12. A change in a good's own price will lead to a change in the quantity supplied of a good (movement along the supply curve). Illustrate a change in quantity supplied graphically. 13. A change in: (1

The spot exchange rate of an Australian dollar is $0.689. The USD gain on investment made in the Australian market will be $76,771.

The question requires us to calculate the USD gain on investment made in the Australian market by assuming that the U.S. one-year interest rate is 4% and the one-year interest rate on Australian dollars is 8%. The U.S. expected annual inflation is 5%, while the Australian inflation is expected to be 6%.The steps to calculate the USD gain are as follows;

Calculation of USD gain

Step 1: Calculate the expected spot rate in one year. Given that the expected Australian inflation is 6%, and the expected U.S. inflation is 5%, the expected change in the AUD/USD exchange rate due to inflation differentials will be as follows:=(1+Australian inflation)/(1+U.S. inflation) = (1+6%)/(1+5%) = 1.00943Thus, the expected exchange rate in one year will be $0.689 * 1.00943 = $0.6964/1 AUD

Step 2: Calculate the expected return in AUD. The expected return in AUD is given by the interest rate parity equation. As per the interest rate parity, the difference in interest rates between two countries should be equal to the percentage difference between the forward rate and the spot rate.

The difference in interest rates is

8%-4%= 4%

The expected forward rate for the AUD/USD is $0.689 * 1.00943 = $0.6964

Thus, the percentage difference between the forward rate and the spot rate is:

((Forward rate – Spot rate) / Spot rate) x 100%

= (($0.6964-$0.689) / $0.689) x 100%

= 1.08%

Thus, the expected return on AUD investment is 8% + 1.08% = 9.08%

Step 3: Calculate the USD gain. The USD gain will be the AUD gain multiplied by the exchange rate in one year. Thus, the USD gain will be:

$100,000 x (1+9.08%) x $0.6964 = $76,771

To know more about exchange rate, visit:

https://brainly.com/question/32344536

#SPJ11

In accordance with accrual basis accounting, when the company receives advance payments, it will be treated as a liability of the company. Hence, the necessary adjustment that would be made on December 31, 2014 is unearned revenue.

This is because the money received by the tenant on December 1, 2014, for the period of December 1, 2014, through April 30, 2015, has not yet been earned by the landlord. As a result, Hobbins must debit Unearned Rental Revenue for $6,000, and credit Rental Revenue for $6,000 on December 31, 2014.

Adjusting entries are made by accountants on the last day of the accounting cycle in order to match the revenue and expenditure for that period. There are two types of adjusting entries: revenue and expense adjustments, which are used to match revenue and expenditure for a specific accounting cycle. Here, we have an advanced payment by a tenant, and the rent is prepaid for the upcoming five months. As the rent is prepaid for the next period and has not yet been earned, the landlord cannot report it as revenue in the current period; rather, it should be recognized as a liability in the company's books of account.On December 31, 2014, the necessary adjustment that would be made is for unearned rental revenue of $6,000, which would be reported as a liability in the company's books. Hence, on December 31, 2014, the landlord should debit $6,000 in Unearned Rental Revenue and credit $6,000 in Rental Revenue.  This adjustment ensures that the revenue is properly accounted for in the financial statements and represents an accurate view of the company's performance in the relevant period. Hence, the landlord can report this rent as revenue only for the months when it is actually earned. The adjustment is required to ensure that the income statement shows an accurate amount of revenue earned for the year. Hence, this necessary adjustment would be made on December 31, 2014 is Unearned Rental Revenue of $6,000.

To know more about liability visit :

https://brainly.com/question/30805836

#SPJ11

The correct answer is: a) The NBA exhibits more between-season competitive balance, but within-season competitive balance cannot be determined from the information given.

The standard deviation of win percentage is a measure of competitive balance in sports leagues.

A lower standard deviation indicates less variation in win percentages and therefore greater competitive balance. In this case, the standard deviation of win percentage for the NBA teams in 2005-2006 was 0.134, while for the English Premier League (EPL) teams it was 0.158.

Since the standard deviation is lower for the NBA, it suggests that the NBA exhibits more competitive balance between seasons. This means that there is less variation in win percentages among the NBA teams from one season to another.

However, the information given does not allow us to determine the within-season competitive balance, which refers to the variation in win percentages during a single season. Therefore, we cannot determine whether the NBA or the EPL exhibits more within-season competitive balance based on the given information.

Therefore, the correct answer is: a) The NBA exhibits more between-season competitive balance, but within-season competitive balance cannot be determined from the information given.

To know more about competitive balance visit:

https://brainly.com/question/32506520

#SPJ11

price equals total revenue for all firms in all markets, but price equals marginal revenue only for firms in competitive markets.

