You are auditing the financial statements of hope engineering, a limited company, for the year ending 31 march 20x8. the partner in charge of the audit instructs you to carry out a review of the company's activities since the financial year end. mr smith, the managing director of hope engineering, overhears the conversation with the partner and is surprised that you are examining accounting information which relates to the next accounting period.
explain the nature and purpose of a subsequent events review (6 marks)
describe the audit procedures which would be carried out in order to identify any material subsequent events​

Answer:

a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Explanation:

hope this helps:)

The conflict management style that involves being both cooperative and assertive is known as the "Collaborating" conflict management style.

The collaborating conflict management style, also known as the win-win style, involves attempting to find a solution that is beneficial to both parties involved in the conflict by utilizing a cooperative approach. This approach involves both parties sharing their thoughts and ideas in a respectful and productive manner, with each side actively listening to the other.

In this style, the emphasis is on cooperation and finding common ground, rather than trying to "win" or dominate the other party. The collaborating conflict management style is useful in situations where both parties need to work together to achieve a common goal or when a long-term solution is needed. This style is often used in business settings and can help create a positive and productive work environment.

To know more about Conflict Management visit:

https://brainly.com/question/1887414

#SPJ11

There is a demand for that resource with limited supply  are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.

As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply   growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.

To learn more about scarce resource, click here.

https://brainly.com/question/1581220

#SPJ1

The statement 'efficiency means our economic pie is divided into equal slices' is false as due to efficiency there is a difference in economies.

In today's economy, efficiency does not always mean that our economic pie is divided into equal slices. Instead, efficiency often leads to an unequal distribution of resources, where one group of people or businesses may benefit more than another.

This means that even though the overall productivity of the system may be higher, the rewards are not equally shared.

This can create a system in which some individuals or businesses have an advantage over others, leading to uneven economic growth. As such, efficiency does not always mean that the economic pie is divided into equal slices.

To learn more about economic, click here:

https://brainly.com/question/14787713

#SPJ4

Answer

Foreign Aid

Explanation

gradpoint

If the expected mileage is high and close to the number of miles the ambulance can be driven, then it would make sense to purchase a new ambulance.

Madison Memorial Hospital is considering buying a new ambulance, and the decision would be based on the expected mileage that the ambulance will be driven in 2022. The hospital authorities have provided the number of miles driven for the last eight years, from 2014 to 2021. With these numbers, a trend line can be created to predict the expected mileage in 2022.

The trend line for the miles driven from 2014 to 2021 can be calculated using a regression line or a moving average. The regression line is a linear model that uses the least-squares method to estimate the relationship between two variables. It is used to predict the value of the dependent variable based on the value of the independent variable.

The formula for the regression line is: y = a + bx where y is the dependent variable, x is the independent variable, a is the intercept, and b is the slope

Using the data provided, the regression line can be calculated for the miles driven from 2014 to 2021. Once the regression line is calculated, the expected mileage for 2022 can be estimated. This would help the hospital authorities in deciding whether to purchase a new ambulance or not. The decision would be based on the expected mileage for 2022 and the cost of purchasing a new ambulance.

The conclusion of the analysis will depend on the expected mileage. If the expected mileage is high and close to the number of miles the ambulance can be driven, then it would make sense to purchase a new ambulance. However, if the expected mileage is low, then it might be better to hold off on the purchase and wait for the following year. The cost of purchasing a new ambulance should also be considered before making a decision. If the cost is high, then it might not be worth it to purchase a new ambulance for just one year. Therefore, a cost-benefit analysis should be done before making any decisions.

To know more about cost-benefit analysis visit:

brainly.com/question/30096400

#SPJ11

Answer:

The beginning retained earnings will be "127,000".

