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zvonat [6]
3 years ago
11

"identify each of the principles underlying aicpa auditing standards in the first column by selecting the letters corresponding

to each of the principles​ (from the list of possible principles given​ below). use the second column to identify by roman numeral​ (from the list of failures given​ below) how the​ action(s) of holmes resulted in a failure to comply with each standard you selected in the first column"
Business
1 answer:
adoni [48]3 years ago
5 0

Explanation:

Ray, the owner of a small corporation, ordered CPA Holmes to perform a record audit. Ray told Holmes that a loan application should include a prompt analysis of the audited financial statements of a bank. Holmes acknowledged the agreement unanimously and decided that an auditor's report should be given within 3 weeks. If the loan was granted, Ray accepted to pay Holmes a fixed fee plus a bonus.

Two accountant graduates were employed by Holmes to perform the audit and spent several hours saying exactly what to do. Holmes told the students to concentrate instead on providing accurate statistical facts in the documents and summing up a date that confirms Ray's financial statements that do not include footnotes, instead of testing the controls.

Holmes checked the documents and produced a report of the auditor without qualification. The article applies neither to the GAAPs nor to their consistent application.

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Which of these terms means "limited resource"?
Tpy6a [65]
The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.
3 0
4 years ago
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The middle of supply chain information systems (SCIS) framework is which of the following?
Natasha_Volkova [10]

Answer:

The correct answer is letter "B": Enterprise planning and monitoring.

Explanation:

Information Systems impact the Supply Chain at planning and monitoring stages. Information Systems allow managers to analyze information about the flow of the supply chain and allows them to spot where improvement is necessary. Besides, it allows tracking production to maximize it. Decisions can be made upon the feed Information Systems provide.

5 0
3 years ago
Which job analysis method requires subject-matter experts to evaluate a job in terms of abilities required to perform the job
Alexxx [7]

Answer:

<em><u>Fleis</u></em><em><u>h</u></em><em><u>man</u></em><em><u> </u></em><em><u>Job </u></em><em><u>Analysis</u></em><em><u> </u></em><em><u>System</u></em>

Explanation:

<em>Fleishman Job Analysis </em><em>System.</em><em> </em><em>Job </em><em>analysis</em><em> </em><em>technique</em><em> </em><em>that </em><em>asks </em><em>subject</em><em>-</em><em>matter </em><em>expert</em><em>s</em><em> </em><em>to </em><em>evaluate</em><em> </em><em>a </em><em>job </em><em>in </em><em>t</em><em>erms </em><em>of </em><em>the </em><em>abilities</em><em> </em><em>required</em><em> </em><em>t</em><em>o </em><em>perform </em><em>the </em><em>job.</em><em> </em><em>-</em><em> </em><em>use</em><em>f</em><em>ul </em><em>for </em><em>employee </em><em>selection</em><em>,</em><em> </em><em>training</em><em>,</em><em> </em><em>and </em><em>car</em><em>e</em><em>er </em><em>development</em><em> </em><em>Competency.</em><em> </em><em> </em><em> </em>

5 0
2 years ago
You buy a stock for which you expect to receive an annual dividend of $2.10 for the fifteen years that you plan on holding it. a
kap26 [50]
<span>You are given an annual dividend of $2.10 for the fifteen years that you plan on holding it. Also, after 15 years, you are given to sell the stock for $32.25. You are asked to find the present value of a share for this company if you want a 10% return. You have to mind that the future stock for 15 years is $32.25. You are not only going to mind the present value of the annuity at $2.10 but also the $32.25.

With the interest of r = 10% and number of years of n = 15, we get
PVIFA = 7.6061.

For annuity we have,
$2.10 * 7.60608 = $15.973

For $32.35 with r = 10% and n = 15
PVIF = 0.239392

Thus for the present value of selling price,
$32.25 * 0.239392 = $7.720

Thus the present value of the share
P = $15.973 + $7.720
P = $23.693
</span>
6 0
3 years ago
You want to start your own consulting business and believe it could produce cash flows of $5,600, $48,200, and $125,000 at the e
Inessa05 [86]

Answer:

This business idea worth $430,127 today

Explanation:

Today value of the future cash flows can be calculated by discounting the cash flows on the given discount rate. It is called the present value and sum of present value of all cash flows is called Net present value.

We use following format to calculate NPV for the given business idea

Years                                     1                  2                  3

Cash Flows                      $5,600       $48,200      $125,000

Sale Proceeds                                                         $450,000

Net Cash Flows               $5,600       $48,200      $575,000

Discount Factor    14%    0.8772        0.7695        0.6750

Present values                 $4,912.32   $37,089.9    $388,125

Net present value of business idea = $4,912.32 + $37,089.9 + $388,125

NPV = 430,127.22

3 0
3 years ago
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