In any given market, the price is determined by the forces of supply and demand. The amount of money that a firm receives from selling its products is referred to as revenue. There are two types of revenue: total revenue and marginal revenue. Total revenue is the sum of all the money a firm receives from selling a particular quantity of goods or services. In the case of competitive markets, where there are many buyers and sellers, each firm must accept the market price as given and cannot influence it. As a result, the market price equals the marginal revenue. Marginal revenue is the amount of revenue that is gained by selling one additional unit of a product or service.In contrast, in non-competitive markets, a firm has some power to set the price. As a result, they must decrease the price to sell more products. As a result, in non-competitive markets, price equals total revenue and not marginal revenue.

In conclusion, we can say that price equals total revenue for all firms in all markets, but price equals marginal revenue only for firms in competitive markets.

To know more about markets visit:

https://brainly.com/question/15483550?referrer=searchResults

#SPJ11

Short-run equilibrium refers to the point where market demand intersects with market supply in the short run. To determine the short-run equilibrium price of steel in the given market with 60 firms, we need to know the market demand and the cost structure of the firms in order to determine the market supply.

In general, the supply curve for a firm is upward-sloping in the short run, meaning that as the price of steel increases, the firm is able to increase its quantity supplied due to increasing marginal returns. However, beyond a certain point, the firm will encounter diminishing marginal returns and the supply curve will become steeper. As a result, the market supply curve is upward-sloping in the short-run as well, but it is flatter than the supply curves of individual firms due to the fact that there are more firms in the market, each with its own supply curve.

The market supply curve is determined by adding up the quantities supplied by each firm at each price level. Therefore, to find the short-run equilibrium price of steel in the given market with 60 firms, we need to know the market demand and the cost structure of the firms. If we assume that the firms all have similar cost structures and that the market is competitive, we can use the marginal cost (MC) curve of the firms to determine the market supply curve.

In a competitive market, firms will produce at the point where marginal cost equals price, which is the point where the supply curve intersects with the marginal cost curve. We can assume that the firms have increasing marginal costs due to diminishing marginal returns, so the supply curve for each firm will be upward-sloping and the market supply curve will be flatter than the supply curves of individual firms.

To know more about Short-Run Equilibrium visit:

https://brainly.com/question/30039219

#SPJ11

The pharmaceuticals industry of Malaysia has experienced limited success in expanding its technological and innovative capabilities of its local industries.

This statement brings up the question of why Singapore and Thailand have been more successful in technology and research development than Malaysia ? Reference Industrial policies are a government's strategies to influence the economy's production, consumption, and distribution patterns. Governments, through their industrial policies, can help their countries achieve higher levels of industrialization by providing incentives or removing obstacles that impede economic growth. The policies related to the pharmaceuticals industry in Malaysia include tax incentives and funding for research and development (R&D).Malaysia is trying to attract more foreign direct investment (FDI) in R&D to boost its research capabilities. It has also established a Biotechnology Corporation (Biotech Corp) to assist in the development of the biotechnology sector and has provided funding for R&D in the industry. Additionally, the government is putting in place regulatory frameworks that will improve the efficiency and competitiveness of the industry. Such measures include the implementation of Good Manufacturing Practices (GMP) and stringent quality control measures. Industrial policies have not been able to help Malaysia achieve its technological and innovative goals. Data analysis Malaysia's pharmaceuticals industry has experienced limited success in expanding its technological and innovative capabilities. Thailand and Singapore have been more successful in technology and research development than Malaysia.

Thailand continues to experience positive change not only in its automotive industry but also in electronics and frozen food industries. Thailand's success is attributed to its good infrastructure, low wages, and investor-friendly government policies. Singapore, on the other hand, has been among the top ten most innovative economies consistently for the past 14 years in the Global Innovation Index. Singapore has invested heavily in R&D and has a highly skilled workforce. The country has also been able to attract FDI in R&D and other high-value industries. The data shows that Singapore's pharmaceuticals industry has achieved significant success, with pharmaceutical exports increasing from US$4.7 billion in 2000 to US$13.5 billion in 2019. In contrast, Malaysia's pharmaceutical exports have only increased from US$170 million in 2000 to US$1.15 billion in 2019.Malaysia's pharmaceuticals industry has experienced limited success in expanding its technological and innovative capabilities, while Singapore and Thailand have been more successful in technology and research development. Singapore has invested heavily in R&D, and Thailand has good infrastructure, low wages, and investor-friendly government policies. These countries' success highlights the importance of government policies in attracting foreign investment and promoting R&D.

Learn more about industry  here:

https://brainly.com/question/30454410

#SPJ11

International B2B marketing is the process of promoting business products or services to other companies.

It is critical for companies to maintain ethical practices to ensure their continued growth and development in international markets. The most important international B2B marketing ethical problems are:1. Cultural differences and language barriers may cause miscommunication and misunderstandings between parties, leading to ethical issues.

International B2B marketing ethics can be challenging for companies due to differences in culture, language, laws, and regulations. Cultural and language barriers may cause misunderstandings between parties, leading to ethical problems that can harm relationships and reputations.

