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-Dominant- [34]
3 years ago
5

PLEASE HELP ME!

Business
2 answers:
Mashcka [7]3 years ago
8 0
I believe the answer you're looking for would be D. understand her customers' values because, if she wants the the customer to be satisfied she'd have to know what makes the happy/satisfied.

Hope this helped!
Lelu [443]3 years ago
3 0
I think the best answer would be D. Understand her costumer value<span />
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Suppose on any given day there is an excess supply of reserves in the federal funds market. If the Federal Reserve wishes to kee
Dennis_Churaev [7]

Answer:

... then the appropriate action for the Federal Reserve to take is a <u>DEFENSIVE</u>  open market <u>SALE</u>, everything else held constant.

Explanation:

Defensive open market operations are carried out to temporarily offset fluctuation in the market of securities (either too much or too little demand, or supply).

A defensive pen market sale will lower the supply of reserves without having to change the current interest rates. If it doesn't do anything, the interest rates will probably decrease.

4 0
3 years ago
Marigold Corp. has 493000 shares of $10 par value common stock outstanding. During the year Marigold declared a 14% stock divide
Gelneren [198K]

Answer: $2,821,932

Explanation:

No. of shares outstanding before stock dividend = 493,000

Price per share = $36

Stock dividend issued (shares issued) = 493,000 x 14% = 69,020

Value of stocks issued as stock dividend = 69,020 x $36 = $2,484,720

No. of shares outstanding after stock dividend = 493,000 +69,020 = 562,020

Cash dividend = 562,020 x 0.60 = 337,212

Total reduction in retained earnings = total value of dividend issued

= $2,484,720+$337,212

= $2,821,932

6 0
3 years ago
Professional auditing standards identify the principal "management assertions" that underlie a set of financial statements. The
faust18 [17]

Answer:

Before we treat the question, lets examine the key words:

> Management assertions: this refers to claims made by members of management of a company with respect to certain aspects of a business. The concept is primarily used in regard to the audit of a company's financial statements, where the <em>auditors rely upon a variety of assertions</em> regarding the business. The auditors are required to test the validity of these assertions by conducting a number of audit tests.

> Occurrence Assertion: This belongs to one of the categories of claims usually made by management. Occurrence Assertion arises in two instances:

i. <em>Business transactions</em>, mostly in regard to the <em>income statement</em>. Here occurrence claims refer to the assertion that the business transactions recorded in the income statement actually took place.

ii. Occurrence assertion also arises when the authenticity of the information related to the presentation of information within the financial statements is being considered.

Section 31 of the Statements on Auditing Standards requires that these assertions be investigated, supported or verified using procedures and or other reasonable methods outside of the system providing these assertions.

The question indicates that at least three steps in this direction was taken:

  • ZZZZ Best's auditors obtained third-party confirmations;
  • they reviewed available documentation and performed analytical procedures to evaluate the legitimacy or the integrity of the revenues recorded on the contract
  • they visited selected restoration sites (most likely for direct observation)

     

The questions suggests that the evidence availed by these procedures are not without limitations. In order words, irrespective of the rigor involved with same, it is not fail proof.

Here are reasons why.

Explanation:

1. Absolute Proof may not be possible.

Fallacious and fraudulent assertions may be designed such that other evidencing documentation support the fraudulent position asserted

2. Third-Party confirmations are not fail proof. With sufficient motivation, they may be designed or influenced to support a fraudulent assertion. In a similar case-study, the restoration sites visited was fraudulently selected and stage-managed to give the appearance of an ongoing restoration work.

3. Some assertions are not material:  Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, or discrepancy. If the assertion is of no significance then the judgement arrived at by the audit process will carry same weight.

4. Limitations of Time and Cost of verifying assertions:

This must be considered as accounts must be prepared within a certain time scale and the auditor may have to do with less than perfection and ideal evidence may be too expensive to obtain. In the example referred to above, It was later discovered that the restoration site was bogus. The informant had contacted the audit firm in April 1987 and asked for $25,000

in exchange for information proving that one of the firm’s clients was engaging in a massive fraud.

In summary, when presented with assertions, it is not sufficient to obtain third party confirmations. Third party confimations ought to be investigated.

Cheers!

4 0
3 years ago
Consider the following activities that take place in a veterinary clinic.
FromTheMoon [43]

Answer:

E. Service entities cannot use ABC for overhead allocation.

Explanation:

ABC costing is limited to use when the cost can be directly traced to a certain activity. All of the Activities are volume driven and overheads would be incurred in small proportion to the overall cost.

4 0
3 years ago
The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
Sonja [21]

Answer:

Mufflers should be continued (Alternative 1)

Explanation:

Preparation of a differential analysis dated to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2).

DIFFERENTIAL ANALYSIS

Continued (Alternative 1); Discontinued (Alternative 2); Differential effect on income Alternative 2)

October 31

Revenue $45,000 $0 ($45,000)

Costs:

Variable cost of goods sold ($21,600) $0 $21,600

[$27,000*(1-20%)]

Variable selling and administrative expense

($17,500) $0 $17,500

[$25,000*(1-30%)]

Fixed income ($12,900) ($12,900) $0

[($27,000*20%)+($25,000*30%)]

Income(Loss) ($7,000) ($12,900) ($5,900)

Based on the above Differential Analysis MUFFLERS SHOULD BE CONTINUED reason been that the income will decrease by $5,900 if Mufflers discontinued.

7 0
3 years ago
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