The rent to charge so as to maximize revenue is $1100.
Let x be the number of occupied apartments. Then the demand function (which represents the cost of rent) is given by:
p(x) = 600 + 20 (80−x) = 2200 − 20x
and the Revenue function is R(x) = x.p (x) = 2200x - 20x²
Thus, it follows R¹(x) = 2200 - 40x so, R¹(x) = 0 ⇒ 2200 - 40 = 0 ⇒ x = 55
Thus, the monthly rent should be set at p(55) = $ 1100.
Renting, also known as hiring, letting, or paying a charge for the temporary use of a good, service, or property owned by another, is a legal transaction. In a gross lease, the landlord pays for all typical maintenance costs while the tenant only has to make one payment each month. An example of renting is the rental of equipment. Renting can be done in a sharing economy environment. Revenue, which is determined by dividing the average sales price by the quantity of units sold, is the sum of regular company expenses. The top line, also known as gross income, is what is used to calculate net revenue after costs are deducted. Sales are another term for revenue in the income statement.
To learn more about Revenue click here
brainly.com/question/28558536
#SPJ4
The use of outsourcing is primarily designed to reduce _____________ for the business that is implementing this strategy
Costs is right option. The use of outsourcing is primarily designed to reduce Costs for the business that is implementing this strategy
Outsourcing is a strategy used by businesses to reduce costs by shifting certain processes, such as manufacturing, to outside providers. Outsourcing allows businesses to focus on their core competencies, reduce overhead costs, increase efficiency, and potentially increase profitability. Additionally, it can help businesses access specialized expertise and services they may not have the resources or capabilities to provide in-house.
To know more about outsourcing here
https://brainly.com/question/11441512
#SPJ4
A(n) _____ contract carries the least risk for suppliers.
a. CPPC b. FFP
c. CPAF
d. FP-EPA
The least risky contract for a supplier is an FP-EPA one. Long-term contracts are utilized FP-EPA contracts, which permit pre-defined modifications to the contract price because of altered circumstances.
This can entail variations in inflation or higher or lower prices for particular commodities.
The nature of this contract is similar to that of a fixed-price contract. However, the former has a specific provision that allows for price adjustments, whereas the latter is non-negotiable.
In this specific contract, the buyer and seller concur on pre-established standards for the price adjustment. The market's inherent uncertainties make this conceivable. This particular contract is advantageous for long-term projects or those that span several years because it is crucial to remember that market dynamics alter over time.
To learn more about a contract, tap here:
brainly.com/question/25626121
#SPJ4
Which of the following is NOT considered to be an operating expense on the income statement? A) salaries B) depreciation and amortization
C) corporate taxes D) administrative expenses and overhead
On the income statement, corporate taxes are not considered an operating expense.
What is indirect corporate taxation?Corporate tax, also known as corporation tax, is a type of direct tax. Any earnings generated by a corporation's operations, whether domestic or international, are subject to corporate taxation. Corporations pay rates ranging from 15% to 40%.
Customers pay indirect taxes whenever they buy goods and services, as opposed to paying direct taxes like income tax or corporate tax to the government.
The term corporate/corporation tax refers to a direct tax levied by the government on business organizations as a source of revenue. In order to comply with laws, a company compiles its financial statements for an accounting period (usually 12 months).
To know more about corporate tax visit:
https://brainly.com/question/30092524
#SPJ4
which of these actions would most likely decrease a person’s net worth for at least the next 6 months?
A substantial financial loss would most likely decrease a person’s net worth for at least the next 6 months.
What is financial loss?There are a number of events that could lower someone's net worth for at least the upcoming six months, but the event that would probably have the biggest impact would be a substantial financial loss.
Financial loss is harm to one's finances sustained by one or more persons as a result of a subpar service rendered by an organization. The loss is not directly linked to property or personal damage.
Significant financial loss can take the following forms:
Selling a valuable asset at a loss, like a house or a car Investing a sizable sum of money in a risky endeavor that fails Having your salary significantly reduced or losing your job Incurring a big debt, such as from a costly medical or legal expenseTo learn more about financial loss from the given link
https://brainly.com/question/17243432
#SPJ4
Which of the following is not a reason for banks to use activity-based costing?
O to determine the amounts charged to customers for services provided
O to determine service quality
O to determine profitability of services provided
O all of the above
Activity-based costing is not a justification for banks to use it to assess the quality of their services.