To know more about B2B marketing visit:-

https://brainly.com/question/5004370

#SPJ11

Acuity Insurance and The Container Store were ranked as the 9th and 93rd Best Places to Work by Fortune in 2017. Both companies put a premium on attracting, retaining, and developing great workers, resulting in an engaged and motivated workforce.

Acuity Insurance and The Container Store were ranked as the 9th and 93rd Best Places to Work by Fortune in 2017. Both companies put a premium on attracting, retaining, and developing great workers, resulting in an engaged and motivated workforce. With Acuity Insurance, the company employs a variety of programs to motivate employees. They include the Magic Happens Gossip Line, Lunch with an Officer, Wellness programs, 5 Year Club, and generous benefits.Acuity Insurance is a property and casualty insurer that generated over $1.5 billion in revenue in 2016 through 1,000 independent agencies in 26 states. The company has more than 1,200 employees in the United States, and 98% of employees reported to Fortune in 2016 that the company has unique benefits, effectively contributes to its local communities, and celebrates special events with employees. This shows that Acuity Insurance values its employees and wants them to feel appreciated.One of the programs that Acuity Insurance uses to motivate employees is the Magic Happens Gossip Line. The program recognizes 20 to 30 employees each month by posting positive feedback from customers, agents, or colleagues outside the local cafeteria. An employee is drawn from this list, and the positive feedback is shared over voicemail to all employees throughout the company. This employee receives a $100 cash gift card. Lunch with an Officer is another program that Acuity Insurance uses to foster open communication. Groups of 10 to 15 employees are invited to have lunch with an officer of the executive team every few months, and employees are asked to provide feedback or suggestions for improving any aspect of the company.Wellness programs are also part of Acuity Insurance's employee motivation strategy. The company built a 9,800-square-foot fitness center that offers classes at no cost to employees. The facility is open 24/7 and includes massage therapists on-site three days per week. Acuity Insurance also hosts a Weight Watchers at Work program. The company reimburses 25% of the cost when an employee attends 50% of the meetings.Acuity Insurance has a 5 Year Club that encourages employees to get out and explore the community of Sheboygan. All employees who have been with Acuity Insurance for fewer than five years are invited to special social events that range from happy hours and kayaking trips to bean bag tournaments, NCAA March Madness competitions, and other events. This shows that Acuity Insurance values its employees and encourages them to build relationships outside of work.Acuity Insurance also provides generous benefits, including free snacks during the day, subsidized daily lunches, dry cleaning service, free beverages during the day, on-site package/mailing service, and banking services. The company pays 85% of health coverage for employees and their dependents. The company’s 401(k) program features an 8% contribution to all employee accounts, regardless of their personal contributions. Employees benefit from a profit-sharing bonus as well. Acuity Insurance employees have received a 10% total contribution to their 401(k) on behalf of the company.

To know more about Acuity Insurance visit: https://brainly.com/question/29397458

#SPJ11

The strike price of the option, the time until expiration, the volatility of the underlying asset's price, and the risk-free interest rate all have a role in determining the value of a call option, also known as the option premium. the correct answer is none of the above.

To solve the given question, we are provided with an options tree that we will use to determine the value for a call option at node a with a strike price of $117. We can get this by performing the following steps below

Step 1: Firstly, we need to evaluate the call option values at the final nodes. Using the call option formula, the final node values will be as follows:

$$C_u = max(S_u - K, 0) = max(130 - 117, 0) = 13$$$$C_d = max(S_d - K, 0) = max(100 - 117, 0) = 0$$

Here, $C_u$ and $C_d$ represent the call option value for up and down movements, respectively. While $S_u$ and $S_d$ represent the stock prices at the final nodes. K is the strike price.

Thus, the call option value at node a can be calculated using the following formula;$$C_a = \frac{1}{R}[pC_u + (1-p)C_d]$$

Where p is the probability of an up movement and 1-p is the probability of a down movement. R is the risk-free rate.

Thus, using the above formula, the value of the call option at node a with a strike price of $117$ will be:$$C_a = \frac{1}{1.05}[0.5(13) + 0.5(0)]$$$$C_a = \frac{1}{1.05}(6.5)$$$$C_a \approx 6.19$$Therefore, the long full answer for this question is $C_a = \frac{1}{1.05}[0.5(13) + 0.5(0)] = \frac{1}{1.05}(6.5) \approx 6.19$.

Thus, the correct option is not listed here as the correct answer is approximately $6.19$.

To know more about the Value Of the Call Option visit:

https://brainly.com/question/32102066

#SPJ11

M.M. Lafleur, a luxury women's workwear company, segments its market based on more than just demographic factors. The brand's segmentation strategy is rooted in psychographic factors, which include personality, values, attitudes, and interests.

