Answer:
An attestation engagement.
Explanation:
An attestation engagement involves hiring a third party called a CPA to give attestation on subject matters or services like examinations, reviews, reports that are created by a client. The attestation engagement is a form of audit. The CPA is responsible for the client. It is of 3 types
1. The examination engagement
2. Review engagement
3. Agreed upon procedures engagement
Sarah's a digital marketing consultant. With 90% of sales still taking place in a physical location, she knows her clients need to reach customers throughout their journey to ensure the best chance at a sale. Those customers need to find her client's products across multiple channels. Which type of marketing strategy can Sarah use to drive sales to her client's physical locations?
Options :
A) A search engine optimization strategy to rank for keywords.
B) Third-party lead generation to qualify inbound leads prior to contact.
C) A strategy designed to mimic all ads directly from similar local businesses.
D) An online-to-offline strategy to drive offline sales with online ads.
Answer: D) An online-to-offline strategy to drive offline sales with online ads
Explanation: Given that 90% of the sales made by Sarah's client takes place in physical stores, and as such it is important that a large number of potential customers are reached in other to get a shot at making a sale. The online strategy becomes paramount as it provides a viral or rapid approach to getting potential buyers informed about a certain product within a short period of time, one of such way is the use of online advertisement and digital or social media marketing. Leveraging this online marketing capability could be used make consumers aware and increasing the Chances of making better sales offline since consumers are already aware of the product.
A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
The clerical and editorial employees in a publishing house need to be at their desks by 8:00 AM and follow a set of precise procedures dictated by management. The jobs of these clerical and editorial employees ________.
Answer: Formalization
Explanation:
Formalization could be defined as the length of an organization's policies, description and rules all spelt out for everyone to see. What makes up formalized structures or what we can know them for are their rules and regulations.
The jobs of these clerical and editorial employees are related to Formalization, they either form this rules out with the management or play the role of spelling it out(written) for all to see.
If the expected return generated by a financial asset is greater than what is required for compensating the asset's risk, the demand for the financial asset will start rising exponentially such that the initial cost incurred to take a position in the financial asset (the price of the financial asset) will increase. This in turn will depress the expected returns generated by the financial asset. This process will continue till the excess return being generated by the asset ceases to exist and the asset's price becomes commensurate with the asset's risk-return profile. This entire process is known as arbitrage.
Answer:
False
Explanation:
Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.
As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement
Answer:
$1,500 loss
Explanation:
Calculation for the gain or loss on this retirement
First step is to find the 97% of the bond outstanding $100,000
Par value of bond=97%*$100,000
Par value of bond=$3,000
Second step is to calculate for the gain or loss on the retirement using this formula
Carrying value of bond=Par value of bond-Unamortized discount on bond
Let plug in the formula
Carrying value of bond=$3,000-$4,500
Carrying value of bond= -$1,500
Therefore the loss on this retirement will be $1,500
Define Networking
Explain types of Network
Explain topologies
Answer: Network topology is the way a network is arranged , including the physical or logical description of how links and nodes are set up to relate to each other. There are numerous ways a networks can be arranged , all with different pros and cons and some are more useful in certain circumstances than others. hope you understand
Explanation:
Byron Company records several adjusting entries for accrued expenses at the end of each month. The adjusting entry for each of Byron's accrued expenses is a(n): Multiple Choice Increase an expense; decrease a liability. Increase an expense; decrease an asset.
Answer: Increase an expense
Explanation:
Accrued expenses are those expenses that the company has already incurred but have not yet paid for. Even though they have not paid for this, they will still have to account for it due to the Accrual basis in Accounting that requires that expenses are recognised when incurred not when paid.
The adjusting entry for an accrued expense is therefore to increase (by debiting) the relevant expense account and then increase (by crediting) the relevant liability account.
Deep Space Aeronautics is developing a profit-sharing plan. Randy, the human resource manager, assumes the employees are excited to participate in this start-up company's success. However, a supervisor tells Randy about anxiety surrounding a rumor that employees will lose money if the company has a bad year. How should Randy address this problem with employee morale
The statement " Meeting should be conducted in order to teach about the profit-sharing & how it should be a benefit to the employees" is considered.
