Independent-Audit Financial Statements / Financial Statement Auditors
Audit the Company they work for / Internal Auditors
Report to Congress or Municipal Governments / Governmental Auditors
Enforce Federal Tax Laws only / IRS Auditors
Who are auditors?
A company's efficiency is monitored by auditors, who evaluate its financial activities. They are responsible for monitoring cash flow from start to finish and making sure that an organization's funds are correctly accounted for.
An auditor's primary responsibility in the case of public firms is to assess the conformity of financial statements with widely accepted accounting principles (GAAP). In order to fulfill this need, auditors examine financial information, operational aspects of a business, and accounting data while taking thorough notes on each step of the process, known as an audit trail.
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the owner occupies a portion of the building after the architect has deemed the project is substantially complete. the owner notices a hole in the wall that wasn't noted on the architect's punch list. who is responsible for fixing the issue?
The proprietor occupies a portion of the building after the architect has deemed the undertaking is considered whole. the proprietor notices a hollow within the wall that wasn't stated on the architect's punch list. final crowning glory occurs after the architect has tested the completion of the challenge. they'll perform a final inspection to verify the paintings. income, condo, losses of use, and financing is chargeable for fixing the issue.
An architect is someone who plans, designs and oversees the development of buildings. To practice architecture means to provide services in reference to the layout of buildings and the distance within the web page surrounding the buildings that have human occupancy or use as their predominant cause.
Architects create designs for new creation initiatives, changes, and redevelopments. They use their expert creation understanding and high-level drawing talents to lay out homes that can be functional, secure, sustainable, and aesthetically captivating. Doing an architecture diploma may be hugely worthwhile. but it's also most of the most challenging – with lengthy hours, a large workload, and awareness of detail – so it's vital to understand what you are letting yourself in for.
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independently owned and managed stores sign an agreement to use the same name, participate in chain promotions, and cooperate as a unified system.
Independently owned and operated stores that are a member of a wholesaler-sponsored chain have agreed to use the same name, take part in chain promotions, and work together as a single system.
Unlike corporate chains, these are associations of individual retailers. In many nations, voluntary networks of retailers that participate in collective merchandising and bulk purchasing are common. Any retail establishment with two or more locations that is part of a chain and sells the same products under the same ownership. A significant portion of retail activities are carried out by chains in the Americas, western Europe, and Japan. Chain stores constitute the first successful application of large-scale integrated procedures to a form of retailing, together with the department store and the mail-order business.
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a city enacts an ordinance that prohibits all advertising on the sides of trucks. a court would likely review this ordinance under the principles of
The River City passes a law banning any truck side advertising. A judge would probably examine this ordinance in accordance with due process rules.
What are the principles of due process?Due process is defined in this context as the right to be handled fairly, quickly, and successfully by the administration of justice. Due process rights set restrictions on laws and court cases in order to ensure fundamental justice and fairness. The rules applied by courts of justice in line with recognized and sanctioned legal concepts and processes, as well as protections for the protection of individual rights, are understood to be subject to due process in this context. A fair trial, the presumption of innocence, and the independence and impartiality of the judiciary are only a few of the many criteria that apply to the administration of justice. The numerous rules are divided up among several articles in the majority of Conventions.
Four aspects of due process are covered because this handbook focuses on a range of Conventions:
a) Excellence in the administration of justice;
b) Excellence in the defense of the parties' rights;
c) effectiveness;
d) efficiency.
The first three components are discussed under the heading of "fair trial," while effectiveness is covered under the "right to an effective remedy" heading because due process rights are traditionally known among human rights experts to center on the right to a fair trial and the right to an effective remedy.
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a person owns one unit in a multi-unit structure together with a specified undivided interest in the common elements. the ownership interest best describes a
A condominium is an ownership interest where a person owns one unit in a multi-unit building along with a specific undivided interest in the common areas.
Definition Of An Ownership Interest In A Property
The rights that one or more owners have over their investment are referred to as ownership interests in real estate. When there are many owners, the ownership interest is typically divided according to how much money was put into the property.
