Answer:
The correct answer is the first option: Emphasizes perspective of senior managers and that management, as a profession, can be taught.
Explanation:
To begin with, the term known as "Administrative Management" refers to the discipline whose main purpose is to focus in the efficient and effective organization of people, information and procedures inside the entity that will all lead to the completion of the tasks that are needed to be done in order to achieve the termination of the product or service that organization produces. This particular approach seeks for the employers to achieve the field in where the understand all the contents necessary to analyze what is happening around the organization and be able to work with that as good as possible.
Executory Contracts are generally Multiple Choice Recorded with an adjusting entry Recorded with a transaction entry Not recorded Recorded with a closing entry
Answer:
Not recorded
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
An executory contract can be defined as a type of contract made between two parties in which the obligations have not been fully performed or executed. Thus, there exist an unperformed obligations on both parties involved in the contract. Also, in an executory contract the terms with respect to the contract are usually set to be completed or executed at a later date in the future.
Hence, as a result of the aforementioned unperformed obligations, executory contracts are generally not recorded.
At December 31, 2016, Marion Inc. had 6,000,000 common shares outstanding. An additional 1,000,000 common shares were issued on April 1, 2017, and 500,000 more on July 1, 2017. On October 1, 2017, Marion issued 25,000, $1,000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2017. What is the number of shares to be used in calculating 2017 basic earnings per share and diluted earnings per share, respectively
Answer:
Number of shares to be used in calculating 2017 basic earnings per share = = 7,000,000 hares
Number of shares to be used in calculating 2017 diluted earnings per share = 7,125,000 shares
Explanation:
Number common shares outstanding at December 31, 2016 = 6,000,000
Number of additional common shares issued on April 1, 2017 relevant to 2017 = Number of shares issued * (Number of months from 01 April 2017 to 31 December 2017 / Number of months in a year) = 1,000,000 * (9 / 12) = 750,000
Number of additional common shares issued on July 1, 2017 relevant to 2017 = Number of shares issued * (Number of months from 01 July 2017 to 31 December 2017 / Number of months in a year) = 500,000 * (6 / 12) = 250,000
Number of common shares from convertible bonds issued on October 1, 2017 relevant to 2017 = Number of convertible bonds issued * (Number of months from 01 October 2017 to 31 December 2017 / Number of months in a year) * Number of shares the bond can be converted to = 25,000 * (3 / 12) * 20 = 125,000
Therefore, we have:
Number of shares to be used in calculating 2017 basic earnings per share = Number common shares outstanding at December 31, 2016 + Number of additional common shares issued on April 1, 2017 relevant to 2017 + Number of additional common shares issued on July 1, 2017 relevant to 2017 = 6,000,000 + 750,000 + 250,000 = 7,000,000 hares
Number of shares to be used in calculating 2017 diluted earnings per share = Number of shares to be used in calculating 2017 basic earnings per share + Number of common shares from convertible bonds issued on October 1, 2017 relevant to 2017 = 7,000,000 + 125,000 = 7,125,000 shares
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong.
Decision
Corporate Finance
Capital Markets
Investments
Ethan must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
Radford works for an investment bank and makes decisions about the sale of new common stock by ABCL Inc.
Aakash works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Aakash must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.
Answer:
corporate finance
capital markets
investments
Explanation:
Corporate finance is a branch of finance that is concerned with how companies manage their sources of funds, capital structure and make investment decisions.
Ethan must make a decision on how to minimise cost so as to acquire more assets. the purchase of asset is an investment decision. the area of finance here is corporate finance.
Capital market is a market where buyers and sellers come together to buy and sell financial securities.
There are two types of capital markets :
Primary market - new issues of stocks and securities are traded in this market. Secondary market -previously issued securities are traded in this market.Radford is selling a newly issued common stock. He is engaged in the primary market of the capital market
Investment is an asset purchased that has the potential to increase wealth or income of the purchaser.
