Answer:
"Direct Method" is the right answer.
Explanation:
- The direct approach provides a clearer overview of how a company receives currency. And therefore it is regarded as equivalent to the alternative manner.
- Compared to the price of something like the money market account throughout the particular circumstance, the above direct method of registering cash balance somewhat from operations would be advised.
Answer:
$37,600 favorable
Explanation:
Variable overhead spending variance can be computed as;
= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)
= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)
= [(18,800 × $6.5) - (18,800 × $4.5)]
= $122,200 - $84,600
= $37,600 favorable
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Answer:
Insurance companies manages risk by balancing the low-risk drivers and the high-risk drivers. Insurance would charge higher rates for high risk drivers.
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Explanation:
Insurance companies manages risk by sorting out the people who have a lower chance of risking a crash, with people who have a higher chance of risking a crash. They do this by charging low rates to the people that have a lower chance of causing a risk. They charge them low because they are trustworthy, and don't need to rack up a lot of money quick if they ever get into a crash. Remember, insurance makes people pay monthly so they could use that money in a accident.
But, this is different for people with higher risk. People that have a high risk of getting into an accident would be charged with a higher rate than people with lower risk. Insurance companies charge them with higher rates because since higher risk drivers get are more likely to get into an accident, insurance companies want to make sure that they can get the money for the accident as soon as possible. Insurance companies are the ones that pay for the accident, and that's why most places require you to have insurance while you drive.
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Answer:
A. An inquiring mind and suspension of belief is the correct answer.
Explanation:
- Professional skepticism is an inquiring mind that includes critical evaluation, questioning, and staying alert to situations that may indicate possible error because of fraud and mismanagement and also an important evaluation of audit data.
- The elements of professional skepticism are questioning mind, autonomy, suspension of knowledge,interpersonal judgment, search for information, and self-esteem.
- Professional skepticism performs an important role in the audit and we need professional skepticism to maintain an audit of the expectation.
Answer:
0.2840 or 28.40%
Explanation:
The formula for EAR= (1 + i/n)^n - 1
Where i= stated interest rate
n= number of compounding periods
In this case since the interest he paid is 1 cent, to convert it into percentage, we divide it by the dollar and multiply by 100
Note: 100 cent = 1 dollar
Therefore 4 dollars= 400 cents
To get the Interest rates= 1/400 x 100
= 0.25
n= 365 since we are computing daily
(1 + 0.25/365)^365 - 1
(1 + 0.000685)^365 - 1
(1.000685)^365 - 1
1.2840 - 1
0.2840 or 28.40%.
