A performance materiality is a qualitative materiality is an amount set by the auditor that is less than planning the materiality and is used to make decisions about the extent of audit procedures for a particular class of transaction.
What is Performance materiality?Performance materiality can be described as the amount that is been set set to reduce to an appropriately low.
It should be noted that the performance materiality can be gotten by applying a percentage usually the 50% and 75% with regards to the overall materiality amount.
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auditors can use social media to hear what customers are saying about a company and compare this to inventory obsolescence and other estimates.
True, auditors can use social media to hear what customers are saying about a company and compare this to inventory obsolescence and other estimates.
What is social media?Websites and programs that emphasize communication, community-based input, engagement, content-sharing, and collaboration are collectively referred to as social media.
Social media is used by individuals to connect & engage with friends, family, and different communities. Businesses utilize social media to track consumer issues, market their products, and promote them.
Business-to-consumer websites often have social features like comment sections for users. Businesses can track, evaluate, and analyze social media attention received by their firm using a variety of techniques, including brand perception and consumer intelligence.
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The amount of net income for the year can be directly traced to the ______.
The statement of changes in stockholders' equity provides a clear link to the amount of net income for the year.
All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labor, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.
When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous charges are included in these fees. The labor required to implement the service and any material costs related to providing the service are considered production expenses in the service industry.
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the benefits and costs of jtpa title ii-a programs: key findings from the national job training partnership act study
According to the study, JTPA had a statistically significant, favorable effect on achieving a general education development (GED) or high school diploma after 30 months for female children.
What were the key findings from the national job training partnership act study?The goal of the study was to compare the effects of the offer to enroll in Job Training Partnership Act (JTPA) Title II-A programs on welfare receipt, participation in and attainment in education and training, and labor market earnings to a control group who were not permitted to enroll in JTPA services.In the United States, around 6,000 out-of-school kids were randomly allocated to one of two groups: the treatment group (which received JTPA Title II-A services), or the control group.In contrast to male youth, the study found that JTPA had no statistically significant effect on male youth's attainment of a general educational development (GED) or high school diploma after 30 months.The quality of the causal evidence for the employment outcomes for male and female youth who had not been arrested is high in this study.To know more about JTPA, visit:
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When compared to a departmental approach, using activity-based costing results in ______ overhead rates.
When compared to a departmental approach, using activity-based costing results in more overhead rates.
What is overhead rates?Overhead rate can be described as the cost allocated to the production of a product or service.
It should be noted that Overhead costs are expenses which can not directly attributed to the to production for instance , cost of the corporate office.
Hence, When compared to a departmental approach, using activity-based costing results in more overhead rates.
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Suppose an investment company's assets have a market value of $500 million but hold liabilities of $50 million. if there are 2.5 million shares outstanding, then the nav equals?
The investment company's assets have a market value of $500, liabilities of $50 million. if there are 2.5 million shares outstanding, the NAV is $180.
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
An investment of the assets.
a market value of $500
liabilities of $50 million
2.5 million shares
NAV = ?
NAV = 500 – 50
NAV = 450 ÷ 2.5
NAV = $180
As a result, the NAV equals $180 is correct answer.
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effectively managing diversity means . multiple choice question. setting standards for how many people of each ethnicity you will hire scheduling days off for the holidays of each ethnic group grouping ethnic employees in the workplace into the same department ensuring that diverse employees have equal opportunities
Effectively managing diversity means ensuring that diverse employees have equal opportunities.
What is meant by diversity?This is the term that is used to refer to the fact that the people that work in a given environment are from the different cultures of the world and they are able to come together in the same job environment.
Effectively managing this people would mean that the environment has to be in such a way that all the persons there have equal opportunities and there is no partiality.
Hence we can say that effectively managing diversity means ensuring that diverse employees have equal opportunities.
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"paid family leave won’t only make life easier for moms and dads – it will also keep skilled, talented americans in the workforce and grow our economy. that’s why every other advanced country already has it."
The values of other countries have influenced political attitudes in the United States.