For example, the purchase of of securities has the potential to increase the wealth of the holder.
Aakash is involved in investment
Hummingbird Company uses the product cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follows:
Variable costs per unit:
Direct materials $2.50
Direct labor 4.25
Factory overhead 1.25
Selling and administrative expenses 0.50
Total 8.50
Fixed costs:
Factory overhead $25,000
Selling and administrative expenses 17,000
Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.
Required:
a. Determine the amount of desired profit from the production and sale of Product K.
b. Determine the total manufacturing costs and the cost amount per unit for the production and sale of 25,000 units of Product K.
c. Determine the markup percentage for Product K.
d. Determine the selling price of Product K.
Answer:
Hummingbird Company
a. The amount of desired profit from the production and sale of Product K is: $32,125.
b. The total manufacturing costs is: $237,500
The cost amount per unit for the production and sale of 25,000 units of Product K is: $10.18 ($274,500/25,000)
c. The markup percentage for Product K is:
= 11.70% ($32,125/$274,500 * 100)
d. The selling price of Product K is:
= $11.47 ($286,625/25,000)
Explanation:
a) Data and Calculations:
Production and sales unit of Product K = 25,000
Variable costs per unit:
Direct materials $2.50
Direct labor 4.25
Factory overhead 1.25
Selling and administrative expenses 0.50
Total 8.50 $212,500
Fixed costs:
Factory overhead $25,000 $237,500
Selling and administrative expenses 17,000
Total production and sales costs = $254,500
5% rate of return on invested assets 32,125 ($642,500 * 5%)
Total costs + target profit $286,625
On December 31, Hawkin's records show the following accounts. Equipment $ 4,500 Cash 2,400 Rent Expense 3,000 Accounts Receivable 2,100 Services Revenue 17,500 Accounts Payable 7,500 Wages Expense 8,000 Utilities Expense 2,200 Use the above information to prepare a December income statement for Hawkin.
Answer:
Hawkin`s
Income Statement for the year
Sales 17,500
Less Expenses :
Rent Expense 3,000
Wages Expense 8,000
Utilities Expense 2,200 (13,200)
Net Income 4,300
Explanation:
Income Statement include only income and expense items. Net Income = Sales - Expenses.
why the kid say nvr waste ur diamonds on a hoeh
Answer:
it was a waste of diamonds lol
Explanation:
Katrina is complaining to her landlord about the six inch long cockroach in her apartment The landlord scoffs saying Cockroaches don t get that big Ill pay $10000 to anyone who can show me a six inch cockroach Wll a bug collector overherads and promptly presents the landlord with his prize six inch South American cockroach The land lord refuses to pay and will sues Which of the following best describe he situation?
a. There is no contract because the landlord never intended to make an offer.
b. There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.
c. There is no contract because Will did not have the power of acceptance.
d. There is definitely a contract.
Answer: b. There is no contract; a reasonable person wouldn’t believe the landlord intended to pay
Explanation:
Based on the information given in the question, there is no contract because a reasonablee person wouldn’t believe the landlord intended to pay.
It should be noted that the landlord won't pay $10,000 just for someone to bring a cockroach to him. Will presenting the cockroach and then suing him is really absurd because he should not be expecting a $10000 from the landlord and moreover there wasn't any form of written contract which was duly signed to even attest to that.
The Tingey Company has 500 obsolete microcomputers that are carried in inventory at a total cost of $720,000. If these microcomputers are upgraded at a total cost of $100,000, they can be sold for a total of $160,000. As an alternative, the microcomputers can be sold in their present condition for $50,000. The sunk cost in this situation is: g
Answer: $720000
Explanation:
Sunk cos simply refers to a coat which a company has already incurred and can't be recovered. They're not relevant to future decisions if the company has they already happened in the past.
In this case, the sink cost will be $720,000 which is the total cost of the obsolete microcomputers, Other coat such as $100,000, $160,000, and $50,000 are relevant cost.
Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these bonds at a price of $104,500, the gain or loss on retirement is:
Answer:
Gain on retirement $4,200.00
Explanation:
The computation of the gain or loss on retirement is given below;
Carrying value of Bond $108,700.00
Less; Price at which bond is called $104,500.00
Gain on retirement $4,200.00
Simply subtracted the called price of the bond from the carrying value of the bond so that the gain on retirement is recorded
A company is considering two mutually exclusive projects. The firm has a 12% cost of capital , has estimated the cash flows as below: Project A Project B Initial Investment -$150,000 -$150,000 Year Cash Inflows 1 $ 45,000 $ 75,000 2 $ 45,000 $ 60,000 3 $ 45,000 $ 30,000 4 $ 45,000 $ 30,000 5 $ 45,000 $ 30,000 6 $ 45,000 $ 30,000 Calculate the payback period for each project. Which project is preferred according to this technique
Answer:
Project A = 4 years 4 months
Project B = 2 years 6 months
Explanation:
The payback period of a project is the length of time it takes for the cash flows to equal the amount of initial investment.
Project A ( $150,000) = $ 45,000 + $ 45,000 + $ 45,000 + $15,000 / $ 45,000 x 12
= 4 years 4 months
Project A ( $150,000) = $ 75,000 + $ 60,000 + $15,000 / $ 30,000 x 12
= 2 years 6 months
The price of a non-dividend-paying stock is $20, and the price of a 3-month European call option on the stock with a strike price of $22 is $1.50. Assume the risk-free rate is 5% per annum. What is the price of a 3-month European put option with a strike price of $22 on the same stock
Answer:
-$0.23
Explanation:
Using put-call parity equation:
Price of European call option = Current stock price + Price of European put option - Strike price*e^-(risk free rate * time to expiration)
Price of European call option = $20 + $1.50 - $22*e^-(0.05*3/12)
Price of European call option = $20 + $1.50 - $22*0.9875778
Price of European call option = $20 + $1.50 - $21.73
Price of European call option = -$0.23
The ____ is an organization that has developed resource documentation for CSPs and their staff. It provides guidance for privacy agreements, security measures, questionnaires, and more.
Answer:
Cloud Security Alliance
Explanation:
Cloud Security Alliance can be regarded as an organization that
is a not-for-profit one having a mission in raising best practices that provid security assurance in cloud computing as well as provision of education on how cloud computing can be used in
securing forms of computing. It should be noted that Cloud Security Alliance
is an organization that has developed resource documentation for CSPs and their staff. It provides guidance for privacy agreements, security measures, questionnaires, and more.
issued $200,000 of 10-year bonds on January 1. The bonds pay interest on January 1 and July 1 and have a stated rate of 10 percent. If the market rate of interest at the time the bonds are sold is 12 percent, what will be the issuance price of the bonds (pick the closest answer)?
Answer:
$177,060.16
Explanation:
The issuance price of the bonds is also known as the current price of bonds and in the bond calculation we refer this as the Present Value or PV.
Using a financial calculator, PV of the Bond is determined as :
FV = $200,000
N = 10 x 2 = 20
P/YR = 2
PMT = ($200,000 x 10%) ÷ 2 = $10,000
I/YR = 12 %
PV = ??
Thus,
The PV is determined as $177,060.16
therefore,
The issuance price of the bonds is $177,060.16
Your firm purchases goods from its suppier on terms of 1/22, net 42. What is the effective annual cost to yourfirm if it chooses not to take advantage of the trade discount offered
Answer:
The effective annual cost to yourfirm if it chooses not to take advantage of the trade discount offered is:
= 18.25%.
Explanation:
a) Data and Calculations:
Terms 1/22, net 42: This effectively provides a discount of 1% if the firm pays its supplier within 22 days from the date of purchase. After the 22 days up to 42 days, the firm pays the full amount. This means that the cost of this discount can be annualized as 1% * 365/20 = 18.25%.
