A refusal by a lawyer to furnish information related to litigation included in the letter of inquiry is likely to result in?
Answers
Qualification of the audit report.
A refusal by a lawyer to furnish information related to litigation included in the letter of inquiry is likely to result in Qualification of the audit report.
What is Qualification of the audit report?When the scope of the auditor's job is limited or when there is a difference of opinion with management on the application, acceptability, or sufficiency of accounting policies, the auditor's report is qualified. For auditors, a report must qualify an issue as material or as economically worthwhile.What is an audit report with qualified opinion?An auditor's qualified opinion states that, with the exception of a particular area, the financials are fairly reported. A qualified opinion is typically still acceptable to lenders, creditors, and investors, unlike an unfavorable or disclaimer of opinion.What exactly is qualified reporting?An audit report that has qualifications is one that is not error-free. The auditor may qualify his report if he has any concerns about particular processes indicated in the financial statements.
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Related Questions
in the united states, data about all economic activity are categorized into a hierarchical set of six-digit naics codes. what does naics stand for?
Answers
In the US, information on every economic activity is arranged into a hierarchy of six-digit naics codes. The "North American Industrial Classification System" is what the NAICS acronym stands for.
Explain about the features of the NAICS?For the purpose of gathering, evaluating, and distributing statistical data pertaining to the American corporate economy, Federal statistics agencies classify commercial establishments according to the North American Industrial Classification System (NAICS).
It was created to enable close business statistics comparisons between the 3 North American nations. NAICS is built on a production-oriented idea, which means that it divides businesses into industries based on how similarly they create goods or provide services.In the US, information on every economic activity is arranged into a hierarchy of six-digit NAICS codes.
Thus, the "North American Industrial Classification System" is what the NAICS acronym stands for.
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Problem 4-18 A borrower and a lender agree on a $255,000 loan at 8 percent interest. An amortization schedule of 25 years has been agreed on: however, the lender has the option to "call the loan after five years. Required: If called, how much will have to be paid by the borrower at the end of five years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Balance at the end of 5 years_____
Answers
The correct answer is the balance at the end of 5 years will be $99,274.55.
The lender has the right to "call" the loan after five years, which means that the borrower must repay the balance of the loan. We can use the amortization schedule to determine the outstanding balance of the loan at the end of five years. To calculate the outstanding balance of the loan at the end of five years, we need to calculate the monthly payment on the loan and then calculate the balance after 60 months.
Here are the steps:
Calculate the monthly interest rate by dividing the annual interest rate by 12: 8% / 12 = 0.006667
Calculate the number of payments over the life of the loan: 25 years x 12 months = 300 payments.
Calculate the monthly payment using the loan amount, the monthly interest rate, and the number of payments: PMT = $255,000 x 0.006667 / (1 - (1 + 0.006667)-300) = $1,897.67
Calculate the remaining balance on the loan after 60 months by using the PMT function in Excel: PV = $255,000; rate = 0.006667;
NPER = 60; PMT = -$1,897.67; type = 0; FV = $99,274.55
Therefore, the balance at the end of 5 years will be $99,274.55.
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Suppose the production function is given by q(K,L)=50LK. The price of labor is $5 per unit and the price of capital is $20 per unit. What is the cost-minimizing input combination if the firm wants to produce 1000 units?
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If the production function is given by q(K, L) = 50LK then the firm should use 10 units of capital and 200 units of labor to produce 1000 units at minimum cost.
To find the cost-minimizing input combination, we need to compare the marginal products of labor and capital with their respective prices. The marginal product of labor is the additional output produced by adding one unit of labor, while holding capital constant.
The marginal product of capital is the additional output produced by adding one unit of capital, while holding labor constant.