The company's target market is made up of professional women who are ambitious, independent, and have a strong sense of personal style. The brand caters to women who want to look professional and polished, but also want to express their individuality through fashion. They target customers who value quality, versatility, and functionality in their workwear.M.M. Lafleur uses a direct-to-consumer business model to reach its target audience. This allows the brand to communicate with its customers more directly, and to create a more personal connection with them. The brand also uses social media and email marketing to reach its customers, as well as partnering with other businesses to create curated collections of clothing.

The brand's segmentation strategy has been successful, and it has grown rapidly since its launch in 2013. By targeting a specific group of customers based on their psychographic factors, M.M. Lafleur has been able to create a unique and highly desirable brand identity that sets it apart from its competitors.

To know more about Demographic Factors visit-

https://brainly.com/question/796888

#SPJ11

The balanced scorecard, as the name suggests, is a management tool that provides managers with a balanced view of the company’s performance. It presents a comprehensive view of the organization's performance from four perspectives: financial, customer, internal business processes, and learning and growth

To relate the strategic objectives to each perspective and performance measures to each strategic objective, the following table is used: Perspectives Strategic Objectives Performance Measures Financial Increase shareholder value Earnings per share Return on equity Net income Profit per salesperson Customer Acquire new customers Customer profitability Percentage of customers retained Customer cost per unit Return on sales Internal business process Improve manufacturing quality Percentage of defective-product units Percentage of processes with real-time feedback Number of on-time deliveries by suppliers Minimize invoice-error rate Learning and growth Enhance employee skills Average job-related training hours per employee Number of patents Employee turnover rate Number of new customers Increase information-system capabilities Strategic Objectives Introduce new products  Increase proprietary products Increase profit generated by each salesperson Retain customers Performance Measures On-time delivery by suppliers Product cost per unit percentage of error-free invoices Enhance employee skills The most important aspect of the Balanced Scorecard is to determine the appropriate performance metrics for each perspective. It helps to track whether an organization is meeting its objectives or not.

The Balanced Scorecard provides a means for tracking and measuring key indicators of performance in order to achieve the company's goals. It is critical that the scorecard is updated and reviewed on a regular basis to ensure that it is up-to-date with the current needs of the organization.

To know more about Balanced Scorecard visit-

https://brainly.com/question/25703359

#SPJ11

the annual value of the given cash flow diagram, using an interest rate of 10% per year, is approximately $8496.28.

To calculate the annual value of the given cash flow diagram, we need to find the present value of each cash flow and then sum them up.

Using an interest rate of 10% per year, we can calculate the present value of each cash flow using the formula:

Present Value = Cash Flow / (1 + Interest Rate)^n

Where n represents the number of years.

Let's calculate the present value for each cash flow:

Year 1: $3000 / (1 + 0.10)^1 = $3000 / 1.10 = $2727.27

Year 2: $2000 / (1 + 0.10)^2 = $2000 / 1.21 = $1652.89

Year 3: $2000 / (1 + 0.10)^3 = $2000 / 1.33 = $1503.76

Year 4: $2000 / (1 + 0.10)^4 = $2000 / 1.46 = $1369.86

Year 5: $2000 / (1 + 0.10)^5 = $2000 / 1.61 = $1242.50

Now, we can sum up the present values to find the annual value:

Annual Value = $2727.27 + $1652.89 + $1503.76 + $1369.86 + $1242.50 = $8496.28

Therefore, the annual value of the given cash flow diagram, using an interest rate of 10% per year, is approximately $8496.28.

learn more about interest rate here:

https://brainly.com/question/28272078

#SPJ11

Government Auction: A state or federal government or an agency of a state or federal government often employs a sealed-bid auction.

In this type of auction, potential buyers submit their bids privately, without knowing the bids of other participants. The highest bidder wins the auction and pays the amount they bid. This type of auction ensures fairness and transparency in the government procurement process. It allows the government to obtain the best price for goods or services while promoting competition among bidders. For-Profit Business Auction: A for-profit business may utilize an online auction platform, such as eBay or Amazon. These platforms typically employ ascending-bid auctions, where participants publicly place bids that are incrementally higher than the previous bid. The highest bidder at the end of the auction wins the item or service. These auctions create a competitive environment that encourages participants to bid higher, leading to the discovery of the best price for the good or service.In both cases, auctions solve the problem of finding the best price by creating a marketplace where buyers compete to acquire the item or service. The auction format allows potential buyers to assess the value of the good or service and determine their willingness to pay. As participants submit bids, the auction process reveals the highest price that a buyer is willing to pay, resulting in an efficient allocation of the good or service to the bidder with the highest valuation. This ensures that the seller achieves the best possible price for their offering.

Learn more about Government Auction here;

https://brainly.com/question/31063638

#SPJ11

Cost Hierarchy Level for Each Cost Category: Direct Materials (Purses and Backpacks): Unit-level cost as it is directly related to the number of bags produced.

