Answer:
C) Whether a company's market target is broad or narrow and whether the company is pursuing a competitive advantage linked to low cost or differentiation.
Explanation:
A company's competitive strategy is how they plan to gain competitive advantage. In order to elaborate and carry on a competitive strategy the company must decide whether it will:
target a broad or narrow market (e.g. mass markets or niche markets)offer low cost products or differentiated products (e.g. branded or generic medicines)The biggest differences in competitive strategies among companies are their approaches to the five competitive forces, their market target (broad or narrow), and whether they focus on cost leadership or differentiation. Also, their risk-taking tendencies play a role in shaping their strategies.
Explanation:The largest and most significant distinctions among the competitive strategies of various firms can be boiled down to their techniques for dealing with the five competitive forces, the kind of market target they have (broad or narrow), and whether their strategy focuses on cost leadership or differentiation.
A company can be a cost leader by offering products or services at a lower cost than competitors, or by differentiating itself by offering unique and superior value. Also, whether a firm is a risk-taker also plays a significant role. Risk-seekers often take bold steps to gain a competitive edge over their rivals, while risk-avoiders prefer less risky strategies.
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Artemisia Gentileschi, Self-Portrait as the Allegory of Painting is a break from the traditional approach to painting self-portraits in almost all Renaissance and Baroque self-portraits because she portrays herself from _________________ and not from ____________. a. her left side; a frontal view b. a frontal view; her left side c. a frontal view; her right side d. her left side: a back view
Answer:
She portrays herself from a frontal view and not from her right side.
Explanation:
Artemisia Gentileschi was a famous artist in the Baroque painting. She born in Rome, Italy. The Self-Portrait as the Allegory of Painting is also known as the La Pittura in which she has depicted herself. This painting is a break from the traditional approach to painting self-portraits in almost all Renaissance and Baroque self-portraits because she portrays herself from a frontal view and not from the her right.Her other famous work include "Madonna and Child, Susanna and the Elders and Judith Slaying Holofernes."Final answer:
Artemisia Gentileschi's self-portrait breaks from tradition by depicting herself from a frontal view, unlike the typical right-side view from Renaissance and Baroque eras.
Explanation:
Artemisia Gentileschi's Self-Portrait as the Allegory of Painting is a deviation from the norm of Renaissance and Baroque self-portraiture because she depicts herself from a frontal view; not from her right side. This choice of representation showcases her as a dynamic and influential female artist in a period when women seldom held paid jobs outside the home. In her portrait, Gentileschi emphasizes her dedication to her craft, holding a brush to symbolize her work as a painter. Her arm creates a dramatic diagonal composition, with the foreshortened arm adding a three-dimensional effect. The portrait also highlights her artistic skills with its realistic textures and the representation of divine frenzy in her unruly hair.
Investment advisers are prohibited from doing all of the following EXCEPT:
A. assigning a customer's contract without permission
B. charging a retainer fee
C. charging commissions on trades effected for the client
D. changing partnership management without notifying clients
Answer:
B. charging a retainer fee
Explanation:
Investment advisers are prohibited from doing all of the following except for charging a retainer fee. A retainer fee is an specific amount of money that the client pays to the professional upfront so that his/her services are secured and always available when needed. Investment Advisers can charge this fee so that the client's can always get their service as soon as it is needed.
Final answer:
Investment advisers can charge retainer fees and commissions on trades effected for clients, provided they are transparent and agreed by the client. Assigning a customer's contract without permission, or changing partnership management without notifying clients, is not allowed due to the fiduciary obligation to the client's best interests.
Explanation:
The question pertains to permissible activities for investment advisers and is focused on understanding which actions are not prohibited in their roles. Investment advisers have a fiduciary duty to prioritize their clients' interests over their own. Within the context of managing investment portfolios, this acknowledges that there are specific actions they cannot take without facing legal and ethical consequences.
