The internal auditor’s role, with respect to operations and objectives and goals, includes:
Selected Answer: Determining whether underlying assumptions are appropriate.
Answers: Accomplishing desired operating program results.
Determining whether underlying assumptions are appropriate.
Establishing the operating goals and objectives to be met.
Developing and implementing control procedures.
Answers
The statement "Determining whether underlying assumptions are appropriate" is a correct answer regarding the internal auditor's role with respect to operations and objectives and goals.
Internal auditors play an essential role in evaluating a company's operations, and their main objective is to help ensure that the company achieves its goals effectively and efficiently. One of the ways an internal auditor helps achieve this goal is by examining the company's underlying assumptions. By reviewing the assumptions used to develop new products or services, enter new markets, or implement new initiatives, the internal auditor can determine whether these assumptions are appropriate or require adjustment.
This evaluation is important because incorrect assumptions could lead to poor decision-making, which may result in significant financial losses for the organization. Thus, the internal auditor must determine whether underlying assumptions are appropriate and provide recommendations to senior management if they are not aligned with the company's objectives and goals.
Therefore, the selected answer "Determining whether underlying assumptions are appropriate" is one of the responsibilities of the internal auditor's role with respect to operations and objectives and goals.
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Related Questions
the lower-of-cost-or-market rule requires a company to ________.
Answers
Answer:
value its inventory
Explanation:
In the lower of cost or market inventory valuation method, as the name implies, inventory is valued at the lower of original cost or market value.
When there is uncertainty about a company's ability to continue as a going concern, the auditor's concern is the possibility that the client may not be able to continue its operations or meet its obligations for a "reasonable period of time." For this purpose, a reasonable period of time is considered not to exceed:
Answers
As a college student, it is important to understand the role of auditors and their responsibilities when it comes to assessing a company's financial health. One of the key areas of concern for auditors is the company's ability to continue as a "going concern."
When there is uncertainty about a company's ability to continue as a going concern, the auditor's primary concern is the possibility that the company may not be able to continue its operations or meet its obligations for a "reasonable period of time."
The auditor must assess the company's ability to continue operating for the next 12 months, or until the next financial statements are issued, whichever comes first. This period of time is considered to be a "reasonable period of time" and is not meant to exceed 12 months from the date of the financial statements.
In conclusion, it is the auditor's responsibility to assess a company's ability to continue as a going concern and to determine if the company will be able to continue its operations or meet its obligations for the next 12 months. The concept of "reasonable period of time" is critical in this assessment and is limited to not exceeding 12 months from the date of the financial statements.
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Changes in inventories are included as part of investment spending because anything produced by a business that has.
Answers
What is business overview
Answers
Answer:
A company overview (also known as company information or a company summary) is an essential part of a business plan. It's an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.
Explanation:
Answer:
It is an essential part of a business plan. It's an overview of the most important points about your company.
Explanation:
Hope this helps!
A store advertises new TVs for $100 a month for six $600 in order to
A. encourage customers to buy more than one item
B. make a larger price tag look more manageable
C. make signage more attractive to shoppers
D. significantly reduce the amount of tax taken
Answers
Answer:
B. make a larger price tag look more manageable
Explanation:
A price tag of $600 may see a too high price for many customers. To eliminate the perception of a huge price/expensive TV, the store opts to spread the TV cost over six months. The customer will end up paying $600 for the TV( 6 x $100).
The $600 price tag may discourage some customers, which translates to a loss of sales. $100 for six months is attractive, pocket friendly and may generate many sales to the store.
The metrics based on financial numbers produced by the accounting system are ________.
a) quantitative factors
b) qualitative factors
c) stakeholders
d) stockholders
Answers
The metrics based on financial numbers produced by the accounting system are quantitative factors.
Quantitative factors are numerical outcomes from any decision which could be measured. These factors are commonly included in various financial analyses, which are used to evaluate any situation.
Managers are generally taught to rely on quantitative factors as a large part of their decision-making processes.
In other words, managers can easily quantify the effects of a decision. This could include measuring different costs, revenues, or even non-financial data for outcomes to a decision.
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Comparing can give us some sense of what the money multiplier is the monetary base to M2 M1 to M2 the monetary base to M1 the monetary base to fiat money Multiple Choice Surved
Answers
The monetary base to M1 can give us some sense of what the money multiplier is. The money multiplier is the ratio of the money supply (M2) to the monetary base (MB).
The money multiplier is calculated by dividing M2 by MB.
The monetary base is the most narrow measure of the money supply. It includes currency in circulation and bank reserves. M1 is a broader measure of the money supply. It includes currency in circulation, demand deposits, and other liquid assets.
