When initiating communications with predecessor auditors, prospective auditors should expect the following:
-For taking responsibility for obtaining the client's consent for the predecessor to give information about prior audits.
-For conducting interviews with the partner and manager in charge of the predecessor in the public accounting firm's engagement.
-For obtaining copies of some or all of the audit documentation of predecessor auditors'
An auditor is a person who is authorized to review and verify the accuracy of financial records.
An auditor ensures that companies comply with tax laws. They protect businesses from fraud and point out discrepancies in accounting methods.
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Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______. Multiple choice question. $71.60 $20.00 $57.00 $34.60
If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is (D) $34.60.
What is weighted-average costing?To apply the weighted average methodology, divide the cost of the commodities on the market by the number of units still on the shelf. This calculation results in the weighted average cost per unit, which can subsequently be used to allocate a cost to both ending inventory and the cost of goods sold.When you wish to give some numbers in a dataset more weight than others, you should use a weighted average. This is beneficial in situations where a single event might have several positive or bad outcomes, but the scale of the positive or negative outcomes varies.Weighted average cost per unit formula = divide the total purchase price by the number of units available for sale
∴ $3,650 + $5,000 / 250 = $34.60
Therefore, if there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is (D) $34.60.
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Complete question:
Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______. Multiple choice question.
(A) $71.60
(B) $20.00
(C) $57.00
(D) $34.60
Spending plans are divided into three categories with roughly ______% of the after tax budget going to the category of needs and _____________ % of the after tax budget going to wants, with the rest going to esi.
Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
What is spending plans?Spending plans can be defined as the ability to plan how to spend your money by dividing your finance based on want your need and what you want which will inturn can help you to effectively manage your money or finances as well as the way you spend.
Therefore, Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
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What food purchasing behaviors are associated with higher and lower incomes in national food consumption surveys
Low-income households will buy basic goods like white bread, bacon, luncheon meats, and eggs with their money.
Families with middle-class incomes will splurge on more expensive seafood, dairy products, and more snacks.
Americans with higher incomes will either buy ingredients for cooking or eat out.
What is national food consumption surveys?A food consumption survey is a survey used to gather information about the types and amounts of food consumed by the population.
The purpose of national food consumption is-
It has been made clear that the goal of anthropometric and food consumption surveys is to assist and prescribe short- and long-term actions aimed at preventing and controlling nutrition-related diseases.Supply information, such as food balance sheets, can be used to describe food availability on a nationwide scale. These findings, which reflect food availability rather than national food intake, are not further examined here. The third type of food consumption study evaluates individual intake of foods and beverages, while the second type analyses food use within a household. These last two survey types gather data on the types, quantities, and frequency of food consumption as well as, on occasion, the cost of food purchases. These surveys also provide data on socioeconomic characteristics, opinions about food, and other variables that may influence eating habits.To know more about the National Health and Nutrition Examination Surveys, here
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6. Franchise statistics, national and local business growth rates, and other industry information specific to your field is easily obtainable through a.
A Marketing Agency
A marketing professional or agency may readily provide you with franchise statistics, national and local business growth rates, and other industry data related to your field.
Franchise marketing- In order to raise brand awareness and boost revenue for their franchise business, franchisors and franchisees utilize a variety of marketing strategies and techniques. Franchise marketing has developed to be virtually entirely digital.
Franchising is a particular business approach used to gain market share, acquire clients, and keep those clients happy. With this kind of approach, the business gains awareness from both present and potential clients. Advertising, sales, promotions, public relations, and web marketing are some of the major subcategories of franchise marketing.
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When new small business owners define their competitors, the first step is to define a _________ that reveals the potential new customers.
When new small business owners define their competitors, the first step is to define a Radius that reveals the potential new customers.
What is a competitive analysis?The process of locating competitors in your business and investigating their various marketing methods is known as a competitor analysis, often referred to as a competitive analysis. By comparing this data to those of your competitors, you can determine the advantages and disadvantages of your business.
