Following are six situations that involve the audit risk model as it is used for planning audit evidence requirements in the audit of inventory
Answers
In the audit risk model, low, medium, and high refer to the levels of risk associated with acceptable audit risk, inherent risk, control risk, and planned evidence.
The planned detection risk and planned evidence can be categorized as low, medium, or high based on the level of assurance required by the auditor.
Acceptable Audit Risk: Low acceptable audit risk means that the auditor is not willing to accept a high level of risk that the financial statements are materially misstated. Medium acceptable audit risk indicates a moderate level of risk tolerance, while high acceptable audit risk suggests a greater willingness to accept the risk of undetected material misstatements.
Inherent Risk: Low inherent risk implies that there is a low likelihood of material misstatements in the financial statements. Medium inherent risk suggests a moderate likelihood, while high inherent risk indicates a higher probability of material misstatements due to factors such as complex transactions, industry-specific risks, or volatile economic conditions.
Control Risk: Low control risk means that the internal controls implemented by the entity are effective in preventing or detecting material misstatements. Medium control risk implies a moderate level of reliance on internal controls, while high control risk suggests a lack of reliance due to weak or ineffective controls.
Planned Detection Risk: Planned detection risk is the risk that the audit procedures will fail to detect material misstatements. It can be set at a low, medium, or high level depending on the desired level of assurance required by the auditor.
Planned Evidence: Planned evidence refers to the nature, timing, and extent of the audit procedures to be performed. The level of planned evidence can be categorized as low, medium, or high based on the auditor's judgment of the risks involved and the desired level of assurance.
Effect of Changing Factors:
Decrease in Acceptable Audit Risk: A decrease in acceptable audit risk would result in the need for a higher level of assurance, leading to an increase in planned detection risk and a corresponding increase in planned evidence.
Decrease in Control Risk: A decrease in control risk would indicate a higher level of reliance on internal controls, resulting in a decrease in planned detection risk and a corresponding decrease in planned evidence.
Decrease in Planned Detection Risk: A decrease in planned detection risk means the auditor is planning to obtain a higher level of assurance from substantive procedures. This would lead to an increase in planned evidence.
Decrease in Inherent Risk: A decrease in inherent risk would suggest a lower likelihood of material misstatements, allowing the auditor to reduce planned detection risk and, consequently, planned evidence.
Decrease in Inherent Risk and Increase in Control Risk: If inherent risk decreases and control risk increases by the same amount, the overall risk assessment may remain relatively constant. However, the auditor would need to adjust planned detection risk and planned evidence based on the specific circumstances to achieve the desired level of assurance.
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Related Questions
Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.
Answers
The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
What is meant by the term control standard?This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.
It helps in the comparison of the subsequent performance with the performance that used to exist.
Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
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A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because
Answers
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.
What do you mean by gross pay?Gross pay refers to the amount received by the employee without any tax deductions.
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.
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how do basic level occupation help society
Answers
Answer:
A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment ("for a living"). Many people have multiple jobs (e.g., parent, homemaker, and employee). A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent. The duration of a job may range from temporary (e.g., hourly odd jobs) to a lifetime (e.g., judges).
Basic level occupation can help our society in many ways. One of them is agricultural. A further explanation is provided below.
Agriculture would be essential employment across the globe even though it's the foundation or the core of all certain vocations, even though people must live.Otherwise, there'll be no significant population for any other activity, resulting in highly impoverished as well as uneducated people throughout the planet."
There are many jobs that a person can do like employee, homemaker, etc. A person can start his career with such jobs.
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In 2008 and 2009, the _____ became the forum though which major nations attempted to launch a coordinated policy response to the global financial crisis, which started in America.
Answers
In 2008 and 2009, the Group of Twenty (G20) became the forum through which major nations attempted to launch a coordinated policy response to the global financial crisis, which started in America.
The G20 is an international forum composed of 19 countries and the European Union, representing the world's major advanced and emerging economies. The G20 meets annually to discuss issues related to international economic cooperation and decision-making, with a particular focus on financial and economic issues. During the global financial crisis, the G20 played a key role in coordinating policy responses among its member countries, including fiscal stimulus measures, financial regulation, and efforts to stabilize financial markets. The G20 continues to meet regularly to address ongoing economic and financial challenges facing the global economy.
