 = 8.1%.
Therefore, you will pay a simple interest rate of 8.1% on this loan. It's important to note that this rate only applies to this particular loan and may vary for other loans based on factors such as credit score, lender policies, and loan amount.
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in what year did starbucks serve its first caffè latte?
Answer:
1984
Explanation:
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Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
what do business owners consider when they select a business ownership structure?
Davidson company has sales of $100,000, variable cost of goods sold of $40,000, variable selling expenses of $15,000, variable administrative expenses of $5,000, fixed selling expenses of $7,000, and fixed administrative expenses of $9,000. What is davidson’s contribution margin?.
Davidson’s contribution margin for the sale of goods would be : $40,000
What is contribution margin?Contribution margin is a business' sales revenue less its variable costs. The resulting contribution margin can be used to cover its fixed.
Contribution margin is computed as:
= Sales - Total variable cost(Variable cost of goods sold + Variable selling expenses + Variable administrative expenses)
= $100,000 - ($40,000 + $15,000 + $5,000)
= $100,000 - $60,000
= $40,000
Therefore, Davidson’s contribution margin for the sale of goods would be $40,000
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You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?
Answer:
$5,000
Explanation:
Calculation for how large will the annual scholarship payment be
Using this formula
Cash Flow= Present Value x Rate
Where,
Present Value =$100,000
Rate=5%
Let plug in the formula
Cash Flow=$100,000*5%
Cash Flow=$5,000
Therefore how large will the annual scholarship payment be is $5,000.
Describe ways in which a verbal/linguistic learner prefers to learn.
Answer:
People with verbal-linguistic learning styles learn best when taught using spoken or written materials. They prefer activities that are based on language reasoning rather than abstract visual information. ... They usually enjoy written projects, speech and drama classes, debate, language classes, and journalism.
Explanation:
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a wheat futures contract is quoted in cents per bushel with a contract unit of 5,000 bushels. if the contract is quoted at a settle price of 685, then the value of one wheat futures contract is
The value of one wheat futures contract can be calculated by multiplying the settle price by the contract unit. In this case, the contract is quoted at a settle price of 685 cents per bushel, and the contract unit is 5,000 bushels.
To find the value of one wheat futures contract, we can use the following formula:
Value of one wheat futures contract = Settle price × Contract unit
Plugging in the values, we get: Value of one wheat futures contract = 685 cents/bushel × 5,000 bushels
Multiplying these numbers together, we find that the value of one wheat futures contract is 3,425,000 cents.
However, to convert this value into dollars, we need to divide by 100 since there are 100 cents in a dollar.
Value of one wheat futures contract
= 3,425,000 cents ÷ 100 = $34,250
Therefore, the value of one wheat futures contract is $34,250.
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The complete question is:-
A wheat futures contract is quoted in cents per bushel with a contract unit of 5,000 bushels. If the contract is quoted at a settle price of 685, then the value of one wheat futures contract is A) $685. B) 53.425. C) $34,250 D) S58 500 P Logged.
(Choose the correct answer) Efficient operations combined with excellent supply chain management?
1-Operational Excellence
2-Product Excellence
3-Customer Excellence
4- Locational Excellenc
Answer:
1-Operational Excellence
Explanation:
Operational Excellence is basically a business strategy that spreads the limelight to continuously improve the efficiency as well as the effectiveness of operations by implementing the optimization of processes, resources, and technology. It not only involves reducing waste or increasing productivity, but it also helps improve quality to achieve a competitive advantage.
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Which best describes how the government enables government monopolies to exist? by issuing a patent by allowing natural monopolies to exist by creating and running a monopoly by owning the means of production.
Government enables government monopolies to exist by owning the means of production.
What are monopolies?monopolies can be regarded as a practice whereby a particular entity is given opportunity to control a market by being the sole distributor in the market.
Therefore, government monopolies can exist if the government is sole producer in the country.
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Answer:
c. by creating and running a monopoly
Explanation:
How is a market version of utilitarianism different from an administrative version?
a. The market version ensures that experts establish the safety standards a business is expected to meet.
b. The market version uses social sciences to predict consequences.
c. The market version requires a government body to regulate business.
d. The market version produces those goods that the consumers want.
The market version of utilitarianism produces those goods that the consumers want.
The administrative version of utilitarianism is a bit different from the market version.
It requires a government body to regulate business.
Utilitarianism is a moral theory that is based on the belief that actions should be done to maximize the overall happiness of the affected parties. There are two versions of utilitarianism, namely the administrative version and the market version.
The administrative version of utilitarianism is when a governing body establishes rules and regulations that dictate how people should behave in society.
The administrative version also uses scientific evidence to create laws that will benefit society. For example, a government can establish a law that dictates how much alcohol a driver can consume before operating a vehicle.
On the other hand, the market version of utilitarianism is when the free market determines the behavior of individuals in society.
The market version of utilitarianism ensures that the consumers decide what is produced by the producers.
For example, if the consumers require a product that is environmentally friendly, the producers will produce that product to meet the consumer's needs.The market version of utilitarianism uses social sciences to predict consequences.
The market version ensures that experts establish the safety standards a business is expected to meet.
The market version does not require a government body to regulate business, but rather, the free market does that.
