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astraxan [27]
2 years ago
6

Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is t

he responsibility of the
Business
1 answer:
Daniel [21]2 years ago
6 0

Answer:

Management

Explanation:

Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.

The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.

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Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you
Georgia [21]

Answer:

The opportunity cost is $130,000 for the four year duration.

Explanation:

Here, it is clear that I will not go to the job, so going to university is the only option left. Now, the loss of the job income is also an opportunity cost with an amount $20,000 which will aggregated with the University specific costs.

University Specific cost for 4 Years = 4 * (Tuition Cost + Textbooks + Job Opportunity loss)

The room and board cost is common between college and the university so it must not be considered for the decision making.

By putting values, we have:

University Specific cost for 4 Years = 4 * ($10,000 + $2,500 + $20,000)

University Specific cost for 4 Years = $130,000 for the four years

The opportunity cost is $130,000 for the four year duration.

For better understanding of relevant costing (Opportunity cost analysis), consider the following question:

brainly.com/question/14423321

3 0
1 year ago
Describe a company that has gotten publicity from the news media. Why did the company get publicity? Was it positive or negative
Dmitrij [34]
Samsung, for having lithium ion batteries in their new phones the samsung galaxy 7, negative because they were burning up and hurting people.
8 0
1 year ago
Read 2 more answers
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is Rs.500 a ride. Motorvill
larisa86 [58]

Answer:

The answer is below

Explanation:

i) The price elasticity of demand is given by the formula:

Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{40-80}{(40+80)/2} }{\frac{600-500}{(600+500)/2} }=\frac{-2/3}{2/11} =3.667 (ignore \ the\ sign)

Since the price elasticity of demand is greater than 1 hence it is elastic

ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.

iii)

Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{120-80}{(120+80)/2} }{\frac{400-500}{(400+500)/2} }=\frac{0.4}{-2/9} =1.8 (ignore \ the\ sign)

Since the price elasticity of demand is greater than 1 hence it is elastic

4 0
2 years ago
The chart shows the marginal cost and marginal revenue of producing apple pies.
Liula [17]

Answer:

The marginal cost will most likely increase to $2.00

Explanation:

Because I just did it.

7 0
1 year ago
Read 2 more answers
Investors' Choice Fund had NAV per share of $37.25 on January 1, 2012. On December 31 of the same year the fund's rate of return
RideAnS [48]

Answer:

Explanation:

As fund rate of return = (final NAV - Initial NAV + Income distribution) / (Initial NAV)

17.3% = (final NAV - 37.25 + 1.14 +

1.35)/ 37.25

Final NAV = 34.76 + 6.44

= 41.2 is the answer (ending

NAV)

7 0
1 year ago
Read 2 more answers
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