When managers organize divisions based solely on the type of customer they focus on, they adopt a geographic structure.
In a geographic structure, businesses open locations in different parts of the country (or outside) to better serve the area they are operating in. This allows a business to target and market to different geographic regions and run operations smoothly and productively.
Answer:
Audit Risk and Materiality
These two concepts have an inverse relationship. When the materiality level is set low, the audit risk envisaged by the auditor is on the high side. When the materiality level is set high, the audit risk as perceived by the auditor is on the low side.
But, what exactly is materiality? Materiality refers to the basis that can change or influence the judgment of a reasonable person arising from a quantitative and qualitative omission or misstatement of a fact. And audit risk refers to the risk of material misstatement in the financial statements presented by a company.
Explanation:
The risk of material misstatement in the financial statements is the reason that professional auditors design their audit procedures to reduce the audit risk to an acceptably low level. This implies that auditors gather more audit evidence when the materiality is set to a low level, showing that audit risk has increased and vice versa.
Answer:
enjoying your work and being well compensated
Explanation:
Answer:
2) Set the price of each piece of furniture equal to the marginal cost of producing it.
Explanation:
What happens in two-part tariff is that the producer recovers the entire cost of producing by charging price equal to the marginal cost.
This helps him recover cost and the entire fee the producer charges results in profits eventually. Hence, the profits is the consumer 'surplus' that we calculate given that the price of product is equal to marginal cost.
So answer here is 2- Set the price of each piece of furniture equal to the marginal cost of producing it.
Answer:
$398,000
Explanation:
Data provided
Projected benefit obligation = $4,870,000
Plan assets = $4,472,000
The calculation of pension liability on Noble's balance sheet is shown below:-
= Projected benefit obligation - Plan assets (at fair value)
= $4,870,000 - $4,472,000
= $398,000
Therefore for computing the pension liability on Noble's balance sheet we simply deduct the plan assets from projected benefit obligation.
