What are the purposes of the two parts of the report of​ management? the purpose of the first part of the report of management is for management to?

Answers

Answer 1
the purpose of the first part of the report of management is to state it's responsibilities for internal control over financial reporting.

The second part of the report states managements responsibility for the fair presentation of the financial statements.

Related Questions

Priscilla, who worked for a dry cleaner, came up with a great new idea for a type of press that speeded up the process immensely. she quit her job, hired labor and purchased materials, and manufactured a number of the presses. she sold the presses to her friend phil for resale. phil began advertising and distributing the press, but was notified by abc company that the sales violated its patent. after investigation, phil determined that abc had the better argument and demanded that priscilla refund the purchase price. priscilla declined on the basis that she had no idea that a patent on a similar press was in existence. who will likely win the dispute and why?

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I would say that Phil would most likely win the case because I think Priscilla should have checked if there were any patents on her idea before forging ahead with her plan since the patent was already in existence ie prior to her implementing her idea.

What are the five developmental tasks of young adulthood, and how can the accomplishing of one influence the accomplishing of any of the remaining four?

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Developmental tasks are the asks that individuals have to learn throughout their lives. It is important to successfully achieve certain tasks, because it is expected to lead to happiness and to success with later tasks.
The five developmental tasks of young adulthood are: Becoming more self-sufficient, preparing for a job or career, becoming socially responsible, learning to get along with friends of both sexes, accepting one's physical body and keeping it healthy.The accomplishing of one task influences the accomplishing of another one. For example if the individual learn to get along with friends she/he will become socially responsible. 


Final answer:

The five developmental tasks in young adulthood are completing school, leaving home, becoming financially independent, marrying, and having a child, each influencing the capability to accomplish the others in a deeply interconnected manner.

Explanation:

The transition into young adulthood is marked by the achievement of five critical developmental tasks: completing school, leaving home, becoming financially independent, marrying, and having a child. The accomplishment of one of these tasks can significantly impact the ability to achieve the others. For example, completing school can provide the knowledge and credentials necessary to secure employment, which in turn can lead to financial independence. Financial independence may make leaving home feasible, and also provides a stable foundation for marrying and starting a family. Each step can build on the previous ones, creating a chain of success in navigating young adulthood.

Furthermore, the intertwining of these tasks highlights the complex interplay between personal achievements and social expectations. As society evolves, so too may the definition and priorities associated with these milestones. Regardless, mastering these tasks is essential for personal development and societal contribution, reflecting a deep intertwining of individual growth and social constructs.

The undergrounds coffee shop has total assets of $85,300 and an equity multiplier of 1.53. what is the debt-equity ratio?

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Let us go to the basic accounting equation: Assets = Liabilities + Shareholder's Equity. The equity multiplier is computed by dividing the total assets with the total shareholders' equity. We know the total assets as $85,3000. Using the formula for the equity multiplier, we can calculate the amount of the shareholders' equity. The given equity multiplier is 1.53. To calculate the shareholders' equity, we just have to divide the $85,300 (total assets) with 1.53 (equity multiplier). We can get the amount of $55,752. Using the accounting equation, we can compute the amount of liabilities as $29,548. The formula to get the debt-equity ratio is dividing the total shareholder's equity by the liabilities. $55,752 divided by $29,548, we can get 1.89 as the debt-equity ratio.

At a price $4 for good x, a firm is willing to supply 1,400 units of x. for a price of $5 for good x, the firm is willing to supply 1,500 units x. the change in revenue for the firm when the price of the good rises from $4 to $5 is a:

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100 unit difference

What does law professor dorothy brown believe is one of the greatest benefits of the earned income credit?

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Law professor Dorothy Brown believes that one of the greatest benefits of the earned income credit is that it causes a certain number of children to no longer be in poverty. She argues that if we have a limited amount of money to spend on helping people, it makes sense to spend that money on families who have children.

"factors of production are the most likely to earn economic rent when they"

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When there is highly inelastic supply of the factor and highly inelastic demand of the factor, in these situations the owners supply factors of production are the most likely to earn economic rent. So, the answer should be:
factors of production are the most likely to earn economic rent when they are highly inelastic supply of factor and highly inelastic demand of the factor.

When we say that the classical model of decision-making specifies how managers should make decisions, this is another way of saying that this model is:?

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Final answer:

The classical model of decision-making is prescriptive and provides guidelines on how managers should make decisions with an idealized assumption of complete rationality and full information. It contrasts with descriptive models by not necessarily describing real-world behavior, where decisions are often irrational or inconsistent.

