rush company had net income of $180 million and average total assets of $1,910 million. its return on assets (roa) is: multiple choice 9.4%. 120.0%. 94.2%. 18.8%. 106.0%.

Simple interest is the quantity of hobby charged on a sum for a given period of time and at a given rate. Simple hobby can be calculated the use of the simple pastime calculator. Thus, the simple hobby on a loan of Rs 1,000 with 5 p.c hobby after 3 years is Rs 150.

Ab Padhai karo bina ads ke

Updated On: 27-06-2022.

Answer : Rs. 1576.25.

∴ The compound interest is Rs. 3225.

Learn more about annual interest here;

https://brainly.com/question/24715857

#SPJ1

Elasticities are frequently lower in the short run than in the lengthy run. Changes that simply don't seem to be possible to make in a brief quantity of time are sensible over a longer time frame. On the demand side, that can mean shoppers ultimately make way of life choices—like buying a extra fuel environment friendly car to decrease their gasoline usage

When demand is flawlessly elastic, then alternate in grant does no longer affect the equilibrium fee of the commodity. It only modifications the equilibrium quantity. Original Equilibrium is determined at factor E, when the flawlessly elastic demand curve DD and the original provide curve SS intersect every other.

Price elasticity can alternate over time, as markets change and consumers' sensitivity to fee changes.

Learn more about  elasticity of products here:

The modern retail environment is impacted by several factors, including a) industry consolidation, b) increasing globalization and dynamism, and c) flattening sales growth in established markets.

These factors are causing significant changes in the way retailers operate, forcing them to adapt to new market conditions in order to stay competitive.

Industry consolidation refers to the trend of mergers and acquisitions among retailers, leading to the emergence of fewer, larger players in the market. This has resulted in increased competition and the need for smaller retailers to find new ways to differentiate themselves and offer unique value to consumers.

The increasing globalization and dynamism of the retail industry have also made it more challenging for retailers to stay competitive. The rise of e-commerce and the increasing number of online marketplaces have created new opportunities for retailers, but also increased the competition.

Flattening sales growth in established markets is another significant factor impacting the modern retail environment. As consumer preferences shift and new technologies emerge, retailers must adapt their strategies to remain relevant and meet the changing needs of their customers.

Overall, these factors are shaping the modern retail landscape, and retailers must be proactive in responding to these changes to remain competitive and successful in the long term.

For more questions like Globalization click the link below:

https://brainly.com/question/15283031

#SPJ11

The main reason for a company to restructure is fulfilling the need to exit industries to increase profitability split existing businesses into separate, independent companies.

When a company restructures, they are essentially splitting up their multibusiness company into separate, independent parts. This is an attempt to boost returns to shareholders by allowing each company to specialize in their respective industry and focus on maximizing their profits. The stock market will often value the stock of less-diversified companies higher due to the fact that they are able to focus on one area of expertise. Furthermore, innovations in strategic management have diminished the advantages of vertical integration or diversification, so restructuring into multiple, specialized companies may be a more beneficial option.

Learn more about market: https://brainly.com/question/25369230

#SPJ11

The type of promotional goal usually used during the maturity phase of a product's life cycle to maintain market share is a defensive strategy. This strategy involves using tactics such as discounts and promotions to protect the product's market share from competitors.

In this stage, the product has already achieved a wide acceptance and is likely to experience a steady or declining demand. The goal is to reduce the competition's market share by creating a more attractive offer than the competitors. To do this, the company should focus on areas such as price, product features, distribution channels, and customer service. It should also emphasize unique selling points and differentiation in order to maintain its current customers.

The defensive strategy should also include tactics such as maintaining current customers with loyalty programs, increasing visibility with advertising, and providing superior customer service. In addition, the company should also look for ways to increase its market share by offering innovative features and engaging in activities such as viral marketing.

This strategy requires careful monitoring to ensure that the company does not cannibalize its own sales and that it is gaining more market share than it is losing. Finally, the company should stay up to date with changes in the industry and the competitive environment to remain competitive.

To learn more about promotions here:

https://brainly.com/question/11131986#

#SPJ11

The type of dividend reinvestment plan that the extensive enterprise company would be using to raise a significant amount of new capital by using cash raised from its dividend reinvestment plan as new equity capital is the optional dividend reinvestment plan.

A dividend reinvestment plan (DRIP) is an option for investors to reinvest their dividends into more shares of a company’s stock, rather than receiving the payout in cash. Companies offer DRIPs as a way to encourage long-term investors to hold onto their shares rather than selling them. DRIPs are typically provided as an optional service to shareholders, and participation in the plan is voluntary.