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A business operated at 100% of capacity during its first month, with the following results: Sales (109 units) $490,500 Production costs (136 units): Direct materials $66,157 Direct labor 16,891 Variable factory overhead 29,560 Fixed factory overhead 28,152 140,760 Operating expenses: Variable operating expenses $5,601 Fixed operating expenses 3,325 8,926 The amount of gross profit that would be reported on the absorption costing income statement is
Answer:
$377,685
Explanation:
Calculation to determine what The amount of gross profit that would be reported on the absorption costing income statement is
Particulars Amount
Sales $490,500
Less: Cost of goods sold ($112,815)
($140,760*109 units/136 units)
Gross profit $377,685
($490,500-$112,815)
Therefore The amount of gross profit that would be reported on the absorption costing income statement is $377,685
Business revenue is
money collected through product sales
money a firm must pay for production
taxes a firm must pay to the government
taxes collected by the government
Answer:
The correct answer to the following question will be Option A (money collected through product sales).
Explanation:
Revenue seems to be the amount of money a business generally earns for a given time, including promotions as well as exemptions for finished merchandise.Revenue is indeed the quantity of cash that always comes from the commercial operations of an organization. As throughout the price-to-sales measure, an equivalent to something like the price-to-earnings rate of return, which utilizes revenues in the divisor.The other given choices are not related to the given circumstances. So that Option A would be the right answer.
Question 10 of 10
What is an advantage of doing more than the minimum required to comply
with EEOC laws and regulations?
The advantage of doing more than the minimum required to comply with EEOC laws and regulations is that, most employers with at least 15 employees are covered by EEOC laws.
The U.S. Equal Employment Opportunity Commission (EEOC) is responsible in order to enforce the federal laws which make it illegal for employers to discriminate an employee because of their color, race, religion, sex, national origin, age etc.
So, the EEOC's investigation of one's complaint depends on the facts of the case, and the kinds of information one needs in order to gather. In some cases, employers are interviewed and then the information is gathered.
Hence, the EEOC advances opportunity in the workplace.
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The town of Cypress needs to hire student workers to staff the Uptown Library for the school year. To cover all the responsibilities of the open library, they know that they need to have at least 18 workers on Sundays, 17 on Mondays, 16 on Tuesdays, 16 on Wednesdays, 16 on Thursdays, 14 on Fridays, and 19 on Saturdays. Student workers are guaranteed two consecutive days off. At a minimum, how many student workers need to be hired in order to ensure that the library can remain fully staffed? a. Formulate an Integer LP (ILP) for this problem in Excel. b. Solve your model for the optimal solution.
The minimum number of student workers needed to ensure that the library remains fully staffed is 38.
How many student workers are needed on Sundays to cover all responsibilities?To determine the number of student workers needed on Sundays, we take the highest requirement for any given day, which is 19 workers on Saturdays.
To determine the number of student workers needed on Mondays, we take the second highest requirement for any given day, which is 18 workers on Sundays.
Similarly, we calculate the number of workers needed for each day of the week, taking into account the consecutive days off requirement and the highest requirement for any given day. The results are as follows:
Sundays: 19 workersMondays: 18 workersTuesdays: 16 workersWednesdays: 16 workersThursdays: 16 workersFridays: 14 workersSaturdays: 19 workersSumming up the requirements for each day, we get a total of 118 workers. However, since each worker is guaranteed two consecutive days off, we need to account for that. So, the minimum number of student workers that need to be hired to ensure full staffing is 118 + 2 = 120 workers. However, we subtract 2 from the final count as 2 workers can cover both Saturdays and Sundays.
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Question #2
Inflation is created when businesses decide to spend billions on new capital goods.
O Demand-pull
O Supply-Shocks
O Cost-push
O Wage-price spiral
Cost push inflation is created when businesses decide to spend billions on new capital goods.
What is inflation?This is the term that is used to refer to the fact that there is an increase in the general price level in a given economy. The period of inflation is usually characterized by a rise in the prices of goods and services with a lot of these being too high for the consumers to purchase.
The cost push is caused when the cost of raw materials have become too much for the businesses to obtain. Hence the Cost push inflation is created when businesses decide to spend billions on new capital goods.
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selling shares of stock in your company is what form of financing?
Equity financing is the practise of selling a company's shares to raise money. The rights to own a portion of the company are also acquired by investors who buy shares. Equity financing can refer to the sale of any equity instrument, including common stock, preferred shares, share warrants, etc.
Selling a portion of a company's equity in exchange for capital is known as equity financing. Owners effectively sell ownership of their business in exchange for money by selling shares. Equity financing, which involves issuing stock to raise money, is the opposite of debt financing. Debt financing must be repaid, as opposed to equity financing, where the lenders receive stock.
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How is the economic surplus generated by a decision calculated?.
Answer:
Economic surplus is calculated by combining the surplus benefit that is experienced by both consumers and producers in an economic transaction.
The economic surplus generated by a decision is calculated by combining the surplus benefit that is experienced by both consumers and producers in an economic transaction.
What is economic surplus?Economic surplus refers to the respective gains that a consumer or producer gets within an economic activity and is the combined benefit, sometimes referred to as "total welfare." It can also be referred to as total surplus or community surplus as well.
This economic metric is used to evaluate wellness in the markets. When a consumer scores an item for less than they'd be willing to pay, the consumer is getting a surplus. When a producer sells a good for more than the minimum price they're willing to sell at, the producer is getting a surplus. Economic surplus follows the rules of supply and demand.
Businesses generally want to earn as many profits as possible without alienating customers, while consumers typically want to feel as though they're scoring a deal.
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