<span>A. An auditor can accept the uncertainties in the sampling process since they have some idea in which financial statements errors are occurring. In this case their sample is not completely random.
B. The formula AR = IR Ă— CR Ă— DR is often used to describe audit risk. Here, AR is audit risk, IR is inherent risk, CR is control risk, and DR is detection risk. Inherent risk is the risk of a report containing errors due to the complex nature of how the audited business runs. Control risk is the risk that an error may occur but may not be detected by the business itself. Detection risk is the risk that the auditor may fail to find errors that are present in the business' financial reports.
C. An auditor may only sample, or inspect a fraction of a company's financial history. This is done for practical purposes, for there may not be enough time to inspect everything, or it may be too costly. If the auditor is issuing a test of controls, in which they are scrutinizing their target's internal procedures for detecting errors, then sampling may fail to see these errors.</span>
The answer is: [A]: " Nov. "
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Answer:
$6.98 per pound
Explanation:
The computation of the selling price per pound is shown below:
As we know that
8 pounds of coffee sells for $9.20 per pound which equal to
= 8 pounds × $9.20 per pound
= $73.6
And, 12 pounds of coffee is for $5.50 per pound which equal to
= 12 pounds × $5.50 per pound
= $66
The total value would be
= $73.6 + $66
= $139.60
And, the total number of pounds would be
= 8 pound + 12 pound
= 20 pounds
And we assume the selling price per pound be X
So, the equation would be
$139.60 = 20 pounds × X
So, X would be
= $139.60 ÷ 20 pounds
= $6.98 per pound
Is this a theory type of question?
If it is and if it took place under president Calvin Coolidge then taxes likely would have gone up.
If you are talking about now, then investment might go up but in order to pay for it, the government will just print more money, so that taxes shouldn't go up.
I'd pick C.
Answer: C) Stock prices would only change on unexpected news
Explanation:
If the stock market was perfectly efficient, it would mean that all known information is already reflected in the stock price. This includes both historical and current data.
For the stock price to change therefore, there would have to be unexpected news that are not already accounted for in the price and so will force it to react positively or negatively.
