Martinndungu1986

aggregated - data collected at one scale and then reported at much broader scales analytical mapping - maps used to explore the role of location and space to answer questions and find patterns (cartography) bar graph - type of visual representation of data organized into vertical rectangles, or bars, shown on a plane defined by an x- axis and a y-axis bivariate data - a set of data that concerns the relationships between two variables

A company has a current ratio of 0.80 compared to the industry average of 1.45, making it riskier than average. Which action will improve the current ratio for the company? - Converting accounts payable to a long-term note payable This would reduce the current liabilities and increase the long-term liabilities, increasing the current ratio. A company has the following balances for net accounts receivable: Accounts receivable$600,000$600,000Allowance for bad debts(25,000)(35,000)Net accoun...

A company has net sales of $400,000, cost of goods sold of $300,000, and operating expenses of $20,000. What is its gross profit rate? - 25% Gross profit = Net sales - Cost of goods sold Gross profit = $400,000 - 300,000 = $100,000 Gross profit rate = Gross profit/Net sales Gross profit rate = $100,000/$400,000 = 0.25 or 25% A company purchased merchandise with an invoice price of $3,000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inhe...

•Financial risk exposure types that can be transferred to insurers: - -Property -General liability -Automobile liability -Crime losses -Medical malpractice •Medical facility can contract with a claim clearinghouse - -Medical facility uploads claims data -Clearinghouse "scrubs" claims and sends them to the proper insurance companies -Claims with errors returned to medical facility -Insurers pay medical facility via the Automated Clearing House banking system -Medical facility gets ...

3 Groups that impact financial performance - 1.Environment 2. Organizational 3.Financial A large percent resulting from the division of the General Fund Intergovernmental revenues by the Total General Fund revenues is a - Warning sign A low personal income per capita generally is correlated with - -Low capacity to provide services -High demand for services A negative signal that should be investigated to determine if the trend of not funding annual pension cost is expected to continue is...

A customer buys 5 ABC Jan 60 Calls @ $4 and buys 5 ABC Jan 60 Puts @ $1 on the same day when the market price of ABC stock is $62. Assume that the market price falls to $56 and the call premium falls to $.50, while the put premium rises to $5.50. The customer closes the positions. The customer has a: A. $100 gain B. $100 loss C. $500 gain D. $500 loss - he best answer is C. The customer established the positions with a debit of $5 x 5 contracts = $2,500 debit. When the market is at $56, ...

Agreed upon procedures assurance - No opinion/assurance Agreed upon procedures independence? - Yes An uncertainy may result in what kind of opinion - All opinions (unmodified, qualified, adverse, disclaimer) Auditors primary concern with related party transactions is - disclosed in accordance with GAAP (armslength irreleveant) Confimrations may be done on... - Single Transactions Does a review require an understanding of I/C? - No Does an audit require an understanding of I/C? - Yes Exa...

alse - a balance sheet describes an individual's financial progress over a period of time, generally a year. false - a balance sheet has three components: income, expenses and value. false - an example of a fixed expense is my monthly electricity payment. false - it is getting close to the end of the month and you need to pay your apartment rent for the next month. your landlord lord gives you until the 10th of next month to pay your rent on time. since you don't need to pay next month's...

1. The cash account is affected by all of the entity's business processes. - True 2. The general cash account is generally the principal account used to disburse payroll. - False 3. An imprest cash account is used for specific purposes and generally maintains a very small balance. - True 4. The auditor's use of analytical procedures for auditing cash is limited. - True 5. A major control that directly affects the audit of cash is the bank reconciliation prepared by the auditor. - False ...

A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and - is so near its maturity that it presents insignificant risk of changes in interest rates. A Cash Over and Short account - is debited when the petty cash fund proves out short. All of the following are problems associated with the valuation of accounts receivable except for - cash discounts under the net method. All of the following may be included under the heading of "...