The value of stock based on this information $30.769. is The value of the stock based on this information can be calculated using the dividend growth model. This model assumes that the stock price is the present value of all future dividend payments.
The formula for this is stock price = D1 / (r - g), where D1 is the dividend just paid (2.54 in this case), r is the required rate of return (9.84%), and g is the long-term expected growth rate of dividends (6.12%). Plugging these values into the formula yields a stock price of $30.769. The dividend growth model is a useful tool for valuing a stock because it captures the idea that stockholders are mainly interested in the dividend payments they receive from their investments.
To know more about value of stock click here
https://brainly.com/question/18648241
#SPJ4
If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
A yield can be paid in the form of?
Answer:
both a and b
Explanation:
Suppose there are three massage therapists, with a supply schedule that indicates their willingness to supply massages at various prices. What is the market quantity of massages supplied at $60, and does this supply schedule follow the law of supply?
The quantity of massages supplied at $60 is 29. And that supply schedule follows the law of supply because the total quantity supplied increases as the price per massage increases: 18 at $40, 29 at $60 and 42 at $80.
Based on the table in the image that attached,
At $40 per massage:
Tracey is willing to supply 5 massages, Kira is willing to supply 10 massages Peter is willing to supply 3 massages, Total willing supply for market at $40 = 5+10+3 = 18At $60 per massage
Tracey is willing to supply 8 massages, Kira is willing to supply 15 massages Peter is willing to supply 6 massages, Total willing supply for market at $60 = 8+15+6 = 29At $80 per massage
Tracey is willing to supply 13 massages, Kira is willing to supply 20 massages Peter is willing to supply 9 massages, Total willing supply for market at $80 = 13+20+9 = 42Here you can learn more about massages supplied https://brainly.com/question/14800563
#SPJ4
a. jerome has a beautifully landscaped front lawn with lots of colorful flowers. landscaped lawns produce a externality. landscaped lawns exist relative to the socially efficient quantity. b. dave takes advantage of the low price of gas to purchase a sports utility vehicle. sports utility vehicles generate a externality. sports utility vehicles are produced relative to the socially efficient quantity. c. susan decides to walk to work instead of driving. walking to work creates a externality. walks to work exist relative to the socially efficient quantity. d. anita decides to smoke a cigarette while she is waiting at a busy bus stop. cigarettes create a externality. cigarettes are produced relative to the socially efficient quantity.
Option A Jerome has a beautiful well-kept front garden with many colorful flowers. A well-maintained lawn creates an externality A well-maintained lawn exists relative to a socially efficient crowd.
Socially efficient prices and quantities are those that occur in a perfectly competitive market. This occurs when the marginal cost equals the demand, at price B and quantity Y. This means that all possible mutual benefit deals could have been made.
This is the optimal allocation of resources in society, taking into account all external and internal costs and benefits. Social efficiency occurs at outputs where marginal social utility (MSB) = marginal social cost (MSC).
Learn more about Social efficiency here
https://brainly.com/question/28444760
#SPJ4
vocational collages often
Offer courses that give practical instruction and training for particular professions or trades. These courses might be diploma or certificate programmes that can be finished faster than a conventional degree.
What exactly is a brief training course?Classes or programmes that span between one day and two years are considered short-term training. You might be able to acquire a job, a promotion, or more money if you do. Programs for short-term training frequently vary as organisations seek out new certifications and skills.
What are courses leading to a quick certification?Courses for Digital Marketing Certification Courses for Cyber Security Certification Courses for Artificial Intelligence Certification Business Analytics Training Programs Courses for Data Science Certification Courses for Cloud Computing Certification Courses for Machine Learning Certification view all of our certification programmes.
To know more about trades visit:-
https://brainly.com/question/29636902
#SPJ1
What do fulfillment centers do
Answer:
Fulfillment centers handle the logistics required to get an order to a customer's doorstep, eliminating the need for you to package, address, and ship each order yourself.
