$3,800 was debited from interest expense and $3,800 was credited to interest payable.
How are expenses and interest payments recorded?First of all, interest expense is a liability account and is represented as such on the balance sheet, whereas interest payable is an expense account and is represented as such on the income statement. Second, interest expense is recorded as a negative in the accounting records while interest payable is recorded as a credit.
Altering Entries: What are they?Adjusting entries are done at the end of the fiscal year to ensure that revenue and expenditures are recorded during the proper accounting period. Following the creation of the unadjusted trial balance and the uploading of all other journals to the general ledger, they are normally processed.
The business must make an adjustment for the interest costs accrued during the previous two months (November and December 2016).
The amount = $190,000 x 0.12 = $22,800 x 2/12 = $3,800
Dec 31, 2016. Interest Expense- (Dr.) $4,000
Interest Payable- (Cr.) $4,000
to track the interest owed on the payable note
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what is the name given to the highest-valued alternative that must be given up to engage in any activity?
Potential loss the most valuable alternative that is forfeited in order to engage in an activity
The expense of the alternative that we forego when we make a certain choice, along with the advantages that we might have reaped if we had opted for the alternative, is known as the opportunity cost. It is known as "the value of the best alternative not chosen." Because of their relevance and implied future decision-making, they are not documented in the accounting.
A consumer's increased enjoyment from owning one extra unit of a good or service is known as marginal utility. Economists utilise the idea of marginal utility to estimate how much of a given good buyers are willing to buy.
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FILL IN THE BLANK.buying and selling of long-term assets such as land and equipment would be included in the ____ (operating/investing/financing) activities section of the statement of cash flows.
Purchases and sales of long-term assets such as land and equipment are included in the investing activity section of the statement of cash flows Investing activity in accounting refers to the purchase and sale of non-current assets and other business investments within a specified reporting period.
A company's reported investment activity reflects the total investment gains and losses incurred over a period of time .Investing cash flow is the section of the cash flow statement that shows cash generated or spent in connection with investing activities. Investing activities include purchasing real estate, investing in securities, or selling securities or assets. Negative cash flow from investing activities may not be a bad sign if management is investing in the long-term health of the company.
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which of the following best describes the goal of the firm? group of answer choices maximizing the value of the firm's equity. maximizing the current dividend paid to shareholders. maximizing the firm's profits. minimizing the firm's risk. maximizing the value of the firm's debt.
Maximizing value of the firm's equity best describes goal of the firm.
What is equity?Equity, also referred to as shareholders' equity, is the amount of money that, in the event of a company's liquidation, its shareholders would receive following the sale of all of the company's assets and the payment of all of its debts. It is the value of sales in an acquisition less any liabilities that were not transferred with the company when it was sold. Shareholder equity can also serve as a proxy for a corporation's book value. Occasionally, equity may be given as payment-in-kind. It also reveals the number of shares in a corporation that each individual owns. Equity, which may be seen on a corporation's balance sheet, is one of the most often used pieces of data by analysts to assess a firm's financial health.
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egally mandated arbitration is nonbinding arbitration. group startstrue or falsetrue, unselectedfalse, unselected
The statement "Legally mandated arbitration is nonbinding arbitration" is False.
Arbitration is an alternative dispute resolution method involving a neutral third party, an arbitrator, making a decision in a dispute. Binding arbitration means that the decision made by the arbitrator is final and binding on the parties, and they are required to comply with the award. On the other hand, non-binding arbitration means that the arbitrator's decision is not final, and either party can reject it.
Legally mandated arbitration is typically binding arbitration, meaning that the parties must comply with the arbitrator's decision. The purpose of legally mandated arbitration is to provide quick and efficient resolutions to disputes without requiring formal court proceedings.
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you take out a 9 month, $1,000 loan at 8% annual simple interest. how much would you owe at the end of the 9 months (in dollars)? (round your answer to the nearest cent.)
You have a $1,000 loan at 8% annual simple interest with 9 months period. At the end of 9 months you have to pay $1,060.
Simple interest is the cost of a loan without taking compounding into account. Simply put, simple interest only relates to the principal amount.
