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Vanyuwa [196]
1 year 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]1 year 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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If the debtor continues not to pay the underlying debt, the creditor can foreclose on the debtor's real property to collect the amount due.
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2 years ago
A low-interest loan for students who demonstrate financial need is a(n):
Paul [167]

The answer is: D. Direct Subsidized Loan

The main characteristic of a Direct Subsidized Loan is that the loan interest is set at a fixed rate by the government and would not be accrued. This means that even if the student in financial needs somehow late in making payments, the amount of his/her total loan would not be increased.




4 0
3 years ago
In order for the economy to be strong, individuals must a. produce goods and pay workers b. provide labor and pay workers c. pro
grin007 [14]

Answer:

The answer is C.

Explanation:

4 0
3 years ago
Read 2 more answers
1. If the number of consumers in the market for good A increases, what will happen to the equilibrium price and
ANTONII [103]

Answer: The correct answer is option B: Equilibrium price and quantity will both increase

Explanation: First and foremost, a definition of demand would be in order. Demand can be defined in simple terms as the quantity of goods or services that consumers are willing and able to buy at a given price and at a particular point in time. The law of demand states that, "All things being equal, the higher the price of a commodity, the lower the quantity demanded by the consumers, and the lower the price of the commodity, the higher the quantity demanded by consumers." This is theoretical and is the ideal situation for a rational consumer.

However, producers (sellers) are only willing to supply more if the price is higher (for the sake of profit of course) and are willing to supply less if the price is lower. This shows that there is an inverse relationship between both variables, that is, at a higher price the producer wants to sell more while the consumer wants to buy less, and at a lower price the producer wants to sell less while the consumer wants to buy more. It gets to a point where they both have to compromise and agree on a price suitable to both producer and consumer, and that in economics is the equilibrium price.

As shown in the attached diagram, the equilibrium price is P1, while the equilibrium quantity is Q1.

In economics theory, a number of factors are usually responsible for a change in the market demand and one of such is population. Take for instance, in a community with 1000 individuals making up the market demand for commodity A, an increase in the population to 1500 individuals would mean that the number of consumers has increased considerably. Consequently the market demand would also increase. However, there would be an excess of demand over supply, that is, the increased demand cannot be met by the current level of supply. Hence the appropriate response to the pressure shall be an increase in the price on the part of the producers. As shown in the diagram, the demand has now increased from D1D1  to D2D2 and the equilibrium price has also changed from P1 to P2. This is because, the increase in population that led to the increase in demand has now resulted in  a new equilibrium point as shown by the intersection of D2D2 and S1S1.

Therefore, the new equilibrium price is now P2 and the new equilibrium quantity is now Q2

4 0
2 years ago
Berne Retail plans to introduce new private-label brands for beverages. The marketing team will undertake a survey to obtain fee
grin007 [14]

<u>Answer</u>:

<u>Quantitative research</u>

Explanation:

Research methods are sub divided into two:

  1. quantitative and
  2. qualitative

Qualitative research is marked by only a deducing from the theories of others about the subject matter. While

Quantitative research method is characterised by numerical data which employs surveys and analysis of gathered data to gain first hand insight into the subject.

Note that,<u> in this scenario numerical data is involved since the data collected in the research study will be collated in terms of frequency of purchase and subjected to statistical analysis.</u>

5 0
3 years ago
Read 2 more answers
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