The information related to the profit-sharing plan is as follows:
It is a retirement plan that provides the share to the employee from the company profits. Here the employee should receive the percentage of the company profits that depend upon the quarterly or annual earnings.Ben was required to conduct the meeting in order to conduct the knowledge related to the norms and the profit-sharing details.
Therefore all other statements need not be considered.
So we can conclude that The statement " Meeting should be conducted in order to teach about the profit-sharing & how it should be a benefit to the employees" is considered.
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You work for a Defense contracting company. The company develops software applications which perform intensive calculations in the area of Mechanical Engineering related to metals for ship building. You have a 3-year contract and decide to purchase reserved EC2 instances for a 3-year duration. You are informed that the particular program has been cancelled abruptly and negotiations have brought the contract to an amicable conclusion one year early. What can you do to stop incurring charges and save money on the EC2 instances
The defense contracting company is spending its money by purchase of EC2 instances. This reserved instance can be used for one to three years.
If the program is cancelled due to some reasons the company can let out the purchase instance to some other company on lease and earn annual rentals on it.
This will save its sunk cost and earn some money with spare reserved EC2 instance.
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The term "debenture" is used to describe: Group of answer choices bonds that are below investment grade. bonds that are secured by a lien on real property. bonds that do not make coupon interest payments. an unsecured long-term debt. a complete set of removable, artificial teeth. Next
Answer:
The answer is D. an unsecured long-term debt
Explanation:
Debenture is a bond because it is a long-term loan and debenture is not secured (unsecured). It is unsecured in the sense that there is no collaterals but relies on the creditworthiness of the issuers.
Option A is incorrect becausebond is usually not bonds below Investment grade.
Option B is incorrect because debenture are nor secured by any properties.
Option C is incorrect because debenture makes coupon interest payment.
Alaska king crab fishing in the 1960s and 70s was a dangerous but rich fishery. Boats from as far away as California and Japan braved treacherous waters to reach the abundant king crab beds in Cook Inlet and Bristol Bay, major waters along the southern Alaska coast. In the early 1980s, the fishery crashed due to overfishing. All crabbing in those areas ended. To this day, there is no crabbing in Bristol Bay or Cook Inlet. a. How would an economist explain the decline of the Alaska king crab fishery
Answer:
Common good
Explanation:
The decline of the Alaska king crab fishery would be explained using the concept of common good.
Now to provide further explanation on what a common good is:
A common good is a good that is beneficial to all persons. Such a good serves everybody as there is no exclusion or rivalry. One major problem with common goods are a depletion of resources. This is what happened when the fishery crashed due to fishery because everyone is entitled to it and uses it, the problem of overfishing was bound to happen.
why does human want change over a period of time ?
write 3 importance/ benefits of life insurance.
Answer:
A life insurance policy can pay off any debts that you leave behind that would be a burden to your family. Debts such as a mortgage, credit cards, car loans and even your funeral expenses can have a dramatic impact on your family and their lifestyle.
Explanation:
Any debts that you leave behind and that would be a burden on your family can be paid off by a life insurance policy. Debts like a mortgage, credit card debt, auto loans, and even funeral costs may significantly affect your family's livelihood.
By purchasing life insurance, you may shield your spouse and kids from the potentially catastrophic financial losses that could arise in the event of your passing. It offers financial stability, aids in debt repayment, assists in covering living expenditures, and aids in covering any last or medical costs.
The vast majority of experts concur that you absolutely must obtain life, health, long-term disability, and car insurance. Small company owners, working parents, stay-at-home parents, retirees, childless singles, and empty nesters all stand to gain from life insurance, in general.
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: Stock in Daenerys Industries has a beta of .95. The market risk premium is 7 percent, and T-bills are currently yielding 3.6 percent. The company’s most recent dividend was $2.05 per share, and dividends are expected to grow at an annual rate of 4.1 percent indefinitely. If the stock sells for $39 per share, what is your best estimate of the company’s cost of equity?
Answer:
The best estimate of the company’s cost of equity is 9.81 %.
Explanation:
Use both the Growth Model and the Capital Asset Pricing Model (CAPM) to estimate the cost of equity and find the average.