Note: the question is incomplete, here is the full question:-
Hillary Clinton in a speech in Warren, Michigan, source: Newsweek
This quote is an example of which of the following?
What is a political attitude?Political attitudes are people's perceptions of the facets of political psychology, such as their opinions on nationalism, political conservatism, political liberalism, political radicalism, etc.
Many political parties rely on an ideology to guide their policies and actions. A political ideology is a set of ethical ideas, doctrines, principles, myths, or symbols of a social movement, institution, class, or big group that describes how society should function & provides some sort of political & cultural blueprint for a particular social order.
The distribution of power and the purposes for which it should be applied are central considerations of political ideologies.
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the story concerning the discovery of starbucks’ frappuccino is an example of a(n) strategy, or an unplanned strategic initiative that originated at the bottom and moved to the top.
The story concerning the discovery of Starbucks’ Frappuccino is an example of an emergent strategy that originated at the bottom and moved to the top.
What is emergent strategy?
Emergent strategy can help in strategic planning for businesses. Learning more about these strategies can to decide if it's the right type of approach for a business or not. In this article, we define emergent strategy, list its elements, and describe the differences between emergent strategy and strategic planning approaches in business, offer reasons to use emergent strategy, describe the benefits to using this model for a business and offer examples of an emergent strategy for a company.To learn more about emergent strategy, refer to:
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The story concerning the discovery of Starbucks’ Frappuccino is an example of an emergent strategy that originated at the bottom and moved to the top.
What is an emergent strategy?A strategy that develops spontaneously within an organization is known as an emergent strategy.
An emergent strategy has the benefit of offering the business more flexibility and the chance to be adaptable.
Emergent strategy is sometimes thought of as a continuous process that enables an organization to learn and change continuously.
Eg: The worker alerts their management and other garment workers to the efficiency, and the production facility uses the newly developed tactic of utilizing less fabric to produce more outfits.
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most states and the district of columbia impose on individuals and corporations who earn income within the state.
The majority of states and the District of Columbia Income taxes on people and businesses who make money there, so the answer option is Income taxes.
What is income tax?
An income tax is a charge assessed against individuals or entities (taxpayers) based on their earnings or profits (commonly called taxable income). Income taxes are normally calculated by multiplying tax rates by taxable income. Depending on the characteristics of the taxpayer and their source of income, tax rates may vary. The tax rate might change as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on firms is known as corporate tax and is frequently calculated at a predetermined rate. Individual income is usually taxed at progressive rates, which means that the tax rate rises with each dollar of income that follows (for instance, the first $10,000 of income is taxed at 0%, the next $10,000 at 1%, etc.).
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you have a loan outstanding. it requires making three annual payments of $7,000 each at the end of the next three years. your bank has offered to allow you to skip making the next two payments in lieu of making one large payment at the end of the loan's term in three years. if the interest rate on the loan is 3%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment? question content area bottom part 1 the final payment the bank will require you to make is $enter your response here. (round to the nearest dollar.)
Normally to calculate the future value, we use basic future value formula. Since in the question it is given that bank is giving us the option of one large repayment of the loan at the end of three years, we are using Annuity formula. Through the calculations given below we get answer as $21,636.3
We can calculate the large payment we would pay at the end of 3rd year using Future Value(FV) Annuity formula.
FV (Annuity) = P / i [(1+i)^n - 1]
P = Payment per period
i = interest rate (i = r/100)
n = number of payments
FV (Annuity) = 7,000 / 0.03 [ [tex](1+0.03)^{3}[/tex] - 1] = 7,000 / 0.03 (0.092727)
= 21,636.3
As per the bank’s offer, we have two choices as to how we can repay the loan. we can pay the bank $7000 per year for the next 3 years as initially promised, or we can skip the three annual payments of $7000 and pay $21,636.3 in 3rd year.
Annuities are terms used to describe regular payments, such as rent on an apartment or interest on a bond.
Payments are made in conventional annuities at the conclusion of each period. But there are annuities that are paid at the beginning of the period when they are due which are known as Annuity due
The sum of all payments made under an annuity at a given time is its future value.
