It serves the interests of client management rather than the public. This statement is not true regarding the special function performed by the external auditing profession.
"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."
The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management.
This question is incomplete, I have found the complete question and mentioned below:
Which of these is not true regarding the special function performed by the external auditing profession?
a. It helps ensure the reliability and integrity of the financial reporting system.
b. It exists to serve the users of the organization's financial statements.
c. It serves the interests of client management rather than the public.
d. It attests to the fairness of the client's financial statements.
To know more about Auditors click below:
brainly.com/question/13812517
#SPJ4
harold pope is a ticket broker. he is guaranteed a minimum weekly salary of $650 or 5% of his total sales, whichever is higher.
Harold pope is a ticket broker. he is guaranteed a minimum weekly salary of $650 or 5% of his total sales, For one week, he would make _____ sales overall.
Harold pope is a ticket broker. he is guaranteed a minimum weekly salary of $650 or 5% of his total sales, For one week, he would make $14,500 in sales overall.
The required details for arithmetic operations in given paragraph
How do arithmetic operations work?
Inbuilt functions for adding, subtracting, dividing, and multiplying can also be used to specify arithmetic operations. the person who executes mathematical procedures.
Assuming $725 in gross pay
For one week, let his total sales be x.
He will always make at least $650 each week or 5% of his gross sales.
to figure up his weekly sales overall
725 is 5% of his whole revenues.
⇒ 0.05x = 725
⇒ x = 725/0.05
⇒ x = 14500
His weekly sales would reach $14500 as a result.
To know more about arithmetic operations in given link
https://brainly.com/question/13181427
#SPJ4
which taxpayer(s) will be required to file a 2021 federal income tax return? none of the individuals are blind.
With a gross income of $4,300, Antonio (33), His marital status is filed separately.
What Is a Taxpayer?A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies. Individual taxpayers in the US are often required to submit and pay both federal and state tax returns each year. Businesses must also submit yearly returns, although they often budget for and make scheduled anticipated tax payments all year long.
The federal, state, and municipal governments all play a role in enacting and enforcing the U.S. tax system. The major regulatory body in charge of enforcing the established income tax system for both individuals and corporations is the Internal Revenue Service (IRS).
To learn more about the, Taxpayer visit:
https://brainly.com/question/14319695
#SPJ4
20) Vhich business organization is described by the following list? (SSEMI3A DOK: 2)
Omer makes all decisions
Easy to start
Unlimited liability
Limited access to funds
o
o
A. Sole proprietorship
B. Partnership
C. Corporation
D. Business Franchise
Answer:
A. Sole proprietorship
Explanation:
A sole proprietorship is a business owned by one person. The owner is responsible for making all business decisions like the products or services to sell, its location, the hours, and mode of operations. The owners enjoy all the profit by themselves. A sole proprietorship is the easiest form of business structure to start. The owner only needs to register it and obtain a license from the local authorities.
Some of the drawbacks of a sole proprietorship or sole trader are a limited source of capital and unlimited liabilities to the debts of the company. Since the business is owned by a single individual, capital is contributed by that one person only. The law treats a sole proprietorship business and the owner as one entity. Business profits are the owner's profits, and so are the debts.
Which of the following would be considered a
job in Law Enforcement?
A. a detective
B. a corporate lawyer
C. a pathologist
a store owner sells an item at a 20% discount but still makes a gross profit of 20% of the cost. what percent of the cost would the gross profit on the item have been if the item had been sold without the discount?
That will be 16.67% as 20/120×100
If the profit is 20% on sale then it will be 25% on cost
Cost + profit = sales
Eg. Cost=80 ,profit=20, then selling price is 100.
20/80, or 1/4, is the profit to cost ratio.
Ratio of profit to sales is 20/100 i.e.. 1/5
What Is Gross Profit?Gross profit is the money a company makes after deducting its expenses for manufacturing, distributing, and offering its products or services to customers. A company's income statement will show gross profit, which is derived by deducting the cost of goods sold (COGS) from revenue (sales). The income statement of a business will contain these numbers. Sales profit or gross income are other names for gross profit.
