The problem Audit needs to be conducted with everycne in the company in order to make sure that we have all the necessary information we need to identify the problem. a. TRUE b. FALSE
Answers
The correct answer is option (b)False. It is not necessary to conduct an audit with everyone in the company to identify a problem.
While conducting an audit can be a valuable tool for gathering information and assessing the overall health of a company's processes and systems, it is not always required or feasible to involve every individual in the organization.
The scope and focus of an audit can vary depending on the specific problem or area of concern. In many cases, targeted audits or assessments involving relevant departments, teams, or specific individuals with knowledge or involvement in the problem at hand can provide sufficient information to identify the root cause or issues.
Conducting a company-wide audit can be time-consuming, resource-intensive, and may not be necessary if the problem is isolated to a specific area or department. Therefore, it is not universally true that an audit needs to involve everyone in the company to identify a problem.
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Related Questions
HELP ASAP
A company had sales revenue of $1,000,000 last year. Its operating expenses were $100,000 and its income tax expense was
$10,000. Additionally, the company had $20,000 in sales returns and cost of goods sold of $500,000. What was its gross profit?
Answers
Answer: 480,000
This should be the gross profit, but if I'm wrong please let me know and ill try to fix it. :)
Business-to-business marketing involves the marketing of goods and services to organizations for use in the creation of goods and services that ______.
Answers
The marketing of goods and services to organizations so that they could create more goods and services that add value is known as business-to-business (B2B) marketing.
What is Business-to-Business?Business-to-business means the business relationship between an entity and another. The organizations that buy B2B goods and services use them for either:
ResaleProduction Support of their works.Thus, business-to-business marketing involves the marketing of goods and services by one organization to other organizations for use in the creation of goods and services that add value.
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which of the international operations strategies uses import/export or licensing of existing products? part 2 a. transnational strategy b. global strategy c. multidomestic strategy d. international strategy e. worldwide strategy
Answers
International strategy is the international operations strategies that uses import/export or licensing of existing products.
What is meant by international strategy?The term international sttaretgy has to do with all of the strategies that are used for the creation of values through the transferring of core competencies in such a way that they would be transferred to the international market scene where there are no competencies from the existing competitors.
Hence we can say that International strategy is the international operations strategies that uses import/export or licensing of existing products.
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Suppose the variable has been omitted from the following regression equation, is the estimator obtained when is omitted from the equation. If is said to _____. a. have an upward bias b. be biased toward zero c. have a downward bias d. be unbiased
Answers
d. be biased.
The bias can occur if the omitted variable is correlated with both the included independent variables and the dependent variable. Omitting a relevant variable can lead to misspecification of the model and biased estimates of the coefficients of the included variables. Therefore, the estimates obtained from the regression equation without the omitted variable will be biased and may not accurately represent the true relationship between the variables.
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Select all that apply Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply. Multiple select question. It is established to pay for small payments like postage, shipping fees, etc. It is used to avoid the time and cost of writing checks for small amounts. It is an account used to record small sales amounts. It is an expense reported on the income statement. It is an asset reported on the balance sheet.
Answers
Answer:
It is established to pay for small payments like postage, shipping fees, etc.
It is an asset reported on the balance sheet.
It is used to avoid the time and cost of writing checks for small amounts
Explanation:
A Petty Cash is simply any amount of cash kept on hand and used for making small payments. It is usually placed on the asset account and it account also increases on the debit side and decreases on the credit side.
The Petty Cash fund is set up with the use of the following:
1. Date
2. Debit
3. Credit
4. Source Document
Businesses promote use of Petty Cash funds due to it having some small payments for which writing a check is not time or cost effective. It is increase by replacimg or putting more money back in the petty cash box. Before putting money, an evidence of the fund being put in to the box must be complete.
Answer:
It is established to pay for small payments like low-cost supplies and shipping fees, etc.
It is an asset reported on the balance sheet.
Explanation:
first answer is incorrect
During the selling process you assess the needs of the customer by asking questions that get the customer to provide details about what they want or need these questions are typically not answered with a yes or no
Answers
During the selling process, it is important to ask questions to assess the needs of the customer in order to provide the best possible service.
Asking questions that get the customer to provide details about what they want or need is a crucial step in this process. These questions should be designed to elicit specific information and should not be answered with a simple yes or no response.
By asking open-ended questions that require the customer to provide detailed answers, you can gain a better understanding of their needs and preferences. This information can then be used to tailor your sales pitch and provide personalized recommendations that meet their specific needs.
