Answer:
Recession.
Explanation:
Recession: It is defined as a gradual decline in economic activity as consumer and business spend a lesser amount of money in the market, which leads to a decline in the gross domestic product of the nation. If there is a decline in GDP for consecutive two quarters then it is an indicator that the economy is heading toward recession. It is also considered a business cycle contraction.
B. Professional Service
The service process matrix rates services from low to high on labor intensity and on customization. Professional services are high on both.
Net pay = $18 * 72% = $12.96 per hour
Hours worked = 40 hours * 4weeks = 160 hours
So, the net pay for 160 hours is:
Net pay = Pay per hour × Hours worked
=$12.96 × 160 =$2,073.6
Monthly cash inflow = Net pay − Expenses
= $ 2073.6 − $ 1,800 = $273.6
So the monthly cash inflow is $273.6
What's the purpose of a monthly cash flow report?
The monthly cash flow report's main objective is to give a general picture of the month's financial operations. Monthly cash flow statements are used by businesses to keep a careful eye on cash inflows and outflows.
What is net pay?
Net pay is the term used to describe the take-home pay that employees get after all payroll deductions have been made from their gross pay.
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Answer: D. The auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate
Explanation: For this scenario, the only true option is that, the auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate.
Attributed sampling states that items being sampled will either or won't possess certain attributes or quantities.
