. A two-office firm, one in Chippewa Falls and another in Fargo, has an audit client that sells medical equipment. The lead audit partner for this client conducts the engagement in the Fargo office. Stockholdings in the client by which of the following persons would not impair the firm’s independence? a. A manager in Chippewa Falls who will provide 26 hours of non-attest services to the client this year. b. A Chippewa Falls staff person who provides no services to the client. c. A tax partner in the Fargo office who provides no services to the client. d. A Fargo staff person working on the audit engagement.

Answers

Answer 1

The right response to this question is (b) A member of the Chippewa Falls staff who doesn't offer the client any services.

An auditor, an audit company, and all members who are covered by Rule 100 of Ethics are required to uphold objectivity, independence, and integrity both before and during the audit.

In our example, A client of an accounting firm with two locations—one in Chippewa Falls and one in Fargo—sells medical equipment.

The engagement is managed by the client's lead audit partner in the Fargo office. Thus, Stock holdings by a Chippewa Falls employee who doesn't provide the client with any services would not compromise the independence of the firm.

The audit requires complete independence from all partners, supervisors, and employees working directly on it.

All partners of a CPA firm who have the power to affect the client's audit process are considered covered members.

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Related Questions

what is the highest investment total i could achieve with a five year investment, rate of return of 10%, initial investment of $0 and a $100 annual investment? will simple interest be greater than compound interest?

Answers

A five year investment, rate of return of 10%, initial investment of $0 and a $100 annual investment could give one a investment of less than $650. Simple Interest will be less than compound interest. Therefore, option (b) is the correct answer.

An annuity is a contract that you have with an insurance provider that obligates the insurer to pay you payments either now or in the future. Either a single payment or a series of payments are required to purchase an annuity.

For the given question,

                  Future Value of annuity = Annuity*((1+r)^n-1)/r

                                         = 100*(1.1^5-1)/0.1

                                         = $610.51

The future value is 610.51 and simple interest will be less than compound interest since interest is paid only on principal and not on the interest. Therefore, the highest achievement that could be achieved, would be less than $650 and simple interest will be less than compound interest.

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Complete question:

What is the highest Investment total I could achieve with a five year investment, rate of return of 10%, initial investment of $0 and a $100 annual investment? Will simple interest be greater than compound interest?

A. More than $650, Simple Interest > Compound Interest

B. Less than $650, Simple Interest < Compound Interest

C. $650 Simple Interest < Compound Interest

D. $650 Simple Interest = Compound Interest

which characteristic of the fraud triangle often stems from a lack of internal controls within an organization? group of answer choices pressure opportunity rationalization concealment flag question: question 46 question 46

Answers

The answer to this question is (a) pressure. The fraud triangle is a tool for explaining a scammer's motivation.

What is fraud triangle?

A structure known as the "fraud triangle" is widely used in auditing to explain the driving forces behind a fraudster's decision.

Three factors—opportunity, incentive, and rationalization—are included in the fraud triangle as contributing to the likelihood of fraud.

Fraud is defined as an intentional deception committed by a person or entity with the purpose of gaining financial advantage.

In other words, fraud is dishonest behavior carried out in order to obtain an advantage or earn money illegally. While harming other people, the criminal act also benefits the perpetrator.

For instance, it is fraud when a staff member steals money from the company's cash register. By getting extra money at the expense of the company, the employee would benefit.

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after researching best buy common stock, sally jackson is convinced the stock is overpriced. she contacts her account executive and arranges to sell short 200 shares of best buy. at the time of the sale, a share of common stock had a value of $68. three months later, best buy is selling for $59 a share, and sally instructs her broker to cover her short transaction. total commissions to buy and sell the stock were $74. what is her profit for this short transaction?

Answers

Her profit for this short transaction is $1726.

When a stock is overpriced , it has a current worth that's not even by its earnings outlook, generally assessed by its P/E ratio. an organization is taken into account overvalued if it trades at a rate that's inexcusably and considerably in far more than its peers.

A broker is a person who facilitates transactions between traders, sellers, or buyers. think about a broker as a middleman who that the group action will run swimmingly which every party has the required data. Brokers exist in several industries, as well as insurance, assets, finance, and trade.

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in pure competition, to calculate economic profit, we first calculate the difference between and average total cost and then multiply it by output. (type only one word in blank.)

Answers

In a market where there is only competition, economic profit is determined by subtracting the average total cost from the average output revenue.

What is the standard formula for revenue?