This means that if the firm chooses not to take advantage of the trade discount offered, it is actually losing 18.25%. per annum.
On January 3, 2019, Carey discovers his diamond bracelet has been stolen. The bracelet had a fair market value and adjusted basis of $7,000. Assuming Carey had no insurance coverage on the bracelet and his adjusted gross income for 2019 is $50,000, calculate the amount of his theft loss deduction.
Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
Calculating Standard Quantities for Actual Production Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 30 minutes and 6.6 quarts of oil are used. In June, Guillermo's Oil and Lube had 940 oil changes. Required: 1. Calculate the number of quarts of oil that should have been used (SQ) for 940 oil changes. fill in the blank 1 quarts 2. Calculate the hours of direct labor that should have been used (SH) for 940 oil changes. fill in the blank 2 direct labor hours 3. What if there had been 930 oil changes in June
Answer:
Guillermo's Oil and Lube Company
1. The number of quarts of oil that should have been used (Standard Quantity) for 940 changes is:
= 6,204 quarts.
2. The hours of direct labor that should have been used (Standard Hours) for 940 oil changes is:
= 470 hours.
Explanation:
a) Data and Calculations:
Time taken for a typical oil change = 30 minutes or 0.5 hours (30/60)
Standard quarts of oil for a typical oil change = 6.6 quarts
Total oil changes in June = 940
1. The number of quarts of oil that should have been used (Standard Quantity) for 940 changes = 6,204 (940 * 6.6) quarts
2. The hours of direct labor that should have been used (Standard Hours) for 940 oil changes = 470 (0.5 * 940) hours
Demonstrate your understanding of the difference between intrapreneurs, entrepreneurs and managers and their role in organizational change.
a. Tariq- Tariq is responsible for working through others to achieve organizational goals.
b. Sushil- Sushil is tasked with creating an organization and control system to enable the firm to increase productivity.
c. Sonia- Sonia is creating a control system for specific functional areas such as accounting, marketing, and manufacturing.
d. Mary- Mary recognized the need for a new product that was unmet in the industry. She has created a prototype, secured funding, and formed a company to produce and sell it.
e. Taylor- Taylor, Rafael, and Malik have been selected to form a skunkworks team.
f. Dylan- Dylan thought of a radical change the company could make to the production system and leading a team to design and implement the change.
g. Chris- Chris developed a revolutionary new fitness program and is marketing a series of videos to distribute nationwide.
h. Todd- Todd recently left his employer after they ignored his idea for a new product. He is starting his own company so he can enter the market.
i. Carmen has been working in customer service for two years and has discovered a system for sharply reducing the department's response time to customers.
Answer:
The answer is below
Explanation:
Given that an Entrepreneur is a person who establishes a business and operates the company with complete autonomy or freedom. At the same time, Intrapreneur is a person who is charged with the responsibility of creating innovation in the existing business company to increase revenue, with less autonomy compared to entrepreneurs.
On the other hand, a manager is a person who is responsible for the organization and directing the affairs of other staff to achieve the company goals.
Also, skunkworks in business is a term to describe a group within a firm responsible for working on a particular project, with a relative autonomy or freedom given by the company they work for.
Hence, we have the following:
A. Tariq - Manager
B. SushiI - Intrapreneur
C. Sonia - Intrapreneur
D. Mary - Entrepreneur
E. Taylor - Intrapreneur
F. Dylan - Manager
G. Chris - Entrepreneur
H. Todd - Entrepreneur
I. Carmen - Intrapreneur.
From the information given, the intrapreneurs, entrepreneurs and managers will be:
A. Tariq - ManagerB. SushiI - IntrapreneurC. Sonia - IntrapreneurD. Mary - EntrepreneurE. Taylor - IntrapreneurF. Dylan - ManagerG. Chris - EntrepreneurH. Todd - EntrepreneurI. Carmen - IntrapreneurAn intrapreneur simply means an employee that is responsible for the development of an innovative idea in a company.
