Many auditors take an approach to assessing the risk of material misstatement by beginning with an assessment of business risks. a. Define business risks. b. Why have auditors found it effective to take the approach of assessing business risks? c. Identify a business risk and explain how it might affect the auditor's audit procedures.

The text states that the committee “expects inflation to rise gradually toward 2% over the medium term as the labor market improves further….” why would the fomc expect inflation to rise because of improvements in the labor market?

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%