The amount of money needed today to produce such future payments is known as the present value.
Therefore, Final payment bank requires is $21,636.3
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issued by a nonfinancial firm, these financial instruments are guaranteed by a bank. there is less risk involved because of bank backing.
Bankers' acceptances: issued by a nonfinancial firm, these financial instruments are guaranteed by a bank. There is less risk involved because of bank backing.
What is a financial instrument?A financial instrument can be defined as a real or virtual document that is typically used to represent a legal and contractual agreement that exist between two parties, which generally involves holds a monetary value.
In Financial accounting, there are five major categories of financial instrument and these include the following:
Money market instrumentsDebt securitiesEquity securitiesDerivative instrumentsForeign exchange instruments.What is banker's acceptance?A banker's acceptance can be defined as a type of financial instrument that is typically used to represent a promised future payment by a bank, rather than an individual accountholder.
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Complete Question:
Financial instruments are assets that have a monetary value or record a monetary transaction. To coordinate the exchange of capital between borrowers and lenders, financial instruments trade in the financial markets. These financial instruments can be categorized on the basis of their issuers, maturity, risk, and other factors.
Identify the financial instruments based on the following descriptions.
Issued by a nonfinancial firm, these financial instruments are guaranteed by a bank. there is less risk involved because of bank backing.
When preparing the retained earnings statement, ________ is(are) subtracted in order to derive at the ending balance of retained earnings
Preparing the retained earnings statement, Dividends is(are) subtracted in order to derive at the ending balance of retained earnings.
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
The dividend yield, which is the dividend per share, is stated as a percentage of the share price of a corporation, for example, 2.5 percent.
If a common shareholder of a dividend-paying company owns the shares on the ex-dividend date or earlier, they are eligible to receive a payment.
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According to the textbook, managers can best help their company recover from restructuring (i.e., from layoffs) by attending to the needs of __________
According to the textbook, managers can best help their company recover from restructuring (i.e., from layoffs) by attending to the needs of Investors.
What is the function of a investors?
An investor places capital to apply for lengthy-time period benefit, whilst a trader seeks to generate brief-term income by way of shopping for and promoting securities over and over once more. Investors usually generate returns by using deploying capital as either fairness or debt investments.
How do investors receives a commission lower back?
There are a few number one ways you would repay an investor: possession purchase-outs: You buy the stocks lower back from your investor depending on the fairness they personal and the enterprise valuation. A compensation schedule: that is ideally fitted to business loans or a transient funding agreement with an assumption of reimbursement.
What are wealthy investors called?
Angel investors also are called informal investors, angel funders, private buyers, seed investors or commercial enterprise angels. Those are people, generally prosperous, who inject capital for startups in exchange for possession fairness or convertible debt.
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Ethical issues that a business manager is not likely to encounter include? a. compliance with environmental regulations. b. application of safety standards. c. protocols for company meetings.
The ethical issues that the business manager is not likely to encounter would be protocols for company meetings.
What is meant by ethical issues?This is the term that is used to refer to all of the circumstances that has to do with the moral conflict that would arise in a given work environment. This is the issue that has to do with all forms of moral dilemma. The protocols for meeting does not fall under this.
Hence we can say that the ethical issues that the business manager is not likely to encounter would be protocols for company meetings.
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Which primary activity in the value chain is concerned with the design of products and production processes?
Inbound logistics, operation outbound logistics, marketing and sales, and service are the value chain's key activities.
What is marketing ?Marketing is the process of discovering, developing, and delivering value to satisfy the needs of a target market in terms of products and services.
A target audience may need to be selected, specific qualities or themes that should be emphasized in advertising may need to be chosen, advertising campaigns may need to be run, participation in trade shows and public events may need to be taken part in, appealing products and packaging may need to be designed, and the terms of the sale, such as the price, discounts, warranty, and return policy may need to be defined.
