Answer:
An error is unintentional, whereas fraud is intentional.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.
Hence, the statement which is the most correct regarding errors and fraud is that, an error is an unintentional that can happen to any financial expert, whereas fraud is intentional.
Cost accounting compiles the cost of raw materials, work-in-process, and finished goods inventory, while financial accounting incorporates this information into its financial reports (primarily into the balance sheet). ... Financial accounting personnel issue reports only at the end of a reporting period.
Answer:
Companies usually buy ____real______ assets. These include both tangible assets such as ___property, plant, and equipment____________ and intangible assets such as ____patents, copyrights, and brands_________. To pay for these assets, they sell ____financial_________ assets such as_____bonds________. The decision about which assets to buy is usually termed the _____investment________ or _____capital budgeting__________ decision. The decision about how to raise the money is usually termed the ____financing_________ decision.
Explanation:
Real assets can be tangible or intangible assets. They are also known as long-term or fixed assets, given their time horizon before they are fully consumed in production. Real assets, which possess intrinsic value, can be distinguished from financial assets, which are based on contractual claims or securities, including stocks and debts. In any management role, decisions are made about capital budgeting or investment. These also require financing decisions to fund the investments.
Answer:
$2,200,000
Explanation:
Fixed cost = $12,500,000
Variable cost = 525,000 * $12 = 6,300,000
Total cost = Fixed cost + Variable cost = $12,500,000 + $6,300,000 = $18,800,000
Total revenue = 525,000 * $40 = $21,000,000
Profit = Total revenue - Total cost = $21,000,000 - $18,800,000 = $2,200,000
Therefore, the profit it will earn in terms of dollars is $2,200,000.
A mutual fund that only invests in companies outside the united states is called a(n) <u>sector </u>fund.
A mutual fund is a professionally controlled investment fund that swimming pools money from many traders to purchase securities. The time period is commonly used inside the united states of America, Canada, and India, at the same time as comparable structures throughout the globe including the SICAV in Europe and open-ended funding corporation within the united kingdom.
A mutual fund is a pool of money controlled by a professional Fund manager. It's far a consider that collects money from some the buyers who share a common investment objective and invests the same in equities, bonds, cash marketplace instruments, and/or different securities.
Mutual funds are good funding for traders looking to diversify their portfolios. in preference to going all-in on one company or enterprise, a mutual fund invests in special securities to try and reduce your portfolio's risk.
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