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denpristay [2]
3 years ago
10

When the auditors express an opinion on financial statements their responsibilities extend to:

Business
1 answer:
Westkost [7]3 years ago
4 0

When the auditors express an opinion on financial statements their responsibilities extend to : Whether the results of their client's operating decisions are fairly presented in the financial statements.

Explanation:

An auditor is a person or corporation assigned to conduct an audit by a client. To order to be an auditor, a person should have a credential or relevant credentials of the regulatory authority for accounting and auditing.

The auditor is someone who reviews financial records and checks them. They ensure consistency of financial records and correct payment of taxes. We monitor financial activities to ensure that companies operate efficiently.

A statement that somehow the auditor is liable for expressing an opinion on the audit's financial statements. Examining details of the sums and reports in the financial statements on a test basis; evaluating the accounting standards used and relevant management estimates;

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Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement
lord [1]

Answer: industrial purchasing.

Explanation: in this case, Cat's Coaster Company is buying to convert material into finished goods and product. It entails buying raw materials. Components, supplies and consumable stores, spares and tools, machines and equipment and office appliances.

5 0
3 years ago
Investors expect the market rate of return this year to be 15.00%. The expected rate of return on a stock with a beta of 1.3 is
belka [17]

Answer:

Expectation of rate of return on the stock is  16.64%

Explanation:

Ke=Rf+beta(Mrp-Rf)

Rf is unknown

Mrp is 15%

Ke is 19.5%

beta is 1.3

19.5%=Rf+1.3(15%-Rf)

19.5%=Rf+19.5%-1.3Rf

19-5%-19.5%=Rf-1.3Rf

0%=-0.3Rf

Rf=0%/-0.3

Rf=0%

By substituting the value of Rf in the original formula ,we can now calculate Ke when Mrp is 12.80%,beta is 1.3 Rf is 0%

Ke=0%+1.3(12.80%-0%)

Ke=0%+16.64%+0%

Ke=16.64%

6 0
3 years ago
Gracey's Department Stores has $200,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Gracey's also has $6
loris [4]

Answer:

e) $12,000 preferred; $18,000 common.

Explanation:

Dividend (Preferred) = 6% * Preferred stock outstanding

= 5% * $200,000

= $12,000

Dividend common = $30,000 - $12,000

= $18,000

Hence, the Cash dividend to preferred shareholders is $12,000 and that to common shareholder is $18,000

5 0
3 years ago
What is insurance??????
densk [106]

Answer:

“a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.” - Oxford language

Explanation:

Hope this helped

3 0
3 years ago
) You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If
Anit [1.1K]

Answer:

73.9%-100%

Explanation:

Calculation to determine If you exercise the call today, what will be your holding period return

First step is to find the Gross profit

Using this formula

Gross profit=Strike price- Stock Trading amount

Let plug in the formula

Gross profit =$51 - 45

Gross profit= $6

Second step is to find the Net profit

Using this formula

Net profit=Gross profit-Call option

Let plug in the formula

Net profit= $6 - 3.45

Net profit= $2.55

The last step is to find the Holding period return

Using this formula

Holding period return =Net profit/Call option

Let plug in the formula

Holding period return=$2.55/$3.45

Holding period return= 0.739*100

Holding period return =73.9%

Therefore what will be your holding-period return is 73.9%

6 0
3 years ago
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