The correct option is A.
Feedback refers to the receiver's response to the message he has received. The receiver may have to write the response down and send it to the sender who read it and interpret the message; thus repeating the whole process of communication again.
Answer:
Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax
Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94
Explanation:
Answer:
The correct answer is option i.
Explanation:
A firm is operating in a perfectly competitive market.
The firm is selling 200 units of output.
The price of each unit of output is $3.
In a perfectly competitive market, a single firm faces a horizontal line demand curve. This horizontal line represents demand, price line, average revenue, and marginal revenue.
So if the price is $3, it implies that the marginal revenue and average revenue is also equal to $3.
The total revenue is $600.
In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.
<h3>
What is Independence in this case?</h3>
The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.
Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.
Learn more about internal control:
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Full Question:
Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?
A) Tell his superiors as soon as he has decided whether or not to accept the offer.
B) Remove himself from the engagement as he considers the offer.
C) Pray for divine guidance.
D) If he decides to reject the offer, remove himself permanently from the engagement.