If you have an ownership stake in a piece of property, you are entitled to reasonable use of it. For instance, you would be entitled to a fair portion of the earnings if you jointly own an investment property with other investors.
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retirement plans play a key role in making a company competitive in the marketplace because they help the employer to attract and retain employees.
True
Offering a tax-advantaged retirement plan to employees has two primary advantages: attraction and retention.
What do you mean by Retirement planning?
It refers to the distribution of savings or revenue towards retirement in a financial setting. Retirement planning is to achieve financial independence.
As a result, financial consultants frequently advise retirees to have a source of income that provides approximately 70% of their salary while working in order to live comfortably after retirement.
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i need to know whether you are able to perform the following functions of the job, revising existing marketing materials, promoting the company at trade shows, and reaching potential customers through direct mail campaigns.
I want to know if you're capable of updating current marketing materials, promoting the business at trade fairs, and contacting potential clients through direct mail campaigns.
How do you recognize prospective clients?
Divide Up Your Potential Clientele. The first step in locating and comprehending your potential consumer base is segmenting your current customer base.
Research rivals.
Create a marketing plan for a healthy brand.
Recognize Changing Consumer Demands and Behaviours.
Customer and potential customer definitions
Customers are current users who consume our products, services, or other offerings and express interest in our brand. Potential clients are individuals who haven't yet used our services but are likely to be interested clients in the future.
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list every factor you should consider when evaluating a job offer. be thorough in your answer. you may want to discuss this with a member of your support system network, a placement counselor, or both. include the factors that are specific to your personal job search, as well as general factors.
Factor that one should consider when evaluating a job offer.
1. Investigate Your Potential Employer
Your potential employer has put a lot of effort into determining your fitness for the position. But have you considered whether it's appropriate for you?
2. Income
When considering whether to accept a job offer, many people look to the salary as the most important consideration.
3. Perks and Benefits
Benefits can account for a sizable portion of your pay package, therefore it's important to carefully consider this clause of your contract as their value is frequently less clear than the salary's value.
4. Expenses and Savings
Your commute is one of the major costs to take into account when assessing a job offer. Will your travel expenses go up or down?
5. Time
The time commitment required by your new employment can be difficult to judge.
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In many parts of the US, local governments impose additional taxes on sugary or soda drinks to discourage consumption and promote healthier habits. These taxes are examples of "sin taxes." Other examples include additional taxes on cigarettes and vapes. Now suppose Colorado Springs imposes a "soda tax" within city limits. Which of the following is a likely unintended consequence of this tax?
O Some people will switch to water and juice. Some people will stop liking soda altogether. No one will change their behavior because price doesn't matter when it comes to soda. O Some people will drive to Fountain to purchase cheaper soda.
Answer: I think its the third one because if people don't want it they won't pay to drink soda then the soda industry wouldn't like that, and they wouldn't be able to profit, thus making them rebel against the government, or people will illegally sell toxic sodas and make a profit because the people are so desperate to drink it. They could also move out of the state if there like really desperate and make the states really unpopulated and cause a disaster if they all move and there's not any living space in other states. I hope this helps!: ) Im sorry if it's wrong: (
classify each cost and its amount as either product or period. the first cost is completed as an example.
The classification of each cost and its amount as either product or period costs is as follows:
Classification of Costs by Function:Product Costs Period Costs
1. Plastic for the casing— $20,000
2. Wages of assembly workers— $88,000
3. Property taxes on factory— $7,000
4. Accounting staff salaries— $36,000
5. Drum stands (1,000 stands purchased)— $38,000
6. Rent cost of equipment for sales staff— $12,000
7. Upper management salaries— $175,000
8. Annual flat fee for factory
maintenance service— $13,000
9. Sales commissions— $24 per unit
10. Machinery depreciation, straight-line— $48,000
What is the difference between product costs and period costs?Product costs are directly related to production, including direct materials, direct labor, and allocated factory overhead.
