Answer:
The correct answer is B. False.
Explanation:
An unqualified or normal opinion is issued in the event that the auditor, after obtaining sufficient and competent audit evidence, is fully satisfied with the reasonableness of the financial statements and their preparation in accordance with generally accepted accounting principles and standards applied to a base consistent with previous years. This satisfaction of the auditors is presented in the report in a clear and affirmative manner.
In issuing an unqualified opinion, the auditor tacitly expresses that if there have been changes in accounting principles or in the method of application, the relative effects of these have been determined and correctly presented in the financial statements.
Answer: The correct answer is "Costs that are small and unimportant with little impact on profits are called marginal costs."
Explanation: The statement "Costs that are small and unimportant with little impact on profits are called marginal costs." Is not TRUE because as the following statement says the marginal cost is the change in a firm's total cost due to a one‑unit change in output.
I believe the correct answer from the choices listed above is the first option. The 1040EZ is the shortest and simplest tax return form. Form<span> 1040 is one of three </span>IRS tax forms used<span> for personal (individual) federal income tax. Hope this answers the question.</span>
Answer and Explanation:
The preparation of the Incremental cost analysis is presented below:
<u>Particulars Product A Purchase</u>
Sales $13.50 $11.90
less: cost
Avoidable cost $5
Unavoidable cost $5 $5
Purchase cost $5
Net income $3.50 $1.90
Since the net income is higher in the manfufacture so the company should continue with manfuacture the product A
Answer:
$4
Explanation:
Given:
Marginal utility of movie = 40
Marginal utility of baseball = 32
Price of ticket = $5
Find:
Price of baseball match ticket to change her mind.
Computation:
Per dollar utility of movie = 40 / 5
Per dollar utility of movie = 8
Price of baseball match ticket to change her mind = Marginal utility of baseball / Per dollar utility of movie
Price of baseball match ticket to change her mind = 32 / 8
Price of baseball match ticket to change her mind = $4
