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1 year 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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Equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $480,0

Dmitriy789 [7]

Answer

A. 48.000

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

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3 years ago

However, Rina's decision regarding how many workers to use can vary from week to week because her workers tend to be students. E

harkovskaia [24]

Answer:The formula for calculating marginal product of labour is output/no of workers

Explanation:For each day ,you will divide the output by the number of workers to get the MPL

Day 1 = _ because no production took place

Day 2 = 60/1=60

Day 3 = 100/2 =50

Day 4 = 130/3 = 43.3

Day 5 = 150/4 =37.5

Day 6 =160/5 =32

This in in line with the law of diminishing marginal product of labour .

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3 years ago

Read 2 more answers

Apex corporation surveys its consumers to determine how they view the similarities and dissimilarities among relevant product at

Citrus2011 [14]

The survey done by Apex Corporation on its consumers to find out how they view the similarities and dissimilarities among relevant product attributes for a set of competing brands is an example of PRODUCT POSITIONING RESEARCH. The main aim of a Product Positioning Research is to understand the position of a product or a brand in comparison to a competing product or brand.

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3 years ago

The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues.

slega [8]

False. The revenues usually contemplate the profit added to the expenses or costs, therefore, they can't match.

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3 years ago

Inventory records for Marvin Company revealed the following:

lbvjy [14]

Answer:

Ending inventory= $5,592.45

Explanation:

Giving the following information:

Mar. 1: Beginning inventory= 1,090 units at $7.25

Mar. 10: Purchase: 510 units at $7.75

Mar. 16: Purchase: 397 units at $8.35

Mar. 23: Purchase: 510 units at $9.05

First, we need to calculate the number of units in ending inventory:

Ending inventory in units= total units - units sold

Ending inventory in units= 2,507 - 1,880= 627

Under FIFO (first-in, first-out), the ending inventory is composed of the cost of the last units bought.

Ending inventory= 510*9.05 + 117*8.35= $5,592.45

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2 years ago