Explanation:
Hope this is what you were looking for!!!
Have a nice day
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Ivywood Country Club recently hired Spencer to find additional resources, make major decisions involving membership, and develop ideas for new swag to be sold in the pro shop. What unique skill did the club MOST likely need when they hired Spencer?
capital capacity
labor talent
entrepreneurial ability
Answer:
entrepreneurial ability
Explanation:
Entrepreneurial ability is the capacity to understand every aspect of a business. It entails combining a range of technical, management, and personal skills. Entrepreneurial ability incorporates creativity, ambition, determination, teamwork, risk management, and a sense of responsibility.
Spencer must have Entrepreneurial abilities; that's why the club hired him. The club believes that his creativity and determination will be useful in finding additional resources. Spencer can recognize, attract, and retain talent. Entrepreneurial abilities involve taking over a business that already exists and making it better.
Which of the following is an intangible noncurrent asset?
Answer:
Trademark
Explanation:
Barnegat Light sold 100,000 shares in an initial public offering. The underwriter's explicit fees were $50,000. The offering price for the shares was $20, but immediately upon issue, the share price jumped to $30. What is the best estimate of the total cost to Barnegat Light of the equity issue
The best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.
In addition to the explicit fees of $50,000, we should also take into account the implicit cost incurred to Barnegat Light from the underpricing in the IPO. The underpricing is $10 per share, implying total costs of $1,000,000.
Calculation for What is the best estimate of the total cost to Barnegat Light of the equity issue-:
Total cost = $50,000 + ($30 - $20)1,000,000 shares
Total cost = $50,000+($10)1,000,000 shares
Total cost = $50,000+$1,000,000
Total cost =$1,050,000
Therefore the best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.
Learn more about Initial Public Offering (IPO)on:
brainly.com/question/15738101
#SPJ4
Cohen company is calculating its equivalent units of production for conversion costs. There are 5,000 units of ending work in process inventory at 80% completion with respect to conversion. 45,000 units were transferred out to the next department during the period. There were no units in work in process inventory at the beginning of the month. All materials are added at the beginning of the process, and conversion costs are incurred evenly throughout the process. What are the equivalent units of production for conversion for the period? 50,000 44,000 4,000 49,000
The equivalent units of production for conversion costs are calculated by taking into account the units completed during the period and the equivalent units of production for units that are still in process at the end of the period.
In this case, the units completed during the period are 45,000 units.
To calculate the equivalent units of production for the units in ending work in process inventory, we need to first calculate how much of these units are considered complete with respect to conversion costs.
We are given that there are 5,000 units of ending work in process inventory at 80% completion with respect to conversion costs. This means that 4,000 units are considered complete (80% x 5,000 units).
The equivalent units of production for conversion costs for the period is therefore the sum of the completed units and the units transferred out, which is:
Equivalent units of production = completed units + units transferred out
Equivalent units of production = 4,000 units + 45,000 units
Equivalent units of production = 49,000 units
Therefore, the equivalent units of production for conversion for the period is 49,000. Answer: 49,000
To know more about conversion costs click here:
brainly.com/question/14619798
#SPJ4
part of logistics is movement of goods within a manufacturing facility, and that movement is part of
Part of logistics is the movement of goods within a manufacturing facility, and that movement is part of inventory management. This is a part of stock management.
What is Inventory management?Field inventory management, often known as inventory management, has the job of comprehending the stock mix of a corporation and the varied demands on that stock.
Businesses may decide which goods to order when and at what amounts by using inventory management. Inventory is monitored from product purchase through the sale. To guarantee there is always adequate inventory to fulfill client orders as well as proper notice of a shortfall, the technique recognizes trends and reacts to them.
Making sure there are enough products or materials on hand to satisfy demand without overproducing inventory is the main goal of inventory management.
