Given that this company wants to differentiate its brand from that of its rivals, the managers should do this examination in order to determine if they have to take immediate actions in order to reduce cost of production.
They have to know if they should immediately take actions to reduce their cost of production at a specific facility due to the fact that the cost of producing one footwear is higher in comparison to their rivals.
By carrying out this comparison with the rivals, this business would be able to tell if there is a way they could cut down their cost and provide more value to their consumers.
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The net total change in total assets comes out to 1,27,0000 when the change in assets and liabilities is computed.
<h3>What do you mean when you say "assets" and "liabilities"?</h3>
A company's assets are everything it possesses. They may be located on the balance sheet's left side. Liabilities are all debts that a company owes, both now and in the future. They may be found on the balance sheet's right side.
Current and fixed assets are the two categories of assets.
- Current assets are those that can be turned into cash immediately. For example, Cash accounts receivable, and inventory is among them.
Current and long-term obligations are the two categories of liabilities.
- Credit lines, loans, wages, and accounts payable are examples of current obligations that must be paid back within a year.
Thus,
According to the aforementioned circumstances, There will be a total shift of 1,27,0000 in assets.
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Answer:
Management override
Explanation:
Management override can be regarded as ability of management as well as those that are in charge of governance
to prepare fraudulent financial statements or to manipulate accounting records through overriding these controls, in this case, the controls might even shows that it is operating effectively. For management overrides to be prevented, culture that encourages honesty as well as one that supports employees that can speak up in cases whereby when they suspect that something is wrong should be built. It should be noted that According to COSO, An example of Management override internal control limitations is an executive's deliberate misrepresentation to a banker who is considering whether to make a loan to an enterprise
Answer:
Explanation:
check the file attached for solution i hope it helps
