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wlad13 [49]
2 years ago
7

When conducting an independent audit the accountant is to evaluate a company's financial statements and?

Business
1 answer:
Dmitry_Shevchenko [17]2 years ago
3 0

A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.

<h3>What is the main objective of the audit of financial statements?</h3>

The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.

External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.

To learn about financial statements visit the link

brainly.com/question/14951563

#SPJ4

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Economic models: A. are of limited use because they cannot be tested empirically. B. are limited to variables that are directly
Mamont248 [21]

Answer:

C. emphasize basic economic relationships by purposefully simplifying the complexities of the real world.

Explanation:

6 0
3 years ago
What is the relationship between the price level and the following components of aggregate demand. a. There is relationship betw
mojhsa [17]

Answer:

a. Negative

b. Negative

c. No

d. Negative

Explanation:

a. There is a negative relationship between price level and consumption. As the price level increases, the real money income and purchasing power of consumers decline. This causes their consumption spending to decline as well.  

b. There is a negative relationship between the price level and investment. A decline in the price level implies that the consumers will need a lesser amount of money. This will cause the demand for money to decrease. The leftward shift in the money demand curve will cause the interest rate to fall. At a lower interest rate, the investment will be higher.  

c. There is no direct relationship between the price level and government spending. An increase in government spending will increase aggregate demand. This, in turn, will cause the price level to increase. Though an increase in price level does not essentially cause government spending to increase.  

d. A higher price level will make domestic goods expensive as compared to imports. This will cause the imports of goods to increase and exports to decline. So an increase in price will cause the net exports to fall.

7 0
3 years ago
Which of the following proposes that job satisfaction has a positive effect on customer service, which flows on to shareholder f
mezya [45]

Answer:

Service profit Chain model

Explanation:

A service profit chain model is a theory that explains how the job satisfaction of employees influences the profitability(or profit making) of a company through indirect means such as service quality, customer loyalty, among other things.  

Cheers

7 0
3 years ago
Nataro, Incorporated, has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, an
LenaWriter [7]

Based on the information given the net income is $278,870.

<h3>Net income </h3>

Sales $742,000

Less Costs ($316,000)

Les Depreciation ($39,000)

EBIT $387,000

Less Interest ($34,000)

Taxable Inc. $353,000

Taxes (21%) $74,130

($353000×21%)

Net Income $278,870

($353,000-$74,130)

Inconclusion the net income is $278,870.

Learn more about net income here:brainly.com/question/15530787

3 0
2 years ago
__________ is a strategy based on the use of IT to reduce the costs associated with the product assembly process or the way serv
xeze [42]

Answer:

Flexible manufacturing

Explanation:

A flexible manufacturing system (FMS) refers to a manufacturing system that has a certain degree of flexibility to swiftly respond to unpredicted changes in the manufacturing orders and processes. FMS generally result in a increase in labor productivity and machine efficiency, as well as shorter lead times and increased production rate. If well executed, FMS should provide the same benefits as economies of scale but without the large scale production.

3 0
3 years ago
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