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Vanyuwa [196]
2 years ago
12

which one of the following is a potential problem with management's comunication of financial information that causes third part

ies to desire the independent auditor's assessment of the financial statement presentation
Business
1 answer:
Otrada [13]2 years ago
7 0

Complexity of transactions affecting the financial statements and

Remoteness of the user from the organization

<h3>What is financial statement?</h3>

The business operations and financial performance of an organization are described in financial statements, which are written records. To ensure accuracy and for tax, financing, or investing purposes, financial statements are frequently audited by government entities, accountants, corporations, etc.

The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements for for-profit entities. Financial statements are used by nonprofit organizations, although they are similar.

Financial statistics are used by investors and financial analysts to assess a company's performance and forecast the course of its stock price in the future. The annual report, which includes the company's financial statements, is one of the most crucial sources of accurate and audited financial data.

Learn more about financial statements

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4 0
3 years ago
Lee worked 22 hours this week and made $132. if she works 15 hours next week at the same pay rate, how much will she make?
Bogdan [553]
You do:

132 divided by 22 to calculate the daily wage. The answer is 6. Next you do 15x6 which equals 90. Therefore, the answer is $90
6 0
3 years ago
Discuss briefly how each of the following changes would affect the natural rate of unemployment.
Mariana [72]

Answer:

a. Schools operate for the full year, so no students are looking for summer work.

This will cause that the total labor force decreases, so the natural rate of unemployment will decrease. The natural rate of unemployment includes only structural and frictional unemployment. Since no students will look for summer jobs, then frictional unemployment will decrease, therefore, total natural unemployment will decrease also.

b. The Internet lists all the jobs available in the whole country, so it is easier for job seekers to locate potential jobs.

This will help to decrease structural unemployment which will in turn decrease the natural rate of unemployment. Structural unemployment happens when an unemployed individual cannot find a job that fits his/her skills. Internet job postings will make it easier for unemployed people to find jobs that match their skills.

c. People who quit their jobs are drafted into low-wage community-service jobs.

This should reduce frictional unemployment (which reduces the natural rate of unemployment), since frictional unemployment is made up of people that quit their jobs in order to search a better job or are looking for their first job ever. If people realize that quitting their current jobs will result in them being drafted into low wage jobs, less people will quit their jobs. This doesn't mean that they will stop searching for a better, it means that they will continue searching for a better while still employed.

d. In addition to unemployment insurance, the unemployed receive a bonus for finding new jobs; the bonus is greater if the job is found in the first few weeks of search and declines with the duration of search.

This should motivate people to get any available job as quick as possible. Sometimes a person that is fired will not accept possible jobs because they consider that they can get a better job, so they decide to wait until they get the job that they want. If a bonus is given, a lot of people will be motivated to accept any new job that they can find as long as it allows them to collect the bonus. This doesn't mean that they will quit looking for their dram job or the job that they deserve, it means that they will be working while doing so. This should decrease the natural rate of unemployment.

4 0
3 years ago
Country risk included in the risk premium in interest rates refers to the:
NISA [10]

Answer:

The correct option here is B) the probability of loans not getting repaid in some countries because of political upheaval.

Explanation:

The risk premium is a return on investment that one expects it will yield, this is the return which is in excess of risk free rate of return.

In the risk premium for interest rate it includes both country risk and future exchange rate changes. Where country risk refers to a situation where there is a good chance that loans in some countries won't be repaid due to the political upheaval.

8 0
3 years ago
Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D
Olenka [21]

Answer:

A. capitalize capitalize

Explanation:

All the expenses incurred to make the asset usable are capitalized and those expenses become the part of cost of that assets for which that are incurred. Interest on debt to purchase an asset and in case to construct the asset both are capitalized, because these expenses are essential to make assets usable for the business.

6 0
3 years ago
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