Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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<span>The standard of proof to find a defendant who has been charged with a crime guilty is beyond a reasonable doubt. This means Sun-Hi can only be found guilty by jurors after all the evidence is given and all the the facts and information about the case has been given as well. The jurors must be convinced that Sun-Hi is guilty of the crime by using the evidence. This term creates a standard for all courts in the U.S. to follow, which ensures the court process is done right.</span>
Answer:
b. 6 units
Explanation:
Output Revenue Costs = Profit ( Revenue - Costs)
0 0 10 = -10
1 8 12 = -4
2 16 15 = 1
3 24 19 = 5
4 32 24 = 8
5 40 30 = 10
6 48 37 = 11
7 56 46 = 10
8 64 55 = 9
9 72 65 = 7
Note: The revenue is calculated by multiplying output by the market price of $8.
The firm should produce 6 units to maximize their profit which is $11.
Answer:
The correct answer is the option E: It can charge very high prices.
Explanation:
To begin with, the business presented in the case as a real estate company that provides housing services to retired individuals who typically are above the age of sixty can charge high prices to their customer due to the fact that basically they are looking for the most important service that there is in the market, a house. Moreover, the fact that the company only sales to retired people and therefore it specializes in a niche market indicates that the company is good at what they do an that is why those individuals choose it. Furthermore, the fact that these elderly people go to the organization expecting to find a house with peaceful surroundings generates the fact that they are willing to pay as much as they can to have the best for them at the very last of their time.
Answer:
The correct answer is B. can use different depreciation methods for tax and financial reporting purposes.
Explanation:
Corporations are allowed to use various depreciation methods (in a straight line, double decreasing balance and the sum of the digits of the years). For fiscal purposes, using the MACRS recovery periods, the assets of the first four classes of property are depreciated using the double declining balance method.
