Inherent risk refers to the risk that exists in a company's financial statements even if the company has a good control environment. This risk is associated with factors that are beyond the company's control and can affect the accuracy of its financial statements.
Factors that are associated with higher inherent risks in audits include:
1. Complexity of transactions - complex transactions involving multiple parties or complex financial instruments are more likely to be subject to errors or misstatements.
2. Volatility of the industry - companies operating in industries with high volatility such as the technology industry or commodities markets may be subject to sudden changes in their financial position which can increase inherent risk.
3. Lack of internal controls - companies with weak internal controls are more likely to have errors or misstatements in their financial statements.
4. New or unfamiliar accounting standards - companies that are not familiar with new or unfamiliar accounting standards may be at a higher risk of misapplying them in their financial statements.
In summary, inherent risk refers to the risk that exists in a company's financial statements even if the company has a good control environment. Factors that are associated with higher inherent risks in audits include complexity of transactions, volatility of the industry, lack of internal controls, and new or unfamiliar accounting standards.
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In+a+survey+conducted+on+an+srs+of+200+american+adults,+72%+of+them+said+they+believed+in+aliens. +give+a+95%+confidence+interval+for+percent+of+american+adults+who+believe+in+aliens
Based on the size of the sample, the 95% confidence interval for American adults who believe in aliens is (0.6577719, 0.7822281).
What is the confidence interval?With a 95% interval, we can find the Z score using the Z table to be 1.96.
The 95% interval here would therefore be:
Lower limit:
= (Proportion that believes in Aliens - 1.96 x √((Proportion that believes in aliens x Percentage that doesn't)) / Sample size
= 0.72 - 1.96 x √((0.72 * 28) / 200)
= 0.6577719
Upper limit:
= 0.72 + 1.96 x √((0.72 * 28) / 200)
= 0.7822281
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All of the following characteristics tend to increase a person's risk-taking tendencies except O education O wealth O income O old age
Old age tends to decrease a person's risk-taking tendencies, so the statement that "All of the following characteristics tend to increase a person's risk-taking tendencies except old age" is true.
Research has shown that education, wealth, and income tend to be positively correlated with risk-taking tendencies. People who are more educated and have higher income or wealth tend to have more resources and confidence to take risks. On the other hand, older adults tend to be more risk-averse due to their life experience and concern for preserving their financial security.
As people age, they may become more cautious and conservative in their decision-making, preferring to stick with what they know and avoid risky investments or behaviors. This is because they have accumulated more life experience, and have a greater understanding of the potential consequences of risky decisions.
Overall, while education, wealth, and income tend to increase a person's risk-taking tendencies, old age tends to decrease them.
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direction match the word one column a with its meaning in column b writer answer on your activity notebook
A.
1.Sanitation.
2.health
3.prevent
4.Alternative
5.veterinarian
6.quarantine
7.market demand
8.livelihood
9.benefit
10.hazard
B.
a.to keep from happening
b.the doctor specializing in the care and health of animals
c.cleanliness
d.based on the need of buyers and consumers
e.a means of support; occupation
f.danger;risk
g. advantage;useful
h.free from disease;sound body condition
I.isolate
j.to take the place of;substitute
Answer:
1-c,2-h,3-a,4-j,5-b,6-i,7-d,8-c,9-g,10-f
Explanation:
should be right.
what traits and characteristics you believe an
effective leader should possess?
Answer:
Most of the other leadership abilities that just about every manager will now have to continue living out his show potential were also provided elsewhere here.
Explanation:
A vision would be a straightforward visual representation about who you should become what you'd like to do that at a predefined point down the road. A careful company recognizes that communication brings happiness to a perception. Listening would be as meaningful as having a conversation, as well as an excellent president, pays attention more often than trying to talk.list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
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If you have a choice of questions to answer on an essay test, which questions should you answer first? a. The questions that you know a lot about so you can then focus on the more difficult ones c. The ones that are worth the fewest points because you can finish those quickly b. The questions which call for a 5 paragraph essay because those are easiest to outline d. Any of these Please select the best answer from the choices provided A B C D
The questions that you know a lot about in an essay so you can then focus on the more difficult ones. Thus, A is the correct option.
What is an essay?An essay is a written piece of work that presents a writer's argument, viewpoint, or analysis of a particular topic. It is usually written in a formal or academic style and is intended to persuade or inform the reader.
Narrative essays: These essays tell a story or describe a personal experience.
Descriptive essays: These essays provide vivid details and sensory information about a particular object, place, or event.
Expository essays: These essays explain or describe a topic, providing relevant facts and examples to support the writer's point of view.
Persuasive essays: These essays present an argument or viewpoint and aim to persuade the reader to accept the writer's position.
Argumentative essays: These essays present a well-reasoned argument or analysis of a topic, presenting evidence and counterarguments to support the writer's position.
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in 2020, there were 150 million more social network users worldwide than before the pandemic.True or False
It is true. In 2020, there will be 150 million more social network users worldwide than before the pandemic.
What are main types of social networks?There are following types of social media, which can be categorized in different ways, include social networking, bookmarks, social messaging, media sharing, microblogging, and online forum sites.
Who are your social media users?According to research studies, there are four categories of social media users: Professional, Sharer, Creator, Bonder.
What are social networks used for?Social networks are websites and apps that enable people and organizations to connect, communicate, share information, and build relationships. People can connect with other people in similar area, family, friends, and individual with similar interests. Social networking is one of the most important uses of the Internet today.
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steel, inc. has a margin of safety in dollars of $559,740. if actual sales were $2,946,000, steel's margin of safety percentage is
Steel, Inc.'s margin of safety percentage is 18.96%.
This is calculated by subtracting the margin of safety in dollars ($559,740) from the actual sales ($2,946,000) and dividing it by the actual sales.
In other words, the margin of safety percentage represents the amount of actual sales remaining after subtracting the margin of safety in dollars.
For Steel, Inc., that would be $2,386,260 ($2,946,000 - $559,740) divided by $2,946,000, which equals 18.96%.
This number is important because it tells us how much room the company has to increase sales before it starts to experience losses.
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Dollar Cinema promises to pay Irving $1,000 to repair and clean its marquee. The act of doing this work is'
Dollar Cinema promises to pay Irving $1,000 to repair and clean its marquee. The act of doing this work is consideration.
Consideration refers to payment made by one party to another during an exchange of valuable product or service. For instance, if a person is willing to buy a bicycle from another person who is willing to sell it at a decided price. It also includes payment for property, forbearance, and obligation.
Consideration is quantitative as it is in exchange of the commodity. Business contracts are valid only when they have consideration in it. It is defined as a benefit that a party will get while entering into the contract for transaction.
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To some people, speaking in public is not a stressor.
A. True B. False
Answer:
A. true
Explanation:
because of their experiences
Answer:
A. true
Explanation:
linda and raj are engaged to be married. linda's 2022 taxable income as a single individual would be $212,000. raj's 2022 taxable income as a single individual would be $418,000. when they marry before the end of 2022, how much of a marriage penalty will they incur? multiple choice $0 $119 $599 none of these choices are correct
When Linda and Raj marry before the end of 2022, they will incur none of these choices are correct as a marriage penalty.
A marriage penalty occurs when the combined tax liability of a married couple is higher than their combined tax liability as two single individuals. However, starting in 2018, the U.S. tax code was revised to reduce the marriage penalty for most income levels.
To determine the marriage penalty, we would need to compare their combined tax liability as a married couple to the total tax liability they would have paid as single individuals. However, without information on their deductions, credits, and other tax factors, it is not possible to calculate the exact amount of the marriage penalty. Nevertheless, based on the given information, we cannot conclude that they will incur a marriage penalty, as the specific calculations would depend on their individual circumstances and the tax laws in effect for the given year.
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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If you see the letters "wh” on your paycheck, what do they stand for?
1. Discuss the type of employees for which the application of Scientific Management work best (determine/understand purpose of Scientific Management to determine who it works best for) 2. Explain how to address the problems defined in the video using Scientific Management. 3. Discuss what can be done to fix these problems using Scientific Management.
The type of employees for which the application of Scientific Management Theory will work best are those who work as part of a production line; or those who work in a manufacturing plant.
What is the key purpose of Scientific Management?The key purpose of Scientific Management is to enhance the economic efficiency of the production process, especially the aspect that is related to the productivity of labor.
Hence, it is correct to state that the type of employees for which the application of Scientific Management Theory will work best are those who work as part of a production line; or those who work in a manufacturing plant.
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Each citizen has a list of actions which they may do freely. These are referred to as _____. a. Obligations b. Responsibilities c. Rights d. Citizenship Please select the best answer from the choices provided
The correct answer is c. Rights refer to the entitlements and freedoms that individuals possess, which allow them to act or behave in certain ways without interference or infringement from others or the government. These rights are often protected by law or enshrined in constitutions and charters.
They are inherent to every individual by virtue of their humanity or citizenship and are essential for the preservation of personal autonomy, dignity, and well-being. Rights encompass various aspects such as freedom of speech, religion, assembly, and the right to life, liberty, and property. They form the foundation of democratic societies, ensuring that individuals have the freedom to exercise their choices and pursue their own interests within the bounds of the law.
