Audit best describes this Engagement
A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented procedure of documenting transactions. It's done to make sure the organization's financial accounts are accurate.What does an audit have as its goal?The goal of an audit is to make a conclusion regarding the financial statements' fairness and conformance to relevant accounting rules.Payrolls, management accounts, bank statements, invoices, and receipts are a few examples of auditing proof..Good auditing evidence must be ample, trustworthy, supplied from the right source, and pertinent to the audit at hand.To Learn more Audit, Click the links.
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after adjusting revenue for accounts receivable and deferred revenue, how much cash did acme generate from revenue for the nine months ending september 30, 2017?
Acme generate $892.1 million from revenue for the nine months ending September 30, 2017.
Description of revenueRevenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also called sales.
A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
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One of the biggest concerns for farmers is which of the following?
A. The weather
B. Physical labor
C. Hiring labor
Answer:
A
Explanation:
Phiyscal labor can be a concern but not that big cause you can always have more workers and C hiring labor isn't as hard as people seem if you find some one willing it easy esspecialy if its a smalll farm and i belive its A becuase the weather is unpredictable and climat change one day it can be snowiing the next its pouring rain and the upcoming climate change we're facing will i have drastic effects on farms
which area in exhibit 9-17 represents deadweight loss under monopoly with perfect price discrimination? there is no deadweight loss
The place is famous 9-17 represents deadweight loss under monopoly with perfect price discrimination: there's no customer surplus.
Price discrimination is a microeconomic pricing approach in which identical or largely similar goods or offerings are bought at unique expenses via the same provider in distinct markets. charge discrimination is outstanding from product differentiation by using the greater substantial distinction in production price for the in another way priced merchandise concerned inside the latter method.[3] charge differentiation basically is based on the variation within the customers' willingness to pay and the elasticity of their call.
Price discrimination is a promoting method that fees clients different fees for an identical product or service based totally on what the seller thinks they could get the consumer to conform to. In pure price discrimination, the vendor costs each client the maximum rate they'll pay.
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l. lyons started a business and invested $4,000 in exchange for common stock. illustrate how to record the transaction in the t-accounts by completing the following sentence. the cash account would be (debited/credited) on the (left/right) side of the t-account and the common stock account would be (debited/credited) on the (left/right) side of the t-account.
Dr Cash Account on the Left side.
Cr Common stock on the Credit side.
Based on the information which is given how to record the transaction in Lyons Share's T-accounts will be :
The Cash account would be debited on the left side of the T-account because debit side is often on the left hand side and moreover the amount of 4,000 is the cash which is Invested for stock, that is why cash account will be debited.
Common stock account would be credited on the right side of the T-account because the amount of 4,000 was invested for stock . That is why common stock account will be credited.
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heidi talbott has a margin account with a balance of $50,000. the initial margin deposit is 50%, and rc industries is currently selling at $50 per share. how many shares of rc can heidi buy? group of answer choices 2,500 250 2,000 1,000 500
Heidi Talbott has a margin account with a balance of $50,000. the initial margin deposit is 50%, and RC industries are currently selling at $50 per share. There are 2000 shares of RC heldi buy.
A few professionals say that someplace between 20 and 30 shares are the sweet spot for manageability and diversification for most portfolios of individual stocks. however, if you look past that, different research has pegged the magic variety at 60 stocks. whilst there is no real limit to the number of stocks you should purchase in a business enterprise.
It is possible that there will be guidelines or regulations that Shares could interfere with your ability to shop for as many shares as you want. If you may maintain your fees down, some professionals propose shopping for a portfolio of 12 to 18 shares to correctly diversify the danger of owning personal stocks. Your diversification has to be based totally on total proportion value, now not share matter. even as purchasing a single share isn't always beneficial, if an investor would love to buy one proportion.
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the domestic environment is composed of all the uncontrollable forces originatin in the that surround and influence the life and development of the firm
The problem is a true Statement. As domestic environment is composed of all the uncontrollable forces originatin.
What is Domestic environment?
The domestic business environment includes the nation's economy, political system, commercial policies, infrastructure, laws, and rules as well as its culture, traditions, and religious beliefs. Domestic trade is important because it facilitates the exchange of goods within a country.
Therefore,
The domestic environment is composed of all the uncontrollable forces originatin in the that surround and influence the life and development of the firm
The problem is a true Statement. As domestic environment is composed of all the uncontrollable forces originatin.
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ira deductions and payments to self-employed sep, simple, keogh, and other qualified plans from irs form 1040 schedule 1-total of lines 15 19.