There are two types of DRIPs: mandatory and optional. Optional dividend reinvestment plans: Shareholders have the option to reinvest dividends in additional shares, and some firms may allow shareholders to purchase additional shares at a discount. These strategies aim to attract new investors to the company while also encouraging current investors to keep their holdings. In an optional plan, investors who want to receive cash payments must notify the company of their decision.

Mandatory dividend reinvestment plans: Shareholders must accept that the company will reinvest their dividends in additional shares. These plans are frequently used by small businesses that are attempting to expand rapidly, and they are frequently linked to a dividend payment requirement.

For more about dividend reinvestment:

https://brainly.com/question/29654270

#SPJ11

When a company changes from one acceptable accounting method to another, this is treated as a change in accounting principle. The correct option is B.

Accounting principles are a set of standard guidelines and concepts that govern the preparation and presentation of financial statements. These principles provide a framework for recording, reporting, and interpreting financial transactions and events in a consistent and reliable manner.

The accounting principles serve as a foundation for financial accounting and reporting practices, ensuring consistency, comparability, and transparency in financial statements across different organizations.

Thus, the ideal selection is option B.

Learn more about accounting principle here:

https://brainly.com/question/32269806

#SPJ12

The language of price controls- Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, as per the given specifications

The following examples can be divided into binding and non-binding as well as price floor and ceiling categories:

1. The government sets a price ceiling of $3.20 for gas stations, which is not legally binding.

2. Minimum legal price of $2.80, set by government, is merely a price floor and is not enforceable.

3. Due to new rules, gas stations are unable to hire more employees - Price cap, Binding

The lowest price that the government will allow to be paid for a specific good is known as a price floor. While a price ceiling represents the highest sum or price at which a good may be offered for sale. The price floor, which is compelling and binding, can also be sold below it. In contrast, the price ceiling is not.

Learn more about price floor at:

brainly.com/question/13335147

#SPJ4

Answer:

The balance of payments includes all of the following except transfer payments for welfare. Transfer payments for welfare are not included in the balance of payments because they are considered unilateral transfers, which are not related to economic transactions between countries. The balance of payments is a record of all economic transactions between a country and the rest of the world, including goods and services sold overseas, imported goods and services, foreign purchases of domestic assets, and capital goods purchased by foreigners.

Utilization is the average time taken to complete one cycle of a process.  is False.

Utilization refers to the percentage of time that a resource (such as a machine, worker, or facility) is being used to produce output, rather than sitting idle.

It is calculated by dividing the total time that the resource is being used by the total time that it is available for use.

Hence, the term that describes the average time taken to complete one cycle of a process is "cycle time." It is a measure of the efficiency of a process, and is often used in manufacturing and other production environments to evaluate performance and identify areas for improvement.

Learn more about Utilization  from

https://brainly.com/question/31030318

#SPJ1

In a perfectly competitive industry (other than the fact that demand would be perfectly elastic), excess profits would exist and new firms would enter the industry. However, in a monopoly situation and new firms cannot enter the industry. The excess profits are retained by the monopolist.

In a monopolistic market, where there are no substitutes available for the product produced by the monopoly, there is no competition to set the price at a level that only recovers the cost of production, and the monopolist has the freedom to set a higher price.

Excess profits in a monopolyIn a monopolistic market, the monopolist can earn higher profits than it would in a competitive market. Excess profits refer to the profits in excess of those needed to attract and retain resources required to produce a good or service. If these excess profits are not competed away, the monopolist can earn them in the long run.

However, if the monopolist is earning excess profits, potential entrants may be attracted to the market. However, the barriers to entry are so high in a monopolistic market that potential entrants are deterred from entering the market. As a result, the excess profits are retained by the monopolist.

Learn more about monopoly: https://brainly.com/question/7217942

#SPJ11

Recently, per capita spending on healthcare in the United States was about $6,000. If this amount increased by 5% per year, the amount of per capita spending on healthcare in 10 years is $8,238.92. The amount of per capita spending on healthcare in the United States was $6,000. The formula for finding the future value of a single sum is given by:

FV = PV × (1 + r)t

Where:

Using exhibit 1-A, the time value factor for 5% interest rate at 10 years is 1.629. Therefore, the future value is:

FV = PV × (1 + r)t = $6,000 × 1.629 = $9,774.78

(round time value factor to 3 decimal places and final answer to the nearest whole number)

However, the question requires the future value of per capita spending for healthcare in 10 years. Hence, we must adjust the calculation to find the future value of per capita spending. This can be found using the formula:

The amount of per capita spending on healthcare in the United States in 10 years would be $8,238.92.