Reviewing the options provided: Assigning a customer's contract without permission (Option A) is a violation of this fiduciary duty, as it is transferring the advisor's responsibility to another party without the client's consent. Similarly, changing partnership management without notifying clients (Option D) would be against regulations as it affects the management of clients' investments without their knowledge. On the other hand, charging a retainer fee (Option B) and charging commissions on trades effected for the client (Option C) are typically allowed, provided they are disclosed and agreed upon with the client. Thus, the option that is expressly permitted is charging a retainer fee or commissions on trades, as long as they are transparent and agreed by the client.
Farmland Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $388,000, the company redeemed the bonds at 99. Prepare the entry to record the redemption of the bonds
Answer:
Please see journal entries below
Explanation:
The entries below are made in the books of Farmland Corporation, the issuer of the bond.
Upon redemption, journal entries would be as follows.
Debit: Bond Account $396,000 (cash paid to bond investors)
Credit: Cash/Bank Account $396,000 (cash paid to bond investors)
Debit: Profit/Loss Account $8,000 (premium paid over carrying value of bond, calculated below: )
Credit: Bond Account $8,000 (premium paid over carrying value)
Premium over carrying value is calculated as follows:
Redemption value - carrying value
= [tex](\frac{redemption price}{carrying price} *face value) - carrying value[/tex]
=[tex](\frac{99}{100} *$400,000) - $388,000[/tex]
= $396,000 - $388,000
= $8,000
Based on the value of the bonds and the carrying value, the entry to record the redemption of the bonds is:
Date Account Title Debit Credit
Bonds Payable $400,000
Loss on bond retirement $ 8,000
Discount on bond payable $12,000
Cash $396,000
What is the entry for the redemption?The bond payable account will be debited by the face value of $400,000.
The cash account will be credited by the redemption value of:
= 400,000 x 0.99
= $396,000
The discount on bond payable is:
= 400,000 - 388,000
= $12,000
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The equilibrium wage rate is $18. A perfectly competitive firm sells widgets for $8. Suppose the marginal product of the 6th unit of labor is 3 widgets and the marginal product of the 9th unit of labor is 2 widgets. This firm should hire:
Answer:
should hire the sixth employee whose marginal product is 3 widgets
Explanation:
Since we are not given information about the seventh and eighth employee's marginal product, we cannot know if they should be hired or not.
A competitive firm must hire employees to a point where marginal labor cost equals marginal revenue product.
Marginal labor cost = $18
Marginal revenue product sixth employee = 3 widgets x $8 per widget = $24
Marginal revenue product ninth employee = 2 widgets x $8 per widget = $16
marginal revenue product for the sixth employee is higher than marginal labor cost, therefore the employee should be hired
marginal revenue product for the ninth employee is lower than the marginal labor cost, therefore the employee should bot be hired
The firm should hire the 6th unit of labor as its value of marginal product ($24) exceeds the wage rate ($18), but not the 9th unit since its value of marginal product ($16) is below the wage rate.
The student's question revolves around the decision-making process of a profit-maximizing firm in a perfectly competitive labor market regarding how many workers to hire based on the marginal product of labor and the equilibrium wage rate. The purpose is to determine the optimal number of workers the firm should hire when the equilibrium wage rate is $18, the firm sells widgets for $8, and the marginal product of labor changes at different levels of employment.
To make this decision, the firm assesses the value of the marginal product, which is found by multiplying the marginal product of labor by the firm's output price. For the 6th unit of labor, producing 3 widgets means generating $24 (3 widgets x $8/widget) in revenue.
For the 9th unit of labor, which produces 2 widgets, the revenue generated is $16 (2 widgets x $8/widget).
Considering the equilibrium wage rate of $18, the firm should hire workers as long as the value of the marginal product is equal to or greater than the wage rate.
As such, the firm should hire the 6th unit of labor because its value of marginal product ($24) is higher than the wage rate. However, the firm should not hire the 9th unit of labor because its value of marginal product ($16) is below the wage rate ($18).
Harvey Corporation shows the following in the stockholders' equity section of its balance sheet: The par value of its common stock is $0.25 and the total balance in the Common Stock account is $50,000. Also noted is that 15,000 shares are currently designated as treasury stock. The number of shares outstanding is:
Answer:
185,000 shares outstanding
Explanation:
First we get the value of the treasury stock
= 15,000 x $0.25 = $3,750
We know that treasury stock is the difference between shares issued and shares outstanding.
