When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should:

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Answer 1

When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.

What is GAAP?

The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.

In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.

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Related Questions

The key to a good assessment of the alternatives: (Choose all that apply.) Multiple select question. ensures buy in at all levels of the organization. makes sure that managerial mind-set is the main consideration. defines the opportunity or threat exactly. specifies the criteria that should influence the selection of appropriate alternatives.

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The key to a good assessment of the alternatives:

C. defines the opportunity or threat exactly.D. specifies the criteria that should influence the selection of appropriate alternatives.

What is an Assessment?

This refers to the analysis that is done to ensure the best possible thing is selected and that threat is identified and eliminated on time.

Hence, we can see that when making good assessments, it is important to define the threat or opportunity and then specify the criteria that should influence the selection of appropriate alternatives.

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At the check-out counter in Market Street Grocery, there are energy bars that are high in protein placed in plain view at eye level on a shelf. When Viviana is at the check-out counter and sees the energy bars, she buys one because she feels that it is a healthy snack. Viviana's behavior is an example of a _______.

Answers

The fact that Viviana bought the energy bar at the check-out counter means that this was a Nudge.

What is a nudge?

This is a strategy employed by stores to sell more goods by placing those goods at the checkout counter.

When a customer like Viviana is paying for the other things they bought, their eyes catch the displayed goods and buy them.

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After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago. In the last three months, this trend has reversed and prices have fallen steadily. How are the past three months of the stock market classified

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Primary bear market is the way the past three months of the stock market classified. As After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago.

What is primary bear market?

Primary bear market refers when the price in market starts decline, and it declines more than 20%, it is accomplished by the negative investors and Bear markets can be either cyclical or long-term in nature. It takes more than 8 months.

This question has options that are given below

a. Primary bear market

b. Secular bull market

c. Primary bull market

d. Secular bear market

Thus, option A is correct.

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INTERVIEW a business owner on the crisis experienced in the workplace attach an interview schedule as part of your oral presentation

Answers

Interview helps to select the best fit for a Job.

What is interview?

Interview is usually an interactive sessions between an intending employee and the human resources personnel.

The sessions is to know if the individual is the best fit for a job.

Therefore, Interview helps to select the best fit for a Job.

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How should a company adopt a data-driven culture that will stick?.

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All data operations should be centralised inside a single, specialised data team. Offload data analytics to a vendor with a lot of experience. To transform the way the organization thinks about data, use change management.

3. A project manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process-related work, and the project manager has little authority to assign resources. What form of organization must the project manager be working in

Answers

The form of organization must the project manager be working in Functional.

What is the meaning of organization?

Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.

In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.

This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.

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Which is a reason why it is important to organize information before preparing a business report?.

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Organizing findings when preparing a business report will help you make faster and more efficient decisions, increasing the quality of organizational processes.

What is a business report?

Corresponds to a document where data and information about an organizational period are provided, which will increase the understanding of the real situation of a company in a period, assisting in decision making in a more visionary and comprehensive way, helping to create strategies in relation to the micro and macro environment.

Therefore, business reporting must be organized and structured to assist in the effective management of an organization.

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An employee is demonstrating behaviors on the job that may endanger other employees. His manager wants to refer him to the company's employee assistance program. Which situation would call for such a referral

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A situation that would cause the manager to refer the employee in that manner is if the manager believes the employee's problems are related to alcohol abuse.

What happens when an employee is under the influence?

These days, company HR departments have subdepartments to help employees through various issues they find themselves in.

For instance, an employee that has abused alcohol and is behaving irrationally can be referred to an employee assistance program to help them.

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If overhead is applied to individual jobs at a rate of 50% of direct labor costs incurred per job, and $50,000 in direct materials were used and $25,000 of direct labor was required, what was the total cost of the job?

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The total cost applied to the job is $87,500 when the direct materials are $50,000, the cost of direct labor is $25,000 and the overhead cost is 50 % of direct labor.

What is meant by total cost?

Total cost means the combined cost of materials, human labor, and the overheads incurred in the process of production.

Given values:

Cost of direct materials: $50,000

Cost of direct labor: $25,000

Cost of overheads: $12,500 ($25,000 X 50%)

Computation of total job cost:

[tex]\rm Total \rm\ Job \rm\ Cost=\rm\ Cost \rm\ of \rm\ Direct \rm\ Materials+\rm\ Cost \rm\ of \rm\ Direct \rm\ Labor+\rm\ Cost \rm\ of \rm\ Overheads\\\rm Total \rm\ Job \rm\ Cost=\$50,000 + \$25,000 + \$12,500\\\rm Total \rm\ Job \rm\ Cost=\$87,500[/tex]

Therefore, when the direct materials are $50,000, the direct labor is $25,000 and the overhead cost is $12,500, then the total cost of the job is $87,500.

