An audit client failed to maintain copies of its procedures manuals and organizational flowcharts. what should the auditor do in an audit of financial statements?
a. document the auditor's understanding of internal controls.
b. restrict the auditor's responsibility to assess the effectiveness of controls in the audit engagement letter.
c. assess control risk at the maximum level.
d. issue a qualified opinion on the basis of a scope limitation.
Abc insurance company has accepted a life insurance application which contains unanswered questions. the company then makes the application part of the life contract. in this situation, the insurer has
In this situation, the insurer has "waived one of its legal rights".
If an insurer acknowledges an application that contains unanswered inquiries and makes the application part of the existence get, the organization has deferred one of its lawful rights.
An insurer’s reservation of rights is a vital legitimate advance, especially with regards to obligation protection. The safety net provider may give a guard to the safeguarded, apparently shielding the protected from the genuine liabilities that may result from a common suit. The obligation safety net provider is alarming the guaranteed respondent that protection may at last not cover the subsequent risk, or a segment of the liability.
Abc insurance company has accepted a life insurance application which contains unanswered questions. The company then makes the application part of the life contract. in this situation, the insurer has waived one of its legal rights.
In this situation, the insurer, ABC Insurance Company, has waived one of its legal rights by accepting a life insurance application that contains unanswered questions and making it part of the life contract. Typically, insurers have the right to reject or decline an application that is incomplete or contains unanswered questions.
However, by accepting the application and proceeding with the issuance of the life contract, the insurer has chosen to waive this right and treat the incomplete application as valid. This action signifies the insurer's decision to proceed with the contract despite the unanswered questions, potentially assuming additional risk or liability.
Learn more about insurance here:
https://brainly.com/question/989103
#SPJ6
What are the basic trends in diversity in the united states today? what accounts for these trends?
Trends in diversity include gender, age, ethnicity, immigration. Several different factors have accounted the trends and changes in diversity in the workforce. These factors include: changing demographics in the labor force; employers are casting a broader net in recruiting and are looking beyond traditional sources for new employees; legislations and legal action have forced organizations to hire more diverse staff; and the globalization movement
When tamara is alone with michael, she tells him, "i care about your success as a sales associate and believe that the way you interact with clients is hurting your results." tamara's criticism could be more constructive if she remembered to?
Tamara’s criticism could be more constructive is Tamara will remember and take note of requesting or having to tell him regarding about the changes that he may apply or develop with his behavior in the upcoming task or in the future.
Tamara's criticism can be more constructive by using a positive and supportive tone, giving specific suggestions, and following the principles of effective interpersonal communication.
To make Tamara's criticism more constructive, she should utilize a more positive and supportive tone, adding specific examples and suggestions on improving client interactions.
This practice falls under the principle of effective interpersonal communication, where feedback should be actionable and encouraging, rather than simply pointing out negative aspects.
In the case of James and Maria's performance appraisal, my advice would be to maintain honesty and integrity in the appraisal process. While understanding the personal circumstances of an employee, such as financial difficulties, it is critical for James to provide accurate and fair feedback based on Maria's performance.
Perfect pizza wants to install a system to record orders for pizza and chicken wings. when regular customers call perfect pizza on the phone, they are asked their phone number. when the number is typed into a computer, the name, address, and last order date is automatically brought up on the screen. once the order is taken, the total, including tax and delivery, is calculated. then the order is given to the cook. a receipt is printed. occasionally, special offers (coupons) are printed so the customer can get a discount. drivers who make deliveries give customers a copy of the receipt and a coupon (if any). weekly totals are kept for comparison with last year's performance. write a summary of business activities for taking an order at perfect pizza
The process for taking an order at Perfect Pizza involves asking for the customer's phone number, bringing up their information on the computer, calculating the total, giving the order to the cook, printing a receipt, and providing any coupons or discounts. Weekly totals are also kept for comparison.
Explanation:The process for taking an order at Perfect Pizza involves several steps:
When regular customers call, they are asked for their phone number.The phone number is typed into a computer, which brings up the customer's name, address, and last order date on the screen.The order is taken and the total, including tax and delivery, is calculated.The order is given to the cook and a receipt is printed.If there are any special offers or coupons, they are printed for the customer to receive a discount.Drivers give customers a copy of the receipt and a coupon (if any) when making deliveries.Weekly totals are kept for comparison with last year's performance.Learn more about Taking an order at Perfect Pizza here:https://brainly.com/question/28830025
#SPJ3
In homologous recombination, the term "patch product" refers to
Q 7.24: companies that report inappropriate current assets as cash and cash equivalents may appear to be
What is the starting point for total quality management
Answer:
The correct answer is: customer focus.