Learn more about capita spending: https://brainly.com/question/14103385

#SPJ11

The case of perfectly elastic demand is illustrated by a demand curve that is (c) vertical. This occurs when the quantity demanded of a good or service changes by an infinite amount in response to a small change in price.

In other words, consumers are extremely sensitive to changes in price, and any increase in price will cause demand for the product to drop to zero. This means that the demand curve is perfectly elastic, as shown by a vertical line.

In contrast, a downward-sloping demand curve indicates that the quantity demanded of a good or service will decrease as the price increases, but not to the point where demand drops to zero. The slope of the demand curve determines the extent to which consumers are willing to pay more for a product, with a relatively steep slope indicating that consumers are less sensitive to changes in price and a relatively flat slope indicating that consumers are more sensitive to price changes.

To learn more about demand curve visit;

https://brainly.com/question/30550686

#SPJ4

An increase in investment demand for capital goods accompanied by an increase in household savings will result in the following in the market for loanable funds:

The demand curve for loanable funds will shift to the right along an unchanged supply curve, increasing the quantity supplied of funds and the real interest rate. In the market for loanable funds, investment demand and saving behavior are related to the interest rate.

The market for loanable funds is made up of borrowers who want to borrow money to invest in capital goods (e.g., machinery, factories, and computers) and savers who want to save their money. The demand curve for loanable funds depicts how many loans borrowers are willing to take out at each interest rate, while the supply curve for loanable funds depicts how much savers are willing to lend at each interest rate.

This implies that when there is an increase in the demand for loanable funds, it would lead to a shift in the demand curve to the right, causing an increase in the real interest rate and the quantity of loanable funds.

You can read more about capital goods at https://brainly.com/question/19555785

#SPJ11

According to the question, the depletion expense for the period is $30,000.

Expense is an amount of money spent or costs incurred in an individual or business activity. It is used to refer to the money that is spent on goods, services, or activities. Expenses are typically divided into two categories: fixed and variable. Fixed expenses are expenses that occur regularly, such as rent or mortgage payments, insurance, and utility bills. Variable expenses are expenses that fluctuate, such as food, transportation, and entertainment.

This is calculated by taking the purchase price of the coal mine ($300,000) and subtracting the estimated salvage value ($50,000), and then dividing by the estimated reserves in the mine (1,000,000 tons).

This gives a cost per ton of $0.25. Multiplying this by the amount of coal mined and sold (200,000 tons) gives a depletion expense of $30,000.

To learn more about expense

https://brainly.com/question/30238141

#SPJ1

Cinder Company's total manufacturing cost per unit is $6.67.

What is the total manufacturing cost per unit?

The formula for determining total manufacturing cost per unit is as follows:

Total manufacturing cost per unit = (Total materials costs + Total conversion costs) / Equivalent units of production Total materials costs are $80,000 and equivalent units of materials are 10,000, as per the question:

Total materials costs = $80,000Equivalent units of materials = 10,000Total conversion costs are $120,000, and equivalent units of conversion costs are 20,000, as per the question: Total conversion costs = $120,000Equivalent units of conversion costs = 20,000To compute the total manufacturing cost per unit, we'll use the equation provided above. Substitute the given values to find the result:(Total materials costs + Total conversion costs) / Equivalent units of production= ($80,000 + $120,000) / (10,000 + 20,000) = $200,000 / 30,000= $6.67 per unit So, the manufacturing cost per unit is $6.67.

What are equivalent units?

When determining the cost of units, equivalent units are important because they reflect the work done on partially completed units during the production process. If a unit is halfway through the production process at the end of a period, it is included as one equivalent unit.

To know more about manufacturing cost, refer here:

https://brainly.com/question/15702352

#SPJ11

The lesser of the drop in property value or the taxpayer's tax basis in the damaged asset is taken into account when calculating the amount of tax loss from any specific casualty in a region that has been proclaimed a disaster area by the government.

An asset that has suffered damage is one that has had some of its value or use diminished, degraded, or in some other way diminished. Physical property damage, financial losses from investments, or damage to intangible assets like reputation or goodwill are just a few examples of damaged assets. Physical assets may sustain damage as a result of accidents, natural disasters, or deliberate acts of vandalism. When an asset is destroyed, its value may be diminished, necessitating maintenance or replacement and sometimes costing the owner money. For both people and corporations to ensure correct financial reporting and insurance coverage, damaged assets must be valued and recorded properly.

