Accounts receivable loan and other receivables, loans, and other receivables for confirmation. Audit confirmation: The auditor can make programs statistical or judgment criteria for selecting customers.
Auditors often send paper or electronic requests to customers to affirm accounts receivable and to different economic institutions to confirm outstanding promissory notes. Auditor confirmation letters are important because they provide independent verification of your organization's finances. If your accounts receivable suggests that you owe money to a selected vendor, your auditor would possibly ship that vendor a confirmation letter asking them if that quantity is correct.
A bank confirmation letter is a letter prepared by way of auditees as the request by means of the auditor throughout the audit process to verify the balance, transactions and ownership of the bank account. This letter is ready through the auditee and despatched to the bank directly by the auditor. It ought to no longer send by the auditee.
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What+is+expected+rate+of+return+if+stock+with+beta+of+1.+if+market+rate+of+return+is+14%?
What is the expected rate of return for a stock that has a beta of 1 if the expected return on the market is 14%?
An investment with an expected return of 1.0 must, on average, have the same expected return as the market, which also has an expected return of 1.0.
Return anticipated equals Risk Free Rate plus [Beta x Market Return Premium]. The net gain or loss of an investment over a given time period is referred to as the rate of return (RoR), which is represented as a percentage of the investment's starting cost. Any investment vehicle, including bonds, equities, fine art, and real estate, can be subject to a rate of return (RoR). The RoR is applicable to any asset as long as it is purchased at some point in the future and generates cash flow later on. Investments are evaluated in part based on historical rates of return, which can be compared to assets of a similar type to identify which investments are the most alluring.
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A business manager needs some ___ knowledge in order to understand what he reads in the company ___.
A business manager needs some business knowledge in order to understand what he reads in the company management.
An enterprise is defined as a business enterprise or enterprising entity engaged in industrial, business, or expert sports. companies can be for-profit entities or non-earnings companies. enterprise types vary from restrained legal responsibility organizations to sole proprietorships, agencies, and partnerships.
Businesses assist society first through the distribution of goods and services which are critical for survival. furthermore, they invent employment possibilities that help people in society earn earnings to manage to pay for their desires.
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The most popular method for gathering primary data is _____, in which a researcher interacts with people to obtain facts, opinions, and attitudes.
The most popular method for gathering primary data is survey research, in which a researcher interacts with people to obtain facts, opinions, and attitudes.
What is survey research?
Survey research is the collection of data collected by asking individuals questions either in person, on paper, by phone or online. Conducting surveys is the form of primary research. Survey research is used to compile the opinions, beliefs and feelings of selected groups of individuals, often chosen for demographic sampling. These demographics include age, gender, ethnicity or income levels.To learn more about survey research, refer to:
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Who ultimately guarantees that the obligations of buyers and sellers under a futures contract will be fulfilled?
Nobody E. the clearinghouse When two parties agree to enter into the transaction, the clearinghouse becomes the buyer and seller of the contract and ensures its completion.
In a futures contract, who is obligated?A futures contract binds the buyer to buy a specific asset and the seller to sell and deliver that asset at a specific future date, unless the holder's position is closed before the contract expires. Market participants use futures contracts in two ways: speculators and hedgers. Producers or hedgers are those who create or purchase an underlying asset hedge. These individuals also guarantee the purchase or sale price of the commodity. When a futures contract is purchased, the buyer assumes the obligation to purchase and receive the underlying asset when the contract expires. The seller of the futures contract assumes responsibility for providing and delivering the underlying asset at the expiration date.To learn more about futures contract refer to
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Why is the income approach to value often difficult to use on a single-family residential appraisal?
Because single-family rental property sales are uncommon in the area, it can be challenging to employ the income approach to value when valuing a single-family home.
Income: What Is It?
The money that a person or organization earns in return for their labor or products is referred to as income. Depending on the situation, such as in taxation, financial accounting, or economic research, the definition of income may vary.
The majority of people define their income as all of their receipts, including wages and salaries, investment returns, pension payments, and other types of payments. Income for businesses is defined as the sum of all revenues from the sale of goods and services, as well as any interest or dividends connected to the business's cash accounts and reserves.
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In general, which has the shorter maturity and is more appropriate for funding short term inventory needs?
In general, Commercial paper has the shorter maturity and is more appropriate for funding short term inventory needs.
