Answer:
The answer is letter C.
Explanation:
The situation that would not result in auditors adding an additional paragraph to their report is reference to a departure from GAAP that is material, but not pervasive, to the financial statements.
Answer:
Assets = $66,974
Liabilities = $0
Equity = $66,974
Explanation:
Assets
Assets are resources that are controlled by the business, which generate economic benefits.
Total Assets = Non-Current Assets + Current Assets
where,
<u>Non-Current Assets :</u>
Office Equipment $ 10,000
Computer Equipment $20,000
Total Non-Current Assets $30,000
<u>Current Assets :</u>
Cash $15,000
Accounts receivable $12,882
Computer supplies $2,545
Prepaid insurance $3,220
Prepaid rent $3.300
Total Current Assets $36,947
Total Assets $66,974
Liabilities
Liabilities are present obligations of the business that result in outflow of economic resources.
Total Liabilities = Non-Current Liabilities + Current Liabilities
where,
Non-Current Liabilities = $0
Current Liabilities = $0
Total Liabilities = $0
Equity
Is the residue of what is left when Liabilities are deducted from the Assets
Total Equity = Total Assets - Total Liabilities
= $66,974 - $0
= $66,974
Answer:
The correct answer is letter "C": the price rises and demand is elastic.
Explanation:
Price elasticity of demand describes the relationship between changes in quantity demanded and prices. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than 1, the demand is elastic. This means <em>in front of relatively small changes in price, major changes in quantity demanded will occur.
</em>
Therefore,<em> if a good or service increases in price being the product inelastic, the quantity demanded is likely to drop (demand law) implying the producers' revenue will be decreased.</em>
<h2>
10 workers would cause the marginal to exceed the marginal benefits.</h2>
Explanation:
- Let us understand the term "Marginal benefits".
- It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
- In terms of producers, the marginal benefit is termed as marginal revenue.
- Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
- Marginal revenue always falls below marginal cost.
- It is the revenue that the organization receives for selling one additional unit.
Lewin's force field model emphasizes that effective change occurs by unfreezing the current situation, moving to the desired condition, and then refreezing the system so it remains in the desired state.
Kurt Lewin's force field theory argues that organizations are in balance between their forces for change and their resistance to change, a related perspective on how managers can effect change in organizations.
Lewin's Force Field Analysis Model - (Social psychologist Kurt Lewin) A model for system-wide change. Helps change owners diagnose the forces driving and hindering proposed organizational change. Thaw and refreeze. Created by changing the driving force and holding force. -Create urgency for change.
Force field analysis helps teams explore the strengths and weaknesses of a problem and how they affect the solution of that problem. Simple comparisons can present strengths and weaknesses, enabling consensus and shared decision-making.
Learn more about Lewin's force here brainly.com/question/27334968
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