Basically, an auditing is done to examine an organization's financial records to determine the accuracy and to check if they are prepared in accordance with applicable accounting rules.
An external audit is the auditing done by an independent accountant to examine the financial records of the firm,Since the audit senior (external audit) discovered that the firm instructed their employees to breach statutory health and safety regulations to save cost, then, it is apparent that a rule have been violated.In conclusion, in this case, the audit senior is required to report the discovery to necessary department for proper sanction and the audit firm is at responsinility to prove it does not default to safety regulation.
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Razimah has been investing in a Unit Trust for the past 10 years. She is very happy with the performance of the fund manager that enables her to get at least 15 % return annually. Razimah has estimated that she will receive a return of RM8000 next year, RM9000 in next 2 years, and RM10, 000 in the next 3 years. What is the value of these future payments?
Based on the amounts to be received and when they are to be received, the value of the payments is RM 20,336.98
The value of these payments is the sum of their present values.
The value is therefore:
= (8,000 / (1 + 15%)) + ( 9,000 (1 + 15%)²) + (10,000 / ( 1 + 15%)³)
= 6,956.52 + 6,805.29 + 6,575.16
= RM20,336.98
In conclusion, the value of the payments is RM20,336.98
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During 2011, Gum Co. introduced a new product carrying a two- year warranty against defects.
The estimated warranty costs related to dollar sales are 2% within 12 months following the sale and 4% in the second 12 months of the sale.
The sale and actual warranty expenditures for the years ended December 31, 2011, and 2012 are as follows:
Sales Actual warranty expenditures
2011 150,000 2,250
2012 250,000 7,500
Total 400,000 9,750
What amount should Gum report as warranty expense on its 12/31/2012 Income Statement?
The amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.
First step is to calculate the estimated cost related to dollar sales
Estimated cost related to dollar sales=2%+4%
Estimated cost related to dollar sales= 6%
Second step is to calculate the estimated warranty expense that should be reported
Estimated warranty expense =(400,000×6%)-Total of actual warranty expenditures of $9,750
Estimated warranty expense=$24,000-$9,750
Estimated warranty expense=$14,250
Inconclusion the amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.
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please help!!
Bobby is an electrician who specializes in installing electronic locks. What kind of company might be interested in hiring Bobby?
A.
a national hotel chain
B.
a meat packing facility
C.
a local parks department
D.
a printing company
Answer:
a . national hotel chain
Explanation:
because electrician who install lock are supposed to work at a hotel for the safety of the people
Answer:
I think it's A ? I'm not 100% sure, but hotels often have electronic locks that you need a key card to open
what is enterprenuaship
Answer:
A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.
Explanation:
Suppose that on any given day the prevailing equilibrium federal funds rate is below the Federal Reserve's federal funds target rate. If the Federal Reserves wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, everything else held constant. True False
The statement which states that If the Federal Reserve's wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, is TRUE.
Based on the given question, we can see that an open market operation refers to the way the federal government makes the federal funds rate to change buy making the loans more easily obtainable.
With this in mind, if they wish for the federal funds rate to be permanently at the target level, then they would have to take a defensive position by increasing the reserves through buying of securities so that economic activity would be stabilised.
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Help help buddies pelsss I’ll give points I need straightforward answer ASAP
Answer:
1
Explanation:
1 divided by 1 is 1
100% in number form is 1
The answer is::::
C. 1
If only one airline serves a town, does a monopoly exist? What about competition from other services?
If only one airline serves a town, the question of whether a monopoly exists is:
Yes, a monopoly existsBased on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly
It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a lack of competition for competitive prices.
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StylesQuestion 12 (Essay Worth 4 points)
(02.04 MC)
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? Consider the kind of investment,
of return, level of risk, and other factors
Answer:
forex
Explanation:
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of either $100 million, $150 million, or $191 million, with each outcome being equally likely. The cash flows are unrelated to the state of the economy (i.e. risk from the project is diversifiable) so that the project has a beta of 0 and a cost of capital equal to the risk-free rate, which is currently 5%. Assume that the capital markets are perfect. Assume that in the event of default, 20% of the value of MI's assets will be lost in bankruptcy costs and suppose that MI has zero-coupon debt with a $125 million face value due next year. The initial value of MI's debt is closest to:
The Initial value of debt is $111.11 million.
Value of unlevered equity = ($100 million+ $150 million + $191 million)/3 / 1.05
Value of unlevered equity = $147 miliion / 1.05
Value of unlevered equity = $140 million.
Since the corporation have has zero-coupon debt with a $125 million face value, this means If the firm has a value of $100 million, all of it is from the debt value,
Initial value of debt = ($100 million + $125 million + $125 million)/3 / 1.05
Initial value of debt = $111.11 million.
The Initial value of equity = Value of unlevered equity - Initial value of debt
The Initial value of equity = $140 million - $111.11 million
The Initial value of equity = $29 million
Hence, the Initial value of debt is $111.11 million.
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dont KNOW FIND IT YOURSEF
Answer: What is your business question?