Cost of Equity (Growth Model) = Recent Dividend Payout Ratio/ Market Price of Stock + Expected Growth
= $2.05 / $39.00 + 0.041
= 9.36 %
Cost of Equity (CAPM) = Return on Risk Free Security + Beta × Risk Premium
= 3.60 % + 0.95 × 7.00 %
= 10.25 %
Average = (9.36 % + 10.25 %) ÷ 2
= 9.81 %
The cost of equity of a company is 9.875% after taking the average of the cost of equity by the CAPM approach and the cost of equity by the Dividend growth model.
What is meant by the cost of equity?The cost of equity is the percentage of return earned by a stock investor by making an investment.
Given values for CAPM Approach:
A beta factor of stock: 0.95
Market risk premium: 7%
Return on T-bills: 3.6%
Step-1 Computation of cost of equity by using the CAPM approach:
[tex]\rm\ Cost \rm\ of \rm\ Equity=\rm\ Return \rm\ on \rm\ T-Bills + (\rm\ Market \rm\ Risk \rm\ Premium \times\ \rm\ Beta \rm\ Factor) \\\rm\ Cost \rm\ of \rm\ Equity= 3.6\% + (7\% \times 0.95)\\\rm\ Cost \rm\ of \rm\ Equity=10.25\%[/tex]
Given values for dividend growth approach:
Dividend rate: $2.05
Expected growth in dividend: 4.1 %
Stock price: $39
Step-2 Computation of cost of equity by using the dividend growth approach:
[tex]\rm\ Cost \rm\ of \rm\ Equity=\frac{\rm\ Dividend \rm\ Rate \times\ (1+ \rm\ Growth\rm\ Rate)}{\rm\ Stock \rm\ price} + \rm\ Growth \rm\ rate\\\rm\ Cost \rm\ of \rm\ Equity=\frac{\$2.05 \times\ (1+ 0.041)}{ \$39} + 0.041\\\rm\ Cost \rm\ of \rm\ Equity=\frac{\$2.13 }{\$39} + 0.041\\\rm\ Cost \rm\ of \rm\ Equity=9.50\%[/tex]
Step-3 Computation of average of both methods:
[tex]\rm\ Average \rm\ Cost \rm\ of \rm\ Equity= \frac{\rm\ Cost \rm\ of \rm\ Equity \rm\ in \rm\ CAPM \rm\ Method + \rm\ Cost \rm\ of \rm\ Equity \rm\ in \rm\ Dividend \rm\ growth}{2}\\\rm\ Average \rm\ Cost \rm\ of \rm\ Equity=\frac{10.25\% + 9.50\%}{2} \\\rm\ Average \rm\ Cost \rm\ of \rm\ Equity=9.875\%[/tex]
Therefore, the cost of equity comes out to be 9.875% by using the average of the two methods.
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A real estate office handles a 80-unit apartment complex. When the rent is $550 per month, all units are occupied. For each $25 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $50 per month for service and repairs. What rent should be charged to obtain a maximum profit
Answer:
The real estate should charge $1,300 to obtain maximum profit.
Explanation:
We can make K to represent the number of unit apartment occupied.
This means that the total rent the real estate office is getting can be denoted by;
{(550 + 25(80 - K)} K - 50K
Maximizing the above equation, we have;
y = 550K + 2,000K - 25K^2 - 50K
Collect like terms
= 2,500K - 25K^2
y' = (2,500K - 25K^2)' = 2,500 - 50K
y = 0
2,500 - 50K = 0
2,500 = 50K
K= 50
Rent is therefore;
Rent = 550 + (80 - K)25, where K is 50
= 550 + (80 - 50)25
= 550 + (30)25
= 550 + 750
= $1,300
Midpoint City operates its own municipal public drinking water system for which the Environmental Protection Agency has set maximum levels of pollutants. The city does not use any equipment to meet these standards. With regard to any contamination of the water, under the Safe Drinking Water Act, this is most likely
Question options:
a. a violation. b. not a violation because the city does not set the standards. c. not a violation because water is not a stationary source. d. not a violation because the city does not use any equipment.
