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2 years ago

This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.

1 answer:

7 0

The impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the exporters that want to sell their goods to foreign countries, and at this time the imports will become cheaper.

In this case, trade deficit will definitely bring about an inflow of foreign financial capital as well as a good exchange rate.

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michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed

nirvana33 [79]

In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.

<h3>What is Independence in this case?</h3>

The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.

Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.

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Full Question:

Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?

A) Tell his superiors as soon as he has decided whether or not to accept the offer.

B) Remove himself from the engagement as he considers the offer.

C) Pray for divine guidance.

D) If he decides to reject the offer, remove himself permanently from the engagement.

6 0

2 years ago

During this stage, customers are growing more aware of the product and its benefits

creativ13 [48]

Answer:

The entity is in its growth stage of its life cycle.

Explanation:

There are typically four stages in the life cycle of a business, the following list is arranged from when the company is new to when it starts falling:

1. Introduction Stage

2. Growth Stage

3. Maturity Stage

4. Decline Stage.

4 0

4 years ago

Suppose that Jane enjoys Diet Coke so much that she consumes one can every day. Although she enjoys gourmet cheese, she consumes

PilotLPTM [1.2K]

Answer:

The correct answer is option b.

Explanation:

Jane enjoys Diet Coke so much that she consumes one can every day.

She likes gourmet cheese as well but she consumes it sometimes.

If the price of Diet Coke rises, Jane decreases her consumption by only a very small amount.

But if the price of gourmet cheese rises, Jane decreases her consumption by a lot.

This is because, for Jane, diet coke is a necessity but cheese is a luxury good. So, when price increases the demand for diet coke will decrease by a little amount and demand for cheese will decrease by a great amount.

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3 years ago

What might you do to work with parents to find solutions that meet the needs of children, parents and caregivers when cultural i

Harrizon [31]

Since you are the professional here, I believe that you should talk to the parents and explain to them why your way is the better way. After all, you have studied various schools for dealing with children, and I'm assuming you know what you are doing, whereas the parents often do not. However, if they are not willing to listen to you, you can meet them half way - find a solution that will suit both your and the parent's wishes for the child.

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3 years ago

Lindsay needs to purchase a car. The car she is planning on purchasing costs $12,000 and she has $2,000 that she will be using a

adell [148]

a) To purchase the car, Lindsay will need to finance the dollar amount of <u>$10,000</u>.

b. In one year, the dollar amount of interest Lindsay will pay on loan is $300.

c. In two years, for Lindsay to finally OWN the car, the actual cost of the vehicle will be in dollars, that is (down payment + amount financed + 2 years interest = actual cost of the car) is <u>$12,600</u>.

<h3>What is a down payment?</h3>

A down payment is an initial payment made upfront for the purchase of an asset, which is being financed by another entity at a stated interest rate.

A down payment reduces the amount that is subject to the loan terms.

<h3>Data and Calculations:</h3>

Cost of a car = $12,000

Downpayment = $2,000

Car Loan = $10,000

APR = 3%

Interest for two years = $600 ($10,000 x 3% x 2)

Thus, since Lindsay is making a down payment of $2,000 for the car, she will finance $10,000 of the purchase costs.

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1 year ago