The most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location would be to: Observe physical counts of the inventory items.
<h3>
Which of the following audit procedures is best to perform to determine that company legally owns inventories?</h3>
To best ascertain that a company has properly included merchandise that it owns in its ending inventory, the auditors should review and test the: Purchase cutoff procedures. Purchase cutoff procedures should be designed to test whether all inventory Owned by the company was recorded.
Observe merchandise and raw materials during the client's physical inventory taking.
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Answer:
Helen would travel 63 miles in one hour. Also known as -
|| 63 miles per hour ||
Explanation:
In order to find how far she would travel in one hour we first have to see how far she traveled in all. Which would be 567 miles. We know she took 9 hours to travel this far. By dividing 567 miles by 9 hours then we can find out how far she traveled in one hour. So 567/9 = 63.
Have a good rest of your day. I hope this helps! ^^
Answer:
The correct answer is C)
Explanation:
Whether or not companies in the industry expanded their capacity is really not of much concern. What should concern management are the other factors:
- Forecasted Demand Vs Actual Demand: This tells us what has happened in the market
- Forecasted Growth in Demand: This tells us what might happen in the market
- Industry-wide capacity to meet demand is critical information: This tell us what other companies are doing and how it is shaping the market. That is, is the market saturated or not.
- If beginning inventories are very high, in each of the regions reported, installing additional production capacity is not a very sound business decision.
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Answer:
a. Unity of direction
Explanation:
Unity of direction: In this principle, the direction of work is given by the higher authority with a view to achieving the organizational objective.
Division of work: In this principle, the work is divided between many subordinates/ employees, so that the task should be done in proper time and in an efficient & effective manner.
Scalar chain: This scalar chain represents the rank from high authority to low authority in a straight line so that proper communication/ cooperation can be done without any misunderstanding.
Unity of command: In this principle, the employees are responsible for only one person/ one supervisor/ one commander.
In the given scenario, the unity of direction principle applies as the board of directors wants to establish an independent business so that each domain objective can be achieved so that it becomes to accomplish the organizational objective.
