Review changes in accounting policies and assess their impact. Investigate reported faults and evaluate potential financial implications.
1. The auditor should further investigate and verify the terms and the nature of the related-party transaction between Carringbush Ltd and PK Pty Ltd. If any transaction or the terms of the transactions are unfavorable to Carringbush Ltd, the auditor should check whether this related party relationship was properly disclosed in the financial statements or not.
The auditor should evaluate whether there is any risk that the director’s interest would influence the decision and selection of the exclusive supplier and assess the implications of this related-party transaction on the audit report.
2. The auditor should examine the effectiveness of the new inventory control system to ensure that it is functioning correctly and efficiently. The auditor should obtain evidence regarding the accuracy and completeness of the system, whether the system produces reliable and complete financial information and whether the system provides adequate information and documentation for the audit purposes.
The auditor should also assess whether the system ensures that internal controls are operating effectively and whether there is an adequate backup of data in case of system failure.
3. The auditor should evaluate whether the changes in accounting policies were justified and made appropriately and in accordance with the relevant accounting standards or not. If the changes in accounting policies have been properly disclosed in the financial statements, the auditor should evaluate the impact of the change on the financial statements, both for the current and subsequent years.
4. The auditor should investigate the nature and extent of the reported faults and assess the potential implications of this fault on the financial statements. The auditor should evaluate the risk of any potential financial liability, warranty claims, or product recalls arising from the faulty products and how these risks are dealt with in the financial statements.
Thus,To address related party transactions, the auditor should verify terms, assess risks, and ensure proper disclosure. For computer systems, evaluate effectiveness, accuracy, and internal controls.
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Name any FIVE causes of stress in the workplace
Answer:
1. long hours
2. tight deadlines
3. heavy workload
4. changes to duties
5. job insecurity
100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?
Answer:
With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.
Explanation:
Review your states guidelines and regulations pertaining consumer loans and credit. And a 500 word report, describe how they compare to the federal laws. Tennessee.
Answer:
Texas state laws are highly concerned with third-party collection agencies hassling consumers. State laws require that debt collectors prove they are bonded and licensed to collect delinquent funds. A debt collector must validate or prove it is the legitimate owner of a debt and provide the consumer with specific information about the debt. The Texas finance code states that collection agencies must tell you the name of the original creditor, the original date of default or non-payment, the date the debt was transferred from the original creditor to the third-party debt collector, and the original balance and current balance. If the debt collector refuses to provide the information, state law views it as an admission of inaccurate debt collection. The consumer then has the right to have all debt collection efforts stop and to have the debt permanently removed from any consumer credit reports. The debt collector must be bonded in the state of Texas and have legal authority to collect fees, interest, and expenses. Texas offers programs to monitor credit reports, help repair credit history, and make payment plans.
While federal credit and loan laws are more concerned with fair and accurate business practices, Texas state law is more concerned about debt collection by third parties and repairing credit history. It indicates that when it comes to credit and loans, the biggest problems Texans experience are high debt, debt collections, and poor credit ratings. Texas is less concerned with fair credit practices by creditors and more concerned with how to keep its consumers from defaulting on loans. They also seem to be concerned with fraudulent collection agencies going after consumers and with false financial information being placed on consumer credit reports. The Fair Credit Reporting Act tells consumers to alert CRAs to investigate disputed claims, and the CRAs then have 30 days to investigate a claim and determine if it is inaccurate, incomplete, or unverifiable. In Texas, the state advises consumers to contact the collection agency and request information to validate the collection. Texas gives the collection agency 30 days to respond. If the collector doesn’t respond, the case must be removed, if the agency does respond, the debt is considered legitimate. The state does not refer to CRAs at all.
The state’s website does address identity theft, which can lead to fraudulent use of credit. Texas recommends its citizens invest in an identity protection plan for $10 a month. It also encourages people to invest in a credit report service for $14.95 a month. The Fair and Accurate Credit Transactions Act advises people that they have the right to access three free credit reports a year. The act also states that consumers have the right to have their account flagged by CRAs in the event of identity theft. Texas does not mention any of these rights and services. However, the state provides a lot of links and pages advertising businesses that consumers can pay to help them with credit history and identity theft. The state does not alert people to any free rights and services guaranteed by federal law.
Explanation:
PLATO
Total revenue (TR) is:
A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time
Why is it important to have communication in a job ?
Answer:
Good communication can boost teamwork and lead to better project collaboration.
Answer:
- Good communication can boost teamwork and lead to better project collaboration. It applies to practically every industry.