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How much will silver be worth if the dollar collapses?.

Answers

Answer:

That is because the U.S. dollar would essentially be worthless if it were to collapse in value. In a sense, the price of silver would be infinite if measured in terms of the U.S. dollar!

Assume Durango Co. had sales of $200,000 for the month of November. Sales are expected to grow 10% each month. The company collects 60% of sales in the month of sale and 40% in the month after sale. Projected cash collections for December total ______.

Answers

The cash collections of Durango Co. for the month of December over such given number of sales will be $212,000.

What is cash collection?

The total amount of receivables actually received by a business during a given financial period is regarded as the cash collection of the firm for such period.

Now, in the above given situation, the 40 percent cash collection amounting to $80000 from the month of November will be collected in the current month. Solving further,

[tex]\rm Cash\ Collection\ = Total\ Sales\ x\ \dfrac{Pecentage}{100}\\\\\rm Cash\ Collection\ = 220,000 x\ \dfrac{60}{100}\\\\\rm Cash\ Collection\ = \$132,000[/tex]

So, in total the cash collection for the month of December will be computed as, 80000+132,000=$212,000.

Hence, the cash collection of Durango Co. is aforementioned.

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A supervisor asks the HR manager for advice on delivering performance feedback. The supervisor finds that the meetings tend to be confrontational and don't lead to performance improvement. She tells the HR manager how she carefully fills out the appraisal form ahead of time and then invites the employee into the conference room to discuss her feedback immediately, before the employee has time to think up excuses for poor performance. What is the best advice the HR manager should give the supervisor for delivering performance feedback

Answers

The best advice that the HR manager should give the supervisor for delivering performance feedback is that he should give employees a chance to complete a self assessment ahead of time.

What is a performance feedback?

It should be noted that performance feedback is simply used in an organization to evaluate the performance of the workers.

In this case, the best advice that the HR manager should give the supervisor for delivering performance feedback is that he should give employees a chance to complete a self assessment ahead of time.

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Define the term teamwork

Answers

Answer:

helping and communicating

Explanation:

word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole

hope it helps

source: merriam webster

Answer:

the combined action of groups ,especially when effective and efficient

Managers use a ______ strategy to distinguish their products from those of their competitors by focusing on characteristics such as design, quality, and after-sale service.

Answers

Answer:

This is product differentiation

Explanation:

I'm just a smart guy

Drag each tile to the correct box
determine the type of risk each investment is likely to incur
business risk
call risk
liquidity risk
taxability risk
lee purchased municipal bonds
issued by a government entity.
valerie bought bonds that include
a feature to pay the bonds back
earlier than the maturity date.
brian used most of his savings to
purchase the stock of a big
company
aj invested all of his savings in
a rental home.

Answers

The kind of risk that the given investments might incur are:

Lee purchased municipal bonds issued by a government entity - Liquidity risk. Valerie bought bonds that include a feature to pay the bonds back earlier than the maturity date - Call risk. Brian used most of his savings to purchase the stock of a big company - Business risk. Aj invested all of his savings in a rental home - Taxability risk.

Which risks do these investments face?

Municipal bonds are usually illiquid which means that buying them comes with liquidity risk. Buying stock comes with business risk because the stock might lose value if the company performs poorly.

Call risk occurs when the issuer of a bond can pay back the bond before it matures.

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Answer:

C. B. A. D.

expiation:

in that order

An employee at a chemical company noticed that several of the security personnel at the company allowed tankers to be filled over the legal limit with highly flammable gases. The employee gathered evidence of such instances and presented it to senior management. A few months later, the company had not acted, and the employee contacted the Occupational Safety and Health Administration. Less than a week later, the company fired him. Assuming that the employee had not had disciplinary issues and wanted to file a claim alleging he was wrongfully discharged, what would be the strongest basis for his claim

Answers

The strongest basis for his claim is that he was disciplined for doing what the law requires.

What is a claim?

It should be noted that a claim simply means the stance of an individual or perspective regarding an issue.

In this case, strongest basis for his claim is that he was disciplined for doing what the law requires. Therefore, he should not be wrongfully discharged.

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Marianne was a computer programmer making almost $170,000 a year at a rate of $80 an hour for Big Tech. Ginger, her boss, demanded that she work 100 hours of overtime over the next month until a large project was complete. Marianne believes she is entitled to 100 hours of overtime pay. Under the Fair Labor Standards Act, how much overtime pay is she entitled to

Answers

Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.

What is the overtime rate under the Fair Labor Standards Act?

Under the Fair Labor Standards Act, the overtime rate is a time and a half.

Data and Calculations:

Annual salary = $170,000

Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)

Overtime hours = 100 hours

Overtime pay = $12,000 (100 x $80 x 1.5)

Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.

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QUESTION 15 One of the benefits of downsizing is: higher customer satisfaction. improved efficiency. a more loyal and productive workforce. that it is a recruiting edge.

Answers

Improved efficiency.

A study shows that downsizing lowered customer satisfaction -
Another study shows that downsizing increased efficiency, but nothing of employee productivity.

The management of a company wants to begin electronically monitoring the computer work of the employees who process claims filed by customers. The company's HR executive expects that employees will resist the monitoring because they will feel robbed of their human dignity. How could the HR department best address this concern

Answers

In this HR department can  best address this concern by application of  data to employee development programs to support the to employees  advance in their careers.

What is employee development program?

An employee development program can be described as kind of a training program that  is been given to employee by their employer to help them to improve their skills and abilities.

Therefore, since management of a company wants to begin electronically monitoring the computer work of the employees . then the program can be applied.

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The control function of management (select all that apply): Multiple select question. gives workers the education and tools they need to make decisions measures performance relative to the planned objectives and standards takes corrective action when necessary rewards people for work well done

Answers

The control function of management are:

Takes corrective action when necessary.Measures performance relative to the planned objectives and standards.Reward people for work well done.

What is control function?

The control function of management helps those in authority check and ensure that any error observed are quickly corrected and also assist to prevent reoccurrence.

Hence, the control function of management are takes corrective action when necessary and measures performance relative to the planned objectives and standards.

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How many days after missing a student loan payment do your loans go into default?.

Answers

Answer:270 day past due

Explanation:

You borrowed $1, 690 for 5.5 years compounded semi annually at an interest rate of 5.7%. What total do you pay back

Answers

Answer:

602.45 is the correct answer

Watch the video "forms of marketing research." company a is thinking about bringing to market a new product in a category where it knows very little about the consumers or their needs and wants. describe which forms of marketing research would be appropriate and explain why. by contrast, company b has an established product and knows a lot about its customers. the company wants to measure customer satisfaction. describe which forms of marketing research would be appropriate and explain why. in replies to peers, provide additional ideas for the types of research that could be used.

Answers

The primary research is the most appropriate marketing research to be used because the firm knows little about the consumers or their needs and wants.

What is a marketing research?

This refers to a process through which a firm gathers information about its customer and larger market.

Form of marketing research that are appropriate?Primary researchSecondary researchQualitative researchQualitative research

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A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.

Answers

The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.

How do you calculate disabilities?

In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.

One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.

Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.

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Question 18 of 20
Increasing her income is one way that Sasha can:
O A. reduce her monthly spending.
O B. lower her monthly expenses.
C. manage additional expenses in her budget.
D. manage additional financial loss.

Answers

Sasha can manage additional expenses in her budget by increasing her income. Hence, Option C is the correct statement.

What do you mean by income?

Income is described in exceptional methods relying on the context for example, for functions of taxation, financial accounting, or monetary analysis. For people and businesses, earnings usually manner the value or quantity that they obtain for their labor and products.

Hence, Sasha can manage additional expenses in her budget by increasing her income. Option C is the correct statement.

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Answer:

manage additional expenses in her budget

Explanation:

just took test

A notary signing agent wants to stand out from other nsas by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. this is:

Answers

A notary signing agent wants to stand out from other NSA's by guaranteeing to borrowers. This is prohibited if it is stated to be a guarantee.

Who is borrower?

A borrower refers to any person or organization taking out loan from a bank under an agreement to pay back it with interest.

As per a notary signing agent wants to stand out from other NSA's by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is prohibited if it is stated to be a guarantee.

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Which situation is an example of a person making use of credit?
a. an architect puts his weekly paychecks into a savings account at
a local bank.
o b. a college student saves up money in order to buy a cheap used
car.
o c. a farmer sells most of her crops to customers who live near her
farm.
o d. a business owner takes out a loan to expand and redecorate her
offices.
submit

Answers

The use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.

What is a credit?

It is a transaction whereby the creditor or lender supplies money in return for a promised future payment by the other party.

Hence, the use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.

Therefore, the Option D is correct.

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Identify whether each of the following costs should be classified as product costs or period costs. (a) select a type of cost Manufacturing overhead. (b) select a type of cost Selling expenses. (c) select a type of cost Administrative expenses. (d) select a type of cost Advertising expenses. (e) select a type of cost Direct labor. (f) select a type of cost Direct materials.

Answers

The following costs are classified as product costs (manufacturing overhead, direct labor, and direct material) and period costs (selling expenses, administrative expenses, and advertising expenses).

What are product costs?

Product costs refer to the costs directly incurred for production.  They include:

Manufacturing overheadDirect laborDirect material

What are period costs?

Period costs are indirect costs that cannot be traced to production. Some of the period costs include:

Selling expensesAdministrative expenseAdvertising expenses

Thus,  product costs include manufacturing overhead, direct labor, and direct material, while period costs include selling expenses, administrative expenses, and advertising expenses.