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n a matrix organization, for projects can be shared across multiple projects as well as within functional divisions.
n a matrix organization, for projects can be shared across multiple projects as well as within functional divisions. Matrix Management
In a matrix management structure, there are several bosses instead of just one, and employees are subject to their orders. It introduces a structure where employees have many superiors along both function and project lines, replacing the one-boss, vertical approach used by the majority of organisations. Employees from various functional divisions are placed across product/project teams under a matrix management framework, where they can collaborate with coworkers from other functional divisions. For instance, team members from engineering, sales, and customer success may collaborate on a particular project or product. They may do this in order to deliver the goal. The most compelling argument in favour of matrix management is the fact that it is more effective than the conventional vertical management system.
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If you performed the role of the ________ in a buying center, you would be the person that has the power to prevent sellers or information from reaching other members of the buying center.
If you performed the role of the gatekeeper in a buying center, you would be the person that has the power to prevent sellers or information from reaching other members of the buying center.
Who is a gatekeeper in a buying center?This is the term that is used to refer to the people that are in the buying center that have the ability of starting conversations. They are the ones that have certain job description ion the work place environment. They are the receptionists and the sales people.
Hence we can say that If you performed the role of the gatekeeper in a buying center, you would be the person that has the power to prevent sellers or information from reaching other members of the buying center.
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the u.s. tax structure influences a firm’s willingness to finance with debt. the tax structure more debt.
The US tax structure influences a firm's willingness to finance with debt. The tax structure encourages more debt.
How does the U.S. tax structure encourage debt?In the United States, interest on debt payments is tax deductible which means that paying interest on debt reduces the tax that a person has to pay.
As a result, companies are more likely to finance operations with debt because it would mean that as they pay it back, the tax structure would lead to them paying less taxes.
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as compared to other types of deeds, a general warranty deed provides the most comprehensive warranties about the quality of the title to the property.
In comparison to different kinds of deeds, a general guarantee deed affords the maximum complete assurance of approximately the fine of the title to the property. real general warranty deeds offer the best stage of buyer protection, whilst quitclaim deeds normally provide the least.
Property is any object that someone or an enterprise has a prison name over. property may be tangible items, including homes, vehicles, or appliances, or it may check with intangible objects that carry the promise of destiny well worth, which includes inventory and bond certificates. property is a system of rights that gives people criminal control of valuable matters, and also refers to the valuable matters themselves.
Property is large of two categories: Corporeal belongings and Incorporeal belongings. Corporeal property is seen and tangible, while the incorporeal property is not. moreover, corporeal belongings are proper possession in cloth matters, while incorporeal assets are an incorporeal right in rem. ownership is the state or reality of felony ownership and management over assets, which may be any asset, tangible or intangible. possession can involve more than one right, together referred to as identity, which can be separated and held by means of extraordinary events.
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The price of a dozen eggs rises from $3 to $4. 70. In response to this price change, quantity supplied increases from 100,000 dozen eggs to 127,000 dozen eggs. What is the approximate price elasticity of supply for eggs?.
The approximate value of price elasticity of the supply of Eggs is 0.48.
Price elasticity of supply may be defined as the measure of the degree of responsiveness of supply to a change in price.
Price Elasticity of a commodity is given by the formula:
(% Change in Supply Quantity)/(% Change in price of the commodity)
According to the values given in the question:
% Change in Supply Quantity= [(127000-100000)/100000]×100
=>0.27×100
=>27 %
Now, % Change in price of commodity= [($4.70-$3)/$3]×100
=>0.56×100
=>56 %
Now, Price elasticity of supply = 27/56 = 0.48
Thus, Price Elasticity of the supply of eggs is 0.48.
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b. the minimum price at which these countries will trade coffee is barrel(s) of rum per ton of coffee and the maximum price is barrel(s) of rum per ton of coffee.
From the information given in the full question:
a If we compare their opportunity costs of producing coffee, we find that Nicaragua has a lower opportunity cost of producing coffee (1/6 of a barrel of rum versus 1/2 of a barrel of rum in the Dominican Republic). That's why Nicaragua should focus on coffee
b. The lowest price for coffee traded in these countries is 1/6 (0.167) of a barrel of rum. a ton of coffee, and the highest price is 1/2 (0.500) barrel of rum per ton of coffee.