Answer:
A. A violation
Explanation:
The safe drinking water act(SDWA)is a federal law that protects and guards the public against unsafe drinking water. It enforces this through the Environmental Protection Agency(EPA) who are responsible for setting standards on quality of water and monitoring states and water suppliers in meeting these standards set. The state by not making use of any machine in trying to keep to these standards are clearly in violation of EPA standards and consequently SDWA
An agent of a broker-dealer "A" has been terminated and is associating with broker-dealer "B." The terminated agent agrees to turn over his clients to another agent at broker-dealer "A" in return for half of the commissions generated by those clients over the following year. This arrangement is:
Answer: Prohibited
Explanation:
This agreement is prohibited because agents working in different firms are not allowed to split commissions. The agent who has been terminated from broker-dealer A is associating with broker-dealer B and seeing as the arrangement is for a year, it will last the entirety of the time that both agents will be in different firms.
The optimal capital structure: A) will vary over time as taxes and market conditions change. B) will remain constant over time unless the company changes its primary operations. C) will be the same for all companies within the same industry. D) places more emphasis on operations than on financing. E) is unaffected by changes in the financial markets.
Answer:
A) will vary over time as taxes and market conditions change.
Explanation:
The capital structure is a combination of the debt and equity and if this is the optimum capital structure so it would be the best combination. Also, the equity financing maximize the market value of the company while at the same time it reduced the cost of capital
Therefore it will vary with respect to the taxes and the change in the market conditions
The owner of a property creates a deed, leaving the name of the grantee blank, and puts it in a drawer, where it is forgotten for several years. One day, a visitor finds the deed, fills in his name as grantee, and attempts to record it. However, the owner will probably have no trouble disputing the validity of the deed because
Answer is given below
Explanation:
The owner will probably have no trouble disputing the validity of the deed because the person listed as Granny allows the deed to be kept legally when it is filed, as well as the physical deed is clearly greedy, there is no way to dispute it unless the property owner has provided proof that the visitor has given his or her grading permission.Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 7.3 percent paid annually.If the yield to maturity is 8.6 percent, what is the current price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Current price �
Answer:
892.69
Explanation:
Given the following :
Par value of bond (FV) = 1000
Period (n) = 15 years
Coupon rate (r) = 7.3% annually
Yield to maturity (r) = 8.6% = 0.086
The coupon price = 7.3% of par value
Coupon price (C) = 0.073 * 1000 = 73
Current price of bond can be computed using the relation:
= C * [1 - 1 / (1 + r)^n] / r + (FV / (1 + r)^n)
73 * [1 - 1/(1+0.086)^15]/0.086 + 1000/(1 + 0.086)^15
73*(1 - 1/3.44704)/0.086 + (1000/(1.086)^15)
= 73*8.2546131 + 290.10326
= 602.5867563 + 290.10326
= 892.69
Ollie wants to sign up with an online social network called TeensMeet, which other kids at school have joined. The TeensMeet site asked Ollie for the following personal information: his full name, the name of his school, the city where he lives, his age, and his favorite music.
"According to new growth theory, ______. A. prosperity will last but growth will not last because eventually the real interest rate falls, which slows the capital accumulation needed for growth B. growth can persist indefinitely C. growth rates and income levels per person around the globe will converge D. labor productivity grows most quickly in countries with the largest populations"
Answer:
argues
Explanation:
According to new growth theory option B. growth can persist indefinitely.
What is growth theory?Growth theory is an economic framework that aims to explain the factors and mechanisms driving economic growth and development over time.
It seeks to understand why some economies experience sustained increases in their output (GDP), while others do not. Growth theory examines the role of various factors such as technological progress, human capital accumulation, capital investment, innovation, and institutions in driving long-term economic growth.
It provides insights into how economies can achieve higher standards of living and improve the well-being of their populations.
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On May 10, 2017, Vaughn Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2017. Greig agrees to pay the full contract price of $1,990 on July 15, 2017. The cost of the goods is $1,310. Vaughn delivers the product to Greig on June 15, 2017, and receives payment on July 15, 2017. Prepare the journal entries for Vaughn related to this contract. Either party may terminate the contract without compensation until one of the parties performs.
Answer:
June 15, 2017, goods sold on account to Greig
Dr Accounts receivable 1,990
Cr Sales revenue 1,990
Dr Cost of goods sold 1,310
Cr Merchandise inventory 1,310
July 15, 2017, payment collected from Greig
Dr Cash 1,990
Cr Accounts receivable 1,990
The transaction must be recorded only after some type of consideration is exchanged between the parties.