So, to obtain the total value of shares outsanding, we simply substract the value of treasury stock from common stock:
=$50,000 - $3,750
=$46,250
Now, we simply write the following equation to obtain the number of shares outstanding:
46,250 = 0.25 * X
X = 46,250 / 0.25
X = 185,000
Check My Work Consider two countries that trade with each other, called X and Y. According to the text, inflation in Country X will have a greater impact on inflation in Country Y under the ____ system. Now, consider two other countries that trade with each other, called A and B. Unemployment in Country A will have a greater impact on unemployment in Country B under the ____ system.
Answer:
fixed exchange ratefixed exchange rateExplanation:
Some of the major disadvantages of fixed exchange rates are:
Under-valued or over-valued currencies cannot be adjusted. The adjustments on interest rates have a limited effect on economic growth. A lot of reserves are needed to support the currency's fixed rate.Due to the previously stated disadvantages, when the exchange rates between trading countries are fixed, both inflation and unemployment rates of one country will have a significant effect on the other country.
Tom and Lilly rented a house for $12,000 last year. At the start of the year they bought the house they had been renting directly from the owner for $250,000. They believe they could rent it for $12,000 this year, but stay in the house. How much does Tom and Lilly’s decision to buy the house change GDP? a. it reduces GDP by $12,000 b. it raises GDP by $250,000 c. it does not change GDP d. it raises GDP by $238,000
Answer:
C) it does not change GDP
Explanation:
The selling of existing homes does not affect the GDP since they were built in previous years. Only the sale of newly built homes increase the GDP.
Only the services provided by real estate agents, appraisers, lawyers, etc. related to the sale of existing homes are included in the GDP.
Buying the house does not alter GDP, as the estimated rental value of owner-occupied homes is included in GDP.
Explanation:The decision by Tom and Lilly to buy the house they had been renting does not change Gross Domestic Product (GDP), because GDP includes the value of all goods and services produced within a country in a given period. When they were renting, their rental payments were part of GDP. After buying the house, an estimated rental value of the owner-occupied home is still included in the GDP, even though no actual rent is paid, to reflect the value of housing services they consume. Therefore, the correct answer is that it does not change GDP.
Which of the following channels of communication is low in planning, is used for team meetings, and is a richer form of interacting than conference calls but typically requires more expensive equipment and careful scheduling?
a) video conferencesb) textingc) phone conversationd) emaile) blogging
Answer: Video Conference
Explanation:
A video conference is the best fit for the communication method described in the question.
A video conference also known as video-telephony is method of communication where individuals at different locations can communicate with theirselves in sound and audio at the same point in time.
Video conference is made possible with the use of modern technological gadgets connected to the internet by members of the conference.
Which of the following is a Theory X assumption?
A) The average human being inherently dis-likes work
B) The average human being does not inherently dis-like work
C) The average human being learns, under proper conditions, not only to accept but also to seek responsibility
D) External control and the threat of punishment are not the only means of motivating people to achieve organizational objectives
Answer: The average human being inherently dis-likes work
Explanation:
Theory X assumes that workers dislikes work and that for workers to effectively deliver on their work they need to be seriously supervised by their superiors or employers. The employer or managers in the theory X makes use of either rewards or punishments to control workers behavior.
Theory X assumes that the average human being inherently dislikes work and needs to be motivated through external control and punishments.
Explanation:A Theory X assumption is that the average human being inherently dislikes work. This theory suggests that people are lazy and need to be motivated through external control and punishments. In contrast, Theory Y assumes that the average human being does not inherently dislike work and can be self-motivated.
Therefore, the correct answer is option A) The average human being inherently dislikes work.
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Looking to increase its customer loyalty, management at Epic International has worked to create a personal dialogue with their customers. This dialogue will enable Epic to offer products that exactly meet their customers' needs and provide personalized service before and after the sale.
What strategy does Epic International illustrate?