- Workplace communication is important for streamlining internal communication. Maintaining effective communication ensures that management and the team below them are on the same page
- It disseminates the information needed by employees to get things done and builds relationships of trust and commitment.
- Workplace communication is vital to an organization's ability to be productive and operate smoothly.
- Workplace communication improves worker productivity.
I hope my answer helps you.
Florence deposits 6000 in an ordinary annuity at the end of each quarter in an account earning 6 percent interest coumpund
The future value of the account in 2 years will be $19,101.6. if Florence deposits $6000 in an ordinary annuity at the end of each quarter in an account earning 6% interest compound.
The given data is as follows:
deposits money = $6000
interest compound = 6%
Time peroid = 2Years
Future value also called Ordinary Annuity is a term used to explain at some coming date and with a shared interest rate, a sequence of normal prices will be worth it.
The Future Value is calculated by using the formula:
FV = C [{ (1+i)^n - 1}/i]
Future Value = 6000 [{ (1+i)²- 1}/0.06]
Future Value = 6000 [(1.06)² - 1]/0.06
Future Value = 6000 [1.191016 - 1]/0.06
Future Value = 6000 x (0.191016/0.06)
Future Value = 6000 x 3.1836
Future Value = $19,101.6
Therefore, we can conclude that the future value of the account in 2 years will be $19,101.6.
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The complete question is-
Florence deposits 6000 in an ordinary annuity at the end of each quarter in an account earning a 6 percent interest compound. What is the future value of the account in 2 years?
Answer:
$6021.60
Explanation:
6000+(6000×0.6^2)
=6000+21.6
=6021.
Simply Imagine wants to grow their company but is hindered by increasing labor costs and import quotas.
Simply Imagine should consider becoming a(n)
(A) countertrader (B) wholly owned subsidiary (C) strategically(D) mulimatiomnal (E) franchiser
Answer:
multinational
Explanation:
A multinational business operates in at least one other country apart from its home country. The company will have factories/ offices in different countries and its headquarters in the domicile state. The operations of a multinational are coordinated at its headquarters.
By becoming a multinational, simple imagine can expand in countries with relatively cheap labor. It will overcome the import quota challenge by operating from a country without restrictions or from the source state.
Which of the following database object hold data?
Reports
Tables
Forms
All of the above
Answer:reports
Explanation:
1. Juan i enrolled in marketing education coure and i 17 year old. Juan ha been hired by an electrical contractor. Juan i hoping to ue thi job a a cooperative work ite placement. You are told that Juan’ job i to pull electrical component out of inventory and drive them to the job ite
Juan is a 17-year-old enrolled in marketing education courses who has been hired by an electrical contractor as an inventory component puller and delivery driver for job sites.
Juan's job as an inventory component puller and delivery driver for an electrical contractor involves taking electrical components out of the company's inventory and driving them to job sites. This job is a cooperative work site placement for Juan, who is pursuing a marketing education and is hoping to use this experience to further his career.
The job requires Juan to be responsible for ensuring that the components are properly pulled and loaded onto the vehicle, and that they are delivered to the job site in a timely and efficient manner. This position will give Juan valuable hands-on experience in the electrical contractor industry, as well as the opportunity to apply the marketing education he is currently studying.
This question should be written as:
Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.Learn more about marketing here: brainly.com/question/25640993
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Which statement best describes a business creating an incentive?
Answer:
A. A factory increases production to respond to growing demand.
B. A restaurant offers a discounted price on a new type of dish.
C. A car dealership increases the price on a car when it becomes
more popular
D. A retailer stops carrying a product that doesn't sell well in its
stores
Explanation:
An incentive is a reason why somebody should do something, or in this case, buy something. This is why I believe the right answer is B because it attracts customers.
________ involves cultivating opinion leaders and getting them to spread information about a product or a service to others in their communities
Answer:
Integrated marketing communications involves cultivating opinion leaders and getting them to spread information about a product or a service to others in their communities.
I hope this helped at all.
Caterer agrees with Bride to cater Bride's wedding reception for $12 per plate. On the wedding day, Caterer calls Bride saying that some things have come up, and she will have to charge $16 a plate in order to do the catering. Bride agrees. Which is true
Which is the largest component of GDP?A. consumptionB. investmentC. government purchasesD. net exports
Answer:
B, investments
Explanation:
all take a huge part in the role of GDP
but investments would be the largest component
In an economy, the largest component of a Gross Domestic Product (GDP) is Consumption, which is the private consumption or consumer spending on goods and services in the nation's economy.
Explanation:The largest component of the Gross Domestic Product (GDP) is typically consumption. In an economy, this encompasses all private consumption, or consumer spending, in a nation's economy. It includes spending on goods and services such as meals, clothes, cars, health care, and more. Decisions about consumption spending are a significant driver for economic activity and growth.