Explanation:

When we say that the classical model of decision-making specifies how managers should make decisions, we are referring to the prescriptive nature of the model. The classical or economic model of decision-making provides an idealized framework that outlines how decisions should be made, under the assumption of complete rationality, full information, and a consistent value system aimed at maximizing utility or profit. This is in contrast to descriptive models, which attempt to explain how decisions are made, acknowledging that human behavior often deviates from pure rationality.

Traditional economic models assume that individuals, firms, and governments engage in rational decision-making. These models suggest that all available information is considered and that choices are made consistently to maximize the decision-maker's self-interest. However, in reality, we observe irrational behaviors, where people make inconsistent decisions that may not always be in their best interest or use all available information to make the most informed choices.

The economic model's assumptions, while not always reflecting the real-world decision-making process, can be useful in understanding the behavior of actors in certain scenarios, such as agriculturalists making decisions about land use. Under the economic model, factors like land quality and transportation advantages are controlled, allowing the examination of profit-maximization behavior under simplified conditions.

A natural disaster, such as the 2011 japanese earthquake and tsunami, shifts the ___________ curve _____________________. according to economists who believe that the economy is self-regulating, the result will be that the economy _____________be able to find its way back to natural real gdp without government intervention.

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A natural disaster shifts SRAS curve LEFTWARD… the economy WILL be able to find its way back to Natural Real GDP without government intervention. The Short-Run Aggregate Supply (SRAS) curve presents a graphical representation of the supply-side of the aggregate market. The SRAS curve can either shift leftward (a decrease in aggregate supply) or rightward (an increase in aggregate supply).

Buscorp wants to introduce a new procedure for processing customer requests. if this change will require employees to break old routines and adopt new role patterns, the preferred strategy for dealing with resistance to this change such as this is:

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If this change will require employees to break old routines and adopt new role patterns, the preferred strategy for dealing with resistance to this change such as this is learning. The company would want their employees to learn new methods so as to be able to adopt to the change and in a way encourage to their employees.

Glenda, a sales representative for revo appliances inc., had to deliver a presentation on her company's latest offering: an innovative food processor. her target clients were senior managers and chefs from a reputed restaurant. after her presentation, glenda faced tough objections from her clients who were skeptical about the product's necessity and usefulness. as a good salesperson, how should glenda respond to this situation? ​

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In response to her clients objections about her products usefulness and necessity, Glenda should respond with acknowledged appreciation to them for getting her to think critically about the new innovative food processor to enable her to perhaps demonstrate or explain hitherto unknown factors which they may not have thought of value or perhaps realize that it needs more work to become a truly useful food processor or that it perhaps is not as good an idea as it may have seemed. 

Glenda should have product samples with her that allow her to let those who attented the presentation try them out for themselves. These senior managers and chefs can test the products use on their items that they need them to process daily for. Most appliances also come with a warranty of some type, so Glenda can explain the warranty in case of failure. By explaining how the item works, letting them use it by testing and offering a warranty the senior managers and chefs may be more inclined to try the product for their work places.

Are preferred dividends deducted from net income when calculating earnings per share

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C) Yes, preferred dividends are always deducted from net income when calculating EPS.

This is because EPS reflects the amount of profit available to common shareholders, and preferred dividends are paid out of the net income before any profits can be distributed to common shareholders.

Calculate Net Income: This is the total earnings after all expenses, including taxes and interest, have been deducted from total revenues.

Subtract Preferred Dividends: Since preferred shareholders have a higher claim on dividends, their fixed dividends are subtracted from the net income.

Divide by Outstanding Common Shares: The remaining earnings are then divided by the weighted average number of common shares outstanding during the period.

Complete question-

When calculating earnings per share (EPS), are preferred dividends deducted from net income?

A) No, preferred dividends are not deducted from net income when calculating EPS.

B) Yes, preferred dividends are deducted from net income only if they are paid.

C) Yes, preferred dividends are always deducted from net income when calculating EPS.

D) Preferred dividends are only deducted if the company has common stock outstanding

The ________ shows what assets the business owns and what claims creditors and owners have against those assets, and is built on the basic accounting equation:

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capital shows what the owners adds in his business. it is also known as owners equity and is the basic component of accounting equation.
Capital

Hope this helps : )

Question help the muffin house produces and sells a variety of muffins. the selling price per dozen is​ $15, variable costs are​ $9 per​ dozen, and total fixed costs are​ $4,200. how many dozen muffins must the muffin house sell to​ breakeven?

Answers

Breakeven point in units
Fixed cost÷(selling price-variable cost)

4,200÷(15−9)=700 units

Monette has posted over 100 book reviews on discussion forums. she also frequently reviews products and services and posts her reviews on local restaurants on review sites. as a social media user, monette would best be characterized as a _____.​

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The answer to this question is the term critic. Monette is considered a critic because she posted reviews on restaurants, etc and put it in her web blogs. A critic post comments, reviews, and even ratings on services and products through social media.