Explanation:

The given values are:

Total sales,

= $845,000

Company paid,

= $15,000

Total expenses,

= $792,000

Retained earning,

= $165,000

Now,

⇒  \(Retained \ earning \ this \ year = Profits-Dividends\)

⇒                                               \(=845,000-792,000 -$15,000\)

⇒                                               \(=38,000\)

and,

⇒  \(Beginning \ retained \ earnings = Ending \ RE-this \ year \ RE\)

⇒                                                  \(=165,000-38,000\)

⇒                                                  \(=127,000\)

To calculate Snoopy's Earnings Per Share (EPS), you need to divide the net earnings by the weighted average number of outstanding shares. Given the revenue of $16.17, accounts receivable, and interest, you can determine the EPS. Round the answer to the nearest penny.

To calculate Snoopy's Earnings Per Share (EPS), follow these steps:

1. Calculate the net earnings: Net earnings can be obtained by deducting all expenses (including taxes) from the revenue. Additional information, such as accounts receivable and interest, may or may not impact the net earnings calculation, depending on their relevance to the business.

2. Determine the weighted average number of outstanding shares: This figure represents the average number of shares held by investors over a specific period. The weighted average takes into account any changes in the number of outstanding shares during that period.

3. Divide net earnings by weighted average number of outstanding shares: Divide the calculated net earnings by the weighted average number of outstanding shares to obtain the Earnings Per Share (EPS). Ensure that the division is performed accurately.

4. . Round the answer: Round the EPS answer to the nearest penny, as specified in the question.

By following these steps and considering the provided financial information, you can calculate Snoopy's Earnings Per Share (EPS) accurately, rounding the answer to the nearest penny.

learn more about revenue here

https://brainly.com/question/27325673

#SPJ11

The complete question is: Snoopy's Pet Store has the following financial information. Rounding to the nearest penny, what is Snoopy's Earnings Per Share(EPS)? Revenue $19,936.898 Accounts Receivable $864.137 Interest Expense $179,152 Total Operating Expense $1,389,566 Current Liabilities $595,890 Accounts Payable $157,367 Cost of Goods Sold $4,915,275 Preferred Stock Dividends $567.424 Tax rate 24.3% Shares Outstanding 540,848

In the act, you can start by showing that many students are attending the workshop and everyone is paying attention to it. When the task was assigned everyone was able to complete it but one student was not able to because he or she was not paying attention.

Attention in psychology is the concentration of awareness on some phenomenon to the exclusion of other stimuli. A process of selectively concentrating on a discrete aspect of information, whether considered subjective or objective. William James wrote that "Attention is the taking possession by the mind, in clear and vivid form, of one out of what seem several simultaneously possible objects or trains of thought. Focalization, concentration, of consciousness are of its essence.

Attention has also been described as the allocation of limited cognitive processing resources.

Learn more about attention, here:

https://brainly.com/question/26181728

#SPJ1

The purpose of this category of interview questions is to explore the applicant's past performance and behavio is Behavioral questions. Thus, option B is correct.

Behavioral questions are designed to assess an applicant's past performance and behavior in various situations. These questions typically ask candidates to provide specific examples from their previous experiences to demonstrate their skills, abilities, and approach to problem-solving.

The purpose of these questions is to gain insight into how the applicant has behaved in the past, as it is believed that past behavior can be a good indicator of future performance.

Learn more about  interview questions on:

https://brainly.com/question/28187495

#SPJ1

Answer:

1 Cash to Capital

2 Bank to Cash

4 Purchase to Cash

5 Purchase to Cash

8 A/c receivable to Sales

10 A/c Payable to Cash

15  Cash dr(11700) Sales Discount dr (300) A/c receivable Cr(12000)

16 Wages Payable to Cash

18 Furniture to Cash

20 Drawing to Bank

22 Rent Payable to Bank

23 Drawing to Goods

24 Drawing to Bank

26 Cash to Commission received

27 Bank Charges Payable to Bank

28 Insurance Payable to Bank

29 Salary Expense/ Salary Payable (I forgot) to Cash

30 Cash to Sales  

It is true that when the monthly interest is expressed as only being compounded annually this is known as annual percentage rate.

A borrower or deposit-taking financial institution pays interest to a lender or depositor over and above the principal amount at a specified rate in the domains of finance and economics. It's distinct from any fees the borrower would pay to the lender or another party. In contrast to profit, which goes to the owner of an asset, investment, or company, interest is paid to lenders instead of to owners of these things. The rate of interest is calculated by dividing the total amount of interest paid or received over a specified time period by the total amount of principal borrowed or lent. Interest is accumulated on both the principal and any prior interest when compound interest is used.

