The degree of operating leverage will increase if a firm decides to compensate its sales representatives with a fixed salary and bonus rather than with a pure percent-of-sales commission

Brink Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017 2017 2016 Cash and Receivables $75,000 $145,000 Merchandise Inventory 215,000 170,000 Property, Plant and Equipment, net 750,000 800,000 Total Assets $1,040,000 $1,115,000 Total Liabilities $495,000 $435,000 For the vertical analysis, what is the percentage of current assets as of December 31, 2017? (Round your answer to two decimal places.)

A) 27.88% B) 28.25% C) 39.38% D) 38.67%

A good fraud auditing involves four steps. Which of the following is the correct sequence?

a. Identifying fraud risk exposures; building audit programs to proactively look for symptoms and exposures; investigating fraud symptoms identified; and identifying the fraud symptoms of each exposure. b. Identifying fraud risk exposures; identifying the fraud symptoms of each exposure; building audit programs to proactively look for symptoms and exposures; and investigating fraud symptoms identified. c. Building audit programs that proactively check for symptoms and exposures; identifying fraud risk exposures; identifying the fraud symptoms of each exposure; and investigating fraud symptoms identified. d. Identifying the fraud symptoms of each exposure; identifying fraud risk exposures; investigating fraud symptoms identified; and building audit programs to proactively look for symptoms and exposures.