Therefore, taking the time to assess the needs of your customers is essential for building strong relationships and driving sales success.
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The needs and comforts necessary for daily life, as well as those you wish to have in the future, are purchases that affect:
a) Income
b) Standard of living
c) Savings
d) Health
Answers
The corrrect option is B, the needs and comforts necessary for daily life, as well as those you wish to have in the future, are purchases that affect: Standard of living.
Standard of living refers to the level of material comfort and wealth that an individual or society is able to attain. It is an overall measure of well-being and quality of life, taking into account various factors such as income, health, education, and access to goods and services. A high standard of living is typically associated with a strong economy, good health and educational systems, and a high level of technological development. On the other hand, a low standard of living is associated with poverty, poor health, low levels of education, and limited access to goods and services.
The standard of living can vary greatly between countries, and even within regions within the same country. It can also change over time as economic conditions, political stability, and technological advances affect the availability and cost of goods and services. Ultimately, the standard of living is a measure of how well people are able to meet their basic needs and achieve their goals and aspirations.
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charlotte can produce pork and beans and can switch between producing them at a constant rate. if it takes charlotte 10 hours to produce a pound of pork and 5 hours to produce a pound of beans, what is charlotte's opportunity cost of pork and what is opportunity cost of beans?
Answers
Pork and beans can be produced in Charlotte. Pork has an opportunity cost of 10 pounds of beans divided by 5 equals 2 pounds of beans. 5 pounds of pork, 10 pounds of pork, or 1/2 pound of pork, is the opportunity cost of beans.
The demand for pork drives the demand for market hogs. Retailers create a wholesale demand plan for pork by subtracting an amount from the anticipated pork demand schedule that will cover their expenditures and generate a profit.
2020 saw the COVID-19 have an impact on the pork market. Neither state farms nor small-scale farmers can increase their output. Pork production did not increase and but decreased for the year by 1.42 million tonnes when compared to 2019. The demand for meat eventually exceeds the supply of pork.
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all of the following are safeguards for inventory except: multiple choice question. taking two inventory counts by different counters. using counters that are responsible for inventory. having counters confirm the existence, amount, and condition of inventory. having a manager confirm inventory counts.
Answers
All of the following are safeguards for inventory Having counters confirm the existence, amount, and condition of inventory. Having a manager confirm inventory counts. Taking two inventory counts by different counters
A guard, in international law, is a restraint on global alternate or economic development to protect communities from development aggression or home industries from overseas competition. In the global trade corporation (WTO), a member may additionally take a protective movement, such as proscribing imports of a product temporarily to guard a home enterprise against growth in imports inflicting or threatening to purpose damage to home production. Within the United Nations Framework conference on climate trade, safeguards are meant to guard indigenous peoples and other local communities with traditional know-how of natural aid control inside efforts closer to reducing emissions from deforestation and wooded area degradation. The WTO and UNFCCC concepts are related to international regulation.
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Answer: using counters that are responsible for inventory
Explanation:
What does it mean when your order is on its way?.
Answers
The package has been being transported through the UPS network and will be delivered on the stated delivery date. A package could remain in such status until it is delivered.
Submit the USPS tracking information (found at the bottom of such a shipping label) inside the search bar, without any dashes as well as spaces. Select "Check Status." View each package's scan history as well as status information.
The shipping cycle would be an economic cycle which aids in determining the impacts of variations in supply as well as demand on transport costs as well as shipping assets, i.e. ships. The four stages are as follows: rock bottom (also referred as trough), recovery, peak, as well as, finally, collapse.
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3rd question is: what is marilyns net annual salary
Answers
Answer:
1. Net monthly pay = $ 3274. 27
2. Net Annual Salary = $ 39291.4
Explanation:
The total deductions from the salary
$ 79.20 + $ 343.21 + $ 528.01 + $ 290.41 + $ 245 + $ 520 = 2005.83
Monthly Net Pay = Gross pay – Deductions = 5280.10 – 2005.83 = $ 3274. 27
Net Annual Salary = Net Monthly Pay * 12 = $ 39291.4
1. Net monthly pay = $ 3274. 27
2. Net Annual Salary = $ 39291.4
The manager of the local starbucks has decreased the price of coffee from $2.00 to $1.85 calculate the price decrease in percentage terms. be careful about the sign.
Answers
The price of coffee at the local Starbucks has been reduced by approximately 7.5% from its original price of $2.00 to $1.85.