The marginal product of labor is given by the partial derivative of the production function with respect to labor:
∂q/∂L = 50K
The marginal product of capital is given by the partial derivative of the production function with respect to capital:
∂q/∂K = 50L
Comparing the marginal products with their prices, we can find the cost-minimizing input combination. The ratio of the marginal product to the price gives the marginal productivity of each input:
MPL = 50K / $5 = 10K
MPK = 50L / $20 = 2.5L
To minimize costs, the firm should use each input up to the point where its marginal productivity equals its price. In other words, the firm should use more of the input that has a higher marginal productivity per dollar spent.
To produce 1000 units, we need:
q = 1000 = 50LK
=> L = 1000/50K = 20K
Substituting L into the MPK equation:
MPK = 2.5L = 2.5(20K) = 50K
Since the marginal productivity of capital is higher than that of labor, the firm should use more capital and less labor to minimize costs. Therefore, the cost-minimizing input combination is:
K = √(1000/50) = 10
L = 20K = 200
The firm should use 10 units of capital and 200 units of labor to produce 1000 units at minimum cost.
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if a stock certificate is lost, the shareholder’s ownership interest in the corporation is lost with it.T/F
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False. If a stock certificate is lost, the shareholder's ownership interest in the corporation is not lost with it. The shareholder can still prove ownership through other means, such as bank statements, tax returns, or contacting the corporation's transfer agent to obtain a new certificate or a legal affidavit of lost certificate.
A stock certificate is a physical document that serves as evidence of ownership in a corporation. It represents the ownership interest or shares held by an individual or entity in a company.
It's important to note that the use of stock certificates varies across different jurisdictions and types of securities. Some countries or companies may no longer issue physical certificates, while others may require them for specific purposes.
Investors should consult with their brokerage firms or legal advisors to understand the processes and requirements related to stock ownership and transfer in their specific jurisdiction.
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A car manufacturer focuses on the customer when deciding what types of vehicles to produce by gathering information about customer needs. The car company has a ________ orientation.
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The vehicles to produce by gathering information about customer needs. The car company has Product orientation.
In Product orientation, the company focuses on selling its products to customers needs and expectation. In this orientation, company has created new products to solve customers needs towards buying a product or service.
In product orientation, company focuses on achieving customers trust and the company invests heavily in development guided by customer needs.
A car manufacturer focuses on the customer expectation and budget by gathering information about customers needs towards service.
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1.1 Which statement best describes financial accounting …
A. Reports are prepared for managers and users inside the organisation
B. Provides a scorecard by which the past performance of a business is judged in
the form of financial statements which are used by stakeholders outside the
organisation
C. Conduct an official financial inspection of a company or its accounts
D. A and B only
E None of the above
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A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations
Answers
Based on the information given the company's cash-basis income for its first year of operations is $350,000.
First step
Net sales revenues =Sales - Account receivable
Net sales revenues= $1,000,000 - $100,000
Net sales revenues = $900,000
Second step
Net expenditure on purchases =Inventory purchases - Account payable
Net expenditure on purchases =$400,000 - $50,000
Net expenditure on purchases = $350,000
Third step
Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses
Cash-basis income= $900,000 - $350,000 - $200,000
Cash-basis income= $350,000
Inconclusion the company's cash-basis income for its first year of operations is $350,000.
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In economics, the term that refers to the time, effort, and other resources needed to search out, negotiate, and consummate an exchange is:
a. comparative costs
b. pecuniary costs
c. transaction costs
d. specialization costs
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The correct term that refers to the time, effort, and other resources needed to search out, negotiate, and consummate an exchange in economics is "transaction costs" (c).
Transaction costs encompass various expenses incurred during the process of conducting economic transactions, including the costs of information gathering, searching for suitable exchange partners, negotiating contracts, monitoring and enforcing agreements, and resolving disputes.
Transaction costs are a fundamental concept in economics, particularly in the field of transaction cost economics. These costs arise due to imperfections in markets, such as information asymmetry, bounded rationality, and opportunistic behavior. They represent the frictions and inefficiencies inherent in economic exchanges and can significantly impact the overall efficiency and effectiveness of markets.