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Lisa loves to draw and has a good eye for what is visually appealing. She wants a job where she can work independently, and possibly be self- employed. Which marketing position best matches her interests and career goals? A. Logistician B. Marketing research analyst O C. Sales representative D. Graphic designer
Answers
Answer:
D. Graphic designer
Explanation:
Graphic designers use visual arts such as images, words, and graphics to communicate with their audience. They may use hand or computer software to create captivating messages that inform, inspire, and attract customers' attention.
The objective of marketing is to make customers interested in the company's products. Graphic designers can use their talents to create charming visual arts to make customers want to buy a company's products. Graphic designers can be employed, but the majority work as independent contractors. Lisa has the skills to be a graphic designer. She can practice her talent as a self-employed individual.
Answer:
Graphic designer
Explanation:
I just did it
Jared had studied extremely hard for his math test and believed he had understood the material and memorized the formulas. As he entered the classroom and sat at his desk, he began to worry. He was fearful that he had not prepared enough to do well on the test. The tests were passed out, and he turned his over to begin. As he read the first question, he panicked and his mind went blank. He had a classic case of test anxiety. Which of Jared’s anxiety reactions was physical? He panicked. He began to worry. He was fearful. His mind went blank.
Answers
Answer:
He began to worry.vvv
Explanation:
Answer:
"(A)" not 100% percent sure but I'm 99.9 percent sure it's right because I am very confident in my decision
Explanation:
tell me in the comments if it's right, if it's wrong I'll change my answer as soon I notice but please don't hate because this is what I think
Can anyone give me some tips on how to become a successful businesswoman
Answers
the board of directors is charged with protecting the rights of
Answers
Answer:
the organization's assets and member's investment.
The board of directors is charged with protecting the rights of the organization's assets and member's investment.
What is member's investment?Investor Members, also known as "Subscribers," are Members who have contributed capital to the company. Brokerage accounts, Individual Retirement Accounts, education accounts, and employer-sponsored retirement plans are the four main types of investment accounts available to U.S. investors who want to achieve financial goals by investing in stocks.
Included among our 200+ full members are independent niche providers, independent stand-alone investment management companies, retail banking and investment banking conglomerates, and occupational pension plan managers.
Thus, organization's assets and member's investment.
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If you were a business owner, which one would be more important to you (making money or being happy)?
Answers
Answer:
being happy
Explanation:
Answer:
being happy
Explanation:
Becuase if you just work to get money and your not happy gtthen your not doing it becuase you like it.
5
Tina plans to buy her first car, but she has no credit history. The bank will give her a loan if she has a co-signer. How can Tina MOST accurately
and efficiently meet their request?
Answers
Answer:
FInd a co-signer with equivalent credit score.
Explanation:
Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.
Answer:
Ask her mother to join a credit union with her.
Explanation:
How cross-cultural differences influence Netflix performance
with specific examples, and it must be written in a
problem-solution format
❏ Outlined main dimensions of Netflix cross-cultural
differen
Answers
The cross-cultural differences affect Netflix's performance. Outlined the main dimensions of Netflix's cross-cultural differences. Culture is defined as the values, customs, and behaviors shared by a group of individuals that have been transmitted from one generation to the next.
Because Netflix operates in a variety of countries, it is influenced by different cultural values and expectations. As a result, understanding cross-cultural differences is critical to Netflix's success. The following are the primary dimensions of Netflix's cross-cultural differences:
1. Netflix is accessible in over 190 countries, and the platform is available in various languages. In various cultures, people have distinct idioms and phrases that are frequently used. As a result, it's critical that Netflix take these cultural differences into account when translating its platform into various languages.
2. Netflix provides original programming and also acquires programming from other studios and networks. Different countries have different preferences for entertainment and storytelling. As a result, Netflix must acquire or produce programming that appeals to local audiences' tastes and preferences.
3. Netflix must follow the norms of the culture in which it operates. Certain content may be taboo in some countries or cultures, or the content may be too liberal or conservative for certain cultures. It is critical for Netflix to understand these norms and develop programming that adheres to them.
4. In various countries, business practices are not the same. Netflix must comprehend how business is conducted in each country where it operates to be successful. For example, if Netflix is launching in a country where it is customary to bargain with vendors, it must do so in order to build trust with local business partners.