To calculate the price decrease in percentage terms, we can use the following formula:
Price Decrease Percentage = ((Initial Price - New Price) / Initial Price) * 100
Using the given information:
Initial Price = $2.00
New Price = $1.85
Price Decrease Percentage = (($2.00 - $1.85) / $2.00) * 100
Price Decrease Percentage = ($0.15 / $2.00) * 100
Price Decrease Percentage = 7.5%
Therefore, the price decrease in percentage terms is 7.5%.
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3. The following figures for a business are available:
$
June 1, 2019
Stock
Creditors
Debtors
Stock
Creditors
Debtors
May 31, 2020
11,590
3,410
5,670
13,425
4,126
6,108
Year to May 31, 2020
Received from debtors
Paid to creditors
45,112
29,375
All goods were bought or sold on credit.
Required:
Draw up the trading account for the year May 31, 2020, deducting any figures that may
be needed.
Answers
Answer:
what's the question....
Explanation:
How to calculate Net Working Capital (NWC)?
Answers
To calculate Net Working Capital, start by taking the current assets of a company and subtracting the current liabilities. Current assets include items such as cash, accounts receivable, inventory and other liquid assets that can be quickly turned into cash.
Current liabilities include things such as accounts payable, short-term debt and other debts due within one year. The resulting number is the company's Net Working Capital.
Net Working Capital (NWC) is an important concept to understand for any business finance class. It is a measure of a company's liquidity, and it tells you how much of their resources a company is holding in cash or are readily available to pay off their short-term liabilities. Calculating Net Working Capital is an important task for any financial analyst.
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Photo Industries has owned 80 percent of Shutter Corporation for many years. On January 1,20×6, Photo paid Shutter $261,000 to acquire equipment that Shutter had purchased on January 1,20×3, for $282,000. The equipment is expected to have no scrap value and is depreciated over a 15-year useful life. Photo reported operating earnings of $100,000 for 20×8 and paid dividends of $40,000. Shutter reported net income of $41,000 and paid dividends of $23,000 in 20×8. (Leave no cell blank, enter "0" wherever required.) Required: a. Compute the amount reported as consolidated net income for 20×8. b. By what amount would consolidated net income change if the equipment sale had been a downstream sale rather than an upstream sale?
Answers
a)The amount reported as consolidated net income for 20X8 is $132,800.
b)If the equipment sale had been a downstream sale rather than an upstream sale, then there would have been no impact on the consolidated net income for 20X8.
a) Consolidated net income for 20X8 calculation:Calculation of Photo's share of Shutter's net income:Shutter's net income (reported) $41,000 Multiply by non-controlling interest ($41,000 x 20%) $8,200 Shutter's net income attributable to Photo $32,800 Photo's operating earnings $100,000 Photo's share of Shutter's net income $32,800 Total consolidated net income for 20X8 $132,800.
b) This is because both downstream and upstream transactions involve the transfer of goods between a parent and its subsidiary, but downstream transactions involve the sale of goods or services by a parent to its subsidiary, whereas upstream transactions involve the sale of goods or services by a subsidiary to its parent.In this case, since Photo owns 80% of Shutter, the transfer of equipment from Shutter to Photo is an upstream transaction, regardless of whether Photo paid Shutter for the equipment or not. Therefore, whether the equipment sale is classified as upstream or downstream, it does not affect the calculation of consolidated net income for 20X8.
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What your body language can tell someone is an example of
implied communication
implicit communication
explicit communication
Answers
Answer:
implicit communication
Explanation:
Body language is the use of physical behaviors to communicate, as opposed to the use of words. Implicit communication uses gestures, facial expressions, body language, and postures to get messages across. Therefore, implicit communication uses body language to communicate.
While implicit communication uses body language and gestures, explicit communication uses words to communicate. Messages from implicit communication may be unclear and subject to interpretation.
The McFadden Act of 1927 Select one: a. required that banks maintain bank capital equal to at least 6 percent of their assets. b. effectively prohibited banks from branching across state lines. c. separated the commercial banks and investment banks. d. effectively required that banks maintain a correspondent relationship with large money center banks.
Answers
Answer:
B) effectively prohibited banks from branching across state lines.
Explanation:
The McFadden Act of 1927 can be regarded as a piece of federal legislation which grant authority to
individual states to govern bank branches that is been located within the state. This also encompass branches of national banks that is been located within state lines.This acts gives room for national bank to operate branches as it is been permitted by state governments.
It should be noted The McFadden Act of 1927 effectively prohibited banks from branching across state lines.
Rabeya's organization allows managers to use their discretion and have flexibility when making decisions in order to adapt to their environment. They hine relatively few standard operating procedures. What type of environment are they operating in? a. one in a hamogereous envionment b. one with litrie direct influence c. one whiere they maintain the status quo 4. himbly uncertain elowlevels of ancertanty
Answers
Rabeya's organization operates in an environment with relatively few standard operating procedures, which allows managers to use their discretion and have flexibility when making decisions to adapt to their environment. Based on this information, the type of environment they are operating in can be described as "humbly uncertain below levels of uncertainty."
A standard operating procedure (SOP) is a set of detailed instructions created by a company to aid employees in doing common tasks. SOPs seek to minimise misunderstandings and failure to adhere to industry laws while increasing effectiveness, high-quality output, and consistency of performance. An SOP is a procedure that is particular to your operation and outlines the steps required to execute tasks in compliance with industry standards, provincial laws, or even just your own business operating standards.
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What is an assessment of what you own and what you owe?
A.
Personal balance statement
B.
Cash flow statement
C.
Budget statement
D.
Liability statement
Answers
Answer:
The A. Personal balance statement is an assessment of what you own and what you owe
Explanation:
The reason behind this is that first, the cash flow statement pictures the flux of cash from arrival to departure. The budget statement lets us know the income and the payments pre-planned for a certain project. But they don't reveal the reality, it is just an estimate. Now, the liability statement only provides us information about our expenses. While the personal balance statement lets us know our cash, our accounts receivable, our debt, and our accounts payable. So, it provides us a whole picture of our financial status.
Answer:
A. Personal Balance statement
Explanation:
A personal balance statement outlines all of your assets and liabilities.
The document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents is called the Multiple Choice memorandum of understanding bill of exchange contract agreement lease agreement letter of credit.
Answers
The document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents is called "letter of credit."
A letter of credit is a document issued by a bank on behalf of a buyer (importer) to guarantee payment to a seller (exporter) upon the presentation of specified documents that comply with the terms and conditions outlined in the letter of credit. It serves as a financial instrument that provides security and assurance to both parties in an international trade transaction.
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can anyone please help me please
Answers
Answer:
1. extracurricular
2. cocurricular
3. curricular
4. curricular
5. cocurricular
Explanation:
1. Daniel doing community service by cleaning up outdoor trails is an extracurricular activity because it doesn’t have nothing to do with his academics/school.
2. Debra participating in a hospital program for nursing students is cocurricular because she is practicing techniques she learned in her nursing class.
3. Rhett taking a foreign language class at his middle school is curricular because this is a class Rhett takes at school.
4. You are correct. Ernestina taking a photography class in school is curricular because this class takes place at her high school.
5. Brant joining a student organization for future teachers is cocurricular because he is studying to be a teacher.
A student of mass of 65kg takes 10s to run up a flight of stairs of 40steps. lf each step is 12cm high,calculate the potential energy of the student at a maximum height. take gravity =10m/s2
Answers
Answer:
Eg=mgh
Eg=gravitational potential energy
m=mass (kg)
g=acceleration of gravity
h=height (m)
m=65kg
g=10m/s²
h=40·12=4.8m
Eg=65(10)(4.8)
Eg=3120J
People with a strong global mindset Question 18 options: can judge the competence of others by their national or ethnic origins. have a more parochial frame of reference about their business and its environment. are able to process and analyze large volumes of information in new and diverse situations. tend to rely on stereotypes to gain better knowledge about individuals.
Answers
Answer: are able to process and analyze large volumes of information in new and diverse situations
Explanation:
Global mindset includes refers to the openness, and the respect for the opinions and the practices of other people in other parts of the world.
It is the ability to be able to act across different cultures effectively. People that has a strong global mindset can process and analyze large volumes of information in new and diverse situations.
Ask a full-time employee within your organization about their perceptions of electronic reverse auctioning!
Answers
As an AI language model, I do not have access to specific organizations or their employees to conduct interviews. However, I can provide some information about electronic reverse auctioning and how it is generally perceived by employees in organizations.
Electronic reverse auctioning is a method used in procurement where buyers post their requirements online and invite multiple suppliers to bid against each other to win the contract. This approach is said to drive down prices and increase competition among suppliers, leading to cost savings for the buyer. The auction typically takes place over a set period of time, and the supplier with the lowest bid at the end wins the contract.However, the use of electronic reverse auctioning has been a topic of debate among procurement professionals and suppliers.