The activity-based costing (ABC) technique identifies an organization's activities and then assigns the cost of each activity to each product and service based on how much of each is actually consumed. This model allocates more indirect expenses to direct costs than traditional costing does. According to CIMA, the Chartered Institute of Management Accountants, ABC is a method to the costing and monitoring of operations that includes tracking resource consumption and costing final products. Resources are assigned to activities and activities to cost objects based on consumption estimates. The latter achieve this by using cost drivers to link activity costs to outputs. An accounting technique known as "activity-based costing" analyzes the activities that a company performs and then allocates indirect expenses to those activities.
Learn more about Activity-based costing from
brainly.com/question/6654166
#SPJ4
Having stable demand is a major assumption for justifying which of the following layout types?
A. warehouse layout
B. process-oriented layout
C. fixed-position layout
D. product-oriented layout
Which of the following layout designs is most consistent with the assumption of steady demand? layout that highlighted merchandise.
What is a layout centred around a product?
The term "product layout" refers to a production system in manufacturing engineering where the workstations and equipment are placed along the production line, much like assembly lines.
A conveyor is typically used to move work units along a line (which may not always be a geometric line, but rather a group of connected work stations). Little work is being done at each of the work stations along the line. In order to make the best use of the product layout, the total amount of work that has to be done must be divided into manageable portions that can be assigned to each workstation.
Know more about demand visit:
https://brainly.com/question/29703449
#SPJ4
How do corporations make financial disclosures about the corporation at the end of the financial year? Who benefits from this disclosure?
At the end of the financial year, a corporation has to make a disclosure of its__________. These documents help
__________ to make informed choices.
At the end of the fiscal year, a corporation must make a disclosure of its financial situation. These documents help stakeholders to make informed choices.
What are the benefits of financial disclosures?By demonstrating its financial results at the end of the fiscal year, a corporation is able to create greater value for its stakeholders, such as its shareholders and customers, ensuring greater transparency about processes.
Financial disclosures also assist in compliance with legal compliance and help to gain more accurate knowledge of the company's real situation in terms of its finances, allowing for more effective decision-making.
Therefore, financial disclosures are capable of creating value for the company, attracting greater investment and business organization.
Find out more about financial disclosures on:
https://brainly.com/question/15281075
#SPJ1
One advantage of a partnership is (A) ease of formation. (B) limited liability. (C) unlimited life of the partnership. (D) limited vision and skills.
One advantage of a partnership is ease of formation which means option A is correct answer.
Partnerships have a long history and were used in the Middle Ages in both Europe and the Middle East. According to a 2006 article, the first partnership was formed in 1383 by Prato and Florence-based industrialist Francesco di Marco Datini. The Del Buono-Bencivenni company (1336-1401) and the Covoni company (1336-1401) have both been referred to as early partnerships even though they were not legally recognized as such. The 13th century saw the start of Europe's Commercial Revolution, which included partnerships. In the fifteenth century, the cities of the Hanseatic League helped one another; a ship from Hamburg to Gdansk would not only carry its own cargo, but was also contracted to transport goods for other league members.
Learn more about partnership here:
https://brainly.com/question/19988417
#SPJ4
If an issuer sells bonds at a date other than an interest payment date: A)This means the bonds sell at a premium. B)This means the bonds sell at a discount. C)The issuing company will report a loss on the sale of the bonds. D)The issuing company will report a gain on the sale of the bonds. E)The buyers normally pay the issuer the purchase price plus any interest accrued since the prior interest payment date.
Option E is correct. If the issuer sells the bond on a day other than the coupon payment date: The buyer normally pays the issuer the purchase price plus interest accrued since the last interest payment date.
Issuance date, often used to identify a particular series of bonds from an issuer, is the date on which interest accrues on the fixed income security. An investor who purchases a bond during an interest payment date must pay the seller or issuer interest accrued up to the date of purchase or settlement in addition to the face value.
Investors receive interest income by purchasing bonds issued by corporations, governments and local governments. Many bonds guarantee periodic coupon or interest payments to bondholders until the bond matures. For example, a $1,000 par bond with a 5% coupon that pays semi-annually pays the investor 5%/2 x $1,000 = $25 every six months. Suppose a newly issued bond was sold in January 2018 and its maturity date is his February 1, 2023.
If the bond is scheduled to pay interest on 1 February and 1 August each year until maturity, then that date is 1 February 2023 February 2018. You will receive your first $25 on August 1, 2018.