Monette's active engagement in posting numerous book reviews and contributing to local restaurant critiques on different platforms would categorize her as a social media influencer, participating in the era of democratized reviews and tastemaking in her online communities.

Monette, with her active engagement in posting over 100 book reviews and frequently reviewing products and services on various platforms, would best be characterized as a social media influencer. As someone who influences the opinion and behavior of others through their reviews, Monette embodies the spirit of the democratized review era, where anyone with internet access can impact public perception and business practices. Her consistent activity on discussion forums, review sites, and her focus on local restaurants indicate a strong involvement in tastemaking and potentially positions her as a trusted voice in her online communities. With the rise of social networking and review platforms, individuals like Monette contribute significantly to the wisdom of the crowd, shaping the success and reputation of the businesses and services they critique.

Demand elasticity analyzes the _______________ and the change in total revenue resulting from a change in price.

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Demand elasticity analyzes the degree of sensitivity and the change in total revenue resulting from a change in price.
Demand is a service (in economics), that people are willing to buy at a certain price and degree of sensitivity is combination of the affect which is caused by changes in input values or output.

For an investment in a stock, the probability of the return being –10.0% is 0.3, 10.0% is 0.4, and 30.0% is 0.3. given the probability distributions, what is the expected rate of return for the investment

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The expected return will be given by:
E(R)=Total sum of the expected return
E(R)=-0.1*0.3+0.1*0.4+0.3*0.3
E(R)=-0.03+0.04+0.09
E(R)=0.1=10%

We therefore conclude that the expected return is 10%

What are two main goals in managerial accounting for reporting on and analyzing departments?

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I would say the two main goals in managerial accounting for reporting on and analyzing departments would be to study both revenues and expenses to see where the revenues are coming from, how consistent they are, and if they can be maintained  and similarly for the expenses and especially to see if expenses can be reduced by more careful control and also by technical innovations such as using GPS to position blasthole drill rigs on planned holes at operating open pit mines rather than have surveyors lay them out by hand in the field. 

A high rate of _____ is resulted from nonuse of condoms

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A high rate of human immunodeficiency virus (HIV) is resulted from nonuse of condoms. 
This is usually true for gay men, however, there are a lot of cases with straight people transferring HIV because they didn't use condoms during sex. This should be avoided at any cost, if you want to prevent unwanted pregnancies and the transfer of various STDs.

During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60 percent, 20 percent, and 20 percent, respectively. assuming that the cash distribution referred to was made properly, how much would g receive if an additional $60,000 was distributed?

Answers

During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60 percent, 20 percent, and 20 percent, respectively. assuming that the cash distribution referred to was made properly, how much would g receive if an additional $60,000 was distributed?
$12,000

A borrower is unsure whether to go with a fixed rate or adjustable rate loan. what kind of questions would you ask to help them decide?

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I would ask them if they were comfortable with a fluctuating rate, which though at the moment is lower than the fixed rate, could go up in the future. I would also ask them if they needed to be sure of the rate say for example for a 5 year term like in a mortgage for peace of mind or if they are willing to take a risk with the fluctuations. If the latter, I would tell them that at any time they could lock it in for a 5 year term if they saw it going up. 

Whose art influenced the federal government to include a photographic unit in the farm securities administration?

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Dorothea Lange had influenced the Farmer Security Administration with her art. They were able to contribute to society by setting up a Photography program, in showcasing the life of a farmer during the Great Depression. This program was able to move a lot of people with their pictures and documentations of the farmers. 

Garage corp. uses a traditional production environment. its competitor uses lean production and just-in-time (jit) manufacturing. which is true for garage corp

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Garage corp. uses a batch-and-queue or batch-and-wait production system wherein the sub-assembly or the partially completed product is move to the work-in-progress (WIP) location, the next department to take it from WIP location, perform an operation on them and then forward the resulting work into the next WIP location to wait once again. This procedure continuous until the final product is completed. Using this system, the Garage corp. produces and maintains large inventories since it drives products to lower average unit cost, so they need to produce more products and the more products produced, the greater the inventory asset. They will produce products of low quality since workers in traditional production do not have major responsibility for quality control during their work. They strive for efficiency which means producing the best yield at the lowest cost from the available resources but in the expense of effectiveness which is the degree where an objective or target is met. It is doing something right but not doing it right. And lastly they have an information loss between its organizational areas because they operate in a disconnected manner with little integration and communication.

Adrienne had contracted to convey real estate to rich. however adrienne died before the conveyance is completed. what is the status of the parties?

