Answer:
Energy derivative currency traders are becoming a component of market or commodity participants. A further explanation is given below.
Explanation:
These participants concentrate on negotiating to arise from movements in market contractual agreements for physical materials such as oil as well as gold. Almost always, these merchants come to terms with manufactured goods used during the start of the development production process, including certain copper for building projects or wheat flour besides cattle feed.According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
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Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 126 widgets per hour. Everyone on your team recognizes more efficient production will lead to more profit for the company, and a higher chance for a raise for each of them. As usual, you will hold a brief meeting explaining the new directive and provide the deadline as to when this new daily production goal must be met with regularity. The meeting ends after a couple of clarifying questions and answers, and you and your employees get back to work on meeting the deadline for the new goal. What management theory best describes the management style of this company? What leadership style will you employ to get the required increase in production of widgets your company requested? Why is this leadership style the best fit for this scenario?
Answer:
Participative Leadership style.
Explanation:
Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.
This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.
The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.
what traits should i have to become a model?
Answer:
Self worth, positivity, self esteem, respectfulness
Explanation:
Answer:
a good body, attractive, confidence
are good places to look to find your current expenses when building your budget.
A) Online research websites
B )Banks and credit unions
C)Bank and credit statements
D)Grocery stores and concerts
Answer:
C)Bank and credit statements
Explanation:
The good places to look to find your current expenses when building your budget is "Bank and Credit Statements"
This is because the credit statement is a document showing a list of transactions or money spent on goods or expenses made. This credit statement can be gotten from a bank of the person whose credit statement is under analysis or credit union.
Hence, in this case, the correct answer is Bank and credit statement.
Energy Conservation in a modern world. Explain
Answer: Energy consumption has risen drastically in the last few years.
Explanation:
Switzerland is much smaller than the united states but its population density is much greater. Although switzerland’s gdp is much smaller than the united states’ gdp, its _______ is slightly higher.
Switzerland is much smaller than the united states but its population density is much greater. Although Switzerland's GDP is much smaller than the united states' GDP, its GDP per capita is slightly higher.
A country's Gross Domestic Product (GDP) per capita is calculated by dividing the GDP by the entire population. The table that follows ranks all of the nations in the world according to nominal GDP per capita and GDP at purchasing power parity (PPP) per capita. Therefore, a higher GDP per capita is frequently associated with excellent outcomes in a wide variety of areas, such as better fitness, more education, or even more lifestyle satisfaction. United States of America. The United States of America is a North American country and the strongest naval and economic power in the region. Likewise, its cultural influence is felt around the globe, mostly because to the popular culture that is reflected in music, movies, and television.
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Which of the following is not a condition for deducting a home office deduction? a. Business use of the office must be exclusive and regular b. The office must be a principal place of business c. Expenses must be allocated between personal use and business use d. All of the above are a condition for deducting a home office deduction 5. Which of the following is a false statement in regards to a personal/rental category of a vacation home? a. A loss for this category is not deductible b. Expenses are allocated between rental and personal use days c. If the taxpayer rents the home for 12 days, it will be treated as a personal/rental vacation home d. Depreciation is calculated over 27.5 years because it is a residential property
The answer to the question "Which of the following is not a condition for deducting a home office deduction?" is B. The office must be a principal place of business.The answer to the question "Which of the following is a false statement in regards to a personal/rental category of a vacation home?" is C. If the taxpayer rents the home for 12 days.
If you have a home office, you may be able to claim a deduction for it on your taxes. This deduction will assist you in reducing the amount of tax you owe. However, there are a few conditions that must be met in order for you to qualify for this deduction.Below are the following conditions:1. Business use of the office must be exclusive and regular. This ensures that the area is used solely for work purposes and not for personal use.2. The office must be a principal place of business. This means that the office must be where the majority of your work is completed.3. Expenses must be allocated between personal use and business use. This is done to ensure that only the portion of expenses that apply to the office are claimed as a deduction.4. The office must be used regularly for the business or as a place where you meet with clients or customers. A spare bedroom that doubles as a storage area would not qualify, for example.In order to claim this deduction, you must meet all of these requirements. If you do not, you may not be eligible for the home office deduction. It's important to keep accurate records and receipts to support your claim. Keep in mind that this deduction is only for the portion of the home that is used for business purposes.A personal/rental vacation home may be a great investment, but it may also be costly.