We can do a high-level competitor analysis or delve deeply into a single element of your rivals' operations. Although the focus of this article is on how to perform a generic competitive analysis, you should customize this procedure to meet the demands and objectives of your company.
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A manufacturing firm employs workers to monitor and maintain specialized machines making small metal parts. Which economic questions does this statement answer?
A.) How much to produce? How much to charge?
B.) How to produce? How much to produce?
C.) What to produce? For whom to produce?
D.) What to produce? How to produce?
The manufacturing firm will ask the economics question as D.) What to produce,How to produce.
Manufacturing company approach a firm concerned with extracting, smelting, recuperating, growing, getting ready, compounding, changing, assembling or generating in any way, minerals, uncooked materials, merchandise or materials of any type or nature, and shall encompass centers associated thereto for storage, warehousing.
The 3 types of manufacturing we're in the end regarding, make to stock manufacturing, make to reserve production, and make to bring together manufacturing.Those 3 styles of manufacturing are as a substitute not unusual among manufacturers.
The term manufacturing refers to the processing of uncooked materials or parts into finished items via using gear, human labor, equipment, and chemical processing. manufacturing lets in companies to sell completed merchandise at a better fee than the fee of the raw substances used.
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Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $184,000 a year. It is estimated that these employees move 640,000 pounds of material per year. If 64,000 pounds are moved in March, how much of the material handling cost should be assigned to products made in March
material handling cost should be assigned to products made in March $36,000.
Given data,
labor cost = $360,000
move material per year = 600,000 pounds
To find out material handling cost.
we find here first Labor Cost per pound of material that is express as
Labor Cost per pound of material = Labor Cost ÷ Number of Pounds of material .......................1
Labor Cost per pound of material ==360000/600000= $0.6 per pound of material
Labor Cost per pound of material = $ .6 per pound of material
so, we can say that 60000 pounds are moved in March so cost will be
60000 pounds are move cost = 60000 × $0.6
60000 pounds are move cost = $36000
material handling cost is: $36,000
What is material handling cost?The freight for the items (equipment and material), insurance, and customs clearance fees, among other expenses, make up material handling costs (or MRC). Posted in Procurement and tagged cost, procurement, logistics.
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2023 murano’s available intelligent awd adjusts the ________ to help maintain cornering control.
2023 Murano's available intelligent and adjusts the Torque delivered to the wheels to help maintain cornering control. This is further explained below.
What is Torque?Generally, The amount of force that may cause an item to spin around an axis is referred to as the torque of the object. Torque is what causes an object to acquire rotational acceleration; just as force is what causes an item to accelerate in linear kinematics, torque is what causes an object to accelerate in circular kinematics. Torque is a vector quantity.
In conclusion, The optional intelligent system in the 2023 Murano may change the torque that is given to the wheels, which assists in maintaining cornering control.
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abigail bought 28 shares of stock at $30.00 per share. she received dividend of $49.50 during the year. at the end of the year, her stock was valued at $43.50 per share. what was her ROI?
If her stock was valued at $43.50 per share. Her ROI is:50.89%
Return on investmentFirst step
Purchase price=(28×$30)-(28×$43.50)
Purchase price= $840-$1218
Purchase price=$378
Gain in value=$378+ $49.50
Gain in value=$427.5
Second step
ROI=$427.5/$840×100
ROI=50.89%
Therefore the ROI is $15.89%.
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The total dollar value of all assets owned by consumers in the economy less the dollar value of their liabilities is called consumer
The total dollar value of all assets owned by consumers in the economy less than the dollar value of their liabilities is called consumer wealth.
The effect on the spending of modifications within the real price of money balances. All through inflation, as charges rise, the actual shopping strength of the money people already maintain is going down. this is anticipated to make humans more likely to keep and less probably to spend their earnings.