While some perceive it as a transparent and efficient way to conduct business, others view it as a race to the bottom in terms of pricing, where suppliers are forced to cut corners and sacrifice quality to win the contract. Moreover, suppliers who are not able to compete on price may be left out of the process, leading to a loss of business for them.In conclusion, the perceptions of electronic reverse auctioning among employees in organizations may vary depending on their role, industry, and experience with the procurement process.
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Buster has had a serious medical condition for many months. He has used up all of his sick leave and vacation days, as well as 10 weeks of intermittent Family Medical Leave Act leave. He asks for an additional two weeks off. Which of the following is true? A. Buster's employer can fire him because he wants to take more leave B. Buster cannot be fired for reasons aside from his need to take leave. C. Buster cannot take any more leave if he has also used up his sick leave and vacation days. D. Buster is entitled to the leave he is asking for.
Answers
Answer:
C. Buster cannot take any more leave if he has also used up his sick leave and vacation days.
Explanation:
Buster has used up all the sick leaves and the vacation leaves and is asking for additional two more weeks off even after taking the ten-week of intermediate family leave he should be not allowed to take more leaves. Through he cannot be fired due to his serious condition but if he has finished all the sick leaves he should not be given.Answer:
b
Explanation:
the types of milatary are safe
Answers
Answer: US Air Force and Navy
Explanation:
Quintin's supervisor asks him to use predictive modeling in his decision-making process. What would Quintin's task MOST likely include based on this
directive?
O A. the creation of a decision tree
O B.
O C.
O D.
a conversation with his colleagues
an analysis of data charts
a written list of pros and cons
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Answers
If Quintin's supervisor asks him to use predictive modeling in his decision-making process, Quintin's task would most likely include: A. the creation of a decision tree.
What is predictive modeling?Predictive modelling frequently uses decision trees to assist see and analyse the potential effects of a decision.
They offer a methodical technique to weigh the advantages and disadvantages of many options and can aid in determining the best course of action.
Therefore choosing option A is the most likely response. Option B, a discussion with his coworkers, Option C, a review of data charts, and Option D, a written list of advantages and disadvantages, are all potential tasks that may be engaged in decision-making, albeit they may not be explicitly related to predictive modelling.
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Suppose that Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek, while Germany can produce 90,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek. From these numbers, we can conclude:
A. Canada has a comparative advantage in the production of hockey sticks.
B. Germany has a comparative advantage in the production of hockey sticks.
C. Canada has an absolute advantage in the production of maple syrup.
D. Germany has an absolute advantage in the production of maple syrup.
Answers
Answer:
A. Canada has a comparative advantage in the production of hockey sticks.
Explanation:
The computation is shown below:
For Canada
The Opportunity cost of Hockey is
= 10000 ÷ 100000
= 0.1 gallons of maple syrup
For Germany
The Opportunity cost of Hockey is
= 10000 ÷ 90000
= 0.11 gallons of maple syrup
So based on this, the option A is correct
And, the same is to be considered
Therefore all the other options would be wrong
The qualitative characteristics outlined in the fasb's conceptual framework include:______.
Answers
Fundamental and enhancing are two of the qualitative traits listed in the conceptual framework of the fasb.
Providing a foundation for existence or identifying a structure or function that is essential: basic Democracy is predicated on responsibility. Our fundamental rights are protected by the Constitution. B: acting as a source of innovative or creative ideas; a key discovery in the development of contemporary computers.
A fundamental thing is one that is fundamental or necessary. A prime example of a fundamental truth is the core tenet of a particular religion. becoming or acting as the primary element of a system or organization.
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Adalyn wants to find a job in Education and Training. She has excellent analytical thinking and leadership skills, but she does not want to work directly with students. Which career would be the best option for her? A. curriculum developer B. high school teacher C. school counselor D. speech-language pathologist
Answers
Answer:
A. curriculum developer
Explanation:
A curriculum developer refers to an individual who is typically an educational professional who is saddled with the responsibility of creating or developing topics, instructional materials and teaching techniques (methods) that are to be used by classroom teachers to instruct, lecture and teach students. Thus, curriculum developers do not work directly with students but are part of the chain responsible for ensuring that students get the best form of knowledge and learning experience in schools.
Additionally, curriculum developers are to ensure that the curriculum used for teaching students are totally or completely in compliance with sets of standards established by the school and regulatory agencies in the state.
In this scenario, Adalyn wants to find a job in Education and Training. She has excellent analytical thinking and leadership skills, but she does not want to work directly with students.
Hence, the career which would be the best option for her is to be a curriculum developer.
Answer:
A. curriculum developer
Explanation: