Answer: $6.705 million
Explanation:
Ms. Neon can speed up collections by 2 days so collection is faster.
She can slow down payments by 1/2 days so payments are slower.
Freed up cash is;
= (Cash receipts * Days sped up) + (Cash payments * days slowed down)
= ( 3.05 * 2) + (1.21 * 1/2)
= $6.705 million
Answer:
a. unlimited wants exceed limited resources.
Explanation:
Scarcity is a situation of having few resources to cater to many needs. The available resources such as finances, labor, land, and time cannot satisfy the need of a community. Due to scarcity, communities have to make choices on what needs to address at every moment.
Choices mean some sacrifices have to be made to fulfill certain needs. Human beings have unlimited needs. The available resources cannot meet all the needs in society. The existence of very may needs, and few limited resources give rise to scarcity.
Answer:
The answer is B. The audit opinion formulation process is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting.
Explanation:
<h2>The given statement is partially true.</h2>
Explanation:
A traditional cover letter consists of introduction, paragraph and it includes header, argument and closing.
Header:
- Your name, address, phone number and date
- The person addressed, contact details
Introduction:
- Salutation
- Introducing the communication
- writing about goals
Argument:
- Convincing and reinforcing the point
- Quote the importance
- Provide facts (if any)
Closure:
- Inform about the follow ups
- Re-insist the important factor
- Sign off with the signature