An entrepreneur is an individual who sets up a business with the hope of making a profit. A manager is an individual that's responsible for controlling the employees in an organization.
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The kinked demand model assumes firms will: a. follow the price decreases of rivals b. ignore the price increases of rivals c. ignore all price changes of rivals d. follow all price changes of rivals e. a and b
Answer:
b. ignore the price increases of rivals
Explanation:
Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.
Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.
Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On
Generally, the kinked demand model assumes firms will ignore the price increases of rivals
Answer:
b. ignore the price increases of rivals
Explanation:
The kinked demand model assumes firms will: ignore the price increases of rivals.
What is external factor
Answer:
External factors are those influences, circumstances or situations that a business cannot control that affect the business decisions that the business owner and stakeholders make. The are a large number of external factors can have a direct impact on the ability of your business to achieve its strategic objectives.
Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,800 direct labor-hours will be required in May. The variable overhead rate is $2.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $107,440 per month, which includes depreciation of $9,610. All other fixed manufacturing overhead costs represent current cash flows. The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: $116,310. $18,480. $97,830. $125,920.
Answer:
$116,310
Explanation:
May cash disbursements = $2.10 x 8,800 + $107,440 - $9,610
= $116,310
The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: $116,310
1. The amount of money that is invested in a house is called?
Answer:
REITs allow you to invest in real estate without the physical real estate. Often compared to mutual funds, they're companies that own commercial real estate such as office buildings, retail spaces, apartments and hotels. REITs tend to pay high dividends, which makes them a common investment in retirement.
Explanation:
Hope this helps you sorry if it doesn’t
On January 1, 2020, Blue Inc. issued stock options for 290,000 shares to a division manager. The options have an estimated fair value of $6 each. To provide additional incentive for managerial achievement, the options are not exercisable unless divisional revenue increases by 6% in four years. Blue initially estimates that it is not probable the goal will be achieved, but in 2022, after three years, Blue estimates that it is probable that divisional revenue will increase by 6% by the end of 2023. Ignoring taxes, what is the increase in expense in 2022
Answer: $1,305,000
Explanation:
Blue initially estimated that the goal would not be achieved so had not catered for the expense in the case that it would.
In 2022, when Blue estimates that the target will be reached, they will have to account for the expenses for the three years for the option because the options value is to be amortized over the period in question which is 4 years.
Options value = 290,000 * 6
= $1,740,000
Over 4 years:
= 1,740,000 / 4
= $435,000
Over the three years:
= 435,000 * 3
= $1,305,000
Expenses will increase by 1,305,000 for the year.
*A product cost is Group of answer choices expensed in the period in which the product is manufactured shown with current liabilities on the balance sheet shown with operating expenses on the income statement expensed in the period the product is sold
Answer:
expensed in the period in which the product is manufactured.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.
Generally, a product cost or the cost associated with the manufacturing of a particular product is expensed within the period in which it was manufactured by the firm.
A loss due to a discontinued operation should be reported on the income statement a.as an operating expense b.without related tax effect c.above income from continuing operations d.below income from continuing operations
Answer:
d.below income from continuing operations
Explanation:
An income statement can be regarded as financial statement which expresses the income of the company as well as expenditures. It allows the company to know whether profit or loss is been made by the company for a given period. The income statement, as well as balance sheet and cash flow statement can allow ones to understand the financial health of a particular business. It should be noted that loss due to a discontinued operation should be reported on the income statement as below income from continuing operations
At the dawn of the 21st century, ______ had significant ramifications for companies and strategies around the world
Answer:
All of the above.
Explanation:
At the beginning of the 21st century, the protest related to the anti-globalization, terrorist attack and the crisis with regard to the corporate governance have an important ramifications for the companies & strategies across the world
So as per the given situation, all the reasons should be considered
Therefore it is the all of the above
On May 1 of the current year, Cassandra Corp. issued $600,000 of 4% bonds payable at par with interest payment dates of April 1 and October 1. In its income statement for the current year ended December 31, what amount of interest expense should Cassandra report
Answer:
Cassandra Corp.
