Answer: The Implications of this behavior to the corporation would be detrimental to their operations because as an institution they are not declaring their expenses on staff-(Vacation) from being entered into
the financial books for proper accounting purposes.
While the behavior of the MD shows that he has been praticising sharp practices with the company resources for a while and he should be ask to step down.
The detention of culture is the diversity of foods religion and heritage built into a single race built on beliefs and traditions
Answer:
The answer is True
Explanation:
There is an inverse relationship between the price level and value of money (also known as purchasing power). An increase in the price level is the same as an decrease in the value of money.
As the price level decreases money is able to buy more goods and services and as the price level increases, money is able to buy less goods and services. inflation decrease the value of money or consumers' purchasing power.
Answer:
Required for planning, substantive testing, and overall review of financial statements.
Explanation:
Analytical procedures can be defined as procedures that are used by auditors to comprehend the various operations of a business and also to identify the risks areas that needs to be tackled.
Auditors utilize analytical procedures for the following reasons:
1) To help design the nature, timeframe and volume of other analytical procedures.
2) As a form of substantive test to obtain proof about a particular statement which is linked to account balances.
3) As a total review of of the financial information included in the final review part of the audit.
40,000 units and $400,000 are the break-even point in units and dollars respectively.
<u>For units:</u>
$200,000/5 = 40,000
<u>For dollars:</u>
40,000 x $10 = $400,000
<h3><u>What is a </u><u>
break-even point </u><u>?</u></h3>
The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in manufacturing when the income from a product matches the cost of manufacture.
This is a crucial calculation to include in your business strategy for every new venture. Potential investors want to know when they may anticipate a return on their investment as well as the rate at which it will occur. This is due to the fact that some businesses may take years before becoming profitable, frequently losing money in the initial months or years before achieving break-even. Break-even point is crucial in every company plan given to a potential investor because of this.
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