What is maturity?The term "maturity" or "maturity date" in finance refers to the deadline for making the last payment on a loan or other financial obligation, such as a bond or term deposit, at which point the principal is required to be paid. The majority of instruments have a fixed maturity date, or a specific date on which they mature.
Business maturity refers to how consistently established processes and procedures are followed, how effectively established systems are used, and how individuals develop within the business to deliver remarkable results. across the board, patient care.
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If+you+invest+$2,000+today+for+three+years+at+5%+interest+paid+annually,+you+will+earn+a+total+of+$______+in+interest.+assume+you+re-invest+all+interest.
The compound interest amount after three years will be 2315.35.
Amount = 2000 ( 1+ 5/100)^3
= 2000 (105/100)^3
= 2000 (21/20)^3
= 2315.25
What is compound interest?Compound interest, also known as interest on principal and interest, is the addition of interest to the loan or deposit principal.
When you receive interest on both the principal amount of your savings and any previous interest, this is known as compound interest. So let's say you put $1,000 (your principal) into an investment that generates 5% once a year in interest or other earnings (the compounding frequency).
Adding the annual interest rate raised by the number of compound periods minus one to the initial principal amount yields compound interest. Next, the value obtained is reduced by the full initial loan amount.
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A data analyst gives a presentation about predicting upcoming investment opportunities. how does establishing a hypothesis help the audience understand their predictions?
A data analyst gives a presentation about predicting upcoming investment opportunities. It provides context for the purpose of the presentation.
Developing a hypothesis gives the audience context for the analyst's presentation. It specifies what the analyst intends to prove or disprove about which investment prospects are most promising in this circumstance.
Data Analysis
Data analysis is the act of analysing, cleansing, manipulating, and modelling data in order to identify usable information, inform conclusions, and aid decision-making. Data analysis has many dimensions and methodologies, spanning several techniques under various titles and being applied in various business, science, and social science sectors. In today's corporate world, data analysis may help businesses make more scientific judgments and run more efficiently.
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Charlie's chocolates' had stock issuances of $78,000 and dividends of $34,000. the company has revenues of $111,000 and expenses of $78,000. calculate its net income.
Charlie's chocolates' had stock issuances of $78,000 and dividends of $34,000. The company has revenues of $111,000 and expenses of $78,000 so, Net income will be equal to= Revenue - Expenses
=111,000-78000 which is equal to =$33,000
While expense refers to a cost incurred in the course of producing or providing a core company function, revenue is the phrase used to represent income made via the provision of a business's primary goods or services.
When a business sells its products or services, the gross proceeds are referred to as "revenues" or "sales." Because there are always certain costs associated with manufacturing (both constant and variable), these must be subtracted as expenses from revenue to determine a company's net profit.
Salaries, wages, and employee benefits, marketing and advertising, rent, energy costs, insurance, taxes, interest, depreciation, and amortization are just a few examples of the many various sorts of expenditures that might be associated to expenses.
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When a consumer is purchasing an unfamiliar or expensive product, the consumer often uses the ____ process.
When a consumer is purchasing an unfamiliar or expensive product, the consumer often uses the Extensive Decision Making process.
When an unfamiliar or expensive product is purchased by the consumer this process is known as Extensive Decision Making. It is considered as a long process of deliberation, usually for expensive purchases that require research, where many consumers use the consumer buying process model of decision making.
Extensive decision-making varies by demographic and income level. For example, customers with lower income may use extensive decision-making even in the purchase of non discretionary items, in order to stretch financial resources as much as possible. Customers with more income may only reserve extensive decision-making for such things as exotic vacations or luxury goods.
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A(n) ___ is an internal skill or capability that does not enable a company to choose and implement strategies that support its mission.
A goal of the culturally skilled group counselor may be to have members offer challenging __________ to one another.
A goal of the culturally skilled group counselor may be to have members offer challenging feedback to one another.
What is feedback?The communication of evaluation or remedial information about a process, event, or action to the initiating or controlling source the partial reversion of a process' effects to their source or to a previous stage, as well as the information so transmitted.
Many people think that feedback loop behaviour occurs in the financial markets.
Positive feedback amplifies change, so as share prices rise, more people purchase the stock, driving prices even higher. Negative feedback reduces change, so investors buy stocks when prices fall and sell them when prices rise.
A financial review is a CPA-performed examination of a company's financial records that reports on the credibility of its financial statements while offering only a limited level of assurance.