The money multiplier is a measure of how much money is created by the banking system. The higher the money multiplier, the more money is created by the banking system.
The money multiplier is affected by a number of factors, including the reserve requirement, the level of economic activity, and the confidence in the banking system.
So, comparing the monetary base to M1 can give us some sense of what the money multiplier is. A higher ratio of M1 to MB indicates a higher money multiplier. This means that the banking system is creating more money.
The other options are incorrect. Comparing M2 to M1, the monetary base to fiat money, or M1 to fiat money will not give us any sense of what the money multiplier is.
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if the foreign exchange rate is the price in foreign currency for a dollar, then the exchange rate quotes is called
Answers
If the foreign exchange rate is the cost of buying a dollar in a foreign currency, the exchange rate quote is known to as an indirect quote.
What is meant by foreign exchange rate?The rate at which one currency can be converted into another is known as the foreign exchange rate. Currency pairs are always traded on the foreign exchange market, and exchange rates always involve two different currencies. Almost 90% of all currency exchanges in 2019 involved the U.S. dollar, according to data from the Bank for International Settlements, a financial organization that serves as a bank to central banks all around the world.
Currency rate adjustments can have a significant impact on the investment power of various markets because businesses are establishing larger international relationships and investors. Investors must understand how their investment will alter as their currency fluctuates. Multinational corporations often prepare all of their financial statements in a single reporting currency. For instance, US businesses must generate a balance sheet, an income statement, and other reports in US dollars.
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In a promotion mix, ________ occurs when firm's sales force make individual presentations to consumers for the purpose of making sales and building customer relationships.
Answers
In a merchandising blend, Personal purchaser interactions occurs while firm's income pressure make individual presentations to purchasers.
Relationship advertising refers to the advertising strategy of cultivating extra significant relationships with customers to make certain long-time period pleasure and emblem loyalty. relationship advertising is not approximately short-term wins or sales transactions — alternatively, it focuses on delighting customers for the lengthy haul.
The marketing helps inform consumers and business clients about the employer's products and services. ultimately, income reps call on customers or business customers to close the deal. Small organizations can also use either extra advertising or extra promoting, which in large part relies upon upon the nature of the agencies.
Three keys to building consumer family members:
apprehend and meet your customers' hierarchy of wishes. You can not create an real, long-lasting connection without information the alternative person. Prioritize consistency specially else. spend money on emotional connections, no longer just purchaser pleasure.learn more about customer relationships here: https://brainly.com/question/25656282
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If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answers
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
According to the paystub, what is the employees gross pay for the pay period?
Answers
Answer:
$720
Explanation:
As per the attached document, the employee's gross pay is $720. Gross pay is the earning for the period before any deductions. The employee worked for 40 hours at a rate of $18. The Gross income is $40 X 18, which is $720.
7.
Why must private ownership of property be guaranteed before a free market economy will work?
The government will retain too much power if there is a guarantee.
Entrepreneurs need to be assured that they will benefit from a successful project.
Without such a guarantee, criminals can steal the profits from a good business.
Unemployment will be too high for the private ownership to work without the guarantee.
Answers
Answer:
I think it would be either B or C
I can't tell between those too I'm sorry
which of the following is most likely to improve e-commerce in the world trade arena?
Answers
A well-developed website with numerous language options is most likely to enhance e-commerce in the global trade sector.
E-commerce, also referred to as online commerce, is the "creation, distribution, promotion, sale, or delivery of goods and services through electronic means." Any business, home, business, government, or other public or private institution can engage in an internet banking.
What part does e-commerce play in world trade?
All nations gain from the economy-wide development of online commerce. Short-term profits are probably dominated in wealthy nations, but in the long run, developing nations stand to gain more. E-commerce will result in a rise in the quantity of foreign trade.
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Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $11,440. The Office Supplies account had a $350 debit balance at the beginning of the year. During the year, $5,367 of office supplies are purchased. A physical count of supplies at December 31 shows $587 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,800 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $700 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. The company has a bank loan and has incurred (but not recorded) interest expense of $5,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.
Answers
Answer:
wages expense 8,000 debit
wages payables 8,000 credit
----------------------------------------------------
depreciation expense 11,440 debit
accumulated depreciation equipment 11,440 credit
----------------------------------------------------
supplies expense 5,130 debit
supplies 5,130 credit
----------------------------------------------------
Insurance expense 3,200 debit
Prepaid Insurance 3,200 credit
----------------------------------------------------
Interest Receivables 700 debit
Interest Revenue 700 credit
----------------------------------------------------
interest expense 5,000 debit
Interest payable 5,000 credit
----------------------------------------------------
Explanation:
We follow the accountign rinciples: Debit = Credit
And one line per account
and all accounts posted must have a balance
Additional calculations:
Supplies
beginning + purchase = used + ending
350 + 5,367 = used + 587
used supplies = 350 + 5,367 - 587 = 5,130
Insurance
Beginning unexpired - Ending unexired = expired
5,000 - 1,800 = 3,200
evaluate policies that governments in developed countries should pursue to reduce waste and encourage the recycling of waste products
Answers
Reuse.
