The answer is I and III. Within 30 days, Christy must file a protest and she may respond with an oral protest with regard to her audit and financial records.
The purpose of auditing is to make sure that a company is keeping its books of accounts in accordance with the law. Auditors analyze the claims made in front of them, gather supporting data, then evaluate the claims in their auditing report. Various stakeholders can receive third-party assurance from audits that the subject matter is free of material misrepresentation. The phrase is most usually used in reference to audits of a legal person's financial records.
Christy's 2019 tax return was audited during November 2020 The auditor proposed an additional tax due of $1,500. Christy disagreed. What should Christy do next?
I. Within 30 days, she must file a protest.
II. She must respond with a written protest letter
.III. She may respond with an oral protest.
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the shape of argentina's production possibilities frontier (ppf) should reflect the fact that as argentina produces more cars and fewer trucks, the opportunity cost of producing each additional car
Remember that the same set of resources can be used to make both tablets and smartphones. This means that if Argentina decides to create more smartphones and fewer tablets, the resources utilized to make the additional smartphones will be just as well suited to smartphone production as the resources presently employed in smartphone production. When a result, as more smartphones are created, the opportunity cost of generating each additional smartphone remains constant.
The opportunity cost of making cellphones is reflected in the curvature of bowed-out PPFs. Producing one additional tablet entails giving up fewer smartphones in flatter places. In hilly places, however, generating an additional tablet necessitates giving up more smartphones. In other words, as you move along the PPF, the opportunity cost of creating tablets changes.The opportunity cost of making tablets is constant in linear PPFs and is reflected in the slope of the PPF. If the PPF is flatter, creating an additional tablet necessitates the sacrifice of fewer cellphones. If the PPF is higher, creating an additional tablet necessitates the sacrifice of more cellphones.Because the opportunity cost of making additional tablets remains constant when more resources are allocated to tablet manufacture, the PPF must be linear in this scenario. As a result, Graph 1 best reflects Argentina's trade-off between generating tablets and smartphones.Thus, this is the meaning of Argentina's Production Possibilities frontier (PPF).
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Marginal analysis compares ____________ and ____________ to determine the optimal outcome or choice.
The marginal analysis compares marginal benefits and marginal costs to determine the optimal outcome or choice.
The marginal benefit is the maximum amount a consumer will spend on an additional good or service. When a buyer makes a second purchase of a good or service, they are also increasing their utility or level of satisfaction. The marginal advantage to a consumer tends to decrease as the use of the good or service increases.
The difference in overall production costs brought on by manufacturing or producing an additional unit is known as the marginal cost. To calculate marginal cost, deduct the change in production expenses from the change in quantity. An organization must understand when it may achieve economies of scale in order to maximize output and overall operations. This is what marginal cost analysis aims to achieve.
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demand is said to be when the quantity demanded changes at the same proportion as the price.
Demand is said to be when the quantity demanded changes at the same proportion as the price is unitary elasticity.
Demand is an economic concept that pertains to a customer's choice to purchase goods and offerings and willingness to pay a specific charge for them. An growth inside the charge of an awesome or provider has a tendency to decrease the quantity demanded.
Supply and demand determine the fee of products and portions Produced and consumed. Customers might also exhaust the to be had deliver of a good by buying a given appropriate or carrier at a excessive extent. This ends in an growth in call for. As demand will increase, the available deliver additionally decreases.
Demand for a services or products offers the firm the possibility to develop the commercial enterprise, hiring extra employees and growing capability to healthy the call for. However, oversupply and occasional demand forces businesses to contract, laying off team of workers and last factories.
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They help to provide goods and services to the people. one advantage of government involvement in the economy is to try to keep things fair and unemployment low.
Governments maintain competition, offer public products and services, allocate income, account for externalities, and fix the economy in addition to providing the legal and social framework.
What goods and services does the government provide and how?The benefits of a command economy include low levels of income inequality and unemployment as well as the shared goal of displacing profit with equality as the main driving force behind production. Lack of competition, which can result in a lack of innovation, and inefficiency are disadvantages of command economies.
