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Ilia_Sergeevich [38]
2 years ago
5

How to identify the significant accounts, disclosures, and relevant assertions in auditing long-lived assets?

Business
1 answer:
RSB [31]2 years ago
6 0

An account or disclosure is a vast account or disclosure if there's an inexpensive possibility that the account or disclosure should contain a misstatement that, personally or when aggregated with others, has a fabric impact on the financial statements, considering the risks of each overstatement.

On the subject of auditing balance sheet accounts, which includes lengthy-term property and liabilities, the important thing assertions that an auditor will test are lifestyles; rights and duties; completeness and valuation.

To be able to become aware of these risks, we carry out techniques such as subsequent: Discussions with key employees to gain knowledge of your employer and its environment. Discussions and walkthroughs achieved and documented over internal manipulation tactics. diverse analytical tactics.

Learn more about environment here: brainly.com/question/17413226

#SPJ4

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A firm sells 2000 units at £500 each. If fixed costs are £50,000 and variable costs are £100 per unit, calculate the total costs
Blababa [14]

Answer: £ 250,000

Explanation:

Given: Fixed costs = £50,000

Number of units=2000

Variable cost per unit = £100

Since Total variable cost = (Number of units) x (Variable cost per unit)

=2000 x ( £100)

=  £200,000

We know that,

Total cost = Total fixed cost +Total Variable cost

= £ (50,000 + 200,000)

= £ 250,000

Hence,  the total costs =  £ 250,000

7 0
3 years ago
The residents of Bucktown, Illinois, place their trash at the curb each Wednesday morning to be picked up by Municipal Crews. Ex
svetoff [14.1K]

Answer: 8.56crews

Explanation:

To get critical fractile probability SL,

We stock up the local trash collection capacity.Cost of overstocking by 1 ton =MC = 625/5 = $125Cost of understocking by 1 ton = additional cost of using outside trash pick up = MB = $650-$125 = $5

SL = Prob(RQ) = MB /( MB + MC) = 525/(125 + 525) = 0.8077 appropriate # of crews = 8.56 crews

8 0
3 years ago
Suppose all stocks in Cheyenne’s portfolio were equally weighted. Which of these stocks would contribute the least market risk t
Finger [1]

Answer:

Least Market Risk - Fitcom Corp. as it has the lowest beta.

Explanation:

According to the given table, as we can see that there are 4 types of stock, 4 investment, 4 beta, and 4 standard deviations. Now, as per the requirement of the question the least market risk to the portfolio of the stock is Fitcom Corp. as it has the lowest beta that is 0.50.

Therefore the right answer is Fitcom Corp.

7 0
3 years ago
Goods are complements if an increase in the price of one causes a __________ in the demand for the other
ASHA 777 [7]

Answer: decreases

Explanation: In simple words, complementary goods are those goods which have negative relation with each other in respect of price and demand. The usage of one good is dependent on other in case of complementary relation.

For example - Petrol and petrol car are complementary goods, if the price of petrol increases the demand for petrol cars will decrease.

Hence we can conclude that the right answer to the given problem is decrease.

7 0
3 years ago
A researcher wants to find out if adults who watch violent television shows will behave more aggressively. Name the dependent va
densk [106]

The scientists are trying to find if TV causes aggressions. TV is the independent variable and aggression depends on if the adults watch the TV.

4 0
3 years ago
Read 2 more answers
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