An agenda or curve displaying the total amount of goods and offerings furnished (produced) at different fee tiers. The mixture delivers curve is related to a time period in which output fees (specifically nominal wages) are absolutely responsive to modifications within the fee stage.
A decline in wealth prompts purchasers to shop more and spend much less which shifts the combination demand curve to the left.
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When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on _____.
When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on Intuition.
A judgment rendered towards a character (or company) for the fee of cash damages. synonyms: judgment in personam, judgment in personam, personal judgment.
Two phrases regularly used to describe personal judgments are responsibility and responsibility. folks that display an exquisite deal of private judgment have a foundation of ethical character and personal judgment is a basis for powerful hassle solving.
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Shareholders exercise ownership control through the power of their votes. Group of answer choices False True
True, Shareholders exercise ownership control through the power of their votes.
What is Shareholder Ownership ?Common shareholders are part of the owners of a corporation, they have bought some shares or stocks of the corporation either through public offerings or the the Stock markets.
As part of the owners of a corporation, common stock holders have certain rights except otherwise stated in the agreement.
The right to vote during the general meeting to decide how the leadership of the corporation will be. The right to share in the profits of the corporation. Common shareholders are notified before issuance of new stock.They have some degree of control over the management selection process etc.A corporation is owned by it's shareholders as a group. Each shareholder holds a proportion of the share capital of a corporate and has voting rights in proportion of his shareholdings.
Therefore , we can conclude that the statement is TRUE.
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________ is anything that happens during the course of a business process. Multiple Choice BPMN activity BPMN flow BPMN gateway BPMN event
Answer: BPMN event
Explanation:
The integration of suppliers, manufacturers, warehouses, stores, and transportation intermediaries is called blank______ management.
The integration of suppliers, manufacturers, warehouses, stores, and transportation intermediaries is called market channel management.
In sales and marketing terminology, the phrase "channel management" is frequently used.
It is described as a process where the business creates multiple marketing and sales strategies in order to reach the largest audience.
The channels are merely avenues or venues for the marketing and sale of goods.
Any organization's ultimate goal is to improve the relationship between the customer and the product.
The development of a plan for marketing to and providing customer service through a particular channel is assisted by channel management.
The goal is to make customer and company communications more efficient.
Hence, market channel management is the answer.
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He financial failure of a firm is often due to multiple choice tight control of expenses. precise management of cash flows. overcapitalization. undercapitalization.
When a firm fails financially, this is often due to the problem of overcapitalization.
How can overcapitalization lead to business failure?When a company is overcapitalized, it means that they started off with a lot of investment from their owners. Some might think this is a good thing, but it is usually bad.
The reason it is bad for a firm is that it might lead to them setting goals that are too ambitious for a young firm and so they end of going through financial failure for being unable to meet target.
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The amount of mortgage a person is eligible for will be larger when:
The amount of mortgage a person is eligible for will be larger when there is lower interest rate.
What is a mortgage?This refers to an agreement that exist between a lender and a borrower in which a lender can take over the borrower's properties incase of any default in payment.
A mortgage is like a loan, obtained by a borrower with a promise to pay at a future date.
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Money demand is given by md/p = 1000 .2y - 1000i. given that p = 200, y = 2000, and i = .10, real money demand is equal to?
The real money demand is equal to $2,60,000
Money demand/ P = 1000+0.2Y -1000i
Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100
=1300
Money demand /200 = 1300
Money demand = $1300*200
= $2,60,000
Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.
For example, Margie keeps cash in her purse so she can buy groceries, which she does every week. The more cash you always have in your wallet, the less time you spend going to the bank, standing in line, and withdrawing more cash.
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Roberto and Andrew are discussing palatability and acceptability. Roberto says that the term acceptability refers to how well an animal likes its food. Andrew says that if the particle size of a feed is too small, it may reduce its acceptability to ruminants. Which of the following statements is correct
"Roberto and Andrew are discussing palatability and acceptability. Roberto says that the term acceptability refers to how well an animal likes its food..." Andrews's statement is correct. This is further explained below.
