Answer:
Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.
Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.
1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.
2.auditor is a professional inside audit
Financial management
1.Financial management refers to managing the fund of an organization.
2.finance manager is a professional inside finance management.
Answer:
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Explanation:
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Answer:
(a) Compute the return on investment (ROI) for the current year.
Current ROI 8.72%
Explanation:
Sales 3,018,000
- Variable Cost 1,979,808
- fixed cost 594,600
Operating Income 443,592
Operating assets 5,087,200
Return on Investment
ROI = 433,592/5,087,200 = 0.087197 = 8.72%
Answer:
The correct answer is: the ability to produce a good or service at a lower opportunity cost than another.
Explanation:
Comparative advantage implies the ability to produce a good at lower opportunity cost. Opportunity cost is the cost of giving up the alternative.
A nation is considered to be enjoying a comparative advantage in the production of a good if it can produce the good at a relatively lower opportunity cost than other nations.
A nation is said to be specializing in the production of a commodity if it has a comparative advantage in production.
The correct answer is D) Both subparts apply, as these individuals are under the legal age of consent and are incarcerated.
Neither Subpart C (Prisoners) nor Subpart D (Children) applies to juveniles in the correctional systems because wardens of juvenile prisoners (unlike those for adult prisoners) act in loco parentis for juvenile offenders. This statement is false because "Both subparts apply, as these individuals are under the legal age of consent and are incarcerated."
If there is any confusion, the term "loco parentis" means that a person or institution takes the legal responsability of parents. But in the correctional systems, people brought there have committed some kind of infraction, aggression, disobey the law or any kind of misbehavior. So wardens of juvenile prisoners do not act or have legal responsability as parents have.
The other options of the question were A) The need for the signatures of both parents outweighs the two subparts. B) Subpart C still applies, as the potential subjects are juveniles. C) Only subpart C applies because of the need for assent forms, as a result of in loco parentis status for juveniles.
