If the total factor-weighted attractiveness scores for market forces, competitive environment, and market access are 10, 24, and 35, respectively, what is the market attractiveness index?

Which of the following statements is true of managerial accounting?

A) The external stakeholders of a company are the primary users of managerial accounting. B) Managerial accounting information is used to help managers plan and control their operations. C) An external audit by an independent CPA is required for managerial accounting information. D) Managerial accounting information must comply with Generally Accepted Accounting Principles.

An independent audit adds value to the communication of financial info because the audit

a. Confirms the exact accuracy of managements financial representations b. Lends creditability to the financial statements c. Guarantees that financial data are fairly presented d. Assures the readers of financial statements that any fraudulent activity has been corrected