All categories

3 years ago

What does every letter in Management mean?

Business

1 answer:

MAXImum [283]3 years ago

6 0

Answer:

summarize it's a letter written by company management which attests to the accuracy of an audit

Explanation:

audit-to conduct a financial examination of an organisations account

You might be interested in

College education results in a positive externality for society. Explain whether the market failure that results from this exter

allochka39001 [22]

Answer:

In simple words, positive externalilty refers to the phenomenon under which an etity or an individual takes advanatage of any sctions made bo some other entity. Education helps to make individual build a strong character which further results in overall development of the society.

Free university education in Texas would be good for society in terms of quality education becoming cost effective to everyone and thus everyone would be able to sign up for college degree. This would end up making university education accessible to all and improve their standard of living.

However, on the other hand, free university education might make them take things for granted, and the seriousness of education would be significantly reduced. At the very same period, it will be very costly for the state to employ a professional faculty to provide education.

7 0

3 years ago

Trevor restores antique cars and sells them for profit. This is an example of _____ income.

anyanavicka [17]

Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.

Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.

5 0

3 years ago

Read 2 more answers

Under a contract for the sale of land, the statute of frauds a. does not apply if the purchase price for the land is less than $

Iteru [2.4K]

C) Requires the defendant to sign the agreement.

<h3>The Statute of Frauds: What Is It?</h3>

A legal principle known as the statute of frauds mandates that certain types of contracts be performed in writing. The law covers agreements involving the sale of real estate, transactions involving items valued at more than $500, and agreements lasting a year or longer.

<h3>What criteria does the Statute of Frauds have?</h3>

Three conditions must be met in order to satisfy the Statute of Frauds.

It must first specify what the contract's subject matter is.
It must also state the existence of a contract between the parties.
The particular conditions of the contract must also be stated with a reasonable degree of precision.

<h3>What kind of agreement may not be accepted under the Statute of Frauds?</h3>

Several different sorts of contracts may not be upheld by the Statute of Frauds.

A contract with a completion date of less than a year serves as an illustration.
A contract would not be taken into account for the statute if someone promised to deliver a goods to someone's house within six months but never showed up.

learn more about Statute of Frauds here

<u>brainly.com/question/14854791</u>

#SPJ4

6 0

2 years ago

A company enters into a long futures contract to buy 1,000 units of a commodity for $60 per unit. The initial margin is $6,000 a

bearhunter [10]

Answer:

$62

Explanation:

Given that

Units = 1000

Price per unit = 60

Future price drawn/loss = 2000

Thus

1000 (x - 60 ) = 2000

Where x = future price

x - 60 = 2000/1000

x - 60 = 2

x = 60 + 2

x = $62

Thus, future price that will allow the withdrawal of 2000 is $62.

Note, each $1 increase in future prices leads to $1000 gain. When future price therefore increases by $2, gain gotten will be therefore $2000 and this can be withdrawn. Intial price was $60, thus, future for 2000 withdraw = 60 + 2 = $62.

7 0

3 years ago

A food manufacturer reports the following for two of its divisions for a recent year.

hram777 [196]

Answer:

1. 13.8% and 14.6%

2. 13.6% and 16.5%

3. 1.01 times and 0.88 times

Explanation:

The computations are shown below:

1. Return on investment = Operating Income ÷ Average invested Assets

where, average invested assets would be

= (Invested assets, beginning + Invested assets, ending) ÷ 2

For Beverage Division, it would be

= $366 ÷ {($2,696 + $2,610) ÷ 2}

= $366 ÷ $2,653

= 13.8%

For Cheese Division, it would be

= $651 ÷ {($4,489 + $4,417) ÷ 2}

= $651 ÷ $4,453

= 14.6%

2. Profit margin = (Operating income ÷ sales) × 100

For Beverage Division, it would be

= ($366 ÷ $2,698) × 100

= 13.6%

For Cheese Division, it would be

= ($651 ÷ $3,942) × 100

= 16.5%

3. Investment turnover = Sales ÷ Average Operating Assets

For Beverage Division, it would be

= $2,698 ÷ {($2,696 + $2,610) ÷ 2}

= $2,698 ÷ $2,653

= 1.01 times

For Cheese Division, it would be

= $3,942 ÷ {($4,489 + $4,417) ÷ 2}

= $3,942 ÷ $4,453

= 0.88 times

7 0

3 years ago