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Which two types of intellectual property are thought of as opposite to each other?
The two types of intellectual property are Patents, Trademarks.
What are Patents and Trademarks?A patent protects new inventions, processes, or scientific creations, a trademark protects brands, logos, and slogans, and copyright protects original works of authorship.A brand is a marketing idea that includes consumer perceptions of your good or service. Customers link specific characteristics, such as reputation, image, and emotion, to various brands. For instance, a specific brand may have been created to inspire feelings of assurance, serenity, or security in you.A federal trademark registration, on the other hand, can give your brand national legal protection in relation to specific goods or services. You can decide whether to use trademark law to protect your brand. When it comes to their primary or defining products or services, many business owners opt to protect their brand names. If you have a slogan or logo for those products or services, you may also decide to protect it.
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If a company eliminates all discretionary costs due to a severe recession, this could:_______
If a company eliminates all discretionary costs due to a severe recession, this could ensure that the company reports a net loss.
A discretionary cost is a cost that a enterprise or family can live to tell the tale without, if necessary. Discretionary costs are often described as nonessential spending. This means a enterprise or household remains capable of hold itself despite the fact that all discretionary patron spending stops.
The definition of discretionary is some thing that you use as preferred or needed. When you have petty coins available to you to apply, the cash you spend is an example of discretionary spending.
Examples of discretionary constant fees include marketing expenses, public family members expenses, worker training and improvement fees etc.
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A firm had the following accounts and financial data for 2019: the firm's net profit after taxes for 2019 is ________.
a. $206.40
b. $320.40
c. $213.80
d. $206.25
A firm had the following accounts and financial data for 2019: the firm's net profit after taxes for 2019 is b. $320.40.
A firm is a for-profit commercial enterprise, generally formed as a partnership that offers expert offerings, which include criminal or accounting services. The concept of the company posits that companies exist to maximize income.
A company is a commercial enterprise agency that seeks to make a earnings through the sale of goods and services. The time period company is synonymous with commercial enterprise or employer. firms can operate underneath several specific structures, including sole proprietorships and agencies
A company refers to a enterprise worried in the selling of services and products for earnings, generally expert offerings.
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If the demand for textbooks is inelastic, then an increase in the price of textbooks will:_________
If the demand for textbooks is inelastic, then an increase in the price of textbooks will: increase the total revenue of textbook sellers.
On the other hand, if the cost of an inelastic good rises and demand remains constant, the overall revenue rises as a result of the higher cost and constant level of demand. Price increases do, however, often result in a modest decline in the quantity sought.
Inelastic Demand: Demand is said to be inelastic if it does not change as other economic factors do. Demand for goods and services that consumers have many options for is typically elastic, whereas demand for goods and services that consumers have few options for is typically inelastic.
If the demand for textbooks is inelastic, then an increase in the price of textbooks will: increase the total revenue of textbook sellers.
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Waylan’s boss asks him to write his own performance review, then his boss compiles reviews from peers, supervisors, and customers for them to discuss at their meeting. This is an example of
Waylan's boss asks him to write his own performance review, then his boss compiles one reviews from colleagues, supervisors and customers to discuss in their meeting This is an example of a performance review.
The phrase performance appraisal describes a routine evaluation of a worker's productivity and overall value to the business. A performance appraisal, sometimes referred to as an annual performance review, appraisal, or productivity review, assesses an employee's abilities, achievements, and growth—or lack thereof. Employees may feel dissatisfied if the evaluation is not positive and may become disillusioned with the company culture.
Despite the fact that there are many other types of performance appraisals, the most typical is the top-down appraisal, where management evaluates its direct report.
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If the price of a typical market basket of goods increases from one year to the next, the consumer price index (cpi) will:________
If the price of a typical market basket of goods and services increases from one year to the next, then the consumer price index will rise.
What is the significance of CPI?CPI stands for the Consumer Price Index. The Consumer Price Index refers to the measure of the average change in the prices that is generally paid by the urban consumers for a market basket of consumer goods and services.
CPI plays a very significant role in the market basket because it depicts how the changes in price levels affect the heterogeneous customers.
Basically, Consumer Price Index helps the government in formulating fiscal policies, price policy etc.
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The long-term benefit of saving for retirement or any other long-term goal is the power of ___.