Explanation:
Customer focus is the milestone of quality management. It is the degree in which a firm satisfies the customers' needs and expectations on a regular basis. Customer focus measures the success of a company on giving its target clientele the product or service they request according to what the customers demand from it.
Question 1. use the above survey results to construct a 95% confidence interval for the proportion p of all ohio state university female students who would be willing to walk somewhere after dark that they would normally not go if they had a cell phone.
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic to the vegetable. in spite of informing the server of his choice, a slice of bell pepper sits right on top of the dish he ordered. in addition to a service breakdown, this could lead to:?
An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.
Suppose you were to collect data for each pair of variables. you want to make a scatterplot. which variable would you use as the explanatory variable and which as the response variable
Final answer:
In creating scatterplots, the independent or explanatory variable is plotted on the x-axis, while the dependent or response variable is plotted on the y-axis. The independent variable influences the dependent variable, which is reflected in how data is visualized on the scatterplot.
Explanation:
When creating a scatterplot, you'll want to distinguish between the two types of variables: the explanatory variable and the response variable. The explanatory variable, also known as the independent variable, is the one you suspect might be causing changes or influencing the other variable. It is usually plotted on the horizontal axis (x-axis) in a scatterplot.
Whereas, the response variable, or dependent variable, changes in response to the explanatory variable and is plotted on the vertical axis (y-axis). A classic example involves time as an independent variable and distance as a dependent variable. In an experiment to measure the distance traveled by a car over time, time would be plotted on the x-axis because it is the independent variable that you control, and distance would be plotted on the y-axis as it is the outcome you are observing.
The goal during the ________ of the personal selling process is gain the customer's attention and build the foundation for the sales presentation?
Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
The common key concepts that are common to the quality improvement approach are the following;
- Usage of QI tools, this is used for mapping, analyzing and collecting data.
- Outcomes and measuring are also used.
- Lastly, application of statistical process control
In order for ads to be effective, what is the first thing that they must do?
Offer reasons why the product is better than others.
Be seen and get the attention of consumers.
Get the consumer to visit a store.
None of the above.
For advertisements to be effective for companies to sell their products. Companies need their advertisement to (B) be seen and get the attention of consumers.
It is important for advertisements to grab the attention of the customers, since if it doesn’t, then the advertisement does not manage to its job well, and the product will not sell as much as they should. (B) should be the first thing an advertisement aims to do.
Answer:
The correct answer is letter "B": Be seen and get the attention of consumers.
Explanation:
Effective ads follow a set of requirements that include but are not limited to be unforgettable; coincide with customers and deliver a message that is personally meaningful; share how the product or service blends into the lives of customers; and, most importantly, be attractive and in plain sight so that anybody can see it.
A research study uses a single sample of participants to evaluate the effect of a treatment. the results of the hypothesis test are reported as follows: t(14) = 2.73, p < .05. based on this report, what was the statistical decision?
Based on this report, there were 15 individuals in the sample. The explanation for this is shown as
Using the formula df = n – 1, and n = df + 1, substituting the values given in the problem to the formula, we get n = 14 + 1. Therefore, n is equal to 15.
Industry low, industry average, and industry high cost of benchmarks on p 6 of each issue of the footwear industry report are
You are considering two ways of financing a spring break vacation. you could put it on your credit card, at 17 % apr, compounded monthly, or borrow the money from your parents, who want an interest payment of 9 % every six months. which is the lower rate?
Which of michael porter's four competitive strategies is autozone trying to follow? discuss?
The first question you ask is: "gearup has several offices located around the country. what kinds of networks will gearup need to implement and/or support in this scenario?" which answer must applicants give in order to move on to the next interview?
If the distinct keyword is not included in the avg function, the ____ keyword will be assumed.
In SQL, when you use the AVG function without the DISTINCT keyword, the ALL keyword is implicitly assumed, meaning all values, including duplicates, are considered in the calculation of the average.
Explanation:In SQL, when using the AVG function to calculate the average of a set of values, if the DISTINCT keyword is not included, the ALL keyword is implicitly assumed. The ALL keyword means that all values, including duplicates, will be used in the calculation of the average. With DISTINCT, on the other hand, duplicates are ignored, and every unique value is counted only once when calculating the average.