To learn more about interest, visit:

https://brainly.com/question/29480777

#SPJ4

The ultimate source of political power in the United States is the people.

Political power is the ability to influence and control the actions of others, particularly within a political system. It is the capacity to make decisions and implement them, shaping the environment and influencing people's behavior. Political power can be used to make and enforce laws, create policies, and allocate resources. It is also used to shape public opinion and promote particular interests.

This power is derived from the fundamental beliefs and principles outlined in the Constitution and Bill of Rights, such as the right to vote and the right to free speech. The people are also the ultimate source of power for Congress and the President, as they are elected by the people to represent them and create laws. Ultimately, the people have the power to choose their leaders and to hold them accountable for their actions.

To learn more about political
https://brainly.com/question/23471898
#SPJ9

If the cost of a market basket of goods and services is $3,500 in 2012, the cost of the same market basket in 2015 is $5,600.

According to common definitions, a market basket is a selected mix of goods and services.

The market basket is commonly used to track the price performance of a specific market or segment, especially with regard to inflation.

An example of a market basket is the Consumer Price Index (CPI).  The CPI is an estimate of the average change of price paid for a specific basket of goods and services over time.

Date  Price Index

2011         95

2012      100

2013      129

2014       131

2015      160

Cost of market basket in 2012 = $3,500

Cost of market basket of goods and services in 2015 = $5,600 ($3,500/100 x 160)

Thus, if the cost of a market basket of goods and services is $3,500 in 2012, the cost of the same market basket in 2015 is $5,600.

Learn more about the consumer price index at https://brainly.com/question/1889164

The labor turnover rate is 10.91% or 11% (approx).

The labor turnover rate if 6 employees in a department of 55 left and were replaced can be calculated as follows:

Labor turnover rate = (Number of employees who left during a period / Average number of employees during the period) x 100

Given that 6 employees left and were replaced in a department of 55. Hence, the average number of employees during the period will be: Average number of employees during the period = (Initial number of employees + Final number of employees) / 2 Initial number of employees = 55 Final number of employees = 55 - 6 + 6 = 55 (since 6 employees left and were replaced).

Hence, the average number of employees during the period = (55 + 55) / 2 = 55. So, Labor turnover rate = (6 / 55) x 100= 10.91%Therefore, the labor turnover rate is 10.91% or 11% (approx).

Learn more about Labour turnover rate: https://brainly.com/question/2309682

#SPJ11

Answer:

D

Explanation:

customer must be sent a copy of the official statement, if available

Answer:

Hi!

The correct answer is E. total current liabilities decrease.

When Joshua credits the bank account and debits the rent account, it means that the company paid rent for its office building. Rent is considered an expense and is recorded as a debit to the rent account. At the same time, the bank account is credited, which means that money has been paid out of the account. This transaction will result in a decrease in the company's total current liabilities because rent is considered a current liability. Current liabilities are debts that are due within a year or less. By paying the rent for January, the company has reduced its current liabilities, resulting in a decrease in the total amount of money owed by the company in the short term.

hope this helps!

Answer:

D

Explanation:

technology was made so that we would do things more efficiently and with less effort, if the device that were created made tasks more difficult, we would have no need for it and it would probably be disreguarded. theres no reason to have technology that makes life more difficult

Answer:

0.50

Explanation:

Calculation for What is the asset turnover ratio

Using this formula

Asset turnover ratio=Net sales /Average total assets

Let plug in the formula

Asset turnover ratio=$15,000 / (($25,000 + $35,000)/2)

Asset turnover ratio=$15,000/($60,000/2)

Asset turnover ratio=$15,000/$30,000

Asset turnover ratio= 0.50

Therefore the asset turnover ratio will be 0.50

Answer:

$60,030.54

Explanation:

Answer:

informal

Explanation:

The informal aspects are the focus of the interdisciplinary field known as organizational behavior (OB), which is dedicated to better understanding and managing people at work.