Using the simple interest, the amount of interest is given by:
I = PRT
Where:
P = principal amount
R = interest
T = time period
Information available in the problem:
P = $1,000
R = 8% = 0.08
T = 9 months = 9/12 = 0.75 years
Plug these parameters into the formula:
I = 1,000 x 0.08 x 0.75 = 60
The amount you owe is the sum of the principal and the interest. Hence, the amount you have to pay is:
1000 + 60 = $1,060
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what zappos core competencies
Zappos' core competencies are strong customer service, extensive product selection and innovative corporate culture.
Each of its competencies is explained as follows-
1. Exceptional customer service: Zappos is known for providing a high level of customer support, with a focus on building long-term relationships with customers.
2. Wide product selection: Zappos offers a large selection of shoes, clothing and accessories, making it a one-stop shop for customers.
3. Innovative corporate culture: Zappos has a unique company culture that emphasizes creativity, transparency, and employee empowerment.
4. Strong brand reputation: Zappos has a strong brand reputation built on its commitment to customers and its unique company culture.
5. Technology and e-commerce expertise: Zappos leverages technology and e-commerce to offer customers a seamless shopping experience.
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to an early withdrawal from an IRA. According to HIPAA, this tax will not be applied if the withdrawal is used for medical expenses that exceed ____ of the individual's adjusted gross income.
a) 5%
b) 6.5%
c) 7.5%
d) 8%
According to HIPAA, if a withdrawal is utilized to pay medical expenses that total more than 7.5% of the person's adjusted gross income, the 10% excise tax for early withdrawal from IRAs will not be applied.
Normally, an early IRA withdrawal is subject to a 10% excise tax. Your primary care doctor (PCP) is the gatekeeper for those with conventional HMOs. Your entire medical care is supervised and managed by this doctor. The gatekeeper is responsible for approving all medical examinations and procedures, as well as directing you to specialists for extra medical care. Mortality and interest are the two underlying ideas that determine the premium rate for a life insurance policy. A third factor is the expense factor, which is the sum the business adds to the price of the policy.
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in good economic times, the party holding the white house generally does well. group of answer choices true false
It is accurate to say that the party in power typically performs well when the economy is strong.
What is an excellent example of an economics?Food, clothing, vehicles, electronics, and furniture are a few examples of commodities that are frequently used. Services make up the other major economic value group.
What do you call a healthy economy?"When the size of the economy is expanding, the economy is in a phase of expansion, according to Peter (GDP is increasing). It is typically referred to as a boom if the amount or rate of this expansion or growth is extremely high and lasts for a very long time (also called an economic boom). The opposite of a recession would be a boom.
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the following information is given for an economy: labor force of an economy number of people (millions) total population30.3 children under the age of 166.1 retirees5.7 employed15.8 unemployed1.6 not actively seeking employment0.6 homemakers0.5 instructions: round your answers to one decimal place. a. how much of the population is older than 16? 24.2 million b. what is the size of the labor force? 17.4 million c. what is the labor force participation rate?
A) The population is older than 16 is 24.2 million
B) The size of the labor force is 17.4 million
C) The labor force participation rate is 71.9%
Total population = 30.3 million
Children under the age of 16 = 6.1 million
Retired = 5.7 million
Employed = 15.8 million
Unemployed =1.6
Not actively seeking employment = 0.6 million
Homemaker = 0.5
A. The population that is older than 16 = total population - children under the age of 16
= 30.3 - 6.1
= 24.2 million
B. size of the labor force = employed + unemployed
= 15.8+1.6 million
= 17.4 million
C. labor force participation rate =( labour force/ working age population) * 100
= (17.4/24.2) * 100
= 71.9%
The percentage of people 16 years of age and older who are employed or actively seeking employment is known as the labour force participation rate.
Because it illustrates the proportion of human resources that are readily accessible for the creation of products and services, it is a crucial indicator of the labour market.
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In the short run, a decrease in production costs of a product will shift
a) both the demand curve and the supply curve to the right
b) the demand curve to the left and the supply curve to the right
c) only the supply curve to the right
d) only the supply curve to the left
e) only the demand curve to the left
Correct option is A.
In the quick run, a limit in production costs of a product will shift each the demand curve and the grant curve to the right.