The Internal Revenue Service provides guidelines for vacation homeowners to follow in order to ensure that they are claiming the appropriate deductions.Below are the following false statements:1. A loss for this category is not deductible. A loss for this category may be deductible, but only up to the amount of income earned.2. Expenses are allocated between rental and personal use days. This is correct, and it is done to ensure that only the portion of expenses that apply to the rental period are claimed as a deduction.3. If the taxpayer rents the home for 12 days, it will be treated as a personal/rental vacation home. This is incorrect. If the taxpayer rents the home for less than 15 days, they do not have to report the income earned.4. Depreciation is calculated over 27.5 years because it is a residential property. This is correct, and it is done to ensure that the depreciation expense is spread out over the life of the property.
The following are not a condition for deducting a home office deduction: The office must be a principal place of business. The following statement is a false statement regarding the personal/rental category of a vacation home: If the taxpayer rents the home for 12 days, it will be treated as a personal/rental vacation home.
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The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on a daily basis. This demand for bread can be categorized as _____.
Considering the situation described above, this demand for bread can be categorized as a "static demand."
This is because a static demand is a type of demand that is not flexible at any given point.
Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.
Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.
Hence, in this case, it is concluded that the correct answer is "Static Demand."
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Which is NOT an effective way to build relationships with your co-workers?
'Find one or two co-workers you can complain to' is not an effective way to build relationships with your co-workers. The right answer is b.
Workplace relationships are personal bonds formed between coworkers. It is advantageous for the organisation as a whole and for the morale and wellbeing of the staff to have employees that get along well with one another. When working on a project together, coworkers who get along well with each other are more likely to produce quality work.
Respected coworkers can inspire you to work at the top of your game, and open lines of communication can make all of your tasks run more smoothly. Employees' total productivity is frequently correlated with their psychological well-being. The ability to think creatively can be sparked by having positive interactions with your coworkers.
The correct answer is option b.
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The question seems incomplete. The complete question is:
Which is NOT an effective way to build relationships with your co-workers?
Ask your co-workers about their role, skills, and goals.
Find one or two co-workers that you can complain to.
Find reasons to praise or compliment your co-workers for good work.
Be curious about your co-workers' lives and passions.
What's a curling iron?
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
Which of the following correctly describes actions of the U.S. government during the recession of 2008-2009? Select one: O a. It refused to provide banks funding and made no significant changes in government spending. O b. It refused to provide banks funding but made a large increase in government spending. O c. It became part owner of some banks but made no significant change in government spending O d. It became part owner of some banks and made a large increase in government spending.
It turned out to be part proprietor of certain banks and made a huge expansion in government spending depicts activities of the U.S. government during the recession . Option D is correct.
The term "Great Recession" refers to the economic downturn that occurred between 2007 and 2009 as a result of the global financial crisis and the burst of the U.S. housing bubble. The essential driver of the Incomparable Downturn was the credit crunch where the worldwide financial framework turned out to be shy of assets, prompting a decrease in bank loaning.
The U.S. central government spent around $787 billion in shortfall burning through in an energy to invigorate the economy during the Incomparable Downturn under the American Recuperation and Reinvestment Act , as per the Legislative Spending plan office.
Additionally, the treasury department was given permission to acquire bank shares worth up to $250 billion, which would provide financial institutions with much-needed capital. Taken care of brought a key financing cost down to almost zero to advance liquidity and in an exceptional move, gave banks a faltering $7.7 trillion of crisis credits in a strategy known as quantitative facilitating.
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Keira Mfg. is considering a rights offer. The company hasdetermined that the ex-rights price would be $70. The current priceis $78.50 per share and there are 4.5 million shares outstanding.The rights offer would raise a total of $40,500,000.
How many rights are required to get a new share?
Round your answer to the nearest integer.
Number of rights required to get a new share = ($78.50 - $69.61) / ($69.61 - $70 / 1) = 5.47Rounding to the nearest integer, we get that 5 rights are required to get a new share.
To determine how many rights are required to get a new share, we need to calculate the subscription price of the rights offer. The subscription price is the amount that shareholders must pay to exercise their rights and receive a new share.