Know more about investor here:
https://brainly.com/question/28538187
#SPJ4
I WILL MARK BRAINLIST IF YOU GUESS MY A G E 9-19
Answer:
uh 15
Explanation:
Um..Just answering for the points >:), but like who would ask this.
Did the stock market crash cause people to lose jobs?
The stock market crash of 1929, also known as the Great Crash, did not directly cause people to lose jobs.
However, the crash did lead to a severe economic depression, known as the Great Depression, which resulted in widespread unemployment and economic hardship.
The stock market crash was a symptom of the underlying economic problems, including overproduction and underconsumption, which led to a decrease in demand for goods and services, and a decrease in economic activity.
This resulted in businesses closing, downsizing, and laying off workers, leading to high unemployment and economic hardship. The Great Depression was a global economic crisis that lasted from 1929 to 1939 and is considered the longest and most severe depression of the 20th century.
To learn more about Stock Market,
https://brainly.com/question/28222929
#SPJ4
One challenge of nesting functions is to make sure that you include all of the parentheses.
True , One challenge of nesting functions is to make sure that you include all of the parentheses.
Nesting functions refers to the practice of defining one function inside another function. The inner function, also known as the nested function, can be accessed and executed only from within the outer function. This can be useful for organizing code, encapsulating logic, and reusing code. However, it can also make the code more complex and harder to read if not used carefully. nesting functions is a part of functional programming. Functional programming is a programming paradigm that emphasizes the use of functions as first-class citizens, and the use of immutable data and recursion. Nesting functions is one technique that is commonly used in functional programming to organize and structure code. Other common techniques include the use of higher-order functions, which are functions that take other functions as arguments or return them as results, and the use of closures, which are inner functions that remember the state of the outer function's variables.
To learn more about nesting functions here:
https://brainly.com/question/28726868
#SPJ4
The date that SIPC uses to value securities for purposes of insurance coverage limits is the date that the:
The filing date by SIPC to serve as the trustee in the failing broker-bankruptcy dealer's is the valuation date for coverage purposes in a SIPC liquidation.
Insurance recovery from unforeseen catastrophes like vehicle accidents or the death of an adult family supporter is made possible for customers by insurance coverage. The insured person pays an insurance company a premium in return for this coverage. Insurance pricing and coverage are frequently influenced by a number of variables. The insurance business manages risk through premiums. An insurance provider can reduce the risk by raising the premium when there is a larger chance that they will have to pay money toward a claim. For instance, most insurance companies charge younger male drivers more premiums because they believe that they are more likely to get in an accident than, say, a middle-aged married guy with years of driving experience.
Learn more about coverage here:
https://brainly.com/question/29414893
#SPJ4
If you have an orientation where you are learning new job skills after working for a while, it is probably a _____. a. new hire orientation b. interactive orientation c. reorientation d. mentorship Please select the best answer from the choices provided A B C D
It is most likely a "reorientation" if you have an orientation when you are acquiring new job skills after working for a time.
What is reorientation means?Reorientation is the manifestation of making sense of where you are with respect to your situation again, or changing course. If you become lost in the woods, a compass and a guide can help you find your way back.
Reorientation is frequently associated with the area of understanding where you are and putting yourself in the right direction. A football player who becomes disoriented on the pitch may require a quick reorientation so that he does not go in the wrong direction. However, reorientation is also about reexamining, and maybe modifying, how you approach something, for example, a notion or a project.
To learn more about reorientation, click
https://brainly.com/question/8544619
#SPJ4
The law of demand is illustrated by a demand curve that is Group of answer choices constant upward sloping horizontal downward sloping vertical
A demand curve with a falling slope serves as an example of the law of demand. According to the law of demand's definition, the demand curve slopes downward.
It's crucial to understand the difference between the quantity required and the demand itself. The quantity required is the total amount of items that buyers are willing to purchase at a specific price point. demand law and the demand curve. When a product's price rises, less people will buy it, according to the law of demand. In other words, if the product's price increases, the quantity demanded will decrease. Because of the rising opportunity costs for consumers, who may choose to forego purchasing it altogether.
Learn more about demand curve here
https://brainly.com/question/13131242
#SPJ4
True or false?If quantity supplied is 5 dozen apples and quantity demanded is 4 dozen apples, the market is in equilibrium.
The statement given is false, If quantity supplied is 5 dozen apples and quantity demanded is 4 dozen apples, the market is in equilibrium. Market equilibrium happens when product quantity supplied is equal to product quantity demanded.
