Janelle make $648 commission when she sold $32,400 worth of insurance. What rate of commission did she make

The audit expectation gap occurs when there is a difference between the expectations of the ________. a. generally accepted acco

Mrrafil [7]

Answer:

c. auditors and financial statement users.

Explanation:

This is because, the auditors and the financial statement users tends to have different views on what their responsibilities are. Since their views differs, their tend to be a gap which occurs. This gap is called audit expectation gap. This could be minimized through self regulating auditing of the financial statement before the final auditing by auditors.

6 0

3 years ago

Gary Smith just launched a firm in the sports drink industry. He has decided to focus his efforts on appealing to extreme sports

grandymaker [24]

I think it is C: target market

8 0

3 years ago

You’ve borrowed $23,072 on margin to buy shares in Ixnay, which is now selling at $41.2 per share. You invest 1,120 shares. Your

BlackZzzverrR [31]

Answer:

(a) Since the percentage margin is more than maintenance margin, there would be no call

(b) A margin call would be received when the price is $15.26

Explanation:

(a) Total investment = $23,072 × $\frac{100}{50}$ = $46,144

Total shares = Total investment ÷ share price

= $46,144 ÷ $41.2 = 1,120

Value of share in market = new price × number of shares

= $41 × 1,120

= $45,920

Value of equity = Value of share in the market - borrowed cash

= $45,920 - $23,072

= $22,848

Percentage margin = Value of equity ÷ Value of shares

= ($22,848 ÷ $45,920) × 100%

= 49.76%

(b) Total number of shares = 1,120

Assumed value of shares = $1,120X

Borrowed fund = $23,072

Value of equity = $1,120X - $23,072

Margin = Value of equity ÷ Value of shares

0.35 = ($1,120X - $23,072) ÷ $1,120X

392X = $1,120X - $23,072

1512X = $23,072

X = $15.26

7 0

3 years ago

Participating in extracurricular activities in hush school helps

slavikrds [6]

You with college applications

5 0

4 years ago

Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b

slava [35]

Answer:

Beet fiber should NOT be processed into industrial fiber; beet juice should be processed into refined sugar

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

Also note that all cost incurred up to the point of crush are irrelevant to the decision to process further

Product Additional Rev. Further process cost. Net income(loss)

Fiber 14 i.e (39 -25) 18 (4)

Juice 47 .i,e (79- 32) i.e 28 19

The beet fiber should not be process further while the beet juice should be be processed further into refined sugar . Processing Beet Juice further will generate additional income of 19 per unit

6 0

3 years ago