A. The Companies Act 2016 requires financial statements to be audited by an approved company auditor. Explain any THREE (3) the Companies Act 2016 requirements on the disqualification of auditor. (6 m

Answer:

It is good to shop at the same shop 2-3 times a week so the business can build a Business 2 Customer relationship, and also to gain points and rewards when you go and come back to the shop to entice you into coming and recommending to a friend.

Explanation:

The reason the government monitors the size of the money supply is so that they can maintain stability and limit inflation.

Money supply impacts the level of inflation in a country and therefore the stability of the nation as inflation is tied to economic stability.

The government would therefore try to maintain a level of money supply that leads to an inflation rate that is not too high or low, but will contribute to economic growth.

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The conversion rate for search ads with display ads on the Display Ad Network is 2%. The unadjusted Search Ad CPA is $200. "The adjusted CPA for the Search Ad Network is approximately $1.49."

To calculate the adjusted CPA for the Search Ad Network, follow these steps:
1. Determine the incremental conversion rate: Subtract the conversion rate for search ads without display ads from the conversion rate for search ads with display ads. In this case, 2% - 1% = 1%.
2. Calculate the incremental conversions: Multiply the unadjusted Search Ad CPA by the incremental conversion rate. In this case, $200 * 1% = $2.
3. Calculate the total cost for Search Ad Network: Add the unadjusted CPA of Display Ad Network 1 to the unadjusted Search Ad CPA. In this case, $100 + $200 = $300.
4. Calculate the adjusted CPA for the Search Ad Network: Divide the total cost by the sum of the unadjusted CPA and the incremental conversions. In this case, $300 / ($200 + $2) = $300 / $202 ≈ $1.485.
The adjusted CPA for the Search Ad Network is approximately $1.49.

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The nominal interest rate is the interest rate that is advertised or stated, without taking into account compounding. In this case, the nominal interest rate is 7.72%.

However, it is important to note that the effective interest rate, or the actual amount of interest you will pay over the course of the loan, will be higher than the nominal rate due to the compounding of interest. The effective interest rate can be calculated using the formula:
Effective interest rate = (1 + nominal interest rate / number of compounding periods) ^ number of compounding periods - 1
In this case, the effective interest rate would be:
Effective interest rate = (1 + 0.0772 / 12) ^ 12 - 1 = 0.0804 or 8.04%
So, while the nominal interest rate is 7.72%, the effective interest rate is 8.04%.
It is important to be aware of both the nominal and effective interest rates when taking out a loan, as they will both impact the amount of interest you will pay over the course of the loan.

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Answer:

45

Explanation:

Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.

The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.

= 30 +45

=45

SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:

Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.

In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.

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The five areas of a school budget include personnel costs, infrastructure and equipment, teaching and learning materials, utilities, and transportation, and auditing plays a crucial role in identifying financial risks, ensuring compliance, detecting fraud, providing independent assessment, promoting transparency, and facilitating financial practice improvements.

a) Five areas that make up a school budget:

Personnel costs: Salaries and wages of the teaching and non-teaching staff, including benefits, allowances, and bonuses, among other employee-related expenses.

Infrastructure and equipment: Costs associated with acquiring and maintaining facilities and equipment like computers, furniture, and fixtures, among other school-related materials.

Teaching and learning materials: This includes textbooks, lesson plans, and other learning aids like charts, maps, and educational videos.

Utilities: Costs related to electricity, water, gas, sewage, garbage disposal, and other utilities required to run the school.

Transportation: Expenses related to transport services used to ferry students to and from school and for other school-related activities.

b) The Importance of auditing in financial management:Auditing is an essential process in financial management as it helps schools to identify and manage financial risks and issues that might arise.

It provides an opportunity for schools to review their financial practices, assess their performance, and develop strategies to improve their financial stability and sustainability.

Auditing helps to ensure that schools comply with the legal and regulatory requirements, accounting standards, and ethical practices in financial management.

It enables schools to detect and prevent fraudulent activities, errors, and irregularities in financial reporting, and to ensure the accuracy, completeness, and reliability of their financial information.