Period costs are not directly related to production, for example, general and administrative expenses, such as rent, office depreciation, office supplies, and utilities.
Thus, we can determine product costs as those that involve production, while period costs are not involved in the production but marketing, selling, and administration.
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Question Completion:Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $493 each.
Costs
1. Plastic for the casing—$20,000
2. Wages of assembly workers—$88,000
3. Property taxes on factory—$7,000
4. Accounting staff salaries—$36,000
5. Drum stands (1,000 stands purchased)—$38,000
6. Rent cost of equipment for sales staff—$12,000
7. Upper management salaries—$175,000
8. Annual flat fee for factory maintenance service—$13,000
9. Sales commissions—$24 per unit
10. Machinery depreciation, straight-line—$48,000
s is a life insruance policyowner and enters into a written agreement to receive immediate cash in exhage
S, a life insurance policyholder, signs a formal agreement to sell and transfer her life insurance policy in exchange for instant cash. A Viatical Settlement is the name given to this arrangement.
A contractual settlement is a written agreement to give a life insurance policy holder instant cash in exchange for the sale and transfer of a life insurance policy. A contract between an insurance policy holder and an insurance company in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance.
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bermeo, sarah blodgett. "aid allocation and targeted development in an increasingly connected world." international organization, vol. 71, no. 4, 2017, pp. 735–66
Answer:djewew
Explanation:
The concept of a value chain is not significant to organizations unless they manufacture products. True or false?.
The correct answer is false
The indirect services that enhance the primary activities of the value chain are known as support or secondary activities. Input resource procurement, administration of human resources, infrastructure (financial, legal, and administrative), and research and development are examples of secondary or support operations (technology). According to Porter's Value Chain, these assist the main value chain activities, which include inbound logistics, operations, outbound logistics, marketing and sales, and customer services. The phrase for the operations in the value chain analysis that are necessary but do not immediately add value to the goods or services the business sells to its consumers is secondary or supplementary activities
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in the 1800s, the federal government paid railroad companies for each mile of track built. this payment scheme created incentives for railroad companies to lay track:
In the 1800s, the federal government paid railroad companies for each mile of track built. This payment scheme incentivized railroad companies to lay track between points A and B using the most indirect route.
Railroad land incentives were popular in the second half of the 19th century. To encourage railroad construction, states and railroad companies constructed extensive sections of public lands between 1850 and 1872.
Typically, the companies received alternative sections of public land from the federal government in twenty- or fifty-mile strips for each mile of track built. The United States was in charge of mapping and surveying the grants. Myriad maps of the United States and individual states and counties were created to show the parts of granted land and railroad rights-of-way clearly.
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What does it mean to follow ethical principles?
ten years ago, you put $5,000 in a savings account. today, your investment has the purchasing power of $4,800 what is your real rate of return? (just calculate like a normal interest rate)
Answer:
-0.41%
Explanation:
1. which is listed first on a financial statement? a. revenues b. owner's equity c. liabilities d. assets
Assets is listed first on a financial statement.
What are assets?An economic resource with economic worth that is owned or under the control of a person, a company, or a government with the intention that it would someday be useful is referred to as an asset.
An organization's balance sheet lists its assets. They can be divided into four categories: current, fixed, financial, and intangible. They are obtained or developed in order to raise a company's worth or enhance its operations.
Whether it's manufacturing machinery or a patent, an asset is anything that, in the future, has the potential to increase sales, lower costs, or produce cash flow.
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Explain what might happen if businesses neglect the marketing-information management function.
Answer:
Businesses could only guess at what to produce or what changes to make. They might produce too much or not enough to meet demand. They might not know what their competitors are selling or why customers are not buying.
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asset acquisition planning is one of the earliest financial activities you undertake in life. it involves the purchase of , including tangible and financial assets, liquid assets, investments, and personal and real property.
Answer:things we own
Explanation:
in an erp system, what is it called when material is issued to a job in the beginning of the production process
Software for manufacturing ERP integrates tasks assigned to a job at the start of the production process.
