What are Office Web Apps?
What will be an ideal response?
Web application versions of Word, Excel, PowerPoint, and OneNote are called Office Web Apps. These applications run in the browser and are quite easy to use. These programs have less functionality than desktop Office programs, but they are free and readily accessed on the Web.
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The computed upper deviation rate is:
A. the sum of the sample deviation rate and an appropriate allowance for sampling risk. B. a point estimate of the population deviation rate. C. the maximum rate of deviations that the auditor is willing to accept before deciding not to rely on the control. D. the rate of deviations that the auditor expects to occur in the population.
Define and describe a conflict of interest
Alumbat Corporation has $800,000 in debt outstanding, and pays an interest rate of 10 percent annually on its bank loan. Alumbat's annual sales are $3,200,000, its average tax rate is 40 percent, and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. Alumbat's currenttimes interest earnedratio is:
A. ?2.4. B. ?3.4. C. ?3.6. D. ?4.0. E. ?5.0.
If a firm wants to maintain its ratios at their existing levels, then if it has a positive sales growth rate of any amount, it will require some amount of external funding.
Answer the following statement true (T) or false (F)