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erastovalidia [21]
2 years ago
8

which one of the following audit programs is done on a random basis? a) correspondence audit b) national research program c) dis

criminant function system program d) targeted programs audit
Business
1 answer:
victus00 [196]2 years ago
7 0

An audit program which is done on a random basis is: c) discriminant function system program.

<h3>What is an audit program?</h3>

An audit program is also referred to as audit plan and it can be defined as a series of directions that an auditor and his or her team members must follow, in order to achieve the proper execution of an auditing process.

<h3>The types of audit program.</h3>

In Business management, there are different types of audit program and these include the following:

  • Correspondence audit.
  • National research program.
  • Discriminant function system program.
  • Targeted programs audit.

In conclusion, discriminant function system program simply refers to a types of audit program which is done on a random basis.

Read more on auditing program here: brainly.com/question/23822199

#SPJ1

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An increase in the price of butter, a substitute good, would be most likely to cause a. a rightward shift of the demand curve fo
vesna_86 [32]

Answer:

a. a rightward shift of the demand curve for margarine

Explanation:

If the price of butter increases, consumers would demand less of butter and more of margarine. This would shift the demand curve of margarine to the right and the demand curve of butter to the left.

A substitute good is a good which can be used in place of another good. Substitute goods usually have a more elastic demand because if the price of the good increases, it can be easily substituted with another good.

The phenomenon exhibited by butter and margarine is known as cross price elasticity. It when the change in price of one good leads to a change in the quantity demanded of another good.

8 0
3 years ago
Define the credit period
-BARSIC- [3]

Answer:

The credit period is the number of days that a customer is allowed to wait before paying an invoice

Explanation:

This indicates the amount of working capital that a business is willing to invest in its accounts to generate sales

8 0
3 years ago
Randy’s Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are
marusya05 [52]

Answer:

Please see answers below

Explanation:

A. For break even point

= fixed expenses - Contribution margin per unit

Where,

Contribution margin per unit = Sales per unit - Variable cost per unit

= $11 - $4

= $7

Therefore,

Break even points in unit = $58,800 ÷ $7

= 8,400 pizzas

B. Target profit

The break even point = Fixed costs expenses + Target profit / Contribution margin per unit

= ($58,800 + $54,000) / $7

= $112,800 / $7

= 16,114 pizzas

C. Margin of safety in dollars

= (Total sales - Break even in sales) * Selling price per unit

= ( 9,900 - 8,400 ) * $11

= 1,500 * $11

= $16,500

D. Contribution margin in lay man's term.

Contribution margin is when a firm makes or produces a product and then sold it, the difference that is left after deducting variable costs(costs associated with the sales like cost of raw materials used in producing the product) from the the sales of such product is the contribution margin.

4 0
4 years ago
At year-end 2016, total assets for Arrington Inc. were $1 million and accounts payable were $410,000. Sales, which in 2016 were
Fudgin [204]

Answer:

$190,000

Explanation:

Given that,

Total assets for Arrington Inc. = $1,000,000

Common Stock = $470,000

Retained earnings = $340,000

Total Liabilities = Total Assets - Common Stock - Retained earnings

                         = $1,000,000 - $470,000 - $340,000

                         = $190,000

Therefore, Arrington's total liabilities in 2016 is $190,000.

3 0
4 years ago
Individual policies are generally stand-alone policies, but may be written with other types of policies as a(n): a. Endorsement
Romashka-Z-Leto [24]

Answer:

The correct answer is letter "B": Rider.

Explanation:

A rider policy adds or restricts terms to an already existing insurance policy. This is typically used when the policyholder includes in the original coverage some others such as life, home, and auto insurance. Rider policies are typically low priced and in most cases are offered by the same insurance companies at a special discount to promote consumption among their insured.

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