When communicating significant deficiencies in internal control noted in a financial statement audit of a nonissuer, the communication should indicate that
A. The purpose of the audit was to report on the financial statements, not to provide assurance on internal control.
B. The deficiencies noted were not detected within a timely period by employees in the normal course of performing their assigned functions.
C. The expression of an unmodified opinion on the financial statements may be dependent on corrective follow-up action.
D. Fraud or errors may occur and not be detected because of the inherent limitations of internal control.

Answers

Answer 1
Answer is A!!! The purpose of the audit was to report on the financial statements not to provide assurance on internal control

Related Questions

At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number of bikes the company manufactures every year. This is Peyton Bike's maximum output. If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit, _____.

Answers

The statement "bikes shortage should be developed" is correct.

The following information should be considered:

In the case when the firm wants to sell the product at a lower price so there should be a product shortage.The demand and supply should not achieve at equilibrium.There is no inelastic demand that should be developed.The no of bikes generated should not be increased.

Therefore we can conclude that The statement "bikes shortage should be developed" is correct.

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How have people been lately good? bad? something else?

Answers

Answer:

People have been very bad lately

A client has a third-degree burn on the leg. The wound is being treated by the open method. After about 4 days, a hard crust has formed around the leg and is impairing the circulation to the leg. What procedure would be done to relieve pressure on the affected area?
A. escharotomy
B. debridement
C. allograft
D. silvadene application

Answers

your answer is third hope it's helpful to you

Allograft procedure would be done to relieve pressure on the affected area.

What is Allograft?

Allograft refers to the transplant of an organ or tissue from one person of the same species to another with a different genotype. For instance, an allograft is a transplant from one individual to another who is not an identical twin. Many human transplants, including those involving cadaveric, live related, and living unrelated donors, use allografts. also referred to as a homograft or an allogeneic graft.

Allografts can be used in a variety of conditions with varied degrees of severity. For instance, bone allograft transplants can be utilized for more cosmetic purposes in dentistry or plastic surgery, as well as to repair limbs in orthopedics.

Allograft transplants can be employed both during the operation and directly for the treatment of patients. A type of bone putty created from donated bone or tissue material is called a demineralized bone matrix. Musculoskeletal allograft transplants are the most popular kind of allograft transplants.

This relates to one of the primary justifications for the use of allograft transplants: synthetic materials can have characteristics that differ from those of biologically human tissue and may not be appropriate for the intended application. In addition, tissue from an allograft transplant usually fuses with the recipient's own tissue over time, becoming an indistinguishable component of the recipient's body. If one's own tissue cannot be used in sufficient quantities, allograft transplants may be employed.

Tissues can be prepared for allograft transplantation using a variety of techniques. To get rid of as many cellular components as feasible, the tissue is treated with antibiotics, and detergents during aseptic processing.

It is also possible to chemically sterilize allograft tissue using the sterilization process. Gamma irradiation, a type of electromagnetic radiation that purges the tissue of microorganisms, is frequently combined with this. However, viruses might not be eliminated by gamma radiation.

Hence, correct option is C.

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Which of the following is the best example of the use of automation?: (A) A garment sewn by an operator at a sewing machine. (B) A letter written by a secretary using a computer. (C) An automobile painted by a computer-directed robot on an assembly line. (D) A medical assistant drawing blood from a patient's arm.

Answers

Answer:

c

Explanation:

no humans

Eloise, a medical equipment sales rep, purchases a quick snack to eat on the way to work. She buys lunch while on the road visiting customers, and grabs bread and milk on the way home when she stops to buy gas. Eloise probably does the majority of this shopping at a

Answers

Answer:

convenience store

Explanation:

A convenience store is a retail store that usually sells a large range of everyday items to customers.

The amounts of these products are usually in small amounts (not wholesale).

Items sold could include drinks, coffee, snacks, over the counter drugs, milk, bread, and so on.

In the given scenario Eloise purchases a quick snack, lunch, bread,, milk, and gas during the day.

She is most likely making purchases from a convenience store

Only one situation exists in which I would be ready to invest in penny stocks: if the money is extra and represents a very small percentage of my entire portfolio, and I am willing to lose it completely. This is because penny stocks are shares in young firms that are still in the early stages of development. The rate of return on these stocks can be enormous, but they can also go bankrupt, causing you to lose all of your money just as quickly. As a result, they're extremely hazardous investments.