For instance, under absorption costing, each widget would have a cost of $3 if a factory produced 10,000 widgets in a particular period and the business paid $30,000 in rent for the facility.
Operating profit and gross profit are two different concepts. By deducting operating expenses from gross profit, operating profit is calculated.
To learn more about the, Gross Profit visit:
https://brainly.com/question/10397030
#SPJ4
Complete the following sentence.
The acronym ADA stand for
(tourism)
Answer:
Americans with Disabilities Act
Explanation:
:)
Which type of insurance covers individuals by giving them a
portion of their wages in the event that they are unable to work for
a long period of time due to illness or injury?
O Collateral
O Disability
O Liability
O Property
Answer:
Disability
Explanation:
Disability insurance offers protection against the loss of income due to disability or sickness. This insurance policy provides income to the insured if they are unable to work as a result of a disability or serious illness. Disability insurance coverage is available from private insurance companies and government-backed programs.
Answer:
Disability
Explanation:
checking the purchase order upon delivery of products to a warehouse ensures that
a. the order was actually made in the quality is correct
b. The items were purchased at the lowest possible price
c. The items work as advertised
d. there will be enough storage space to house the items
Answer:
i believe it is a.
Explanation:
im not sure but this sounds the most reasonable
fostering a leadership environment involves all of the following except: a. coaching b. building a shared vision c. empowering d. domineering
The fostering of a leadership environment involves all the following except domineering. Thus, option (d) is correct.
What is leadership?
The term “leadership” refers to leading the team. The team's leadership is in charge, and they have influenced the team members to complete the task. The leadership qualities are maintained and are built into the behavior.
The organization was the setup of the culture of the leadership environment, such as positive and affected by the actions of the decisions. Domineering means controlling and dominating all the employees in an organization totally except about it.
As a result, the fostering of a leadership environment are the expect is domineering. Therefore, option (d) is correct.
Learn more about on leadership, here:
https://brainly.com/question/14402704
#SPJ4
Which occurrence is an emerging trend in International agricultural marketing? A the percentage of agricultural trade is decreasing В. the percentage of agricultural trade is increasing C.agricultural markets around the world are shrinking D. developing nations have moved from net importers to net exporters E. developed nations have stopped trading in agriculture
Answer:
answer is b
Explanation:
Answer:
the answer is b
Explanation:
i got it right on edmentum
Which describes a component of a business plan that describes the ways in which a business will make money?
key metrics
unique value proposition
executive summary
revenue streams
The executive summary is the ways in which a business will make money.
An executive summary (or control summary) is a short record or phase of a film produced for commercial enterprise functions. It summarizes a longer document or notion or a collection of associated reports in this type of manner that readers can unexpectedly turn out to be familiar with a massive body of fabric while not having to study all of it. It usually contains a brief statement of the problem or idea covered inside the foremost record(s), background statistics, concise analysis, and principal conclusions. it's far meant as an aid to selection-making through managers and has been defined as the maximum essential part of a marketing strategy.
An executive summary was turned into formerly known as a summary. It differs from an abstract in that a summary will normally be shorter and is normally meant as an outline or orientation as opposed to being a condensed model of the entire record. Abstracts are substantially used in educational studies wherein the idea of the executive summary isn't in commonplace usage.
learn more about the executive summary here; https://brainly.com/question/12495761
#SPJ1
Why would a health insurance company charge a higher premium to a tobacco user?
Tobacco use is a voluntary behavior.
Without higher premium prices for tobacco users, nonusers end up paying for users' claims.
Tobacco use causes significant health issues.
Using tobacco products is very expensive.
Tobacco users are at a higher risk of failing to pay their premiums on time.
Answer:
Tobacco use causes significant health issues.
Explanation:
When insurance coverage commences, the insurance company assumes all the risks associated with the insurance policy issued. For medical insurance, the insurance company will cater to the insured medical bills should the need arise. For this reason, insurance firms evaluate different risk parameters when deciding on the premiums to charge for insurance coverage.
Tobacco is known to cause health issues in smokers. Tobacco smokers are more likely to develop health complications at some point in their life. They present a higher risk for insurance companies. Insurance companies will charge them higher premiums to cover the increased risk caused by smoking tobacco.