Almost everywhere, the government has a significant impact on the provision of services including environmental and fire prevention, transportation, education, and national defense. They are commonly referred to as "public utilities."
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Do-yun has just joined a law firm as its purchasing agent for all supplies, equipment, and service contracts. In his previous position at another company, do-yun could make decisions for any purchase up to $1 million; however, at the new law firm, he can only make decisions for purchases less than $500,000. Recently, do-yun has been working with a sales representative from a computer software firm on a contract for a new program to process the firm’s billing statements. Do-yun signs the contract, even though it is for $950,000. In this case, do-yun _______ part of the market for the software because _______.
The fill in the blanks is : is not and Do-yun does not have the authority to purchases
Service contracts are agreements between a consumer or client and the person or company providing the services. For instance, a working relationship between a contractor and a homeowner could be described in a service contract. Or, a formal agreement could be formed through a contract between a company and a high-ranking employee regarding that employee's pay and working conditions (i.e., the rules under which they are employed): The corporation has reduced service agreements for its executive directors to one year's notice. Service agreements ensure that your equipment is kept in good condition, minimizing future breakdowns and reducing the chance of rushing to schedule an emergency restoration after a power outage.
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drew and hank were camping at hank’s riverfront cabin. hank told drew that he rarely used the cabin and was thinking of selling it. drew said that he’d buy it from hank for $80,000, which hank agreed was a fair price. it’s two months later, and hank is upset that drew now says he won’t buy it. why isn’t this contract enforceable?
Due to the requirement that real estate contracts be in writing, the agreement is not enforceable.
What kind of real estate contract is most typical?
The most typical kind of real estate contract is a selling contract, which would often outline the specifics of buying a property. The buyer and seller must both formally approve and sign the contract.30-day, 90-day, six-month, and one-year listing agreements are some of the most frequent listing terms.writing a real estate buying contract,
Specify the location of the property being bought, together with other necessary legal descriptions.Name and address information for the buyer and the vendor should be provided.Give specifics on the property's cost and the circumstances of the deal.Decide on the closure time and fees.To learn more about Real estate contracts , visit:
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eileen spends $8 to order a mojito cocktail. eileen earns $625 per week working for rowan and martin associates. clancy earns $325 per week working for little havana.
GDP is the money value of all final goods and services produced during a given period. Thus, the statement is true
Statement 1 Eileen spends $8 to order a mojito cocktail - Market for goods and services
Statement 2 Eileen earns $625 per week working for rowan and martin associates - Market for factors of production
Statement 3 clancy earns $325 per week working for little Havana - Market for goods and services
Gross home product is a monetary measure of the market value of all the final items and services produced in a particular term by way of nations. because of its complicated and subjective nature, this degree is often revised before being taken into consideration as a dependable
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For the fall semester, you had to pay a nonrefundable fee of $900 for your meal plan, which gives you up to 150 meals. if you eat 100 meals, your marginal cost of the 100th meal is?
If you eat 100 meals, your marginal cost of the 100th meal is $9.
Given,
Nonrefundable fee = $900
The number of meals that can be eaten with the meal plan = 150
The number of meals ate = 100
The marginal cost of the 100th meal is calculated below:
Marginal cost of a meal = Total amount paid for the semester meal plan / Total number of meals taken.
= $900/100
= $9
Hence, the marginal cost of the 100th meal is $9.
Marginal cost is referred to as the increase or decrease in the cost of producing one more unit or serving one more customer from the unit.
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corporation began the year with cash of $142,000 and land that cost $25,000. during the year thompson earned service revenue of $270,000 and had the following expenses: salaries, $175,000; rent, $81,000; and utilities, $28,000. at year-end thompson's cash balance was down to $16,000. how much net income (or net loss) did thompson experience for the year?
The net loss is $14000 Thompson had experienced at the the end of year .The total net income is $1,53,000.
How much is net income?The income of a person or business after deducting costs, allowances, and taxes is referred to as net financial gain.
