Explanation

Floating assets are assets that are continually changing in quantity and/or value, such as:

amount of accounts receivable,

cash

inventory

outstanding shares.

Floating assets are valued at cost or market value whichever is lower because of the prudence principle.

ND5-09-2023

Explanation

Step 1: Rule for divisibility by 5

A number is divisible by 5 if and only if it ends in 0 or 5.
But 0 is not among the given digits, so the last digit must be 5.

Step 2: Fix the last digit as 5

So, we fix 5 as the last digit.

Now we must choose the remaining 4 digits (from the remaining digits: 2, 3, 7, 9)
These will go in the first 4 places.

• Number of ways to arrange 4 digits out of 4 = 4! = 24

Explanation

• An auditor's role is to provide an independent opinion on the financial statements, not to make management decisions or assume control of operations.
• They focus on evaluating internal controls, verifying financial statements, and identifying material weaknesses, but avoid making decisions that are management's responsibility.

Explanation

The Poisson distribution is a discrete probability distribution that models the number of events (k) occurring in a fixed interval of time or space.

The probability mass function of the Poisson distribution is:

P(k) = (e^(-m) * (m^k)) / k!

where m is the mean (expected value) of the distribution, and e is the base of the natural logarithm (approximately 2.718).

If the mean (m) of a Poisson distribution is 1, then the probability of P(1) is:

P(1) = (e^(-1) * (1^1)) / 1! = 1/e ≈ 0.3679

So, the probability of P(1) is approximately 0.368, or 1/e.

Explanation

• A sample statistic is a measure calculated from a smaller group of individuals (a sample) taken from a larger population.
• While a population parameter is a measure of the entire population.

Explanation

Financial statements are necessary for:

• Evaluating the financial performance of a company: Financial statements provide stakeholders with information about a company's financial position, performance, and cash flows, enabling them to assess its financial health and make informed decisions.
• Making investment decisions: Financial statements help investors and analysts evaluate a company's financial prospects, risk profile, and potential for growth, enabling them to make informed investment decisions.
• Complying with laws and regulations: Publicly traded companies are required by law to prepare and disclose financial statements, such as the balance sheet, income statement, and cash flow statement, to ensure transparency and accountability.

Explanation

Explanation

 if a : b : c : = 3 : 4 : 7

the ratio of ( a + b+ c) : c

=  (a + b+ c) 

= 3 + 4 + 7

= 14

(a + b+ c) : c

= 14: 7

= 2: 1

The ratio (a + b + c) ∶ c is equal to 2: 1

Explanation

A ton measures weight the other choices measure length.

Explanation

The "Range" does not deal with a central quantity.