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1 year ago

12

a systematic and independent examination of project procedures, documentation, spending, statutory compliance, and reporting is

known as which one of the following?

1 answer:

7nadin3 [17]1 year ago

7 0

Answer:

Audit

<h3>What is an audit defined as?</h3>

Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance with requirements.
An audit can apply to an entire organization or might be specific to a function, process, or production step.

To learn more about it, refer

to brainly.com/question/28168942

#SPJ4

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Matt Newell, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views

Keith_Richards [23]

Answer:

Labor

Explanation:

Factor of production: There are several resources that are required in the process of production or running any business to meet the required goal of the business.

There are four factor of production:

Land
Labor
Capital.
Entrepreneurship.

In the given case, Matt Newell is an Entrepreneur as he has started a new helicopter tour company, for which he acquired land and capital from the loan, however, he has not to manage labor for his business. Labor is essential to run any business.

4 0

2 years ago

3. Raymond decides to set up a lemonade stand every weekend for the next four weeks to save up for the latest X-Men comic. He ha

Vladimir [108]

Answer:

It should listen to his mother.

Explanation:

This week cash flow handled the fixed cost of 10 to Raymond's brother.

His father is not considering that so it thinks the business flops.

Now that fixed cost are paid the following weeks his gains will increase entirely based on the sales volume so, it is better to continue the business for the next three weeks.

6 0

3 years ago

Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir

Brrunno [24]

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

4 0

3 years ago

Mikey W. Smitty, an emerging rapper, is getting ready to cut his first CD, called "Western Rap." He is looking for a production

Gekata [30.6K]

Answer:

(i) 900 CDs

(ii) Greater than; $1,650

Explanation:

(1) Break-event point will be when the contribution margin from total sales is equal to fixed costs,

Contribution Margin = Selling price - variable cost

= $(21.5 - 9.5)

= $12

Contribution Margin *Number of CDs sold = $10,800

Break-even point for Studio A = 10,800 ÷ 12

= 900 CDs

(2) Studio A would be more profitable when the extra profit earned from per unit sale of CD exceeds the extra fixed cost given in Studio A.

Extra Contribution margin in Studio A = $(12-10)

= $2

Extra Fixed cost in Studio A = $(10,800 - 7,500)

= $3,300

Studio A should be chosen if sales is greater than (3300/2) = $1,650.

4 0

2 years ago

Statement of retained earnings Hayes Enterprises began 2019 with a retained earnings balance of $ 928 comma 000. During 2019,

Temka [501]

Explanation:

a. The preparation of the statement of retained earnings for the year ended December 31, 2019 is presented below:

Hayes Enterprises

Statement of retained earnings

For the year ended December 31, 2019

Beginning balance of retained earning $928,000

Add: Net income $377,000

Less: Cash Dividend paid

Preference stock dividend -$47,000

Common stock dividend $210,000

Ending balance of retained earning $1,048,000

The common stock dividend is

= $928,000 + $377,000 - $47,000 - $1,048,000

= $210,000

b. The earning per share is

Earning Per share = (Net income - Preferred Dividends) ÷ (Average Common shares outstanding)

= ($377,000 -$47,000) ÷ (140,000 Shares)

= $2.36 per share

C. Dividend per share = Common Stock dividend ÷ Common Shares outstanding

= $210,000 ÷ 140,000 shares

= $1.50

8 0

3 years ago