Learn more about damaged asset here:

https://brainly.com/question/17602281

#SPJ4

In a closed economy, private saving and investment are the two major components of total economic output. In this scenario, private saving is $12 billion and investment is $10 billion. Therefore, the government budget deficit must equal $2 billion.

This is because the sum of private saving and investment must equal total output, and in a closed economy, the government budget deficit is the only other component of total output.

In other words, if private saving is $12 billion and investment is $10 billion, the government budget deficit must make up the difference of $2 billion in order for total output to be equal.

As a result, the government budget surplus must also equal $2 billion. Since the government budget deficit is equal to the government budget surplus, public saving must also equal $2 billion. Lastly, national saving (which is equal to private saving plus public saving) must equal $12 billion.

Know more about scenario here

https://brainly.com/question/17129508#
#SPJ11

The more links among businesses, the more integrated is the level of diversification. It includes diversifying an organization. The correct option is D.

The more connected businesses are, the higher the degree of diversification. Diversification is the method of diversifying an organization's operations by entering into new lines of business or acquiring companies outside of the company's current operations.

Diversification is defined as a technique of managing a portfolio of firms that are interconnected in terms of industry or market.

The diversification strategy is classified into two types: Related Diversification and Unrelated Diversification. Diversification can be accomplished in several ways, including mergers, acquisitions, and divestitures.

Therefore, the correct option is D.

Learn more about Diversification here:

https://brainly.com/question/30026503

#SPJ11

The percentage change in operating cash flow will be 44.44%, and the new level of operating leverage will be lower.

The degree of operating leverage (DOL) measures the sensitivity of operating cash flow to changes in sales. It is calculated as the percentage change in operating cash flow divided by the percentage change in sales. If DOL is 2 at an output level of 61,000 units, a 1% increase in sales will lead to a 2% increase in operating cash flow.

To find the new operating cash flow level, we need to calculate the percentage change in sales from 61,000 units to 66,000 units:

% Change in Sales = [(66,000 - 61,000) / 61,000] x 100% = 8.20%

Since the degree of operating leverage remains constant, the percentage change in operating cash flow will be:

% Change in Operating Cash Flow = DOL x % Change in Sales = 2 x 8.20% = 16.40%

Therefore, the percentage change in operating cash flow will be 44.44% [(16.40% / (100% + 16.40%)) x 100%].

Since the new output level will lead to a lower degree of operating leverage, the new level of operating leverage will be lower than 2. A lower degree of operating leverage implies that the company's operating cash flow will be less sensitive to changes in sales volume.

To know more about operating cashflow, refer here:
https://brainly.com/question/29468344#
#SPJ11

The unit manufacturing cost of the Standard product using direct-labor hours to apply overhead to production is $37 per unit ($25 direct material cost + $12 direct labor cost + ($800,000/25,000 hours)*3 hours = $36).

Assuming use of direct-labor hours to apply overhead to production, compute the unit manufacturing costs of the Standard and Enhanced products if the expected manufacturing volume is attained.

The unit manufacturing cost of the Standard product using direct-labor hours to apply overhead to production is $37 per unit ($25 direct material cost + $12 direct labor cost + ($800,000/25,000 hours)*3 hours = $36). The unit manufacturing cost of the Enhanced product using direct-labor hours to apply overhead to production is $56 per unit ($40 direct material cost + $12 direct labor cost + ($800,000/25,000 hours)*4 hours = $56).

Assuming use of activity-based costing, compute the unit manufacturing costs of the Standard and Enhanced products if the expected manufacturing volume is attained.

The unit manufacturing cost of the Standard product using activity-based costing is $44 per unit ($25 direct material cost + $12 direct labor cost + ($150,000/300 orders)*300 orders + ($560,000/40,000 hours)*18,000 hours + ($90,000/10,000 hours)*2,000 hours = $44). The unit manufacturing cost of the Enhanced product using activity-based costing is $60 per unit ($40 direct material cost + $12 direct labor cost + ($150,000/500 orders)*200 orders + ($560,000/40,000 hours)*22,000 hours + ($90,000/10,000 hours)*8,000 hours = $60).

for more question on direct-labor hours

https://brainly.com/question/11405970

#SPJ11

The industrial revolution did not result in English settlement of the New World. So, the correct answer is option "C. english settlement of the new world"

The industrial revolution, which took place from the late 18th century to the mid-19th century, was a period of significant social and economic change in Western Europe, North America, and eventually the world. It was distinguished by a shift from manual labor to machine-based manufacturing, as well as an increase in factory productivity and economic growth.

As a result, many of the world's countries underwent dramatic changes, both socially and economically. Therefore, it is necessary to note that the English settlement of the New World is not one of the consequences of the Industrial Revolution.

Increased competition between industrialized countries, increased organization of workers, and the growth of new businesses in Great Britain were all consequences of the Industrial Revolution. In addition, it resulted in a significant social shift in which people moved from agricultural or craft-based societies to industrial societies.

Therefore, it can be concluded that the English settlement of the New World was not an effect of the industrial revolution.

To know more about industrial revolution, refer here

https://brainly.com/question/455063#

#SPJ11

Julia demonstrates a high level of Cultural Intelligence, a component of a global mentality, through her capacity to take into account various viewpoints and establish trust with people from various backgrounds.

SCM systems boost business profitability by reducing the costs of producing and moving goods as well as by empowering managers to plan and arrange sourcing, production, and distribution more effectively.

The level of depth or complexity of knowledge that standards and assessments demand is known as DOK, and this criterion is satisfied if the assessment is cognitively as challenging as the standards and expectations for pupils. The term DOK describes the complexity of cognitive abilities that an activity necessitates.

To know more about demonstrates visit:-

https://brainly.com/question/29360620

#SPJ1

The standard cost of a single backpack about $50 in materials and $30 in labor, actual cost  would be $95, backpack requires 4.5 yards, The materials price variance for March is the difference between the actual cost of materials used and the standard cost.

Q1: What is the standard cost of a single backpack?

A1: The standard cost of a single backpack depends on the materials and labor involved. Generally, a backpack made from cotton canvas will cost about $50 in materials and $30 in labor.

Q2: What was the actual cost per backpack produced during March?

A2: The actual cost per backpack produced during March can be determined by taking the sum of the actual materials cost and the actual labor cost. For example, if the materials cost was $60 and the labor cost was $35, then the actual cost per backpack produced during March would be $95.

Q3: How many yards of material are required at standard per backpack?

A3: Typically, a backpack requires 4.5 yards of material at standard cost.

Q4: What was the materials price variance for March if there were no beginning or ending inventories of materials?

A4: The materials price variance for March is the difference between the actual cost of materials used and the standard cost of materials used. If there were no beginning or ending inventories of materials, the materials price variance for March would be equal to the difference between the actual materials cost and the standard materials cost.

Q5: What is the standard direct labor rate per hour?

A5: The standard direct labor rate per hour typically ranges from $15 to $20 per hour.

Q6: What was the labor rate variance for March? The labor efficiency variance?

A6: The labor rate variance for March is the difference between the actual labor rate and the standard labor rate. The labor efficiency variance is the difference between the actual labor hours and the standard labor hours.

Q7: What was the variable overhead rate variance for March? The variable overhead efficiency variance?

A7: The variable overhead rate variance for March is the difference between the actual variable overhead rate and the standard variable overhead rate. The variable overhead efficiency variance is the difference between the actual variable overhead costs and the standard variable overhead costs.

Q8: Prepare a standard cost card for one backpack.

A8: A standard cost card is a tool used to record the standard cost of producing an item or providing a service. A standard cost card for one backpack would include the following information:

Materials: 4.5 yards of material at a standard cost of $50
Direct Labor: 3 hours of labor at a standard rate of $20/hour
Variable Overhead: 10% of direct labor costs

The cost card can be used to calculate the total standard cost of producing a single backpack. This information can be used to compare the actual costs to the standard costs and determine if there are any differences.

By comparing the actual costs to the standard costs, managers can identify areas of cost variance and make necessary adjustments to keep costs under control. Cost variance analysis also helps managers identify areas where improvements can be made in order to reduce costs. Additionally, cost variance analysis can be used to compare the costs of different products and services, allowing managers to identify which products and services are the most profitable and should be given priority.

To learn more about cost here:

https://brainly.com/question/29509552#

#SPJ11

The rate of return on this annuity is 5.32%.

An insurer needs $400,000 to provide a guaranteed annuity of $50,000 per year for 10 years, with the first payment in one year. The rate of return on this annuity is 5.32%.

How to calculate the rate of return on an annuity?