5. Netflix must adhere to the regulations of the countries in which it operates. For example, if a country censors certain content, Netflix must either remove it or find ways to make it accessible to the local audience while adhering to the regulations.
6. Netflix's user interface must adapt to local customs. The content hierarchy and design of the platform may need to change to make it more user-friendly to local audiences. For instance, in Japan, Netflix offers a "TabeTomo" feature that allows users to watch programming while simultaneously learning how to prepare dishes inspired by the show. This feature has been well-received in Japan, where food is a significant aspect of the culture and daily life.
Another example is Netflix's acquisition of the South Korean drama series "Kingdom," which has been a huge hit not only in South Korea but also in other countries. This is because it caters to both the South Korean market and international audiences by incorporating popular Korean storytelling elements.
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What are the causes of accident in work places?
What are the effects of the accidents in organizations?
How can you prevent accidents in organizations?
i Need more explanation on each and every point please
Answers
Workplace accidents occur due to several reasons and can have detrimental effects on both employees and organizations. Preventing such accidents is vital, and the measures taken can go a long way in ensuring a safe working environment.
Causes of Accidents in WorkplacesInadequate employee training: A lack of training, or insufficient training, can cause employees to make mistakes that could lead to accidents or injuries.Hazardous working conditions: A workplace with unsafe equipment or inadequate safety features can pose significant risks to employees' health and safety.Inappropriate attire: Failure to wear protective gear, especially in industries that require personal protective equipment, can lead to accidents in the workplace.Fatigue: When workers are fatigued or overworked, it can impact their alertness and productivity.
This can lead to mistakes that may result in accidents in the workplace.Effects of Accidents in OrganizationsAccidents in the workplace can have detrimental effects on both employees and organizations. The following are some of the potential impacts:Injuries to employees, which can lead to lost productivity and increased medical costs.Legal action against the organization due to employee injuries or fatalities.
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a recent research signified the large health benefits of eating cooked tomatoes. holding other things constant, this will cause a. the demand curve for tomatoes to shift to the right b. the demand curve for tomatoes to shift to the left c. the supply curve for tomatoes to shift to the right d. the supply curve for tomatoes to shift to the left
Answers
The recent research highlighting the health benefits of eating cooked tomatoes would likely cause the demand curve for tomatoes to shift to the right. Option a is correct.
This is because the increased awareness of the health benefits would lead to a higher demand for tomatoes, as more people would be inclined to consume them. However, it would not affect the supply curve for tomatoes, as the supply is determined by factors such as production and availability, which are not directly influenced by health benefits.
Therefore, the correct answer would be option A, the demand curve for tomatoes would shift to the right.
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Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the Consumer Financial Protection Board’s school comparison tool and decides to input her numbers Qualifies for in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7. 9% How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be?
Answers
Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.
Megan, a resident of a San Jose suburb, is considering attending either San Jose State University or Santa Clara University. As she prefers living on campus rather than with her parents, Megan decides to utilize the Consumer Financial Protection Board's school comparison tool to evaluate her options. She qualifies for outside scholarships won through an essay contest and has $1,500 in savings to contribute towards tuition. Her parents are unable to provide financial assistance. Megan secures $3,000 in Perkins loans, $3,000 in Federal Subsidized loans, and $2,500 in Federal Unsubsidized loans. To cover the remaining balance, she plans to take out private loans with an interest rate of 7.9%.
At graduation from San Jose State University, Megan's total debt is estimated to be the sum of her loans, which amounts to $10,000 in Perkins loans, $3,000 in Federal Subsidized loans, $2,500 in Federal Unsubsidized loans, and the private loans she takes out. The debt from private loans will depend on the amount Megan borrows.
To determine Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.
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A blind help-wanted ad is usually for door-to-door salespeople.
True or False
Answers
It seems very unlikely that a blind person would go door to door to ask for help.
What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answers
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
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What is the role of the franchiser when a franchise is purchased?
Answers
Answer:
The franchisor owns the brand and the operating system that they license to their franchisees. ... The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.
Answer:
The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What is the richest person in the world right now?
What is the best money making job in the U.S?
Can you get your job back after getting fired?
Answer all please.
Brainliest included.
Thank you.
Answers
2: I would say a doctor or pilot?
