Inherent risk is one of the risks auditors and analysts must look for when reviewing financial statements, along with control risk and detection risk. ... The ultimate risk posed to the company also depends on the financial exposure created by the inherent risk if the process for accounting for the exposure fails.
<span>In the context of barriers to international communication, noise refers to the number of other messages competing for a potential consumer's attention</span>
Answer:
c. $6.25 per pound
Explanation:
The computation of the material price variance is presented below:
Material price variance = Actual Quantity × (Standard Price - Actual Price)
$6,000 = 24,000 × ($6 per pound - Actual price)
$6,000 ÷ $24,000 = $6 per pound - Actual price
$0.25 = $6 per pound - Actual price
So, the actual price would be
= $6 + $0.25
= $6.25 per pound
Answer:
Universal Life Insurance
Explanation:
The key characteristics of universal life insurance are:
- A lump sum is paid as premium at an initial stage
- It is a flexible form of insurance where the insured can elect how much premiums he / she pays, and also the death benefits they receive.
- Policyholders may access a portion of the accumulated cash value without affecting the guaranteed death benefit
From the question,
- Kurt paid a lump sum of $3,000 which is his initial cost of insurance.
- Kurt also has the flexibility of choosing the premiums he pays regularly.
- Kurt also has the ability to accumulate a cash value and access a portion of it
These key indicators show that Kurt is on a universal life insurance plan