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.
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Answer:
Without knowing your options to select from......
Explanation:
It is the top line or gross income figure from which costs are subtracted to determine net income. Sales Revenue formula. Revenue is also known as sales on the income statement.
Worker at $12 per hour, producing 16 pounds of candy per hour
Answer:
The correct answer is letter "B": target market.
Explanation:
The target market represents the potential consumers of a good or service. If ABC company changes the packaging of its plastic model cars to attract more discerning buyers they are focusing on attending other consumer preferences not necessarily implying that the previous customers will decline to purchase the plastic model cars in the new presentation.
Answer: b. people face trade-offs.
Explanation:
Due to scarcity in the resources that we possess, i.e our resources are not infinite, we are forced to make decisions sometimes that will see us giving up something we want for another thing that we want.
This is called trade-offs and people face them all the time. This man want to wants to buy either a camera or an editor but due to the price can only buy one. He would therefore have to give up one for the other which makes this a trade-off.