Answer:
a, b, c
Explanation:
jose owns a dog whose barking annoys jose's neighbor jane. suppose that the benefit of owning the dog is worth $100 to jose and that jane bears a cost of $200 from the barking. assuming jane has the legal right to prevent jose from having a dog, a possible private solution to this problem is:
A possible private solution to this problem is Jane can pay Jose $150 to give the dog to his parents who live on an isolated farm.
What are Animal rights?
Whether non-human animals have rights and what is meant by animal rights are hotly debated topics.The implications of recognizing that animals have rights are significantly less contentious.
Animal rights educate us about what is morally wrong to do to animals and what is wrong to do to them as a matter of principle.No matter how much it would cost humanity to refrain from committing those acts, humans must not do them. Even when done in a humanitarian manner, those tasks must not be done by humans.
To learn more about Animal rights click the given link
https://brainly.com/question/10602979
#SPJ4
john is thinking of opening a florist shop. he forecasts revenues of $200,000 per year and explicit financial costs of $140,000 per year. he can pursue this opportunity only if he quits his current job as a driver, where he earns $45,000 per year. he would also need to invest $110,000 of his savings to set up the shop—funds on which he would otherwise be earning a 6% return. based on this information, how much economic profit or loss would john earn in his first year in business?
John is considering opening a flower shop. He projects $200,000 in annual revenues and $140,000 in stated financial expenses. He earns $45,000 a year as a driver, and in order to explore this opportunity, he must resign from that position. In order to open the store, he would also need to invest $110,000 of his savings, money on which he would otherwise be earning a 6% return. What kind of financial gain or loss would John experience in his first year of operation based on the information provided? a $8,400 profit
The term "profit" refers to the financial gain realized when the income from a commercial activity exceeds the expenses, charges, and taxes incurred to maintain the activity in question. Any profits are returned to the business's owners, who have the option of keeping them for their personal use, paying dividends to shareholders, or investing them back into the business. Profit is the money that remains after all expenses have been paid. A lemonade stand or a publicly traded global organization, making money is the main goal of any business. As a result, a company's success is determined by its profitability in all forms. Businesses reveal their gross profit, operating profit, and net income for accounting purposes.
Learn more about profit here
https://brainly.com/question/15036999
#SPJ4
A company introduces a new product at low pricing to help capture a large market share early this is called
A company introduces a new product at low pricing to help capture a large market share early this is called price skimming.
When a new type of product enters the market, price skimming is often used then. The goal here is to gather as much revenue as possible while the consumer demand is high and competition has not entered the market.
So once these goals are met, the original product creator will mostly lower prices in order to attract more cost-conscious buyers while remaining competitive toward any lower-cost similar items entering the market.
Hence, firms often use price skimming in order to recover the cost of development.
To learn more about price skimming here:
https://brainly.com/question/27625994
#SPJ1
two years ago, you purchased 220 shares of ibm stock for $124 a share. today, you sold your ibm stock for $142 a share. for this problem, ignore commissions that would be charged to buy and sell your ibm shares and dividends you might have received as a shareholder. quizlet
Thanks For Sharing.
two years ago, you purchased 220 shares of ibm stock for $124 a share. today, you sold your ibm stock for $142 a share. for this problem, ignore commissions that would be charged to buy and sell your ibm shares and dividends you might have received as a shareholder.
property was listed at $155,000. an offer was made for $140,000 which the seller rejected, but countered for $147,500, which the seller accepted. the commission rate is 5% and the salesperson is to receive 60% of the commission on the sale. what is the commission due the salesperson? select one: a. $4,650. b. $4,425. c. $4,200. d. $2,950.
The property was listed at $155,000. an offer was made for $140,000 which the seller rejected, but countered for $147,500, which the seller accepted. the commission rate is 5% and the salesperson is to receive 60% of the commission on the sale. the commission of the salesperson is $4,425.
