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Vadim26 [7]
2 years ago
11

List TWO consequences for a company if they receive a qualified audit opinion

Business
1 answer:
Lorico [155]2 years ago
6 0
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
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During the recession of 2007−2009, the U.S. federal government’s tax collections fell from about $2.6 trillion down to about
Varvara68 [4.7K]

Answer: A. Yes

Explanation: The US tax system has built-in stabilizers which help when the economy is down.

Built-in stabilizers are economy policies of government which are triggered automatically to stabilize the economy when it experiencing a downward movement or an unexpected growth in an excessive way without the explicit intervention of the government. An example of this is unemployment insurance.

7 0
3 years ago
A government's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 mi
Murrr4er [49]

Answer:

yes

Explanation:

8 0
3 years ago
Consider a firm with a 2013 net income of $20 million, revenue of $60 million, and cost of goods sold of $25 million. If the bal
Nostrana [21]

Answer:

Weeks of supply = 4.16 weeks

Explanation:

given data

net income = $20 million

revenue = $60 million

cost of goods sold = $25 million

inventory = $2 million

property, plant, and equipment = $500,000

to find out

how many weeks of supply does the firm hold

solution

we know here that Weeks of supply will be express as

Weeks of supply = \frac{average inventory}{cost of goods sold} × 52 weeks          ....................................1

so put here value we get weeks of supply

Weeks of supply =  \frac{2}{25} × 52 weeks

Weeks of supply = 4.16 weeks

3 0
3 years ago
Which of the following is not one of the factors to consider in determining whether a business entity meets the definition of a
alexgriva [62]
2. It engages in business activities from which it may earn revenues and incur expenses.
3 0
3 years ago
You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of
Goshia [24]

Answer: $4.24

Explanation:

According to the Put-Call Parity, the value would be expressed by;

Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)

T is 90 days out of 365 so = 90/365

= 2.65 - 26 + 28 * 2.71 ^ (-0.06 * 90/365)

= $4.24

4 0
3 years ago
Read 2 more answers
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