3: Yes you can. However, it will be difficult trying to convince your employer.
According to one of the ten principles of economics that we discussed, the standard of living in a country is most closely tied to its?
Answers
Principle 10: Society is facing a short-run crisis. Inflation-unemployment trade-off[modifier | modifier le wikicode] Inflation occurs when the government increases the amount of money in the economy.
Another effect, at least in the near run, is lower unemployment. Income, employment prospects, the cost of products and services, and poverty are all easily quantifiable indicators of one's standard of living. Life expectancy, inflation, and the number of paid vacation days people receive each year are also considered. At its most fundamental, economics tries to explain how and why we make the purchases we do. Scarcity, supply and demand, costs and benefits, and incentives are four essential economic ideas that can help explain many human actions.
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Question #5
Multiple Choice
include businesses that buy products or services from another business to help produce products or services for their own
business to sell.
O Consumer markets
O Industrial markets
O Markets
None of the above
Answers
Answer:
I think industrial markets
COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answers
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
Managers use corporate-level strategy to identify which industries a company should compete in to maximize long-run profitability. group of answer choices
a. true
b. false
Answers
True. Managers use corporate-level strategy to identify which industries a company should compete in to maximize long-run profitability.
Managers use corporate-level strategy to make decisions regarding which industries a company should compete in to maximize long-run profitability. Corporate-level strategy involves identifying and selecting the industries or markets in which a company wants to operate. It entails assessing the potential for growth, profitability, and competitive advantage within different industries and making strategic choices accordingly.
Corporate-level strategy helps determine the scope and direction of a company's activities, including diversification, expansion, or consolidation efforts. By evaluating various industries and considering factors such as market attractiveness, competitive dynamics, core competencies, and resource allocation, managers can make informed decisions on where to focus their company's resources and capabilities.
Choosing the right industries or markets to compete in is crucial for long-term profitability and sustainability. It involves understanding the company's strengths, weaknesses, opportunities, and threats in relation to different industry environments. By aligning the company's capabilities with the strategic choices made at the corporate level, managers can position the company for success and maximize its overall profitability in the long run.
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4. What are some of the things that could happen on the job that would cause me to resign?
Answers
Answer:
Some of the things that could happen on the job that would cause you to resign are:
A toxic work environment. If you are constantly feeling stressed, anxious, or unhappy at work, it may be time to resign. A toxic work environment can have a negative impact on your physical and mental health, and it can make it difficult to be productive.A lack of opportunities for growth. If you feel like you are not learning or growing in your current role, you may be ready to move on. A lack of opportunities for growth can lead to boredom, frustration, and a feeling of stagnation.Unrealistic expectations. If your employer is constantly setting unrealistic expectations, it can be very difficult to meet them. This can lead to stress, anxiety, and burnout.A lack of support from your manager. If you feel like your manager is not supportive of you or your work, it can be very difficult to be successful in your role. A lack of support can make it difficult to ask for help when you need it, and it can make you feel like you are not valued.A change in the company culture. If the company culture changes in a way that you do not agree with, it may be time to resign. A change in company culture can make it difficult to fit in, and it can make you feel like you are no longer a good fit for the company.A personal reason. Sometimes, you may need to resign from your job for a personal reason, such as a family emergency or a health issue. If you are facing a personal crisis, it is important to put your own needs first.Prepare a monthly and yearly budget for Bill and Maura Jones based on the following information. They plan
on putting $50 into a college fund.
Net paychecks total = $1,555 monthly
Average monthly expenses:
Rent
$450
Utilities
$ 80
Gasoline
$ 70
Insurance
$ 90
Clothing
$ 50
Groceries
$300
Car payment $190
Car Maintenance
$ 50
Telephone
$ 25
Entertainment and Recreation $100
Gifts and donations $ 10
Personal care
$ 25
Miscellaneous $ 50
Savings - To be determined
Answers
Answer:
it is c on usa
Explanation:
The Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570. In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.
To establish an annual and monthly budget for the Jones, taking into account the expenses raised, the following calculation must be performed:
All the expenses must be added, and thus the monthly budget is obtained. It must be multiplied by 12 to obtain the annual budget. 50 + 450 + 80 + 70 + 90 + 50 + 300 + 190 + 50 + 25 + 100 + 10 + 25 + 50 = X 1,540 = X 1,555 x 2 = 3,110 3,110 - 1,540 = 1,570
Thus, the Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570.