Answers

Answer:

Investment of excess funds is a good option to multiply the money. One can invest their savings which are not currently in use. The risk appetite of a person is assessed before it decides to invest money.

Explanation:

A person should never invest its full money. It should keep some money for emergency needs. Also it is needed to consider risk appetite of a person and his willingness to take risk in order to construct his portfolio. Returns are dependent on risk levels. More riskier investments will give more returns. Stocks are considered as riskier investments because a company may go bankrupt and you can loose all your money or on the other case there can be flourishing returns waiting for you.

what is Photosynthesis?

Freé points -,-

Answers

Answer:

photosynthesis is a process by which green plants prepare their own food with the help of sun light and chlorophyll.

Answer:

the process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water. Photosynthesis in plants generally involves the green pigment chlorophyll and generates oxygen as a by-product.

Leo's Lawncare purchased equipment on January 1. The cost was $15,000, and the equipment had a residual value [salvage value] of $5,000. The equipment was given a useful life of 10 years. After the end of two years, it was determined that the equipment would be obsolete in 5 more years and the residual value would still be $5,000. What will be the depreciation under the straight-line method to the nearest dollar be for the third year

Answers

Answer:

$1,600

Explanation:

The computation of the depreciation expense for the third year is shown below:

The yearly depreciation expense is

= ($15,000 - $5,000) ÷ $10

= $1,000

For two years is should be

= $1,000 × 2

= $2,000

Now the depreciation expense for the third year is

= ($15,000 - $2,000 - $5,000) ÷  5 years

=  $1,600

Explain the importance of leisure activities.

Answers

Answer:

leisure activities improve the productivity of people

Explanation:

if you feel stressed and then go to a water park, you will get less stressed right?

Exercise A. Answer the following questions. 1. What are the basic points to be considered while running the occupation? Give a short description for each of them.​

Answers

Answer:

basic pints to be conccedred wile running is u should drink water more and f##k more

Explanation:

Which of these correctly describes the statute of limitations as it applies to real estate? Unset starred question A wronged party can initiate a court action at any time after closing but before reselling the property. The buyer has the time between the inspection and closing to initiate a court action against the seller. There’s a time limit for a wronged party (buyer or seller) to initiate a court action. The seller has a limited time after closing to disclose any known defects with the property.

Answers

Answer:

There’s a time limit for a wronged party (buyer or seller) to initiate a court action.

Explanation:

The best statement that correctly describes the statute of limitations as it applies to real estate is the "There’s a time limit for a wronged party (buyer or seller) to initiate a court action."

This is evident in the fact that depending on the bone of contention or the main issues, there are certain but limited times required for the wronged party to go through litigation to resolve the issue.

For example in California, United States, there are Six Primary Statutes of Limitation apply in Real Estate Sales Transactions and Litigation and each has limited time with 4years of Limitations for Breach of Contract, and 2 years for Limitations for Actions Against a Real Estate Broker Agent, etc.

The invisible hand principle indicates that competitive markets can help promote the efficient use of resources Group of answer choices only if buyers and sellers really care, personally, about economic efficiency. even when each market participant cares only about their own self interest rather than about the overall efficiency of resource use. even if business firms fail to produce goods efficiently. if, and only if, businesses recognize their social obligation to keep costs low and use resources wisely.

Answers

Answer:

even when each market participant cares only about their own self interest rather than about the overall efficiency of resource use.

Explanation:

A capitalist economy also referred to as free-enterprise system, pure capitalism, or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a capitalist economy is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a capitalist economy is a type of economy that is completely driven by demand and supply of goods and services.

The invisible hand principle indicates that competitive markets can help promote the efficient use of resources even when each market participant such as producer and suppliers cares only about their own self interest rather than about the overall efficiency of resource use.

The "invisible hand" concept asserts that, the self-interest by producers and suppliers of resources in a market system will automatically promote the public interest as well.

This ultimately implies that, public and private interest will always coincide assuming there exist competition in a free market system.

In conclusion, the invisible hand concept is a metaphorical description of the unforeseen forces that typically moves a free market system or economy.

What is price index number?​

Answers

Answer:

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.

Generally, the price a consumer (buyer) would pay for goods and services are primarily being set by the seller or service provider.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Hence, it's a statistical value (number) that is typically used for expressing the price change of goods and services as a percentage of prices in a base year.