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The unexpected results in the first set of Hawthorne Experiments that led to the second set of experiments was: Multiple choice question. productivity continued to increase regardless of changing conditions productivity decreased when the lighting was reduced productivity continued to decrease regardless of changing conditions productivity decreased when the temperature was reduced

Answers

The unexpected results in the first set of Hawthorne Experiments that led to the second set of experiments was that productivity continued to increase regardless of changing conditions.

What is  Hawthorne Effect?

The Hawthorne Effect is when that explains that changes were made to   subjects of an experimental , the study can changes because of evaluation or study.

Therefore, Hawthornes, made us to understand through his experiment that  productivity continued to increase regardless of changing conditions.

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Answer:

productivity continued to increase regardless of changing conditions

researchers, realize there had to be another factor affecting productivity

researchers, thought they had failed due to unexpected results

Explanation:

A recently established law school constructed its building in a quiet residential neighborhood. The law school had obtained all of the necessary municipal permits for the construction of the building, which included a large clock tower whose clock chimed every hour. The chimes disturbed only one homeowner in the neighborhood, who had purchased her house prior to the construction of the building. The homeowner was abnormally sensitive to ringing sounds, such as bells and sirens, and found the chimes to be extremely annoying.

Required:
In a nuisance action by the homeowner against the law school, will the homeowner prevail?

Answers

In a nuisance action by the homeowner against the law school, the homeowner will not prevail because the chimes do not disturb the other residents of the neighborhood.

What is a residential area?

A residential area refers to the place where there are residents or citizens living. This area will be utilized for living purposes, not business purposes. In this area there will be no manufacturing units will be established.

In this situation when the construction of the law school has been done, it clearly mentioned that they took all the required permission from the municipal authority. It shows that they have not violated any rules for construction.

The chimes disturbed only one homeowner which means that it was medical conditions due to which he get disturbed as others do not have any problem with the chimes.

In this situation the court will not prevail the case as the law school fulfilled all the requirements of construction, as well as homeowner, was sensitive to sounds so he can take treatment for the same.

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A 84-kg man stands on a bathroom scale inside an elevator. the scale measures in units of newtons. (a) the elevator accelerates upward from rest at a rate of 1.20 m/s2 for 1.50 s. what does the scale read during this 1.50 s interval An important social trend is the continued concern for health and well-being in the united states. This is most likely evidenced by. Find the 24th term of the sequence: 11, 16, 21, . . . Juan te vendi el carro (car)? Si, _____ vendi el carroA.meB.tec.led.nos Which phrase best describes an adaptation?A) a story that uses elements of an older storyB) a story that helps explain the natural worldC) a story that takes place in ancient timesD) a story that describes supernatural events If set A contains four distinct numbers and set B contains seven distinct letters, how many elements are in (A U B)? Any ideas for solving this beast Jenny wants to start an after-school club, so she decides to survey the student body to determine which club would be the most popular: French Club, Architecture Club, or Anime Club. She decides (with Mrs. Howell's permission) to survey the first 25 students who show up to her class one day. Does her survey comprise an accurate representation of the Reach student body? Why or why not? Categorize the words from the list. B Which of the statements is true about the polygons below E D 120 degrees C 90 90 60 60 120 degrees 90 90 F D Polygon A Polygon B A. It is possible to circumscribe a circle around each polygon because they are both quadrilaterals. B. It is not possible to circumscribe a circle about either polygon because they are both quadrilaterals. C. It is possible to circumscribe a circle about the parallelogram on the left only, because opposite angles must be supplementary D. It is possible to circumscribe a circle about the rectangle because its opposite angles are supplementary 156, 153, 150, ...Find the 46th term. According to robert graves , which component of culture most fulfills the same vital function of myth ? Based on table n, uranium-238 and uranium-235 have different a)decay modes b)half lives c)number of protons d)number of electrons All of the following statements are true about the skin-fold test EXCEPT:A. Body fat can be measured using calipers.B. The figures obtained from the test are completely accurate.C. The biceps and skinfolds are sites.D. The subject's age should be taken into consideration. An older client with a fractured left hip is on strict bedrest. Which nursing measure is essential to the client's nursing care PLEASE PLEASE PLEASE I HAVE 20 MINUNTES Given limit of f (x) = 4 as x approaches 0. what is limit of one-fourth left-bracket f (x) right-bracket superscript 4 baseline as x approaches 0? 0 4 64 128 Name all these please I need help. Write the names of the fallowing accoring to the IUPAC rules. 28.4.2 Test (CST): Transformations, Congruence, and Similarities, Part 2Quadrilateral RUST has a vertex at R (1,5).TSWhat are the coordinates of R'after the translation (x, y) (x+1, y-1), What is meant by "lean production"?