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larisa [96]
4 years ago
8

Bankers who are processing loan applications from companies seeking large loans will probably ask for financial statements audit

ed by an independent CPA because________________
Business
1 answer:
katrin2010 [14]4 years ago
6 0

Answer:

they believe that independent opinion expressed by an independent auditor on such a financial statement is more reliable than financial statement not from such a source due to potential conflict of interest.

Explanation:

The financial statement audited by an independent CPA is more reliable than the ones audited by a non-independent CPA. This is so because of the statutory responsibilities of the independent CPA.

The non-independent CPA is under the control of the management but the independent CPA is not responsible to the management but the shareholders.

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an activity that a company performs poorly in comparison to its competitors is an example of a competitive deficiency, or quizle
torisob [31]

Answer:i would say weakness if its a choice

Explanation:

3 0
2 years ago
Context content and culture are
Black_prince [1.1K]

Complete Question:

Context, content and culture are:

O Important ethical concepts

O Important marketing concepts

O Corporate ethics policy

O Three dimensions of evaluating corporate gifts.

Answer:

Context, content and culture are:

O Three dimensions of evaluating corporate gifts.

Explanation:

Corporate gifts may turn out to be regarded as bribery if they are meant to induce the other party to alter their behaviors.  This is why in evaluating corporate gifts, the criteria have always included the context (the circumstances in which the gifts are given), the content (how much is given), and the culture (the accepted general practice in a particular industry, locality, or region).  Generally, corporate gifts are given either as means of showing appreciation, creating positive first impression, or returning some favors.

8 0
3 years ago
The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is divided into three activity pool
tatuchka [14]

Answer:

The ABC overhead for a Deluxe kayak will be $170.93

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We are going to divide the overhead cost over the cost driver of each activity.

\left[\begin{array}{cccc}-&Overhead&Total&Rate\\fabric&246,000&10,000&24.6\\assembly&144,000&32,000&4.5\\setup&110,000&15&7,333.33\\\end{array}\right]

Now we apply the rate to Deluxe Kayak:

\left[\begin{array}{cccc}-&Rate&Deluxe&Overhead\\fabric&24.6&10,000&246,000\\assembly&4.5&24,000&108,000\\setup&7,333.33&10&73,333.33\\Total&-&-&427,333.33\\\end{array}\right]

Finally we divide the overhead for Deluxe between the units produced

427,333.33/ 2,500 = 170.933 = 170.93

3 0
3 years ago
ABD common stock is selling for $36.08 a share. The company has earnings per share of $.34 and a book value per share of $12.19.
Morgarella [4.7K]

Answer:

The market-to-book ratio is: $2.96

Explanation:

The market-to-book ratio compares the market value of an organization with its book value. The formula to calculate market-to-book ratio is equal to the market price per share divided by the book value per share. So,

Market-to-book ratio= $36.08/$12.19

Market-to-book ratio = $2.96

5 0
3 years ago
Which crimes are complete when the criminal act and criminal intent occur and there is no requirement for resulting harm?
natta225 [31]
Conduct crimes

Hope this helped!
4 0
4 years ago
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