First, we need to calculate the theoretical ex-rights price (TERP), which is the price at which the shares would trade after the rights issue. We can calculate this as follows:
TERP = (total market value of shares before the rights issue + total proceeds from the rights issue) / total number of shares after the rights issue
Total market value of shares before the rights issue = 4.5 million shares x $78.50 per share = $353,250,000
Total proceeds from the rights issue = $40,500,000
Total number of shares after the rights issue = 4.5 million shares + (40,500,000 / $70 per share) = 5.79 million shares
TERP = ($353,250,000 + $40,500,000) / 5.79 million shares = $69.61 per share
The subscription price is then calculated as the TERP minus the value of the rights:
Subscription price = TERP - [(current share price - TERP) / (1 + number of rights required to get a new share)]
Number of rights required to get a new share = (current share price - TERP) / subscription price
Number of rights required to get a new share = ($78.50 - $69.61) / ($69.61 - $70 / 1) = 5.47
Rounding to the nearest integer, we get that 5 rights are required to get a new share.
In explanation, to get a new share, a shareholder must exercise their rights by paying the subscription price, which is calculated using the TERP and the number of rights required to get a new share. The number of rights required is calculated as the difference between the current share price and the TERP, divided by the subscription price minus the value of one right. In this case, the calculation shows that 5 rights are required to get a new share. This means that for every 5 rights a shareholder owns, they can exercise those rights and receive one new share.
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a relationship selling strategy focused on retaining customers is often more expensive to a company because of having to constantly prospect for and sell to new customers. question 5 options: true false
True. A relationship selling strategy focused on retaining customers can indeed be more expensive for a company compared to constantly prospecting for and selling to new customers.
Here's why:
1. Building and maintaining relationships with existing customers require ongoing effort, time, and resources. This includes providing personalized support, addressing their needs, and ensuring customer satisfaction.
2. Retaining customers often involves implementing loyalty programs, discounts, or incentives to encourage repeat purchases. These additional costs can impact a company's bottom line.
3. On the other hand, acquiring new customers typically requires one-time marketing and advertising expenses. Although there may be costs associated with prospecting and converting leads, they are often lower compared to retaining customers.
4. Moreover, existing customers tend to have higher expectations, and meeting these expectations may require additional investments in product development or service enhancements.
In summary, while relationship selling strategies can be beneficial for building customer loyalty, they can also be more expensive for a company due to the ongoing costs of maintaining and retaining customers.
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A relationship selling strategy focused on retaining customers can be more expensive for a company due to the ongoing efforts required to maintain customer relationships. This includes costs associated with customer service, loyalty programs, and marketing efforts. However, the long-term benefits of customer retention, such as increased customer loyalty and repeat business, can outweigh the costs for many companies.
A relationship selling strategy focused on retaining customers can indeed be more expensive for a company compared to constantly prospecting for and selling to new customers. This is because retaining customers involves ongoing efforts to build and maintain relationships, which requires time, resources, and potentially additional incentives to keep customers loyal.
1. Relationship selling is a sales approach that emphasizes building long-term relationships with customers, rather than focusing solely on individual transactions. This strategy aims to create loyal customers who continue to purchase from the company over time.
2. Retaining customers through relationship selling involves ongoing communication, personalized service, and providing value beyond just the product or service itself. This can include things like follow-up calls, loyalty programs, special offers, and personalized recommendations.
3. While retaining customers is important for long-term success, it can be more expensive for a company compared to constantly seeking new customers. The costs associated with retaining customers include maintaining a dedicated customer service team, providing ongoing support, implementing loyalty programs, and investing in marketing efforts to nurture and engage existing customers.
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select the statement that best applies to the shape of the coca-cola bottle. a.) this shape is an example of a service mark. b.) this shape likely cannot be trademarked. c.) this shape is an example of a certification mark. d.) this shape is an example of trade dress.
The statement that best applies to the shape of the coca-cola bottle is this shape likely cannot be trademarked. Thus the correct option is B.
What is a trademark?An easily recognizable sign, design, or expression that distinguishes one product from another is what defines a trademark which is a sort of intellectual property. A trademark often safeguards brand names and emblems applied to products and services.
An EU court concluded that Coca-Cola bottles lack sufficient distinctiveness to be registered, dismissing a challenge made by the American beverage empire against the EU's trademark enforcement body.
Therefore, option B is appropriate.
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Legal authorization by a brand owner to allow another company to "rent" its brand name for a fee is called
Answer:
The appropriate answer is "License agreement".