Income fee rates range from five percent to as a good deal as 50%, but most corporations pay among 20-30%. To locate the proper suit that aligns together with your sales goals, start by means of estimating how awful a lot it would price to rent humans under specific sales fee systems each for a complete-time team of workers and independent contractors. it could be calculated with the following equation fee = total sales fee rate. So if a sales clerk sells a total of $2,000 of product and gets 5% in commission, they make a hundred dollars.
One of the simplest and maximum normally used sales fee systems is variable pay as a percent of a single sale's revenue. underneath this incentive shape, reps earn a flat percent for every sale. for instance, consider your agency selling a product for one lakh dollars with a fee charge of five percent. In an instant fee plan, the simplest earnings income representatives earn comes directly from their sales.
Learn more about Commission here;-https://brainly.ph/question/8117354
#SPJ4
which type of financing product provides you an unlimited credit line as long as the balance is paid within 30 days?
Credit cards provide you with an unlimited credit line as long as the balance is paid within 30 days.
No single credit card is the best for everybody. all of it depends on how you use your credit score and how strong your credit score is.
A rewards credit card offers you a touch something back with every purchase you're making — usually cash back or journey factors or airline miles. these cards are quality for people who can pay their credit score card bills complete every month. If you bring stability from one month to the following, the hobby you pay will eat up the fee of your rewards.
A 0 percentage credit score card is good if you're seeking to finance a big buy or pay down high-interest debt by way of manner of a stability transfer. In case you have a tendency to carry a stability month to month, look for a card with a low ongoing interest fee.
Learn more about credit cards here https://brainly.com/question/26867415
#SPJ4
Your friend is hoping to buy a home in the next few years. What should your friend know about the process of finding and paying for a new home? Then consider what you learned in the Wk 3 Learning Path video, "Demonstration Problem Video 6.5: Calculating an Affordable Home Price" in WileyPLUS. How would your friend determine what is affordable?
Answer:
Following are the solution to the given question:
Explanation:
To purchase a new home, they should first be able to afford a way which will have houses itself on budget and should be able to check all similar houses in the area but in others. To pay for the new house, he may pay directly if he does have the amount of money, or if he's had a home mortgage that is also recognized as a car loan, meaning according to his credit history, he receives a loan against the price of a property he plans for purchase, and therefore, that interest rate is decided.
To order to calculate what is reasonable, they need to find out just how much cash he has as well as how many loans he would pay to be compensated for by the EMI on schedule.He should be good at all the financial products he allows usage of it for a better credit record. For a successful FICO score to also be kept, the individual needs to pay the credit card debts and other expenses, like utilities or electricity. He must not make many banks' loan applications since the more requests he creates, and the affected is his FICO score, spoiling the credit record.Given below are lease terms at the local dealership. What is the total cash
due at signing?
Terms:
• Length of lease = 24 months
• MSRP of the car = $17,500
• Purchase value of the car after lease = $9900
• Down payment = $2400
• Monthly payment = $425
• Security deposit = $375
• Acquisition fee = $500
Answer:
$3700
Explanation:
The items that have to be paid for at the signing include
1. The deposit: $,2,400.00
2. Monthly payments : $425.00
3. Security deposit: $375.00
4. Acquisition fee: $ 500.00
Total due $3,700.00
Answer:
$3700
Explanation:
Took the test, this is the correct answer.
based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was .
based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.
What is multinational enterprises?
A corporate entity that owns and manages the production of goods or services in at least one nation other than its own is referred to as a multinational firm. Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, etc. are a few instances of international corporations.
Therefore,
based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.
To learn more about multinational enterprise from the given link:
https://brainly.com/question/494475
#SPJ4
if a single taxpayer had self-employment income (from all sources) of $243,638, then $ would be subject to an additional medicare tax of percent
Because of the single taxpayer had self-employment income (from all sources) of $243,638, then $243,638 would be subject to an additional medicare tax of 0.9 percent.
What is a Medicare tax?It is also known as the hospital insurance tax. It refers to the federal employment tax that funds a portion of the Medicare insurance program. These taxes are used to fund the Medicare health system such as the Medicare Part A which covers hospital insurance for senior citizens and those living with disabilities.
Just like the Social Security tax, the Medicare tax are withheld from an employee's paycheck or paid as a self-employment tax.