The cost increases or decreases proportionally with the number of bags manufactured. Direct Labor (Purses and Backpacks): Unit-level cost as it is directly tied to the number of hours of production. The cost varies based on the labor required to produce each bag. Setup: Batch-level cost as it is incurred for each batch of products. The cost is associated with the activities of switching over the equipment and setting up for production. The number of bags produced is the most appropriate cost driver as the cost of direct materials is directly proportional to the number of bags manufactured.

learn more about:- Cost Hierarchy Level here

https://brainly.com/question/29617505

#SPJ11

The statement "Tariffs are taxes that governments place on exported goods" is FALSE.

Tariffs are taxes imposed by governments on imported goods, not exported goods. Governments may impose tariffs to protect domestic industries, control trade, or generate revenue. Tariffs increase the price of imported goods, making them less competitive in the domestic market compared to domestically produced goods.

This can help protect domestic industries and promote local production. In contrast, exports are goods or services produced domestically and sold to foreign markets, and tariffs are not applied to those goods when they leave the country.

To learn more about domestic market, Visit:

https://brainly.com/question/30437389

#SPJ11

The current architecture of Starbucks is appropriate, but some changes can enhance its effectiveness and future prospects.

Starbucks current architecture effectively supports its operations and customer experience. The company's strategic layout includes a combination of company-owned stores and licensed stores, providing a strong foundation for growth and brand consistency. The architecture facilitates the efficient flow of operations, ensuring a seamless customer journey from ordering to pickup.

However, to further enhance its architecture, Starbucks could focus on a few key areas. Firstly, optimizing its digital infrastructure and mobile ordering system would improve convenience and streamline the ordering process. Investing in robust technology would enable customers to easily place and customize orders, reducing wait times and enhancing overall customer satisfaction.

Additionally, Starbucks could consider expanding its physical presence in emerging markets, capitalizing on growing consumer demand. This expansion would require careful market research and analysis to ensure the new stores align with local preferences and cultural nuances. By adapting its architecture to suit diverse markets, Starbucks can establish a stronger global presence and tap into new revenue streams.

Learn more about Starbucks

brainly.com/question/32307211

#SPJ11

When a project is newly initiated, the company has to first define the project and then prepare initial time and cost estimates. However, in real-world practice, the company may refine and adjust the initial time and cost estimates at a later stage.

Three reasons for refining the initial time and cost estimates are: Changes in scope of the project: The scope of the project can be modified at any point in time due to changes in market conditions or customer demand. It can also be modified due to changes in technology or regulation.

For example, if a new feature is required to be added in the software then it will increase the development time, which will increase the cost of the project.Change in resource availability: Resource availability can also change at any time. If a key resource is no longer available, the company may need to adjust the project timeline and budget. For example, if a project manager is not available to work on the project for a specific duration then the company will need to hire another project manager which will increase the cost of the project.Changes in project requirements: Changes in project requirements can also impact the project timeline and budget. This may occur when project stakeholders make changes to the requirements or when the company realizes that the requirements were not properly understood in the beginning. For example, if the client wants to add more features to the software which will increase the time required to develop the software then the cost of the project will also increase.

Learn more about company  here:-

https://brainly.com/question/30532251

#SPJ11

Civilian noninstitutional population: 200 million, Civilian institutional population: 50 million, Civilian labor force: 170 million, Unemployed: 30 million.

Based on the provided data, we can calculate the following:

Total population: 250 million

Civilian noninstitutional population: Total population - Civilian institutional population

Civilian noninstitutional population = 250 million - 50 million

Civilian noninstitutional population = 200 million

Civilian labor force: Civilian noninstitutional population - Unemployed

Civilian labor force = 200 million - 30 million

Civilian labor force = 170 million

Unemployed: Given as 30 million

Civilian institutional population: Given as 50 million

Therefore, the calculations are as follows:

- Civilian noninstitutional population: 200 million

- Civilian institutional population: 50 million

- Civilian labor force: 170 million

- Unemployed: 30 million

To know more about population click here:

https://brainly.com/question/27779235

#SPJ11

Option b) a market economy. Sweden, in terms of the mechanisms used to allocate resources, is a market economy.

A market economy is characterized by the individual’s free choices where individuals make their decisions based on the allocation of resources, ownership of property and the exchange of goods and services based on demand and supply. In a market economy, the allocation of resources is determined by the private sector; this means that private companies and individuals dictate what is produced, how it is produced, and who it is produced for. In such an economy, resources are allocated based on profitability and the willingness of consumers to buy certain goods or services. Hence, b) a market economy is the correct answer to the given question.

21. The correct answer to the given question is b) has been among the best in Asia since the Cultural Revolution. China's economic performance has been one of the best in Asia since the Cultural Revolution. Since the Cultural Revolution, the country has achieved significant economic growth. This was a result of reforms and policies introduced to open up the country’s economy.

22.  The correct option to the given question is e) none of the above. The Sherman Act is a federal law that prohibits any activities that would interfere with the freedom of competition in the marketplace. It outlaws anti-competitive behavior, monopolization, and abuse of market power.