Answer: Compound Interest
Explanation:
The long-term benefit of saving for retirement or any other long-term
goal is the power of Compound Interest.
What is compound interest?
The interest on a loan or deposit that is calculated based on both the initial principal and the accumulated interest from previous periods is known as compound interest (also known as compounding interest).
Compound interest, also known as "interest on interest," is thought to have its roots in 17th-century Italy.
Compared to simple interest, which is calculated solely on the principal amount, it will cause a sum to grow more quickly.
The frequency of compounding determines the rate at which compound interest accumulates.
The compound interest increases with the number of compounding periods.
For instance, $100 compounded at 10% annually will accrue less compound interest than $100 compounded at 5% semi-annually over the same time period.
Compound interest is calculated on the initial principal of a deposit or loan, which also takes into account all of the accumulated interest from prior periods.
The annual interest rate is raised to the number of compound periods minus one, and the initial principal amount is multiplied by both of these factors.
The frequency schedule for compounding interest can be set to be continuous, daily, or yearly.
The quantity of compounding periods has a big impact on compound interest calculations.
Compound interest will pay you more over the course of your life the younger you are. In actuality, you are supersizing your finances.
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Discuss the difference between economic value and social value or the shared value creation framework. why do you think organizations tend to focus on the creation of one type of value but not both?
The economic value and social value from each other as one deals with currency and the other deals with the social impact.
What is economic value?
Economic value is a measure of benefit from a good or service to the economic agent and this is measured in the units of currency.
What is social value?Social value is the relative importance that people place on the changes that they experience in their life.
The organizations tend to focus on the social aspects of the organizations vs more than the economic values because social is very important to the organization. Social aspects help reach out and communicate to the customer. With these skills you are able to build up your customer base more and in turn will help boost the economic value of the buisness. Every buisness wants to reach out and communicate and get feed back with it customers in order to perform better build up the organization in the right ways to help growth. The social aspect is a huge focus of organizations the economic value will come in time where as the social aspect takes time and needs to be learned.To learn more about economic value, refer: https://brainly.com/question/13313034?referrer=searchResults
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The portion of the obama stimulus package that provided unemployment benefits for longer than the usual 26 weeks is best thought of as?
The portion of the obama stimulus package that provided unemployment benefits for longer than the usual 26 weeks is best thought of as non-discretionary fiscal policy
What is Fiscal policy?
Fiscal policy is the use of taxes and government spending to control the economic activity of a country. Such intent is explicitly stated in the Employment Act of 1946 and restated in the Humphrey-Hawkins Act of 1978.
What is Nondiscretionary fiscal policy ?
Nondiscretionary fiscal policy consists of policies that are built into the system so that an expansionary or contractionary stimulus can be given automatically. Unemployment insurance, the progressive income tax, and welfare serve as the built-in policies.
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What+is+the+price+today+of+a+two-year,+default-free+security+with+a+facevalue+of+$1000+andan+annual+coupon+rate+of+6%?do
The value of the bond price is P = $989.41.
What is Economics?It is defined as a science that studies the analysis of resources, such as natural and monetary resources, with the purpose of creating wealth, consumption of goods and services, in order to meet human needs.
The equation we will use to answer this problem is given by the following expression:
P = CPN/1 + YTM1 + CPN/(1 + YTM2)² + --- + CPN+FV/(1 + YTM)ⁿ
Where the values of the variables are:
CPN = $60FV = $1000YTM1 = 0.06YTM = 0.066P = 60/1 + 0.06 + 60+1000/(1 + 0.066)²
P = $989.41
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A(n) ____ is an information system that provides decision makers with regular, routine, and timely information that is used to make decisions.
A Management information system (MIS) is an information system that provides decision makers with regular, routine, and timely information that is used to make decisions.
What is Management information system (MIS)?Management Information Systems (MIS) is the study of people, technology, organizations, and the relationships among them. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. MIS is a people-oriented field with an emphasis on service through technology. If you have an interest in technology and have the desire to use technology to improve people’s lives, a degree in MIS may be for you.
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Calculate the average collection period for dotte inc. if its accounts receivables were $500 and $600 at the end of each of the last two years, and its revenue over the last year was $3,000:________
Calculate the average collection period for dotte inc. if its accounts receivables were $500 and $600 at the end of each of the last two years, and its revenue over the last year was $3,000: 67 days
Sales are the money an agency earns from the sale of its services and products. Cash drift is the internet sum of money being transferred into and out of an organization. Revenue provides a degree of the effectiveness of an organization's income and advertising, while cash flow is greater of a liquidity indicator.
