Suppose a perfectly competitive firm's total cost of production (TC) is:

A basic premise underlying analytical procedures is that

Tcecarenko [31]

Answer:

C Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.

Explanation:

Analytical procedures are defined as a set of practices during financial audit that assists the auditor asses potential risk, gain better understanding of a business, and give a framework for planning of future audits.

It shows relationship between financial and non financial data.

For example variability in relationships between financial and non financial data can result from factors like unusual events, business changes, random fluctuations, and misstatements.

So the basic underlying premise is that relationship among data will continue except conditions influence it to the contrary

7 0

3 years ago

If demand increased by 100 units at each price level, and the government set a price ceiling of $40, then there will be

mel-nik [20]

Answer:

no surplus or shortage

Explanation:

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If demamd increases by 100, new equilibrium is 40

Thus, ceiling price equal equilibrium

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Effects of a binding price ceiling

It leads to shortages

it leads to the development of black markets

it prevents producers from raising price beyond a certain price

It lowers the price consumers pay for a product. This increases consumer surplus

4 0

3 years ago

A large computer manufacturer forbids its executives and managers from serving as directors or officers for Intel Corporation or

posledela

Answer:

Conflict of interest(COI)

Explanation:

The large computer manufacturing company is trying to prevent a conflict of interest.

Conflict of interest(COI): This occurs when an individual is occupying two different social position at the same time in which different benefits are attached to each social roles. It can disrupt the decision-making process of an individual which could lead to loss of integrity.

Conflict of interest arises when an individual has competing obligations because of their duties to more than one person or organization simultaneously.

An individual is subject to two coexisting interests that are in direct conflict with each other.

Conflict of interest can also involve an organization. It could be a case in which an individual or organization performs two different roles simultaneously, and performing an obligation could involve working against another.

A person or organization with conflict of interest can't be 'just' in their decision making.

5 0

3 years ago

On January 1, 2019 Miller Corporation had retained earnings of $8,000,000. During 2019, Miller reported net income of $1,500,000

Stels [109]

Answer:

$9,000,000

Explanation:

As we know, in preparing accounts, the following steps are considered:

From all the revenues earned, all the expenses are deducted, and then we get net revenues.

From such net revenues all the taxes are provided.

Then all the appropriation in the form of dividend is provided.

Firstly to preference and then to equity.

After that all the remaining earnings are added to retained earnings.

In the given instance,

Net Income - Dividend = $1,500,000 - $500,000 = $1,000,000

Now this will be added to opening retained earnings.

Therefore, retained earnings balance at year end = $8,000,000 + $1,000,000

= $9,000,000

4 0

3 years ago

When resistance to change is based on insufficient, incorrect, or mis-leading information, managers should use ____ as an approa

taurus [48]

Answer:

C. Education and communication.

Explanation:

Since in the question it is mentioned that the resistance to change depend upon the non-sufficient, not correct or the information that misleads so here the managers should use the education & communication for managing the resistance as the given situation represent the education and communication scenario.

Therefore the same is to be considered

hence, the correct option is B.

3 0

3 years ago