Answer: got it wrong so don't pick this one
Explanation:
Clara is suing David because of a property dispute. Clara and David are from different states, so it is not readily clear which state has jurisdiction over this case. Which of the following is true?
Jurisdiction can fall in whichever state has subject matter or personal jurisdiction, likely depending on which state Clara feels will give her a more favorable outcome for her case.
<em>Jurisdiction depends solely on where the property - the focus of the dispute - is located. Wrong answer</em>
Jurisdiction falls in Clara's state of residence, since she is the plaintiff.
Jurisdiction falls in David's state of residence, since he is the one being summoned to court.
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Several courts could potentially have jurisdiction. It is most likely that Clara will forum shop for the jurisdiction that would most likely operate in her favor.
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:
Total cost is $24060
Explanation:
Total demand per year = 12000 units
Size of one order = 3000 units
Total number of orders = 12000 / 3000 = 4
Per order cost = $15
Per unit cost = $2
Below is the calculation to find the total cost.
Total cost = Number of orders × Per order cost + Total demand per year × Per unit cost
Now insert the values.
Total cost = 4 ×15 + 12000 × 2
Total cost = $24060
Tracing transactions through the information system relevant to financial reporting.
Financial reporting is the process of documenting and speaking monetary activities and performance over particular time intervals, usually on a quarterly or every year basis. corporations use monetary reports to prepare accounting data and document on contemporary economic status.
Financial reporting includes the subsequent: external economic statements (earnings announcement, statement of comprehensive earnings, balance sheet, declaration of coins flows, and declaration of stockholders' equity) The notes to the financial statements.
Financial reporting is crucial for management to make informed business decisions primarily based on information of the company's financial health. potential investors and banks may also use your enterprise's financial reporting to decide if they need to make investments or loan you money.
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Licensed professionals who indulge in preparing financial documents for individuals, organizations and business are called public accountant. Hence, Kimberly would be classified as a public accountant.
- Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents.
- Here, Jonah is Kimberly's client and she will be classified as a public accountant.
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