1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Xelga [282]
3 years ago
7

The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t

o serve the best interests of the investing public?", refers to concerns about:
Business
1 answer:
Brrunno [24]3 years ago
8 0

Answer:

The correct answer is "Conflict between professionalism and commercialism".

Explanation:

  • As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.
  • A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.

So that the given statement refers to the above solution.

You might be interested in
Surrender of shares is the same thing as forfeiture of shares comment
Nimfa-mama [501]

Answer:

False

Explanation:

The main difference between "Surrender of Shares" and "Forfeiture of shares" is the existence of compulsiveness. Although the two terms result in the loss of shares, the "Surrender of Shares" is done voluntarily, when the company or the shareholder decides to return the shares. The "Forfeiture of shares" occurs when the shares are taken compulsorily, due to non-payment or failure to meet deadlines.

6 0
3 years ago
A company uses the following standard costs to produce a single unit of output. Direct materials 7 pounds at $0.60 per pound = $
Naddika [18.5K]

Answer:

Direct material price variance= $20,100 unfavorable.

Explanation:

Giving the following information:

Direct materials 7 pounds at $0.60 per pound = $ 4.20

During the latest month, the company purchased and used 67,000 pounds of direct materials for $.90 per pound to produce 10,000 units of output.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.60 - 0.90)*67,000= $20,100 unfavorable.

7 0
4 years ago
Alfa Co. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is so
oee [108]

Answer:

Break-even point in units=  25,000

Break-even point (dollars)= $125,000

Explanation:

<u>To calculate the number of units to be sold and the sales dollars required, we will use the break-even point analysis. The following formulas are required:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (30,000 + 20,000) / (5 - 3)

Break-even point in units=  25,000

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= 50,000 / (2/5)

Break-even point (dollars)= $125,000

7 0
3 years ago
Due TODAY!
liberstina [14]
True I hope it’s right :)
8 0
3 years ago
Read 2 more answers
Sales and marketing users have similar roles, and use similar record types. However, sales uses 3 different fields and marketing
Vinil7 [7]

Answer:

the correct answer is 2 page layouts, 1 record type, 2 profiles

Explanation:

The importance of records types is they allow you to offer different business processes, business solutions and  answers to different consumers and customers.

Having the option to Customize is useful during the sales processes as each new user/customer has a different set of needs and wants.

5 0
3 years ago
Other questions:
  • Use the following for this question and the next one. You will need your answer for this question to complete the next question.
    10·1 answer
  • If you were applying for a job as a file clerk in a medical office, which of these qualifications or experiences would be least
    13·1 answer
  • Shale Miner Co. acquired mineral rights for $60,000,000. It is estimated that there are 80,000 tons of the resource; during the
    6·1 answer
  • A random sample of 121 bottles of cologne showed an average content of 4 ounces. it is known that the standard deviation of the
    6·1 answer
  • If the demand for a good increases by more than the supply of the good increases, then the goods equilibrium price will ________
    12·1 answer
  • Ceteris paribus​, if the price of Pepsi​ increases, the equilibrium price of​ Coca-Cola will​ ________ and the equilibrium quant
    15·1 answer
  • Discounts taken by a buyer because of early payment are recorded on the seller’s accounting records as Group of answer choices a
    7·1 answer
  • Kelly purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals th
    9·1 answer
  • Head-First Company plans to sell 5,170 bicycle helmets at $74 each in the coming year. Unit variable cost is $45 (includes direc
    9·1 answer
  • Follow = Multiple thanks ​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!