Read more about Medicare tax
brainly.com/question/1899088
#SPJ1
Answer: $25,000 and 0.9%
Explanation: Self-employment income $243,638
Taxable self-employment income $243,638 x 92.35% =$225,000
Threshold amount $200,000
Amount over the threshold $225,000 - $200,000 = $25,000
Additional Medicare tax $25,000 x 0.9% = $225
when did nations start to leave the eu?
Answer:
1979
Explanation:
rundle corporation incurs the following annual fixed costs: item cost depreciation $68,000 officers’ salaries 180,000 long-term lease 60,000 property taxes 8,000
Rundle Corporation makes the following annual fixed costs:
Item Cost in
Depreciation = $68,000
Officers’ salaries =180,000
Long-term lease = 60,000
Property taxes = 8,000
Determining the total fixed cost per unit of production, assuming that Rundle produces 4,000, 4,500, or 5,000 units.
Units Produced
$316,000 / 4,000 = $79
$316,000 / 4,500 = $70
$316,000 / 5,000 = $63
The phrase "fixed cost" describes a cost that stays the same regardless of how many products or services are produced or sold. Fixed costs are outlays that a corporation must cover regardless of any particular business operations.
To learn more about fixed cost click the given link
https://brainly.com/question/25847981
#SPJ4
what's the difference between commingling and conversion? unset starred question commingling involves client funds; conversion involves your own funds. commingling is mixing client funds with your own; conversion is using them. only commingling is illegal. they’re essentially the same thing.
Commingling is mixing client funds with your own; conversion is using them.
What is Commingling ?The legal definition of commingling in real estate refers to the depositing of money by the party receiving it, such as the tenant's landlord or property manager, or the managing partner of the LLC, after it has been received from one party, such as a tenant or limited liability company (LLC) partner.
If a landlord keeps the tenant's security deposit in the same account as their own or their company's money, this is known as "commingling" in a landlord-tenant relationship. Commingling occurs in an LLC when monies from all members are combined in the business operating account before being invested according to the terms outlined in the LLC operating agreement.
To learn more about conversion check the given linkhttps://brainly.in/question/292406
#SPJ4
service jobs such as stock market analyst, product manager, and public accountant are most closely related to which line function in an organization?
Service jobs such as stock market analyst, product manager, and public accountant are most closely related to the line function in an organization called Operations
What is an Organization?This refers to the firm or company that has different workers that achieve a common goal
Hence, we can see that Service jobs such as stock market analyst, product manager, and public accountant are most closely related to the line function in an organization called Operations
Read more about organizations here:
https://brainly.com/question/25922351
#SPJ1
Why is communism disappearing?
Answer:
communism is disappering Because of the overpowering status of Capitalism.
Explanation:
kela corporation reports net income of $540,000 that includes depreciation expense of $73,000. also, cash of $57,000 was borrowed on a 3-year note payable. based on this data, total cash inflows from operating activities are:
According to the information provided, Kela Corporation has a total cash inflow from operating activities of $613,000.
What does operating activity cash flow mean?Cash flow from operating activities refers to the earnings a company makes from ongoing, regular business activities like creating and selling products or providing clients with services (CFO).
Based on the information provided:
You can determine the total cash inflows from operating activities as follows:
= Net income+depreciation
= $540,000+$73,000
= $613,000
Therefore, According to the information provided, Kela Corporation has a total cash inflow from operating activities of $613,000.
Learn more about cash inflow from operating activities:
https://brainly.com/question/25530656
#SPJ4
What do most businesses use to store information for future use?
Answer:
Flash Memory Thumb Drives.
Explanation:
For storing information in the future, most businesses make use of Flash Memory Thumb Drives. With Flash Memory Thumb Drives, you can connect to a PC USB port in an attempt to back up your files on the go.
if you earn 8% per year on your bank account, how long will it take for an account with $115 to double to $230?
Answer:
3
Explanation:
Step 1: 115×0.8=92
Step 2: 230÷92=2.5
Step 3: If the number after the decimal point is 5 or more you round the decimal to the nearest whole number.
Step 4: Answer = 3