Sales Net Beg Net Ending Sales returns Sales Inventory Purchases Inventory 1 5,000 80,000 24,000 130,000 Cost of Goods Sold 38,000 Gross Profit (Loss)

Q: Which components of audit risk can an auditor control? Explain

A: An auditor is a professional who is responsible for verifying a business entity's financial…

Q: True/False) All of the regulations for Section 162 are proposed regulations.

A: The general rule for section 162 states that "A deduction of ordinary and necessary expenses paid or…

Q: Explain the Rule of 72.

A: In investment and saving management, the doubling period techniques provide the valuation of the…

Q: P12.2 (c)

A: Ending Retained Earnings  = Beginning Retained Earnings  + Net income - dividend declared…

Q: 10) 11) 12) 13) 14) Explain Dual Aspect concept and provide example. Explain Consistency concept and…

A: 10) Dual Aspect Concept:  Any business transaction is documented in two separate accounts according…

Q: requirements

A: These are the following- 1. Such risks must be statistically predictable- This is one of the major…

Q: Which of the following is an enhancing qualitative characteristic?   Group of answer choices…

A: Enhancing qualitative characteristic include Faithful Representation

Q: dentify and describe the two components

A: Components of  the risk of material misstatements : The two components are : Inherent risk and…

Q: Please answer sections d), e) and f)

A: Debt Management Ratios are financial metrics that provide insights into a company's ability to…

Q: 321,818 is incorrect. What is the correct answer?

A: Revenue: We consider unit sales and price per unit to determine total revenue.Variable Costs: Based…

Q: Do you agree?

A: Basel norms are the norms which are framed by Basel committee on Banking supervision. These rules…

Q: What is the Rule of 72? How is knowing this concept helpful to you?

A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…

Q: Explanation 1031 like-kind exchange

A:

Q: With the aid of examples, highlight the differences between the following terms: Rights issue and…

A: Solution:- Capitalization issue are also known as bonus issue. The following difference between…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: What is Break Even Point?

A: BEP is called as break even point. Formula: Break even point = Fixed cost / Contribution per unit

Q: 7. How would you define transaction exposure? How is it different from economic exposure?

A: Exposure refers to the degree to which an individual or entity is subject to a particular risk or…

Q: E14.3 (b)

A: The cash flow statement is helpful for the stakeholders as they can identify the organization's…

Q: Why option A is incorrect?

A: revenue is generated by the business whenever  goods or services are sold by the business.this leads…

Q: What is Reiman’s (2001) argument?

A: Arguments is an act or process of arguing or discussing. There are different types of arguments like…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: 1,525,394 is the wrong answer. what is the correct one?

A: The recovery of net working capital (NWC) refers to the return of funds initially tied to current…

Q: explain in details the scope, obectives

A: IAS / IFRS 33 deals with the calculation and presentation of earnings per share (EPS). It applies to…

Q: as fortuitous event? J

A: The pandemic issue has caused in an increase in breach of contract processes worldwide,…

Q: Santa Clara Furniture Company manufactures designer home furniture. Santa Clara uses a standard cost…

A: Lets understand the basics.Management calculates standard costs in order to compare it with actual…

Q: What is the principle behind the Sharpe measure?

A: Shape Ratio: It is known as the Sharpe ratio, this indicator measures how well a financial portfolio…

Q: Over subscription and under subscription

A: Over subscription and under subscription are terms associated with the issue of shares of a company…

Q: The significance difference between U.S. GAAP and IFRS in regard of development cost that IFRS…

A: The development cost represents the future economic benefit under the IFRS as well as GAAP. Under…

Q: What are the origins of the Sharpe measure?

A: Shape Measure: In a dataset, measures of shape explain the distribution (or pattern) of the data in…

Q: Why is a policy statement important?

A: A policy statement or an investment policy statement is a document created by the investment…

Q: Determining current portion of long-term note payable On January 1, Irving Company purchased…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: why would it not be option A

A: The T1 personal tax return is the tax return form required to be filed by all taxpayers in Canada.…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…

Q: Explain the advantages and disadvantages of (i) Progressive taxing system and (ii) regressive taxing…

A: Following is the answer to the question

Q: developed the IPSASs? d.What are the scopes of the IP

A: International Public Sector Accounting Standards (IPSAS) are a collection of accounting standards…

Q: a. What is the Benefit-Cost ratio for "Proposal 1?" [Select] b. Based on a Benefit-Cost analysis,…

A: Benefit cost ratio is an important metric when we look at analyzing and determining the financial…

Q: 4. What is Multicollinearity? a. What are the consequences of multicollinearity?

A: Multicollinearity is a statistical phenomenon in which two or more independent variables in a…

Q: Which of the following is not an issue associated with liabilities?

A: Liabilities:   Liabilities are the obligation of the business or amount payable by the business.…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.