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SIZIF [17.4K]
3 years ago
14

An examination of the financial statements of a business to ensure that they conform to generally accepted accounting principles

is called:_______
a. A certification
b. An audit
c. A verification
d. A validation
Business
1 answer:
ra1l [238]3 years ago
4 0

Answer:

The correct answer is letter "B": An audit.

Explanation:

An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent. An audit is often used to mean an examination of a taxpayer's records by the Internal Revenue Service (IRS).

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What is the last step of planing?​
Andrej [43]

Answer:

The last step in planning process is the implementation part. The planning should be put into action so that business objectives may be achieved. The implementation will require establishment of policies, procedures, standards and budgets.

7 0
2 years ago
In the past, manufacturer's representatives did not have real-time inventory data about the products they were selling. Today, m
Airida [17]

Answer:

sharing information across the organization.

Explanation:

ERP software systems allow employees accurate and timely access to real time information about the company's areas that they work with. This can optimize how the company operates and increase cooperation between different areas. Also unnecessary operations and delays are eliminated.

Before, salespeople had to continuously check with inventory department about what products were available and ready to be sold, which caused delays and time is money.

6 0
3 years ago
What does it mean to trust intent to avoid conflict
Gekata [30.6K]

Answer:

If you don't trust the other party, you can't resolve conflict with them. You may even come to an agreement but without trust, you won't stick to it. ... In negotiations, parties who trust each other are more likely to cooperate and reveal information that may risk vulnerability.

3 0
2 years ago
true or false and then EXPLAIN why. Assume the economy produces five goods. If the prices of three of the goods increase, then t
Ipatiy [6.2K]

Answer:

The correct answer is False.

Explanation:

The prices of goods and services are fundamentally determined by their demand and supply. When they increase or decrease, it is because one of these two variables has led to a change. Specifically, an increase in prices occurs especially for three reasons.

Case 1: Supply is maintained and demand increases :

In this situation, companies continue to offer the same amount of a good or service, but we all buy more of them. This can happen for many reasons, among them, an increase in the population (there are more people and more traffic jams and more bikes are sold for circulation on the urban road), it becomes somewhat fashionable, our incomes increase, etc.

It can also happen that the price of a substitute rises (goods that give us exactly the same, such as orange soft drinks of one brand or another). If the price of brand X increases, the demand for brand Y will surely increase, since it will cover the same need at a lower price.

Case 2: Supply falls and demand remains :

A reduction in the supply of companies will make it more expensive. It can happen for a wide range of reasons: from the number of companies with these offers decreasing until the technology of some firms becomes outdated and only a few remain on the market. It may also happen that the price of inputs increases and that manufacturers cannot produce the same quantity as before due to this increase in price.

Case 3: Supply falls and demand increases :

In this case, a ‘mix’ of the phenomena that we have seen previously would take place. However, there are other more specific variables that cause prices to vary. For example, on occasion, governments artificially increase their monetary base. In other words, they use the strategy of manufacturing and issuing money, with more money in circulation than an economy really needs.

8 0
3 years ago
The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they su
DedPeter [7]

Answer:

1. Equilibrium price ,p = $1.20 per pound, equilibrium quantity = 95 million pounds.

2. Surplus = 0

Explanation:

1. From the question,

the equilibrium price = 1.20

The equilibrium quantity = 95 million per pounds.

Equilibrium is gotten when Quantity supplied = quantity demanded.

2. When price floor == $1.00

Quantity demanded = 101

Quantity supplied = 79

Monthly surplus = 79 - 101 = -22

Quantity demanded > quantity surplus.

This implies that there is no surplus.

Surplus = 0

3. If a decrease in cost of feeding cows shift supply by 40 million we will have new supply schedule =

New qs = Qs + 40

63+40 = 103

71+40= 111

79+40 = 119

87+40= 127

95 + 40 = 135

103 + 40 = 143

111+40 = 151

119 + 40 = 159

127 + 40 = 167

135 + 40 = 175

143 + 40 = 183

4 0
3 years ago
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