Which of the following statements is correct concerning analytical procedures used in plan- ning an audit engagement?
a. they often replace the tests of controls that are performed to assess control risk. b. they typically use financial and nonfinancial data aggregated at a high level. c. they usually involve the comparison of assertions developed by management to ratios calculated by an auditor. d. they are often used to develop an auditor's preliminary judgment about materiality.

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

If art has a 7/1 arm, how long will the fixed interest rate be applied to his loan?