Learn more about inventory management here:
https://brainly.com/question/17888344
#SPJ1
Suppose the following table shows the components of aggregate expenditure for an economy when disposable income is $400 billion and when it is $500 billion:
Disposable Income
$400 billion $500 billion
Consumption $300 billion $400 billion
Investment $100 billion $100 billion
Government Purchases $175 billion $175 billion
Net Exports $200 billion $180 billion
Aggregate Expenditure $775 billion $855 billion
On the following graph, use the blue curve to plot investment as a function of disposable income:
According to the table, investment is:
a. Autonomous with respect to disposable income
b. Responsive to changes in interest rates
c. Responsive to changes in business expectations
d. Correlated with consumption
A terrorist attack that makes business forecasts more pessimistic would cause the investment function you drew previously to
Options: slope upward; shift up; shift down; slope downward
The correct option is (B) Responsive to changes in interest rates
Investment in economics refers to the acquisition of capital goods for use in the creation of commodities and services. Demand for investments might alter due to a variety of reasons, including the real interest rate, production costs, taxes, adjustments in inventories, and expectations.
According to the table, investments total $100 billion, compared to $400 billion in available income. Investment stays the same while disposable income rises from $400 billion to $500 billion. Investments are not reliant on available cash. Investments are therefore independent of available funds. If we created an investment function, the investment curve at $100 million would be a horizontal line with investment on the vertical axis and disposable income on the horizontal axis.
Generally speaking, any circumstance that causes firms as a whole to anticipate a lesser return on their investment causes investment to decline. Another factor is expectation. The investment will decrease if CEOs become less optimistic about upcoming sales. Consequently, the investment function you previously developed would fail if a terrorist strike increased the pessimism of business projections.
Therefore option B is correct.
COMPLETE QUESTION is attached in the files section.
To know more about Investments, refer to this link:
https://brainly.com/question/28286952
#SPJ1
Students will write a three-page essay about themselves, and their families! This essay can include detailed family history, sharing any struggles that their family has faced. Students should also include their own background, school interests, activities, work, etc., (About 375 words)
In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionFor this essay concentrate on yourself and write about what makes you you.
This is further explained below.
What is family?Generally, A family is a group of two or more people who are connected by blood, marriage, or adoption and who live together; all of these people are regarded as belonging to the same family.
In conclusion, Write about yourself as well as the unique features of your family, detailed family history, sharing any struggles that your family has faced.
Read more about family
https://brainly.com/question/10205802
#SPJ1
votes in Kenya take place after how long
Answer:
5 years
Explanation:
its in the constitution
Mira and Lemma are equal owners of an entity. Each contributed $25,000 cash to the entity. In addition, the entity obtains a loan of $100,000. The profits for the year are $30,000. Determine Mira and Lemma's basis at the end of the period assuming the entity is a partnership, a C corporation, or an S corporation. a. If the entity is a partnership, Mira and Lemma each have a basis of $ at the end of the year. b. If the entity is a C corporation, Mira and Lemma each have a basis of $ at the end of the year. c. If the entity is an S corporation, Mira and Lemma each have a basis of $ at the end of the year.
If the entity is a partnership, Mira and Lemma's basis at the end of the period would be $25,000 each. This is because in a partnership, the basis is calculated by adding the initial investment and any profits or losses allocated to the partner.
Since both partners contributed $25,000 cash and there were no other adjustments or distributions made, their basis remains the same at the end of the period.
If the entity is a C corporation, Mira and Lemma's basis at the end of the period would be $25,000 each as well. However, in a corporation, the basis is calculated differently. The initial investment is still added, but any profits or losses are not allocated directly to the shareholders.
Instead, the profits are subject to corporate income tax and may be retained by the corporation as earnings and profits. Therefore, the basis of each shareholder remains the same as the initial investment.
If the entity is an S corporation, Mira and Lemma's basis at the end of the period would be $55,000 each. This is because in an S corporation, the basis is calculated similarly to a partnership. The initial investment is added, and any profits or losses are allocated to the shareholders. However, unlike a partnership, any distributions made by the S corporation are not considered when calculating basis.