Explanation:
A written agreement only between various firms where a property owner allows perhaps another entity throughout accordance with a certain set of requirements called a license agreement.In so far as it has jurisdiction, the consequence including its license is to terminate or ease the ruling of conflict. It should be the presumption that perhaps the license should be a province of security.points on the production possibilities frontier are a. efficient. b. inefficient. c. unattainable. d. normative. e. none of the above.
Points on the production possibilities frontier are efficient. Option a is correct.
What is the Production Possibilities Curve?Known by the acronym CPP, this is a model capable of helping a company to identify the opportunity costs of producing two goods, being an advantageous method for analyzing production costs and shortages.
Therefore, when the points are on the production possibilities frontier, they are considered efficient, if they were beyond the frontier, they would be considered unattainable.
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Leroux health insurance is considering changing the options in one of their health care plans (plan a) based on customer feedback that prescriptions and regular visits to the doctor are too expensive for the insured individual. how can leroux reduce the costs of regular health care without driving up the price of their health care plan? leroux health insurance plan a cost: monthly premium: $248.00 annual deductible: $5,500.00 co-pays: brand-name prescriptions $35.00 generic prescriptions $15.00 visits: primary care physician: $40.00 specialist: $60.00 urgent care: $125.00 emergency room: $325.00 a. reduce the monthly premium but increase the co-pay amounts to compensate for the lower premium. b. reduce the annual deductible, but increase the co-pay amounts so that the monthly premium can stay the same. c. reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same. d. reduce the co-pay amounts but increase the monthly premium to compensate for the lower deductible.
The Leroux firm can reduce the costs of regular health care without driving up the price by reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same.
What is a health care insurance?This is a health insurance that provide coverage for expenses arising from health issues.
If the firm want to reduce the costs of regular health care without driving up the price of their health care plan, then, its need to reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same.
Therefore, the Option B is correct.
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The Answer is B
Explanation:
Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $229 TV on your credit card and make the minimum monthly payment each month.
How much is that minimum payment?
Answer:
19.0833333333
Explanation:
Since there is 12 months a year in total, it will cost $19.0833333333 a month
Answer:
$19.08
Explanation:
8.2 Describe the two approaches to order management. How are they different? How are they related? Explain how order management and customer service are related.
There are two main approaches to order management: the traditional approach and the modern approach.
The traditional approach to order management is characterized by manual processes, such as writing orders on paper, and a lack of integration between different parts of the organization.
This approach can be slow and inefficient, and can lead to errors and delays in fulfilling orders.
The modern approach to order management, on the other hand, involves the use of technology and automation to streamline processes and improve efficiency.
This approach typically includes the use of an order management system, which can automatically process orders, track inventory, and coordinate fulfillment and delivery.
The modern approach also involves the integration of different parts of the organization, such as sales, marketing, and fulfillment, to ensure a smooth and seamless customer experience.
Both approaches to order management are related in that they both aim to fulfill customer orders and provide good customer service. However, the modern approach is generally more efficient and effective at achieving these goals, thanks to the use of technology and automation.
Order management and customer service are closely related, as effective order management is a key component of good customer service.
By efficiently processing orders, tracking inventory, and coordinating fulfillment and delivery, companies can ensure that customers receive their orders quickly and accurately, leading to a positive customer experience.
In addition, effective order management can help companies to identify and resolve any issues or problems that may arise, further enhancing customer satisfaction.
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What is the difference between a total and a subtotal?
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 20Y6, Emerson Company’s accounting clerk prepared the following unadjusted trial balance: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 20Y6 ACCOUNT TITLE DEBIT CREDIT
1 Cash 7,135.00 2 Accounts Receivable 37,950.00 3 Prepaid Insurance 7,045.00 4 Supplies 1,895.00 5 Land 116,150.00 6 Building 148,750.00 7 Accumulated Depreciation-Building 88,280.00 8 Equipment 133,800.00 9 Accumulated Depreciation-Equipment 97,280.00 10 Accounts Payable 12,145.00 11 Unearned Rent 6,970.00 12 Suzanne Emerson, Capital 222,685.00 13 Suzanne Emerson, Drawing 15,300.00 14 Fees Earned 320,650.00 15 Salaries and Wages Expense 190,770.00 16 Utilities Expense 42,730.00 17 Advertising Expense 22,595.00 18 Repairs Expense 17,420.00 19 Miscellaneous Expense 6,470.00 20 Totals 748,010.00 748,010.00 The data needed to determine year-end adjustments are as follows:
a. Unexpired insurance at October 31, $6,080.
b. Supplies on hand at October 31, $470.
c. Depreciation of building for the year, $7,245.
d. Depreciation of equipment for the year, $4,140
. e. Unearned rent at October 31, $1,200.
f. Accrued salaries and wages at October 31, $3,550.
g. Fees earned but unbilled on October 31, $11,125.