Each component of GDP (consumption, investment, government purchases, and net exports) plays a role in the overall economic activity. However, consumption is known for its large share in GDP because household expenditure acts as the primary driving force in the economy.
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Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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Can anyone help with this question??
Incorporate the concepts of game theory to international trade and tariffs. Set up two payoff matrices. Set up the first payoff matrix such that the outcome will be harmful to both countries. Set up the second payoff matrix such that the outcome will be beneficial to the United States. From your perspective as a consumer, evaluate the two matrices using current actions by each country to see which most likely benefits domestic consumers.
Game theory is a branch of economics that analyzes strategic decision-making between multiple parties. When applied to international trade and tariffs, game theory can help us understand the potential outcomes and effects on countries involved. Let's set up two payoff matrices to evaluate the outcomes.
First, let's consider a scenario where both countries impose high tariffs. In this case, both countries might experience a decrease in imports, leading to limited consumer choices and potentially higher prices. This outcome would be harmful to both countries.
Now, let's set up a second payoff matrix where the United States reduces tariffs while the other country maintains high tariffs. In this scenario, the United States could benefit by gaining access to cheaper imports, which could lead to lower prices for domestic consumers. This outcome would likely be more beneficial to domestic consumers.
As a consumer, it is important to evaluate the actions of each country in terms of their impact on your access to affordable goods. By reducing tariffs, the United States could potentially provide domestic consumers with more choices and lower prices.
In summary, by using game theory to analyze international trade and tariffs, we can see that reducing tariffs can potentially benefit domestic consumers by providing them with more affordable goods and greater choices. However, it's important to consider the broader context and effects on other stakeholders as well.
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At what price will the stock reach an ""equilibrium"" at which it is perceived as fairly priced today?.
it's equilibrium price is $55.75.
An equilibrium rate is a balance of demand and grant factors. There is a tendency for expenditures to return to this equilibrium except some characteristics of demand or supply change. Changes in the equilibrium price manifest when both demand or supply, or both, shift or move.
How do you discover equilibrium price?To find the equilibrium rate a mathematical system can be used. The equilibrium fee components is primarily based on demand and furnish quantities; you will set volume demanded (Qd) equal to quantity supplied (Qs) and resolve for the price (P). This is an instance of the equation: Qd = one hundred - 5P = Qs = -125 + 20P.
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What kind of account requires you to leave your money in it for a specific amount of time?
A. Checking account
B. Stock market account
C. Savings account
D. Money market account
Answer:
money market account
Explanation:
what is the term for when businesses produce goods and services that consumers do not want
Answer:
Productive (technical) inefficiency.
Explanation:
A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet consumer demand.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
2. Productive (technical) inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
An organization segmented into departments such as Sales, Marketing, Product Design, Product Development, Operations, and Human Resources demonstrates a (blank)organizational structure.An organization segmented by both product and function demonstrates a (blank)organizational structure.An organization segmented by geographic regions demonstrates a((blank) organizational structure.answer choises- divisional, functional, matrix
Functional organizational structure , matrix organizational structure , Divisional organizational structure.
A functional organizational structure is a framework for organizing employees. They are divided into groups depending on their unique abilities and knowledge. Each department is organized vertically, with positions ranging from the president through the finance and sales divisions, customer support, and workers assigned to a single product or service.
Workers expressed to two or more supervisors rather than a single manager who oversees all components of a problem in a matrix organizational structure.
The divisional structure is a company structure in which each administrative function is divided into divisions. Each division houses all of the resources and functions required to serve the line of products or geographical in consideration.
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Answer: Functional, Matrix, Divisional
Explanation:
I got it right on edge 2022
During a merger, when company buys another, who should be the beneficiaries of the money paid for the acquired company?
Answer:
Concessions are usually made during merger negotiations, Merger securities are non-cash assets paid to the shareholders of a corporation that is being acquired by or merged with another company.nation:
John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
multiple answers
These statements are true regarding association with a headhunter or recruiter:
1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer
Headhunters and the recruiters both of them work for the employer of the company.
Option fourth is the correct answer.
Who is an employer?An employer is an individual who controls and manages the affairs of a company.
During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.
Therefore, the employer of the company is associated with both the headhunters and the recruiters.