Recycle.
Composting.
recycling energy from solid trash.
What actions should local governments take to enhance trash management and/or reduce waste production?For drinks on the go, use a reusable bottle or cup.
Use reusable shopping bags for more than just groceries.
Recycle and make smart purchases.
compost it
Avoid using single-use utensils and containers for meals and drink.
Purchase used stuff and donate your used items.
Why does the economy benefit from waste reduction?Recycling protects the environment, boosts our economy, and generates jobs. Sustainable Materials Management (SMM), a strategy that emphasizes the productive and sustainable use of materials over their full life cycle while limiting their environmental impacts, includes recycling as a key component.
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Though often treated as immovable constraints, __________ can sometimes be impacted by companies, particularly by achieving technology or competitive breakthroughs.'
Answers
Though often treated as immovable constraints, regulations can sometimes be impacted by companies, particularly by achieving technology or competitive breakthroughs.
For instance, Uber and other ride-sharing companies are an example of how businesses can disrupt and even change local transportation regulations. Before Uber and other ride-sharing companies, many cities and states enforced strict regulations on traditional taxi services.
However, with the arrival of these services, it became clear that the existing regulatory framework was insufficient. These ride-sharing companies leveraged technology to improve transportation and, in doing so, exposed the limits of traditional regulations. In the technology industry, companies are often involved in a race to develop new products and solutions. As a result, government regulation can be perceived as an impediment to innovation. However, some companies have found ways to work within these regulations or change them through lobbying efforts. For example, Tesla lobbied to change laws in certain states that prohibited direct sales of electric cars to consumers. This allowed the company to sell its vehicles directly to customers, bypassing the traditional dealership model.
In conclusion, regulations are not always immovable constraints. While they can be challenging to overcome, companies can often find ways to impact regulations, particularly by achieving technology or competitive breakthroughs. By doing so, they can help to create more innovation-friendly environments that benefit both businesses and consumers.
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Rgh enterprises is able to produce a wide line of garden tools and sells a high volume, and thus can capitalize on economies of scale and charge lower prices than its competitors. Rgh enterprises is using the ________ strategy.
Answers
Rgh Enterprise use a cost-leadership strategy. It can manufacture a wide range of garden equipment and sell in large quantities, allowing it to take advantage of economies of scale and charge lower costs than competitors.
A company's cost leadership strategy is based on its ability to reduce manufacturing costs while still offering high-quality products at competitive pricing. It is a good technique for huge corporations with significant purchasing power, but it is less effective for small enterprises.Cost leadership in business strategy refers to getting a competitive advantage by having the lowest cost of operating in the industry. Cost leadership is typically driven by firm efficiency, size, scale, scope, and collected experience.A company that practices cost leadership provides adequate quality and characteristics to a wide range of clients at a cheap cost. For example, Super Shoes sells low-cost name-brand footwear. Another example is Little Debbie snack cakes.Thus this is the answer of cost leadership strategy.
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I need Short Term, Med Term, and Long Term goals for a sports cleat business
Answers
Answer:
Short term: Try and sell the one pair of cleats that are used.
Med term: Try and sell Two pairs for a lower price like two pairs for $40
Long term: Try and sell all the cleats before you have to leave the store.
Explanation:
I like goals!
In 2010, the population of a city was 223,000. From 2010 to 2015, the population grew by 5%. From 2015 to 2020, it fell by 3%. How much did the population grow from 2010 to 2015, to the nearest 100 people?.
Answers
From 2010 to 2015, the population grew by 5%, which is 11,150 people to the nearest 100 people. Population refers to the number of people living in a specific geographic area, such as a country, state, city, or neighborhood.
Population can also refer to the number of individuals of a particular species living in a specific area. In general, population data is used to understand the demographics and characteristics of a specific area, as well as to make predictions about future population trends and patterns.
From the text we are informed that the population of a city was 223,000 in 2010. From 2010 to 2015, the population grew by 5%. From 2015 to 2020, it fell by 3%.
Hence, to determine the growth of population from 2010 to 2015 is:
223,000 x 0.05 = 11,150
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an example of a personal skill is
Answers
Answer:
Well, Personal skills refer to the inner abilities. Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.