What reasons a shift in the short-run provide curve?Causes of Shift in Short-Run Aggregate Supply
Some of the elements that would shift the SRAS curve consist of adjustments in commodity prices, nominal wages, productivity, and future expectations about inflation. In general, a shift to the right of the SRAS curve lowers the typical costs and raises the output produced.
When each the demand and supply curves shift the curve that shifts?When both the demand curve and the provide curve shift rightward, the equilibrium quantity increases, but the equilibrium fee can also increase, reduce or remain unchanged, depending on the magnitude of shifts in the the two curves.
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https://brainly.com/question/30393756#SPJ4FILL IN THE BLANK____________ activities involve purchasing goods from suppliers, designing and manufacturing products, and selling products to customers?
Operating activities involve purchasing goods from suppliers, designing and manufacturing products, and selling products to customers.
One who purchases goods or services from another company is referred to as a customer. Because they bring in money, customers are important. Organizations would cease to exist without them. One who purchases goods or services from another company is referred to as a customer. Customers are critical to a company's success because they provide income; without them, the company would have to close its doors. Client, consumer, buyer, and patron are a few synonyms for "customer." These terms each have a unique method of describing clients. A professional, such as an accountant or lawyer, may be hired by a client. One who purchases products or services is referred to as a consumer. The price and the number of units sold can both be influenced by customers.
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Which of the following is not an underlying issue when determining proper valuation of the venture set to be acquired?a. the reasons for the acquisitionb. the differing goals of a buyer and sellerc. the amount of risk involved in an acquisitiond. the emotional bias of the seller
The correct answer is option d. One factor that is not typically considered as an underlying issue when determining the proper valuation of a venture is the emotional bias of the seller.
When determining the proper valuation of a venture set to be acquired, it is important to consider a range of underlying issues that can impact the value of the venture. However, not all factors are equally relevant or important in every acquisition scenario.
Emotional bias refers to the influence of personal feelings or sentiments on a person's judgment or decision-making. In the context of a venture set to be acquired, the emotional bias of the seller could refer to the seller's attachment to the venture, their personal feelings about the potential buyer, or other emotional factors that may impact their willingness to sell the venture at a certain price.
While emotional bias can play a role in negotiations between a buyer and a seller, it is not typically considered as an underlying issue when determining the proper valuation of a venture. Other factors that are more relevant to the valuation of a venture set to be acquired include the reasons for the acquisition, the differing goals of a buyer and seller, and the amount of risk involved in an acquisition.
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how to withdraw money from credit karma spend account
Transfer to another account
From your Money home screen navigate to your Spend account.Select Move Money.Select Withdraw.Enter the Amount you'd like to transfer.Select the account you want to transfer From and then the account you want to transfer To.Confirm Withdraw amount.An account is a unique place in the standard ledger used for recording stability together with a history of adjustments to that balance. A well-known ledger consists of all the bills for recording transactions relating to an organization's property, liabilities, owners' fairness, sales, and expenses.
An enterprise bank account is a bank account that is used handiest for enterprise transactions instead of the non-public price range. it can be opened in the call of the enterprise, allowing payments to be made and obtained using the enterprise's call. commercial enterprise financial institution accounts operate in a similar way to private financial institution money owed. Accounting is the technique of recording financial transactions pertaining to an enterprise. The accounting procedure consists of summarizing, studying, and reporting those transactions to oversight companies, regulators, and tax collection entities.
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Candy Company had sales of $230,000 and cost of goods sold of $117,300. What is the gross profit margin (ratio of gross profit to sales)
The Gross profit margin is 49%
Calculation is shown and explained below,
Gross profit is the profit that is earned by the company after deducting the direct cost of sales of the product that is sold, Gross profit hold a great importance in preparation of company accounts, Gross profit margin is calculated as (Gross Profit / Sales) * 100.