For example, if you have the values {3, 3, 4, 5}, the AVG with DISTINCT would be 4, because it would only consider unique values (3, 4, 5). Without DISTINCT, the ALL keyword would be implied, and the average would be 3.75, because it would consider all values, including the duplicated 3.
Learn more about SQL AVG Function here:https://brainly.com/question/32358255
#SPJ12
Over a period of several decades, coffee consumption declined from 75% of the adult population in 1962 to 49% in 2004. then, it increased to 56% in 2010. a firm with a good marketing orientation would have
A company just paid a dividend of $2.87 per share. the dividend is expected to grow at 25 percent per year for the next five years. thereafter, the dividend growth rate is expected to be 6 percent per year into the foreseeable future. calculate the dividend expected to be paid 8 years from today ( that is, at t = 8).
At year 0, Dividend per share is $ 2.87
At year 1, Dividend per share is Div prev year * 1.25 or 2.87 * 1.25 = 3.5875
At year 2, Dividend per share is 3.5875 * 1.25 = 4.4844
At year 3, Dividend per share is = 4.4844 * 1.25 = 5.6055
At year 4, Dividend per share is = 5.6055 * 1.25 = 7.0068
At year 5, Dividend per share is = 7.0068 * 1.25 = 8.7585
At year 6, Dividend per share is = 8.7585 * 1.06 = 9.2841
At year 7, Dividend per share is = 9.2841 * 1.06 = 9.8411
At year 8, Dividend per share is = 99.8411 * 1.06 = 10.4316
Or using the equation D8 = 2.87*(1.25)^5 * 1.06^3 = 10.4316
Answer is 10.4316
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Given that: F (Future worth) = $2,500, i (nominal interest rate) = 0.12, compounded monthly = 12 months, years of investment = 1 year, and no. of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1). Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n (total number of compounding) = 1 x 12 = 12, since year of investment is equal to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get A=$197.12. Multiply by 20, you will get $3,942.44.
To calculate how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, the future value formula is used. The payment would be approximately $207.57 per month.
Explanation:To calculate how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, we need to use the future value formula. The formula is:
Future Value = Payment x [(1 + Interest rate/compounding periods)^(compounding periods x years)]
In this case, the future value we want to achieve is $2,500 for each employee, and we want to deposit each month for a year.
Substituting the values into the formula, we get:
2500 = Payment x [(1 + 0.12/12)^(12 x 1)]
Simplifying the equation gives us:
Payment = 2500 / [(1.01)^12]
Using a calculator, we can calculate:
Payment ≈ $207.57
Learn more about Future value calculation here:https://brainly.com/question/17119148
#SPJ3
The minimum price that most consumers would pay for a given product is known as the ________ price.
Emma promises to pay greta $400 because "she does not have as much money as other people." emma's promise is not enforceable because: greta has not given consideration in return. emma could have paid more. society does not want gifts cheapened by making them legally enforceable. the redistribution of wealth on a one-to-one basis is not a valid social goal.
Manufacturers begin building a new plant in arizona. which determinant of aggregate demand causes the change?
What are the types of entities you might find in the electra bike manufacturing/production database management system?
The types of entities you might find in the electra bike manufacturing or production data base management system are the following;
- Inventory
- Materials
- Distribution
- Supplier
These are the entities that you can usually find in database management system
Windows ____ is microsoft's fastest, most efficient operating system to date, offering quicker application start up, built-in diagnostics, automatic recovery, improved security, and enhanced searching and organizing capabilities.
Windows 10 offers cut-off date support, the most powerful ye t intuitive security system to date, and most of all a balanced interface which is equally friendly to desktop and laptops as well as tablets and touch devices.
Bob says he has achieved his "dream job." as an engineer for a major defense systems company, he is responsible for using sophisticated airplane and weaponry equipment that creates the exact conditions that a professional may experience if he/she uses the equipment in a real-life situation. he spends several hours each day performing __________.
What is the most important factor determining bankruptcy, according to the altman z-score model?
The Altman Z-Score model determines bankruptcy based on a company's financial ratios like Working Capital/Total Assets and Retained Earnings/Total Assets.
The most important factor determining bankruptcy, according to the Altman Z-Score model, is the company's financial condition as indicated by various financial ratios.One of the key ratios used in the Altman Z-Score model is the Working Capital / Total Assets ratio, which reflects a company's ability to cover short-term obligations with its assets.Another crucial ratio is the Retained Earnings / Total Assets ratio, indicating the proportion of assets financed through earnings rather than debt, influencing the company's risk of bankruptcy.