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If he chose to, Rich can enforce the contract against Adrienne's estate. This is because, sickness or death of a promisor is not an avenue or excuse for non-performance in contracts such as this, which  can easily be delegated to another person for performance. 
Final answer:

If a party to a contract dies before the completion, the contract may still be enforceable depending on the circumstances and applicable laws. The contract for the conveyance of real estate may be subject to the Statute of Frauds. If the conveyance was not completed before Adrienne's death, the contract may not be enforceable.

Explanation:

The status of the parties in this situation would depend on the specific circumstances and the applicable laws of the jurisdiction. Generally, if a party to a contract dies before the completion of the contract, the contract may still be enforceable in some cases.

However, since the contract in question involves the conveyance of real estate, it is likely subject to the Statute of Frauds, which generally requires certain contracts, including contracts for the sale of land, to be in writing to be enforceable.

Therefore, in this case, if Adrienne had not completed the conveyance of the real estate to Rich before her death, it is possible that the contract would not be enforceable, and the transaction may not be completed.

The midtown nursing facility has fixed costs amounting to $200,000. at an occupancy rate of 100 patients, the fixed cost per patient amounts to $2,000. in another way to think about fixed costs, if the administrator can increase the occupancy rate to 125 patients, will the fixed cost per patient then:

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Problem: Fixed cost per patient if the occupancy rate turns 125 based on the given situation.

Given: Midtownn nursing facility fixed costs $200,000
            100 patient
             1 patient/$2 000

Operation: division

Solution: $200,000/125=N 
                (if the nursing facility still have its fixed cost nailed on $200,000)

Answer: $1,600

Of 125 patients each would pay $1,600 for their occupancy.

 

Land-based forces gravitate toward a control mindset endemic of a higher headquarters model. this demonstrates which key element to remember when working with other services?

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Centralized Organization vs. Decentralized Organization. The centralized organization can be characterized as a progression basic leadership structure where all choices and procedures are taken care of entirely at the best or the official level. 
The way toward exchanging and allotting basic leadership specialist to bring down levels of a hierarchical chain of importance. In a decentralized association, the basic leadership has been moved to bring down levels or levels of the association, for example, divisions, branches, offices or auxiliaries.

A profit-maximizing monopolist will continue expanding output as long as

Answers

A profit-maximizing monopolist will continue expanding output as long as marginal revenue exceeds marginal cost.

Final answer:
A profit-maximizing monopolist will continue expanding output as long as marginal revenue exceeds marginal cost.


Explanation:
A profit-maximizing monopolist will continue expanding output as long as marginal revenue exceeds marginal cost
. This means that for each additional unit produced, the revenue generated will be greater than the cost incurred, resulting in increased profits.
Once the marginal revenue is equal to marginal cost, the profit-maximizing quantity is reached, and the monopolist should not expand further.



Which food choice would you reach for first at the salad bar if you wanted to increase your iron intake?

Answers

Baby spinach is the best choice

To increase iron intake at the salad bar, select lean meats and seafood for heme iron, beans, seeds, nuts, and dark green vegetables for non-heme iron, and pair with vitamin C-rich foods to enhance absorption.

If you're looking to increase your iron intake at the salad bar, reaching for food choices rich in both heme and non-heme iron is key. For heme iron, which is more readily absorbed by the body, you should grab lean meats like beef or seafood such as clams and oysters. As for non-heme iron, look for options like beans, seeds, nuts, and dark green vegetables like spinach. Additionally, you'll want to pair these with vitamin C-rich foods such as orange juice, broccoli, or strawberries, which help enhance iron absorption. Some salad bars may also feature iron-fortified foods such as certain breads and cereals, which have iron added to them and can contribute to your daily iron needs.

Gabriel is 25 years old, 6 foot 3 inches, and 185 pounds. he is an accomplished lacrosse player and continues to play in a competitive league. gabriel ____.

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The answer that will be suitable to the given description above is that Gabriel is at the peak of physical fitness. It is because he has the right amount of weight which is suitable to his height and is fitted to his age. In addition to this, he is an accomplished lacrosse player in which will produce a well fit body that promotes physical fitness.

The american plastics council wants to stimulate more consumer demand for products that are packaged in plastic. the ads will explain how plastics protect families from food spoilage and contamination. the ads will also describe how tamper-evident plastic seals provide an extra measure of product safety assurance. by trying to change customersâ perception of plastic packaging, the council is using _____ promotion.

Answers

The council is using persuasive promotion.
By presenting the consumers with ads that will appeal to their desire to protect their food from spoilage and contamination, as well as provide extra measures of product safety, this council is trying to persuade the consumer to buy their product.

How do investment banks differ from commercial? banks? ?(mark all that? apply.)?

Answers

Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.

Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.

Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions. 
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