23. The correct option to the given question is d) to equate the aggregate demand to aggregate supply. The basic problem of macroeconomic financial planning was to equate the aggregate demand to aggregate supply. The main aim was to achieve economic stability by ensuring that the economy had enough goods and services to meet the demand.

24. The correct answer to the given question is c) released large farms from state ownership. The Household Responsibility System in China released large farms from state ownership. It was introduced in 1978 and allowed households to have full ownership and control over the land they cultivated. This helped to promote agricultural productivity and increase agricultural output.

Learn more about Cultural Revolution: https://brainly.com/question/10693549

#SPJ11

if activity volume increases by 20 and assuming total sales remain the same, the net income will increase, as long as the increase in sales is greater than the increase in expenses.

Activity volume refers to the level of activity or production within a business. This can include the number of units produced, the number of hours worked, or any other measure of output. When activity volume increases, it generally means that the business is producing more and selling more. This can lead to higher revenues and profits.

Net income is the profit that a business earns after all expenses have been deducted from its revenues. If activity volume increases, it is likely that expenses will also increase, such as materials, labor, and overhead costs. However, if the increase in sales is greater than the increase in expenses, the net income will also increase.

To know more about expenses visit:

https://brainly.com/question/29850561

#SPJ11

Audit evidence collection is an essential aspect of the audit process that aims to help auditors obtain sufficient and appropriate audit evidence to back up audit assertions and judgments. Here is how audit evidence can be collected. The Difference Between Concurrent Audit Techniques and Embedded Audit Modules Concurrent audit techniques are auditing procedures that occur concurrently with transaction processing. five most commonly used concurrent audit techniques include the following:

1. System Control Audit Review File (SCARF)

2. Continuous and Intermittent Simulation (CIS)

3. Integrated Test Facility (ITF)

4. Snapshot

5. Audit Hooks Embedded Audit Modules

Embedded audit modules are parts of application systems that perform continuous audit tests. These modules are integrated into the application system and can be used to audit all transactions that pass through the system.

Audit Evidence Collection Audit evidence can be collected through various means, including observing physical inventory counts, reviewing documentation, making inquiries, testing internal controls, and performing substantive testing. Audit evidence can be classified into external and internal evidence depending on where it originates from.External evidence relates to documents or materials originating outside the client's organization and includes bank statements, confirmations from customers and suppliers, and legal documentation. On the other hand, internal evidence originates within the client's organization and includes the client's accounting records, minutes of meetings, and reports.The Difference Between Concurrent Audit Techniques and Embedded Audit Modules Concurrent audit techniques are auditing procedures that occur concurrently with transaction processing. Concurrent auditing entails running an audit while the process under review is ongoing. This type of audit is used to detect issues in a transaction as it occurs.Embedded audit modules are audit procedures that are embedded in application systems. These procedures can be used to audit all transactions that occur through the system. Embedded audit modules are an integral part of the system, and they perform continuous audit tests.Commonly Used Concurrent Audit Techniques The five most commonly used concurrent audit techniques include the following:

1. System Control Audit Review File (SCARF)

2. Continuous and Intermittent Simulation (CIS)

3. Integrated Test Facility (ITF)

4. Snapshot

5. Audit Hooks Embedded Audit Modules

Embedded audit modules are parts of application systems that perform continuous audit tests. These modules are integrated into the application system and can be used to audit all transactions that pass through the system. An embedded audit module is an example of an IT control that helps ensure data integrity. The objective of the embedded audit module is to provide continuous monitoring of an application system's transactions and operations to ensure the completeness, accuracy, and validity of the data entered into the system. Examples of embedded audit modules include system security, input data validation, and automated reconciliation processes.

To know more about Audit Techniques visit:

https://brainly.com/question/31977267

#SPJ11

(b) The implications of GVCs for the inclusive and sustainable global environment and environmental policies include increased carbon emissions, resource depletion, and pollution.

To address these challenges, environmental policies should be developed and implemented to promote sustainable production and consumption practices within GVCs.

GVCs involve the fragmentation of production processes across different countries, which can lead to increased carbon emissions, resource depletion, and pollution. For example, the transportation of goods across long distances in GVCs contributes to higher carbon emissions. Additionally, the extraction of resources in one country and their processing in another can lead to resource depletion and pollution in both locations.

To ensure a more inclusive and sustainable global environment, environmental policies should be developed and implemented to promote sustainable production and consumption practices within GVCs. This can include measures such as incentivizing the use of renewable energy, promoting circular economy practices, and encouraging the adoption of eco-friendly production techniques. By integrating environmental considerations into GVCs, it is possible to mitigate the negative environmental impacts and promote sustainable development.

(c) Challenges may arise with regard to taxes and subsidies on socially responsible enterprises participating in GVCs. One challenge is determining the appropriate tax jurisdiction for these enterprises, as their production processes are vertically fragmented across different countries. This can create difficulties in accurately assessing their tax liabilities and determining the appropriate tax rates.

