Answer: B. The industry which they operate
Explanation:Different companies carry out the functions of purchasing, procurement and supply differently and these depend on how they operate. For example supply chain in a manufacturing company, it will produce items that will be stored in warehouses and other locations, making the supply chain more complex, on the other hand if it's a Service Provider company which uses a make-to-order business model, there will be no need for storing finished products, Therefore, it is clear that supply chains including procurement , purchasing and supply depend on the nature of the company.
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- The contribution margin income statement allows users to easily judge the impact of a change in <u>selling price, cost, or volume</u> on profit.
The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.
After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,
Net product revenue - Total variable cost ÷ product revenue.
A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.
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Answer:
How much must Icon allow Emily to diversify this year?
The answer is $250,000
Explanation:
- After attaining the age of 55 years and participating already for ten years in the ESOP.
- Emily will be allowed to diversify the value equal to 25% of investments.
- 50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
- Since here in the past no amount has been diversified by Emily so she will be allowed 25 % of investment to diversify in the current year which comes to $250,000 ($1,000,000* 25%). Thus the answer is $250,000.
Answer:
Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.
<h3>
How does the auditor obtain reasonable assurance?</h3>
- In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
- Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.
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These dashboards help teams keep track of the progress and success of company-wide metrics and enable management to make data-driven decisions on future business goals. Management dashboards may include graphs, images, tables, numeric data, and data from case studies, or a combination of these elements.