The calculation of Gross profit margin,
Sales - Cost of Goods Sold = Gross profit
$230,000 - $117,300 = $112,700
Gross Profit / Sales * 100
$112,700/$230,000 *100
49%. Hence the Gross profit margin is 49%
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Select each statement either the word "debit" or "credit. " 1. An asset account is increased with a. 2. Owner's equity is increased with a. 3. To place an amount on the left-hand side of the T account is to the account. 4. The prepaid insurance account is increased by entering a. 5. The drawing account is decreased by entering a. 6. The accounts payable account is decreased with a. 7. The owner's capital account is increased with a. 8. The wages expense account is increased with a. 9. The fees earned account is increased with a. 10. The equipment account is decreased with a
1. An asset account is multiplied with a debit
2. owner's fairness is increased with a credit
3. To place an amount on the left-hand side of the T account is to the account credit score
4. The prepaid insurance account is elevated by coming into a debit
5. The drawing account is decreased by way of coming into a debit
6. The debts payable account is reduced with a credit score
7. The owner's capital account is increased with a credit score
8. The wages fee account is extended with a debit
9. The fees earned account is accelerated with a credit
10. The equipment account is reduced with a debit
An account is a unique area in the fashionable ledger used for recording stability along with a history of adjustments to that stability. A widespread ledger carries all the bills for recording transactions referring to an organization's property, liabilities, proprietors' equity, sales, and prices.
An enterprise needs a device to manage its cash. Business debts are used to music the coins balance, money owed to the enterprise, money owed to lenders, and payroll paid to employees. The number of accounts a business needs will vary, but business accounts are time-honored for all corporations. bills payable are a listing of money owed the commercial enterprise owes to its lenders. Examples of those forms of money owed consist of mortgages, car notes, and contours of credit extended to the commercial enterprise via different groups. This account is different from ordinary business charges because they're lengthy-term or revolving debts. payments on this money owed are commonly allotted from the enterprise' checking account.
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Make a list of skills that you presently possess that will assist you in getting a job. I put 50 pts
A list of skills you have that will assist you in getting a a job could be:
Professional qualificationsCommunicationEthicCreativityCritical thinkingWhat skills do you need to get a job?It is necessary for the candidate to have characteristics aligned with the job market, which today is competitive and values candidates with vision and good relationships with other individuals, as there is more and more integration in the world due to globalization.
Therefore, candidates must prepare themselves for the job market through professional and educational qualifications, being an ethical, creative and communicative individual.
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An insured has health insurance that covers them at work and at home. This policy was written on what basis?
When an insured has health insurance that covers them at work and at home. Such policy was written on the basis known as occupational basis.
What does occupational basis mean in Insurance?Occupation basis insurance refers to insurance that classifies the type of work for coverage purposes. When the insured is unable to work in a job that is reasonably suitable for them based on their education, experience, and age, any-occupation coverage kicks in.
In disability insurance policies, any-occupation policy terminology identifies the conditions under which a policyholder receives benefits. Hence, when an insured has health insurance that covers them at work and at home, such policy was written on the basis known as occupational basis.
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How much is 150 pesos to dollars?
one hundred fifty mexico pesos is equivalent to $7.84 (USD) or seven dollars and 84 cents.
What is a dollar called?The $1 bill is referred to as a "buck" or "single." The rarely used $2 bill is often referred to as the "deuce," "Tom," or "Jefferson" (after Thomas Jefferson). More than 20 different currencies go by the name dollar. The first still-existing money with such a name was the United States dollar, which was founded in 1792 and named after the regional currency known as the Spanish dollar. Several other currencies exist, including the Australian dollar, the Brunei dollar, the Canadian dollar, the Eastern Caribbean dollar, the Hong Kong dollar, the Jamaican dollar, the Liberian dollar, the Namibian dollar, the New Taiwan dollar, the New Zealand dollar, the Singapore dollar, and the Trinidad and Tobago dollar.
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also known as virtual work, has enabled some people to perform their jobs from home.
Telecommuting. Some jobs, referred to as virtual labour, allow employees to work from home.
Employees that participate in telework, telecommuting, or remote work have flexible working hours and locations. To function, they connect via telecommunications. While many people use mobile telecommunications technology to work from coffee shops or other locations, others, sometimes known as nomad workers or online commuters, do so from their homes. A larger definition of telework is the use of telecommunications to replace any type of work-related travel, which removes the geographical constraints of telecommuting. A "telecommuter" is a person who works from home. Work is something you do, not somewhere you travel to, according to some telecommuters.
