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zimovet [89]
3 years ago
13

A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the f

ollowing is met?a. Use of the agreed-upon procedures report is notrestricted. b. The client agrees that the practitioner will decide appropriate procedures to be performed. c. The practitioner sets the criteria to be used in the determination of findings. d. The prospective financial statements include a summary of significant assumptions.
Business
1 answer:
Marat540 [252]3 years ago
6 0

Answer:

Option b is correct

Explanation:

The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.

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Preferences are characterized generally by: A. income. B. consumption bundles. C. indifference curves. D. budget constraints.
damaskus [11]

Answer:

B. consumption bundles

Explanation:

Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.

For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.

Preferences of buyers are independent not prices and income level.

Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.

4 0
3 years ago
A company issued a short-term note payable to a bank with a stated 12 percent rate of interest . The bank charged a .5% loan ori
Mandarinka [93]

Answer:

17%

Explanation:

If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%

The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.

Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.

8 0
3 years ago
Read 2 more answers
A monopoly firm's use of a tariff provides it with additional protection because the tariff:
notsponge [240]

A monopoly firm's use of a tariff provides it with additional protection because the tariff reduces competition from imports by raising the import price.

Option C

<u>Explanation:</u>

A monopoly business is a price-maker, even through the amount, it generate it can control the market rate. When selling less and it can sell far less and can sell more and sell just because the price drops. when making less because it can sell more.

This is due to the fact that the tariff basically transfers the profits out of the international monopolist to the national government.

The monopolist's revenues are limited to an amount provided by the Horizontal stripe when the tax is introduced. Therefore, the tariff increases the total domestic social security as it reduces the profits of the foreign company.

8 0
3 years ago
Lacuna Inc. factors $12,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retain
Elena L [17]

Answer:

The loss on transfer of receivables is $960,000

Explanation:

Sales amount                                       $12,000,000

Finance charge 3%*$12 million              ($360,000)

Retention amount 10%*$12 million           ($1,200,000)

Cash upfront                                           $ 10,440,000

The recourse liability is $600,000,which means that additional liability of $600,000 would be incurred by Lacuna Inc, if the total amount from the receivables is not received owing to the fact that the factoring is with recourse.

The loss on transfer of receivables is shown as:

Finance charge                    $360,000

Recourse liability                  $600,000

total loss                                 $960,000

5 0
3 years ago
similar to a stock split, a stock also distributes additional shares of stock to existing stockholders on a pro rata basis at no
Afina-wow [57]

Similar to a stock split, a stock <u>dividend</u> also distributes additional shares of stock to existing stockholders on a pro rata basis at no cost to the stockholders.

A stock split is a decision made by the board of directors of a firm to issue more shares to present owners in order to increase the number of shares outstanding.

A stock split is a division of issued shares in a ratio determined by the company, whereas a stock dividend is a dividend paid in the form of extra shares. While in a stock split, already issued shares are divided in accordance with a predetermined ratio, a stock dividend gives stockholders extra shares.

To know more about Stock Split here

brainly.com/question/24080551

#SPJ4

6 0
1 year ago
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