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stich3 [128]
2 years ago
15

Communications with management regarding the scope and timing of an audit engagement should?

Business
1 answer:
Keith_Richards [23]2 years ago
5 0

Communications with management regarding the scope and timing of an audit engagement should be made to the  internal control over financial reporting.

<h3>What must management communicate to the audit committee?</h3>

In regards to an integrated audit, the factor that need to be communicated by management to the audit committee is that  Management need to pass across both material weaknesses as well as vital deficiencies to the audit committee.

Therefore, after that has been done, Communications with management regarding the scope and timing of an audit engagement should be made to the  internal control over financial reporting.

Learn more about financial reporting from

brainly.com/question/13466343
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Which is likely to have the larger effect on the CPI, a 2 percent increase in food or a 3 percent increase in diamond rings?
matrenka [14]

The 2 percent increase in the price of food will increase the CPI by more because theportion of the market basket consisting of food is much larger than the portion consisting of diamond<span>rings</span>
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Consumer tastes and Preferences:Diets Promote Low Car Craze(low carbohydratefood). What happens to the demand for pasta (a high
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Wendell’s Donut Shoppe is investigating the purchase of a new $47,300 donut-making machine. The new machine would permit the com
UNO [17]

Answer:

COnsider the following calculations

Explanation:

1.  $

Annual Savings in Part-time help 6300

Added Contribution Margin from expanded sales 2600x1.50 3900

Annual Cash Inflows 10200

2.

NPV @ 5%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [10200x 5.076] - 47300

= $4475

NPV @ 10%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [10200x4.355] - 47300

= -$2779

Internal Rate of Return = Lower Rate + [Lower rate NPV/ (Lower rate NPV - Higher rate NPV] x Difference in rates

= 5 + [4475 / (4475+2779)] x 5

= 8%

3. NPV @ 5%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [(10200x 4.355) + (12000x0.564)] - 47300

= $3889

NPV @ 15%

= [(10200x 3.784) + (12000x0.432)] - 47300

= -$3519

Internal Rate of Return = Lower Rate + [Lower rate NPV/ (Lower rate NPV - Higher rate NPV] x Difference in rates

= 10 + [3889 / (3889+3519)] x 5

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4 0
3 years ago
_____________ is by far the most popular target for american franchisors seeking to establish franchises in other countries.
Ostrovityanka [42]
Canada is by tar the most popular target for american franchisors seeking to establish franchises in other countries. Canada is a great market for franchisors because it's close/easy to travel to. They have a large market and are similar to the U.S. with their expansion and growth as an economy. 
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4 years ago
Billy Bob's Barber Shop knows that a 5 percent increase in the price of their haircuts results in a 15 percent decrease in the n
Gala2k [10]

Answer:

Option (B) is correct.

Explanation:

Given that,

Percentage increase in price = 5%

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Therefore,

Elasticity\ of\ demand=\frac{percentage\ change\ in\ quantity\ demanded}{percentage\ change\ in\ price}

Elasticity\ of\ demand=\frac{15}{5}

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Hence, elasticity of demand facing Billy Bob's Barber Shop is 3.0

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