What is a statement?Generally, a specific or unequivocal articulation of anything via the medium of either spoken or written language.
In conclusion, According to Andrew, if a feed's particle size is too tiny, ruminants may not take it.
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A person who is power-oriented strives for leadership because of its associated ________. fear achievement authority prestige
A person who is power-oriented strives for leadership because of its associated with fear achievement authority prestige.
What is leadership?Leadership can be regarded as the ability that an individual has or that group of individuals has to influence as well as to guide followers or other members of an organization.
It should be note4d that A person who is power-oriented strives for leadership because of its associated with fear achievement authority prestige.
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Sources of retirement income include Social Security, other public ____ plans, employer pension plans, personal retirement plans, and _____ .
Social Security, other public pension plans, employer pension plans, personal retirement plans, and annuities or savings
What are retirement incomes?This is the term that is used to refer to the income that a person would get after they have left active service.
The reason is so they can have a good life after they are no longer working and they are old.
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Robert owns a large tract of land. After an adequate study of all the relevant facts, he legally divides the land into 30 lots suitable for the construction of residences; adds utilities, curbs, and gutters; and paves the streets. Robert is A) a developer. B) an urban planner. C) a builder. D) a land planner.
Robert is( A) a developer.
What is a Developer of a Building?
Developers develop and builders build. That is, a developer takes raw land, obtains the necessary permits, creates building lots, and puts in the sewers, the water and electric lines, the streets and curbs. Then the builder comes in and erects the house. A builder also can be a developer.
Some developers specialize in converting raw land to finished lots, suitable for builders to buy and begin construction of off-site as well as on-site improvements. Often the land developer will also install the principal off-site improvements and infrastructure (roads and utilities).
Therefore, we can say that the correct option is ( A) a developer.
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During the __________ stage of the product life cycle, sales reach a peak, profits are declining, and the number of competitors starts to decrease.
During the maturity stage of the product life cycle, sales reach a peak, profits are declining, and the number of competitors starts to decrease.
What is the maturity stage?The maturation stage follows the introduction and growth stages. The mature stage is the most time-consuming step of the product life cycle. At this time, sales growth begins to slow; the company has reached the peak of the demand cycle, and advertising methods have little impact on sales growth.Continued rivalry, concern about introducing new products or services, and issues about how to establish a suitable exit strategy for your organization are among the challenges during the maturity phase.Therefore, during the maturity stage of the product life cycle, sales reach a peak, profits are declining, and the number of competitors starts to decrease.
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Answer:
maturity
Explanation:
Under what circumstances can a buyer representation agreement be terminated early in maryland?
If the buyer finds another buyer to replace them, a buyer representation agreement be terminated early. A buyer representation agreement is a legal document that spells out in detail how a real estate company or broker will interact with a house buyer.
A contract for buyer representation specifies the services to which the buyer is entitled and those which representative undertakes to provide. A buyer agency agreement's primary goal is to define or establish connection between buyer and representative by outlining expectations of all parties. A buyer representation agreement also protects against buyer replacing the representative without both parties' consent.
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Which of the following best describes the core competency of the Five Guys Burgers and Fries company
Making high-quality burgers without limiting costs best describes the core competency of the Five Guys Burgers and Fries company.
In winter, when the river froze, villagers who had little fish would fry fried potatoes instead. The dish is said to have been discovered by American soldiers in Belgium during World War I, and since the main language in southern Belgium is French, they called the delicious potatoes 'French fries.
Common processing steps for frozen French fries are washing and peeling, cutting or stripping, blanching, cooling and drying, frying, deoiling, and packaging.
The largest French Fries company is McCainFoodsLimited. Lam Weston (including JVs and subsidiaries) J.R. Simplot. Aviko.
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According to the cdc, the price elasticity of demand for cigarettes is ____, which sugggests that a tax increase will ______ revenue.
