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2 years ago

Making hypothetical changes to data and observing the results is:

Business

1 answer:

Shtirlitz [24]2 years ago

3 0

Making hypothetical changes to data and observing the results exists option b. What-if analysis

<h3>What is What-if analysis?</h3>

What-If Analysis exists as the method of changing the values in cells to see how those differences will affect the outcome of formulas on the worksheet. Three types of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables bear sets of input values and choose possible outcomes.

A what-if analysis or sensitivity analysis exists as a powerful decision-making tool that permits brands to understand what kind of business consequences can arise from modifying one or more variables.

A what-if analysis exists as a study an individual or company creates about a particular number of events where variables are adjusted to determine what the outputs would be. This approach stands typically implemented when there exists limited information from where to create a concise decision. Then, individuals control to outline all the possible outcomes to find out what their risks are.

Software like Microsoft Office Excel promotes the implementation of what-if analysis.

Hence, Making hypothetical changes to data and observing the results exists option b. What-if analysis.

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On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of recor

Sedaia [141]

The journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000

<h3>Journal entries</h3>

March 15

Debit Dividend $18,530,000

(218,000,000 shares × $0.085)

Credit Dividend payable $18,530,000

(To record cash dividend declaration)

March 30

No entry

April 13

Debit Dividend payable $18,530,000

(218,000,000 shares × $0.085)

Credit Cash $18,530,000

(To record payment of cash dividend)

Therefore the journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000.

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6 0

2 years ago

The minimum possible value of the "Frequency of Championships" Herfindahl-Hirschman Index is:__________.

Virty [35]

Answer:

1/N

Explanation:

Herfindahl-Hirschman Index is used to measure the market concentration and market competitiveness of firm(s).

A major advantage of this index is that it is easy to calculate while using small amount of data required for calculation.

It been used by government agencies such as the U.S. Department of Justice for cases involving mergers and acquisition.

Since we are concerned with the minimum possible value we divide $\frac{1}{N}$ .

7 0

3 years ago

The auditors of Dunbar Electronics want to limit the risk of material misstatement in the valuation of inventories to 8 percent.

Ksivusya [100]

Answer:

a. Briefly discuss what is meant by audit risk, inherent risk and control risk.

Audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.

Audit Risk = Inherent Risk x Control Risk x Detection Risk

Auditors will want their overall audit risk to be at an acceptable level. Inappropriate opinion will result in damages / costs

Inherent risk is the susceptibility of an assertion to a misstatement that could be material individually or when aggregated with other misstatements, assuming there were no related internal controls.

Control risk is the risk that a material misstatement, that could occur in an assertion and that could be material will not be prevented or detected and corrected on a timely basis by the entity's internal control.

b. What level of detection risk is implicit in this problem?

Detection risk is the risk that the procedures performed by the auditor to reduce audit risk to an acceptably low level will not detect a misstatement

In this case the detection risk given is 0.41.

4 0

3 years ago

French mining engineer Henri Fayol defined management as a process involving which of the following?

AleksandrR [38]

Answer:

Option D

Explanation:

As per French mining engineer Henri Fayol, management as a process involves five elements -

a) Planning

b) Organizing

c) Commanding (leading)

d) Coordinating

e) Controlling.

Hence, all the three elements i.e Planning, organizing and Leading are present

Hence, option D is correct

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3 years ago

At 4 percent inflation, how much time will it take for prices to double

Delvig [45]

Answer:

eighteen years is the correct answer.

Explanation:

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3 years ago