Required:
1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense—Building, Depreciation Expense—Equipment and Supplies Expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance
The main adjustments needed are for unexpired insurance, supplies on hand, depreciation of building and equipment, unearned rent, accrued salaries and wages, and fees earned but unbilled.
1. Journalize the adjusting entries:
a. Insurance Expense: $965 ($7,045 - $6,080); Prepaid Insurance: $965 credit
b. Supplies Expense: $1,425 ($1,895 - $470); Supplies: $1,425 credit
c. Depreciation Expense-Building: $7,245; Accumulated Depreciation-Building: $7,245 credit
d. Depreciation Expense-Equipment: $4,140; Accumulated Depreciation-Equipment: $4,140 credit
e. Unearned Rent: $5,770 ($6,970 - $1,200); Rent Revenue: $5,770 credit
f. Salaries and Wages Expense: $3,550; Salaries and Wages Payable: $3,550 credit
g. Accounts Receivable: $11,125; Fees Earned: $11,125 credit
2. Adjusted trial balance:
- Prepaid Insurance: $6,080
- Supplies: $470
- Accumulated Depreciation-Building: $95,525 ($88,280 + $7,245)
- Accumulated Depreciation-Equipment: $101,420 ($97,280 + $4,140)
- Unearned Rent: $1,200
- Salaries and Wages Payable: $3,550
- Accounts Receivable: $49,075 ($37,950 + $11,125)
- Fees Earned: $331,775 ($320,650 + $11,125)
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why is training important
These reasons include:-
Increased job satisfaction and morale among employees.Increased employee motivation.Increased efficiencies in processes, resulting in financial gain.Increased capacity to adopt new technologies and methods.Increased innovation in strategies and products.Reduced employee turnover.When should the team members determine the decision? When should the leader?
The determination of decisions within a team depends on the nature of the decision and the roles of team members and leaders.
The involvement of team members in decision-making should occur when their expertise and knowledge are valuable in reaching the best possible outcome. Team members who possess specific skills, experience, or domain knowledge related to the decision should be actively engaged in the determination process. This allows for diverse perspectives, input, and the utilization of collective intelligence to arrive at informed and well-rounded decisions. In addition, decisions that directly impact team members' responsibilities or tasks should involve their input to ensure ownership and alignment.
However, leaders also have a critical role in decision-making. They bear the responsibility of guiding the team, setting strategic objectives, and considering the broader organizational context. Leaders often need to consider factors such as resource allocation, organizational goals, and the long-term impact of decisions. In situations where team members cannot reach a consensus or when a decision requires swift action, leaders may step in to make a final determination. Their experience, strategic vision, and ability to assess risks and opportunities contribute to effective decision-making within the team. Ultimately, the decision-making process should strike a balance between the involvement of team members and the leadership's guidance and authority.
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ask questions using the question word's given within brackets
Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
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15. When performing a financial statement audit, auditors are required to explicitly assess the risk of material misstatement due to: A. Fraud. B. Misappropriation. C. Illegal Acts. D. Business risk.
When performing a financial statement audit, auditors are required to explicitly assess the risk of material misstatement due to "fraud" (option a).
Fraud is defined as an intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception that results in a misstatement in the financial statements. Assessing the risk of material misstatement due to fraud requires the auditor to obtain an understanding of the entity's environment, internal control, and procedures that address the risk of fraud.
The auditor must also assess the risk of fraud by evaluating the susceptibility of the financial statements to material misstatement due to fraud, and by designing audit procedures to detect such misstatements. The auditor is also required to communicate any identified or suspected fraud to those charged with governance and, in some cases, to regulatory authorities.
Option a is answer.