On a related note, the consumer price index (CPI) is a measure used to analyze and examine the weighted average or aggregate of prices of a basket of goods and services paid for by consumers such as medical, food, and transportation.

IS 100 POINTS will mark brainliest
Keep track of your income and expenses for one month. List all your assets and liabilities (debts owed) in a spreadsheet. Based on these documents, develop a monthly budget and a net worth statement.

Answers

Answer: Asset could be what you need for your business such as Land, equipment, ect... A liability is something that a person or company owes, such as money. Sometimes that money can be exchanged for good and/or property. I am doing this same assignment and you don't have a business so this is all imaginary

Explanation:

10. Publishing representatives who call on college professors to inform them of their company's new publications have a great deal of freedom in their jobs. They have only a general sales pitch, which they tailor as needed. Based on this information, we can say that the job of these publishing representatives ________.

Answers

Answer:

Scores low on degree of formalization

Explanation:

Degree of formalization of a process is the level to which the process is free of the personal input of the individual executing the process.

It implies that in high degree of formalization process execution is set and the same steps are followed by all participants.

In the given instance Publishing representatives have a great deal of freedom in their jobs.

They tailor their sales pitch as they see fit.

This shows a low degree of formalization in the sales process

Identify the true statements about materials requirements planning. (Check all that apply.) Multiple select question. It is considered a push system. It is used widely, especially in manufacturing. It is similar to kanban scheduling. It uses a time-phased schedule that is based on lead time. It solely considers the number of actual orders for the planning of material requirements.

Answers

Material requirements planning is simply used for the management of manufacturing processes.

The main aim of the materials requirement planning is that it helps in keeping production activities on track. Also, there's better inventory control and an improvement in scheduling.

Based on the options given, the true statements about materials requirements planning include:

• It is used widely, especially in manufacturing.

• It is considered a push system.

• It uses a time-phased schedule that is based on lead time.

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16. The ape ……………………. from branch to branch in search of food.
1) lopes 2) swings 3) swoops 4) leaps

Answers

Answer: swings

Explanation:

Answer:

swings

Explanation:

pls help
Your lifestyle desires should be a big part of choosing your career.

Is this statement true or false?


true

false

Answers

Answer:

True

Explanation:

You should incorporate your life desires into choosing a career choice because if you are not happy with your job or you don't feel fulfilled with what you are doing then you are only harming yourself mentally and sometimes physically by continuing to do something that doesn't fit with your desires.

A warranty in which the seller warrants that he or she has valid title to the goods he or she is selling and that the transfer of title is rightful is known as a warranty ________. of good title of no interference of no security interests against infringements

Answers

Answer:

of good title.

Explanation:

A good 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 good are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.

A warranty can be defined as a written promise or guarantee made by a manufacturer, lessor or seller about the identity or quality of goods and services or a property to a purchaser, promising him or her to repair or replace it if necessary within a specified time frame.

Hence, a warranty in which the seller of a good or service warrants that he or she has valid title to the goods he or she is selling and that the transfer of title is rightful is known as a warranty of good title.

A legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.

Historically, investments in the ________ have experienced the greatest returns.

Bond market
Real estate market
Stock market
Money market

Answers

Answer:

C. Stock market.

Explanation:

Stock market have experienced the greatest returns, even tho they are long term. ♥

Aesha works for a moderately priced running shoe manufacturer and while their products are lower in cost, there is a high degree of consumer pressure to create the best quality running shoes possible and to constantly innovate with new designs. Which aspect of Porter’s Diamond does this demonstrate

Answers

Answer:

Demand conditions

Explanation:

Demand conditions means the size and the nature of the customer base for the products that could result in innovation and the improvement related to the product.

Since in the given situation it is mentioned that their products contains less cost but they develop the best quality shoes also they innovate the products from time to time so this represent the demand conditions

A company has budgeted direct materials purchases of $290000 in July and $460000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: Wages Expense $80000 Purchase of office equipment 65000 Selling and Administrative Expenses 42000 Depreciation Expense 29000 The budgeted cash disbursements for August are

Answers

Answer:

$596,000

Explanation:

Calculation to determine what The budgeted cash disbursements for August are:

Wages Expense $80,000

Add Purchase of office equipment $65,000

Add Selling and Administrative Expenses $42,000

Add August budgeted direct materials $322,000

($460,000*.70)

Add July budgeted direct materials $87,000

($290,000*.30)

Budgeted cash disbursements $596,000

($80,000+$65,000+$42,000+$322,000+$87,000)

Therefore The budgeted cash disbursements for August are $596,000

Ludwig borrowed $700,000 for a
period of 2 years. His interest rate is
10%. How much interest will
Ludwig pay in all?
$[?]