A. a production orientation
B. niche marketing
C. relationship marketing
D. personalized promotion
Answer: (C) Relationship marketing
Explanation:
The relationship management is one of the business strategy where the organization basically maintaining the partnership with the clients and the customers.
The main aim of the relationship management is that it efficiently deals with the relationship between the business and the customers.
By using the relationship marketing strategy, it manage all the consumer data which is known as CRM (Customer relationship management) and also analysis the business.
Therefore, Option (C) is correct.
Where Is Monetary Policy Stronger? In an open economy, changes in monetary policy affect both interest rates and exchange rates. Comparing the United States and Switzerland, in which country would monetary policy have a more significant effect on GDP through changes in exchange rates?
Answer:
First of all, Switzerland has one of the most open and free market economies in the world, while the US government says that our economy is open but compared to other capitalistic countries, the American economy is a very closed one.
The effects of any change in monetary policy will be more significant in a small open economy like Switzerland since foreign trade is very important to them.
An increase in the money supply will depreciate the currency of a country, and any effect on the exchange rate will affect more an open economy.
according to the law of supply if the price of apple juice rises producers of apple juice will be willing and able to.
Answer:
Increases the Quantity Supply of apple juice.
Explanation:
According to the law of supply, there is a positive relationship between the price of the good and the quantity supply of that good.
If the price of a particular good increases then as a result the quantity supplied of that good also increases because it will become more profitable for the producers to supply more quantity of goods.
Hence, if the price of apple juice increases then as a result the producers are willing and able to supply more quantity of apple juice.
Candice wants to buy a $2500 scooter with a loan from her local bank. Which loan option would be best for Candice if she wants the lowest interest rate and wants to pay off the scooter within 5 years.
A. Loan option 1 will take less than 4 years to pay off and have an annual interest rate of 15%, and total interest of about $700.
B. Loan option 2 will take 3 years to pay off, at which point she will have paid $1,050 in interest.
C. Loan option 3 will take 7 years to pay off, and the total paid for the scooter will be $3200.
D. Loan option 4 will take 5 years to pay off, and the total paid for the scooter will be $3500.
Answer:
A. Loan option 1 will take less than 4 years to pay off and have an annual interest rate of 15%, and total interest of about $700.
Explanation:
A. option 1 will take around four years and total interest over four years is $700.
Interest cost per year=700/4=$175
B. option 2 will take three years and total interest over three years is $1050
Interest cost per year=1050/3=$350
C. option will take seven years and total interest over seven years is $700(3200-2500)
interest cost per year=700/7=$100
D. option 4 will take five years and total interest over five years is $1000(3500-2500)
interest cost per year=1000/5=$200
So the Candice will avail A. option 1 which give lowest interest rate and also the payment in option 1 has to be made within 4 years.
Answer:
answer is A
Explanation:
If the MPC is 0.8 and a component of AD, such as Investment, is increased by $5, then the maximum amount of change in income and output for the nation would be ___________ .
a. $20
b. $25
c. $50
d. $100
Answer:
$25
Explanation:
The maximum amount by which the real GDP is expected to change for a given change in expenditure is known as the multiplier. Note that an economy is made of millions of economic agents interacting with one another. So expenditure made by one actor becomes an income in the hands of another who in turn spends a portion which becomes income to another and so on.
Marginal propensity to consume (MPC) represents the proportion of any extra income spent. For example, if my income increases by $100 and I only spent $70, then MPC is 0.7.
The multiplier depends on MPC. The multiplier is calculated as follows
Multiplier = 1/(1-MPC)
The multiplier in this question is therefore equals to 1/(1-0.8) = 5.
The maximum change expected in the real GDP is calculated as follows:
Maximum change change in GDP = Multiplier × change in expenditure
The maximum change in output for this question is
1/(1-0.8) × $5 = $25
A major objective of written representations is to
a.Shift responsibility for financial statements from the management to auditors.
b.Provide a substitute source of audit evidence for substantive procedures that auditors would otherwise perform.
c.Provide management an opportunity to make assertions about the quantity and valuation of the physical inventory.
d.Impress on management its ultimate responsibility for the financial statements and disclosures
Answer:
d.Impress on management its ultimate responsibility for the financial statements and disclosures
Explanation:
A written representation is written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. It does not include financial statements, assertions, or supporting books and records.
