Answer:
b. As inherent risk goes up, audit risk goes down.
Explanation:
Inherent risk is the risk which is present before applying any control, and audit risk is the that the auditor expresses inappropiate audit opinion when the financial statements are materialy misstated.
Thus, when the inherent risk is <em>high</em>, the auditor keeps the audit risk at <em>low </em>level to perform more subtantative procedures.
When a product is recycled back into almost the same product it's called 'reuse.' There are three R's - reduce, reuse, and recycle. When a product, such as paper, is recycled and made again into paper or a paper product, this is called reuse.
Answer:
-0.11% per year
Explanation:
Here, we want to calculate real interest rate.
Firstly, we calculate the inflation rate
mathematically the inflation rate = (cpi at the end of year - cpi at the beginning of year)/cpi at the beginning of year * 100%
Inflation rate = (232-225)/225 * 100% = 3.11%
we now proceed to calculate the real interest rate
mathematically, real interest rate = Nominal interest rate - inflation rate
from the question, nominal interest rate = 3%
real interest rate = 3% - 3.11% = -0.11%
This means that the real interest rate earned by sally is -0.11% per year
Answer: off price retailers
Explanation: In simple words, it refers to the retailers that sells high quality products at relatively lower prices than market. The key to their business structure is the discount they offer as the majority of product they sell are of second hand quality or are off seasoned.
They procure material directly from the suppliers in the form of scrap etc and then sells it to retailer at heavy discounts. Hence from the above we can conclude that the correct answer is off price retailers.
Most private enterprise mainly run to gain profit