IRA deductions and payments to self-employed SEP, SIMPLE, Keogh, and other eligible plans from IRS Form 1040 Schedule 1 - total of lines 15 + 19.
Student's 2020 Untaxed IncomePayments to tax-deferred pension and retirement savings programs (paid directly or withheld from revenues), including, but not limited to, amounts noted on the W-2 forms in Boxes 12a via 12d, codes D, F, G E,, H, and S. Child support is obtained for any of your offspring. Don't include foster care or adoption expenses.Tax-exempt interest payment from IRS Form 1040–line 2.Untaxed amounts of IRA distributions from IRS Document 1040–lines (lines 4a + 5a) minus (lines 4b + 5b).To learn more about IRA deductions visit the link
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you are bearish on telecom and decide to sell short 100 shares at the current market price of $35 per share.
The correct answer is $57.69 or more.
The sum of money borrowed from the broker for stock market trading is referred to as margin. Investors can trade with leverage thanks to margin. The two forms of margin are initial margin and maintenance margin.
Selling stocks that are borrowed from a broker rather than ones that an investor owns is known as a short sale. Later, it is bought to pay off the loan.
Initial margin is $2,500, or 50% of $5,000.
There are $7,500 in total assets ($5,000 from the sale of the shares and $2,500 from margin). Obligations are 100P. Net worth is therefore ($7,500 - 100P).
The answer to the equation "$7,500-100P" /"100P" = 0.30 is P = $57.69.
The stock price will trigger a margin call when it reaches $57.69 or more.
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Which feature starts with a desired result, then calculates the input value that will give that result?.
Goal seek starts with a desired result, then calculates the input value that will give that result.
When you create a formula or function in Excel, you combine several parts to calculate a result. Goal Seek works in the opposite direction: it allows you to begin with the desired result and then calculates the input value that will produce that result. We'll demonstrate how to use Goal Seek with a few examples.
Other types of what-if analysis to consider for more advanced projects include scenarios and data tables. Other options, unlike Goal Seek, allow you to test multiple values and see how the results change rather than starting from the desired result and working backward.
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services or rights provided by employers in addition to wages or salary; includes health, dental and life insurance, paid vacation time and sick leave and retirement plan options benefits
The employment benefits are the services or rights provided by employers in addition to wages or salary; includes health, dental and life insurance, paid vacation time and sick leave and retirement plan. Therefore, the option A holds true.
What is the significance of employment benefits?The employment benefits can be referred to or considered as the benefits received by an employee along with the basic salaries or the wages received. The benefits are in addition to the actual in-hand payments to the employees, and are given by the employers under a mandate.
Therefore, the option A holds true and states regarding the significance of the employment benefits.
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The missing choices to the incomplete question have been added below for better reference.
The services or rights provided by employers in addition to wages or salary; includes health, dental and life insurance, paid vacation time and sick leave and retirement plan are regarded as ________.
A. Employment benefits
B. Perks
C. Employment terms
D. None of these
PLEASE I NEED 2 PARAGRAPHS BY MONDAY!
The four Ps of Marketing is a product, price, place, and promotion. Thus, a lemonade ad should contain all four marketing strategies.
The ad for the lemonade stand will start with a bright yellow catchy brochure, intending the product, i.e, lemonade. The brochure will mention different types of lemonades one will be offering in their stand. The brochure will detail every content in great catchy fonts. Then the product brochure will have the list of prices added next to its menu of products.
Along with the brochure, there will be SNS platforms promoting the product and there will be a launch for the disclosure of the place of the lemonade stand. The promotion of the product will be included in the local daily newspaper along with the distribution of brochures and on SNS sites.
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trec rules require a license holder to disclose his dual role if he is representing himself in a transaction. trec also requires a license holder to disclose if his client is his:
trec rules require a license holder to disclose his dual role if he is representing himself in a transaction. Trec also requires a license holder to disclose if his client is his spouse or children or parent. Thus, option C is correct
What is the license?A license can be defined as a part where the person needs to get authority or permission to perform a certain action, for that he may need a registered document from the government which is called a license.
According to the trec rule, a real estate holder needs to present himself and license if they have a dual role, that is if he is also the service provider but also with some kind of relationship with the client. Therefore option C is the correct option
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The question is incomplete, the correct question will be
(a) Brother, sister, or parent
(b) Brother, sister or child
(c) Spouse, child or parent
(d) Relative of any kind
identify the impact of each of the given transactions on the accounting equation: the company purchases supplies on credit
When a company purchases supplies on credit, the effect on the accounting equation is an increase in supplies and and increase in accounts payable.
What happens when supplies are purchased on credit?When a supply is purchased, it will count as an asset. It will therefore increase the supplies account.