Net in business is what remains after deducting all costs, including salary and wages, the cost of goods and raw materials, and taxes. Profits for persons are the takings after deducting taxes, insurance, and pension contributions. Profits should ideally be higher than prices to indicate a healthy financial situation.
To calculate net income, start with gross income, which is the whole amount of money produced. Then, subtract charges like taxes and interest payments.
The amount that an individual really receives from their paycheck each month—as opposed to the gross amount they are paid before payroll deductions—is known as their net income. Other kinds of income, such as Social Security benefits, side jobs, or investment income, may boost your net income.
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Many people tend to be too conservative when investing their retirement funds. group of answer choices
a. true
b. false
Many people grow to be too conservative when funding their retirement funds. True.
Is it good to be a conservative investor?Conclusion. Given our results, we conclude that traditional, low-risk stocks generally deliver stable and high long-term returns as they 'win by failing less. Their details of preserving capital in down demands and participating meaningfully in up markets are key elements for long-term capital gain.
Prime money market funds, mainly finance short-term corporate and bank debt protection. Government cash market funds, especially invest in government-backed guarantees. Tax-free money market funds can support municipal bonds or different tax-exempt forms of debt.
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When data are collected the observations (values) are usually said to be in ________
When data are collected the observations (values) are usually said to be in quantitative observations.
What is quantitative observations?An objective data analysis technique known as a quantitative observation combines numerical and statistical characteristics to gauge study factors. This method of observation treats research variables as numbers, hence it is frequently associated with quantifiable quantities like age, weight, volume, and scale.
Things like temperature hot or cold, flavour sweet or salty, texture smooth or rough, and even mood can be included in qualitative assessments angry or happy.
Thus, it is quantitative observations.
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Which element of the business model addresses why the customer should buy from you?
Value Proposition
Value proposition is defined as the value which the company's promise to deliver to its customer which they should buy from producer.
Every product is unique in its own way and have different value with it.
It is the part of company's marketing strategy.
It presents the summarize statement that why customer should buy their product or service.
It can be communicated to the customers in many ways such as advertising, posting on company's website, offer them to use a sample product or service.
It helps in generating sales also.
A successful value proposition is when it persuades a buying customer to the paying customer.
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shows that the change in total cash from one year to the next is equal to the net operating, investing, and financing cash flows.
The cash flow statement shows that the change in total cash from one year to the next is equal to the net operating, investing, and financing cash flows.
A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.
The financial statements of a firm give investors and analysts a picture of all the business transactions that take place, where each transaction helps the company succeed. Because it tracks the cash generated by the business in three key ways—through operations, investments, and financing—the cash flow statement is seen to be the most understandable of all the financial statements. Net cash flow is the total of these three components.
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Considering the triple bottom line requires looking at how business decisions impact all of the following except? the profits. the planet. the people. the platitudes.
The triple bottom line requires looking at how business decisions impact all of the following except the platitudes.
The triple bottom line is an accounting framework that includes social, environmental, and financial effects as bottom strains. corporations, nonprofits, and authorities entities use TBL to evaluate their monetary profits, as well as their social and environmental effect. In economics, the triple backside line TBL keeps that organizations must commit to focusing as a whole lot on social and environmental concerns as they do on profits.
The triple backside line represents people, Planet, and earnings measure an organization's social environment, and financial overall performance. culture isn't one of the three elements of company Social responsibility. lifestyle is not one of the regions in which agencies have company social responsibility. The three elements of CSR are the environment, economic system, and society.
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supplemental plans usually cover the deductible and copay or coinsurance of a primary health insurance policy. which is the best known supplemental plan?
Medigap known as the best supplemental plan usually covers deductible health policies.
What do you understand by primary health care?Primary healthcare centers on treating the whole person rather than treating particular illnesses. In contrast to specialists in a certain disease area, clinicians practicing in general practice are generalists who deal with a wide range of medical, psychological, and social problems. Since primary health care is the foundation of the healthcare system, it is frequently where people first interact with it. Health promotion and prevention through the treatment and management of both acute and chronic illnesses encompasses a wide range of activities and services. Primary care's major goal is to enhance public health by making access to healthcare simple.