According to the CDC, the price elasticity of demand for cigarettes is .3 to .5, which suggests that a tax increase will increase revenue.
The CDC stands for the Centers for Disease Control and Prevention, which is the national public health agency of the United States. According to CDC, the price elasticity of for cigarettes is .3 to .5, which indicates that a tax increase will increase revenue.
As smoking is a habit so hard to kick, demand for cigarettes is highly inelastic, which means that large price changes induce only small changes in the quantity demanded.
Hence, the price elasticity of demand for cigarettes is .3 to .5, which syndicates that a tax increase will increase revenue.
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______ analysis can compare two or more datasets to identify patterns and trends. Multiple choice question. Aggregation Comparative Data Competitive
B) comparative analysis can compare two or more datasets to identify patterns and trends.
Comparative analysis is the manner of evaluating objects to one another and distinguishing their similarities and variations. Whilst an enterprise wants to analyze a concept, hassle, principle, or question, conducting a comparative analysis permits it to higher apprehend the problem and form techniques in response.
It is a method of comparing more items with the concept of uncovering and coming across new thoughts about them. It often compares and contrasts social systems and strategies around the arena to understand widespread styles. The comparative analysis attempts to apprehend the have a look at and provide an explanation for every element of facts that comparing.
As we learned, a comparative analysis is a sort of statistical technique whereby or more datasets are as compared to determine their consistency with each other. It could additionally validate a scientific investigation or speculation that wishes to be examined.
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If the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000. B) $7,500. C) $125,000. D) $12,500.
If the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000.
What is a broker's commission?A broker's commission is the remuneration paid to a broker for her services.
Data and Calculations:Commission rate = 5%
Commission amount = $2,500
Total sales price = $50,000 ($2,500/5%)
Thus, if the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000.
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Describe key services that the financial system provides to savers. Question 17 options: Economies of scale of information Risk sharing Liquidity All of the above
The answer is all of the above.
Risk sharing, liquidity, and knowledge are the three main services that the financial system offers to both savers and borrowers.
First, people seek steady returns on their holdings.
Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).
Risk is a measure of how unpredictable the return on an asset is.
Liquidity is a measure of an asset's ease of movement to be transformed into cash.
In financial markets, the information contains facts about borrowers and expectations of returns on financial assets.
Key Services of the Financial System:
Effective Payment SystemIntermediary to Investors and BorrowersSharing of Economic Financial RiskDiversificationLiquidityFinancial InformationHence, key services that the financial system provides to savers include all of the above.
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The of a note is the amount that the signer of a note agrees to pay back when it matures, not including interest.
The principle of a note is the amount that the signer of a note agrees to pay back when it matures, not including interest.
A note's principle is defined as the sum, excluding interest, that the note's signer promises to repay when it matures. The payment made in repayment of a note often consists of both the principal amount and interest. A repayment of the initial sum would be the principle part. When using the money's purchasing power, the interest is similar to interest.
There is no legal requirement for the backing of paper money under banking note-issuing principles. The bank and trade should only issue notes when necessary and at their own discretion. To honour the notes in their own best interests, banks will maintain adequate reserves.
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Prepare journal entries to record the following production activities. Incurred $42,000 of direct labor in the Roasting department and $33,000 of direct labor in the Blending department. Credit Factory Wages Payable. Incurred $20,000 of indirect labor in production. Credit Factory Wages Payable.
Credit Factory Wages Payable is $95000.
What are Wages Payable?Wages payable refers to an organization's liability for wages earned but not yet paid to employees. When wages are paid to employees, the amount in this account is normally wiped early in the following reporting month. Wages payable is a current liability account, whereas wages expense is an expense account. A current liability is one that must be paid within one year. Wage Payment Example
Jane received $160 for the last three days of the year (December 29-31). This sum (together with whatever salary she receives from January 1-4) will be included in her paycheck on January 9. Based on this information, the corporation has $560 in wages payable as of December 31 ($400 + $160).
(journal entries are in the attached image)
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