The correct answer would be B. Depreciation
Auditors would comunicate with the audit committee for critical accounting practices including the significant accounting policies and practices for evaluating certain evidences related to the transaction.
Some of the other communications made to audit committee should be an overall audit strategy with time of the audit and significant risks involved for assessing risks and procedures regarding the transaction.
Auditors are required to solve the financial accounting problems and are not accountable for unusual insignificant transactions and procedures and policies.
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Answer:
(D) $5; $150
Explanation:
MR=MC, marginal cost is the market price, which is 5$.
And she is making a dollar per based on the average total cost;
so selling 150 =$1 ×150
= $150 .
In the context of a market orientation, it is more efficient and less expensive for an organization to RETAIN EXISTING CUSTOMERS.
Retaining existing customer is easier for a company to do than wining new customers. Winning new customers will entails spending money on advertisement and other forms of marketing strategies which are geared towards attracting customers.
Answer:
PED = -0.67 or |0.67| in absolute terms, price inelastic
Explanation:
price elasticity of demand = percentage change in quantity demanded / percentage change in price
percentage change in quantity demanded = (110 - 90) / 90 = 22.22%
percentage change in price = ($0.80 - $1.20) / $1.20 = -33.33%
PED = 22.22% / -33.33% = -0.67 or |0.67| in absolute terms, price inelastic