Answers

Answer:

$140000

Explanation:

Principle = $700000

Rate = 10%

Time = 2 years

Simple interest = P x R x T / 100

Simple interest = 700000 x 10 x 2 / 100

Simple interest = 70000 x 2

Simple interest = $140000

Bryan works as a salesman for Jumbo Corp. Last year his sales target was $3 million. This year in an aggressive bid for growth, the company increased the sales quota for all its sales people to $5 million, although the market for Jumbo Corps products had slowed. In order to meet his target, Bryan bribed an official of a potential customer. The roots of his unethical behavior can be traced to ___ cultural differences in countries. varying ethical standards in different nations. unrealistic performance goals. strong personal ethics among employees.

Answers

Answer:

unrealistic performance goals.

Explanation:

Unethical action is defined as one that is carried out by an individual that is seen as wrong or outside of expected behaviour in a particular environment.

In the given scenario Bryan bribed an official of a potential customer.

However his action is as a result of the company increasing the sales quota from $3 million for all its sales people to $5 million.

This is despite the market for Jumbo Corps products having slowed.

The target was unrealistic driving Bryan to take the action he did

Capital budgeting decisions ______. Multiple select question. involve an immediate cash outlay in order to obtain a future return are day-to-day decisions made by managers require little or no thought before being made require a great deal of analysis prior to acceptance

Answers

Answer:

involve an immediate cash outlay in order to obtain a future return

require a great deal of analysis prior to acceptance

Explanation:

A capital budgeting decision refers to an investment and the financial commitement. If we considered a project so here the business is making the financial commitment and at the same time it invest in the longer period that have an influence on the future projects

So it is an instant cash outflow for gaining a future return and also have a great deal before accepting it

Labor and management at Leo Trucking cannot seem to agree upon a contract for the truck drivers. As each side contends that they are bargaining fairly, no agreement seems to be possible. The drivers are threatening to go on strike, and management knows that such a strike would prove to be costly. None of the parties involved in the dispute wants to reach a win-win agreement. They are each highly focused on their demands, which they would like to achieve, otherwise known as their ________ points. target tolerance focal distribution resistance

Answers

Answer:

resistance points

Explanation:

In simple words, The resistance level can be understood as the lowest point where a mediated settlement will be accepted. For a vendor, this implies the smallest number (minimum) or end result they are willing to take, whereas for a purchaser, it implies the highest number (upper limit) or bottom boundary they are willing to spend.

Thus, from the above we can conclude that the correct answer is resistance point.

If a business is using factors of production 100% efficiently, the plot will be on the curve. However, most business efficiency falls inside the
curve. Why is this?

A. They are not making efficient use of their factors
of production.

B. They are making over 100% efficient use of their
factors of production.

C. They are making inequitable use of their factors
of production.

Answers

Answer: A. They are not making efficient use of their factors of production.

Explanation:

Production Possibilities Curve helps in capturing opportunity cost and scarcity when an economy produces two goods or services.

It should be noted that the points on the interior of the PPC simply means that the economy is inefficient. The points on the PPC implies that the economy is efficient, while the points beyond the PPC simoky means that they are unattainable.

Based on the question, the production points inside the curve simply implies that the economy isn't producing at its comparative advantage, and therefore, they are not making efficient use of their factors of production.

Find out the municipal taxes you are subjected to. Calculate your average annual tax payments to your municipality.

(I'm not sure what this question for my online financial class is asking, can someone help?)

Answers

Answer:

I conducted an online research on the state of Virginia. The state of Virginia has 95 counties, 39 independent cities, and 190 incorporated towns. Only elected governing bodies can impose local taxes in this state of Virginia. A bulk of the local tax money comes from property taxes.

The following is the list of municipal taxes a consumer in all counties and cities of the state of Virginia is subjected to:

Items Tax Percentage Districts

Retail sales tax 0.7%

Occupancy tax 2.1% only for the Northern Virginia Planning District

Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the Northern Virginia Planning District

Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District

Restaurant meal 1%

Communication taxes 1.05%

Motor vehicle rental tax 4%

Explanation:

I conducted an online research on the state of Virginia. The state of Virginia has 95 counties, 39 independent cities, and 190 incorporated towns. Only elected governing bodies can impose local taxes in this state of Virginia. A bulk of the local tax money comes from property taxes.