Suppose the market for dry cleaning has an inverse demand of P = 10 â€" 0. 15Q and an inverse supply curve (MC) of P = 0. 05Q, where P is the price per article of clothing and Q is the quantity of clothing laundered. Suppose the external marginal cost of dry cleaning is $1. If the government tries to correct the negative externality by placing a $1 tax on each laundered piece of clothing, buyers will pay _____ and sellers will receive _____, net of the tax
Answers
With a $1 tax imposed on each laundered piece of clothing, buyers will pay $10.15 per article, while sellers will receive $9.85 per article, net of the tax.
The inverse demand curve for dry cleaning is given by P = 10 - 0.15Q, where P represents the price per article of clothing and Q represents the quantity of clothing laundered. The inverse supply curve (marginal cost) is given by P = 0.05Q. To correct the negative externality, the government imposes a $1 tax on each laundered piece of clothing, which is an external marginal cost.
With the tax, the new inverse demand curve becomes P = 11 - 0.15Q, where P represents the price per article of clothing including the tax. The sellers, however, receive the price net of the tax. Therefore, sellers receive P - tax = 11 - 1 = $10 per article. By equating the inverse supply curve to the net price received by sellers, we have 0.05Q = 10, which gives us Q = 200.
Substituting the value of Q into the inverse demand curve, we find P = 11 - 0.15(200) = $10. The tax is $1, so buyers pay P + tax = $10 + $1 = $10.15 per article. Sellers receive the price net of the tax, which is $10 - $1 = $9.85 per article.
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When should you start saving? After high school After college Right away After working for six months
Answers
Answer:
Right away would be the answer
Explanation:
Its right away becuase you need to save at a young age.
Some HR workers investigate possible company violations. Why is it important for these workers to reserve judgment and be impartial? Explain in your own words. Then, imagine a situation in which someone may NOT reserve judgment and/or may NOT be impartial. Describe that situation.
Answers
To ensure a fair and impartial investigation, HR employees investigating potential company violations must reserve judgment and remain impartial.
Why is it critical for these employees to exercise impartiality and reserve judgment?HR professionals can gather all relevant data, facts, and evidence if they are impartial, and then evaluate it without having any preconceived notions or personal biases. They are able to make sound decisions using this strategy rather than relying on their own irrational thoughts or feelings to make decisions.
A situation in which the HR worker conducting the investigation is personally connected to or has a close relationship with the accused party could indicate that the individual may NOT reserve judgment or be impartial.
In such a scenario, the HR employee may feel compelled to safeguard their friend or coworker, which may result in a biased investigation and a result that does not accurately reflect the situation. The HR department's impartiality and integrity could be questioned in this scenario, which would jeopardize the investigation.
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A building inspector favors concrete methods for solving problems over theoretical approaches and abstractions. What is likely to be this person’s predominant personality type?
artistic
enterprising
conventional
realistic
Answers
Answer:
The answer is realistic
Explanation:
I checked after getting it wrong
a family farm that has been passes down from generation to generation is an example of an event in a
command economic system
traditional economic system
mixed-market economic system
pure market economic system
Answers
Answer:
Traditional economic system
Explanation:
It is being passed down from generation to generation
Which of the following causes the master budget variance between the amounts in the master budget and the flexible budget of a revenue center?
A. The number of units sold differs from planned sales levels
B. The cost of sales
C. The selling price per unit
D. Both the selling price and the number of units sold
Answers
Answer:
A. The number of units sold differs from planned sales levels.
Explanation:
The difference in the master budget and flexible budget lies in the level of operation (sales units). That is the planned sales levels included in muster budget are usually different from the actual sales levels included in the flexible budget.
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
What do think about women getting less salary than men?
Answers
Answer:
You know in my opinion if this world was really considered fair than humans beings wouldn't be paid different just because of their gender, i'd say girls can pretty much do anything guys can do hands down. But in reality girls just never get their shot to prove instead we get paid less, treated differently, and judged.
an advantage of the use of computers to maintain and compile accounting information is ______.
Answers
Answer:
Speed
Explanation:
an advantage of the use of computers to maintain and compile accounting information is speed.
From 2011 to 2018, ESPN lost 14 million cable tv subscribers, costing the company over a billion dollars annually
Answers
From 2011 to 2018, ESPN lost 14 million cable tv subscribers, costing the company over a billion dollars annually. Thus, the given statement is false.
What was the loss of ESPN?ESPN has long served as a symbol of the cable and broadcast industries' insensitivity to cord-cutting and changes in the TV market. Executives sued businesses that aimed to provide customers with more choice in how they saw video material after years of downplaying the trend as something only the poor did.
Surveys suggest that 56% of customers would quickly sever ties with ESPN if it meant saving the $8 per month they pay for the channel. Clearly, ESPN executives assumed cord-cutting was little more than a fad that would simply end once Millennials started having children.
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