In bookkeeping, revenues are credited due to the fact revenues purpose proprietor's fairness or stockholders' equity to increase. recollect that the accounting equation, belongings = Liabilities + owner's fairness, have to usually be in balance.
Supply of revenue method segregation of revenues by way of supply. The number one classification differentiates district, intermediate, kingdom, and Federal revenue resources. revenues from restricted resources would be similarly classified as the use of the project/Reporting dimension.
Average of accounts receivables = (500+600)/2
= 550;
Receivable turnover ratio = 3000/550
= 5.4545 ;
Average collection period = 365/5.454 = 67 days ;
ans is 67 days.
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According to the vrio framework, non-value-adding resources and capabilities will lead to _____ for a firm.
According to the VRIO framework, non-value-adding resources and capabilities will lead to Sustainable Competitive Advantage for a firm.
Sustainable Competitive Advantage: A group of resources, traits, or skills that help a firm better satisfy the needs of its customers than the competitors are known as sustainable competitive advantages. It is challenging to duplicate or replicate sustainable competitive advantages.
VRIO Framework: VRIO is an acronym for a four-question framework focusing on value, rarity, imitability, and organization, the criteria used to evaluate an organization's resources and capabilities.
According to the VRIO framework, non-value-adding resources and capabilities will lead to Sustainable Competitive Advantage for a firm.
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The solow growth model is a generalization of the production model. group of answer choices
a. true
b. false
The solow growth model is a generalization of the production model. Hence, the given statement is true. Option A is correct.
What is the Solow growth model?The Solow Growth Model, an exogenous model of economic growth, examines changes in an economy's output level over time due to variations in the rates of population growth, savings growth, and technological advancement.
The output growth rate is equal to the total factor productivity growth rate plus the contribution from the growth of both capital and labor, according to the growth version of the production function.
Hence, The solow growth model is a generalization of the production model. the given statement is true. Option A is correct.
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Which business opportunity involves higher start-up costs?
A business opportunity that involves higher start-up costs is Foreign Direct Investment.
What is foreign direct investment?This refers to when a foreign company or entity, buys into a local company and becomes the controlling interest. It means that they have to be hands-on in managing the company.
Foreign Direct Investment leads to high start-up costs because the foreign business would have to spend a lot on labor, equipment, and other expenses to get the business running.
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How might expectations of higher prices in the united states affect the demand for loanable funds, the supply of loanable funds?
The interest rate is crucial since it essentially displays to borrowers the cost of their borrowing.
The need for loanable cash will decrease if the cost of borrowing becomes too high.
This is so that borrowers wouldn't continually be required to pay back large sums of money. Contrarily, when interest rates are low, borrowing money is significantly less expensive, which leads people to request more money.
What are Loanable funds?Loanable funds refer to funds or the sum of money that will be lent with the expectation of interest. Sources of the Funds Available for Loan: The loanable supply comes from four different places. As follows: 1. Savings: Individuals' or families' savings are the most significant source of loanable funds. 2. Dishoarding, 3. Bank credit and 4. Disinvestment
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In the ge business screen portfolio management technique, businesses that have good competitive position in an attractive industry are known as:_________
In the age business screen portfolio management technique, businesses that have a good competitive position in an attractive industry are known as Winners.
A management technique is 'a regarded technique of analyzing or fixing a regarded sort of control trouble in an in-depth, systematic manner. A management hassle is any state of affairs in which a manager has to take a management choice.
Management technique includes the planning, prioritizing, and organizing of paintings efforts to perform goals within a commercial enterprise agency. A management fashion is the specific manner managers cross about conducting those objectives. It encompasses the manner they make choices, how they plan and prepare work, and how they work out authority.
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An organization responds to the structure of its industry by choosing a competitive strategy. True or false?.
By deciding on a competitive strategy, a business responds to the industry structure. True
Business is the practice of making a living or receiving compensation via the creation, acquisition, and selling of things (such as goods and services).
Since the business and its owner are one and the same, they are jointly and severally accountable for all debts committed by the latter. In the event that the business accrues debts, creditors may seize the owner's personal belongings. A firm structure is exempt from corporate tax rates. The proprietor must pay personal taxes on any earnings made by the company.
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