How does manufacturing work?
Manufacturing is the process of converting raw materials into final goods. These goods can be made by hand or by machine, and after they are finished, they are sold to customers or other enterprises for a variety of uses. The produced commodities could also be components of a bigger item. Organizations utilize Manufacturing ERP software to assist manage, plan, and support these activities. They also help businesses scale, save costs, and increase productions in a timely and effective manner.
The production of your bill of materials to the automatic reordering of materials when stock is low are all managed by, for instance, the Odoo ERP software. Your items can be tracked all the way back to the component parts' lot number thanks to traceability. ERP software guarantees that your financials are precisely automatically recorded to measure cost and profitability because of its connection to sales and accounting. ERP software manages and automates crucial production tasks thanks to these and a number of other features.
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your broiled swordfish has a food cost of $7.50, and you're targeting a food cost of 33% on this expensive dish. what will the final selling price be?
Answer:
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is FCP = FC/SP x 100.
Explanation:If you set your par for 5 jars of mayonnaise, and you only have 2 on the shelf, you know you need to order 3 more.
FCP = FC/SP x 100 is the formula for food cost percentage (FCP) given selling price (SP) and food cost (FC)
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is
the input that is used to purchase the item. If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer
Therefore, the formula for food cost percentage (FCP) is given the selling price (SP) and food cost (FC).
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(a) if profit is revenue minus cost, find an expression for the profit from the production and sale of x units.
Gross earnings represent the income or income remaining after the product prices were subtracted from sales. revenue is the quantity of income generated from the sale of a company's goods and services.
Solution:
Revenue ( R) = 335x
Cost ( C) = 80x + 18,000
a) Profit = Revenue(R) - Cost(C)
= 335x - ( 80x + 18,000)
= 335x - 80x - 18,000
= 255x - 18,000.
If 4,000 units are sold then,
Profit(P) = 255(4,000) - 18,000
= 10,20,000 - 18,000
= $10,02,000.
profit is revenue minus fees. For gross profit, you subtract a few fees. For net earnings, you subtract all fees. Gross income and working income are steps on the street to net earnings. internet income Margin additionally referred to as income Margin or net earnings Margin Ratio is an economic ratio used to calculate the proportion of earnings a company produces from its overall sales. It measures the number of internet earnings an organization obtains consistent with a dollar of revenue won.
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chloe receives her first paycheck for working as a pretzel vendor. to which of the arrows does this transaction directly contribute?
The arrows show how Chloe's first earnings from her job as a pretzel vendor will directly benefit C and D.
The correct option is B.
What exactly is a business transaction?An executed contract between a seller and a buyer to exchange goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.
What does an accounting transaction mean?Any financial business event that has an impact on a company's financial statements is referred to as a transaction in accounting. Numerous items arrear numerous items that are transactions because transactions include occurrence that has a monetary impact on one's financial records.
What sort of transaction is that?These four types of financial transactions are:
A. sales
B. purchases,
C . receipts,
D. payments.
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Chloe receives her first paycheck for working as a pretzel vendor. To which of the arrows does this transaction directly contribute?
A. A only
B. C and D
C. C only
D. A and B
Which best describes a scholarship?
Hey!
A scholarship is an aid given to a student by an institution. A scholarship is the financial help provided by the institution to a student. These are a means of help to the students to encourage in further studies and researches. Financial aids and awards are given to the students who qualify the criteria. Some disabled individuals, disabled parents with children, or people who can't afford any other extra activities or advancements. Scholarship is an encouraging effort taken by the institution or government to help the students engage more on academic fields. Monetary awards and waving off the fees are the two ways by which scholarships are provided. Some people may recieve scholoships for dance or any sport, career wise, military, and many more. This is a very helpful tool for many people.
Hope this helps! Have a great day! :)
Answer: A financial award that does not need to be paid back.
Explanation:
Of all the strategies for reaching global markets, offers the least amount of commitment, control, risk, and profit potential.