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Maryville, Inc., incurred the following costs during August: Raw materials used $ 33,100 Direct labor 65,200 Manufacturing overhead, actual 44,800 Selling expenses 26,700 Administrative expenses 19,400 Interest expense 9,100 During the month, 5,300 units of product were manufactured and 4,800 units of product were sold. On August 1, Maryville, Inc., carried no inventories. On August 31, there were no inventories other than finished goods. a. Calculate the cost of goods manufactured during August and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during August. c. Calculate the difference between cost of goods manufactured and cost of goods sold.
Answer:
a. To calculate the cost of goods manufactured, we need to add up the direct materials, direct labor, and manufacturing overhead costs.
Cost of goods manufactured:
Raw materials used + Direct labor + Manufacturing overhead, actual
= $33,100 + $65,200 + $44,800
= $143,100
To calculate the average cost per unit of product manufactured, we divide the cost of goods manufactured by the number of units produced:
Average cost per unit:
Cost of goods manufactured / Units produced
= $143,100 / 5,300
= $27 per unit
b. To calculate the cost of goods sold, we need to multiply the number of units sold by the average cost per unit:
Cost of goods sold:
Units sold x Average cost per unit
= 4,800 x $27
= $129,600
c. The difference between the cost of goods manufactured and the cost of goods sold represents the change in inventory for the month:
Cost of goods manufactured - Cost of goods sold
= $143,100 - $129,600
= $13,500
This means that Maryville, Inc. increased its inventory by $13,500 during the month of August.
According to the given situation about Maryville, Inc.
(a) The cost of goods manufactured during August and the average cost per unit of product manufactured is $143,100 and $27 respectively.
(b) The cost of goods sold during August is $143,100.
(c) The difference between cost of goods manufactured and cost of goods sold is $0.
a. The cost of goods manufactured during August can be calculated using the formula:
Cost of goods manufactured = raw materials used + direct labor + manufacturing overhead, actual
Cost of Goods Manufactured = $33,100 + $65,200 + $44,800
Cost of Goods Manufactured = $143,100
To calculate the average cost per unit of product manufactured, we need to divide the total cost of goods manufactured by the number of units produced:
Average Cost per Unit of Product Manufactured = Cost of Goods Manufactured / Number of Units Produced
Average Cost per Unit of Product Manufactured = $143,100 / 5,300
Average Cost per Unit of Product Manufactured: $27
Therefore, the cost of goods manufactured during August was $143,100, and the average cost per unit of product manufactured was $27.
b. The cost of goods sold during August can be calculated using the formula:
Cost of Goods Sold = Beginning Inventory + Cost of Goods Manufactured - Ending Inventory
Since the beginning inventory and ending inventory are both zero, we can simplify the formula to:
Cost of Goods Sold = Cost of Goods Manufactured
Cost of Goods Sold = $143,100
Therefore, the cost of goods sold during August is $143,100.
c. The difference between the cost of goods manufactured and the cost of goods sold is the value of the finished goods inventory on August 31. Since there were no inventories other than finished goods on August 31, the difference between the cost of goods manufactured and the cost of goods sold is equal to the value of the finished goods inventory.
Difference between Cost of Goods Manufactured and Cost of Goods Sold = Ending Inventory
Ending Inventory = Cost of Goods Manufactured - Cost of Goods Sold
Ending Inventory = $143,100 - $143,100
Ending Inventory = $0
Therefore, the difference between the cost of goods manufactured and the cost of goods sold is $0.
Learn more about ending inventory: https://brainly.com/question/24868116
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When a salesperson says or does something that creates agency such as giving advice to a customer, giving an opinion to a customer, or negotiating on the customer's behalf the licensee has:
Answer:
implied agency
Explanation:
The implied agency refer to an agency that is established from the principal and agent conduct. It develops the agency relationship. It is a real agency and a fact to be proved
Therefore as per the given situation since it is mentioned that at the time when the salesperson said or do something that establish the agency so this represent the implied agency
Therefore the same is to be considered
What the person above me said
Explanation:
i just took the asignment.
William wrote a check for $150.00 for his gas bill, but he only has 96.26 in his checking account. What will happen to the check when it is presented for payment
Answer:
The person will ask William to check his checking account and then William would have to lower the check amount he had previously wrote.
Explanation:
If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This line of credit offered by the bank is called overdraft protection. ... Furthermore, if your account remains overdrawn, your bank may also charge you daily interest on the loan.
What effect do communication skills have on ability to pursue
Answer:
you. dummy joking I. don't know