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rewona [7]
2 years ago
9

The ____________________ attests to the fairness of the presentation of the financial statements and states whether the financia

l statements are presented in accordance with gaap.
Business
1 answer:
Mila [183]2 years ago
8 0

The require answer is Auditor's report.

Auditor's report:

  • If the financial accounts are presented fairly and in line with GAAP, it is stated in the auditor's report and attested to by the auditor.
  • The auditor's report expresses the auditor's judgment regarding the accuracy and conformity with GAAP of a company's financial statements.
  • The auditor's view on whether a company's financial statements adhere to generally accepted accounting standards (GAAP) and are free of substantial misstatement is expressed in an auditor's report, which is a written letter from the auditor.
  • A report from the auditor stating that the financial statements and accompanying disclosures were presented fairly. The outcome of this evaluation is the auditor's report, which attests to the fairness of the financial statements' presentation and related disclosures. The existence, completeness, rights and duties, accuracy and value, and presentation and disclosure of financial statement assertions are among those that a company's statement preparer attests to.

Learn more about Auditor's report here brainly.com/question/7890421

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For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade pr
777dan777 [17]

Answer:

$2,625

Explanation:

Conversion cost incurred in September = $6000

Conversion cost incurred in August = $1.15/gallon ×7500 gallons = $8,625

Difference = $8,625 - $6,000 = $2,625

3 0
3 years ago
PART A. MULTIPLE CHOICE - 15 MARKS
I am Lyosha [343]

Answer: a. Economic factors

Explanation:

Company orientation refers to training that is given to new employees to better prepare them to work in the company and be as efficient as possible.

It includes things like occupational health and safety so that the employee may know how best to behave so as not to cause accident or get injured by one. It also includes telling the employees of the various fringe benefits that might accrue to them.

It would not include economic factors as these as not specific to the company.

7 0
2 years ago
As the level of activity increases, how will a mixed cost in total and per unit behave? In Total Per Unit A) Increase Decrease B
Airida [17]

Answer:

A) Increase Decrease

Explanation:

As we know that

Mixed cost is the combination of both fixed cost and the variable cost

Mixed costs are costs in which one component of cost is Fixed and the other component is variable

In equation form,

Mixed cost = Fixed cost + variable cost

In the case of variable cost, the per unit would remain the same and it increased when production increases

But the fixed cost amount would remain the same  but if the production rises the per unit declines

Similarly, Fixed costs remain the same in Total and decreases per unit with increase in production

Therefore option A is correct

8 0
3 years ago
As a new employee at acme global, frederick just spent the morning learning about the organization's policies and procedures. He
jeka94

I believe the answer is: orientation

In business setting, orientation refers to the process of familiarizing oneself to company's culture and operation. Conducting orientation as new recruits would speed up your adaptation process, make it more easier for your coworkers and bosses to accept you, and ensure that you are not left behind in term of expected performance.

4 0
3 years ago
What is the variable cost of sterilizing an instrument using the new equipment
yanalaym [24]

Answer:

Results are below.

Explanation:

Giving the following information:

Month Number of instruments used Total autoclave cost

January 634 $7,466

February 534 6,526

March 734 7,148

April 934 9,028

May 834 7,744

June 1,034 8,596

July 1,234 10,009

August 1,134 9,924

<u>To determine the fixed and variable cost, we need to use the high-low method:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (10,009 - 6,526) / (1,234 - 534 )

Variable cost per unit= $4.9757 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 10,009 - (4.9757*1,234)

Fixed costs= $3,869

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 6,526 - (4.9757*534)

Fixed costs= $3,869

Total cost= 3,869 + 4.9757x

x= number of instruments

5 0
3 years ago
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