The basic aspect of an organization such as values, attitudes and personalities must be understood to become an effective leader.

The basics values also known as core values are what serves as base to an organization structure since inception.

it is important that a leader understand the basics value of the organization such as values, attitudes and personalities to allow him to be effective because they are silent features that are abide to.

Therefore, to be effective as a leader, the basic aspect of an organization such as values, attitudes and personalities must be understood.

Learn more about this here

brainly.com/question/25363702

The level of market coverage that is been utilized in marketing some products such as honest tea beverages is Intensive distribution

Therefore, Intensive distribution utilize retailers in distribution of goods

Learn more at:

https://brainly.com/question/24250512?referrer=searchResults

Answer:

Administrative delay.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Licensure can be defined as the recognition (permission to practice) given to an individual by a regulatory agency or government for meeting a set of pre-defined requirements and after passing a license examination.

In this scenario, France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Thus, Excelsior's Limited is experiencing an administrative delay.

An administrative delay refers to the inability of a local firm to take actions on an application or service within a specific period of time due to circumstances beyond their control.

Answer:

A

Explanation:

Answer:

the answer is A

Explanation:

because learning equals cash

Vaughn Manufacturing should report $216,000 as its December 31 inventory. The goods purchased from Tamarisk, Inc. for $30,000 should not be included in the physical count as they were FOB shipping point, meaning ownership of the goods transferred to Vaughn Manufacturing upon shipment. The goods sold to Sheffield Corp. for $21,500 should also not be included in the physical count as they were FOB destination, meaning ownership of the goods transfers to Sheffield Corp. upon delivery. Since both the Tamarisk purchase and the Sheffield sale were in transit at year-end, they should not be included in the December 31 inventory count.
To determine the correct inventory value for Vaughn Manufacturing on December 31, we need to consider the goods in transit and adjust the physical count accordingly.

Step 1: Include the goods purchased from Tamarisk, Inc.
Since the goods were FOB shipping point, they belong to Vaughn as soon as they were shipped. Therefore, we need to add the cost of these goods to the physical count.

$216,000 (physical count) + $30,000 (goods from Tamarisk) = $246,000

Step 2: Exclude the goods sold to Sheffield Corp.
Since the goods were FOB destination, they still belong to Vaughn until they are received by Sheffield. Therefore, we need to subtract the cost of these goods from the adjusted inventory value in step 1.

$246,000 (adjusted inventory from step 1) - $21,500 (goods sold to Sheffield) = $224,500

Thus, Vaughn should report its December 31 inventory as $224,500.

To know more about physical inventory visit

https://brainly.com/question/29749768

SPJ11

The amount of interest that Holiday will pay semiannually to bondholders can be calculated by multiplying the face value of the bonds ($30 million) by the annual coupon rate (6%) and dividing by two (since the interest is paid semiannually).

This gives us an annual interest payment of $1.8 million, which is then divided by two to get the semiannual interest payment. Therefore, Holiday will pay $900,000 in interest to bondholders every six months.

I'd be happy to help you with your question. The question is: What is the amount of interest that Holiday Brands will pay semiannually to bondholders, given that they issued $30 million of 6%, 30-year bonds for $27.5 million?

To calculate the semiannual interest payment, follow these steps:

1. Determine the face value of the bonds: $30 million.
2. Find the annual interest rate: 6%.
3. Calculate the annual interest payment by multiplying the face value by the annual interest rate: $30 million * 0.06 = $1.8 million.
4. Divide the annual interest payment by 2 to find the semiannual interest payment: $1.8 million / 2 = $0.9 million.

So, Holiday Brands will pay $0.9 million in interest semiannually to bondholders.

To know more about annual interest, visit:

https://brainly.com/question/30573341

#SPJ11

Answer: price

Explanation:

Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.

In general, scholarships and grants used for Assuming that the scholarship money is tax-free,  education expenses such as tuition and books are tax-free.

However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.

Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.

However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.

If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.

If it is received through a government program, it would be recorded as income received from government programs.

For more questions on Scholarship.

https://brainly.com/question/30129338

#SPJ11