On the other hand, the supplies were bought on credit which means that the company the supplies was bought from is being owed. The result is that the accounts receivable account will increase in value to show the debt.
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in a particular industry, products need a certain level of maintenance. customers can take the product to service companies to provide that maintenance. however, a number of manufacturers offer reasonably priced maintenance packages as well. this level of service after the sale indicates what about the industry?
The industry is highly competitive. This means that they are highly competitive within their industry and actually encourage organizations to create packages for it. There are dozens of industrial classifications in the modern economy. Industry classifications are usually grouped into larger categories called sectors.
Industries can be classified in several ways. At the top level, industries are often divided into sectors according to a three-sector theory. primary mining and agriculture, secondary manufacturing, and tertiary.
A productive group of enterprises or organizations that produce or supply an industry, goods, services, or source of income. In economics, industries are generally classified as primary, secondary, and tertiary. The secondary industry is further divided into heavy industry and light industry.
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discuss the importance of interoperability between ehrs and other disparate systems and the impact on improving quality and access to care. how can workflow analysis be used to identify issues related to interoperability?
Importance of interoperability
Better workflows, less uncertainty, and data sharing between EHR systems and healthcare stakeholders are all made possible by EHR interoperability.
In the end, an interoperable environment enhances the provision of healthcare by ensuring that the appropriate data are made available to the appropriate people at the appropriate time.
Workflow Analysis :The process of reviewing a company's workflows is called a "workflow analysis," which is typically done to increase operational effectiveness. It reveals potential opportunities for process optimization, such as unnecessary jobs or procedures, ineffective office design, and workflow bottlenecks.
What are three typical levels of interoperability that are important considerations in interoperability testingPhysical compatibility, data exchange interoperability, and data interpretation interoperability are the three standard levels of interoperability that should be taken into account while conducting interoperability testing.
The ability of software, hardware, products, and systems from diverse companies to quickly share information and perform data processing without the involvement of end users is known as interoperability.
Interoperability basically allows different information systems to communicate and comprehend the data that is delivered to them.The three basic kinds are syntactic, structural, and semantic interoperability.
Interoperability results in significant time savings.When a patient is unable to express themselves effectively, health or care professionals might fill in the gaps without contacting GP offices or other organizations.
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the industrial revolution brought about several changes to jobs and organizations. one such change is that work was no longer performed in homes or small shops , but now was performed under one roof .
The industrial revolution brought about several changes to jobs and organizations. one such change is that _____ replaced _________.
The industrial revolution brought about several changes to jobs and organizations. one such change is that Unskilled workers replaced skilled craftspeople work
The required details for Industrial Revolution in given paragraph
The Industrial Revolution took place between roughly 1760 and some time between 1820 and 1840 in Great Britain, continental Europe, and the United States as a transition to new industrial techniques. This transition includes switching from manual to mechanical production methods, introducing new techniques for producing chemicals and iron, utilizing steam and water power more frequently, developing machine tools, and advancing the mechanized industrial system. As a result of the significant increase in output, both the population and the pace of population growth saw previously unheard-of increases.
In terms of output value, capital invested, and employment during the Industrial Revolution, textiles dominated the market. The first sector to employ contemporary manufacturing techniques was the textile industry.
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during the month of april, riley co. had cash receipts from customers of $780,000. expenses totaled $624,000, and accrual basis net income was $218,000. there were no gains or losses during the month. required: a. calculate the revenues for riley co. for april.
The revenues for riley co. for April is $842,000
What is revenues of the company?
The revenues of Riley co. for April is the amount of sales earnings recorded by Riley co. in the month of April which represent the amount of goods sold to customers regardless of whether or not payments have been received
The accrual basis net income is the sales revenue minus the expenses totaled $624,000
accrual basis net income=sales revenue-expenses
accrual basis net income=$218,000
sales revenue=unknown(assume it is x)
expenses=$624,000
$218,000=x-$624,000
x=$218,000+$624,000
x=revenues=$842,000
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interest in sustainability initiatives has increased in recent years. group of answer choices true false
Interest in sustainability initiatives has increased in recent years, is a true statement.
What is sustainability?Sustainability can be defined as using resources in a way that is available for the current generation as well as the future generations.This also means that the resources will not be depleted in the future.
The people are making sure that they use the resources in a more careful and efficient manner and do not waste any resources or pollute the environment.
There are various organizations like WTO that help spread awareness of this initiative.
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According to management scholar gary hamel, companies like apple have succeeded because their spirit of _____ has allowed them to reinvent the basis of competition within an existing industry.
