A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.
<h3>What is the main objective of the audit of financial statements?</h3>
The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.
External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.
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The country of origin effect occurs when the location of a product changed into manufactured affecting how clients understand the product.
The country of origin is the country of manufacture, production, or growth where an article or product comes from. The united states' beginning is u. s. a . you come back from. In fashionable, it's far from the united states of nationality. For a few expatriates who accumulate another nationality, their united states of beginning might be that of their “1st” nationality. country of beginning impact (COE) can be described as any impact that the country of manufacture, meeting or design has on a purchaser's tremendous or bad perception of a product.
In the country of origin, the beginning is of manufacture, manufacturing, or growth from which a piece of writing or product comes from. us of an origin is not to be stressed with wherein the product became shipped from as this will no longer be similar to wherein it become in the beginning produced. u. s. a . of the foundation is vital for clients with ethnocentric notion structures and lots of customers select merchandise from advanced international locations. The united states starting place is used as an external sign for purchasers in evaluating the first-class of the product.
Normally talking, the Country of origin is the USA of manufacture, production, or increase in which a piece of writing or product comes from. u. s. a . of starting place isn't to be stressed within which the product changed into shipped from as this can no longer be the same as wherein it turned into at the start produced. The authority's e-market (GeM) portal, that's utilized by government departments for public procurement, has additionally made it obligatory for dealers to publish the USA of starting place whilst registering new products.
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Answer:
$1,250
Explanation:
Calculation for what is the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation
Using this formula
Customer lifetime value (CLV) = r / (1 + i - r)
Let plug in the formula for
Customer lifetime value (CLV) = 0.8 / (1 + 0.12 - 0.8)
Customer lifetime value (CLV) = 2.5
Customer lifetime value (CLV) =($1,000-$5,00)× 2.5
Customer lifetime value (CLV) = $500 x 2.5
Customer lifetime value (CLV) = $1,250
Therefore the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation will be $1,250
Answer:
III. If a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Explanation:
A perfect competition is characterised by many buyers who sell homogenous products.
All firms in a perfect competition earn zero economic profit in the long run because there are no barriers to entry or exit.
In the long run, equilibrium occurs at: P = LMC = LATC
If demand falls, prices would fall below average total cost and the firm would earn negative profit .
For the first question, the answer is the judicial branch of
the government since it is the one who ordain and establishes. The Judicial
branch construes the laws. The judiciary also offers a tool for the resolution
of arguments.
For the second question, the answer is the executive branch
of the government. The executive is the structure exercising authority in and
holding accountability for the power of a state. The executive implements and imposes
law.