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which of the following is true? multiple select question. the risk of a portfolio considers the standard deviations of each of the assets and how the assets change in regards to each other. the risk of a portfolio considers the standard deviations of each of the assets but not how the assets change in regards to each other. the risk of a portfolio of assets tends to be greater than for a single asset. the risk of a single asset is its standard deviation of returns.
Under efficient diversification:
The risk of a single asset is its standar deviation of returnsTke risk of a portfolio considers the standard deviations of each of the assets and how the assets change in regards of each otherEfficient diversification refers to the organizing principle of porftolio theory that maintains any risk-averse investors to search for the highest expected return for any particular level of portfolio risk. Efficient diversification is a strategy investors use to spread risk and provide protections and opportunities to earn money.
However, a portfolio with the highest potential return might not always be the best portfolio with the least uncertainty of return. A good portfolio has reliable and effective portoflio with varying degree of potential return and uncertainty.
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Which of the following topics should be considered during the strategy analysis phase of the AFI framework? (Check all that apply.)
- the external environment and associated challenges
- the firm's internal strengths and resources
- the role of strategic leadership and the strategy-making process
- the firm's business model and competitive advantages
- the amount and types of compensation to offer employees
The external environment and associated challenges, the firm's internal strengths and resources, the role of strategic leadership and the strategy making process and the firm's business model and competitive advantages.
One or more of the organization's goals may be attained through the use of strategy by management. Another way to define strategy is as "A general direction specified for the company and its numerous components to achieve a desired condition in the future." Every choice made and action done by a company in pursuit of the wider goal is referred to as part of its business strategy. Businesses can become industry leaders by understanding what a company plan is and how to implement it successfully. Simply said, the ability to plan for the future is the essence of strategic thinking. It is the ability to plan strategies and conceive of concepts that will be able to deal with changing environments and take into account the numerous issues that will be faced in the future.
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91) `scheduled income` is the potential gross income a property is capable of producing:
Potential Gross Income (PGI) is the total annual income that a piece of property might generate if it were fully rented out and had no collection losses.
A method for determining the worth of the commercial real estate is the gross income multiplier. It is determined by dividing the sale price of the asset by the gross income it generates. Gross planned income, often known as PGI, is the entire amount of income a property will generate if it fully leases the subject property at the going market rate. Frankly, it is a desirable number that frequently differs from the real rent the property brings in. You may also determine the value of a property using the gross rent multiplier formula if you know the market GRM and the gross rental revenue the property generates: Property Value x Gross Rent Multiplier.
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you have just started at a new company that specializes in providing contract services to the government. a new contract has been awarded to your company that has a specified budget and core set of deliverables. the project is to be developed in small iterations and releases, providing increasing functionality with each release. you have been assigned a liaison within the government to help facilitate development and answer any questions you have. you are concerned that the project requirements are restrictive, but any changes would require you to go through an approval process that can take several weeks. what should you do? answers a. ask the liaison to create a specialized process for this project b. meet with the team early in the project to flag potential changes c. use the waterfall project methodology d. build to specification
Control Board for Change (CCB). The project sponsor and other top management members are frequently included in this group of important stakeholders. Some businesses have a Modification Control Board that examines all project change requests.
If the client's requirements are constantly changing, how did you manage the project?Rearrange the scope: Simply move the additional requirements to a later stage of the project. Before putting this strategy into practice, it is important to clearly understand the new budgeting, resource allocation, and time requirements.
What are the three primary goals of change control?The main objectives of change control are to prevent unauthorized changes, lessen errors, and maximize resource allocation. To make the process more efficient, it should take the scope and complexity of the modification into account.
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The service sector employs which percentage of the u.s. workforce today?
The vast majority of American workers work in the service sector. In July, 107.8 million people (71% of all non-farm payroll employees) were employed in the private service industry, according to the BLS's latest employment report.
Work is an important activity that must be carried out by humans to meet their daily needs. Jobs have two types, namely jobs that produce goods and jobs that produce services. Jobs that produce services are jobs that use skills, services, services, or skills as a result of their work. These jobs are very close to our environment, such as in the fields of health, education, security, tourism, and design. Usually service jobs function to help, protect, and serve the community.
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manufacturers in the production-oriented marketing era at the turn of the 20th century were concerned with efficient blank , not with satisfying the needs of consumers. multiple choice question. pricing support value creation production
Manufacturers in the production-oriented marketing era at the turn of the 20th century were concerned with efficient production , not with satisfying the needs of consumers.
