Who carries on all bilateral and multilateral trade negotiations on behalf of the United States?

a. the President.

b. the Secretary of State.

c. the United States Trade Representative.

d. the International Trade Commissioner.


c

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The accounting department reports that the balance of accounts receivable is $210,000. You are willing to accept that balance if audit sampling suggests it is within $15,000 of the actual balance. Using a classical variables sampling plan, you compute a 95% confidence interval of $208,000 to $225,000. You would therefore:

A. not be able to determine the acceptability of the receivable balance. B. accept the $210,000 balance because the confidence interval is within the materiality limits. C. accept the balance but with a lower level of confidence. D. take a larger sample before totally rejecting the balance and requiring adjustments.

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What is an attest engagement?

What will be an ideal response?

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An escrow account is used to collect _____ from one's monthly mortgage payment.

A. interest B. principal C. real estate taxes D. closing costs E. operating expenses

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Sam Monte deposits $21,500 into Legal Bank, which pays 6% interest that is compounded semiannually. Using the table in the handbook, what will Sam have in his account at the end of six years?

A. $30,654.70 B. $29,760.30 C. $30,456.07 D. $29,670.03 E. None of these

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