C actions the federal reserve takes to influence the economy
Answer:
C. overstate changes in the cost of living because the weight assigned to energy is too small
Explanation:
the weight in this index uses less energy efficient houses as the construction cost were higher
and relies more on energy which was cheaper at the time.
Because of this, now the index will overstate the changes in the cost of living.
The weight assigned to energy changed and people shift to more energy efficient houses to save in his energy bill's. The consumers will always shift their consumption to avoid unnecessary spending. In this case, construct more energy efficient houses and sasve on the billing
Answer: Planned obsolescence
Explanation:
Planned obsolescence is one of the type of strategy in which the organization basically ensure about the present version of the given product so that the present become obsolete after some time means out of fashion for not in use.
The planned obsolescence is basically used for designing the industrial and helps in planning the various types of policies for making the products in an organization.
According to the question, the given example is best illustrating the planned obsolescence situation. Therefore, Planned obsolescence is the correct answer.
Answer:
$16,580
Explanation:
Bobby's basis in the machine is the amount of cash paid by Bobby for the machine.
Given that,
incurred costs with the purchase:
$3,300 cash paid
$12,500 financed
$450 delivery charge
$330 installation charge
Bobby's basis in the machine:
= Cash paid + Amount financed + Delivery charge + Installation charge
= $3,300 + $12,500 + $450 + $330
= $16,580
Answer:
a) Determination of whether the client's financial statement assertions are fairly stated in accordance with GAAP.
Explanation:
The essential purpose of the external audit function is that the financial statement of the client does not contain any mislead statements, give true and fair value of assurance to the external auditor, follow accounting principles called GAAP.
It checks that client business run in a smooth manner or not which represents legal compliance, industry compliance, etc. Moreover, it also detects the error or fraud, if any.