The written representation are normally provided by management for purpose that it has fulfilled its responsibilities in respect of the financial statements and the audit.
Option a. is incorrect since the ultimate purpose of written representation is that management confirms its responsibilities in respect of financial statements.
Option b. is also incorrect because management representation can only be used to support the substantive procedures that we have performed during the source of our audit. They can never be alternative to substantive procedures.
Option c. is also incorrect because the management representation does not include any kind of assertion about any financial statement item.
Option D. is correct since the ultimate objective of the written representation is that management accepts its responsibility for the preparation of financial statements.
So the answer is d.Impress on management its ultimate responsibility for the financial statements and disclosures
When a company lengthens a product line by adding more items within that lines current range, they are __________.
product line filling
product line stretching
product mixing
increasing product depth
building product equity
Answer:
The answer is product line filling.
Explanation:
As said, the strategy involves adding more products to the current range. This is mainly used to,
Reduce the competition and decrease the threat from new products of new and existing competitorsTo take advantage of the existing gaps in the market place and market spaceDuring the short run, the demand curves for most products tend to be: a. more volatile. b. more elastic. c. more inelastic. d. more erratic.
Answer:
C- more inelastic
Explanation:
The tend to be more inelastic( low = less than 1) because people tend to buy even if the price go up because they are use to buying it out of habit
You are thinking about buying a new car and will borrow $20,000 for this purchase at a 5 percent fixed rate for exactly one year. The lender (correctly) assumes that inflation will be 2 percent this year. Based on the above information and assuming you adhere to the terms of the loan, you will pay back the lender exactly ________, which will represent ________ of purchasing power.
Answer:
You will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.
Explanation:
you will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.
$20,000 for this purchase at a 5 percent fixed rate
=$20,000*5/100
=$20,000*0.05 = $1,000
=$20,000 + $1,000 = $21,000
Inflation will be 2 percent this year
=$20,000*2/100
=$20,000*0.02 = $400
=$20,000 + ($1,000 - $400)
=$20,000 + $600 = $20,600
Jake just got a big promotion at work and wants to buy a new Jaguar. However, he lives in northeast Indiana, and the nearest Jaguar dealer is nearly 200 miles away in Indianapolis. This suggests that Jaguar utilizes _______ distribution of its vehicles.
Answer:
Exclusive distribution
Explanation:
Few companies and organisation just use exclusive restaurants to sell their products and services. Exclusive restaurants mean only some recognised and authorised franchises can sell a product and no local dealers are authorised. Similarly, jade wants to buy jaguar and the only deal is 200 miles away which means that jaguar utilises exclusive distribution of its vehicles.
HMR Inc. is a company that manufactures household chemicals and fertilizers used in farming. Its customers consist of farmers and other people who purchase its products. Its suppliers will be most affected by the business through the ________.
Answer:
B. Reputation of the company
Explanation:
Sometimes called goodwill of a company or reputation is simply what others think about a business based on their experience, and what they’ve heard about the business.
HRM Inc. Supplier's would benefit from the company's good reputation.
For example, when giving out credit transactions to companies, supplier's trust are often built on the reputation of the company.
The Highway Transportation System (HTS) is a complex integrated system consisting of ______, vehicles, and people.
Answer:
Roadways
Explanation:
The Highway Transportation System (HTS) by definition "is a complex integrated system consisting of roadways, vehicles, and people"
The basic purpose of the HTS is to "move people and cargo from one place to another in a safe and efficient manner".
And is important to remember that users and drivers who use the HTS are the most important elements in order to be sure the HTS is safe and efficient.
Usually the system stops when we have Collisions and traffic jams.
The Highway Transportation System (HTS) is a complex integrated system consisting of infrastructure, vehicles, and people.
The term "Highway Transportation System" (HTS) refers to the system of public highways, transportation hubs, vehicles, and people involved in the movement of people and commodities on those roads. It is a complete system that consists of a number of components that work together to provide safe and effective transportation. The physical components of the HTS, such as roads, highways, bridges, tunnels, traffic signals, signage, and other supporting structures, are referred to as the infrastructure component.
