Answer:
B.
Explanation:
Based on the information given that a large portion of sales occur at the last month of the year, a key audit concern or risk would be the revenue or sales cutoff. This concern is on the recognition of revenue in the appropriate period as most of the sales are recorded in the last month of the year. The risk exist that such sales are recognized to meet up with the yearly sales target of the organization. The performance of analytical procedure would not be effective as the results (trend) over the past 5 years have been similar. A test of internal controls at an interim date may also not be effective as there may be multiple level connivance to ensure that sales target are met. Also, the review of period end compensation of bonuses paid may not address the identified risk as such option B which deals with revenue recognition is the most appropriate option.
Answer:
The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators
Explanation:
Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator
This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators
Answer: Option (d)
Explanation:
Under this case the write off will be as follow:
Debit Credit
Allowance for doubtful accounts 25,200
Accounts receivables 25,200
Here, in this case the Allowance for the doubtful accounts and Accounts receivables are further decreased as the outcome of the transaction made. Thus, there will be no further effect on working capital. Therefore the $30,000 that is bad debt would then be stated as the credit to allowance account. This will then decrease the working capital by $30,000.
Answer:
Return on investment = 86.49 %
so correct option is B. 86.49%
Explanation:
given data
Operating income = $1,600,000
Net sales = $13,500,000
Average total assets = $1,850,000
target rate of return = 30%
to find out
company's return on investment
solution
we get here Return on investment that is express as
Return on investment = Operating income ÷ Average total assets .............1
put here value we get
Return on investment = 
Return on investment = 0.86486
Return on investment = 86.49 %
so correct option is B. 86.49%
$9,000 is the amount of expenses is the dependent credit based on. The Dependent Care Credit ranges from 20% to 35% of Qualified Expenses for Tax Years Through 2020. The percentage is determined by your supplemental gross income (AGI).
<h3>Which costs are not covered by the Child and Dependent Care Credit?</h3>
The following costs are not covered by the Child and Dependent Care Credit:
- Costs of getting to and from the daycare center.
- Camp expenses for one night.
- The cost of educating a child through kindergarten or higher.
- Costs for a chauffeur or gardening assistance.
- Depending on whether the program is for the child's care, the cost of before- or after-school programs may be covered. If you are unable to distinguish between the cost of care and the cost of education, costs up to kindergarten qualify. This includes kindergarten.
To know more about 'Dependent Care Credit' , visit:brainly.com/question/15056356
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