Answer:
The correct answer is letter "D": The senior should have aided the new auditor in formulating a plan for accumulating appropriate evidence.
Explanation:
For ethical and professional purposes, every time a piece of information is not clear several facts must be collected to complete the vague idea. In Auditing as in any other profession, the evidence must be gathered to confirm the company being audited is not committing fraud or forbidden practices.
Thus, in the example, the senior auditor should have helped the inexperienced editor in coming up with a plan to collect enough information about the budget difference. If that was not successful, they could have stopped the auditing until they received clarification of the situation.
Answer:
22,600 units
Explanation:
Depreciation = Asset price ÷ Usable life
= $756,000 ÷ 6
= $126,000
Break even point:
= (Fixed cost + Depreciation) ÷ (Sales price - Variable cost)
= ($665,000 + $126,000) ÷ ($60 - $25)
= $791,000 ÷ $35
= 22,600 units
Therefore, the accounting break-even point is 22,600 units.
Answer:
Option 4 Analytics
Explanation:
The reason is that business analytics uses the sophisticated patern of available data of the organization on the basis of the past data to make an assessment of the situation and make an informed decisions that benefits most to the company.
So here the company is using trends which include seasonal trends and forecasting techniques to assess the situation and make informed decision based on the data extracted which best alligns with Business analytics.
Answer:
Which of the following is not a cost created by high inflation?
A. Inflation causes the real wage to fall which means that firms have to pay more for workers.
B. Inflation causes the real interest rate to change which can make it more difficult to borrow and lend money.
Explanation:
High inflation may also lead to higher borrowing costs for businesses and people needing loans and mortgages as financial markets seek to protect themselves against rising prices and increase the cost of borrowing on short and longer-term debt.
Wow! Ann's loan for 12,000$ with an annual interest rate of 5.65% for one year is 2,124. Multiply the 2,124$ annual interest rate time 4 years and the total annual interest rate would be 8,496$!
Add that to the cost of the loan
12,000 + 8496 = $20,496.00 US dollars is the total cost of the loan if no late payments are made that would accrue an additional monetary fine or penalty that would be added to the totality of the loan anually and increase the entire amount substantially.