Vehicles are a crucial component of the HTS and refer to the many travel modes, such as cars, trucks, motorbikes, buses, bicycles, and other motorized or non-motorized modes of transportation.
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1. a subtraction net pay
2. pay that includes overtime, commissions, and bonuses before any deductions exempt
3. the portion the employee takes home withholding allowance
4. free from deduction deduction
5. an amount entered on the W-4 form that tells the employer the amount of income tax to subtract from an employee's paycheck gross pay
Subtraction net pay is the amount that is entered in the W-4 form and that tell the employer the amount of income tax that must be subtracted from an employee's paycheck gross pay
Explanation:
The amount that one receives after the taxes and the amount from the deductions and the final amount that is received on hand is called as the net pay. The subtracted net pay is the pay after the subtraction from the employers pay check and the gross pay
The gross pay is usually calculated by subtracting the federal tax and the social tax and the security taxes and the net pay amount ill be always lesser than the gross pay amount because it is the final amount that will be received
Answer:
1 - commission -- a fee paid to an employee for their sale or services usually based on a percentage of the sale price
2 - gross pay -- an employee’s total pay, including overtime pay, commissions, and bonuses before any deductions were made
3 - net pay -- the amount that appears on the paycheck
4 - exempt -- free from deducting federal income tax from paychecks
5 - withholding allowance -- an amount an individual enters on the W-4 form that helps an employer calculate the amount of income tax to subtract from an employee’s paycheck
6 - deduction -- an amount that is taken out of your paycheck to be sent to the federal government or Social Security
7 - revenue -- the income that a business earns through sales
This is my best attempt from googling for 20 minutes for the ones i didn't already know from having a job. Pretty sure they're all right but if not don't hate me.
________ issues participation certificates, and ________ provides federal insurance for participation certificates
1. Freddie Mac; no one2. Ginnie Mae; Ginnie Mae3. Freddie Mac; Ginnie Mae4. Freddie Mac; Freddie Mac5. Ginnie Mae; Freddie Mac
Answer:
4
Explanation:
Freddie Mac issues and guarantees Mortgage Participation Certificates.
Ginnie Mae is responsible for both issuing and providing federal insurance for participation certificates in the secondary mortgage market. Freddie Mac, while similarly involved in purchasing mortgages, does not offer federal insurance for the certificates it issues.
Federal Insurance for Participation Certificates
The correct answer to the question is: Ginnie Mae issues participation certificates, and Ginnie Mae provides federal insurance for participation certificates. Both the issuance and the federal insurance of these financial instruments are within the scope of Ginnie Mae's operations. In contrast, while Freddie Mac plays a significant role in the secondary mortgage market by buying mortgages from banks, it is not responsible for providing federal insurance to the participation certificates it issues, which is a distinctive feature of Ginnie Mae.
Understanding the functions of these government-sponsored enterprises (GSEs) is essential to comprehending their impact on the mortgage market. Freddie Mac, alongside Fannie Mae, purchases mortgages, packages them into mortgage-backed securities, and ensures that lenders have a continuous supply of mortgage funds. Ginnie Mae, meanwhile, guarantees investors the timely payment of principal and interest on mortgage-backed securities that bear its guarantee, providing a level of security attractive to investors and contributing to low interest rates on the mortgages it guarantees.
The expense for an autopsy covered under the physical exam and autopsy provision is paid by:______
A The state's autopsy fund.
B The limits of coverage under the health insurance policy.
C The estate of the insured.
D The insurer.
Answer:
The expense for an autopsy covered under the physical exam and autopsy provision is paid by the insurer.
The correct answer is D
Explanation:
The insurer has the right to pay for an autopsy covered under the physical exam and autopsy provision. This is contained in standard provision No 11 of Washington State Legislation.
The expense for an autopsy covered under the physical exam and autopsy provision of a health insurance policy is generally paid by the insurer as part of the agreed coverage, without requiring additional payment from the insured's estate.