Similarly, providing subsidies to socially responsible enterprises participating in GVCs can also be challenging. It may be difficult to ensure that the subsidies reach the intended enterprises and are effectively utilized for sustainable practices. There is also the risk of subsidy leakage, where subsidies provided to one country may indirectly benefit enterprises in other countries participating in the same production network.

learn more about environment here:

https://brainly.com/question/28962722

#SPJ11

Therefore, in the given scenario, Frederick is focused on gaining the respect of his work colleagues and being seen as an expert in his field that falls under esteem needs. The answer is esteem needs.

According to Maslow's hierarchy of needs, the basic needs of individuals must be met before they can move on to fulfilling their higher-level needs. In this regard, Frederick is most focused on gaining the respect of his work colleagues and being seen as an expert in his field.What is Maslow's hierarchy of needs?Maslow's hierarchy of needs is a theory that divides human needs into five levels or categories. The five needs are physiological needs, safety needs, love and belongingness needs, esteem needs, and self-actualization needs. The pyramid has been arranged so that the lower levels of the pyramid must be satisfied before the higher needs can be met.
The pyramid suggests that an individual must fulfill his physiological and safety needs before they can move to higher needs, such as love and belongingness needs, esteem needs, and self-actualization needs. According to Maslow's hierarchy of needs, esteem needs include self-respect, achievement, respect from others, and personal worth. Since Frederick is focused on gaining the respect of his work colleagues and being seen as an expert in his field, he is most concerned with his esteem needs. Hence, the answer to the question is esteem needs.

In conclusion, esteem needs are at the core of Maslow's hierarchy of needs theory. Esteem needs are divided into two categories, self-esteem and the esteem we receive from others. Therefore, in the given scenario, Frederick is focused on gaining the respect of his work colleagues and being seen as an expert in his field that falls under esteem needs. The answer is esteem needs.

To know more about esteem visit:

https://brainly.com/question/28768312

#SPJ11

General Electric (GE) and other appliance manufacturers go to the market by using various channels such as company-owned showrooms, e-commerce websites, and retail stores. These channels are utilized to provide consumers with easy access to their appliances, thus increasing their market share and profitability. The decision to insource is influenced by several factors, including cost, quality, and supply chain efficiency. In this context, insourcing is the decision to produce a particular product or service internally rather than outsourcing it to external suppliers.

In the case of GE and other appliance manufacturers, insourcing may be driven by the need to reduce costs, improve quality, or enhance supply chain efficiency. For example, if GE outsources a component of their appliance to a supplier who cannot meet the desired quality standards, GE may choose to insource the production of that component to ensure it meets their quality standards. This is because outsourcing could negatively affect their brand's reputation, causing customers to lose trust in their products. Furthermore, insourcing may help GE control its supply chain and reduce the dependency on external suppliers, reducing the risk of supply chain disruptions.

In conclusion, GE and other appliance manufacturers use various channels to reach their target market and increase their profitability. However, the decision to insource is influenced by various factors such as cost, quality, and supply chain efficiency. By insourcing, companies can ensure that they meet their desired quality standards and control their supply chain, reducing the risk of supply chain disruptions.

To know more about appliance visit

https://brainly.com/question/29189273

#SPJ11

African Americans challenged the system through grassroots movements, civil rights organizations, boycotts, acts of civil disobedience, protests, and legal challenges to discriminatory laws.

In the 1940s, a system of Jim Crow was established in the Tri-Cities region, which refers to Bristol, Kingsport, and Johnson City in Tennessee.

The system of Jim Crow was a racially discriminatory system that enforced segregation and denied equal rights to African Americans.

The establishment of Jim Crow in the Tri-Cities can be attributed to deeply rooted racism and the prevailing social and political climate of the time.

The system of Jim Crow in the Tri-Cities involved the segregation of public spaces, such as schools, parks, restaurants, and transportation, as well as the denial of voting rights and economic opportunities for African Americans.

This system was maintained through laws, policies, and social customs that enforced racial segregation and discrimination.

Despite the oppressive conditions, African Americans in the Tri-Cities and across the United States actively resisted and challenged the Jim Crow system.

They organized grassroots movements, civil rights organizations, and boycotts to fight for equal rights and an end to segregation. They engaged in acts of civil disobedience, protests, and legal challenges to discriminatory laws.

African American activists in the Tri-Cities, like their counterparts in other parts of the country, sought to bring attention to the injustices they faced and advocate for racial equality.

Their efforts were instrumental in shaping the civil rights movement and ultimately contributed to the dismantling of the Jim Crow system in the Tri-Cities and throughout the United States.

Learn more about  system

brainly.com/question/19843453

#SPJ11

The notes payable totaling $250,000 with the Provincial Bank should be classified on Oslo Corp.'s statement of financial position as current liabilities.

