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shusha [124]
1 year ago
4

If the financial statements cannot be relied upon because they contain one or more material departures from gaap, which type of

audit opinion will be issued by the auditor?.
Business
1 answer:
GrogVix [38]1 year ago
5 0

The type of audit opinion that will be issued by the auditor is an adverse opinion.

A company or a business will usually issue financial statements in a certain period. This financial report is useful for knowing the transactions carried out within the company.

Of course, financial statements do not only dwell on financial records. There are many things you should know about financial statements. Such as understanding, benefits, examples, functions, to the income statement. Moreover, if you have a business, having financial statements is mandatory. Broadly speaking, financial statements are records of a company's transactions, both in-business transactions such as sales, or outside business transactions such as stock purchases, investments, and taxes.

This financial report is also very important to be arranged neatly so that investors or stakeholders can see that the business finances you are living are stable, well planned, and growing. Not only does it have an important role to get investors, but financial reports can also have other benefits in the business you are in.

You can learn more about financial report here brainly.com/question/1224013

#SPJ4

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Use the following to answer the question.Outdoor Sporting World (OSW), a national chain, has been doing business with Casper Spo
Zarrin [17]

Answer:

B) issue a complaint stating that the business is in violation of the law.

Explanation:

The Robinson-Patman Act prohibits seller from practicing price discrimination, that means that they sell their products to different buyers at different prices. This law applies only to the sale of goods, and the goods sold to the different buyers must be similar and the buyers must also be in similar conditions. E.g. it is not illegal to sell at different prices if one buyer is located next to the factory while the other is located 3,000 miles away, in this case the cost of transportation accounts for the difference in price.

Also, price discrimination must result in injury to the buyer, which means that there business is being harmed because their direct competitors receive the product at a lower price. E.g. if a seller charges Walmart a lower price than it charges Target, Target will be forced to sell at a higher price which may result in lower sales.

Finally, since this is a federal law, it generally applies to interstate commerce. Domestic commerce is covered by state laws and state entities.

6 0
3 years ago
Cost-benefit principles can be applied to the decision of:
marishachu [46]

Cost-benefit principles can be applied to the decision of e: all of these.

This means that cost-benefit principles can be applied to the decision of the following:

Majority rule voting

which project receives the most votes

rational ignorance

profit maximizing firms

4 0
4 years ago
Final customers or users are normally asked to pay ______________ prices for products they buy. 1. basic list 2. unchanging list
bulgar [2K]
<span>Usually final customers pay basic list prices. A list price is what the manufacturer suggests the retail price is. This type of price is determined by supply and demand. It is usually the initial asking price. The basic price is the amount receivable by the producer from the purchaser for a good or service that is produced minus the taxes.</span>
5 0
3 years ago
Implementing a marketing plan a. is the starting point of the marketing mix strategy to identify target markets. b. entails gaug
GalinKa [24]

Answer:

Letter a is correct. <u>Is the starting point of the marketing mix strategy to identify target markets.</u>

Explanation:

A marketing plan can be defined as a detailed document that contains the actions that a company must take to achieve its marketing objectives. Through this document, it is possible to carry out a planning for a product, service and brand.

The stage of implementing the marketing plan is the starting point for the company to outline specific marketing strategies, such as the marketing mix, which is a strategic tool used to achieve its marketing objectives in the target market.

The marketing mix model most used by companies is that of 4P: product, square, price and promotion, and for each of the variables there is a set of specific activities that integrated help to achieve objectives and goals.

Therefore, the implementation stage is extremely relevant for the company, it is necessary to adjust expectations in order to set real and possible goals to be achieved in a certain time, it is also important to assemble a team with qualified professionals for the execution of the plan, so that the actions correspond to the organizational values ​​and strategies. Communication is also essential for feedback, new ideas and suggestions.

It is important to note that a marketing plan is changeable, as several factors influence it to evolve and change, so it is necessary to have constant monitoring and evaluation, so that this is an effective strategy for the company.

7 0
4 years ago
The Frank Company has issued 10%, fully participating, cumulative preferred stock with a total par value of $300,000 and common
jeka57 [31]

Answer:

(D) $60,000 to preferred and $162,000 to common

Explanation:

Annual preference dividend = 10% * $300,000 = $30,000

Since dividends for the previous year were not paid, and the preference stock are cumulative, previous year dividend will need to be paid. ($30,000).

However, since no participating rule was defined, no additional dividend will be paid on preference stock.

Therefore, total payment on preference stock = current year dividend + previous year arrears = $30,000 + $30,000 = $60,000.

The balance will be paid on common stock

= $222,000 - $60,000 = $162,000

6 0
3 years ago
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