Explanation:The expense for an autopsy covered under the physical exam and autopsy provision is typically paid by D. The insurer. This cost is usually factored into the coverage provided by a health insurance policy. In the context of health insurance, policyholders often bear costs such as deductibles, copayments, and coinsurance, which are out-of-pocket expenses before the insurer's coverage kicks in. These cost-sharing measures, including deductibles, copayments, and coinsurance, are designed to share the costs between the insurer and the insured and to mitigate moral hazard — the tendency to take greater risks when protected from the consequences of those risks. However, an autopsy, being a unique and specific service, is typically covered as per the terms of the insurance policy without additional out-of-pocket expenses expected from the estate of the insured or the policyholder.
Which group of colonies relied more on fisheries, commerce, and shipping than farming?
Answer:
Colonies of Massachusetts, Rhode Island, Connecticut and New Hampshire generally known as New England Colonies
Explanation:
A major objective of written representations is to
a. Shift responsibility for financial statements from the management to auditors.
b. Provide a substitute source of audit evidence for substantive procedures that auditors would otherwise perform.
c. Provide management an opportunity to make assertions about the quantity and valuation of the physical inventory.
d. Impress on management its ultimate responsibility for the financial statements and disclosures.
Answer:
option D - Impress on management its ultimate responsibility for the financial statements and disclosures.
Explanation:
Correct answer is option D:
The written representations are written statements made by management team explaining about the distinct topics and also used as audit evidence.
This document taken as supporting document which is used to confirm other audit. The auditor managed the list of representation to be signed by client.
How do method variables such as depth of solution, data collection method, etc vary the rate of photosynthesis?
Answer:
The method variables such as depth of solution, data collection method etc. vary the rate of photosynthesis due to their influence on the variables of light intensity, temperature, carbon dioxide, light quality.
Explanation:
During photosynthesis, O2 gas is used and CO2 is produced simultaneously using a light as energy source whose intensity may vary, a solution with different depth varies to provide water and sodium bicarbonate varies to provide dissolved CO2 as the more sodium bicarbonate is added, there is a greater amount of carbon dioxide on it, this will resultin an increase in the speed of photosynthesis.
There is always the possibility of human error in experiment variables which may lead to different measures of the maximum rate on photosynthetic capacity (Amax) or the rate in which leaves are able to fix an amount of carbon dioxide per metre squared per second, for example as μmol m−2 sec−1.
To maximize profits a firm will employ workers up to the point at which for the last worker employed:
Answer:
The correct answer is: point at which the marginal labor costs equal the marginal revenue generated for the firm from that last worker employed.
Explanation:
To begin with, in neoclassical microeconomics, the marginal revenue productivity theory of wages establish that companies will employ workers up to the point at which for the last worker employed the marginal revenue product of labor equals the real wage that will be paid to the worker in where if the marginal revenue that the last worker brings is less than the wage rate then it will cause a decrease in the profits to keep employing that last worker and the correct action will be to fired him.
Bank statements, credit statements, and records of cash expenses help you to estimate your ________.1.credit score2.emergency fund needs3.expenses4.available investments
Answer:
4. Available investments
Explanation:
To enable me estimate my available investments, I need my bank statements, credit statements and record of cash expenses
Bank statements, credit card statements, and cash expense records help you estimate your expenses by providing a record of your monthly spending. Hence the correct option is (3).
Explanation:Bank statements, credit card statements, and records of cash expenses are all important pieces of financial information that help you to estimate and track your expenses. These documents serve as a record of your spending, allowing you to see where your money goes each month.
This information can be essential for creating a budget, planning for the future, and managing your finances effectively. The total of all the expenses reflected in these documents will be your total monthly expenses. This amount includes things like bills, food, entertainment, and any other things you may spend money on.
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Which of the following sequences correctly represents the flow of electrons during photosynthesis?A. NADPH -> O2 -> CO2B. H2O -> NADPH -> Calvin cycleC. NADPH -> chlorophyll -> Calvin cycleD. H2O -> photosystem I -> photosystem IIE. NADPH -> electron transport chain -> O2
Answer and Explanation:
B. H2O -> NADPH -> Calvin cycle