Auditing provides an independent and objective assessment of a school's financial position, performance, and financial reporting practices. It helps to increase transparency and accountability in financial management and builds trust and confidence among stakeholders.

It also provides an opportunity for schools to learn from past experiences and to improve their financial practices by implementing recommendations made by auditors.

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The answer is B revenue is less than expenses

Answer:

Households supply labor to firms and are paid wages in return. Firms use that labor to produce pizzas and sell those pizzas to households. There is a flow of goods (pizzas) from firms to households and a flow of labor services (worker hours) from households to firms.

Explanation:

Answer:

see below

Explanation:

The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.

According to this law,  adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.  

The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.

When buying a car, a C) 20% down payment is recommended.

In general , it is always a good idea to make a down payment of 10 to 20 percent. Because the more you pay as a down payment, the less interest you need to pay  the long run. This depends on the idea of balancing what you would like to pay with what you can reasonably afford.

Down payment is  initial payment of the minimum portion of the total amount applied for the  purchase. Other due amount is taken as loan amount of which the repayment schedule is set up for the details of the loan, that includes amount of payment, interest rate charged, and number of months one need to pay the entire amount .

Hence , C is the correct option

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Answer:

risk free rate= 6.55%

Explanation:

expected return= risk-free rate +Beta*(Market rate- risk-free rate )

Stock Y

16.3=Rf+1.45(Rm-Rf)

16.3=1.45Rm-0.45Rf

Rm=(16.3+0.45Rf)/1.45

Stock Z

12.6=Rf+0.9*(Rm-Rf)

12.6=0.9Rm+0.1Rf

12.6=0.9(16.3+0.45Rf)/1.45+0.1Rf

risk free rate=(12.6-10.11724138)/(0.279310344+0.1)

risk free rate= 6.55%

Answer:

Missing word "and the cost of one point at the time of closing"

Down payment = $260,000*15%

Down payment = $260,000*0.15

Down payment = $39,000

Amount of mortgage = $260,000 - $39,000

Amount of mortgage = $221,000

Cost of 3 point at the time of closing = 3% of amount of mortgage

Cost of 3 point at the time of closing = 3% * $221,000

Cost of 3 point at the time of closing = $6,630

The correct answer is true. All communities should have permanent mitigation committees, so public works professionals should have permanent seats.

For this reason, public works agencies are often the architects of disaster-resilient communities, and identifying mitigation opportunities is an ongoing process for public works professionals. When climate change mitigation funding becomes available, it is often allocated to projects that improve public infrastructure and facilities. These components are essential for protecting the health and safety of local residents.

When mitigation priorities are identified, they are likely to fall broadly under the public works area. There are countless opportunities for mitigation when looking at infrastructure improvements alone.

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Answer:

Wilson Inc. developed a business strategy that uses stock options as a major compensation incentive for its top executives. On January 1, 2021, 20 million options were granted, each giving the executive owning them the right to acquire five $1 par common shares. The exercise price is the market price on the grant date—$10 per share. Options vest on January 1, 2025. They cannot be exercised before that date and will expire on December 31, 2027. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $40 per option. Ignore income tax.

Assume that all compensation expense from the stock options granted by Wilson already has been recorded. Further assume that 200,000 options expire in 2014 without being exercised. The journal entry to record this would include

False.A value hypothesis is a declaration of the anticipated worth that a good or service will bring to its users. It describes the advantages and results that users will experience from utilising the product, as well as why users would want to use it.

A value hypothesis puts forth a presumption regarding the worth of a product to potential customers. But, it's also possible that your "future clients" are assumptions. A value hypothesis focuses more on the current market.

The value hypothesis examines how much value your product or service offers clients and, more crucially, if they are willing to pay for it.

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The the company may pick Project H would be selected over Project T due to its shorter payback period, however, company would not pick both projects as they are mutually exclusive.

Based on the information provided, Project H requires an initial investment of $100,000 and produces annual cash flows of $50,000, $40,000, and $30,000, while Project T requires an initial investment of $100,000 and produces annual cash flows of $30,000, $40,000, and $50,000. The projects are mutually exclusive, and the company accepts projects with payback periods of 3 years or less.