The amount of interest expense that Cassandra should report in its income statement for the current year ended December 31 is:
= $18,000.
Explanation:
a) Data and Calculations:
Face value of bonds issued May 1 = $600,000
Proceeds from the bonds issue = 600,000
No discounts/ no premiums
Coupon and effective interest rate = 4%
Interest payment = Semiannually
Semiannual interest payment = $12,000 ($600,000 * 2%)
October 1:
Interest expense = $12,000
Interest payment = $12,000
December 31:
Interest expense = $12,000 * 3/6 = $6,000
Interest expense on December 31 = $18,000 ($12,000 + $6,000)
Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results. Routers Switches Sales $ 590,000 $ 990,000 Variable costs (as a percentage of sales) 40 % 45 % Traceable fixed costs $ 250,000 $ 125,000 In addition, fixed costs common to both product lines amounted to $213,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each product line. (Round percentage answers to 2 decimal place. i.e. 0.1234 should be considered as 12.34%.)
Answer:
Hepras, Inc
Routers Switches Total
Sales $ 590,000 100% $ 990,000 100% $ 1,580,000 100%
Variable costs
(as a percentage
of sales) 236,000 40% 445,500 45 % 681,500 43.13%
Contribution $354,000 60% 544,500 55% 898,500 56.87%
Traceable
fixed costs 250,000 42.37% 125,000 12.62% 375,000 23.73%
Segment Income $ 104,000 17.63% 419,500 42.37% 523,500 33.13%
Common Fixed costs 213,000 13.48%
Net operating income $310,500 19.65%
Explanation:
a) Data and Calculations:
Routers Switches
Sales $ 590,000 $ 990,000
Variable costs
(as a percentage
of sales) 40% 45 %
Variable costs = $236,000 ($590,000*40%) $445,500 ($990,000*45%)
Traceable
fixed costs 250,000 125,000
Common Fixed costs = $213,000
Jisue Construction Company received $12,000 for six months rental income in advance on November 1, 2020, and credited the Rental Revenue account for $12,000. The required adjusting entry on December 31, 2020, would include a Group of answer choices
Answer:
Debit : Rent in Advance $4,000
Credit : Rent Income $4,000
Explanation:
When Rent was paid in advance :
Debit : Cash $12,000
Credit : Rent in Advance $12,000
The required adjusting entry on December 31, 2020 :
Debit : Rent in Advance $4,000
Credit : Rent Income $4,000
a US Company, has a 100% owned subsidiary in Japan. The functional currency for the subsidiary is the Japanese yen. The Japanese subsidiary purchases merchandise on credit from a Swiss company, with payment due in US dollars. Between the date of purchase and the due date of the payable, the swiss franc strengthens against the US dollar and the Japanese yen weakens against the US dollar. What will be the result to Juno
Answer:
What will happen is that the credit, taken from a Swiss company in US dollars, will become more costly due to the depreciation against the Swiss France.
However, the weakening of the Japanese Yen against the U.S. dollar may benefit the Japanese subsidiary if it is involved primarily in exports, because the cheaper yen will make its products more attractive to American customers, and probably also to other customers around the globe.
The subject of the auditing procedure inspecting is least likely to be: a. lease agreements. b. physical assets. c. personnel. d. accounting records. e. documents.
Answer:
b. physical assets
Explanation:
Audit procedures can be regarded as processes or techniques, or methods that is been followed by auditors in obtaining audit evidence that will give them enablement to make a conclusion as regards to set audit objective so they can express their opinion. audit procedures can as well be called audit programs. It should be noted that The subject of the auditing procedure observing is least likely to be physical assets. physical asset can be regarded as item of economic, even exchange value which has a material existence. They are regarded asPhysical assets tangible assets. Example is properties, equipment,