How do you determine the profit per unit? By dividing sales income by the total number of units sold, one can get revenue per unit. Average Revenue Every Unit is calculated as Net Income / Total Sold.

What are marginal revenue and average revenue?

Definition. The money that an organization can obtain by selling a single unit of their good or service is known as the "Average Revenue." The income a business can obtain by selling an extra unit of its goods or services is known as marginal revenue.

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Which of the following is an example of the barter system?AMatthew wants to exchange his clothes with his twin brother, but he doesn't wish to exchange.BGia pays ninety rupees to a barber for a hair cut.CAnurag wants ten packet of chips in exchange for the one chocolate bar that he has, but his friend does not wish the same.DMatthew agress to give Anurag his clothes and is happy to receive the chocolate

Answers

Anurag is delighted to receive the chocolate, and Matthew is eager to give him his clothes e.g. of barter system.

What kind of system uses bartering?

A different form of commerce called barter involves exchanging goods and services directly for one another rather than via the use of money. For instance, a farmer would trade a shoemaker a pair of shoes for a bushel of wheat.

Where did people use the barter system?

Tribes from Mesopotamia are most likely where the bartering system began circa 6000 BC. The Phoenicians observed the procedure and incorporated it into their culture. These prehistoric humans traded goods for the food, tools, and spices they required.

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if the marginal product of a worker changes based upon the aggregate output of all the workers employed, and if we assume a perfectly competitive market, then the value of each worker's output will be the market price of the product. the formula for this is: demand for labor (dl)

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The marginal made of an input, say Labour, is described as the more output that consequences from including one unit of the input to the existing mixture of productive factors.

Marginal production is the extra output that a company produces by means of including one unit of hard work when all other devices are regular. while you add greater factors of manufacturing , you can growth the quantity of product you produce.

Marginal productivity measures the boom in overall product whilst an additional unit of one of the productive factors is introduced. This concept is crucial for producers and bosses due to the fact it's going to allow them to understand to what volume it is convenient to growth the efficient factors in the sort of manner that it generates earnings.

The marginal product (MP) curve displays changes in overall product (TP) and is drawn the usage of the same horizontal axis. you may draw the marginal product curve under the whole product curve the use of the identical horizontal axis. at the left, labor is the horizontal axis for each curves.

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on july 1, shady creek resort borrowed $420,000 cash by signing a 10-year, 12% installment note requiring equal payments each june 30 of $74,334. what amount of interest expense will be included in the first annual payment?

Answers

Amount of interest expense will be included in the first annual payment $504,000 will be levied on the first interest amount as interest charge.

What does the term interest mean?

The fee you pay to buy things or the fee you cost to lend money is called interest. Interest is often expressed as a yearly portion of the borrowed amount. The risk premium on the loan is this proportion.

Briefing :

According to the given question we have on july 1, shady creek resort borrowed $420,000 cash by signing a 10-year, 12% installment note requiring equal payments each June 30 of $74,334

Borrowed Amount = $420,000

Principal * RATE= Interest   (formula)

Interest Rate = 12%

Interest Expense = Borrowed amount * Interest Rate

Interest Expense = $420,000* 12%

Interest Expense = $504,000

Therefore amount of interest expense will be $504,000 .

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What do changes in Real GDP reflect?

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GDP is significant because it provides data on the size and performance of an economy. The rate of growth in real GDP is frequently utilized as a marker of the economy as a whole.

What does GDP stand for?

GDP, which stands for the gross domestic product, is one of the most common. It is frequently cited in newspaper articles, on television, and in government, central bank, and business reports. It is now widely utilized as a barometer of the wellbeing of national and international economies.

What is a simple example of GDP?

For example, if Country B produced 5 bananas worth $1 each and 5 backrubs worth $6 each in one year, the GDP would've been $35.

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which of the following is an example of a long-run adjustment? a. your university offers saturday morning classes next fall. b. general motors lays off 2,000 assembly line workers. c. a green bean farmer turns on the irrigation system after a month long dry spell. d. costco builds another store.

Answers

The following is an example of a long-run adjustment general motors lays off 2,000 assembly line workers. is option C.

The lengthy-run self-adjustment is a technique through which the economy resets itself to its equilibrium factor after a marketplace shock inside the economic system. ultimately, fees and wages are flexible. in the end, the equilibrium is restored at complete employment output due to modifications in costs and wages.