What is opportunity cost?In microeconomic theory, the opportunity cost of a particular activity is the value or benefit that results from engaging in an alternative activity.
Simply put, it means that when you choose one action, you miss out on a different choice
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Full Question:
The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 20 thousand tons of coffee per year or 10 thousand barrels of rum. Nicaragua can produce 30 thousand tons of coffee per year or 5 thousand barrels of rum.
a. Suppose the Dominican Republic and Nicaragua sign a trade agreement in which each country would specialize in the production of either coffee or rum. Which country should specialize in producing coffee? Which country should specialize in producing rum?
b. What are the minimum and maximum prices at which these countries will trade coffee?
company co. has 1,000 employees and it decides to grant each of the employees 200 share options as part of its new rewards plan. the options are exercisable over 5 years and subject only to the condition that the company’s stock price must be at least 30% higher than its original issue price. company co.’s share-based payments are subject to:
It should be noted that company co.’s share-based payments are subject to D. Non-vesting condition.
What is Non-vesting condition?Non-vesting conditions are all conditions that, while necessary for the counterparty to receive the share-based payment, do not constitute service or performance conditions.
Here, as part of a new incentive program, employees received shares that can be exercised over a five-year period. These shares are specifically declared to be only subject to market performance, which means that the company's stock price must increase by at least 30% from the original price. This shows that there aren't any service- or vesting-related requirements.
In conclusion, Company co.’s share-based payments are subject to Non-vesting condition.
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Company Co. has 1,000 employees and it decides to grant each of the employees 200 share options as part of its new rewards plan. The options are exercisable over 5 years and subject only to the condition that the company’s stock price must be at least 30% higher than its original issue price. Company Co.’s share-based payments are subject to:
Review Later
Service condition
Non-market performance conditions
Non-vesting condition
Service and market performance conditions
The big toe or hallux (otherwise known as the piggie that went to market) is _______ to the piggie that went wee-wee-wee all the way home (the little toe).
The big toe or hallux (otherwise known as the piggie that went to market) is little to the piggie cried that went wee-wee-wee all the way home (the little toe).
What Is the Story Behind This Little Piggy?The starting of what we know nowadays as This Small Piggy was initially joined in a 1728 tune called “The Nurse’s Song.” Be that as it may, it was not until 1760 that the complete form of This Small Piggy was distributed in “The Celebrated Tommy Thumb’s Small Story-Book”. In spite of the fact that the initial author of the rhyme is obscure, it is as a rule credited to fictional story-teller Mother Goose. As is the case with any ancient nursery rhyme, there are bound to be changes and different versions as time progresses.
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during the daily scrum, the scrum master's role is to: group of answer choices make sure that all 3 questions have been answered. teach the development team to keep the daily scrum within the 15 minute time-box. all answers apply. manage the meeting in a way that each team member has a chance to speak. lead the discussions of the development team.
The Scrum Master teaches them to keep the Daily Scrum within the 15-minute time-box. The Daily Scrum is an internal meeting for the Scrum Team.
What is Daily Scrum?The Daily Scrum's goal, as stated in the Scrum Guide, is to review the Sprint Goal's progress and, as needed, modify the Sprint Backlog to change the forthcoming planned work.
The Scrum Team's developers meet for 15 minutes every day for the Daily Scrum. It takes place every working day of the Sprint at the same time and location to minimize complication. If the Product Owner or Scrum Master are actively working on items in the Sprint Backlog, they participate as Developers.
As long as each Daily Scrum concentrates on progress toward the Sprint Goal and generates an actionable plan for the following day of work, the Developers are free to choose whichever structure and methodologies they wish. This fosters concentration and enhances self-control.
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When considering swot analysis, what is an example of an organizational weakness?
A swot analysis example of an organizational weakness is inferior marketing strategy.
How is a poor quality product able to compete with higher quality products?
Every good or service has a built-in strategy for appealing to a certain market niche. Each product has unique advantages and disadvantages. Identifying them and marketing to them presents a hurdle.
