Answer:
C) Disclaim an opinion on the assessment of controls.
Explanation:
According to PCAOB AS 2201, the registered auditor must disclaim an opinion on the effectiveness of internal controls used by the corporation. The auditor must also determine whether management's reports are complete and properly presented. In a final report, the auditor must give the reasons for his/her determinations.
Answer:
The correct answer is C
Explanation:
A brand named Maybelline released an ad for the product of age minimizing makeup and offering the readers the $1 off coupon, so in terms of the communication, the source is the term which is described as the person or the reader who use the service or the product.
Therefore, the source of the ad is the readers who redeem the coupon featuring off $1 on the product.
Based on the information described above, the structurally unemployed individual is "<u>Jeanette</u>."
This is because <u>structural unemployment</u> is a form of unemployment whereby an individual is experiencing a non-correlation between his skills and the skills required of workers by employing industries.
In Jeanette's case, she has the skills of aircraft design engineering. However, no company is interested in her aircraft design skills. This shows <u>structural unemployment.</u>
Some of the causes of structural unemployment include the following:
- Foreign competition in labor;
- Outsourcing of production aboard;
- Robots replacing humans;
- Labor immobility;
- Reduction in manufacturing industries, etc.
Hence, in this case, it is concluded that Jeanette is the <u>structurally unemployed</u> one.
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Answer:
Interest receivable $600
Explanation:
The interest is just for 9 months and the cash for the interest has not been received yet, so debit Interest Receivable.
Interest is calculated using the formula:
interest=Principal x rate x time
$16,000 x 5% x 9/12 = $600
Interest Revenue would be credited for $600, but that is reported on the Income Statement, not the Balance Sheet.
Answer: c. it tends to reduce cultural myopia and enhance local responsiveness.
Explanation:
A Geocentric staffing approach means that a company picks those that it views as the most suitable for a job regardless of the country they are from. This means that although the company is in Canada, they can hire a person from Sudan if they feel the person is suitable for the job in question.
The main advantage of this is that it reduces cultural myopia which is the tendency to belief that a person's culture i.e western culture, works across the globe. For instance, going back to the earlier example, a person from Sudan would most likely know more about norms in Sudan than a person from Canada.
This would ensure that the people hired, can respond effectively due to this reduction in cultural myopia.