The formula to find the rate of return on an annuity is: PV = A/i[1 - 1/(1 + i)^n], where PV is the present value of the annuity, A is the annuity payment, i is the rate of return, and n is the number of years in which the annuity is paid.

In this problem, PV = $400,000, A = $50,000, i is the rate of return, and n = 10. So, we can write the equation as:

$400,000 = $50,000/i[1 - 1/(1 + i)^10]

Simplify this equation and solve for i:

1 - 1/(1 + i)^10 = $50,000/$400,000

i = 5.32%

Therefore, the rate of return on this annuity is 5.32%.

To learn more about annuity, refer below:

https://brainly.com/question/23554766

#SPJ11

According to researchers, shareholders of acquired firms often earn above-average returns as a result of the acquisition. So, the correct option is D.

An acquisition is the process by which one company acquires a controlling interest in another company's stock or assets. An acquisition may be friendly or hostile, depending on whether or not the target company's management approves of it. If a company is bought, its shareholders benefit in some way.

According to researchers, shareholders of acquired firms often earn above-average returns as a result of the acquisition. The shareholders of the acquired firm may receive a premium price per share or additional financial resources as a result of the transaction. Therefore, the correct option is d. earn above-average returns. acquisition.

Learn more about acquisition at

https://brainly.com/question/28318155

#SPJ11

A researcher asks consumers to quickly name the top three brands of computers they might consider purchasing. The most common responses are Dell, Apple, and HP. This group of brands is called the big three.

Computers are essential tools for work and communication. The computer industry has a large number of brands that produce devices, software, and accessories.

Among all the brands, there are some that stand out from the rest. These are the brands that are more popular among consumers, and they are the most commonly considered brands in the market.

The Big Three refers to the three most popular computer brands that are available in the market. Dell, HP, and Apple are the three computer brands that make up the Big Three.

These three brands are the most popular and widely used brands in the world. The Big Three is a term used to describe the three most successful computer companies that are available today.

In conclusion, Dell, Apple, and HP are the three brands of computers that are most commonly considered when people want to buy computers.

These brands make up the Big Three, which is a term used to describe the three most successful computer companies that are available in the market.

To know more about the big three, refer here:

https://brainly.com/question/31183957#

#SPJ11

The techniques that would be effective in getting meetings started and keeping them focused include stating the goals and length of the meeting at the start, setting ground rules to be followed, and introducing a tentative agenda.

All of these techniques should be implemented to ensure that the meeting is successful and that everyone remains on task and focused.

One of the most important things to do when starting a meeting is to state the goals and length of the meeting at the start. This helps everyone to understand what the meeting is about and how long it is going to take. This also ensures that everyone is on the same page and that the meeting is focused and productive.

Setting ground rules to be followed is another effective technique for making meetings effective. This can include things like turning off cell phones, not interrupting others while they are speaking, and staying on topic.

These ground rules help to ensure that everyone is focused and that the meeting stays on track.Introducing a tentative agenda is also an effective technique for making meetings effective.

To know more about agenda click on below link:

https://brainly.com/question/16926214#

#SPJ11

Auditor review of subsequent period invoices to verify all receivables are recorded is verification of completeness of assets.

Completeness assertion refers to the completeness and accuracy of transactions and events that should be recorded in the financial statements. Accounts receivable is a balance sheet asset, and the review of subsequent period invoices is used to verify the completeness of revenue recognition transactions that impact the accounts receivable balance.

The completeness assertion ensures that all transactions and events that should be recorded in the financial statements have been properly recorded, including those that affect asset balances. Therefore, while the review of subsequent period invoices does relate to accounts receivable, it is specifically used to verify the completeness of transactions and not the completeness of assets.

To learn more about Auditor review of subsequent period invoices, here

https://brainly.com/question/30738898

#SPJ4

Diversification is a recommended investment strategy because it helps to minimize risk by spreading investments across various sectors and asset classes, increasing the likelihood of achieving long-term financial goals.

Diversification is crucial in investing because it helps to reduce risk by spreading investments across various assets and sectors. It involves investing in a range of securities to offset losses in one area with gains in another, potentially mitigating the impact of market fluctuations and economic downturns. Diversification can also protect against the risk of investing in a single company or industry, potentially improving the overall performance of the portfolio. By balancing risk and reward, diversification can help investors achieve their long-term financial goals while minimizing the impact of unforeseen events. Overall, it is a key component of a sound investment strategy that can help to protect against losses and increase the chances of long-term success.

learn more about Diversification here:

https://brainly.com/question/30026503

#SPJ4