What is market equilibrium?There is a point where the supply and demand curves overlap; this point is known as the market equilibrium. The amount is the equilibrium quantity, and the price is the equilibrium price at this intersection.
If a market is in equilibrium, the price won't change unless an outside force alters supply or demand and throws the equilibrium out. Market forces have a tendency to bring markets back to equilibrium if they are not already there.
To learn more about market equilibrium refer here
https://brainly.com/question/25300841#
#SPJ4
Russet Inc., an American stainless steel manufacturer, sources iron ore from Australia for the manufacture of steel. It saves on raw material costs as iron ore is cheaper in Australia. This scenario best illustrates
Russett Incorporation, an American stainless steel manufacturer, sources iron ore from Australia for the manufacture of steel. It saves on raw material costs as iron ore is cheaper in Australia. This scenario best illustrates globalization of production.
A global brand is one that generates significant amounts of revenue and is known even outside of its country of origin.Economic globalization involves trade, capital flows and the movement of workers, and an important element in that process is the globalization of production. With the gradual dismantling of trade barriers, and capital flows becoming easier, globalization of production has flourished.
To learn more on globalization of production, visit:
https://brainly.com/question/6805416
#SPJ4
Compared to traditional teams, it is generally a greater challenge for virtual teams to Multiple choice question. retain trust during the period its members work together. establish and meet individual deadlines. set productivity goals keep relationships professional and respectful.
A) In general, it is more difficult for virtual teams to maintain trust while its members work together than it is for traditional teams.
What is the biggest obstacle to using virtual teams?Communication is one of the main issues with virtual teams. When it comes to communication, everyone has different preferences. Email is preferred by some, while instant messaging is preferred by others.
What distinguishes virtual teams from traditional teams?The term "virtual team" refers to a group of people who are physically separated but are united by a common goal, in contrast to "traditional" teams, which are also known as "conventional," "co-located," or "collocated" teams.
To learn more about virtual teams here:
https://brainly.com/question/28498553
#SPJ4
Suppose the government increases the size of a tax by 20 percent. The deadweight loss from that tax
1) increases by 20 percent.
2) increases but by less than 20 percent.
3) decreases by 20 percent.
4) increases by more than 20 percent
4) increases by more than 20 percent
As taxes increase, the deadweight loss from the tax increases. In fact, as taxes increase, the deadweight loss rises extra rapidly than the size of the tax.
What takes place to deadweight loss when tax is decreased?When either demand or provide is inelastic, then the deadweight loss of taxation is smaller, due to the fact the volume bought or offered varies less with price. With ideal inelasticity, there is no deadweight loss. However, deadweight loss increases proportionately to the elasticity of either supply or demand.
What is deadweight loss formula?The method for calculating deadweight loss is: deadweight loss = (new fee - old price) x (original extent - new quantity) / 2 By the use of this equation, you can see just how a long way the new rate of the product has modified from its original. The larger the difference, the larger the deadweight loss.
Learn more about government increases here:
https://brainly.com/question/6961942
#SPJ4
How is GNP calculated?
In order to determine GNP, one typically adds up personal consumption expenditures, private domestic investment, government spending, net exports, and any income residents may have from investments made abroad, then deducts that amount from foreign residents' income.
What Is Gross National Product (GNP)?A country's gross national product (GNP) is an estimation of the total dollar value of all the finished goods and services produced over a specific time period using resources held by its citizens.What a country exports less any imports of products and services is what is referred to as its net exports.The gross national product (GNP) and the gross domestic product (GDP), two additional crucial economic indicators, are related. The former measures all output produced inside a nation's boundaries regardless of who owns the production equipment. GDP is the starting point for GNP, which is then increased by residents' investment income from foreign sources and decreased by foreign residents' investment income earned within a nation.To Learn more About GNP Refer To:
https://brainly.com/question/4378857
#SPJ4
A TV ad for a soft drink falls under the category of _____ advertising.
A) farm
B) corporate
C) consumer
D) professional
E) business
TV advertising for soft drinks falls into the category of consumer advertising. Consumer advertising is aimed at people buying products for themselves or others.
What is the importance of consumer advertising?Consumer advertising promote activities, products or services and encourage people to purchase. Example: Laundry detergents are primarily marketed through consumer advertising to drive brand loyalty and pre-market products.
What is Online Advertising?Online advertising, also known as online marketing, Internet advertising, digital advertising, or web advertising, is a form of marketing and advertising that uses the Internet to promote products and services and target audiences and users of the platform.
