Explanation:
Period costs are always expensed on the income statement in the period in which: they are incurred.
Answer:
(a) 2 and 9
(b) 5, 6 and 7
(c) 1, 4 and 8
(d) 3
Explanation:
(a) financial statement audits,
2. Determine whether an advertising agency’s financial statements are fairly presented in conformity with GAAP. ( independent (external) auditors )
9. Report on the need for the states to consider reporting requirements for chemical use data. d governmental auditors Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex. ( independent (external) auditors )
(b) compliance audits,
5. Investigate financing terms of tax shelter partnerships. ( governmental auditors (IRS) )
6. Study a private aircraft manufacture’s test pilot performance in reporting on the results of text fights ( internal auditors )
7. Conduct periodic examinations by the U.S. Comptroller of Currency of a national bank for solvency. ( governmental auditors )
(c) economy and efficiency audits, and
1. Analyze proprietary schools’spending to train students for low-demand occupations ( governmental auditors )
4. Compare costs of municipal garbage pickup services to comparable services subcontract to a private business. ( internal auditors )
8. Evaluate the promptness of materials inspection in a manufacture’s receiving department. ( internal auditors )
(d) program results audits.
3. Study the effectiveness of the Department of Defense’s expendable launch vehicle program. ( governmental auditors )
Answer:
B) change your promotional campaign
Explanation:
A company should advertise that it is the no.1 selling product X in the market
Answer: d. A price near $60
Explanation:
The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.
This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.
Answer:
The correct answer is letter "E": Derived demand.
Explanation:
Derived demand implies the quantity requested to manufacture a good is directly related to the supply requested from the market. If the demand for the good increases, it means the quantity of the materials needed to manufacture that good will increase as well.
