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Katen [24]
4 years ago
11

Craig thorne works in a public accounting firm and hopes to eventually become a partner. the management of allnet company invite

s thorne to prepare a bid to audit allnet's financial statements. in discussing the audit fee, allnet's management suggest a fee range in which the amount depends on the reported profit of allnet. the higher the profit, the higher will be the audit fee paid to thorne's accounting firm. what are the ethical factors in this situation
Business
1 answer:
Tamiku [17]4 years ago
4 0
The ethical factors would be if Craig conforming to Allnets' offer, he would potentially cause misinformation to to shareholders of allnets. that could cost them a lot of money. Of course, technically speaking, conforming to the offer would basically guarantee Craig's position as a partner, but he need take the risk of breaking the law.

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_________ is the technique of creating drawings using rulers, compasses, and computers to communicate how something functions or
ElenaW [278]
<span>Computer Aided Design (CAD) utilizes computers, digital drawing surfaces and rulers to help people make construction.</span>
8 0
3 years ago
What is the standard deviation of a stock that has a 10% chance of earning 18%, a 10% chance of making 11%, a 40% chance of maki
Yakvenalex [24]

Answer:

A. 7.95%.

Explanation:

Calculate the expected rate of return for the investment as follows:

\begin{aligned}\text { Expected rate of return } &=(\text { Probability } \times \text { Rate of return })+(\text { Probability } \times \text { Rate of return })+\\&(\text { Probability } \times \text { Rate of retum }) \\=&(0.40 \times 15 \%)+(0.50 \times 10 \%)+(0.10 \times-3 \%) \\=& 0.06+0.05-0.003 \\=& 0.107

Calculate the standard deviation of the investment as follows:

\begin{aligned}\text { Standard deviation }=&\left\{\begin{array}{l} \text { Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)\end{array}\right.

=\sqrt{\left(0.40 \times(0.15-0.107)^{2}\right)+\left(0.50 \times(0.10-0.107)^{2}\right)+} \\=\sqrt{0.0007396+0.0000245+0.0018769} \\=\sqrt{0.002641} \\=0.05139066063011

7 0
3 years ago
A property has a restriction dating back to the 1920s that limits the sale of the property to persons of a particular race. The
Bezzdna [24]

The restriction on the building to prevent sale to persons of a particular race means it is unenforcable but the sale can go through.

Restrictions like this are unconstitutional because it is promotes discrimination of some race.

  • Also, it is also unconstitutional to enforce a racially restrictive covenant although the existence does not prevent the conveyance going through.  

.

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Therefore, the Option C is correct.

Missing options includes <em>"A. valid and enforceable B. unenforceable so the contract is void C. unenforcable but the sale can go through D. enforceable if the buyer agrees"</em>

<em />

Read more about House agreement

<em>brainly.com/question/1860153</em>

7 0
2 years ago
LPM company is a furniture 5 points manufacturer having a current market price of $70 per share. Mrs. Jennifer is a warrant hold
nikklg [1K]

Answer:

-$14 per share

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The exercise value is the monetary value of Mrs. Jennifer's call option if she was going to exercise it. The exercise value is calculated by subtracting the current stock price from the strike price = $60 - $74 = -$14.

Since no one would exercise a stock warrant knowing that they will lose money, we can expect that Mrs. Jennifer does not exercise her call option. If she really wanted to purchase a stock from LPM it would be cheaper to buy it at its current market price.

8 0
3 years ago
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<h2>What is the role of qualitative research?</h2>
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2 years ago
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