The CPI was 172 in 2007, and the CPI was 46.5 in 1982. If your parents put aside $1,000 for you in 1982, then how much would you have needed in 2007 in order to buy what you could have bought with the $1,000 in 1982
Answer:
The amount needed in the year 2007=$3,698.92
Explanation:
This price index is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.
A rise in the price index implies inflation
Inflation is the increase in the general price level. Inflation erodes the value of money.
So we can determine the amount required today to buy goods worth $1000 in 1982 as follows:
CPI in the current year /CPI base year× Cost in base years
(CPI in 2007/CPI in 1982) × Cost in 1982
172/46.5× 1000 =$3,698.92
The amount needed in the year 2007=$3,698.92
11.Which of the following is not one of the problems and risks ofstrategic alliances between domestic and foreign firms? A. Overcoming language and cultural barriers B. The amount of time required to build trust, effective communication, and coordination between allies C. Developing mutually agreeable ways of dealing with key issues or differences D. Making it harder to pursue a multidomestic strategy as compared to a global strategy E. Suspicions about whether allies are being forthright in exchanging information and expertise.
Answer:
A. Overcoming language and cultural barriers.
Explanation:
When a company operates in markets of two or more countries strategic issues can arise and which leads to weaker management, fear of market insulation, and less efficient communication and poor allocation of resources. The overcoming of time language and cultural barrier is not an issue or risk of strategic alliances.Simon is the manager of the editorial department in a publishing company. Every time an editor in his team fails to fix the errors in the article he or she is working on, Simon assigns him or her extra work. In this case, Simon is using .
Answer:
Feedback control
Explanation:
Feedback control system is used by managers to guage how effectively their employees meet up with target output at the end of the production process.
It compares the output produced to the target output that was set for the employee. There is little consideration for how much the workload is.
In this scenario the manager assigns extra work every time an editor fails to fix errors in the article they are working on.
His main concern is the output of the editors. So when they fail to complete a task he gives them more in order to gain the target output from them
You were recently given an old notebook computer that is missing most of its peripherals and accessories. You need to obtain the components necessary to allow you to efficiently perform your job both at the office and while traveling. You would like to purchase as many of the necessary accessories and peripherals as possible from a local computer store, where your company has an account. Which accessory or peripheral will you most likely have to obtain directly from the notebook manufacturer because of its highly proprietary nature?
Answer:
docking station
Explanation:
The docking station refers to a device in which the laptop, computer system, mobile device or other peripheral devices are used for charging in order to give access to a power supply
The accessory or peripheral that you should receive from the manufacturing of the notebook contains highly proprietory nature is a docking station and this is also a drawback of it
Hence, the fourth option is correct
Daniel wants to buy a laptop computer, and he has $300 in savings. He can purchase a new computer for $279 or a refurbished [repaired or renovated] computer for $100. What should Daniel do next?
Answer:
He should buy a refurbished computer
Explanation:
This saves him 179 dollars
Sue, a secretary goes to the storeroom to get a box of paper for her department. This is a task she's performed without problem hundreds of times. This time however, she slips and hurts her back lifting the box of paper. She requires treatment and cannot sit for long periods of time so she cannot do her job. A. Sue can sue her employer in court for her injuries.B. Sue is entitled to Workers' Compensation even though her employer was not negligent.C. Sue is entitled to Workers' Compensation only if she can show that her employer was negligent.D. Sue is not entitled to anything because she assumed the risk.
Answer:
B. Sue is entitled to Workers' Compensation even though her employer was not negligent.
Explanation:
Sue is performing her normal duties that is required by her being a secretary when she was injured. So the employer cannot be said to be negligent in allowing her carry paper for her unit.
She will not be able to sue for employer for her injuries.
However when an employee is injured they are entitled to Worker's compensation and paid time off work.
This is given to employees even when the employer is not negligent.
Sue can get the Worker's compensation for her back treatment.
How do I do this? I think I know how But I am not 100% sure! Thanks in advance! I will mark answer the Branliest! Calculate the break-even level of customers needed.
Answer:
Break-even point in unit = 250 units
Explanation:
Given:
Fixed cost = $500
Variable cost = $2
Number of customer = 325
Sales amount = $4
Find:
Break-even point
Computation:
Break-even point in unit = Fixed cost / (SP - VC)
Break-even point in unit = 500 / ($4 - $2)
Break-even point in unit = 250 units