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natta225 [31]
3 years ago
8

In auditing the financial statements of Star Corp., a nonissuer, Land discovered information leading Land to believe that Starâ€

™s prior-year financial statements, which were audited by Tell, require substantial revisions. Under these circumstances, Land should _______.
Business
2 answers:
kenny6666 [7]3 years ago
5 0

Answer:

4.

Explanation:

Based on the scenario being described within the question it can be said that under these circumstances, Land should request Star to arrange a meeting among the three parties to resolve the matter. Otherwise if left unattended it could lead to various complications for all three parties involved. Therefore the best option would be to analyze and revise the necessary information as fast as possible.

elena55 [62]3 years ago
5 0

Answer: request Star to arrange a meeting among the three parties to resolve the matter

Explanation: When information regarding the integrity of a company's financial statement which has been previously audit arises, it becomes imperative for all involved parties to collaborate on highlighting and resolving the issue. Tell would have to be presint because they were responsible for auditing Starr company's financial statement that year, Star corps. is the organization which was audited and therefore will be required to call for a meeting which should also include Land, who discovered informations which could necessitate substantial revision of Star's financial statement.

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Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationa
BartSMP [9]

Answer:

<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>

Explanation:

The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.

3 0
3 years ago
Elise is the manager in the finance department for a company that competes in a service industry. If her company is like most co
nata0808 [166]

Answer:

This statement is False

Explanation:

One of the characteristics of the modern day service industry is Division of Labor. Thus, Elise would not leave almost all aspects of human resources functions to specialists. This is the decision of a human resources manager and not Elise who is the finance manager. The jurisdiction of her duty and reporting line does not allow such to happen.

4 0
3 years ago
Ted can wax a car in 20 minutes or wash a car in 60 minutes. Tom can wax a car in 15 minutes or wash a car in 30 minutes. What i
babymother [125]

Answer:

0.33

0.5

Ted

Explanation:

Ted's opportunity cost = 20 / 60 = 0.33

Tom's opportunity cost = 15 / 30 = 0.5

A person has comparative advantage in an activity if he carries out the activity at a lower opportunity cost when compared with other people.

Thus, ted has an opportunity cost in washing cars.

I hope my answer helps you

4 0
3 years ago
"For a firm to maximize total profits through price discrimination, it should
Alex777 [14]

Answer: d. ​charge a high price to high-value consumers and a low price to low-value consumers

Explanation: Price discrimination as a selling strategy involves charging customers different prices for the same product or service. It is often based on what the seller thinks they can get the customer to agree to and that customers can be asked to pay more or less based on certain demographics or on how they value the product or service on sale. Therefore, for a firm to maximize total profits through price discrimination, it should charge a high price to high-value consumers and a low price to low-value consumers.

6 0
3 years ago
The___ rate is the rate of change in prices calculated on a monthly or yearly basis
otez555 [7]

Answer: A.) INFLATION

Explanation: prices of goods and services are usually prone to change and fluctuation from time to time. The change usually associated with inflation is an increase in price of commodities within a certain period of time. In other to adequately measure inflation, the change in prices of certain economic commodities are compared over an equal time interval either monthly, quarterly or yearly basis as the case may be.

It is calculated as the ratio of the difference between the price of goods between the base and current period to the price at the base period expressed as a percentage. Fall or decline in prices of goods and services is usually called deflation

5 0
3 years ago
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