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2 years ago

Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.

1 answer:

7 0

Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.-- Existence and accuracy

What is an Accounts Receivable Confirmation?

When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation

What does it mean to confirm account?

Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.

Learn more about Confirm account receivable:

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A mass of warm, moist air rises through the atmosphere. Then clouds form in the air mass as its temperature decreases. How does

KonstantinChe [14]

The difference in humidity is what causes the clouds to form disperse and to rain down.

Explanation:

When there is more humidity it means that there are more water droplets in the air.

This means that these water droplets can join with small particles in the air and form clouds around themselves.

These clouds go up in the air and get cooled down and condense so they then become clouds but they also become heavy because they are cold.

Now that they are heavy they begin to come down and the difference of humidity down below makes it warmer and then the clouds fall with the rain and the process begins again.

8 0

4 years ago

Akika Corporation started as a small firm and has grown substantially in the past decade. Its interests span from electronics to

lakkis [162]

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.

6 0

3 years ago

Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur

Minchanka [31]

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

8 0

3 years ago

iRobot Company is analyzing two machines to determine which one it should purchase. Whichever machine is purchased will be repla

zimovet [89]

Answer:

Machine A should be purchased because it has a lower equivalent annual cost . Hence, it is cheaper.

Explanation:

Equivalent Annual cost is the Present Value of the total cost over the investment period divided by the appropriate annuity factor.

Step 1 : Equivalent Annual cost of Machine A

PV of cash flows

PV of purchase cost = 487,000

PV of annual operating cost of $29,000

= 29,000× (1-(1+0.14)^(-6))/0.14

= 112,771.35

Total PV = 487,000 + 112,771.35= 599,771.35

Equivalent annual cost = 599,771.35 /3.889

Equivalent annual cost = 154,235.70

Step 2: Equivalent Annual cost of Machine B

PV of purchase cost = 315,000

PV of annual operating cost of $51,200

= 51,200× (1-(1+0.14)^(-4))/0.14

= 149,182.07

Total PV = 315,000+ 149,182.07

= 464,182.07

Equivalent annual cost = 464,182.07/2.9137

Equivalent annual cost = 159,309.51

Step 3: Compare equivalent Annual cost

Comparing the two equivalent costs, we conclude that Machine A should be purchased because it has a lower equivalent annual cost and therefore it is cheaper.

8 0

3 years ago

Mr. Gupta is also considering giving his employees a raise that would increase total salaries by $35,000.00 per year. What effec

shutvik [7]

I think the taxes would decrease but increase for the company

6 0

3 years ago