Answer:
C Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.
Explanation:
Analytical procedures are defined as a set of practices during financial audit that assists the auditor asses potential risk, gain better understanding of a business, and give a framework for planning of future audits.
It shows relationship between financial and non financial data.
For example variability in relationships between financial and non financial data can result from factors like unusual events, business changes, random fluctuations, and misstatements.
So the basic underlying premise is that relationship among data will continue except conditions influence it to the contrary
Answer:
If property rights are not well enforced, all of the following are likely to occur except;_________
A. a significant number of people will be willing to risk their funds by investing them in local businesses.
Explanation:
Other options are likely to occur, except option A. Investors cannot risk their capital investing in the local economy. This is the fate of an economy where property rights are not protected. This also underlines the need for each government to ensure that property rights are recognized and legally protected.
Cost of goods sold=
beginning inventory+purchase-ending inventory
cost of goods sold
=6,500+21,500−8,500
=19,500
Answer:
b. Specifications should not be set arbitrarily. If you set a specification to loosely, the customer will be dissatisfied or upset with the performance of what you provided, even though it meets the specification.
Explanation:
Specification is defined as a set of requirements that needs to be met when producing a product. They give a value that seperate this product from others in performance.
Specification should be narrowly defined as this will help effectively meet the customer needs.
When specifications are too loosely defined the product might not meet customer needs.
For example if a developer requires a laptop with high processing power and the company decides to provide a more generic and lower processing power, the target customer will not be satisfied
<span>When tariffs are imposed, the losers include domestic consumers and foreign producers. A tariff is a tax that is imposed on different imports or exports. When these taxes are added the consumers wanting to purchase the item are going to pay more for it because of the added tax. This also hurts foreign producers because their products cost more for those in the country they are being imported into making some people want to stay away from purchasing the item. </span>