The following is the list of municipal taxes a consumer in all counties and cities of the state of Virginia is subjected to:

Items Tax Percentage Districts

Retail sales tax 0.7%

Occupancy tax 2.1% only for the Northern Virginia Planning District

Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the Northern Virginia Planning District

Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District

Restaurant meal 1%

Communication taxes 1.05%

Motor vehicle rental tax 4%

In Sam's greenhouse operation, labor is the only short term variable input. After completing a cost analysis, if the marginal product of labor is the same for each unit of labor, this will imply that
A. the average product of labor is always equal to the marginal product of labor.
B. the average product of labor is always greater that the marginal product of labor.
C. the average product of labor is always less than the marginal product of labor.
D. as more labor inputs are used, the average product of labor inputs will fall.

Answers

Answer:

i think the answer is C. the average product of labor is always less than the marginal product of labor.

Explanation:

:)

Manufacturing cycle time is best defined as the: length of the work shift, expressed in minutes per day. time it takes a unit to move from one workstation to the next. time between the start of one unit and the start of the next unit. sum of all the task times to make one unit of a product. time from raw materials receipt to finished product exit.

Answers

Answer:

time from raw materials receipt to finished product exit.

Explanation:

Manufacturing cycle time is best defined as the "time from raw materials receipt to finished product exit."

To explain better, manufacturing cycle time is the overall time of process that covers the total duration it takes the final production of commodities to be made. That is beginning from the inception stage which is usually raw materials through its conversion stage and eventually into finished goods.

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Guys please help me solve this problem, yes I will mark brainliest 18-35+324USE BODMAS RULEthe answer should come 11 - Do you mind if I take a seat? - _____.A. No I mind B. No, do as you pleaseC. Yes, do as you please D. Yes, I dont mind Which of the following is NOT TRUE about the Qing Dynasty?A. Expanded China to its greatest extentB. Originally from ManchuriaC. Launched foreign expeditionsD. Wary of foreign trade The film's producer is sometimes considered its author, or auteur. A True B. False Write a sentence for each vocabulary word below:nutrientnutritionwellnesshospitalitycomfort foodsstress hormonepalateself-esteemcritical thinkingverbal communicationnonverbal communicationleadershipmanagement Help me pls!The polygons in each pair are similar. Find the scale factor of the smaller figure to the larger figure Nicolai Rimsky-Korsakov, the composer, wanted to create music that told stories. Do you think he was successful in Scheherazade? Why or why not? 15. PLEASE HELP MEA sports recreation company plans to manufacture a beach ball with a surface area of 7238 in.2 Find the radius of the beach ball. Use the formula A= 4\pir2, where A is the surface area and r is the radius of the sphere.A. 48 in.B. 24 in.C. 75 in.D. 576 in. A portfolio's return is the weighted average of each individual investment's return. However, a portfolio's risk is not the weighted average of each investment's standard deviation.a. Trueb. False Which sentence most clearly contains imagery please help I will mark your answer as brainliest!!!!Give the structural formula of CH3CH(CH3)CH3 magnetised hacksaw blade is cut into two pieces..can there be two poles on both sides?? what is the area of the triangle :// Hii, please help me with this question I keep getting an option that isn't there.A cylindrical piece of iron pipe is shown below. The wall of the pipe is 1.25 inch thick:The figure shows a cylinder of height 16 inches and diameter 6 inches.What is the approximate inside volume of the pipe?a. 88 cubic inchesb. 49 cubic inchesc. 142 cubic inchesd. 154 cubic inches The population of a city has increased by 27% since it was last measured. If the current population is 38,100, what was the previous population? =___ Design a ductile iron pumping main carrying a discharge of 0.35 m3/s over a distance of 4 km. The elevation of the pumping station is 140 m and that of the exit point is 150 m. The required terminal head is 10 m. Estimate the pipe diameter and pumping head using the explicit design procedure g A textbook store sold a combined total of 240 chemistry and history textbooks in a week. The number of chemistry textbooks soldwas two times the number of history textbooks sold. How many textbooks of each type were sold? x.(9x-1).(x+2)-x(3x-1).(3x+1) Can someone explain this to me please