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3 years ago

Identify an activity that may not affect independence of mind but is likely to affect independence in appearance.

Business

1 answer:

tresset_1 [31]3 years ago

6 0

Answer:

c. Dependence upon a client for a large percentage of audit fees.

Explanation:

The independence in appearance means that the auditor integrity, objectivity is compromised and the people have the faith in the auditor and it is based on the other interpretation

While on the other hand, the independent of mind means the auditor is fully independent and unbiased for taking the decisions

Therefore according to the given options, the option c is correct as the appearance of independent is impacted due to the more percentage in the audit fees

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Organization Weighs Use of Open Source Software. You began operating a small general electric contracting company two years ago.

Alecsey [184]

Answer:

a. Define the basic business functions that you need the software to be able to perform.

Explanation:

The main function of a business needs to be determined so that business strategy can be formulated. The office manager has made an agreement to spend up to $1000 on the new software. It is now required to determine the basic functions which are needed in the new software for business functioning.

4 0

3 years ago

57.Assume that Major Manuscripts, Inc. is currently operating at 97 percent of capacity and that sales are projected to increase

Ulleksa [173]

Complete Question:

Check the attached file for the complete question

Answer:

The projected addition to fixed assets is $1,533.33

Explanation:

Sales at 100% percent = Sales at current capacity/Current operating capacity

Since the Major Manuscripts, Inc. is currently operating at 97 percent of capacity of the net sales of $17,100

Sales at maximum capacity = 17,100/0.97

Sales at maximum capacity = $17,628.87

Projected to fixed assets = ([Current net fixed assets/Sales at maximum capacity]*Increase in sales) - Current net fixed assets

Projected addition to fixed assets = ([$11,400/17,628.87]*20,000) - 11,400 Projected addition to fixed assets = ([$11,400/17,628.87]*20,000) - 11,400 Projected addition to fixed assets = 12,933.33 - 11,400

Projected addition to fixed assets = 1,533.33

The projected addition to fixed assets is $1,533.33

7 0

4 years ago

he exchange rates of the euro (€ ) and the Japanese yen (¥) relative to the U.S. dollar ($) are listed as follows: Spot Rate Eur

bearhunter [10]

Answer:

€ 0.004871

Explanation:

Direct quote is a method of quoting a foreign currency per one unit of domestic currency.

Indirect quote is a method of quoting a foreign currency in which price of foreign currency is expressed in domestic currency.

In the given question to find the units Euro per Yen we need to divide the Euro per dollar rate with the Yen per dollar rate.

Euro 0.5547 / $1

Yen 111.83 / $1

Euro per Yen = 0.5547 / 111.83 = €0.004871 per ¥1

5 0

4 years ago

A stock pays a constant annual dividend and sells for $31.11 a share. if the dividend yield of this stock is 9 percent, what is

n200080 [17]

The answer should be $2.80 because $31.11 x 9% = $2.80

5 0

3 years ago

who here has a business plan

Ivahew [28]

I am still working on my business plan.

7 0

3 years ago