According to management scholar Gary Hamel, companies like apple have succeeded because their spirit of strategy innovation has allowed them to reinvent the basis of competition within an existing industry.
Every company in running its business has a different strategy when facing various situations, conditions and markets. This is based on the fact that each company has different capabilities from one another. This company strategy is the main key going forward so that the company can survive and develop. Corporate strategy is a step taken by the company to support its production activities so as to generate profits.
Five reasons why companies need a business strategy:
Planning StageIdentify Strengths & WeaknessesEfficiency & effectivenessCompetitive advantageControlExamples of corporate strategies that are often used today.
GrowthCreating new marketsBusiness acquisitionProduct differentiationPrice gameYou can learn more about strategy innovation here
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when pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning. group of answer choices true false
When pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning.
This statement is true.
Planning means looking ahead and chalking out the future courses of action to be followed. It is a preparatory step of every management . It is a systematic activity which determines the process of when, how and who is going to perform a specific job.
Planning is a detailed programme which is related to future courses of action.
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to track how the industry is changing, you'll have to monitor each segment's expectations for positioning. every year the ideal position for a product's performance and size drifts at a steady rate. find the ideal position for the low tech last round.
Despite appearing to be in the center, the Ideal Spot is actually located throughout the segments, depending on which one is more focused on the needs of the consumer. For instance, the High End segment's Ideal Spot is at the forefront of the market since these buyers demand the greatest products.
The perfect location is where customers in that market sector would desire their products to be, in terms of size and performance. Customers just prefer products that are closer to the ideal location, all other things being equal. This doesn't mean that they won't purchase your product if it is not in the perfect location. The exercise below demonstrates how to calculate the "Offset," which is the distance from the segment's center to the Ideal Spot.
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with relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale. true false
The given statement is false. With relationship selling, the salesperson spends most of his or her time attempting to build a problem-solving environment with the customer.
In sales, trade, and economics, a customer is the person who receives an item, service, product, or idea from a seller, vendor, or supplier in exchange for money or another useful consideration. A customer is also referred to as a client, buyer, or purchaser.
A customer is a person or business who receives, uses, or purchases a good or service and has the option of selecting from a variety of products and suppliers. All businesses want to draw clients or customers and convince them to buy the goods they are selling.
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it is more effective and efficient to find your employees doing something wrong than to find them doing something right in the workplace.
The first-class way to offer surroundings conducive to effective motivation is to set up an agreement with and respect together with your employees. it is extra effective and green to discover your employees doing something wrong than to discover them doing something proper in the workplace.
An employee is a person who receives paid for paintings for someone or an employer. people do not want paint full time to be taken into consideration by employees—they absolutely want to be paid to work by an employer (the person or enterprise that pays them).
An instance of an employee is an individual who's employed via McDonald's and is paid a positive amount of money for every hour worked. a person who works in the carrier of another (the company) difficulty to a contract for lease, where the agency controls the situations of labor performance. You furthermore may want to price your employees the way you price your clients due to the fact they have the maximum powerful power to carry into your organization. if you trust and fee your personnel, they'll be more committed to serving customers properly and serve the company in the long run in a splendid manner.
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key indicators of the growing importance of sustainability in managing an organization include .
Key indicators of the growing importance of sustainability in managing an organization include:
Shareholder pressure on corporationsworldwide safety issuesclimate changeThe definition of employer refers to the act of placing matters right into a logical order or the act of taking a green and orderly approach to obligations, or a group of humans who've officially come collectively. When you ease up your desk and document all of your papers into logical spots, this is an instance of organization.
Three styles of groups describe the organizational systems which can be used by maximum organizations today: useful, departmental, and matrix. every of those forms has benefits and drawbacks that owners need to consider before finding out which one to enforce for his or her commercial enterprise.
You may grow your productiveness. By preserving prepared, you may keep time seeking out things and could have more time to paintings on critical tasks. As corporation can improve the glide of conversation between you and your crew, you can additionally make your group greater effective.
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companies create strategy from the outside in by offering distinct and compelling customer value. this can be accomplished only by carefully studying customers and using deep market insights to
"The marketing reasoning by which the business unit aspires to attain its marketing objectives," according to Kotler et al., is the definition of marketing strategy.
What is business ?An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business purpose reveals the driving force behind a company's establishment. It describes the company's objectives as well as what makes it unique. A mission statement and a value statement are both much longer than a company purpose.
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when a firm is experiencing decreasing marginal costs, it could be because a. the average costs are increasing b. the firm is going down its learning curve c. the firm’s marginal productivity is increasing d. both c and d
B as well as C. This is due to the fact that as a company's production and learning curve rise, the cost of the subsequent unit of output falls, making it advantageous for the company to produce more.