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in may, pasta disasta, inc. paid its suppliers $500 that it owed for the pizza pans purchased and received in april. which accounts are affected? (check all that apply.)
In a situation where pasta disasta, inc. paid its suppliers $500 in the month of May that it owed for the pizza pans purchased and received in April, Cash in hand and bills payable accounts are affected. Therefore, the options B and C hold true.
What is the significance of affected accounts?The affected accounts can be referred to or considered as the accounts that have a debit or a credit effect upon the occurrence of a financial transaction in a business organization during an accounting period.
When payments for good bought on credit are made, it reduces the liabilities of the firm under bills payable heads, and also leads to a decrease in the assets under cash balances.
Therefore, the options B and C hold true and state regarding the significance of affected accounts.
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The missing options to the incomplete question have been added below.
in may, pasta disasta, inc. paid its suppliers $500 that it owed for the pizza pans purchased and received in april. which accounts are affected? (check all that apply.)
A. Stockholder's equity
B. Bills payable
C. Cash in hand
long term contracts for movie stars from 1936-1950 and sabermetrics in baseball both relate to what?
Long-term contracts for movie stars from 1936-1950 and sabermetrics in baseball both relate to Resource Based View (RBV).
Any contract for the production, building, installation, or construction of the property is considered a "long-term contract" if it is not finished during the tax year in which it is engaged into. Long-term contracts can give an agency the much-needed stability they need, particularly if you're just getting started. A long-term contract can make managing your agency's cash flow less of financial guessing and gives you a fantastic chance to develop a deep connection with your client. The first-period offer is not subject to breach or renegotiation under long-term contracts between the supplier and the buyer.
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a hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. in this example, the hedge fund is .
A hedge fund purchased credit score default swaps on securities it did no longer own as it believed that the securities have been probably to default. in this situation, the hedge fund is Speculating.
Securities are fungible and tradable financial instruments used to elevate capital in public and personal markets. There are mainly three sorts of securities: fairness—which provides ownership rights to holders; debt—essentially loans repaid with periodic payments; and hybrids—which integrate factors of debt and equity.
Security is a tradable financial asset. The term normally refers to any shape of the economic tool, however, its criminal definition varies by means of jurisdiction. shares, bonds, desired shares, and ETFs are some of the most not unusual examples of marketable securities. cash market instruments, futures, options, and hedge fund investments can also be marketable securities. stocks, bonds, desired stocks, and ETFs are many of the maximum commonplace examples of marketable securities. cash marketplace devices, futures, options, and hedge fund investments can also be marketable securities.
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What is the total contribution margin provided by calendars products for the current year?
The total contribution margin provided by calendars products for the current year is 55%.
You can present the contribution margin as a gross or per-unit figure. After deducting the variable element of the company's costs, it indicates the additional revenue made for each product or unit sold.
By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The measure, which is often referred to as dollar contribution per unit, shows how much a specific product contributes to the company's overall profit.
It offers a means of illustrating the profit potential of a specific good or service a business offers, as well as the percentage of revenue that goes toward paying the business' fixed expenses. Profit is defined as whatever revenue remains after covering fixed costs.
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In the simulation, after a round is processed, the report that provides the results of all of the companies for the prior year, or industry newsletter, is called?
In the simulation, after processing a round, the report that brings the results of all companies from the previous year, or sector bulletin, is called Capstone Courier.
What is Capstone Courier?Corresponds to the sector bulletin, which contains important information about a business area, your company and competitors. This report helps you make strategic decisions by allowing you to analyze the market, the strengths and weaknesses of your company and competitors.
Therefore, through Capstone Courier, companies are able to have a more comprehensive strategic view of the macro-environment, helping in future decision making.