Long-run self-adjustment. the method through which an financial system will go back to full employment output even without authorities intervention. monetary increase. an boom in an economic system's ability to supply items and services; inside the advert-AS version economic boom is represented via an incr.

The long-run self-adjustment is a manner via which the economy resets itself to its equilibrium factor after a marketplace surprise within the economy. in the long run, prices and wages are flexible. ultimately, the equilibrium is restored at full employment output due to modifications in expenses and wages.

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in many parts of the world, mcdonald's utilizes tv advertising that shows parents interacting with their happy children. such advertising utilizes: a) rational appeals. b) emotional appeals. c) src appeals. d) melodramatic appeals. e) localized appeal.

Answers

In many parts of the world, McDonald's utilizes tv advertising that shows parents interacting with their happy children. such advertising utilizes Emotional appeals.

emotions are intellectual states brought on via neurophysiological modifications, variously related to thoughts, feelings, behavioral responses, and a diploma of delight or displeasure.[1][2][3][4][5] there may be currently no medical consensus on a definition.[6] feelings are often intertwined with mood, temperament, personality, disposition, or creativity. studies on emotion has increased over the last  many years with many fields contributing such as psychology, medicine, history, sociology of feelings, and pc science. The numerous theories that try and give an explanation for the starting place, characteristic and different components of emotions have fostered greater severe studies on this subject matter. current regions of research in the idea of emotion consist of the improvement of substances that stimulate and elicit emotion.

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Which best describes a central bank's primary role?
(i) Reducing unemployment and stabilizing prices
(ii) Supervising the commercial banks of the country
(iii) Controlling stagflation
(iv) Acting as the lender of last resort and provide financial services to the government

Answers

Option (a), The primary function of a central bank is best described as lowering unemployment and stabilizing prices.

What duties do central banks primarily perform?To achieve price stability (low and stable inflation) and control economic swells, central banks must effectively implement their monetary policies. The regulatory environments that central banks must operate in have seen significant change during the last few decades.Furthermore, it is the duty of central banks to maintain the security of the financial systems in their countries' economy. They must maintain a constant eye on lending standards across the entire economy in order to do this, as well as ensure that credit is accessible when it is required.Controlling the bank rate is one method through which central banks affect economic activity. By lowering the cost of borrowing money, lower interest rates can boost the economy, whereas higher rates might stifle expansion.

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clara is frustrated by her job because she does not get enough feedback. according to clara, what is missing from her job? group of answer choices the completion of an identifiable piece of work with a visible outcome the ability to perform different activities, requiring the use of different skills and talents independence in scheduling the work and determining the procedures to use direct and clear information about the effectiveness of her performance

Answers

Clara is missing  feedback from her boss or coworkers and determining the procedures to use direct and clear information about the effectiveness of her performance.

What does Performance mean?

"Performance" is the act of executing a task or activity in an efficient or effective manner. It can refer to the completion of a specific job or the execution of a complex task. Performance is often used to measure the effectiveness of an individual, group, or organization in achieving their objectives.

What does Organization mean?

The process of structuring and coordinating the activities of a business, organization, or group in order to achieve defined goals is known as organization. Typically, this entails developing a system of roles, responsibilities, procedures, and processes. Organization entails developing a clear communication system and assigning tasks to individuals or groups to ensure that the desired outcomes are met.

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what should be the normal result when managers buy convenience items rather than make those same items from scratch? a. food costs decrease and labor costs decrease b. food costs decrease and labor costs increase c. food costs increase and labor costs decrease d. food costs increase and labor costs increase

Answers

Option c. food costs increase and labour costs decrease. Option cis the correct option of the given statement.

In terms of marketing, what is a convenience item?

Consumers typically purchase convenience goods without giving them much attention. The majority of supermarket products, publications, and gasoline are among them. Customers don't take into consideration a product's pricing unless it differs significantly from their expectations because they have a good idea of how much it costs.

What characteristics distinguish a product as being convenient?

The majority of customer purchases are of convenience goods. Without much thought given to comparing them to other possibilities, they are purchased right away. Products marketed as convenience items are frequently inexpensive, undifferentiated from competing goods, and conveniently located for customers to buy.

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economists assume that the typical person who starts her own business does so with the intention of a. donating the profits from her business to charity. b. capturing the highest number of sales in her industry. c. minimizing costs. d. maximizing profits

Answers

The economists are of an assumption that the typical person who starts her own business does so with the intention of maximizing profits. Therefore, the option D holds true.