During the current year, merchandise is sold for $21,100 cash and $341,700 on account. The cost of the merchandise sold is $217,200. What is the amount of the gross profit
Answer:
$235,900
Explanation:
i hope she is your answer
The gross profit is $145,600. A company's gross profit is equal to its total sales less its total cost of products sold. Total sales include all goods sold by the company.
What are COGS?The total amount your company paid as a cost directly tied to the selling of products is known as the cost of goods sold. Depending on your industry, this could include resale products, raw materials, packaging, and direct labor associated with making or selling the product.
Given
Cash Sale = $21,100
Credit Sale = $341,700
COGS = $217,200
Required to Calculate the amount of the Gross Profit =?
Gross Profit = Sales - COGS
Gross Profit = 341,700 + 21,100 - 217,200 = $145,600.
Thus, the gross profit is $145,600. On the surface, a gross profit margin ratio of 50 to 70% appears to be healthy, and it is for many types of businesses, including retailers, restaurants, manufacturers, and other goods makers.
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#SPJ2
The Jehan Division of a company manufactures and sells Product A. The current selling price
is $73 per unit. Per-unit costs are as follows:
Direct materials $ 5.00
Direct labor 6.00
Manufacturing overhead:
Variable 7.00
Fixed 8.00
Selling costs:
Commissions 1.00
Shipping 1.50
Fixed 1.00
$ 29.50
The contribution margin per unit is: $____________
CONSIDER THE FOLLOWING QUESTIONS
1. A special one-time order to purchase 20,000 units was recently received at a price of $60 per unit. There is enough capacity to fill the order and filling this order will NOT disrupt current operations. If BLUE accepts this order, variable manufacturing costs will be reduced by $5 per unit and variable selling costs (both commission and shipping) will go down by 80%.
Is there an opportunity cost to BLUE, yes or no, and WHY?
________ (yes or no)
Answer: yes
Explanation: i dont understand what you said below but its yes
Answer:
$20.50 per unit
Explanation:
The minimum acceptable selling price is equal to the variable cost per unit
Variable Cost per unit =$5.00+6.00+7.00+1.00+1.50 =$20.50
So the Minimum Selling Price shall be $20.50 per unit
1) consider any leader you are aware of from study or the media. Do they confirm to the myths set out in the text or do they transcend that? 2) What is your personal leadership style? What benefits and problems does it generate for you and orgamization? 3) How important is integrity to a leader in your opinion? Give examples to support your views?
Based on the information given, a leader that I'm aware of is Mahatma Gandhi. He was an ambassador of non-violence.
A leadership style simply means providing direction, implementing plans and also motivating people. My personal leadership style is pacesetting and motivating others.
Integrity makes one secure and confident. Someone who has integrity is honest about his or her morals and values. Therefore, such a person can be trusted.
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Ambinu Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van has a value of $133,750 with a six-year life. The expected additional cash inflows are $52,500 per year. What is the payback period for this investment
The payback period for this investment is 2.55 years.
The payback period is a capital budgeting method. It is used to determine how long it would take to recover the amount of money invested in an project from the cumulative cash flows.
An advantage of the payback period method is that it is easy to calculate. A drawback is that it ignores the time value of money.
Payback period = amount invested in the van / cash flows
$133,750 / $52,500 = 2.55 years
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You are the head of the central bank and you want to maintain a 2 percent long-run inflation rate. Suppose that velocity is constant and real GDP growth is 3 percent per year. Moreover, you know that the current money supply is $120 billion. Your money supply target for one year from today is $______ billion.
The answer I think is 12 billion
regional economic intergration in india
Answer:
the india is regional economic in EST asia
What are the issues of integrity, ethics and law posed in the case study? What options does the woman have, and what should she do and why?
The integrity, ethics, and law issues raised in the case study are illegal and unethical conduct.
The woman must reject the economic proposal made by the company and maintain her complaint so that the executive is judged for what she did because she would avoid future harm to other employees.
What is ethics?
Ethics is a term that refers to moral philosophy. This focuses on the study of human behavior based on right and wrong according to duty. Contemporary ethics is usually divided into three branches which are:
Metaethics studies the origin, nature, and meaning of ethical concepts. Normative ethics seeks norms or standards to regulate human conduct. Applied ethics examines specific ethical controversies.According to the above, it can be inferred that the situation presented is an example of an unethical and illegal act because the company and the executive want to bribe the employee to prevent the executive from being removed from his position and the company from being judged for endorsing that conduct of the executive.
Note: The question is incomplete because the information is missing. Here is the complete information:
Case study 4
A woman is sexually harassed by a top-level senior executive in a large company. She sues the company, and during settlement discussions she is offered an extremely large monetary settlement. In the agreement, the woman is required to confirm that the executive did nothing wrong, and after the agreement is signed the woman is prohibited from discussing anything about the incident publicly. Before the date scheduled to sign the settlement agreement, the woman's lawyer mentions that she has heard the executive has done this before, and the settlement amount is very large because the company probably had a legal obligation to dismiss the executive previously. The company however wants to keep the executive because he is a big money maker for the company.
What are the issues of integrity, ethics and law posed in the case study? What options does the woman have, and what should she do and why?
