Answer:
D. Any advantage that one firm has will be short-lived.
Explanation:
With the three firms all producing the same product with similar resources in their production and distribution of their products, any advantage that a firm has over the others if any would not last long at all. This is because each firm is using similar technique in the same location. Hence, there's nothing special about one of the firms over the others.
Complete question:
Assume the following general flow of documents in an accounting system. Reply to the following question:
"Source Documents --> Journals --> Ledgers"
The auditors are concerned about source documents that reflect valid transactions that have not been recorded in the journals. Which procedure would be most effective?
(1) Trace from source documents to journals.
(2) Vouch from journals to source documents.
Either (1) or (2).
Answer:
(1) Trace from source documents to journals.
Explanation:
Tracing is the method of tracking the transaction back to the source document in accounting records. Transaction failures are monitored and auditors are often used to ensure whether transactions have been properly reported.
Tracing relates to the compilation and the follow-up to the record of an financial transaction (the source document).
Tracing checks to see that the transactions that happened in the financial reports are registered. Therefore it would be most effective to translate "Trace documents from source into journals."
Answer:
The correct answer is Acxiom, Experian, Media Audit.
Explanation:
Demographics are general information about groups of people. Depending on the purpose, the data may include attributes such as age, sex and place of residence, as well as social characteristics such as occupation, family situation or income. In web analytics and online marketing, demographics are used to provide a deeper insight into a website's target audience or to create the so-called people. Demographic data is used primarily for the strategic use of tailoring offerings to the respective target group and can also be used as the basis for business analysis and performance reporting.
Answer:
The new rate of return is 15.4%
Explanation:
The revised estimate on the rate of return on
the stock would be:
• Before
• 14% = α +[4%*1] + [6%*.4]
α = 7.6%
• With the changes:
• 7.6% + [5%*1] + [7%*.4]
The new rate of return is 15.4%