What are types of advertising?Social media promotion. Paid search engine advertising. print advertising. broadcast advertising. outdoor advertising. mobile advertising. Direct mail promotion.
To learn more about advertising visit:
https://brainly.com/question/28318996
#SPJ1
How do you calculate GDP from GNP?
To calculate GDP from GNP, enter the following formula: GNP is GDP + NR (Net Income Receipts or Net Income Inflow from Assets Abroad). forecasting for business and the economy.
Does GDP equate to GNP?Gross national product (GNP), also known as the value of all products and services produced by citizens of a nation within a fiscal year, is what is referred to as this.GDP is calculated as GDP + NR (Net Income Inflow from Assets Abroad or Net Income Receipts) - NP. forecasting for business and the economyTo calculate GDP from GNP, enter the following formula: GNP = GDP + NR (Net Income Receipts or Net Income Inflow from Assets Abroad). forecasting for business and the economy.The value added method, the income method (i.e., how much is made from the resources utilized to produce goods), and the spending method are the three ways that GDP can be calculated.To learn more about Gross national product (GNP) refer to:
https://brainly.com/question/526578
#SPJ4
Beeline Inc. offers entrepreneurs the opportunity to operate a franchise under the Beeline trade name as a dealer that sells and leases Beeline equipment. To potential franchisees, Beeline must provide Group of answer choices none of the choices. projected earnings figures. no earnings figures. hypothetical earnings figures.
To potential franchisees, Beeline must provide projected earnings figures. An analyst's projection of future quarterly or yearly profits per share for a publicly traded firm is known as an earnings estimate (EPS).
In order to evaluate a company's performance and make investment decisions concerning it, investors significantly rely on earnings predictions. Consensus earnings estimates are the average or median projections made by a group of analysts regarding the profits or losses a firm is anticipated to experience over a specific time period, usually quarterly and annually. When something is foreseen or estimated, or when sections of something go beyond the rest, as in the case of projected pillars that rise past a building's roof.
To learn more about projections, click here.
https://brainly.com/question/29564005
#SPJ4
What is another term for free enterprise?
The another term for free enterprise is a free market.
What are some examples of successful free enterprise systems? Some examples of successful free enterprise systems include the United States, South Korea, and Japan. In the US, free enterprise has allowed for the development and growth of large companies such as Apple, Microsoft, and Amazon. South Korea has also been able to use free enterprise to become an economic powerhouse, creating huge conglomerates such as Samsung and LG. Japan has seen success in free enterprise, with large companies such as Toyota, Sony, and Honda. These companies have helped Japan become one of the largest economies in the world. Free enterprise has also allowed for the growth of small businesses, which in turn helps to create jobs and stimulate economic growth. In conclusion, free enterprise has been a successful system for many countries, allowing for the development of large companies as well as small businesses.To learn more about free enterprise system refer to:
https://brainly.com/question/20782413
#SPJ4
A registered representative is arrested for a felony. This arrest A) requires the firm to terminate the representative's registration. B) must be dismissed before the representative may continue to act in a registered capacity. C) must be reported on an amended Form U4. D) has no impact on the representative's employment.
For a felony, a registered representative is detained. On a revised Form U4 for this arrest, it must be reported.
The ideal answer is C.
How does FINRA impose a ban?Acquiring or disposing of a securities while in possession of important, secret information about an issuer. utilising manipulative, false, or other unethical means to carry out a transaction in, or to entice the acquisition or sale of, a security.
What criteria does FINRA use?Salespeople, branch managers, department supervisors, partners, officers, and directors who work in the securities division of their company must all be registered with FINRA. You must successfully complete qualifying exams to prove your proficiency in your specific securities operations.
To know more about FINRA impose visit:-
https://brainly.com/question/28115578
#SPJ4
How many years must a farm be run organically before its produce can be labeled as organic?
Access the full arrangement of assets that make up the USDA natural guidelines. The natural yield creation guidelines require that: Land probably had no precluded substances applied to it for no less than 3 years before the reap of a natural harvest.
In the event of a multi-fixing item where at least 95% of fixings are of the affirmed beginning, can be named as 'Ensured Natural'. Under the PGS-India framework: if there should be an occurrence of a single fixing item where all necessities have been met, might be named 'PGS-Natural'.
Complete an endorsed instructional class. ranch and deal with the land remembered for the application. register with, and be supported as, a natural administrator by a confidential examination body. have a base ranch area of 3 hectares.
