Supplier alliances are occurring more frequently, and suppliers and customers are getting to know one another better.
Fraud Collusion Dangers.
The standard acknowledges the dangers of collusion as well as the increased risk for the auditor in expressing an incorrect opinion, or "audit failure."
The issues with asset misappropriation and financial statement misstatement are brought up by the amended standard for auditors to consider.
Employees, suppliers, customers, and other parties must enlist the help of their co-conspirators in the first type of fraud, or at the very least work together to plan it. This is not a simple task, as it will be discussed below; in an asset theft scheme, coordination and recruitment demand a certain level of risk from the participants.
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Answer:
29,867 units
Explanation:
Variable cost per unit (VC) = $75.00
Sales price (P) = 1.50 * VC = $112.50
Fixed costs (FC) = $1,120,000
Units sold (n) = ?
EBIT is given by:
Therefore, the number of units sold required to break even is:
Round up the value obtained to the next whole unit and the sales volume needed is 29,867 units.
Most art and antiques are <u>illiquid</u> and the transaction costs are <u>high</u> compared to those of financial assets.
"in addition to online services and SERPs, it's far feasible to find out how a great deal your antiques are worth by means of simply asking a vintage dealer or an appraiser at a public sale house, for example," Martin says.
In quick, vintage is a hundred years older, while antique is younger, although commonly nonetheless prior to 1999. it's a rather easy difference, but not necessarily as important as you watched it might be. The age of a chunk doesn'tdirectly correlates to price.
A real leather-based jacket from the Nineteen Forties could be taken into consideration as antique garb. Dictionary.com offers several definitions of the phrase antique: “of or belonging to the beyond; now not modern;” “relationship from a long ago;” and “noting or bearing on cars about 25 years vintage or more.”
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Answer:
Given that,
Operator bought a futures contract = 5,000 kilograms of rice at $1.50 per kilogram
Initial margin = $4,000
Maintenance margin = $2,000
(a)
(i) Balance of Margin = Initial margin - maintenance margin
= $4,000 - $2,000
= $2,000 (loss)
(ii) Change in price = 
= $0.40
(b) Price per kilogram = Current price - Change in Price
= $1.50 - $0.40
= $1.10
So, change price per kg is $1.10
(c) Balance of Margin = Initial margin - maintenance margin
= $4,000 + $2,000
= $6,000 (loss)
Change in price =
= $0.40
(d) Price per kg = Current price - change in price
= $1.50 + $0.40
= $1.90
Answer:
Option "C" is correct.
Explanation:
This occurs when the portion of the marginal cost curve is above its average cost curve.