Profit maximization can be referred to or considered as the process wherein a person or an individual operates in such a way that the amount of profit is the highest.

This may be achieved with the help of generating highest possible revenues at lowest possible costs in a given economy during a given period of time. The belief of profit maximization is directly related towards typical behavior of a rational individual or businessman in an economy.

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the price level rises in the short run ifa. aggregate demand shifts left or aggregate supply shifts right.b. aggregate demand or aggregate supply shifts left.c. aggregate demand shifts right or aggregate supply shifts left.

Answers

If aggregate demand or supply changes to the right or left, respectively, the price level increases in the short run.

The aggregate supply/demand model illustrates the macroeconomic interactions between total supply and total demand as well as the factors that influence either total supply or total demand for the economy.

A change in the aggregate supply or demand curve will affect the equilibrium production and price level in an AD/AS diagram.

The aggregate supply curve moves to the right when productivity increases or the cost of necessary inputs lowers, allowing for a combination of lower inflation, increased production, and less unemployment..

The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.

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Which of the following is not a way in which management can use job cost information?

a. Determining the balance in raw materials inventory

b. Preparing the financial statements

c. Assessing and comparing the profitability of each product type

d. Using the cost information in determining the bid price for custom orders

Answers

Information on job costs cannot be used to calculate the inventory balance of raw materials.

Job Cost Information: What Is It?

A precise way to keep track of all the expenses and income connected to a certain project is through job costing. One-off customer tasks, the creation of brand-new items, or the delivery of numerous concurrently developed products are all examples of projects.

Although each of these components can be broken down further, job costs are commonly broken down into three categories: labor, materials, and overhead. For instance, labor expenditures may comprise both employee salaries and commissions paid to outside vendors. Both direct raw materials that go into final products and indirect materials required to make the product, including equipment, can be included in material expenses. To complete their projects successfully and on schedule, businesses must carefully take each of these factors into account and plan around them.

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he type of account and normal balance of Petty Cash is a(n) O a. expense, debit o b. asset, debit c. revenue, credit O d. liability, credit

Answers

The type of account and normal balance of Petty Cash is an asset and debit. The answer is option B.

What is Petty Cash?

Petty cash is a small amount of cash which is kept on the company premises to pay for minor cash needs. Examples of these payments are office supplies, cards, etc. Petty cash is stored in a petty cash drawer or box near where it is most needed.

Petty cash refers specifically to money, literally, coins and bills, which a company keeps on hand for small outlays, generally because using cash is easier than using a check or credit card.

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product returns cost companies billions of dollars each year in the united states. this is why it is important for a business to plan for the return of raw materials and finished goods. this is known as

Answers

Product returns cost companies billions of dollars each year in the united states. It is important for a business to plan for the return of raw materials and finished goods this is known as reverse logistics.

A company is a prison entity shaped by using a group of individuals to interact in and perform an enterprise—business or commercial—organization. An enterprise can be organized in diverse approaches for tax and financial liability purposes relying on the corporate law of its jurisdiction.

There are 3 commonplace kinds of corporations—sole proprietorship, partnership, and organization—and each comes with its very own set of benefits and downsides. In easy terms, the reason for an enterprise is to have a significant imagination and prescient after which to be worthwhile in accomplishing it. And we should qualify “profitable”: profitability means long-time period sustainable returns, and each word in that phrase is vital.

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for next year, roberto, inc., has budgeted sales of 15,000 units, targeted ending finished goods inventory of 750 units, and beginning finished goods inventory of 450 units. all other inventories are zero. how many units should be produced next year? a) 14,700 units b) 15,000 units c) 15,300 units d) 16,200 units

Answers

Roberto, Inc. has planned 15,000 units in sales for the upcoming year. 15,300 units should be manufactured the following year.

How are projected sales calculated?

The sales budget is actually very simple. Sales volume (units) x Selling price per unit are the formulas used to calculate the sales budget.

The sales budget serves what purpose?

The objective of the sales budget is to accomplish the objectives of the sales department. It also functions as a planning tool. A firm benefits from setting goals and putting in the effort to achieve them. It also facilitates collaboration between other organizational divisions, such as sales, finance, production, and advertising.

What are the three different sorts of budgets?

The three types of annual government budgets are surplus budgets, balanced budgets, and deficit budgets.