Therefore, each shareholder's basis would be the initial investment of $25,000 plus their share of the profits, which is $15,000 each, for a total of $40,000. Then, the $100,000 loan is allocated equally to both shareholders, adding $10,000 to each of their basis. This brings their final basis to $55,000 each.
For more such questions on investment
https://brainly.com/question/29547577
#SPJ11
a. If the entity is a partnership, Mira and Lemma each have a basis of $25,000 at the end of the year.
In a partnership, each partner's basis is equal to the amount of cash contributed to the partnership, plus their share of any profits or losses, minus any distributions made to them. In this case, Mira and Lemma each contributed $25,000 in cash, and there were no distributions made, so their basis at the end of the year is still $25,000.
b. If the entity is a C corporation, Mira and Lemma each have a basis of $25,000 at the end of the year.
In a C corporation, shareholder's basis is determined by the amount of cash and property contributed to the corporation, minus any distributions received and losses incurred. Since there were no property contributions or distributions made, Mira and Lemma's basis at the end of the year is still $25,000.
c. If the entity is an S corporation, Mira and Lemma each have a basis of $25,000 at the end of the year.
In an S corporation, shareholders' basis is determined by the amount of cash and property contributed to the corporation, plus their share of the corporation's income, minus any distributions made and losses incurred. Since there were no property contributions, distributions, or losses, Mira and Lemma's basis at the end of the year is equal to their initial cash contribution of $25,000.
Learn more about ethics here:
brainly.com/question/28170754
#SPJ11
which refers to the system in which facilities join a payment system, whereby they receive a specified a fixed payment for each medicare patient's admission, regardless of the actual cost?
"Prospective payment system" refers to the system in which facilities join a payment system, whereby they receive a specified fixed payment for each Medicare patient's admission, regardless of the actual cost. This is a payment model used by Medicare
In this payment system, healthcare facilities are reimbursed with a predetermined fixed amount for each patient's admission, regardless of the actual cost of treatment. The aim of this system is to control healthcare costs and incentivize providers to deliver efficient and effective care.
The system you are referring to is also called the Diagnosis-Related Group (DRG) payment system. Under the DRG payment system, healthcare facilities receive a determined rigid payment for each Medicare patient's admittance based on the patient's diagnosis, irrespective of the true cost of aid.
Learn more about Medicare here:
https://brainly.com/question/22875523
#SPJ11
what is the law of demand and supply
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
gross domestic product is the sum of the market value of the:
Answer:
The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.
Explanation:
A long term goal taking _____ years to achieve can be broken down into shorter term goals, each taking _______ years to achieve
A. 16;32
B. 16;8
C. 8;32
D. 8;16
Answer:
B. 16;8
Explanation:
A short-term goal is something you want to do in the near future. The near future can mean today, this week, this month, or even this year. A short-term goal is something you want to accomplish soon.A long-term goal is something you want to do further in the future. Long-term goals require time and planning. They are not something you can do this week or even this year. Long-term goals usually take 12 months or more to achieve.marcus finds that a check written by a customer and deposited has not yet been posted
If you are reviewing the industry-low, industry-average, and industry-high values for the benchmarking data on pp. 6-7 of each issue of the FIR, which one of the following would you consider to be the most valid signal that one or more elements of your company's costs are likely to be too high relative to those of rival companies? A. When your company's reject rates for branded footwear are only 1.5% below the industry- average in those regions where the company has production operations B. Your company's total compensation package for production workers is about 10% above the industry average in those geographic regions where your company has production C. Your company's cost per S/Q star are only $1.50 below the industry-average in those D. Your company's total production costs per branded pair and cost per branded pair sold are E. Your company's distribution and warehouse expenses per pair sold in the Europe Africa operations regions where your company has production operations both within $1.50 of the industry high in the Asia-Pacific region region are about $3 per pair above the industry-low benchmark.