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an arrangement a manufacturer makes with a reseller to handle only its products and not those of competitors is called a(n)
An agreement a manufacturer forms with a reseller to exclusively deal with its products and not those of rivals is referred to as exclusive dealing.
Exclusive dealing. When a supplier binds the buyer by restricting their ability to choose what, who, and where they do business, this is known as exclusive dealing in economics and law. When it significantly reduces industry competition, it is illegal in the majority of nations, including the USA, Australia, and Europe.
Exclusive dealing is permitted when the sales outlets are owned by the supplier owing to vertical integration, but is prohibited (in the US) when they are independent due to the Restrictive Trade Practices Act. If it is registered and approved, however, exclusive dealing is permitted.
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Money is the most liquid asset available because:______.
a. it is a store of value.
b. it is a medium of exchange.
c. it is a unit of account.
d. it has intrinsic value.
Money is the most liquid asset available because it is a medium of exchange. So the correct answer is option (b) it is a medium of exchange.
Even though it is a good shop of value, cash isn't always a great keep of cost. Inflation slowly erodes the purchasing electricity of cash over time. Second money is a unit of account. You could consider money as a yardstick-the tool we use to degree fee in economic transactions.
Forex and cash are mediums of change. They are essential for an economic system for green buying and selling and boosting the activities related to alternate and trade. Extensively, they've purchasing energy, saved price, and commonplace terminology and act as a trendy unit size.
Money's maximum critical function is as a medium of trade to facilitate transactions without money, all transactions would must be performed by barter, which includes direct exchange of 1 excellent or service for another.
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Consider+a+perpetuity+that+pays+$60+per+year+with+the+first+payment+today.+the+discount+rate+is+8%.+what+is+the+present+value+of+the+perpetuity?
The PV of the perpetuity is $750.
A perpetuity is a type of investment that pays forever. In the world of finance, perpetuity refers to an endless stream of identical cash flows. The dividend discount model is one financial theory that incorporates the idea of perpetuity (DDM).
A perpetuity is a kind of annuity in which the payments never stop. Depending on its nature, it might have a fixed or rising payment schedule. For instance, a rental property will provide you with a set sum each month. A government bond, on the other hand, will yield an increasing sum with time after each period.
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If you're asking yourself whether you want to make it easy for the ownership of your new business to change hands, which of the key questions about legal form of ownership are you posing?
If you're asking yourself whether you want to make it easy for the ownership of your new business to change hands, the key questions about the legal layout of ownership are you posing
b. Should it be feasible for the business to continue without you?
What are the 4 types of ownership?Though you may have listened about several additional types of ownership when exploring the business options, there are only four direct types that you'll likely have to think about: the sole proprietorships, partnerships, limited liability firms, and the enterprises.
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jet green offered a differentiated experience by providing free wifi and movies. that differentiation appealed to gabby and influenced her purchase decision. which specific influence did this aspect of the experience appeal to?
Jet green offered a differentiated experience by providing free Wi-Fi and movies. That differentiation appealed to gabby and influenced her purchase decision. This aspect of the experience appealed to the specific influence of psychological needs.
Psychological needs refer to a psychological state where something is required or wanted. It represents any need that is essential for mental satisfaction. These needs consist of four higher levels of Maslow's motivational hierarchy. These can be in the form of a need for pleasure, social approval, justice, or job satisfaction.
SDT has suggested three physiological needs which are universally significant and essential for psychological wellbeing and autonomous motivation. These are autonomy, competence, and relatedness. These needs can be manifested internally or externally.
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session 02 featured cedric bandoh, who is a rising executive in supply chain management at hewlett packard. cedric described the reason(s) that hp recruits heavily from our bauer supply chain management majors as:
Many leaders at HP hold degrees from Bauer, including the VP of Procurement ("Buy" Function). Furthermore, our SCM majors gain the breadth and depth of knowledge within their classes that have shown to enable our alumni to be successful in their employment over time.