The payback period for Project H is 2 years (50,000 + 40,000 = 90,000)

The payback period for Project T, it is 3 years (30,000 + 40,000 + 50,000 = 120,000).

Since the company accepts projects with payback periods of 3 years or less, Project H would be selected over Project T because it has a shorter payback period of 2 years. However, the company would not pick both projects as they are mutually exclusive.

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If a single firm can produce and supply an entire market at a lower unit cost than many small firms can, the long-run average total cost must be decreasing as the firm's output increases.

A monopoly is a business characterized by a lack of market competition and no availability of substitutes for its products.

Monopolies can determine price changes and create barriers to entry for competitors.

A monopoly limits the available substitutes for that product and creates a barrier for competitors to enter the market which decreases the long-run average total cost and increases the firm’s output.

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The social element is the additional element of the triple bottom line that lavonne should  consider.

Triple bottom line is a general business principle that ensure all companies must commit to focusing social and environmental concerns as they make profits.

Already, the manager has already used with two elements of triple bottom line, that is environmental and financial.

In conclusion, the social element is the additional element of the triple bottom line that lavonne should  consider.

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The three ways which most company uses to create a brand promise are through its:

One well-known company that has a strong brand promise is Apple Inc. Apple's brand promise is centered around delivering innovative, high-quality products and services that offer a seamless, intuitive, and stylish user experience. The company aims to provide its customers with products that simplify their lives and enhance their ability to connect and express themselves in new and exciting ways.

Here are three ways that Apple creates and upholds this brand promise:

By consistently delivering on its brand promise, Apple has built a loyal customer base and a strong reputation as a company that provides innovative and high-quality products and services.

Missing words "You learned about customers, inventory, and safety. Now, you'll apply what youlearned.1. Choose a well-known company, and describe its brand promise. Describe at leastthree ways that the company uses to create that brand promise".

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Answer:

click the top on and the socond option

Explanation:

You have to leave your credit card outside the NMR facilities because NMR machines use strong magnetic fields which can potentially demagnetize your credit card strip or chip.

This could lead to your credit card becoming unusable or damaged. To avoid any such mishaps, it is recommended to leave your credit card outside the NMR facilities and to only carry essential items such as your ID, lab coat, and any required documents. Because the magnetic strip on your credit card can be damaged by the powerful magnetic fields produced by the NMR equipment, potentially resulting in data loss or leaving the card useless, you must leave your credit card outside the NMR (Nuclear Magnetic Resonance) facilities.

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Answer:

A company's net profit tells you how much money the company has left over after subtracting all expenses.

Explanation:

A net profit, is when all of the companies money is spent on the things they need... and then it shows you what is left over. A company's profit is called net income or net profit. Net profit or income, is the total money remaining after accounting all of the cash flows, positive and negative numbers included.

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Under both variable costing and absorption costing, variable and fixed selling and administrative costs are treated as period cost.

What are periods cost?

Costs that cannot be recognised on a company's balance sheet are referred to as period costs. In other words, they are recorded as an expense on the income statement in the period in which they are incurred. Period expenses are another name for period costs.

What is difference between period cost and product cost?

Product costs are only incurred when things are purchased or produced, but period costs are linked to the passage of time. This is the main distinction between product costs and period costs.

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Newspaper readers have typically been more educated, wealthy, and older than non-newspaper audiences.

The people who read your work are referred to as the "audience." A term paper or thesis, for example, may be produced for a professor or committee of professors. More frequently, a paper is produced for peers in your field, for others who pursue similar academic interests.

A group of people who you've identified and wish to appeal to is what we refer to as a social networking target audience. Based on factors like age, occupation, income level, degree of education, geography, or behavior, for example. your target market for social media

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The correct option is C. The purpose of a warranty is to repair or replace a defective purchase or item. A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally guaranteed service replacement or issue a correction for the period of the warranty.

The primary distinction between a guarantee and a warranty is that the former is normally cost-free while the latter typically charges a fee for the coverage. The beautiful thing about a guarantee is that it strengthens your legal rights under consumer law and is legally enforceable.