Learn more about organic:
https://brainly.com/question/12825206
#SPJ4
True or false: Data that simply collects the characteristics of different transactions has great value to an organization.
True. Data that simply collects the characteristics of different transactions, also known as transactional data, has great value to an organization.
This type of data can provide insights into customer behavior, sales trends, and operational efficiency, which can inform decision-making, strategy development, and performance management.
Additionally, this data can be used to identify patterns, detect anomalies, and make predictions which can be useful for fraud detection, inventory management, and customer segmentation.
Transactional data can also be used to track the performance of different products, services, or business units, and can help managers to identify areas of the business that may need improvement. By analyzing transactional data over time, organizations can also identify seasonal trends and make adjustments to their operations accordingly.
Additionally, transactional data can be integrated with other types of data, such as demographic data or social media data, to gain a more complete understanding of customer behavior and preferences. Overall, transactional data plays an important role in helping organizations to make data-driven decisions and to improve their overall performance.
To learn more about Data at
https://brainly.com/question/25372024?referrer=searchResults
#SPJ4
What is one way that technology can improve the production of goods websites can allow consumers to purchase goods online?
Customers can buy products online using websites. Multiple items can be transported simultaneously using container ships. Automation makes it easier and more affordable to produce items.
A client is someone who makes a purchase from a seller, vendor, or supplier of goods, services, products, or ideas in exchange for cash or another beneficial consideration. Sales, business, and economics are all covered by this term. Regular, sustained commerce is made possible by customers who frequently transact with a seller. This allows the seller to develop statistical models to improve supply chains and production procedures. The Latin word "clientus," which meaning "to incline" or "to bend," is where the term "client" originates. It has something to do with the sentimental idea of closure. It is widely believed that regular changes are only made by people when they are motivated by fear or greed. Since gaining a client is such a rare occurrence, experts who can deal with particular difficulties are in high demand.
Learn more about Customers from
brainly.com/question/380037
#SPJ4
Technology can improve the production of goods in many ways, but one of the most common is through websites. Websites allow consumers to easily search for products, compare prices and features, and purchase goods online. They also enable companies to automate their order processing, keep track of inventory, and provide customer service. Additionally, websites can be used to advertise products, build brand awareness, and engage customers in marketing campaigns.
Hope This Helps You!
Printer a prints 100 pages for $23.99. printer b prints 275 sheets for $63.99. which printer has the better rate of cost per page? printer a, because the approximate rate of printer a, $0.24 per page, is greater than the approximate rate of printer b, $0.23 per page printer a, because the approximate rate of printer a, $4.16 per page, is less than the approximate rate of printer b, $4.30 per page printer b, because the approximate rate of printer a, $0.24 per page, is greater than the approximate rate of printer b, $0.23 per page printer b, because the approximate rate of printer a, $4.16 per page, is less than the approximate rate of printer b, $4.30 per page
Printer b has the better rate of cost per page because it has a lower cost per page.
What is rate of cost?Rate of cost is the amount of money charged for a particular product or service. It is usually expressed in terms of the cost per unit of output. The rate of cost is determined by a variety of factors, including the cost of production materials, labor costs, overhead costs, and the demand for the product or service. An important factor in the determination of the rate of cost is the availability of substitutes for the product or service in question.
Printer b has an approximate rate of $0.23 per page, while printer a has an approximate rate of $0.24 per page. This means that printer b is cheaper per page than printer a. Additionally, printer b has an approximate rate of $4.30 per page, while printer a has an approximate rate of $4.16 per page. This means that printer b is more cost effective overall than printer a.
To learn more about rate of cost
https://brainly.com/question/24261732
#SPJ4
Compare the attestation services provided by independent professionals with other assurance services provided by CPAs. Next, discuss at least two (2) goals of each service and how the service contributes to decreasing the risk of reporting errors or misstatements in financial statements. Provide the underlying principles supporting your response.
Independent professionals such as Certified Public Accountants or CPAs provide attestation services known as assurance services.
These services include audits, reviews along with e agreed-upon procedures engagements. Audits are known to be the most understanding type of attestation service, which provides an independent analysis of a company's financial statements and are carried out in accordance with Generally Accepted Auditing Standards(GAAS). The aim of an audit is to lay an opinion on the justification of the financial statements which leads to lowering the risk of reporting mistakes by guaranteeing a huge level of trust in financial statements.
Reviews are known to be less in-depth than audits and provide finite resources on financial statements.
To know more about CPAs:
https://brainly.com/question/19066091
#SPJ4