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Mariana [72]
1 year ago
14

As stated in the audit report, or Report of Independent Accountants, the primary responsibility for a company's financial statem

ents lies with a. The owners of the company. b. Independent financial analysts. c. The auditors. d. The company's management.
Business
1 answer:
Alona [7]1 year ago
3 0

As stated in the audit report, or Report of Independent Accountants, the primary responsibility for a company's financial statements lies with the company's management.

Auditing refers to the official inspection and evaluation of a firm’s account, including its balance sheets and financial statements, usually by an independent body.

During an auditing process, various information regarding the company’s accounts, including revenues, expenditures, balance sheets, credit information, etc. has to be provided to the auditor. Provision of the financial statement of the firm is the special responsibility of the company’s management.

The management of a company includes those responsible for running the company and taking important decisions, including CEOs, CFOs, Human resource manager, etc.

To learn more about audit reports : brainly.com/question/3521529

#SPJ4

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Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Then inflation turns out to be low
Alla [95]

Answer:

1) False

when the inflation is lower than expected, the real interest rate will be higher, since

real interest rate = Nominal interest rate - inflation.

2) Gains

In case of unexpected lower inflation the lender gains and the borrower loses.This is because real value of the loan increases due to lower inflation.

3) Loses

In case of unexpected lower inflation the lender gains and the borrower loses.This is because real value of the loan increases due to lower inflation.

6 0
2 years ago
Read 2 more answers
A drop in the market price of a firm's common stock will immediately affect its:
Illusion [34]
It will directly affect its market capital
7 0
2 years ago
Question 1 (1 point)
olasank [31]
Yes, look for help, your store getting robbed!
7 0
3 years ago
What piece of U.S legislation acts as the primary authority on collective bargaining
kramer
The main body of law governing collective bargaining is the National Labor Relations Act (NLRA). It is also referred to as the Wagner Act. It explicitly grants employees the right to collectively bargain and join trade unions. The NLRA was originally enacted by Congress in 1935 under its power to regulate interstate commerce under the Commerce Clause in Article I, Section 8 of the U.S. Constitution. It applies to most private non-agricultural employees and employers engaged in some aspect of interstate commerce. Decisions and regulations of the National Labor Relations Board (NLRB), which was established by the NLRA, greatly supplement and define the provisions of the act.

The NLRA establishes procedures for the selection of a labor organization to represent a unit of employees in collective bargaining. The act prohibits employers from interfering with this selection. The NLRA requires the employer to bargain with the appointed representative of its employees. It does not require either side to agree to a proposal or make concessions but does establish procedural guidelines on good faith bargaining. Proposals which would violate the NLRA or other laws may not be subject to collective bargaining. The NLRA also establishes regulations on what tactics (e.g. strikes, lock-outs, picketing) each side may employ to further their bargaining objectives.

State laws further regulate collective bargaining and make collective agreements enforceable under state law. They may also provide guidelines for those employers and employees not covered by the NLRA, such as agricultural laborers.

3 0
2 years ago
Stratford Company purchased a machine with an estimated useful life of seven years. The machine will generate cash inflows of $9
Amiraneli [1.4K]

Answer:

The price o the machine is = $268,157.69

Explanation:

<em>The Net present value is the difference between the present value (PV) cash inflows and the initial cost of the investment.</em>

<em>PV of cash inflow =</em>

90,000× (1- (1.1)^(-7) )/0.1

=  438,157.69

NPV = PV of cash inflow - cost of the machine

<em>Let represent cost of the machine as " y "</em>

170,000 =  438,157.69  - y

y = 438,157.69- 170,000

y =  268,157.69

The price o the machine is = $268,157.69

4 0
3 years ago
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