A supply chain is the network that links all of the individuals, companies, assets, actions, and tech involved in the production and sale of a product. Everything from the movement of raw materials from a supplier to a production to the ultimate distribution to the end customer is included in a supply chain.The process of organizing the multiple processes required to produce and deliver goods and services to a firm's clients is known as supply chain management. Supply chain activity includes design, farming, manufacturing, packing, and transportation.Thus this is the meaning of supply chain.
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when you specialize in a task that you do best, you are applying the: a. law of demand. b. law of supply. c. law of absolute advantage. d. law of comparative advantage.
When we specialize in a task that you do best, we are applying the
a. law of demand
b. law of supply
c. law of absolute advantage
d. law of comparative advantage
The correct option is Option b.
What is the law of supply?
The law of supply is the microeconomic law which states that, all other factors are equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, or the vice versa.The law of supply says that as the price of an item goes up, suppliers will try to maximize their profits by increasing the number of items for sale.To learn more about law of supply, refer to:
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When you specialize in a task that you do best, you are applying the law of comparative advantage.
What is the law of comparative advantage?David Ricardo created the concept of comparative advantage in 1817 to explain why countries trade with one another even though their enterprises, factories, and people are more effective at producing every good than those of the rival nation.What you do best and give up the least is what you have a comparative advantage in.The deciding factor in commerce and specialization is comparative advantage. Countries have a comparative advantage in production when they can provide a good or service at a lower opportunity cost than other producers.When you specialize in a task that you do best, you are applying the law of comparative advantage.To learn more about comparative advantage, refer to:
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The individual responsible for the assessment, management, and implementation of information-protection activities in the organization is known as a(n) ____________.
The individual responsible for the assessment, management, and implementation of information-protection activities in the organization is known as a Chief information security officer.
Who is a Chief information security officer?The establishment and maintenance of the enterprise vision, strategy, and program to guarantee that information assets and technologies are effectively protected fall within the purview of the chief information security officer (CISO), a senior-level executive within a business. In order to lower information and information technology (IT) risks across the organization, the CISO oversees staff in the identification, development, implementation, and maintenance of processes. They oversee the creation and execution of policies and processes, set suitable standards and controls, manage security technologies, and respond to incidents. The CISO is typically in charge of overseeing compliance with regard to information (for example, ensuring that an entity or a portion of it receives ISO/IEC 27001 certification).
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jan has been a model tenant, living in her apartment for almost five years when she lands her dream job in london. because joseph, her landlord, is so fond of her, he’s accepted her six weeks’ notice. it’s the prime time of year for apartment rentals, so he releases her from her lease six months before it expires. the lease was terminated by .
The lease was terminated by Mutual agreement
A form of agreement known as a mutual agreement has reciprocal or bilateral legal duties. In other words, a mutual agreement is advantageous to all parties involved.A contract is an agreement between two or more private parties that creates legal duties for both parties. The fundamental components necessary for the agreement to constitute a binding contract are: capacity; legality; sufficient consideration; appropriate consideration indicated by a legitimate offer and acceptance; and mutual assent.
What does a legal "mutual agreement" mean?This definition includes all legally enforceable contracts that the parties have signed and mutually agreed upon all terms and provisions as mutual agreements. The common understanding serves as the foundation for the contract's implementation since both parties are certain that they are engaging in a legitimate transaction.To learn more about mutual agreement, Click the links
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an employee who contacts the sec to report her company's use of illegal accounting procedures is an example of
An employee who contacts the SEC to report her company's use of illegal accounting procedures is an example of whistle-blower. Anyone, including outside contractors, who is able to gather reliable information about significant tax fraud may submit an IRS whistleblower claim.
WHY DO PEOPLE WHISTLEBLOW?When an employee reports a protected concern to their employer or the appropriate regulator about something they have learned about via their employment, this is known as whistleblowing.
The employee must have a real belief that the employer, coworkers, clients, or other parties are engaging in illegal or dangerous behavior that impacts others—such as the public—and must share the information in good faith for it to qualify as a protected disclosure. Examples include breaking the law or committing crimes, putting one's health and safety at danger, causing environmental harm, and unfair trials.
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