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kat is deciding if she would like to join the customer loyalty plan at bonsai plants and books. for simplicity, suppose that she and patrick are the only consumers at bonsai plants and books. you can think of these as types of people if that is easier for you. if kat is the only one who joins, she gets great deals. if patrick also joins then the deals are not that great, but outsiders are the worst off in both cases. the box shows the payoffs from this. patrick joins does not join kat joins 200 200 0 1000 does not join 1000 0 500 500 this is the prisoner's dilemma. what is the nash equilibrium? both do not join. both join. there are two nash equilibria: both join, and both do not join. kat joins, but patrick does not join. kat does not join, but patrick joins.

Answers

There are two Nash equilibria both join, and both do not join.Thus option (A) is correct:

What are the equilibria?

During a reversible chemical process, chemical equilibrium is the state in which there is no net change in the number of reactants or products. When a chemical reaction is reversible, the products react the with original reactants as soon as they are created.

A situation where opposing forces or actions are evenly distributed and neither is stronger than the other.

Two Nash equilibria both join, and both do not join kat is deciding if she would like to join the customer loyalty plan at bonsai plants and books. for simplicity, suppose that she and Patrick are the only consumers of bonsai plants and books. you can think of these as types of people

Therefore, Thus, option (A) is correct:

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suppose you start saving today for a down payment that you plan to make on a house in 10 years. assume that you make no deposits into the account after your initial deposit. the account has quarterly compounding and an apr of 3%. how much would you need to deposit now to reach your goal in 10 years?

Answers

We begin saving these days for a down price that we plan to make on a house in 10 years assuming that we make no deposits into the account after your preliminary deposit. the account has quarterly

and an apr of 3%. we want to deposit S$ 14,832.96.

Deposit these days

right here,

‘AlRate according to annum three.00%

| wide variety of years 10

C|variety of compoundings in keeping with a line with annum four

‘AzC|price in line with length (r) zero.seventy five%

8xC| wide variety of periods (n) 40.

destiny fee (FV) 20,000

Deposit today

S$ 14,832.ninety six

20000x(1(1+0.75%) 40)

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Outline the five-step sequence in a decision process, in the correct order. Process Step 1 Step 2 Step 3 Step 4 Step 5 Shop Hire or fire employees as necessary Identify the problem and uncertainties Implement the decision, evaluate performance, and learn Make decisions by choosing among alternatives Make predictions about the future Obtain information Perform a physical inventory count Review the organization chart Choose from any drop-down list and then continue to the next question
Previous question

Answers

Answer:

The formatting is difficult to interpret, but the explanation contains a good sequence for solving the mystery problem.  Resoponses not used are listed at the end.

Explanation:

Step 1   Identify the problem and uncertainties

Step 2   Obtain information

Step 3   Make predictions about the future

Step 4   Make decisions by choosing among alternatives

Step 5   Implement the decision, evaluate performance, and learn

Not used

Hire or fire employees as necessary

Perform a physical inventory count

Review the organization chart

Shop

Choose from any drop-down list and then continue to the next question

which of the following explains the inelastic demand for agricultural products and why very large price cuts are necessary in order to induce small increases in farm product consumption in high-income economies? multiple choice question. the increasing marginal utility of declining farm output the diminishing marginal utility of declining farm output the diminishing marginal utility of additional farm output the increasing marginal utility of additional farm output

Answers

The increasing marginal utility of declining farm output explains the inelastic demand for agricultural products and why very large price cuts are necessary in order to induce small increases in farm product consumption in high-income economie.

The term "inelastic" refers to the static quantity of a good or service when its price changes. Inelastic demand means that when prices rise, consumers' purchasing habits remain relatively unchanged, and when prices fall, consumers' purchasing habits also remain relatively unchanged. Examples include necessities such as food and fuel. consumption will not reduce their food purchases if food prices rise, though the types of food they buy may change.

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what is it called when you earn interest on both the money you deposit, plus any interest you earned previously?

Answers

Answer:

Compound interest

Explanation:

You earn interest on your interest, depending on how often it compounds.

a company incurred the following costs to complete a business combination in the current year: issuing debt securities $30,000 registering debt securities 25,000 legal fees 10,000 due diligence costs 1,000 what amount should be reported as current-year expenses, not subject to amortization?

Answers

Amortization is the process of lowering the value of a debt or an intangible asset.