Current liabilities are obligations that are expected to be settled within the normal operating cycle of the business or within one year, whichever is longer. In this case, the 90-day notes payable with the Provincial Bank are short-term obligations that are due within one year.

Although these notes are renewable for another 90-day period, they are still classified as current liabilities because they are expected to be settled within the next operating cycle or one year.

The notes payable totaling $250,000 with the Provincial Bank should be classified as current liabilities on Oslo Corp.'s statement of financial position. This classification reflects their short-term nature and the expectation that they will be settled within one year.

To know more about Bank, visit :

https://brainly.com/question/7275286

#SPJ11

3D printers can be used for all of the above purposes.

3D printers have revolutionized manufacturing and opened up new possibilities in various fields. They can create objects using different materials, such as resin polymers and metals, allowing for the production of intricate designs, prototypes, and functional objects. From small trinkets to large-scale industrial parts, 3D printers offer a versatile means of fabrication.

In the medical b, 3D printers have been utilized to create human and animal bones, providing medical professionals with valuable tools for surgical planning, medical training, and the development of implants and prosthetics. By printing bone-like structures or synthetic bone scaffolds, researchers aim to improve regenerative medicine techniques and enhance patient care.

Controversially, 3D printers can also be used to produce gun parts. While this raises concerns regarding firearm regulation, it showcases the ability of 3D printers to manufacture complex objects. However, it is essential to note that the legality and ethics surrounding the production of firearms using 3D printing vary by jurisdiction, and responsible usage is paramount.

To know more about 3D printing industry, visit:

https://brainly.com/question/11138981

#SPJ11

Materiality is an important concept in auditing, as it helps auditors determine the significance of misstatements or errors in financial statements. However, it can be difficult to apply in practice for several reasons.

Firstly, materiality is a subjective concept that depends on the judgment of the auditor and other stakeholders. There is no objective standard to determine what is material, and the threshold for materiality may vary depending on the nature of the company, the industry it operates in, and the users of the financial statements.

Secondly, materiality is not an exact science, and there is always a degree of uncertainty involved. Auditors must use their professional judgment to estimate the potential impact of misstatements on financial statements and assess whether they are material.

Thirdly, materiality is also affected by the risk of fraud, which can make it difficult to detect and assess the impact of misstatements. Fraudulent activities can involve deliberate attempts to conceal or misrepresent information, making it harder for auditors to determine what is material and what is not.

Finally, auditors must consider the cumulative effect of all potential misstatements on the financial statements, and this can be challenging when dealing with complex transactions or multiple sources of data.

In summary, materiality is an essential concept in auditing, but its application requires a high level of professional judgment, subjectivity, and consideration of various factors. Thus, applying materiality in practice can be a difficult task for auditors.

Learn more about auditing here:

https://brainly.com/question/29854826

#SPJ11

The statement that is not true is a. "All costs are controllable at some level within a company." While many costs can be controlled at some level within a company, there may be certain costs that are beyond the control of any one individual or department.

Controlling costs is an important aspect of business management, and while many costs can be controlled at some level within a company, there may be certain costs that are beyond the control of any one individual or department.

For example, external factors such as changes in regulations, economic conditions, or natural disasters can impact costs and may be uncontrollable. Effective cost management requires identifying and controlling controllable costs and developing strategies to mitigate the impact of uncontrollable costs.

Responsibility accounting applies to both profit and not-for-profit entities, and it involves assigning responsibility for specific areas of the organization's performance to individual managers or departments. This can help to improve accountability and encourage managers to focus on their specific areas of responsibility.

As one moves up to each higher level of managerial responsibility, fewer costs may be directly controllable by that manager, as they may have less direct involvement in day-to-day operations. However, senior managers are still responsible for overall cost management and strategic decision-making, which can have a significant impact on the organization's financial performance.

The term segment is sometimes used to identify areas of responsibility in decentralized operations, where different departments or units operate independently but are part of the same organization. Segment reporting can provide greater visibility into the performance of each unit and help managers make more informed decisions about resource allocation and cost management.

Learn more about costs here:

https://brainly.com/question/17120857

#SPJ11

The direct materials per unit cannot be determined from the data provided.To calculate the direct materials per unit, we need to divide the total pounds needed for production by the units to be produced.

However, the information provided in the question does not include the specific value for the total pounds needed for production or the units to be produced. Therefore, we cannot determine the direct materials per unit with the given data.

To illustrate the calculation, if we had the value for the total pounds needed for production, we could divide it by the units to be produced to obtain the direct materials per unit. For example, if the total pounds needed for production were 9,000 and the units to be produced were 3,000, the direct materials per unit would be 9,000 pounds divided by 3,000 units, which equals 3.0 pounds per unit. However, since the specific values for these variables are not provided in the question, we cannot determine the direct materials per unit.

Learn more about  direct materials per unit here:

https://brainly.com/question/14189722

#SPJ11