A warranty is a seller's promise that they will fix or replace defective goods within a set period. A guarantee is a seller's assurance that a product will satisfy particular performance or quality requirements. If not, a repair or replacement will be made.

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The allocated share of depreciation on the factory is a fixed cost that does not change with the decision.

Here are the relevant (R) or not relevant (NR) categorizations for each cost in Scenario 1 and Scenario 2:

Scenario 1:

Direct materials and direct labor: Relevant (R)

Direct materials and direct labor costs are directly attributable to the production of widgets, including the special order of 4,000 widgets. These costs would increase with the additional production.

These costs should be considered when evaluating the profitability of accepting the special order.

Variable manufacturing overhead: Relevant (R)

Variable manufacturing overhead costs are directly related to the level of production. Since the special order would increase the production of widgets, these costs would also increase.

These costs should be considered when evaluating the profitability of accepting the special order.

Rent on equipment only used for the widgets: Not Relevant (NR)

The rent on equipment used exclusively for widgets remains the same regardless of the level of production or the special order. It does not change with the decision to accept the special order.

This cost is not relevant to the decision of accepting the special order.

Allocated share of depreciation on factory: Not Relevant (NR)

The allocated share of depreciation on the factory is a fixed cost that does not change with the level of production or the special order. It remains the same regardless of the decision to accept the special order.

This cost is not relevant to the decision of accepting the special order.

Annual salary of widget production manager: Not Relevant (NR)

The annual salary of the widget production manager is a fixed cost that does not change with the level of production or the special order. It remains the same regardless of the decision to accept the special order. Additionally, the manager's salary is not directly tied to the production of widgets but rather to their management.

This cost is not relevant to the decision of accepting the special order.

Variable selling costs (commissions): Not Relevant (NR)

Variable selling costs, such as commissions, are associated with the sale of widgets, not their production. The special order does not affect the selling costs.

This cost is not relevant to the decision of accepting the special order.

Allocated share of fixed selling costs: Not Relevant (NR)

The allocated share of fixed selling costs is a fixed cost that does not change with the level of production or the special order. It remains the same regardless of the decision to accept the special order.

This cost is not relevant to the decision of accepting the special order.

Scenario 2:

Direct materials and direct labor: Relevant (R)

Direct materials and direct labor costs are directly attributable to the production of widgets. If the decision is made to outsource the widget production, these costs would no longer be incurred by the company.

These costs should be considered when evaluating the cost savings associated with outsourcing the widget production.

Variable manufacturing overhead: Relevant (R)

Variable manufacturing overhead costs are directly related to the level of production. If the decision is made to outsource the widget production, these costs would no longer be incurred by the company.

These costs should be considered when evaluating the cost savings associated with outsourcing the widget production.

Rent on equipment only used for the widgets: Not Relevant (NR)

The rent on equipment used exclusively for widgets remains the same regardless of the decision to outsource the production. It does not change with the decision to outsource the widget production.

This cost is not relevant to the decision of outsourcing the widget production.

Allocated share of depreciation on factory: Not Relevant (NR)

The allocated share of depreciation on the factory is a fixed cost that does not change with the decision

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George is using a $20 US bill as a medium of exchange to purchase his coffee, representing a store of value and simplifying the transaction process.

George is engaging in a financial transaction using currency as a medium of exchange. By using a $20 US bill to pay for his coffee, he is utilizing fiat money, which is a government-issued currency not backed by a physical commodity like gold or silver but relies on the trust and stability of the issuing country's economy.

The bill represents a store of value, meaning it maintains its worth and can be exchanged for goods and services. In this transaction, George and the coffee seller are participating in a basic economic activity that requires a medium of exchange to facilitate trade.

The use of currency simplifies the process, as it eliminates the need for a barter system where goods would have to be exchanged directly for other goods. The $20 bill acts as a standard measure of value, making it easier for both parties to determine the value of the coffee and complete the exchange efficiently.

This currency-based transaction showcases the convenience and efficiency of using fiat money in everyday economic activities.

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