Lecturer Guidelines
Some of the issues raised by this case study include initial issues of unethical and unlawful conduct, by the executive and the company; whether the company should allow the executive to continue working because of the revenue he generates, in view of his propensity to harm co-workers, and whether this action is ethical or reflects integrity; whether the company should require the woman to state that the executive did nothing wrong as part of the settlement agreement; whether the woman should agree to this settlement in view of the harm future employees are being exposed to; and whether the woman is prioritising justice for herself over harm to future employees in an acceptable way.
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Help help help help help help
what's the net price equivalent rate of 9/15/18
Phil's qualified education expenses for the year are $34,000. He claims a $2,500 American Opportunity Credit (based on $4,000 of his expenses). If Phil receives a $40,000 ESA distribution that includes $4,000 in earnings, how much of the entire ESA distribution will he receive tax-free
Based on the information given, the amount that will be tax-free from the ESA distribution will be $39000.
From the information given, the eligible education expenses will be:
= $34000 - $4000
= $30000
The tax free portion will be:
= (4000 × 30000) / 40000
= $3000
The total tax-free distribution will be:
= Contributions + Earnings
= $36000 + $3000
= $39000
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The process of packing 316 ounce bottles of Hershey chocolate syrup in super size packages like those sold at Sam’s and Costco is an example of what type of packaging… Is it adaptive packaging allocating sorting out accumulating or accruing
The chocolate syrup in super size packages is an example of accumulating type of packaging
Basically, packaging refers to the process of boxing or wrapping a product is offered for sale.
Accumulating packaging is the type of packaging described in the question.
Majority of accumulating package in factory are done by automated machines.
In conclusion, the chocolate syrup in super size packages is an example of accumulating type of packaging
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For this firm, the average revenue when 14 units are produced and sold is a. $15. b. $13. c. $9. d. $11.
With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emphasized principles of all of these EXCEPT:________.
a. emotional intelligence.
b. regular reflection on how to work more effectively.
c. self-direction.
d. self-organization.
e. collaboration.
Considering the Agile Manifesto analysis and available options, the correct answer is emotional intelligence.
What is the Agile Manifesto?Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.
Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.
Four Agile Manifesto PrinciplesRegular reflection Self-directionSelf-organizationCollaborationHence, in this case, it is concluded that the correct answer is option A. "emotional intelligence."
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Mean for in grouped data
Answer:
To calculate the mean of grouped data, the first step is to determine the midpoint of each interval or class. These midpoints must then be multiplied by the frequencies of the corresponding classes. The sum of the products divided by the total number of values will be the value of the mean.
A firm is considering purchasing two assets. Asset A will have a useful life of 15 years and cost $3 million; it will have installation costs of $400,000 but no salvage or residual value. Asset B will have a useful life of 6 years and cost $1.3 million; it will have installation costs of $180,000 and a salvage or residual value of $300,000. Which asset will have a greater annual straight-line depreciation?
A) Asset B has $40,000 more in depreciation per year.
B) Asset B has $30,000 more in depreciation per year.
C) Asset A has $30,000 more in depreciation per year.
D) Asset A has $40,000 more in depreciation per year.
Help help please I need straightforward answer please
Answer:
I think its B i could be wrong but that's what makes sence to me
Draft an inquiry letter for purchase of 10 units of IBM P4 computers and 2 units of Lx 300 Epson printers to Kathmandu Computers and Engineering Kathmandu.
Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.
Structures of Letter of Inquiry.The sender's address should be written at the beginning of the letter, followed by the receiver's address.The letter must contain all the elements of the enquiring item, including their quantities.There must be the date and address of the receiver included.The letter's subject must be written clearly before the letter's content.Ensure you provide the expected salutation at the beginning of the letter.Write clearly and straightforward.Provide reasons and inquiry descriptions.Add your signature, name, and designation at the end of the letter.Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.
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On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090
Based on the balance on the account and the amount purchased, the balance on the Equipment office account was A. Debit $5,090.
The opening balance for the Equipment office account was $4,400 on May 1.
The store then purchased a calculator for the office on May 1 for $690. This will increase the Equipment office account by the same amount.
The balance would therefore be:
= 4,400 + 690
= $5,090
This balance would be a debit as this is an asset.
In conclusion, option A is correct.
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Help help help help help help please please
Answer:
C. it allows them to collect income tães from employees
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $128.297 million Total Common Stock of $6.350 million Cash of $10.050 million Retained Earnings of $45.255 million. What were the Digby Corporation's total assets
Based on the information given Digby Corporation's total assets is:$179.902 million .
Using this formula
Total assets = Total liabilities + Shareholders’ equity
Total assets= Total liabilities + ( Total common stock + Retained earnings)
Where:
Total liabilities= $128.297 million
Total common stock= $6.350 million
Retained earnings= $45.255 million
Let plug in the formula
Total assets= $128.297 million + ( $6.350 million + $45.255 million)
Total assets= $128.297 million +$51.605 million
Total assets= $179.902 million
Inconclusion Digby Corporation's total assets is:$179.902 million .
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