The answer to this question is that it is an example of
regulatory capture.
<span>Regulatory capture is a situation where in the interest of
the business or firm is being prioritized by the firm in order for them to
advance and succeed. There are two types of regulatory capture; a materialistic
capture and non-materialistic capture.</span>
Answer: d. both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.
Explanation:
Iris will want Joss's services but they will be unable to afford them as Iris is only willing to pay $500 whereas Joss wants $1,200 for the job.
The same goes for Daphne who is only willing to pay $800.
Both of them will therefore want to hire Joss but will be unable to.
Joss could however charge both of them their willingness to pay and then sum the cash up and give them both the research whilst still making a profit.
Answer:
The answer is D.
Explanation:
A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.
Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)
Answer:
The answer is below
Explanation:
Probability distribution are statistical function that shows all the possible outcomes of a random variable within a given range of values.
a) The mean (
) of a probability distribution of a discrete random variable is:
![\bar x=\Sigma\ [xP(x)]](https://tex.z-dn.net/?f=%5Cbar%20x%3D%5CSigma%5C%20%5BxP%28x%29%5D)
= (0 * 0.8) + (1 * 0.15) + (2 * 0.04) + (3 * 0.01) = 0.26
b) The standard deviation (σ) of a probability distribution of a discrete random variable is:
![\sigma=\sqrt{ \Sigma\ [(x-\bar x)^2*P(x)]}\\\\\sigma=\sqrt{(0-0.26)^2*0.8+(1-0.26)^2*0.15+(2-0.26)^2*0.04+(3-0.26)^2*0.01} \\\\\sigma=0.577](https://tex.z-dn.net/?f=%5Csigma%3D%5Csqrt%7B%20%5CSigma%5C%20%5B%28x-%5Cbar%20x%29%5E2%2AP%28x%29%5D%7D%5C%5C%5C%5C%5Csigma%3D%5Csqrt%7B%280-0.26%29%5E2%2A0.8%2B%281-0.26%29%5E2%2A0.15%2B%282-0.26%29%5E2%2A0.04%2B%283-0.26%29%5E2%2A0.01%7D%20%5C%5C%5C%5C%5Csigma%3D0.577)
You will have a higher interest and will be in debt for longer
