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lilavasa [31]
4 years ago
11

An accountant’s standard report on a compilation should state that the accountant

Business
1 answer:
drek231 [11]4 years ago
6 0

Answer:

A, Has not audited or reviewed the accompanying financial statements.

Explanation:

It is important that an accountant states that the financial statements of a compilation hasn't been reviewed so as to avoid a situation wherein the financial statement is not in accordance with accounting principles of the country, e.g United states.

An accountant is meant to just prepare financial statements for an organization without going against the accounting principles while management is responsible for presentaion of the financial statements.

Cheers. i hope this helps

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Does drinking coffee decrease the chances of an alcohol overdose
svlad2 [7]
<span>Drinking coffee DO NOT decrease the chances of an alcohol overdose. Only the passage of time can decrease the overdose. The human body cannot take up a high percent of alcohol that is why most people who get drunk by alcohol ended up either vomiting or passing out. Alcohol dampens the nerves that regulates involuntary action such as gag reflex and breathing. There is danger in vomiting since the person can be choked which lead to asphyxiation to a person who is unconscious and could result to death. When a person passes out, it’s BAC or blood alcohol concentration rises. Even if the person stops drinking, alcohol in the system continues to circulate in the stomach and in the intestine that is why it is not safe to assume that a drunk person is better of sleeping to make it go away.

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3 0
3 years ago
QS 6-2 Inventory costs LO C2 A car dealer acquires a used car for $16,000, with terms FOB shipping point. Compute total inventor
natima [27]

Answer:

$17,190

Explanation:

Costs that make up the cost of an asset are cost of purchase , sales tax , transportation , shipment insurance , import duties on items , assembly installation and all other costs incurred in making the assets ready for use.

Workings

Cost of purchase - 16,000

Transportation - in      210

Shipping insurance-    120

Car import duties -      860

Total cost                 17,190    

Other cost will the expensed as incurred

6 0
4 years ago
"The one-year forward rate of the British pound is $1.55, while the current spot rate is $1.60. Based on the forward rate, what
KengaRu [80]

Answer:

-3.125%

Explanation:

The percentage change in the British pound is determined as the difference between the one-year forward rate ($1.55) and the current spot rate ($1.60), divided by the current spot rate, and then multiplied by 100%:

P = \frac{\$1.55-\$1.60}{\$1.60}*100\%\\ P=-3.125\%

Over the next year, the British pound will change by -3.125%.

5 0
3 years ago
In a homogeneous-good Cornet model where each of the n firms has a constant marginal cost m and the market demand curve is p = a
Jlenok [28]

Answer:

Q=nq=\frac{n}{n+1}\frac{a-c}{b}

if n=1 (monopoly) we have Q^M=\frac{1}{2}\frac{a-c}{b}

if n goes to infinity (approaching competitive level), we get the competition quantity that would be Q^c=\frac{a-c}{b}

Explanation:

In the case of a homogeneous-good Cournot model we have that firm i will solve the following profit maximizing problem

Max_{q_i} \,\, \Pi_i=(a-b(\sum_{i=1}^n q_i)-m)q_i

from the FPC we have that

a-b\sum_{i=1}^n q_i -m -b q_i=0

q_i=\frac{a-b \sum_{i=2}^n q_i-m}{2b}

since all firms are homogeneous this means that q_i=q \forall i

then q=\frac{a-b (n-1) q-m}{2b}=\frac{a-m}{(n+1)b}

the industry output is then

Q=nq=\frac{n}{n+1}\frac{a-c}{b}

if n=1 (monopoly) we have Q^M=\frac{1}{2}\frac{a-c}{b}

if n goes to infinity (approaching competitive level), we get the competition quantity that would be Q^c=\frac{a-c}{b}

7 0
3 years ago
where V(t) is the value of the machinery in dollars, and t represents the age of the machinery in years. When will its value be
Brut [27]

Answer:

After 8.4 years

Explanation:

7 0
3 years ago
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