Answer:
c. Audit firm name
Explanation:
Audit documentation is evidence for the work performed and conclusions drawn in an audit. it also provides a basis with which all future audits can be performed.
the important constituents of the heading of a workpaper:
1. client name
2. client balance sheet dat
3. a descriptive explanatory title.
Therefore, The item that would typically not be included in the heading of a workpaper is Audit firm name
Democratic Leadership or perhaps Meritocracy
The D. internal rate of return (IRR) <span>is the discount rate that equates the present value of the cash inflows with the initial investment.
This term refers to the profitability of a potential investment, meaning that it will show you how much an investment costs, and how much money you can possibly earn by predicting its future price and cost. It can also show you whether it is sensible to invest in something. </span>
Answer:
c. absolute advantage over Kilim.
Explanation:
Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countries use the same amount of resources. Given this information, it can be deduced that Ithilium has absolute advantage over Kilim.
Comparative advantage refers to when a company produces the same number of outputs with <u>lower opportunity costs </u>while absolute advantage is when a country <u>produces more outputs from less resources</u>.
In the scenario, we are not given opportunity costs and we are not looking at the costs of producing a unit of output but rather how much output a country can get from a given level of resources which is in line with the concept of Absolute Advantage.
.
Answer:
B) proportional
Explanation:
In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income
Therefore in the given case, the tax structure should be proportional
hence, the correct option is B
And, the same is to be considered