Amortization plans are used by lenders, including financial institutions, to provide a loan payback timeline based on a specific maturity date. According to the GAAP matching principle, which relates the asset's value to the revenues it generates, intangibles were amortized (expensed) over time (GAAP). The amount owing by the borrower may increase rather than decrease if loan payments are less than the interest that has accumulated. This is known as a negative amortization. The majority of spreadsheet and accounting software packages offer capabilities for automatically calculating amortization. Direct acquisition-related costs, which include finder's fees, professional and advisory fees, and fundamental administrative costs, are written off as they are incurred. As a straight-line deduction from the debt's carrying amount on the balance sheet, debt issuance costs are then amortized over the debt's life.

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which of the following production strategies is most appropriate for a low-cost business? emphasize quality in operations even when the cost of doing so is high. emphasize specialized quality in operations even when costs are high. emphasize quality in operations when the cost of doing so is relatively low. emphasize operation efficiencies through learning, economies of scale, and capital-labor substitution possibilities.

Answers

The production strategies is  most appropriate for a low-cost business is emphasize quality in operations when the cost of doing so is relatively low.

The  production strategies defines the high level plan for developing and marketing a product, how the product supports the business strategy and goals, and is brought to life through product roadmaps.

These strategies not only help companies achieve their business objectives such as entering new markets, selling more to existing customers or winning business from competitors.

The  most appropriate for a low-cost business is emphasize quality in operations when the cost of doing so is relatively low which leads to generate profit for low-cost business.

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select the correct answer from each drop-down menu. jillian wants to plan her finances because she wants to create and maintain her tax and credit history. she also wants to chart out all of her financial transactions for the past federal fiscal year. what duration should jillian consider to calculate her finances? jillian should calculate her transactions from the month of to the month of of the next year, which is the federal fiscal year.

Answers

Jillian should calculate her transactions from the month of October 1st to the month of September 30th of the next year, which is the federal fiscal year.

The fiscal year of the federal government runs from the first day of October in one calendar year to the last day of September in the following. The fiscal Year 2021 (FY 2021), for example, began on October 1, 2020, and ended on September 30, 2021.

The current fiscal year, FY 2022, will conclude on September 30, 2022. The fiscal year 2023 begins on October 1, 2022, and ends on September 30, 2023.

A fiscal year is an annual time period used by businesses and governments for financial reporting and budgeting. Despite the fact that the length of time is the same, the start and end dates of a fiscal year frequently differ from those of a calendar year.

They are essential for accounting because they are used in federal tax filings, budget documents, and reporting income and expenses.

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Answer:

March

April

Explanation:

I took the test on Plato

which feature do exchange-trade funds (etfs) have in common with mutual funds? they can be traded at any time they are tied to an index one investment purchases a group of assets they are both low risk investments

Answers

A collection of assets known as an exchange-traded fund (ETF) tracks an underlying index. ETFs may include securities like bonds and stocks.

What trait do exchange-traded funds (ETFs) and mutual funds share?

You can access a wide range of domestic and foreign equities and bonds through mutual funds and ETFs. A whole market fund, for example, invests broadly. A high dividend stock fund, for example, or a sector fund, for example, invests selectively.

What characteristics do exchange traded funds have?

A quarterly dividend payment is made by an ETF from the underlying equities. As a result, they are able to store funds for a range of durations during the quarter. The managed stocks that the Exchange Traded Funds offer are larger tax advantages compared to standard mutual funds.

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the core of social media is: select one: a. consumer privacy and confidentiality. b. the convenience it provides to direct marketing. c. the security of individual and brand identity. d. individual empowerment and democratization of knowledge.

Answers

the core of social media is individual empowerment and democratization of knowledge. So option d is correct.

How Does Personal Empowerment Work? 

Taking charge of your life and making decisions that are in line with your desires are key components of personal empowerment. True empowerment, however closely related to qualities like self-esteem and confidence, occurs when you put your intentions into practise. When individuals feel empowered, they may assertively request the information they require, as well as grow in self-awareness and take an equal role in their own care.

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According to the classical dichotomy, which of the following is influenced by monetary factors in the long run? a. the nominal interest rate b. the real interest rate c. the real wage. d. All of the above are correct.

Answers

D). All of the following are influenced by monetary factors in the long run.

The classical dichotomy states that real variables (such as output, employment, and the real wage) are determined by real factors (such as technology, preferences, and population) in the long run, while nominal variables (such as the nominal interest rate and the price level) are determined by monetary factors.

Therefore, the correct answer is d. All of the above are correct. The nominal interest rate and the price level are influenced by monetary factors in the long run, while the real interest rate and the real wage are determined by real factors.

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