Control risk refers to the possibility of financial statements being significantly misstated as a result of a company's internal controls failing.
Example(s):
Lack of a good internal control environment, poorly designed business processes, IT security risk, integrity and ethic risk, human mistakes, and fraud risk are all frequent internal control hazards in business.
A CFP professional is a Registered Investment Advisor managing 120 million in assets. One of his clients sends a complain letter to the CFP professional, complaining that some trades were not executed properly. During the investigation, it is discovered that the client never received the firms form ADV. Which governing body has the ultimate authority over lack of regulatory disclosure for this matter
SEC reviews the information and have the authority of regulatory disclosure for the ADV.
What is SEC and how it works?SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.
The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.
SEC is the governing body which has the authority in the case of ADV form.
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Having just graduated with a degree in business, Brianna looks over several offers she has received from companies interested in her talents. She is specifically interested in the wage setup each company is offering. One wants her to manage a small store; this would be a salaried position. Another would have her working in a sales office on commission. The third is a spot in a paper company as an hourly sales manager. Brianna has been offered a chance to do per-project work for a retail company, but she would be an independent contractor. Compare and contrast these
Answer:She's just getting started financially and decides not to join her field's major professional association because she thinks it's not worth the annual fee.
Explanation:There u GO!!<3:)
How can you train yourself to never give up before you reach you number one goal.
For example, I want to go to college and either study to be a Certified nursing assistant or Registered nurse and in 11th grade I want to try to do Licensed practical nurse which I probably have to start off as Practical nurse.
(This is for eighth grade)
Answer:
Make a List of Goals. Write down your goals and visualize how you will feel when you hit each one. ...
Work Out Every Day. ...
Make a Schedule and Stick to It. ...
Find Your “Whys” ...
Find Some Mentors. ...
Stop Comparing Yourself With Other People. ...
Take Care of Yourself and Think Positively.
Explanation:
Interview a business manager on the crisis experienced in the workplace
Answer:
During an interview, a hiring manager may ask you about previous challenges you've faced in the workplace. The most effective answer to this question will highlight your problem-solving skills and professionalism. Preparing for this question ahead of time will provide you with greater confidence and a better chance of impressing the hiring manager. In this article, we discuss why employers ask this question, explain how to answer it and provide you with a list of example answers.
Explanation:
Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
What is a Business Manager?A business manager can be defined as a person that help to manage a company or an organization business so as to ensure that the business is running effectively.
A business manger is in the right position to know the crisis happening in his/her workplace and how to effectively manage the crisis and to ensure smooth running of the business.
Therefore Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
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When delivering 2023 leaf, explain there are three ways to initiate standard and trickle charging. What are they?.
Three ways to initiate standard and trickle charging are Immediate, remote and timer charging
What is charging?Charging is the process of transferring energy or power to a particular energy source.
We have timer charging and remote charging which helps in power transfer.
Therefore, Three ways to initiate standard and trickle charging are timer and remote charging.
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what is the value to a start up business of using primary marketing research
Answer:
By conducting primary research using unbiased panellists, entrepreneurs can gain the latest information about the consumer's wants and needs, allowing them to adapt their product or service accordingly and gain a competitive advantage.
Explanation:
what is double entry in financial accounting
Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
The _____ consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift _____.
The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
What is demand curve?Demand curve is a graphical representation that shows how the rate of demand for a particular products and how it varies or changes over a period of time.
Therefore, The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
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Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15. What form does she need to complete to obtain an automatic six-month extension
"Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15." The form she needs to complete to obtain an automatic six-month extension is Charity contributions. Tax-deferred income. This is further explained below.
What are Charity contributions?Generally, Charity contributions are simply defined as Donations to charities that may take many forms, but they always benefit non-profits in some way.
In conclusion, there are exceptions to the general rule that you may deduct up to 50% of your AGI, such as the 20% and 30% caps.
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Outline FIVE ways how the owner dealt with the crisis experienced in the workplace
The steps that owner/manager can deal with the crisis experienced in the workplace includes:
identifying issuedealing with ittimely communicationalways be preparedlearning from experienceWhat are workplace crises?These means series of problem that arises at the workplace such as worker shortage, work de-motivation, anonymous accusations, bribery, computer tampering, loss of data etc.
However, the management of workplace crises can impact the manager's performance as well if care are not taken
In conclusion, the proper management of the workplace crises will mitigate the negative effect of those crises.
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An owner of an apartment complex pays a previous tenant a $50 finder's fee for referring a person who becomes a new tenant. What is this arrangement NOT considered to be
This arrangement is not considered to be : Legal
What is Finders fee ?Finders fee is the commision paid to an individual or group for facilitating a transaction. The arrangement is not considered to be legal unless the previous tenant was also a licensed real estate agent.whom will pay his tax from his earnings.
Hence we can conclude that This arrangement is not considered to be : Legal.
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A company reports the following at year end: sales of $22,000; cost of goods sold $12,000; net income $6,000; average merchandise inventory $4,500. Inventory Turnover is calculated to be:
As per the given reports at year-end, the cost of goods sold is $12,000 and the average merchandise inventory is $4,500. The inventory turnover is 2.67.
What is inventory turnover?Inventory turnover refers to the measure of the number of times inventory is sold or used in a period.
The inventory turnover ratio is calculated by dividing the cost of goods sold and the average inventory. The inventory turnover is 2.67 (12,000/4,500).
Therefore, the inventory turnover ratio is 2.67.
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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2022 are as follows. End of Year Beginning of Year Cash and cash equivalents $ 795 $ 72 Accounts receivable (net) 2,035 1,942 Inventory 898 900 Other current assets 326 303 Total current assets $4,054 $3,217 Total current liabilities $2,014 $1,601 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)
The current ratio is 2.01 times, accounts receivable turnover is 4.15, average collection period is 87.95 days, inventory turnover is 5.93, and days in inventory at the end of the current year is 61.55 days.
Current ratio, accounts receivable and average collection period1. Current ratio:
Current ratio = Current assets / Current liabilities
Current ratio= $4,054 ÷ $2,014
Current ratio= 2.01
2. Accounts receivable ratio:
Accounts receivable turnover= Net Sales / Average Accounts Receivable
Accounts receivable turnover =8,258/ [(2,035+ 1,942)/2]
Accounts receivable turnover =8,258/1,988.5
Accounts receivable turnover =4.15
3. Average collection:
Average collection period = 365 / Accounts Receivable Turnover ratio
Average collection period=365/4.15
Average collection period=87.95 days
4. Inventory turnover:
Inventory turnover ratio = Cost of Goods Sold / Average Inventory
Inventory turnover ratio=$5,328/(898+900)/2
Inventory turnover ratio=5,328/899
Inventory turnover ratio=5.93
5. Day in inventory:
Day in inventory = 365 / Inventory turnover ratio
Day in inventory=365/5.93
Day in inventory=61.55 days
Therefore the current ratio is 2.01 times, accounts receivable turnover is 4.15, average collection period is 87.95 days, inventory turnover is 5.93, and days in inventory at the end of the current year is 61.55 days.
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According to dale carnegie, after delivering your main content, you should.
According to the ideas of Dale Carnegie, it can be inferred that we should explain the meaning of our main content (option C)
Who was Dale Carnegie?Dale Carnegie (1888 - 1955) was a noted American writer of books dealing with human relationships and effective communication.
Carnegie was noted for writing about taking responsibility. Additionally, one of the central ideas of his books is that it is possible to change the behavior of others if we change our attitude towards them.
According to this author, once you deliver your main content, you must explain to the public in detail what you meant with your text, in a few words, you should explain what you mean to give greater clarity.
Note: This question is incomplete because the options are missing. Here are the options.
Tell them what you're going to say.
Say it.
Tell them what you said.
Say it again.
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The 1990s court case concerning advertising of ________ is especially concerning to businesspeople who believe that commercial speech should be protected by the First Amendment.
The 1990s court case concerning advertising of tobacco is especially concerning to businesspeople who believe that commercial speech should be protected by the First Amendment.
What is advertisement?Advertisement can be defined as the process of creating product or brand awareness.
Business people believe that commercial speech which is a form of advertising of a product is to be protected so as protect people form advertisement that can be mislead.
Therefore the 1990s court case concerning advertising of tobacco is especially concerning to businesspeople.
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Conducting an inaccurate self-assessment can lead you to work at a job that you do not enjoy. please select the best answer from the choices provided t f
When you Conduct an inaccurate self-assessment it can lead to working at a bad job that you do not enjoy : i.e Statement in the question is TRUE
What is self assessment ?Self assessment is the evaluation of the performance of oneself which is based on a preset standard. Self assessment can help us to determine t areas in our personality that requires improvement , which in turn will enable them make important decisions.
In Conclusion When you Conduct an inaccurate self-assessment it can lead to working at a bad job that you do not enjoy.
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Nolan wants to raise money to participate in a cancer fundraiser walk. He sets the following goal for himself:
I will earn $600.000 for the cancer fundraiser by asking for donations.
Please describe the effectiveness of Nolan's goal in two to three complete sentences using the MAD goals concept.
The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is Measurable, Attainable, and have a Deadline.
What is the Mad goals concept?The MAD Goals are:
Measurable Attainable Deadline.The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is Measurable, Attainable, and have a Deadline. When the cancer donations falls within the define steps above, she can be able to attain her goal.
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A student made a table in Excel and enters data in an adjacent cell. What is an advantage of making the table in an Excel worksheet?
Excel automatically adds the data from the adjacent cell to the table.
The user has the option to include the adjacent data in the table.
Adjacent cells can be filtered according to the data in the table.
Table headings are automatically applied to data in the adjacent cell.
The advantage of making the table in an Excel worksheet is that the adjacent cells can be filtered according to the data in the table.
What is an adjacent cells?In a Spreadsheet, these are cell that is in the same row and adjoins the current cell in a worksheet.
Hence, the advantage of making the table is that the adjacent cells can be filtered according to the data in the table.
Therefore, the Option C is correct.
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Jon's home is located in a flood zone. His list price takes this into consideration, and he's also provided a CLUE report for buyers specifying that the flood risk is low. However, he's still having a hard time selling. One option Jon could take is to ______. Unset starred question Drastically drop the asking price Offer to cover the buyer's flood insurance costs for one year Plan staying put Wait until the market changes
As per the case, John could take to drop the plan of selling and try to wait for the market changes. Thus, the correct answer is D.
What is flood zone?Flood zone are the areas that are considered as more prone to flood. These areas are highlighted on the map about the dangers of floods occurring. John's home is located in a flood zone so it will be difficult for him to sell.
Selling at a low price will cause loss to him, offering insurance for the flood to buyers will also hamper him with the financial burden of the flood. If he drops the plan for some time, might be possible he get a good amount due to weather changes and market changes.
Therefore, option D waiting for market changes is the correct answer.
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Which evidence does Gore use to support the idea that climate change is
occurring?
A. Personal observation of faulty events
B. Worldwide events and damages resulting from climate change
C. Hypothetical situations of potential damage
D. Comparisons of disasters that affect culture, religion, and tradition
Gore use to support the idea that climate change is Worldwide events and damages are resulting from climate change.
What is Climate?Climate helps to describe how the weather in particular place is.
It includes the temperature, humidity, sunlight, rainfall and precipitation. The effect of the interaction of this factors determines the climate over a longer period of time.
Therefore, Gore use to support the idea that climate change is Worldwide events and damages are resulting from climate change.
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a project has a total budget of $100, 000 for one year. $40,000 will be used immediaty yo purhcase equipment. How would youu find the project's monthly budget after this purchase
You can find the project's monthly budget after the initial purchase of equipment for $40,000 by dividing ($100,000 - $40,000) by 12, which gives $5,000.
What is a monthly budget?A monthly budget is the allocated amount that can be spent for the month.
A monthly budget can be determined by dividing the total budget for the year by 12.
Data and Calculations:Total yearly budget = $100,000
Equipment purchase = $40,000
Reminder of the budget = $60,000 ($100,000 - $40,000)
Number of months in a year = 12
Monthly budget = $5,000 ($60,000/12)
Thus, you can find the project's monthly budget after the initial purchase of equipment for $40,000 by dividing ($100,000 - $40,000) by 12, which gives $5,000.
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A tool manufacturer is planning to set up a production plant abroad. It has selected five potential countries based on their population size, stage of economic development, labor costs, and access to world markets. Considering the connection between culture and competitive advantage, which country would be the best investment site for this company
The best investment site for this company is Country B, where education is well-developed and social stratification is lacking.
What is competitive advantage?Competitive advantage can be defined as the factors, conditions, or circumstances that allow a business firm (company) to manufacture finished goods or services better and perhaps, cheaper than other rival business firms (companies) in the same industry.
This ultimately implies that, competitive advantage is responsible for putting a business firm (company) in a superior and more favorable position than its rivals.
In this scenario, we can infer and logically conclude that the best investment site for this company is Country B, where education is generally well-developed and social stratification is completely lacking.
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Trago company manufactures a single product and has a jit policy that ending inventory must equal 5% of the next month's sales. it estimates that may's ending inventory will consist of 14,000 units. june and july sales are estimated to be 280,000 and 290,000 units, respectively. compute the number of units to be produced in june.
The number of units to be produced for Trago company in June is 280,500
What is unit of production?Production is the method of turning raw materials or inputs into finished goods.
Calculation of number of units to be produced in June.
June sales units 280,000
Desired ending inventory (290,000 × 0.05) 14,5,00
Units needed 294,500
Beginning inventory (14,000)
June production units 280,500
Hence, the number of units to be produced in June is 280,500
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I really need help with this one this is also my final if you wondering why I’m posting it
Lily is making her first resume and has no past experience so to boost her resume she can emphasize on her education and highlight her strong GPA.
What is the resume?Resume is the document of the job seeker in which he includes his work experience, his qualifications, educational background etc. A resume is accompanied by the offer letter in which his states his interest of working in the organization.
In the statement Lily is making her first resume as she has no past experience in order to make her resume attractive to the interviewers she can highlight her academics performance. She can include the extra curricular activities in which she took part.
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What does franchisor mean?
A.
a person who allows another person to use a brand name for a fee
B.
a person who rents one of the units of a hotel chain
C.
a person who owns a hotel chain and rents out a unit for a fee
D.
a person who obtains permission to use a brand name for a fee
Answer:
The correct answer is C) A person who owns a hotel chain and rents out a unit for a fee.
Answer:
The answer should be A
Explanation:
Unemployment that results because some people are searching for jobs is called a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
Answer:
D
Explanation:
Frictional unemployment naturally occurs, even in a growing, stable economy. Workers choosing to leave their jobs in search of new ones and workers entering the workforce for the first time constitute frictional unemployment.
A company with a wide span of control and short chain of command is a _____ organization. A company with a narrow span of control and long chain of command is a _____ organization. Group of answer choices
1. A company with a wide span of control and a short chain of command is a flat organization.
2. A company with a narrow span of control and a long chain of command is a tall organization.
What is a flat or tall organization?A tall organization is a vertical organization with:
A hierarchical or 'tall' structureMany leaders and layers of managementUses a 'top-down' approachA long chain of commandA narrow span of control A relatively small number of subordinates.A flat organization is a horizontal organization without the features of a tall organization.
Thus, a company with a wide span of control and a short chain of command is a flat organization while a company with a narrow span of control and a long chain of command is a tall organization.
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What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Acceptance, Belonging, Contribution
Acceptance, Contribution, Teamwork
Acceptance, Compensation, Rewards
Belonging, Compensation, Teamwork
Answer:
Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.
Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now, he might experience a skilled labor shortage for approximately two weeks due to increased demand for the company's products. Which option would be best for dealing with this labor shortage
"Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now..." the option that would be best for dealing with this labor shortage is Short-term gain in productivity may be made by encouraging employees to work more hours. This is further explained below.
What are work hours?Generally, work hours are simply defined as the required or stipulated time for a job.
In conclusion, Throughout 40 to 44 hours per week are the norm in most nations around the globe.
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the ____ phase in the business cycle is a period that marks the end of declining business activity.
Answer:
trough
Explanation:
A trough is the stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion.