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ziro4ka [17]
4 years ago
8

What are some major factors that have contributed to the recent increase in the number of lawsuits against auditors and the size

of awards to plaintiffs?
Business
1 answer:
telo118 [61]4 years ago
7 0

Answer and Explanation:

There are several reasons why the number of lawsuits against auditors and the size of awards to plaintiffs has increased. Mainly, <em>Certified Public Accountant (CPA) firms are most likely to solve legal issues with companies in front of inaccuracies in audits without a judicial process</em> to avoid the fees, possible penalties they will have to take charge if found at fault. Thus, more lawsuits are created under that situation because those practices are not considered legal even if the plaintiff decides to come up to a resolution that way. This is because firms could still be operating unethically unless the law enforces laws in their operations.

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A weekly report for new agents at a vacation sales company is shown in the histogram. A histogram titled Vacation Packages has n
Natalija [7]

Answer:

6 salespersons

Explanation:

A histogram shows the graphical representation of the distribution of numerical data using bars of different lengths.

From the histogram:

The number of salespersons who sold 11 - 12 packages = 1

The number of salespersons who sold 13 - 14 packages = 2

The number of salespersons who sold 15 - 16 packages = 3

Therefore the new agents who sold more than 10 vacation packages = 1 + 2 + 3 = 6 salespersons

5 0
3 years ago
Read 2 more answers
A company has a $4,000, 270-day, 6%, note payable recorded on its books which was dated July 2, 2013. The interest expense is pa
tensa zangetsu [6.8K]

Answer:

Interest expense accured = $121.33 (

Explanation:

The exact number of days from July 2 through December 31, 2013 is 182 days.

The accrued interest  (182/360) x $4,000 x 6% = $121.33

5 0
3 years ago
You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of
Goshia [24]

Answer: $4.24

Explanation:

According to the Put-Call Parity, the value would be expressed by;

Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)

T is 90 days out of 365 so = 90/365

= 2.65 - 26 + 28 * 2.71 ^ (-0.06 * 90/365)

= $4.24

4 0
3 years ago
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A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions n
juin [17]

Answer:

Management information

Explanation:

From the question we are informed about instance, whereby A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions need to be made. In this case, The type of information system most likely to provide this type of information would be classified as a Management information. Management information system can be regarded as a an information system that is been used in decision-making as well as in the coordination, control and analysis or visualization of information in an organization.

Studing of management information systems encompass the people as well as the processes and technology as regards an organizational context.

3 0
3 years ago
15,000 units in a process that are 70% complete are referred to as:
KengaRu [80]

Answer:

(c) 10,500 equivalent units of production

Explanation:

Equivalent units of production helps manufacturing companies determine the average completed or finished products. Additionally, since there are many items in continuous production, without calculation of equivalent units, it would be difficult to determine how much money was incurred in production costs.

Using the formula

The number of partially completed units (15,000) x percentage of completion (70%) = equivalent units of production (10, 500)

5 0
3 years ago
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