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docker41 [41]
3 years ago
12

A surplus can be best defined as:

Business
1 answer:
ohaa [14]3 years ago
8 0

Answer:

c) Having money left over after meeting your expenses

Explanation:

Surplus refers to having an excess of something. A surplus is when a person or a country has more of an item than they require.

From the choices provided, a surplus will be having money left over after meeting your expenses. This individual has more money than they need. The surplus amount is the remainder after meeting all the expenses. In business, excess money is saved or invested to generate more income. A country with surplus products exports to other countries.

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The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t
OleMash [197]

Answer:

B. Conflict between professionalism and commercialism

Explanation:

The conflict between professionalism and commercialism speaks to the debate on satisfying the management of an organisation as an auditor in order to meet economic situations and the need to be professionally independent of management in order to make a true and fair statement of the state of the organisation available to the shareholders as well as potential investors and the general public.

Because the management of an organisation runs the day to day affairs of that organisation, the Auditor in performing his duty interacts more with management and as such, the security of his future engagements may depend on favourable opinions of the management. This is commercialism

However, professionalism dictates that ethically, irrespective of the position of the management of an organisation, an auditor should always report the true and fair state of the business.

This represents the conflict expressed by Lynn Turner.

4 0
3 years ago
"A customer is long the Swiss Franc at a cost of $.60 per SF. The customer wishes to place a collar on the position using PHLX S
AURORKA [14]

Answer:

To create the collar, the customer would: <u>buy 1 PHLX 59 SF Call and sell 1 PHLX 61 SF Call.</u>

Explanation:

The meaning of a "collar" is that a put is bought at a strike price that is less than the price of the underlying instrument (this implies that a floor has been put on the price of the instrument); and that a call is disposed at a strike price which is higher than the price of the underlying instrument (this indicates that a ceiling above which the instrument will be called away has been created).

When a collar is put on the price, it indicates that the customer is majorly giving a guarantee for the underlying instrument's minimum and maximum price.

This should make the net cost of the collar to be close to zero due to the fact that the two contracts are "out the money" and also because the premium paid to buy the put is offset by the premium received when the call was sold.

Therefore, since customer in the question wishes to place a collar on the position using PHLX SF FLEX options, he would <u>buy 1 PHLX 59 SF Call and sell 1 PHLX 61 SF Call</u> to create the collar.

3 0
3 years ago
9) what is one downside of using a savings account instead of a checking 1pc
White raven [17]

Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.

<h3>What is meant by checking account?</h3>

Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.

Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.

Thus, option B is correct.

For more details about checking account, click here:

brainly.com/question/22857190

#SPJ1

4 0
1 year ago
2. A company's accounting records reveal that Supplies had a beginning balance of $1,000. During the accounting period, the comp
Akimi4 [234]

Answer:

$100

Explanation:

Of the beginning balance on the supplies account was $1,000 and purchase of supplies of $500, it would have given a balance of $1,500 in the supplies account during the day for the business. The amount that was used from supplies at end of day is $1,400.

So balance at end of day is 1,500- 1,400= $100.

Alternatively we can use the following formula

Closing balance= Opening balance+ Inflows - Outflows

Closing balance= 1,000+ 500 - 1,400

Closing balance= $100

8 0
2 years ago
The nurse instructs a pregnant client regarding fetal growth and development. Which statement indicates that the client requires
ELEN [110]

Correct/Complete Question:

The nurse instructs a pregnant client regarding fetal growth and development which statement indicates the client needs further teaching?

A. The fetus keeps growing throughout pregnancy

B. The fetus may be underweight if it's exposed to smoke

C. The fetus gets nutrients from Amniotic fluid

D. Fetus it's oxygen from blood in the placenta

Answer:

C, the fetus gets nutrients fro the amniotic fluid

Explanation:

Amnionic fluid provides protection for the fetus as it is what surrounds the fetus. Nutrients and oxygen are gotten by the fetus through the umbilical cord vessels and placenta as against the amniotic fluid stated in the answer.

Cheers.

4 0
3 years ago
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