1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vinil7 [7]
2 years ago
9

1. A company hires one of its board members, a CPA, to issue accounting reports for thecompany. Assuming any required disclosure

s are made, which of the following reports may theCPA issue without violating independence rules.B. ReviewsC. AuditsD. Agreed»upon procedures
Business
1 answer:
Stella [2.4K]2 years ago
4 0

Answer:

Compilations.

Explanation:

A compilation is part of the write-up service of accounting firms that involves conversion of data into financial statements without providing assurances or auditing services.

A compilation report usually accompanied the financial statements to show that data is well represented, and also to show that there has been no audit so the accountant is not giving an opinion.

So the CPA will not be violating independent rules by working on compilations.

You might be interested in
M10-14 Analyzing the Impact of Transactions on the Debt-to-Assets Ratio [LO 10-5] BSO, Inc., has assets of $600,000 and liabilit
Gnom [1K]

Answer:

The each transaction affecting or not the debt to assets ratio is given below;

1-Purchased inventory of$20,000 on credit

2-Paid accounts payable amount of $50,000

3-Recorded accrued salaries of $100,000

4-Borrowed $250,000 from a local bank

Explanation:

1-Debt/Total Assets=470,000/620,000=.76 it will increase the ratio

2-                              =400,000/550,000=.73 it will decrease the ratio

3-                              =550,000/600,000=.92 it will increase the ratio

4-                              =700,000/850,000=.82 it will increase the ratio

5 0
3 years ago
A key factor in evaluating the target market's attractiveness is the market's desire for alternative/natural solutions because t
Rudik [331]

Answer:

Athletes

Explanation:

As athletes are more physically active and capable and because of their increasing workouts, they tend to have good stamina.

Athletes are health conscious and prefer to go for organic products, rather then chemical intensive products, as on the long run, organic products do not harm the body in any manner, that the chemical products might do.

Turmeric is best known for its natural purifying effects.

As a company targeting athletes would be very beneficial as the customers like them, will get attracted easily towards these products.

8 0
3 years ago
When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain
marysya [2.9K]

When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called program trading.

<h3>What is program trading?</h3>

Program trading is what create space or time for multiple trades to occur simultaneously.

It is an automated process that gives instructions to computers to sell when price of a stock goes down to prevent loss.

Learn more about program trading here: brainly.com/question/13955369

#SPJ1

6 0
2 years ago
Which example describes sharing risk?
alexandr1967 [171]

Answer:

getting car insurance is the correct answer.

Explanation:

4 0
2 years ago
An office has 5 copy machines that need to be serviced approximately once an hour either for paper, staples, or toner or repair.
Anton [14]

Answer:

a. Average number of copiers in line is 0.275

b. Average number of copiers still in operation is 4.23

c. Average number being serviced is 0.496

d. No, the office should not do it

Explanation:

N = number of copy machines = 5

U = average time between unit service requirements = 1 hour = 60 minutes

T = average service time = 7 minutes

M = number of servers = 1

Cost of copier downtime = $20

Cost of attendant = $15

(a)  Service factor, X = T / (T+U) = 7 / (60+7) = 0.105

From the Finite Queuing Tables for a Population of N = 5,

For X = 0.105 and M=1, the efficiency factor, F = 0.945

So,  The average number waiting in line, L = N × (1 - F) = 5 × (1 - 0.945) = 0.275

(b) Average number in operation, J = N×F×(1 - X) = 5×0.945×(1 - 0.105) = 4.23

(c) Average number being serviced, H = F×N×X = 0.945×5×0.105 = 0.496

(d)  For M=1

The average number of copier down = N - J = 5 - 4.23 = 0.77

So, cost of downtime per hour = $20×0.77 = $15.4

Also, the cost of the server per hour = $15×M = $15×1 = $15

So, total cost = 15.4 + 15 = $30.4 per hour (i)

For M=2

From the Finite Queuing Tables for a Population of N = 5, with X = 0.105 and M=2, the efficiency factor, F = 0.997

J = N×F×(1 - X) = 5×0.997×(1 - 0.105) = 4.46

The average number of copier down = N - J = 5 - 4.46 = 0.54

So, cost of downtime per hour = $20×0.54 = $10.8

Also, the cost of the server per hour = $15×M = $15×2 = $30

So, total cost = 10.8 + 30 = $40.8 per hour (ii)

Comparing (i) and (ii), we can say that having another attendant is not cost-effective.

8 0
2 years ago
Other questions:
  • A project will produce an operating cash flow of $31,200 a year for 7 years. The initial fixed asset investment in the project w
    13·1 answer
  • Changes in the price of oil:
    6·1 answer
  • Who is james monroe?
    5·2 answers
  • How much unused lending capacity does eternal savings have at step 4?
    12·1 answer
  • Suppose the population of country ABC rises from 40 million to 44 million. If the country's Real GDP rises from $825 billion to
    5·1 answer
  • Outputs of a purchasing process normally might include all of the following except: __________
    11·1 answer
  • A copy machine is available 24 hours a day. On a typical day, the machine produces 80 jobs. Each job takes about 2 minutes on th
    12·1 answer
  • Sorter Company purchased equipment for $330,000 on January 2, 2019. The equipment has an estimated service life of 8 years and a
    6·1 answer
  • File cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.
    6·1 answer
  • The controller of Carla Vista Production has collected the following monthly expense data for analyzing the cost behavior of ele
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!