Answer:
Larson did not have actual or constructive knowledge of the misstatements.
Explanation:
When a CPA conducts an audit of a firm's statements, they do not give a guarantee that all the firm's statements are accurate. Larson CPA is only giving an opinion that the books of its clients follows the generally accepted accounting practices.
They should however not knowing give opinion on statements that they know is untrue.
So the best defense for Larson Associates is that they did not have actual or constructive knowledge of the misstatements. Since they do not guarantee that all statements of the client is accurate.
Based on Gamma Inc's asset turnover, operating margin, and debt burden, the Return on Equity would be<u> 11.48%. </u>
<h3>What would be Gamma's Return on Equity?</h3>
This can be found by the formula:
= Asset turnover x Operating profit margin x Leverage ratio x Debt burden
Solving gives:
= 0.85 x 0.15 x (1 / (2/3)) x 0.6
= 11.475%
= 11.48%
In conclusion, the ROE is 11.48%.
Find out more on ROE at brainly.com/question/13442889.
Answer:
Yes, they have created an ERISA plan
Explanation:
For proper understanding, is important to know the meaning of ERISA plan
ERISA stands for Employee Retirement Income Security Act. ERISA is a federal law enacted in 1974 that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individual employee in these plans. Since the types of cancer insurance and dread disease policies will be offered through the employer and the employer will be compensated. It's categorized as an ERISA plan and follows ERISA Regulations
The least urgent concern if you are stranded in a remote area is that whether you have a shelter or a place that you could stay until the rescue arrives. It is because the most urgent concern that you have to deal with or prioritize first is your food and the materials you need to survive.
Answer:
Externalities can be defined as those activities that incurs cost on another party.
Road congestion creates externalities such as increased time for travel, more pollution in a city, more likelihood of accidents, more stress for road users.
This externaliity is caused because road users think of the private benefits that they can get from using the road but they do not take the social cost into account. We have lots of drivers on the road and non of these drivers takes cognizance of the cost that other drivers get because of this.
If road are private, congestion is going to fall and there would be excludability. But this is a public good, turning it to a private good would cause issues. Private markets benefits out is positive externalities.