Understanding transaction costs is crucial for analyzing and designing economic systems. By minimizing transaction costs, market participants can enhance efficiency, promote specialization, and encourage mutually beneficial exchanges.
Economists and policymakers often explore mechanisms and institutions that can help reduce transaction costs, such as contract enforcement mechanisms, legal frameworks, standardization, and technological innovations.
In summary, transaction costs encompass the time, effort, and resources required for searching, negotiating, and completing exchanges. They are a key consideration in economic analysis and play a significant role in shaping market outcomes and economic behavior. So, the correct option is c. transaction costs.
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After having a discussion with your parents, you have thought about your future income from a career of your choosing. Which of the following should not have an impact on your future earnings?
a. the amount of training needed for your job
b. your previous experience
c. the amount of education you have
d. where you went to high school
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2. true or false: as the market portfolio is perfectly diversified, it is risk-free. explain. previousnext
Answers
False. The market portfolio is not risk-free, despite being perfectly diversified. While diversification reduces unsystematic or idiosyncratic risk, it cannot eliminate systematic or market risk.
Systematic risk arises from factors affecting the overall market, such as economic conditions or geopolitical events, which affect all investments. Thus, the market portfolio is still exposed to systematic risk, making it inherently risky. Diversification can only mitigate unsystematic risk, but the overall risk of the market portfolio is determined by systematic risk factors beyond diversification's control.
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a broker-dealer buys a security in the market, places it into inventory, changes the price, and resells the security in the market. this is called:
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The process of broker-dealer buying a security in the market, placing it into inventory, changing the price, and reselling the security in the market is known as "market making". Market makers, such as broker-dealers, act as intermediaries between buyers and sellers by providing liquidity to the market.
In order to do so, they hold a certain number of securities in their inventory and offer to buy or sell these securities to other market participants at a quoted price. Market makers earn a profit by buying low and selling high, effectively creating a spread between the bid and ask price of the security.
Market making is an important function in financial markets, as it helps to ensure that buyers and sellers can find each other and trade at fair prices. Without market makers, it would be much more difficult and costly for investors to buy and sell securities, which could reduce overall market efficiency.
It's worth noting that market-making is a regulated activity, and broker-dealers must comply with various rules and regulations, such as the SEC's Rule 15c3-1, which sets minimum net capital requirements for broker-dealers engaging in market-making. Additionally, market makers are subject to certain obligations, such as maintaining fair and orderly markets and disclosing material information to customers.
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need help What were Law’s plans?
Answers
Answer:
Law created a private national bank and issued paper money, based on the wealth of the French government, in the hopes to pull France out of debt.
-BBBM
Which of the following is not one of the benefits of using electronic slides as a visual aid
Answers
Answer:
B. It is difficult to record points made during a meeting on an electronic slide.
a proficiently performed internal activity that is central to a company's strategy and competitiveness.
Answers
An internal activity that is central to a company's strategy and competitiveness is referred to as a core competency. These competencies are crucial for a company to achieve a competitive advantage in the industry in which it operates. A core competency is a proficiency that the company has developed over time and is difficult for competitors to duplicate.
The following is a more in-depth discussion of core competencies.Core competencies are abilities and expertise that distinguish a company from its competitors. They are the unique strengths and capabilities that a company possesses that allows it to deliver exceptional value to its customers.
Companies that have a strong set of core competencies can perform internal activities more efficiently and effectively than competitors, giving them a significant advantage.Core competencies can be classified into two categories: technical and strategic.
Technical competencies are the skills and expertise required to produce a company's products or services, such as engineering, design, or programming. Strategic competencies are the skills and expertise required to make strategic decisions and navigate the complex business environment in which the company operates.