The most valid signal that one or more elements of a company's costs are likely to be too high relative to rival companies would be when the company's total compensation package for production workers is about 10% above the industry average in the geographic regions where the company operates.
A company's total compensation package for production workers being significantly above the industry average indicates that the company's labor costs are higher than its competitors. Labor costs are a significant component of production costs, and if they are substantially higher than industry norms, it suggests that the company may have inefficiencies or excessive spending in its labor-related expenses. This can lead to higher overall costs and potentially impact the company's competitiveness in the market.
While the other options mention variations in reject rates, cost per S/Q star, total production costs per branded pair, and distribution and warehouse expenses per pair sold, none of them specifically highlight costs being significantly higher than industry averages. These factors may provide insights into specific aspects of the company's operations but may not directly indicate that overall costs are too high compared to rivals.
Therefore, the option mentioning the total compensation package for production workers being above the industry average is the most relevant and valid signal of potential cost inefficiencies.
Learn more about Labor costs here:- brainly.com/question/31806503
#SPJ11
Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000. How much did Carlita pay to the tax authorities during the year?
Answer:
$2,000
Explanation:
The computation of the amount pay to the tax authorities during the year is shown below;
Let us assume the accrued payment be $6,000
Let us assume the amount pay to the tax authorities be X
Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance
$3,000 + $6,000 - X = $7,000
$9,000 - X = $7,000
So, the X is
= $9,000 - $7,000
= $2,000
hence, the amount pay to the tax authorities is $2,000
3. Which statement about Lillie's mortgage is false
Answer:
C is the correct answer. Under her GreenPointe Mortgage Account, she has no past due. Under her First USA Bank N A Account, she has a past due of $50, which is overdue by 60 days. In her third account, which is Astoria Federal Saving, there is no past due
Explanation:
hope it will help you
She has no past dues on her Green Pointe Mortgage Account. She has a $50 past due on her First USA Bank N A account that is 60 days past due. There are no past due balances in her third account, the Astoria Federal Savings.
What is a Mortgage?When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest. To purchase a property or borrow money against the value of a home you currently own, you can use a mortgage loan.
A loan is a financing arrangement whereby the borrower borrows money from the lender and then repays the lender over time. A mortgage, often known as a home loan, is a type of loan used to purchase real estate and is backed by the house or land being purchased.
There are two sorts of interest rates for mortgages: fixed and adjustable. An interest rate on a loan with a fixed rate is fixed for the duration of the loan. In other words, you commit to paying the market interest rate over the subsequent 15–30 years.
Learn more about Mortgage, here
https://brainly.com/question/8084409
#SPJ3
You want to ctegsosit $15,00na bank at an interest rate of 7 percent per year What is the uture vale of this money after three yes?
tuture value P+)
present value +0
OA S1837563
OR $19661.94
OC $20407.33
Answer:
A $18, 375.63
Explanation:
The amount to be deposited is $15,000
Interest rate is 7 percent
time is 3 years
the future value will be; the applicable formula
A = p x ( 1 + r) ^n
A = $15,000 x ( 1 + 7/100) ^ 3
A= $15,000 x 1.225043
A=$18,375. 64
80 points, Please help, no links.
Business #1 Information: Month - March
Business Name - ABC Rentals
Asset accounts and balances:
1. Cash $14,000
2. Party Equipment $26,000
3. Supplies $10000
Liability accounts and balances:
1. Accounts Payable - Party Zone $20,000
2. Accounts Payable - Party Town $14,000
Owner's Equity account and balance:
1. Emily Violante, Captial $16,000
Instructions: Complete the balance sheet for ABC Rentals by recording account titles and amounts to determine if the equation Total Assets = Total Liabilities + Owner's Equity is correct.
Business #2 Information:
Month - July
Business Name - XYZ Supplies
Asset accounts and balances:
1. Cash $12000
2. Supplies-Cleaning $14000
3. Supplies-Office $10000
Liability accounts and balances:
1. Accounts Payable - Supply Zone $15000
2. Accounts Payable - Office Zone $5000
Owner's Equity account and balance:
1. Zach DeFoe, Captial $16000
Instructions: Complete the balance sheet below for XYZ Supplies by recording account titles and amounts to determine if the equation Total Assets = Total Liabilities + Owner's Equity is correct.
For Business #1 ABC Rentals, the balance sheet would look like this:
ABC Rentals Balance Sheet As of March 31. Assets: Cash - $14,000,Party Equipment - $26,000, Supplies - $10,000
Total Assets - $50,000. Liabilities, Accounts Payable - Party Zone - $20,000, Accounts Payable - Party Town - $14,000
Total Liabilities - $34,000. Owner's Equity: Emily Violante, Capital - $16,000. Total Liabilities and Owner's Equity - $50,000. The equation Total Assets = Total Liabilities + Owner's Equity is correct, as the total assets of $50,000 equal the total liabilities and owner's equity of $50,000.
For Business #2 XYZ Supplies, the balance sheet would look like this: XYZ Supplies, Balance Sheet As of July 31
Assets: Cash - $12,000, Supplies-Cleaning - $14,000, Supplies-Office - $10,000, Total Assets - $36,000. Liabilities:
Accounts Payable - Supply Zone - $15,000, Accounts Payable - Office Zone - $5,000, Total Liabilities - $20,000
Owner's Equity: Zach DeFoe, Capital - $16,000. Total Liabilities and Owner's Equity - $36,000. The equation Total Assets = Total Liabilities + Owner's Equity is correct, as the total assets of $36,000 equal the total liabilities and owner's equity of $36,000.
Learn more about liabilities from here:
https://brainly.com/question/17346855
#SPJ11
in a value chain, service involves . group of answer choices a. processing raw materials into finished goods b. identifying customer needs and generating sales c. activities to support customers after the sale of products d. tasks associated with receiving, storing, and disseminating incoming goods
The correct answer is a. activities to support customers after the sale of products.
What is a value chain?The value chain seeks to generate competitive advantages, and its study also applies to other activities such as the supply chain and distribution networks. Globalization has led to the creation of global value chains.
The competitive landscape is established by the value chain in four ways:
Degree of integration: There is a definition for all activities that take place within the corporation and not in other independent businesses.Industrial panorama: It is the market and the industries in which our company operates and competes. A clearly defined strategy is formed with the express purpose of attaining the initial objectives.The segment landscape: In this instance, it is mentioned that the product and the purchasers of this item may cause variations.The geographical panorama: The nations, cities, or areas in which the business competes are mentioned.To learn more about value chain visit:
https://brainly.com/question/13439824
#SPJ4
Calvin purchased 2 fish bowls full of goldfish and 3 goldfish in a single bag. Each bowl had 6 fish in it. How many goldfish did Calvin buy? Calculate the number of fish in 1 bowl and in the bag together. Divide that number by the number of bowls. Calculate how many goldfish are in 2 fish bowls. Add that number to the number of fish in the bag. Calculate how many more goldfish are in a bowl than the bag. Multiply that number by the number of bowls. Calculate how many fish bowls there are. Add that number to the number of fish in the bag.
Answer:
How many goldfish did Calvin buy?
(2 bowls x 6 goldfish) + 3 goldfish in a bag = 15 goldfishCalculate the number of fish in 1 bowl and in the bag together.
(1 bowls x 6 goldfish) + 3 goldfish in a bag = 9 goldfishDivide that number by the number of bowls.
9 goldfish / 2 bowls = 4.5 goldfishCalculate how many goldfish are in 2 fish bowls.
2 bowls x 6 goldfish = 12 goldfishAdd that number to the number of fish in the bag.
12 goldfish + 3 goldfish = 15 goldfishCalculate how many more goldfish are in a bowl than the bag.
6 goldfish - 3 goldfish = 3 goldfish more in a bowl than in a bagMultiply that number by the number of bowls.
3 goldfish x 2 = 6 goldfishCalculate how many fish bowls there are.
2 fish bowlsAdd that number to the number of fish in the bag.
2 + 3 = 5Explain the role of auditors in the context of the agency
relationship between shareholders and management.
The role of auditors in the context of the agency relationship between shareholders and management is to provide an independent and objective assessment of the financial statements and internal controls of a company. Auditors play a crucial role in ensuring that shareholders' interests are protected and that management is being held accountable for their actions.
Here are the main points to consider:
1. Independence: Auditors must be independent from the company they are auditing to maintain objectivity and avoid any conflicts of interest. This independence is crucial in building trust between shareholders and management, as auditors are responsible for providing an unbiased opinion on the company's financial statements.
2. Financial statement audits: One of the primary responsibilities of auditors is to examine and evaluate the accuracy and fairness of a company's financial statements. They review the financial records, transactions, and supporting documents to determine if they comply with accounting principles and regulations.
This evaluation helps ensure that shareholders receive reliable and transparent information about the company's financial performance.
3. Internal control assessment: Auditors also assess the effectiveness of a company's internal controls, which are processes and procedures designed to safeguard assets, prevent fraud, and ensure the reliability of financial reporting. By reviewing the internal control systems, auditors help identify weaknesses or deficiencies that could potentially put the company at risk and impact the accuracy of financial information.
4. Reporting and opinion: After completing their audit, auditors provide a report that includes their findings, opinions, and recommendations. This report is shared with shareholders and other stakeholders, providing them with an understanding of the company's financial health and the reliability of the reported information. ]
The auditor's opinion can be unqualified (no significant issues identified), qualified (with some reservations or limitations), or adverse (significant issues affecting the financial statements).
5. Role in corporate governance: Auditors also contribute to the overall corporate governance of a company. They act as a check on management's actions, ensuring that they are acting in the best interest of shareholders and complying with relevant laws and regulations. Auditors play a critical role in maintaining the integrity and transparency of financial reporting, which is essential for building investor confidence.
In summary, auditors act as independent evaluators of a company's financial statements and internal controls. Their role is to provide assurance to shareholders that the financial information they receive is accurate, reliable, and in compliance with applicable regulations.
By doing so, auditors help protect the interests of shareholders and promote transparency and accountability in the relationship between shareholders and management.
Learn more about role of auditors:https://brainly.com/question/30090807
#SPJ11
Print Item Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $374,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 7% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make it the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment? a. Bad Debt Expense 23,180 Allowance for Doubtful Accounts 23,180 b. Bad Debt Expense 23,680 Allowance for Doubtful Accounts 23,680 Bad Debt Expense 24,180 Allowance for Doubtful Accounts 24,180 d. Bad Debt Expense 25,180 Allowance for Doubtful Accounts 25,180
Given that the accounts receivable balance is $374,000, and credit sales are $1,000,000 then Allowance for Doubtful Accounts 25,180. D) Bad Debt Expense 25,180
the adjusting entry that Tanning Company will make if the Allowance for Doubtful Accounts has a credit balance of $2,000
A. Bad Debt Expense 23,180 Allowance for Doubtful Accounts 23,180The calculation to find the estimated bad debt expense would be:
Estimated bad debt expense = 7% × $374,000
= $26,180
To adjust the allowance for doubtful accounts to the amount required by the estimate, Tanning Company would make this entry:
Bad debt expense 23,180Allowance for doubtful accounts 23,180 Since the balance of the allowance for doubtful accounts was given in the question, $2,000 before adjustment,
the ending balance of the allowance for doubtful accounts after adjustment would be:
$2,000 + $23,180
= $25,180
To know more about credit visit:
brainly.com/question/14279491
#SPJ11
Which of the following is characteristic of a centrally planned economy?