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zheka24 [161]
3 years ago
5

If $15,000 is considered to be material to the income statement, but $25,000 is material to the balance sheet, the auditor shoul

d set overall materiality at which of the following dollar amounts?
a. $20,000
b. $25,000
c. $40,000
d. $15,000
Business
1 answer:
Elanso [62]3 years ago
7 0

Answer:

The correct option is d.

Explanation:

It is given that $15,000 is considered to be material to the income statement, but $25,000 is material to the balance sheet.

Material to the income statement = $15,000

Material to the balance sheet = $25000

The auditor should set overall materiality according to the income statement.

The auditor should set overall materiality at $15,000.

Therefore the correct option is d.

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Drag the tiles to the correct boxes to complete the pairs.
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The mutual fund charge investors can charge you certain fee which is equivalent to the investment assets percentage. Also, an unofficial benchmark has been fixed to 1 %, though the advisers can take from you a little less or a little more. Hence, if you are investing $200,000. you need to invest $2000 each year as fee. However, the commission varies with product types as well

Explanation:

The mutual fund charge investors can charge you certain fee which is equivalent to the investment assets percentage. Also, an unofficial benchmark has been fixed to 1 %, though the advisers can take from you a little less or a little more. Hence, if you are investing $200,000. you need to invest $2000 each year as fee.

However, the commission varies with product types as well. The ELSS fund requires 4.5%  to 1%, the equity funds requires 0.5 to 2.5% and debt funds require 0.2% to 0.8%.

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4 years ago
To maximize utility a consumer should allocate money income between goods and services consumed so that the:
Oduvanchick [21]
The answer is B :) <span>marginal utility obtained from the last dollar spent on each product is the same.</span>
8 0
3 years ago
When a new variety of Envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in ____ wh
lbvjy [14]

When a new variety of Envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in "limited decision making" when deciding whether or not to purchase this new product.

<h3>What is limited decision making?</h3>

When buying things that need a reasonable amount of time and effort to compare models and brands before making a decision, consumers use limited decision-making.

Some features of limited decision making are-

  • When you require knowledge on an unexpected brand inside a well-known product area, perhaps. takes some time to obtain the necessary information.
  • Examples include clothing, when the brand is unknown but the product class is known.

The three categories of decisions-making are-

  • Organisational direction is determined by strategic decisions.
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  • Last but not least, operational decisions are those that staff members take on a daily basis to manage the company.

To know more about use of limited decision making while purchasing, here

brainly.com/question/14366090

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2 years ago
5. Successive US administrations have accused the Chinese government of manipulating their currency (Yuan) to
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A weaker Yuan against the US dollar makes Chinese exports cheaper, increases demand, and makes US exports to China more expensive, thereby reducing the demand for US exports.

<h3>What is international trade?</h3>

International trade is the global exchange of goods and services among countries of the world, involving the use of the foreign exchange.

The three types of international trade are:

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Thus, by manipulating the Yuan, the Chinese government ensures that it has a more competitive advantage over the United States in international trade.

Learn more about Chinese Yuan Manipulation at brainly.com/question/27858412

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2 years ago
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