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Match each concept in Column A with an example in Column B. Column A Column B a. Substitute goods 1. Price and quantity along the supply curve b. A nonprice determinant of demand 2. Tea and coffee c. A nonprice determinant of supply 3. A change in technology d. Mark-up pricing 4. Hunger e. Positive relationship 5. Shoes and shoelaces f. Negative relationship 6. Consumer income g. Inadequacy 7. Price and quantity along the demand curve 24 h. Complementary goods 8. Setting price equal to cost plus 20 percent
Answer:
a. Substitute goods - Tea and coffee
b. A nonprice determinant of demand - Consumer income
C. A nonprice determinant of supply - A change in technology
D. Mark-up pricing - Setting price equal to cost plus 20 percent
E. Positive relationship - Price and quantity along the supply curve
F. Negative relationship - Price and quantity along the demand curve
G. Inadequacy - Hunger
H Complementary goods - Shoes and shoelaces
Explanation:
Substitute goods are goods that can be used in place of another good.
if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
Complementary goods are goods that are consumed together
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.
Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :
1. a change in consumers' expectation
2. a change in the taste of consumers
3. a change in income
There is a positive relationship between price and the quantity supplied. This accounts for why the supply curve is positively sloped.
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
4. Technological changes
ohnson company has the following data about customer orders for the month of june: orders received: 5,000 orders total units ordered: 40,000 units total units delivered: 37,800 total orders delivered complete: 4,600 what was johnson's unit fill rate?
The Johnson Company was able to have a unit fill rate/ fulfillment rate of B. 94.5 percent.
It is given that,
Total Units Ordered: 40,000 units
Total Units Delivered: 37,800
By using the formula,
Total units delivered / Total units of orders received × 100
Now, putting the given information in the formula. We get:
37,800 divided by 40,000 then multiply by 100
\( \frac{37800}{40000} \times 100\)
= 94.5%
The percentage of orders that you can fill using your current inventory without experiencing any lost sales, backorders, or stockouts is known as the fill rate or order fulfillment rate. It's a reliable indicator of your capacity to satisfy customer demand and the general efficiency of your e-commerce operations.
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Note that the full question is:
Johnson Company has the following data about customer orders for the month of June:
Orders Received: 5,000 orders
Total Units Ordered: 40,000 units
Total Units Delivered: 37,800
Total Orders Delivered Complete: 4,600
What was Johnson's unit fill rate?
A. 92 percent
B. 94.5 percent
C. 12.5 percent
D. None of these
What personnel records would you suggest for a small retailer with three employees?
Explanation:
For a small retailer with three employees, the ideal would be to keep personnel records well organized, because regardless of the size of the company, the records function as a perspective of the human resources department and a protection for the company, therefore it is essential that the company have registration forms, selection data, evaluation reports, disciplinary forms, job description, social security number, etc.
Aptitude tests are designed to measure potential for accomplishment. B how much has been learned. verbal abilities. D capacity for divergent thinking Question 6 2 Points The difference between gross and fine motor skills is whether they A are controllable B involve bigger or smaller muscles. involve mental or physical skills. D are due more to nature or nurture.
The difference between gross and fine motor skills is whether they involve bigger or smaller muscles.
Gross motor skills refer to the ability to control and coordinate large muscle groups to perform movements such as walking, running, jumping, and throwing. These skills involve the use of larger muscle groups and the coordination of multiple body parts.
On the other hand, fine motor skills involve the coordination and control of smaller muscle groups, particularly those in the hands and fingers. These skills are necessary for activities that require precise movements, such as writing, drawing, typing, or using utensils. Fine motor skills are essential for tasks that require dexterity, hand-eye coordination, and precision.
The distinction between gross and fine motor skills is primarily based on the size and complexity of the muscle groups involved in the movement. Gross motor skills focus on larger muscle groups and movements, while fine motor skills involve smaller muscle groups and more precise movements. Both types of motor skills are important for overall physical coordination and performance of various tasks in daily life.
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True or False: ConAgra and Cargill imitated the meat packing company, Iowa Beef Processors by automating their plants. This reduced the IBP competitive advantage because its capabilities were easily imitated.
The statement ConAgra and Cargill imitated the meat packing company, Iowa Beef Processors by automating their plants. This reduced the IBP competitive advantage because its capabilities were easily imitated is true.
In dynamic environments with high levels of uncertainty, businesses may use an imitation strategy to benefit from the advertising spillovers from the company early adopters, take advantage of the new markets that these businesses capabilities to create, and cut their own market development and marketing costs.
Competitors find it more challenging to duplicate intangible resources than they do tangible ones. Horizontal integration capabilities is the most important company level strategy for Pfizer. Reduced resource duplication and a lower cost structure.
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In your own words, how do you apply for scholarships
how can we use the list of preference while making decisions
Answer:
you Nepal ?
Explanation:
hey what you asking