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Krell Industries has a share price of $21.99 today. If Krell is expected to pay a dividend of $0.88 this year and its stock price is expected to grow to $23.38 at the end of the year, what is Krell's dividend yield and equity cost of capital?
Krell Industries has a dividend yield of approximately 3.99% and an equity cost of capital of approximately 6.82%.
The dividend yield represents the return on investment from dividends relative to the current stock price. It is calculated by dividing the annual dividend per share by the current stock price.
In this case, the dividend per share is $0.88, and the stock price is $21.99. Therefore, the dividend yield is:
Dividend Yield = Annual Dividend / Stock Price
Dividend Yield = $0.88 / $21.99
≈ 0.0399 or 3.99%
The equity cost of capital represents the required rate of return for an investor to hold the stock. It is calculated using the dividend growth model, which takes into account the dividend, dividend growth rate, and the expected stock price.
Using the dividend growth model, we can calculate the equity cost of capital as follows:
Equity Cost of Capital = (Dividend / Stock Price) + (Expected Growth Rate)
In this case, the dividend is $0.88, the stock price is $21.99, and the expected growth rate is calculated by subtracting the current stock price from the expected stock price and dividing it by the current stock price:
Expected Growth Rate = (Expected Stock Price - Current Stock Price) / Current Stock Price
Expected Growth Rate = ($23.38 - $21.99) / $21.99
≈ 0.062 or 6.2%
Equity Cost of Capital = ($0.88 / $21.99) + 0.062
≈ 0.0399 + 0.062
≈ 0.0682 or 6.82%
Therefore, Krell Industries has a dividend yield of approximately 3.99% and an equity cost of capital of approximately 6.82%.
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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to?
Sufficient technology
Uncompetitive products
Economies of scale
Adequate information
Answer:
Adequate information
Explanation:
Both the buyers and sellers must have access to adequate information. Information are both vital for both the buyers and sellers. For the buyer, it influences their decision making and buying choice. For the seller, it helps them to know the trending buyer need. Hence, for a perfectly competitive market to function well, the buyer and seller must have access to adequate information.
what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
Answer:
Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.
However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.
J. Jackson invested $1,000 in his business in exchange for common stock. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Debit Investments; credit Cash. Debit Cash; credit Revenue. Credit Cash; debit Common stock Debit Cash; credit Common stock
Based on the information given the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
T-accounts:
Since $1,000 was invested in the business in exchange for common stock which means that we are going to debit cash with the amount of $1,000 and credit common stock with the amount of $1,000.
Hence, the T-account will show:
Debit Cash $1,000
Credit Common stock $1,000
Inconclusion the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
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Tiana has strong communication skills, she is a hard worker, and she has a strong background in math and statistics. What can she do to strengthen her chances of securing a job as a market research analyst? A. She can improve her hard skills by working collaboratively with other people. B. She can improve her hard skills by learning software used by market research analysts. C. She can improve her soft skills by taking extra courses in computer science D. She can improve her soft skills by pursing a degree in statistics.
Answer:B
Explanation: just took the quiz
To strengthen her chances of securing a job as a market research analyst, she can improve her hard skills by learning software used by market research analysts.
What is market research analyst?Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables.
They assist businesses in determining what goods consumers want, who will purchase them, and how much they will cost. Data will be gathered by a market research analyst utilizing a number of technique.
They might conduct focus groups to get feedback on a new product or conduct statistical analyses to learn more about consumer behavior and the state of the market.
The appropriate response is option B.
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the responsibility for keeping the records for an asset should be separate from the physical custody of that asset true falsw
The answer is false. The separation of custody and accounting of assets is known as segregation of duties, not shielding assets and records. This is one of the interior controls that should be carried out to forestall extortion and blunders.
Segregation of duties is indispensable in an arrangement of inside control.
The reasoning for segregation of duties is that crafted by one representative ought to, without a duplication of exertion, give a solid basis to assessing crafted by another worker.
There are two normal utilizations of this guideline:
1. The obligation regarding related exercises ought to be doled out to various people.
2. The obligation regarding record keeping for a resource ought to be independent from the physical custody of a resource.
Related Exercises - When one individual is liable for the connected exercises as a whole, the potential for blunders and inconsistencies is expanded.
· Related buying exercises ought to be allocated to various people. Related buying exercises incorporate requesting merchandise, getting products, and paying (or approving installment) for merchandise.
· Related deals exercises likewise ought to be doled out to various people. Related deals exercises incorporate making a deal, transporting (or conveying) the products to the client, and charging the client.
Record Keeping Separate from Physical Custody - The overseer of the resource is not prone to change the assets over completely to individual use assuming one worker keeps up with the record of the resource that ought to be on hand and an alternate representative has physical custody of the resource.
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The right to receive a proportionate share of any assets remaining after the corporation goes out of business, sells its assets, and pays off its liabilities is the right of.