Companies that have a strong set of core competencies can use them to create new products, services, and processes that offer a competitive advantage over competitors. For example, Apple's core competencies in design, marketing, and branding have allowed it to create products that are aesthetically pleasing, easy to use, and highly desirable. Companies that lack core competencies may struggle to compete effectively in their industry.
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surf's up corporation is interested in improving the effectiveness of their advertising for their latest surfboard equipment. they began a few years ago by advertising in widely circulated magazines such as maxim and sports illustrated. more recently, surf's up is placing their ads in longboarder magazine and surf guide. their change of promotional strategy has been from:
Answers
The promotional strategy Mass media advertising to targeted or niche media advertising.
This change in advertising strategy is a way for Surf's Up Corporation to reach their target audience more effectively. By advertising in magazines that cater specifically to surfers and longboarders, they are able to reach people who are more likely to be interested in their surfboard equipment. This approach is often more cost-effective and can lead to higher engagement and conversion rates compared to mass media advertising, where the message may get lost among a broader and less relevant audience.
By targeting their advertising to the niche audience, Surf's Up Corporation can also establish themselves as experts in the field and build a stronger connection with potential customers. This can lead to greater brand recognition and loyalty, helping the company to grow and succeed in the long term.
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Having just graduated with a degree in business, Brianna looks over several offers she has received from companies interested in her talents. She is specifically interested in the wage setup each company is offering. One wants her to manage a small store; this would be a salaried position. Another would have her working in a sales office on commission. The third is a spot in a paper company as an hourly sales manager. Brianna has been offered a chance to do per-project work for a retail company, but she would be an independent contractor. Compare and contrast these
Answers
Answer:She's just getting started financially and decides not to join her field's major professional association because she thinks it's not worth the annual fee.
Explanation:There u GO!!<3:)
Which of the following is a good example of inflation? OA. You get a flat tire on your car. OB. You work three jobs in order to pay your bills It cost you $50 to gas up your car this month. But last month it cost you OC. $85 It cost you $85 to gas up your car this month. But last month it only cost OD you S50
Answers
Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50
Explanation:
How many publications are related to green nanoparticles?
Answers
Answer:
If you mean nanoparticles for environmental applications then let's see…
2018, more than 166,000 articles related to nanotechnology were published, indicating an increase of more than 7% compared to the corresponding period last year.
No specific category for the environment is disclosed. However, I would say at least 3/4 are related to climate change or environmental
What do Investors use the income statements of organizations for?
Investors use income statements of organizations to calculate ____
1. Financial statements
2. Financial journals
3. financial ratios
such as the business's operating margin, and
1. Turnover ratio
2. Profit Margin
3. ROA
Answers
Answer:
financial ratios and profit margins
Explanation:
How is the transaction journalized? Will mark brainliest
Answers
A transaction is journalized by passing the journal entry in the books of accounts by debit and credit of the respective accounts related to transactions. With relation to the reference (a) debit accounts payable to decrease it and credit cash account to increase it.
A journal entry is a transaction that is passed in books of accounts to keep record of the transactions which generally deals with debit and credit side of a particular transaction.
With relation to transaction, there are several accounts like nominal,real and personal which have different kinds of entry to be passed. Every entry is unique and show its effect on books.
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Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea
Answers
Answer:
Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.
a feature common to both stock splits and stock dividends is: multiple choice that there is no effect on total stockholders' equity. a reduction in the invested capital of a corporation. a transfer to earned capital of a corporation. an increase in total liabilities of a corporation.
Answers
The feature that is common to both stock splits and stock dividends is that there is no effect on total stockholders' equity. This is the correct answer.
A stock split is a division of an existing share into several smaller shares, with each shareholder receiving additional shares in proportion to the number of shares they previously owned. It aims to make shares more accessible to investors by lowering the market price per share. The company's total market capitalization, the number of shares, and the value of each share all remain the same as a result of a stock split.A stock dividend, on the other hand, is a distribution of additional shares of stock in lieu of cash to current shareholders. A stock dividend is usually announced when a firm has no immediate plans for expansion or investment. As a result, the company's overall value remains unchanged, and stockholders' proportionate interest in the company remains the same. There is no effect on total stockholders' equity when stock splits or stock dividends occur, which is a common feature. Therefore, the correct option is that there is no effect on total stockholders' equity.