3,110 x 12 = 37,320 1,540 x 12 = 18,480 1,570 x 12 = 18,840
In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.
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Is your name ariel? cus we mermaid for each other
Answers
Answer:
If I could rearrange the alphabet, I’d put ‘U’ and ‘I’ together.
Explanation:
good thing i got my library card, because im checking you out
Bina Co. purchased a vehicle on January 1st for $15,000 and estimates it will use the vehicle for eight years with a $3,000 salvage value. Using the double
declining-balance depreciation method, compute the vehicle's second year depreciation expense.
O $3,750.00
O $3,000.00
O $2,812.50
O $2,250.00
Answers
Using the double declining-balance depreciation method, the vehicle's second year depreciation expense is: $2,812.50.
Second year depreciation expense
First step is to calculate the first year depreciation expense
First year depreciation expense=15,000×(100%/8 x 2)
First year depreciation expense=15,000 x 25%
First year depreciation expense=3,750
Second step is to calculate Second year depreciation expense
Second year depreciation expense = (15,000-3750) x 25%
Second year depreciation expense=11,250x 25%
Second year depreciation expense =2812.50
Therefore Using the double declining-balance depreciation method, the vehicle's second year depreciation expense is: $2,812.50.
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What are the disadvantages of a closed economy?
Answers
A closed economy is an economic system in which trade with other countries is restricted or prohibited. This means that the country is self-sufficient and relies solely on domestic production to meet its needs.
There are several disadvantages to a closed economy:
Limited access to resources: A closed economy may not have access to all the resources it needs to produce goods and services. This can lead to shortages or higher costs for certain goods.
Limited access to technology: A closed economy may not have access to the latest technology and innovations that are developed in other countries. This can make it difficult for the country to remain competitive and may limit its economic growth.
Limited market size: A closed economy has a smaller market for its goods and services, which can limit the potential for economic growth and development.
Lack of specialization: A closed economy may not have the opportunity to specialize in certain industries or sectors, which can lead to inefficiencies and a lack of competitiveness.
Lack of diversification: A closed economy may be more vulnerable to economic shocks and fluctuations, as it does not have the diversification of a more open economy.
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When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by the book value of the stock. market price of the stock. stated value of the stock. par value of the stock.
Answers
When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by market price of the stock.
What is common stock?Common stock is a type of stock, issued to those who have majority of shares in a company.
The reason is that the total cost of the plant is divided by the stated value of the stock, and then the resultant number of common stock.
Hence, when a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by stated market price of the stock.
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1. Name an automobile model that is positioned to satisfy customers' need for high quality
and status. Then name an automobile model that is positioned to satisfy a need for
inexpensive transportation. Describe the type of consumer who would buy each of the
brands you name. Explain how the automakers of the models you have chosen use
product features, branding, and positioning to make their products "stand out" from
others and differentiate them in the marketplace.
Answers
Answer:
1. An automobile model that is positioned to satisfy customers' need for high quality and status is the Mercedes-Benz S-Class.
2. An automobile model that is positioned to satisfy a need for inexpensive transportation is the Nissan Versa.
3. The consumer who would buy this brand is typically someone who is budget-conscious, looking for a reliable mode of transportation and prioritizes fuel efficiency.
4. Mercedes-Benz emphasizes the luxury and high-performance aspects of its vehicles, using sleek and stylish design, advanced technology features, and premium materials in its marketing campaigns. They position themselves as a symbol of status and luxury, appealing to those who want the best in terms of quality and performance.
Nissan, on the other hand, emphasizes the affordability and practicality of their vehicles, positioning themselves as a practical choice for those who are budget-conscious and value fuel efficiency. They use marketing campaigns that focus on the practical features of their vehicles, such as their low cost of ownership and fuel efficiency, as well as emphasizing their reliability and safety features.
Explanation:
Mercedes-Benz and Nissan use different product features, branding, and positioning strategies to appeal to different segments of the market. Mercedes-Benz appeals to those who value luxury and status, while Nissan appeals to those who value affordability and practicality. By using different strategies to differentiate themselves in the marketplace, they are able to capture the attention of different consumer segments and stand out in a crowded automotive market.