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suter
1 month ago
10

Anthony is a member of the engagement team performing an audit of xyz. during the engagement, the president of xyz approaches an

thony and offers him the position of cfo at the company. anthony is considering the offer. what safeguards do the independence rules require anthony to apply?
Business
1 answer:
soldi70 [3.6K]1 month ago
3 0
Anthony must avoid any conflict of interest. If the company xyz, which he is auditing, offers him the position of Chief Financial Officer, accepting that role would create a conflict. To maintain his professional integrity, he would have to remove himself from the audit team if he chooses to take the CFO job. 
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Consider a hypothetical closed economy in which households spend $0.65 of each additional dollar they earn and save the remainin
Free_Kalibri [3773]

Answer:The marginal propensity to consume (MPC) is 0.65

The multiplier or k = 2.85714 rounded to 2.86

Explanation:

The MPC pertains to the fraction of additional disposable income that consumers choose to spend. It is used to gauge the consumption increase driven by rising income.

MPC can be calculated as follows,

MPC = Change in consumption / change in income

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Multiplier or k = 1 / (1 - MPC)

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13 days ago
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Response:

a. Due to the rise in corn prices, the supply of corn would grow. Simultaneously, the acreage allocated for corn farming would expand.

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Clarification:

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Respuesta: a

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