We can actually deduce here that of all the strategies for reaching global markets, licensing offers the least amount of commitment, control, risk, and profit potential.
What is licensing?
In business, licensing is actually known as the process of obtaining permission from a company who is known as licensor in order to manufacture and sell some of their products. It can be to sell or manufacture one or more of their products within a defined market area.
The company which gets this right or license is known as the licensee and they pay royalty fee to the licensor.
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ms. pike, who lives in california, traveled to oregon to purchase gold jewelry for $20,000. california has a 7.25 percent sales and use tax, while oregon has no sales and use tax.
Pike owes $1200 in taxes is she the purchase $16,000 in Oregon and owes $820 in transactions if she purchase $16,000 in Oergon.
What is taxes?Whether municipal, regional, or federal, taxes are mandated payments made by individuals or businesses to the government. Government programs like Social Security and Medicare as well as public infrastructure and services like roads and schools are funded by tax income.
Taxes are borne by whoever bears the cost of the tax, whether this is the entity being taxed, such as a business, or the final users of the items produced by the firm. Taxes of all kinds, including payroll taxes, federal and state income taxes, and sales taxes, need to be taken into account from an accounting standpoint.
The government collects taxes as a required contribution.
Federal income taxes in the US are collected by the Internal Revenue Service (IRS).
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a lien that applies to all of one's real and personal property is a: select one: a. voluntary lien b. mechanic's lien c. general lien d. specific lien
A lien that applies to all of one's real and personal property is a Specific lien.
A lien placed against real or personal property to pay off a debt or duty that typically arises out of the law Our house had a lien from the bank. the security interest or lien that a mortgage creates.
Bank, real estate, and tax liens are the three basic categories of liens. Property contracts must be honoured when it comes to property. The lender has the legal authority to sell the property as well as confiscate it if the contract is not honoured.
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do individual investors drive post-earnings announcement drift? direct evidence from personal trades
We find no evidence from personal trades that individual trading explains the concentration of drift at later earnings announcement dates.
Personal Trades
Personal Trades denotes the purchase or sale of Securities by an Access Person for any account in which they hold Beneficial Ownership, or any account "managed" by an Access Person that is not an advisory client of the Firm. An account is "Controlled" by an Access Person, who decides what Securities transactions will be carried out for the account, either by giving suggestions to the account owner or by directly executing orders with the broker handling the account. A trade for an advise client of the Firm will never be considered a Personal Trade.
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what information regarding an entity's future cash flows are investors and lenders interested in? (select all that apply.)
what information regarding an entity's future cash flows are investors and lenders interested in amount, timing, uncertainty.
What is cash flows?
The net balance of money coming into and going out of a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.
Therefore,
Information regarding an entity's future cash flows are investors and lenders interested in amount, timing, uncertainty.
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4. if stefany's liabilities increased by $10,000 and equity decreased by $6,000, assets must have by $
If Stefany's liabilities increased by $10,000 and equity decreased by $6,000, assets must have by $4,000 increase.
In finance, equity is ownership of assets that may be associated with liabilities or other liabilities. Equity is determined for accounting purposes by subtracting liabilities from the value of assets.
What is the true meaning of equity?
Equity is defined as ,war "the state, quality, or ideal of being fair, impartial, or just." The concept of equity is synonymous with fairness and justice. It is helpful not to think of equity simply as a desirable state or a high value.
What is an example of equity?
Equity can be calculated by subtracting liabilities from assets and can refer to a single asset such as a company. B. Applies to real estate, or companies. For example, if someone owns a $400,000 house and has a mortgage of $300,000, the $100,000 difference is equity.
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Defining the problem and research objectives is the __________ step in the marketing research process.
Defining the problem and research objectives is the first step in the marketing research process.
What is marketing research process?The marketing research process can be described as the six-step process which entails how the problem of the research is been defined as well as how it is being studied.
After this , the best upon, approach to take, formulation of research design, will now followed, in this case we can conclude that Defining the problem and research objectives is the first step in the marketing research process.
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