Liquidation is the right to receive a proportionate share of any assets remaining after the corporation goes out of business, sells its assets, and pays off it liabilities
When a corporation stops operating and is deregistered, its assets are sold as part of the liquidation process. The assets are sold to satisfy the claims of the shareholders and creditors, among other parties. When a business becomes insolvent and is unable to continue operating, it goes through the liquidation process.
Liquidation may be either required or optional. The phrase "liquidation" is also used to indicate that a business is prepared to sell some of its assets. For instance, a chain of retail stores might want to close part of its locations.
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Describe ways that employee ethics can affect a company
Answer:
they can affect the company in different ways
Explanation:
so they can affect either negativly and positivly so it could go both ways
Answer: Employees make better decisions in less time with business ethics as a guiding principle; this increases productivity and overall employee morale. When employees complete work in a way that is based on honesty and integrity, the whole organization benefits.
Explanation:
describe reasons and steps you would take to implement safe for an organization. also, what insights led you to believe that these might work and why is this a sustainable competitive strategy?
Implementing safety measures in an organization involves conducting risk assessments, developing comprehensive safety policies and procedures, and providing regular training to employees.
Implementing safety measures in an organization is crucial to protect the well-being of employees, safeguard company assets, and ensure regulatory compliance. To achieve this, the following steps should be taken:
1. Conduct risk assessments: Begin by identifying potential hazards and assessing the level of risk associated with each. This can involve inspecting work areas, reviewing accident reports, and engaging employees in the process to gain valuable insights. By understanding the risks, appropriate preventive measures can be implemented.
2. Develop safety policies and procedures: Create clear and concise safety policies that outline the organization's commitment to maintaining a safe work environment. Establish procedures for reporting incidents, handling emergencies, and addressing potential safety hazards. These policies and procedures should be communicated effectively to all employees to ensure compliance.
3. Provide regular training: Training sessions should be conducted regularly to educate employees about safety protocols and best practices. This includes training on emergency response procedures, proper use of equipment, and awareness of potential workplace hazards. Ongoing training ensures that employees are well-informed and equipped to prioritize safety in their daily tasks.
By implementing these steps, an organization demonstrates its commitment to prioritizing the safety of its employees and stakeholders. It not only reduces the risk of accidents and injuries but also fosters a culture of safety, which can lead to increased productivity, employee satisfaction, and overall organizational success. Moreover, by complying with safety regulations and industry standards, the organization can mitigate legal and financial risks associated with non-compliance.
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What effect do communication skills have on ability to pursue
Answer:
you. dummy joking I. don't know
why the pattern of employment in a country may change over time？（essay question）
Answer:It would most likely change overtime because technology is being advanced.
Explanation:
choose the tag pair configures text to be indented from both the left and right margins
The HTML tag pair that configures text to be indented from both the left and right margins is called the tag pair. It is often used to create a section of quoted text that is indented on both sides.
When you want to apply this formatting to a section of text, you simply need to surround the text with the tag pair, and it will automatically add the appropriate indentation to your text.
The tag pair is a commonly used HTML tag for formatting text, especially in cases where you want to emphasize a quote or a citation.
With the use of the tag pair, you can easily create a visually appealing layout for your text and make it more readable and easier to understand.
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As a business owner, what are the costs and benefits of moving half your production abroad?
As a business owner, the costs and benefits of moving half your production abroad involve financial expenses, labor, logistics, and market access. Costs may include higher transportation expenses, potential legal and regulatory hurdles, and possible cultural and communication barriers. Benefits can include access to lower labor costs, increased global market reach, and potential tax incentives.
Detailed answer: The costs of moving half your production abroad involve various aspects, such as:
1. Financial expenses: Initial investment to set up production facilities in a foreign country, as well as ongoing operational costs.
2. Transportation and logistics: Higher shipping costs and increased lead times due to distance and potential customs delays.
3. Legal and regulatory hurdles: Compliance with local laws and regulations, which may differ significantly from your home country.
4. Cultural and communication barriers: Differences in language, business practices, and cultural norms may lead to misunderstandings and require additional training and support.
On the other hand, the benefits of moving production abroad include:
1. Lower labor costs: Access to a more affordable workforce can result in significant cost savings.
2. Global market reach: Expanding production to another country may facilitate entry into new markets and provide access to a broader customer base.
3. Tax incentives: Some countries offer tax breaks and incentives to attract foreign investment, which can reduce the overall costs of production.
4. Diversification: Operating in multiple locations can help mitigate risks associated with political, economic, or environmental factors in any single country.
In conclusion, moving half your production abroad has both costs and benefits that a business owner must carefully consider based on their unique circumstances and objectives.
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