What is Marginal cost?
In managerial accounting, the idea of marginal cost is crucial because it may be used to maximise production through economies of scale within an organisation.By producing at the point where marginal cost (MC) equals marginal revenue, a business can optimise its earnings (MR).Because fixed costs are fixed regardless of output levels, larger production spreads the total fixed cost over more units, resulting in a lower fixed cost per unit.Producing more units will result in higher variable costs because variable costs are based on production levels. In economics, the marginal cost is the difference in total production costs caused by making or producing one extra unit. Divide the variation in production costs by the variation in quantity to determine marginal cost .To know more about Marginal cost visit:
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amancio is going into his fourth year of school when he is offered a prestigious position at a software company. instead of applying the opportunity cost principle to see if he should quit school and take the job, he decides to stay in school, because he has already spent so much time and money on furthering his education. amancio's hasty decision has been negatively affected by:
Amancio is going into his fourth year of school when he is offered a prestigious position at a software company. instead of applying the opportunity cost principle to see if he should quit school and take the job, he decides to stay in school, because he has already spent so much time and money on furthering his education. Amancio's hasty decision has been negatively affected by: sunk costs.
The relevant costs are the chance cost of taking the work (forgone earnings from your current job) and other stuff you could have finished with the money you wish to obtain in graduate school. Scarcity refers to the condition of insufficiency where masses are incapable of fulfilling their wants during a sufficient manner. In other words, it's a situation of fewer resources compared to unlimited human wants.
Gathering information is the most vital because information is crucial to the shaping of a consensus on a choice. Without gathering more information once software company the alternatives are made, the choice making process will grind to a halt. The "invisible hand" is the price mechanism that guides our actions within the market.
This statement matches the definition of the invisible hand within the text. Social and political forces affect the way software company within which the invisible hand works. Consumers have greater access to information. Container ships can transport a variety of goods directly. Societies can house scarcity by increasing supply.
The more goods and services available to any or all, the less scarcity there'll be. Of course, increasing supply comes with limitations, like production capacity, land available to be used, time, and so on. in a different way to handle scarcity is by reducing wants.
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what is the present value of the following cash-flow stream if the interest rate is 6%? note: do not round intermediate calculations. round your answer to 2 decimal places. year cash flow 1 $ 120 2 320 3 220
The present value of the cash-flow stream if the interest rate is 6% is $323.03.
What is the interest rate?The interest rate can be defined as the amount or the percentage that is being fixed or fluctuating depending upon the condition of the agreement. The interest is calculated on the amount that is being loaned or given to the individual or a company.
According to the given question, the interest rate is 6%
1st year $120
2nd year $320
3rd year $220
Now, by applying the formula for the present value:
[tex]\rmPV = \dfrac{fv}{(1 + r)^t}[/tex]
[tex]\dfrac{120}{1.06} + \dfrac{320}{(1.06)^2} + \dfrac{220}{(1.06)^3}[/tex]
= 113.20 + 284.96 + 184.87
= 323.03
The present value of the cash flow stream is $323.03
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on august 1, paid $72,000 cash to purchase houtte's 9%, six-month debt securities ($72,000 principal), dated august 1.
Here short term investment is debited as it increased the asset and credited the cash as decreased the asset.
here cash is debited as it increased the asset and credited the interest revenue as it also increased the revenue.
What Are Short-Term Investments?
Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years. After only three to twelve months, many short-term investments are sold or turned into cash. CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills are a few typical examples of short-term investments. Short-term investments, also known as marketable securities or temporary investments, are financial investments that can be easily converted to cash, typically within 5 years. Typically, these investments are high-quality and highly liquid assets or investment vehicles. Short-term investments may also specifically refer to financial assets of a similar kind, but with a few additional requirements, that are owned by a company.
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the justification for reporting assets at historical cost on the balance sheet is that historical cost is: verifiable and objective. considered more useful to most decision makers than current cost. more relevant than fair value.
The problem is a true statement. As Assets should be valued at their historical cost to avoid overstating their value when they may appreciate due to erratic market conditions.
What is historical cost?
The initial nominal monetary worth of an economic item is its historical cost in accounting terms. Using historical cost accounting, assets and liabilities are reported at their original costs without being adjusted for inflation.
Therefore,
the justification for reporting assets at historical cost on the balance sheet is that historical cost is: verifiable and objective. considered more useful to most decision makers than current cost. more relevant than fair value.
The problem is a true statement. As Assets should be valued at their historical cost to avoid overstating their value when they may appreciate due to erratic market conditions.
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