Production Orientation Era (1800s–1920s): During this time, mass production was the main focus. Companies believed that consumers would be prepared to pay for things that are widely available and inexpensive. As a result, company efforts were concentrated on boosting output quantity rather than quality.
A company that prioritises production frequently uses a mass production model and simplifies this production process for its line of products. This oriented method bases its focus on cutting production costs to satisfy this client base's price requirements on the presumption that customers respect price.
Fast food restaurant franchises like Burger King and McDonald's, which concentrate on producing thousands of burgers per day at a low cost, are a famous example of production orientation.
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How long after state accepts return is it deposited?
The time it takes for a state tax refund to be deposited after it has been accepted by the state tax authority can vary depending on several factors, including the method of refund (e.g. direct deposit or check).
The state's processing time, and any potential delays or holds on the refund.
For a direct deposit refund, it typically takes 7-14 business days for the funds to appear in your account after the state has accepted your return. If you received a refund check, it may take longer, potentially up to 4-6 weeks, for the check to be mailed and cleared by your bank.
It's important to keep in mind that these are general estimates and the actual time it takes for a state tax refund to be deposited may vary depending on the specific circumstances, including the state in which you live and the time of year. Some states may have longer processing times during peak tax season, for example. Additionally, if there are any errors or discrepancies in your tax return, this could delay the processing and deposit of your refund.
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what are the differences among the expectations, market segmentation, and liquidity premium theories for the term structure of interest rates?
Expectations theory states that long-term rates equal the average of expected future short-term rates. Market segmentation suggests that long-term rates are influenced by the supply and demand dynamics of the long-term bond market. Liquidity premium theory argues that long-term rates include a premium for the illiquidity of long-term bonds compared to short-term bonds.
Expectations theory assumes that investors are rational and have a consistent view of future short-term rates. Market segmentation theory recognizes that different markets, such as the short-term and long-term markets, can have distinct supply and demand forces.
Liquidity premium theory considers the idea that long-term bonds are less liquid than short-term bonds, and investors demand a higher yield to compensate for this lilliquidity. These theories attempt to explain the determination of the term structure of interest rates, but in practice, all three factors likely play a role.
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in which of the following scenarios is the independence of the auditor(s) maintained? a. the external auditors report to the ceo and board of directors. b. the external auditors report to the ceo. c. the external auditors report to the controller.
The independence of the auditor(s) is maintained when the external auditors report to the audit committee.
The independence of auditors is crucial to ensure impartial and objective assessments of financial statements and internal controls. When the external auditors report to a body with direct responsibility for the financial reporting process, such as the CEO or the controller, there is a risk of undue influence or pressure on the auditor to provide a favorable opinion, which can compromise the auditor's impartiality.
In contrast, reporting to an independent audit committee, composed of members of the board of directors, enhances the auditor's independence and helps ensure that the audit is conducted in a manner that is free from undue influence and in the best interest of stakeholders. This helps to strengthen the credibility of the auditor's opinions and the reliability of financial information.
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The correct question is given as:
In which of the following scenarios is the independence of the auditor(s) maintained?
A. the external auditors report to the CEO and Board of Directors.
B. the external auditors report to the CEO.
C. the external auditors report to the controller.
D. the external auditors report to the audit committee
is used to accumulate all of the costs affiliated with each job.
suppose that in a barter economy tom bakes bread and hans produces chocolates. tom wants chocolates but hans doesn't like bread, so hans is unwilling to trade with tom. tom's problem is an example of which problem associated with a barter system?
Tom's problem is an example of the double coincidence of wants problem associated with a barter system.
What is a barter system?
A traditional way of the transaction is a barter system. Before money was ever established, this method was in operation for many years. People traded goods and services for other things and services in return. Using more advanced methods to facilitate transactions, bartering has made a resurgence today.
Internet, for instance. This practice used to just include locals, but currently, bartering occurs all around the world. On the opposite side, you can agree on the worth of the products you're bartering. One benefit of the barter system is the absence of money. By swapping an item you already own but no longer desire or need, you can purchase new items. Trading in this way is typically conducted through trade markets and online auctions.
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