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The coursework taken at a _____ is focused on specific career skills and trades and does not generally require further academic studies.
vocational school
private school
university
college
Answers
Answer:
Vocational school
Explanation:
Edge 2021
A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company due to the jobs it provides. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.
The manufacturing process used by the company produces a by-product that for years has flown into the town river. The by-product has been considered harmless but some people who live near the river have reported illnesses. The by-product does not currently violate any anti-pollution laws.
WHAT ARE THE ANSWERS TO THESE QUESTIONS?
What are the issues of integrity, ethics and law posed in the case study? What options does the company have, and what should it do and why?
Answers
Explanation:
Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.
For example, from this case, we observe that
although the company is known to have a good reputation over the years and of being a responsible corporate citizen, if it fails to act, then the company's integrity comes under question.Even though the by-product does not violate any laws, failing to take action may taint the good reputation it has had considering the fact that the company is well aware that "some people who live near the river have reported illnesses."
Giving For such example are, from this case, we observe that is:
Thus, although the company is known to have a good reputation over the years and of being a responsible corporate citizen, Then if any it fails to act, then the company's integrity comes under the question of law. Also that Even though the by-product does not violate any laws, Then it is failing to take action may taint the good reputation it has had considering the fact that the company is well aware that is "some people who live near the river have reported illnesses."Learn more about:
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as part of a team you are assigned to create appointment to report one of your asses to put people together and another team sent them to you you already have the title page summary and introduction in the place next you should put the A.table of contents B.appendices C.main body D.conclusion and recommendation
Answers
Answer: C.
Explanation:
The economy has an impact on _____?
a.
which jobs are seasonal
b.
the reasons why workplaces are different
c.
employment and unemployment
d.
how strictly rules at work are enforced
Answers
Answer:
The economy has an impact on employment and unemployment.
Answer:
employment and unemployment
horeline Supply offers their customers trade credit with terms 2/15 net 30. This implies that Multiple Choice paying within 30 days will let a customer deduct 15% off the invoice price. Shoreline's customers have very little incentive to pay within the discount period. most customers will pay their bill within 2 days in order to take the maximum discount. the annual financing cost of failing to pay within 15 days is about 48%.
Answers
The most suitable option is that Company S's customers have very little incentive to pay within the discount period, that is, a 2% of discount is allowed to customers of Company S on paying within 15 days of the discount period.
What is a cash discount?A cash discount is an incentive or rebate allowed to the customers on a receivable amount to be paid within a specified period. It is usually allowed to get prompt payments from the customers.
The credit term provided by Company S is 2/15, net 30 which means a 2% discount is provided to customers if they make the payment within 15 days, and after 15 days the discount period expires and they have to pay the full amount within the period 30 days.
Therefore, the customers of Company S have a very minimal amount of incentive on paying within the discount period.
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ASAPP PLZZZZ
3. In the mythical kingdom of Erehwon, the basic unit of money is the rudolf. At today's exchange rate, 4 rudolfs are equal to $1. A U.S. tourist in Erehwon wishes to purchase a guidebook to the country. The price is 6 rudolfs. How much is this in U.S. money?
(A) $1.50
(B) $6
(C) $4
(D) $24
Answers
Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
Answers
Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
1. Problem solving and critical thinking are defined as
A. The process of finding solutions using myths.
3. Determining the quality of our beliefs,
C. The ability to use facts, knowledge and data to successfully solve problems
D. Assessing the practical impact of our beliefs,
Answers
Answer:
I believe it's C
Explanation:
It might not be, so I would wait till someone else gives you a answer just in case!!