The answer is straightforward:
lower-quality products can compete by emphasizing their advantages over more expensive ones.Value and price. This will almost always be the primary motivating reason.Benefits. Higher-end versions might not be able to provide some advantages, such as quick turnaround times or large volume deliveries.Positioning. It is possible to portray cheaper products as a stepping stone to more expensive models produced by the same company.
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raw facts that describe the characteristics of an event or object. includes skills, experience, and expertise has been converted into something meaningful with a useful context. is used by computers and machines a data characteristic (or container) that stands for (or holds) a value that changes over time. an asset of this type is also called intellectual capital.
raw facts that describe the characteristics of an event or object are data.
What is intellectual capital?
The result of mental processes, intellectual capital is a collection of intangible assets that can be used in economic activity and generate income for their owner, an organization. It includes the skills of their employees (human capital), the value of their relationships (relational capital), and everything that remains after the employees leave the office (structural capital), of which intellectual property (IP) is only one part. A company's competitive advantage is the result of the collective knowledge held by all employees. The phrase is used in academia to try and account for the value of intangible assets that aren't expressly stated on a company's balance sheets. National intangible capital is what is meant when discussing intellectual capital (NIC).
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If the fed is targeting interest rates and money demand increases, an appropriate policy response would be to?
If the fed is targeting interest rates and the money demand gains, an appropriate policy reaction would be to buy U.S. treasury securities from the government bond traders.
What is the relationship between interest rate and the amount of money demanded?Money demand is inversely correlated to the interest rate. If the money demand is higher than the money supply, the interest rate peaks. If money demand is smaller than the money supply, the interest rate drops.
Monetary policy influences the economic activity by altering the incentives for saving and assets.
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a cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular hand
The indication of the value is positive, as shown by the fact that annual sales have been expanding by an average of 15,000 bottles each year.
This is further explained below.
What is marketing?The act of determining, developing, and providing value to a target market in order to satisfy the requirements of that market in terms of products and services is known as marketing.
Marketing may also include the identification of a target audience.
Generally, The marketing department of a cosmetics firm has devised an equation based on a linear trend that can be used to make predictions about the yearly sales of the company's best-selling hand and foot lotion.
Ft = 80 + 15 t
The slope of the equation is 15, and using this number to determine whether or not yearly sales are increasing or decreasing allows us to interpret the slope.
In conclusion, Because the sign of the value is positive, yearly sales have been growing by 15,000 bottles on average every year.
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complete question
a cosmetic manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular hand and foot cream.
Ft = 80 + 15t
where
???Ft = annual sales (000 bottles)
t = 0 correspondents to 1990
are annual sales increasing or decreasing and by how much? Predict annual sales for the year 2006 using the equation.
The yield curve spread between the 10-year t-bond yield and the federal funds rate is a _______ economic indicator.
The yield curve spread between the 10-year t-bond yield and the federal funds rate is a leading economic indicator.
What is an economic indicator?This is the term that is sued to refer to the macroeconomic indicator that helps the economic analysts to be able to understand and carry out the future economic activities that would be done in the area. It helps to also recognize opportunities.
Hence we can say that the yield curve spread between the 10-year t-bond yield and the federal funds rate is a leading economic indicator.
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in the planning stage of the project, the project team has identified various risks based on lessons learned from previous projects and through the process of defining and discussing risks associated with work to be performed. the risks that have not been identified are those that relate to uncertain economic conditions and from the areas of the project where there is not yet enough information to know what variances may occur. what are these types of risk?
Internal risks identified from previous experiences include cost risk, schedule risk, performance risk, operational risk, and so on.
A company's exposure to business risk can result in lower revenue, profits, and financial losses. Every day, businesses face business risks that are inherent in the segment or industry in which they operate. Although any factor that reduces a company's operational efficiency or ability to meet financial targets is a business risk, categorizing them is useful when developing a risk management strategy.
Internal risks are those that arise within a company's organization during normal business operations. Because these risks can be forecasted with some accuracy, a company has a good chance of reducing internal business risk.
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