What do the BRIC countries have in common?
a. Government models
b. Economic models
c. Resource-based economies
d. A label
c. Resource-based economies
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Final Analytical Procedures and Disclosures When auditing Global Alliance Industries, Inc, the auditor performed extensive analytical procedures and found the following: (a) The commission expenses as a percentage of sales has stayed constant for
several years, but has increased significantly in the current year. However, commission rates have not changed. (b) The rate of inventory turnover has steadily decreased for the past four years. (c) The inventory as a percentage of current assets has steadily increased for the past four years. (d) The number of days' sales in accounts receivable has steadily increased for three years. (e) The allowance for uncollectible accounts as a percentage of accounts receivable has steadily decreased for three years. (f) The absolute amounts of depreciation expense and depreciation expense as a percentage of gross fixed assets are significantly smaller than in the preceding year. REQUIRED: (1) Evaluate the significance of not disclosing or adjusting these items, if material, in the fair presentation of financial statements. (2) When assessing disclosures, what criteria do auditors use?
Many ______ are not uncovered until the products reach the hands of consumers.
A. transportation issues B. quality and safety issues C. currency and exchange rate risks D. import/export restrictions
Refer to the spreadsheet above. What formula should be entered in cell D3 to compute total profitability?
A) =SUMPRODUCT(B1:C1,B3:C3 ) B) =SUM(B3:C3 ) C) =B2*B3 + C2*C3 D) =SUMPRODUCT(B3:C3,E6:E8 ) E) =B1*B3 + C1*C3
Which of the following is an intrinsic reward?
A. The pay bonus an employee receives for a job well done B. The recognition one gets for breaking a world record C. The happiness one experiences while gardening D. The trophy a boxing champion gets for winning a tournament